Rose extracts market size to grow by USD 134.2 million at a CAGR of 6% by 2027, Driven by growing applications in the food and beverage industry - Technavio

NEW YORK, June 13, 2023 /PRNewswire/ -- The rose extracts market size is set to grow by USD 134.2 million between 2023 and 2027 and register a CAGR of 6%, according to Technavio's latest market research report estimates. With a focus on identifying dominant industry influencers, Technavio's reports present a detailed study by way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment.

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Rose Extract Market 2023-2027: Segmentation

• Product 
• Rose Oil
• Rose Hip Fruit Extract
• Rose Water
• Application 
• Fragrance And Cosmetics
• Pharmaceuticals
• Food And Beverages
• Geography 
• Europe
• North America
• APAC
• South America
• Middle East and Africa

The market share growth in the rose oil segment will be significant during the forecast period. The petals of roses are used to extract rose oil. The two main species of roses that are used to produce rose oil are Rosa damascena and Rosa centifolia. The cultivation of Rosa Damascena is done in countries such as Turkey, Bulgaria, Syria, Pakistan, Russia, India, Uzbekistan, Iran, and China while the cultivation of Rosa centifolia in France, Morocco, and Egypt. Furthermore, the therapeutic properties of Rose oil are utilized in antispasmodic, antiviral, and antiseptic. Eczema and menstrual problems can be treated with the help of rose oil. It helps boost blood circulation in the body which acts as a tonic for the liver, heart, stomach, and uterus. The awareness about the health benefits of rose essential oil will drive the growth of the rose oil segment during the forecast period.

Rose Extract Market 2023-2027: Vendor Analysis and Scope

To help businesses improve their market position, the rose extract market provides a detailed analysis of around 15+ vendors operating in the market. Some of these vendors include Afriplex Pty Ltd., Alba Grups Ltd., Alteya Inc., Aromaaz International, Ecomaat Ltd., Ernesto Ventos SA, Firmenich SA, Hangzhou New Asia International Co. Ltd., Honeyberry International LLP, India Essential Oils, Kanha Nature Oils, Oshadhi Ltd., Sakha International, Thracian Oils Ltd., Vaibhav Perfumery, Wild Hibiscus Flower Co., Xian Peihong Biotechnology Co. Ltd., Young Living Essential Oils LC, Zahra Rosewater Co., and First Natural Brands Ltd.

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Vendor Offerings -

• Alba Grups Ltd. - The company offers rose extract which is an essential oil steam distilled from fresh roses using alcohol which is a clear pale yellow liquid. 
• Aromaaz International - The company offers rose extract which can be used as a skincare regimen.
• Ecomaat Ltd. - The company offers rose extract which is extracted from the plant's raw material by steam and later
• For details on the vendor and its offerings – Request a sample report

The report also covers the following areas:

• Rose Extract Market size
• Rose Extract Market trends
• Rose Extract Market industry analysis

Rose extracts market – Market Dynamics

Key drivers - The growing applications in the food and beverage industry are the key drivers supporting the market's growth. Rose extract is a popular flavoring agent that may be used in a variety of desserts like sugar cookies, creme brulee, and more. Rose water is widely used in Asian and Middle Eastern cuisines, particularly in sweet dishes. It adds a unique flavor to treats such as Turkish delight (loukoum) and gulab jamuns. It is a key ingredient in the popular yogurt-based drink lassi in India. In Iran, rose water is commonly added to cookies, tea, ice creams, and other sweets. In addition, Rose extracts are included in functional foods and drinks due to their potential health advantages; they contain natural antioxidants, vitamins, and minerals that may improve skin health, digestion, and general well-being. Therefore, all these factors are expected to boost the growth of the market during the forecast period.

Major Trends - A growing preference for aromatherapy for stress relief is one of the key market trends contributing to market growth. Rose oil, which is used in aromatherapy, has relaxing properties that can benefit the body. It is known to help with the treatment of depression and anxiety. In recent years, there has been a strong focus on self-care and wellness, with consumers seeking natural and holistic approaches to stress management and mental health improvement. Aromatherapy with rose extracts fits in with these trends because it is a non-invasive and joyful technique to practice self-care and improve emotional well-being.  The demand for premium health and wellness products is being driven by factors such as high per capita disposable income in developed economies and a growing health consciousness among individuals worldwide. This trend has led to an increased demand for natural stress relief solutions, creating a positive outlook for the global utilization of rose extracts during the forecast period.

Major Challenges - The availability of counterfeit products in the market is the major factor impeding market growth. The presence of numerous counterfeit products in the market poses a challenge for customers to distinguish them from authentic ones. This situation hinders the growth of the market. Counterfeit products often contain low-quality seed oils that closely resemble pure essential rose oil, and they are typically sold at similar price points as genuine products. The market is affected by the presence of unorganized vendors who sell counterfeit essential oils. This situation not only leads to financial losses for genuine vendors but also undermines their credibility. Moreover, the use of counterfeit rose oil, rose extract, or rose water can potentially cause skin infections or allergies. As a result, the availability of counterfeit products significantly restricts the growth of the rose extract market.

