Rosemary Extract Market
Rosemary Extract Market Forecasts to 2030 - Global Analysis By Nature (Organic and Conventional), By Form (Liquid, Powder and Other Forms), Distribution Channel, Application and By Geography
According to Stratistics MRC, the Global Rosemary Extract Market is accounted for $874.8 million in 2023 and is expected to reach $1341.7 million by 2030 growing at a CAGR of 6.3% during the forecast period. Rosemary extract is a natural compound derived from the leaves of the Rosmarinus officinalis plant. It contains bioactive components such as carnosic acid and rosmarinic acid, known for their antioxidant and antimicrobial properties. Widely used in food, cosmetics, and pharmaceuticals, rosemary extract serves as a natural preservative, flavor enhancer, and functional ingredient, offering health benefits and enhancing product quality.
According to the Environmental Working Group, 2020, American consumers spent a total of USD 20.4 billion on organic fruits and vegetables, fresh and frozen combined, in 2020, making organic produce now 15% of all fruits and vegetables sold in the U.S.
Market Dynamics:
Driver:
Increasing demand for natural ingredients in food and beverages
The rising demand for natural ingredients in food and beverages serves as a significant driver in the rosemary extract market. Consumers are increasingly seeking healthier and more wholesome products, leading to a preference for natural alternatives to synthetic additives and preservatives. Rosemary extract, with its natural antioxidant properties and flavor-enhancing capabilities, fulfills this demand by offering a clean-label solution for manufacturers. As a result, the market for rosemary extract continues to expand to meet the growing consumer preference for natural ingredients.
Restraint:
Seasonal availability and volatility in raw material prices
The growth cycle and harvest periods of rosemary plants affect raw material availability, leading to fluctuations in supply. Additionally, external factors, such as weather conditions and agricultural yields, further impact prices. These uncertainties in raw material sourcing pose challenges for manufacturers in maintaining stable production costs, pricing strategies, and supply chain management, ultimately affecting profitability and market competitiveness.
Opportunity:
Growing consumer awareness about health benefits
As consumers become more health-conscious, they seek natural and functional ingredients like rosemary extract, known for its antioxidant and antimicrobial properties. This increased awareness drives demand for products promoting wellness and disease prevention. Manufacturers can capitalize on this trend by developing innovative rosemary-based products targeting health-conscious consumers, thereby expanding their market presence and meeting the evolving needs of the health-conscious demographic.
Threat:
Limited shelf life
Limited shelf life poses a threat to the rosemary extract market due to the perishable nature of the product. Rosemary extract, being a natural ingredient, is susceptible to degradation over time, affecting its quality and efficacy. This can lead to product spoilage, reduced potency of active compounds, and loss of flavor and aroma, diminishing consumer satisfaction and brand reputation, which affects market growth.
Covid-19 Impact:
The COVID-19 pandemic has impacted the rosemary extract market, leading to disruptions in the supply chain, production delays, and changes in consumer behavior. While demand for natural ingredients like rosemary extract has remained steady, logistical challenges and economic uncertainties have affected market dynamics. Additionally, shifts towards online shopping and home cooking trends have influenced purchasing patterns, shaping the market's recovery and adaptation strategies.
The food and beverages segment is expected to be the largest during the forecast period
The food and beverages segment is poised to be the largest during the forecast period due to the widespread use of rosemary extract as a natural preservative, flavor enhancer, and functional ingredient in various food and beverage applications. Additionally, rising consumer demand for clean-label products, coupled with increasing awareness of the health benefits of natural ingredients, further drives the adoption of rosemary extract in food and beverage formulations, propelling segment growth.
The liquid segment is expected to have the highest CAGR during the forecast period
The liquid segment is projected to achieve the highest compound annual growth rate during the forecast period due to several factors. Liquid rosemary extracts offers convenience in formulation, ease of integration into various products, and efficient distribution. Additionally, the rising demand for liquid formats in food, beverage, and cosmetic applications, along with the versatility of liquid extract in diverse formulations, contribute to its expected rapid growth.
Region with largest share:
North America is positioned to dominate the rosemary extract market owing to its well-established food and beverage industry and high consumer awareness and demand for natural ingredients. Additionally, the prevalence of health-conscious lifestyles and the growing preference for clean-label products drive the adoption of rosemary extract in various applications. Furthermore, robust research and development activities, coupled with stringent regulations promoting food safety and quality, support the market's growth and dominance in North America.
Region with highest CAGR:
The Asia Pacific region anticipates rapid growth in the rosemary extract market due to increasing awareness of the health benefits of natural ingredients, rising demand for clean-label products, and growing preference for herbal remedies. Additionally, the region's rich biodiversity and favorable climatic conditions support rosemary cultivation, ensuring a stable supply of raw materials. Furthermore, expanding food, beverage, and cosmetic industries in countries like China, India, and Japan drive the market's growth by incorporating rosemary extract into various products.
Key players in the market
Some of the key players in Rosemary Extract Market include Arjuna Natural Pvt Ltd., Danisco (DuPont), Döhler Group, FLAVEX Naturextrakte GmbH, Frutarom Industries Ltd., Guangxi Yulin Jiahe Bio-tech Co., Ltd., International Flavors & Fragrances Inc., Kalsec Inc., Kemin Industries, Inc., Kervan Gida, Monteloeder, Naturex S.A., Nexira, Nutra Green Biotechnology Co., Ltd., Radient Technologies Inc., Robertet Group, Sabinsa Corporation, Shaanxi Guanjie Technology Co., Ltd. and Synthite Industries Ltd.
