The global rosmarinic acid market size is expected to expand from USD 130.02 million in 2023 to USD 309.56 million by 2033. Over the forecast period from 2023 to 2033, global rosmarinic acid sales are likely to rise at a CAGR of 9.1%.
In 2022, the worldwide rosmarinic acid industry was valued at USD 118.4 million and it is set to exhibit Y-o-Y growth of 7.2% in 2023.
Adoption of rosmarinic acid is anticipated to remain high in food & beverage sector. This is due to rising need for protecting food items from spoilage and extending their shelf life. As per Future Market Insights (FMI), food and beverage segment is expected to hold about 43.4% share of the target market in 2023.
Key Trends Listed by Future Market Insights (FMI):
Rosmarinic acid is a type of phenolic compound found in a variety of plants. Specifically, there seems to be growing interest in the potential medicinal applications of rosmarinic acid, particularly for treating inflammation-related conditions such as arthritis, eczema, psoriasis, gastritis, and colitis.
Several researches suggest that rosmarinic acid may offer protective effects against oxidative stress and neurodegenerative diseases. It is also receiving increasing attention in skincare products for improving skin appearance and reducing redness caused by rosacea.
Rosmarinic acid is mostly known for its potent anti-inflammatory and antioxidant properties. Research has shown it may have antiviral, antibacterial, pain-relieving, and potential anticancer effects. Thanks to these properties, demand for rosmarinic acid is set to rise at a robust pace through 2033.
Rosmarinic acid can neutralize free radicals in the body. As a result, it can prevent the development of several health issues, including chronic diseases.
Since ancient times, people have utilized rosmarinic acid-rich herbs such as rosemary in traditional medical practices to treat a variety of conditions, including pain, headaches, and spasms.
Increasing demand for rosmarinic acid from the thriving food & beverage sector is playing a key role in boosting the rosmarinic acid market.
Rosmarinic acid is widely used as a natural preservative and antioxidant in a variety of food and beverage products. This is because it can help to extend shelf life of products and maintain their freshness.
Escalating demand for natural food additives due to rising health awareness is anticipated to bolster rosmarinic acid sales during the projection period.
Growing usage of rosmarinic acid in animal feeds is another key factor expected to boost the target market during the assessment period.
Rosmarinic acid (RA), a natural feed additive, has shown promising outcomes as a feed additive in increasing growth, reproductive performance, feed consumption, fertility, anti-oxidant status, and immunologic indices in livestock.
Rosmarinic acid's antioxidant properties also make it popular in cosmetics and personal care products. Advancements in extraction techniques have improved production capacity, meeting the growing demand for this natural compound.
Ongoing research for exploring the potential benefits and applications of rosmarinic acid is acting as a catalyst for fueling market growth.
| Attributes | Key Insights |
|---|---|
| Rosmarinic Acid Market Estimated Size (2023E) | USD 130.0 million |
| Projected Market Value (2033F) | USD 309.6 million |
| Value-based CAGR (2023 to 2033) | 9.1% |
| Top 3 Countries’ Value | USD 59.7 million |
| Top 3 Countries’ Value Market Share | 46% |
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According to the Future Market Insights (FMI) analysis, global rosmarinic acid sales grew at a CAGR of 7.2% historically from 2018 to 2022. For the forecast period, the worldwide rosmarinic acid market is projected to progress at 9.1% CAGR.
Over the years, there has been an increasing interest in consumers regarding natural and plant-based ingredients globally. This growing interest positively impacts the demand for rosmarinic acid due to its various end-use applications and health benefits.
The global rosmarinic acid market is expected to witness lucrative growth during the forecast period. This is due to factors such as increasing consumer awareness about its potential health benefits, availability, and end-use applications.
Similarly, rising applications in sectors such as food & beverage, pharma, and cosmetics, etc. are set to contribute to market growth.
The rising preference for natural ingredients and increasing research and development of new applications of rosmarinic acid are expected to further boost the target market.
Widening applications of rosmarinic acid in the dietary supplements sector is emerging as a key factor expected to fuel market expansion.
The potential health benefits of rosmarinic acid are attracting dietary supplement manufacturers to use this substance in their products.
Rosmarinic acid is associated with several health benefits. It has powerful anti-inflammatory properties, and research suggests that it may help treat inflammatory conditions like arthritis, asthma, and atopic dermatitis.
Rosmarinic acid has antioxidant effects, which can provide several benefits, such as reducing or inhibiting cellular damage and protecting against a process called oxidative stress. Oxidative stress is linked to several chronic health conditions, including heart disease, certain cancers, and diabetes.
Rosmarinic acid also offers other potential health benefits. For instance, it has anticancer effects and protects against allergies, depression, and cognitive disorders. These properties are prompting dietary supplement manufacturers to use this acid which in turn is expected to boost the rosmarinic acid market.
| Region | North America |
|---|---|
| Country | United States |
| CAGR | 7.1% |
| BPS Analysis | -291 |
| Market Value (2033) | USD 102.4 million |
| Region | Europe |
|---|---|
| Country | United Kingdom |
| CAGR | 8.6% |
| BPS Analysis | -14 |
| Market Value (2033) | USD 17.1 million |
| Region | Asia Pacific |
|---|---|
| Country | China |
| CAGR | 9.4% |
| BPS Analysis | -504 |
| Market Value (2033) | USD 17.2 million |
| Region | Asia Pacific |
|---|---|
| Country | India |
| CAGR | 10.4% |
| BPS Analysis | -455 |
| Market Value (2033) | USD 13.3 million |
| Region | Asia Pacific |
|---|---|
| Country | Japan |
| CAGR | 11.3% |
| BPS Analysis | 308 |
| Market Value (2033) | USD 13.5 million |
As per Future Market Insights (FMI), China rosmarinic acid market is expected to reach a valuation of around USD 17.2 million by 2033. It is likely to hold a dominant value share of 73.1% in the East Asia market.
China is historically dominant in the Asia rosmarinic acid industry and it is expected to remain dominant during the forecast period. This is due to its technological advancement in manufacturing and easy availability of raw materials at lower costs.
China has a favorable climatic environment for cultivating plants rich in rosmarinic acid such as basil, rosemary, and sage which offer china excessive availability of raw materials.
Chinese manufacturers often benefit from lower labor and operational costs compared to other countries in the region or globally.
Advanced extraction techniques and robust manufacturing infrastructure allow manufacturers to efficiently produce rosmarinic acid at competitive prices. This cost advantage contributes to their competitiveness within the market.
Domestic demand in China for rosmarinic acid is high due to its large population and growing interest in health-beneficial natural products. This acid is being increasingly utilized in sectors such as food & beverage and cosmetics.
According to Future Market Insights’ (FMI’s) analysis, the United States holds around 35.8% share in the global market. Over the projection period, rosmarinic acid demand in the United States is set to thrive at a CAGR of 7.1%.
Growing consumer demand for natural and plant-based products is a key factor boosting the United States rosmarinic acid market.
In recent years, demand for products such as rosmarinic acid has been on the rise owing to their potential health benefits. For instance, rosmarinic acid possesses antioxidant and anti-inflammatory properties that could be linked with various benefits.
Rosmarinic acid also exhibits anticancer activity by regulating oxidative stress, chronic inflammation, cell cycle, apoptosis, and metastasis. Due to this, it has potential application in anti-tumor drug development which attracts drug manufacturers across the region.
Consumers have become more health-conscious as they seek out healthier options such as rosmarinic acid as replacements for traditional chemical preservatives.
Rosmarinic acid products are becoming broadly offered in online stores and supermarkets. This makes them more accessible to consumers and will boost rosmarinic acid sales revenue in the country.
Principal Consultant
Based on application, adoption of rosmarinic acid is expected to remain high in food & beverages during the assessment period. As per Future Market Insights (FMI), with a rosmarinic acid market share of around 43.4%, the food & beverages application segment is projected to reach a valuation of USD 22.6 million in 2023.
A naturally occurring polyphenol in the rosemary plant is rosmarinic acid. Due to its antioxidant and antibacterial qualities, rosmarinic acid is a perfect substitute for synthetic antioxidants used in food preservation.
By preventing oxidation of oils, browning of fruit & baked items, microbial growth, and the staining of raw meat, rosmarinic acid demonstrates its potency.
Several natural products and food supplements, containing rosmarinic acid, are marketed with claims for beneficial health effects.
Rosmarinic acid is approved for use as a natural antioxidant and/or preservative in the food & beverages sector globally. This is due to the potential benefit of rosmarinic acid to inhibition of lipid peroxidation and bacterial growth.
Leading food manufacturers use rosmarinic acid in food products because it helps reduce spoilage, maintain freshness, and increase shelf life. Hence, rising demand for rosmarinic acid from the food & beverage sector is set to fuel rosmarinic acid market expansion during the assessment period.
Leading rosmarinic acid manufacturers are investing heavily in research & development to explore new application areas of rosmarinic acid. They are also using strategies such as distribution agreements, mergers, partnerships, acquisitions, collaborations, advertisements, and celebrity endorsements to gain a competitive edge in the market.
For instance:
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| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 130.0 million |
| Projected Market Value (2033) | USD 309.6 million |
| Anticipated Growth Rate (2023 to 2033) | 9.1% CAGR |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | Volume (MT) and Value (USD Million) |
| Key Regions Covered | Latin America; North America; Europe; South Asia; East Asia; Oceania; and Middle East & Africa |
| Key Countries Covered | Canada, United States, Mexico, Brazil, Chile, Peru, Argentina, Germany, France, Italy, Spain, United Kingdom, Netherlands, Belgium, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Central Africa, and others |
| Key Market Segments Covered | Product Type, Form, Application and Region |
| Key Companies Profiled | Naturex (part of Givaudan); Kalsec Inc.; Nutra Green Biotechnology Co., Ltd.; Layn Natural Ingredients Corp.; Blue California; Hunan E.K Herb Co., Ltd; Monteloeder; Kingherbs Limited; Hunan Nutramax Inc.; Changsha Vigorous-Tech Co., Ltd.; Shaanxi Yi An Biological Technology Co., Ltd |
The United States, the United Kingdom, and China dominate the global market.
The market is forecast to register a CAGR of 9.1% through 2033.
From 2018 to 2022, the market registered a CAGR of 7.2%.
The growing demand for improved skin care disrupts the current market trends.
The global market size is likely to reach USD 309.6 million by 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. >96% Purity 5.2. <=97% Purity 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Form 6.1. Powder 6.2. Liquid 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 7.1. Food and Beverage 7.2. Pharmaceuticals 7.3. Nutraceuticals 7.4. Cosmetics & Personal Care 7.5. Animal Feed 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. East Asia 8.5. South Asia 8.6. Oceania 8.7. Middle East & Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East & Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Naturex (part of Givaudan) 18.2. Kalsec Inc. 18.3. Nutra Green Biotechnology Co., Ltd. 18.4. Layn Natural Ingredients Corp. 18.5. Hunan E.K Herb Co., Ltd 18.6. Monteloeder 18.7. Kingherbs Limited 18.8. Hunan Nutramax Inc. 18.9. Changsha Vigorous-Tech Co., Ltd. 18.10. Shaanxi Yi An Biological Technology Co., Ltd 18.11. Others 19. Assumptions & Acronyms Used 20. Research Methodology
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Rosmarinic Acid Market