Rose Extract Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist rose extract market growth during the next five years.
• Estimation of the rose extract market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the rose extract market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of rose extract market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market Overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart of Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market Definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market Size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global rose extract market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on global rose extract market 2017 - 2021 ($ million)

• 4.2 Product Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.3 Application Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments
• Exhibit 30: Chart on Product - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 Rose oil - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Rose oil - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Rose oil - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Rose oil - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Rose oil - Year-over-year growth 2022-2027 (%)

• 6.4 Rose hip fruit extract - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Rose hip fruit extract - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Rose hip fruit extract - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Rose hip fruit extract - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Rose hip fruit extract - Year-over-year growth 2022-2027 (%)

• 6.5 Rose water - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Rose water - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Rose water - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Rose water - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Rose water - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Product 
• Exhibit 46: Market opportunity by Product ($ million)
• Exhibit 47: Data Table on Market opportunity by Product ($ million)

7 Market Segmentation by Application

• 7.1 Market segments
• Exhibit 48: Chart on Application - Market share 2022-2027 (%)
• Exhibit 49: Data Table on Application - Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 50: Chart on Comparison by Application
• Exhibit 51: Data Table on Comparison by Application

• 7.3 Fragrance and cosmetics - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Fragrance and cosmetics - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Fragrance and cosmetics - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Fragrance and cosmetics - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Fragrance and cosmetics - Year-over-year growth 2022-2027 (%)

• 7.4 Pharmaceuticals - Market size and forecast 2022-2027 
• Exhibit 56: Chart on Pharmaceuticals - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Pharmaceuticals - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Pharmaceuticals - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Pharmaceuticals - Year-over-year growth 2022-2027 (%)

• 7.5 Food and beverages - Market size and forecast 2022-2027 
• Exhibit 60: Chart on Food and beverages - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Data Table on Food and beverages - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Chart on Food and beverages - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Food and beverages - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Application 
• Exhibit 64: Market opportunity by Application ($ million)
• Exhibit 65: Data Table on Market opportunity by Application ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 67: Chart on Market share by geography 2022-2027 (%)
• Exhibit 68: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 69: Chart on Geographic comparison
• Exhibit 70: Data Table on Geographic comparison

• 9.3 Europe - Market size and forecast 2022-2027 
• Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027 
• Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027 
• Exhibit 79: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 83: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 91: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 Germany - Market size and forecast 2022-2027 
• Exhibit 95: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.10 China - Market size and forecast 2022-2027 
• Exhibit 99: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.11 UK - Market size and forecast 2022-2027 
• Exhibit 103: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.12 France - Market size and forecast 2022-2027 
• Exhibit 107: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 108: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 109: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 111: Market opportunity by geography ($ million)
• Exhibit 112: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 113: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 114: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 115: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 116: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 117: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 118: Matrix on vendor position and classification

• 12.3 Afriplex Pty Ltd.
• Exhibit 119: Afriplex Pty Ltd. - Overview
• Exhibit 120: Afriplex Pty Ltd. - Product / Service
• Exhibit 121: Afriplex Pty Ltd. - Key offerings

• 12.4 Alba Grups Ltd.
• Exhibit 122: Alba Grups Ltd. - Overview
• Exhibit 123: Alba Grups Ltd. - Product / Service
• Exhibit 124: Alba Grups Ltd. - Key offerings

• 12.5 Alteya Inc.
• Exhibit 125: Alteya Inc. - Overview
• Exhibit 126: Alteya Inc. - Product / Service
• Exhibit 127: Alteya Inc. - Key offerings

• 12.6 Aromaaz International 
• Exhibit 128: Aromaaz International - Overview
• Exhibit 129: Aromaaz International - Product / Service
• Exhibit 130: Aromaaz International - Key offerings

• 12.7 Ecomaat Ltd.
• Exhibit 131: Ecomaat Ltd. - Overview
• Exhibit 132: Ecomaat Ltd. - Product / Service
• Exhibit 133: Ecomaat Ltd. - Key offerings

• 12.8 Ernesto Ventos SA
• Exhibit 134: Ernesto Ventos SA - Overview
• Exhibit 135: Ernesto Ventos SA - Product / Service
• Exhibit 136: Ernesto Ventos SA - Key offerings

• 12.9 Firmenich SA
• Exhibit 137: Firmenich SA - Overview
• Exhibit 138: Firmenich SA - Product / Service
• Exhibit 139: Firmenich SA - Key offerings

• 12.10 First Natural Brands Ltd. 
• Exhibit 140: First Natural Brands Ltd. - Overview
• Exhibit 141: First Natural Brands Ltd. - Product / Service
• Exhibit 142: First Natural Brands Ltd. - Key offerings

• 12.11 Hangzhou New Asia International Co. Ltd. 
• Exhibit 143: Hangzhou New Asia International Co. Ltd. - Overview
• Exhibit 144: Hangzhou New Asia International Co. Ltd. - Product / Service
• Exhibit 145: Hangzhou New Asia International Co. Ltd. - Key offerings

• 12.12 Honeyberry International LLP 
• Exhibit 146: Honeyberry International LLP - Overview
• Exhibit 147: Honeyberry International LLP - Product / Service
• Exhibit 148: Honeyberry International LLP - Key offerings

• 12.13 India Essential Oils
• Exhibit 149: India Essential Oils - Overview
• Exhibit 150: India Essential Oils - Product / Service
• Exhibit 151: India Essential Oils - Key offerings

• 12.14 Kanha Nature Oils
• Exhibit 152: Kanha Nature Oils - Overview
• Exhibit 153: Kanha Nature Oils - Product / Service
• Exhibit 154: Kanha Nature Oils - Key offerings

• 12.15 Thracian Oils Ltd.
• Exhibit 155: Thracian Oils Ltd. - Overview
• Exhibit 156: Thracian Oils Ltd. - Product / Service
• Exhibit 157: Thracian Oils Ltd. - Key offerings

• 12.16 Wild Hibiscus Flower Co. 
• Exhibit 158: Wild Hibiscus Flower Co. - Overview
• Exhibit 159: Wild Hibiscus Flower Co. - Product / Service
• Exhibit 160: Wild Hibiscus Flower Co. - Key offerings

• 12.17 Young Living Essential Oils LC 
• Exhibit 161: Young Living Essential Oils LC - Overview
• Exhibit 162: Young Living Essential Oils LC - Product / Service
• