The global natural rosemarine extract market size is expected to reach a market valuation of USD 156.0 million in 2022 and further accelerate at a CAGR of 8.1% between 2022 and 2032. Overall natural rosemarine extract sales are anticipated to total a market valuation of USD 341.4 million by the end of 2032.
Natural rosemarine extract is a substance derived from rosemary plant and is rich in antioxidants. It has become one of the widely used flavorings and natural food preservatives across the world due to its natural, safe, stable, and effective nature.
Natural rosemarine extract has several health benefits and is thus used across industries like pharmaceutical, personal care, and food & beverage. The global natural rosemarine extract sales are expected to surge at a robust pace during the forecast period owing to the increasing demand for natural ingredients, growing awareness about the health benefits of rosemary extract, and rising demand for organic preservatives.
Synthetic antioxidants have been used by food manufacturers for a long time to arrest the undesirable deterioration of food products. However, recent studies have revealed that these synthetic substances can cause detrimental effects and are thus viewed as a threat to human health. This has brought the global natural rosemarine extract industry into the limelight.
As people become aware of the harmful effects of synthetic food preservatives, they are rapidly shifting their preference toward more natural and healthy ones. This has prompted manufacturers to use natural ingredients like natural rosemarine extract in their products.
The addition of natural rosemarine extract helps manufacturers to maintain the fresh appearance and sensory qualities of food, prevent microbial growth, and extend the shelf life of products. It has become an ideal natural alternative for food preservation as it prevents oxidation rancidity and food spoilage.
Similarly, widening applications of natural rosemarine extract in pharmaceutical industries are expected to boost natural rosemarine extract sales during the forecast period. Natural rosemarine extract has various therapeutic and health benefits. It is good for heart health, lungs, and liver, and helps in preventing the risk of numerous diseases.
Additionally, increasing usage for making household chemicals, cosmetics, and personal care products will propel natural rosemarine extract demand during the forthcoming decade.
Regionally, North America holds the largest share of around 42.2% in the global market and it is likely to retain its dominance during the forecast period. This is attributed to the rising usage of natural rosemary extract in packaged foods and pharmaceuticals, the growing trend of using clean-label products, and high levels of health awareness among consumers.
Attribute | Key Insights |
---|---|
Natural Rosemarine Extract Market Estimated Value (2022E) | USD 156.0 million |
Projected Market Value (2032F) | USD 341.4 million |
Value-based CAGR (2022 to 2032) | 8.1% |
Market Share of USA in North America Market in 2022 | 89.7% |
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According to Future Market Insights, the global market for natural rosemarine extract is projected to grow at a healthy CAGR of 8.1% between 2022 and 2032 in comparison to the 6.2% CAGR registered during the historical period from 2017 to 2021.
Growing preference for natural ingredients possessing various health benefits is a key factor driving natural rosemarine extract sales globally.
Natural rosemarine extract has seen a huge increase in popularity over the past few years, with many people looking to reap the health benefits of this potent antioxidant. This natural ingredient allows end users to effectively extend the shelf life of products without using artificial or chemical substances.
Natural rosemarine extract is being increasingly utilized for making numerous products across industries like pharmaceutical, food & beverage, cosmetic & personal care, and nutraceutical. Thus, the growth of these industries will eventually boost the global natural rosemarine extract industry during the forecast period.
Similarly, advancements in processing technologies and continuous product launches will facilitate the expansion of the natural rosemarine extract industry during the forthcoming decade.
Growing Trend of Using Natural Ingredients with Health Benefits Propelling Demand
One of the primary drivers for natural rosemarine extract is its perceived health benefits. This particular ingredient has been shown to provide several therapeutic effects due to its anti-inflammatory, antimicrobial, and antioxidant properties. Hence, it is being increasingly used across industries like pharmaceutical, food & beverage, cosmetics & personal care, and nutraceutical.
Additionally, oils containing natural rosemarine extract can be used topically as a remedy for skin conditions such as eczema and psoriasis. The fact that it is naturally derived further enhances its popularity amongst consumers who want to avoid artificial ingredients.
Another key factor propelling natural rosemarine extract demand is the fact that it is widely used in aromatherapy treatments due to its pleasant smell and calming properties.
Growing Demand for Clean Label Products Boosting Market in the USA
As per FMI, the USA will continue to remain one of the largest markets for natural rosemarine extract during the forecast period owing to the rising usage of this natural ingredient in the pharmaceutical sector due to its numerous therapeutic effects. Currently, the USA holds a massive share of around 89.7% in the North America rosemarine industry.
Growing preference for products with natural ingredients has become a key force directing Americans towards ingredients like natural rosemarine extract. This natural ingredient has the tendency to prevent disease development due to its antioxidant and anti-inflammatory properties.
Similarly, growing demand for clean label products coupled with increasing usage of rosemarine extract in processed food products will elevate natural rosemarine extract demand across the USA during the forecast period.
Growing Usage in Food & Beverage Industry Propelling Demand in China
According to Future Market Insights, natural rosemarine extract demand across China is projected to grow at a robust CAGR of 6.5% between 2022 and 2032, making it one of the most lucrative markets in East Asia. This is attributed to the increasing application of natural rosemarine extract as an ideal food preservative and flavoring agent in the food and beverage industry.
China’s natural rosemarine extract market is an ever-evolving industry with vast potential and diverse opportunities. This market has seen impressive growth rates over the past few years due to increasing consumer awareness about the health benefits of using natural rosemarine extract products. Furthermore, there is a growing trend of customers looking for high-quality organic ingredients, which further drives the demand for this product.
Powdered Natural Rosemarine Extract Remains the Most Utilized Form
Based on form, the global market for natural rosemarine extract market is segmented into powder and liquid. Among these, the powder segment will continue to hold the largest share of the global market during the forecast period. This is attributed to the rising end-user preference for powdered natural rosemarine extract due to its easy-to-use nature.
The powder form is considered to be the most efficient way to use this extract since it can be easily incorporated into various products such as lotions, creams, ointments, etc. The extract's powerful antioxidant action protects the body from oxidative stress while its anti-inflammatory activity reduces inflammation and soothes redness associated with various skin issues.
Similarly, increasing the application of rosemarine extract powder as an effective antimicrobial agent will boost the target segment during the assessment period.
Food & Beverage Industry to Generate Highest Revenues Through 2032
As per FMI, the food and beverage segment holds the largest share of the global natural rosemarine extract industry and it is likely to grow at a higher CAGR during the forecast period. This is ascribed to the rising application of natural rosemarine extract in the food & beverage industry due to its numerous health benefits and food preservation property.
Demand for natural rosemarine extract in the food & beverage industry has been growing exponentially in recent years. This growth is driven by a variety of factors, ranging from the increasing demand for natural ingredients to environmental sustainability.
Growing preferences for natural, plant-based ingredients in food products have prompted manufacturers to utilize natural healthy items like rosemarine extract. It has been found that rosemarine extract has antioxidant and antimicrobial properties, making it an attractive option for use as a preservative and flavor enhancer.
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The global market for natural rosemarine extract is becoming increasingly competitive, with more companies entering the market every day. With its growing popularity in cosmetics and food applications, the demand for this ingredient has been steadily rising. As a result, several large and small companies have become active players in providing natural rosemarine extracts to manufacturers worldwide.
Monteloeder, Kemin Industries, Frutarom Industries Ltd., Geneham Pharmaceutical Co., Ltd., Foodchem International Corporation, KINGHERBS, Flavex Naturextrakte GmbH, Kalsec Inc., Merck KGaA, Vitiva d.d., Hainan Super Biotech Co., Ltd, Naturex S.A., and E. I. du Pont de Nemours and Company are some of the big names operating in the natural rosemarine extract industry.
Some of the recent developments of these players are given under:
Attribute | Details |
---|---|
Estimated Market Size (2022) | USD 156.0 million |
Projected Market Size (2032) | USD 341.4 million |
Anticipated Growth Rate (2022 to 2032) | 8.1% CAGR |
Forecast Period | 2022 to 2032 |
Historical Data Available for | 2017 to 2021 |
Market Analysis | USD million for Value and Million. Sq. M. for Volume |
Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; and the Middle East & Africa |
Key Countries Covered | the USA, Brazil, Mexico, Germany, the United Kingdom, China, India, Japan, Australia, and GCC Countries |
Key Segments Covered | Form, Application, and Region |
Key Companies Profiled | Monteloeder; Kemin Industries; Frutarom Industries Ltd.; Geneham Pharmaceutical Co., Ltd.; Foodchem International Corporation; KINGHERBS; Flavex Naturextrakte GmbH; Kalsec Inc.; Merck KGaA; Vitiva d.d.; Hainan Super Biotech Co., Ltd; Naturex S.A.; E. I. du Pont de Nemours and Company |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The global natural rosemarine extract market size is expected to reach nearly USD 156.0 million in 2022.
Demand for natural rosemarine extract is likely to grow at 8.1% CAGR between 2022 and 2032.
The worldwide natural rosemarine extract industry is expected to surpass a valuation of USD 341.4 million by the end of 2032.
The overall market for natural rosemarine extract in North America is expected to grow at 5.7% CAGR between 2022 and 2032.
Natural rosemarine extract demand in Europe is expected to grow at 8.1% CAGR between 2022 and 2032.
Growing demand for natural ingredients across industries like food & beverage, pharmaceutical, and cosmetics and growing awareness about the multiple health benefits of rosemarine are some of the key trends shaping the market.
Natural rosemarine extract sales are likely to grow at 6.5% CAGR between 2022 and 2032.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Analysis 2017 to 2021 and Forecast 2022 to 2032, By Form 5.1. Powder 5.2. Liquid 6. Global Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application 6.1. Food and Beverage 6.2. Pharmaceuticals 6.3. Nutraceuticals 6.4. Cosmetics and Personal Care 6.5. Pet Food 6.6. Animal Feed 7. Global Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. East Asia 7.5. South Asia 7.6. Oceania 7.7. MEA 8. North America Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9. Latin America Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Europe Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. East Asia Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. South Asia Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. Oceania Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. MEA Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 15. Key Countries Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Monteloeder 17.2. Kemin Industries 17.3. Frutarom Industries Ltd. 17.4. Geneham Pharmaceutical Co., Ltd. 17.5. Foodchem International Corporation 17.6. KINGHERBS 17.7. Flavex Naturextrakte GmbH 17.8. Kalsec Inc. 17.9. Merck KGaA 17.10. Vitiva d.d. 17.11. Hainan Super Biotech Co., Ltd 17.12. Naturex S.A. 17.13. E. I. du Pont de Nemours and Company 18. Assumptions & Acronyms Used 19. Research Methodology
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