Key Developments:
In October 2023, Naturex, a global leader in natural ingredients, acquired Herboris, a Spanish manufacturer of rosemary extract. This acquisition will strengthen Naturex's position in the rosemary extract market and expand its range of natural ingredients.
In September 2023, Sabinsa, a global developer of botanical ingredients, acquired Interhealth Nutraceuticals, a Canadian manufacturer of rosemary extract. This acquisition will expand Sabinsa's product portfolio and give it access to Interhealth's proprietary extraction technology.
In August 2023, Kemin Industries, a global leader in specialty ingredients for the food, pharmaceutical, and animal health industries, acquired NEOGEN Corporation's natural products division, which includes a rosemary extract business. This acquisition will expand Kemin's portfolio of natural ingredients and give it access to NEOGEN's expertise in food safety and quality control.
Natures Covered:
• Organic
• Conventional
Forms Covered:
• Liquid
• Powder
• Other Forms
Distribution Channels Covered:
• Direct Sales
• Indirect Sales
Applications Covered:
• Food
• Pharmaceuticals
• Cosmetics
• Dietary Supplements
• Pet Food and Animal Feed
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Rosemary Extract Market, By Nature
5.1 Introduction
5.2 Organic
5.3 Conventional
6 Global Rosemary Extract Market, By Form
6.1 Introduction
6.2 Liquid
6.3 Powder
6.4 Other Forms
7 Global Rosemary Extract Market, By Distribution Channel
7.1 Introduction
7.2 Direct Sales
7.3 Indirect Sales
7.3.1 Convenience Stores
7.3.2 Specialty Stores
7.3.3 E-commerce
8 Global Rosemary Extract Market, By Application
8.1 Introduction
8.2 Food
8.2.1 Bakery and Confectionery
8.2.2 Beverages
8.2.3 Dairy and Frozen Desserts
8.2.4 Meat and Poultry Products
8.2.5 Other Foods
8.3 Pharmaceuticals
8.4 Cosmetics
8.5 Dietary Supplements
8.6 Pet Food and Animal Feed
8.7 Other Applications
9 Global Rosemary Extract Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Arjuna Natural Pvt Ltd.
11.2 Danisco (DuPont)
11.3 Döhler Group
11.4 FLAVEX Naturextrakte GmbH
11.5 Frutarom Industries Ltd.
11.6 Guangxi Yulin Jiahe Bio-tech Co., Ltd.
11.7 International Flavors & Fragrances Inc.
11.8 Kalsec Inc.
11.9 Kemin Industries, Inc.
11.10 Kervan Gida
11.11 Monteloeder
11.12 Naturex S.A.
11.13 Nexira
11.14 Nutra Green Biotechnology Co., Ltd.
11.15 Radient Technologies Inc.
11.16 Robertet Group
11.17 Sabinsa Corporation
11.18 Shaanxi Guanjie Technology Co., Ltd.
11.19 Synthite Industries Ltd.
List of Tables
1 Global Rosemary Extract Market Outlook, By Region (2021-2030) ($MN)
2 Global Rosemary Extract Market Outlook, By Nature (2021-2030) ($MN)
3 Global Rosemary Extract Market Outlook, By Organic (2021-2030) ($MN)
4 Global Rosemary Extract Market Outlook, By Conventional (2021-2030) ($MN)
5 Global Rosemary Extract Market Outlook, By Form (2021-2030) ($MN)
6 Global Rosemary Extract Market Outlook, By Liquid (2021-2030) ($MN)
7 Global Rosemary Extract Market Outlook, By Powder (2021-2030) ($MN)
8 Global Rosemary Extract Market Outlook, By Other Forms (2021-2030) ($MN)
9 Global Rosemary Extract Market Outlook, By Distribution Channel (2021-2030) ($MN)
10 Global Rosemary Extract Market Outlook, By Direct Sales (2021-2030) ($MN)
11 Global Rosemary Extract Market Outlook, By Indirect Sales (2021-2030) ($MN)
12 Global Rosemary Extract Market Outlook, By Convenience Stores (2021-2030) ($MN)
13 Global Rosemary Extract Market Outlook, By Specialty Stores (2021-2030) ($MN)
14 Global Rosemary Extract Market Outlook, By E-commerce (2021-2030) ($MN)
15 Global Rosemary Extract Market Outlook, By Application (2021-2030) ($MN)
16 Global Rosemary Extract Market Outlook, By Food (2021-2030) ($MN)
17 Global Rosemary Extract Market Outlook, By Bakery and Confectionery (2021-2030) ($MN)
18 Global Rosemary Extract Market Outlook, By Beverages (2021-2030) ($MN)
19 Global Rosemary Extract Market Outlook, By Dairy and Frozen Desserts (2021-2030) ($MN)
20 Global Rosemary Extract Market Outlook, By Meat and Poultry Products (2021-2030) ($MN)
21 Global Rosemary Extract Market Outlook, By Other Foods (2021-2030) ($MN)
22 Global Rosemary Extract Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
23 Global Rosemary Extract Market Outlook, By Cosmetics (2021-2030) ($MN)
24 Global Rosemary Extract Market Outlook, By Dietary Supplements (2021-2030) ($MN)
25 Global Rosemary Extract Market Outlook, By Pet Food and Animal Feed (2021-2030) ($MN)
26 Global Rosemary Extract Market Outlook, By Other Applications (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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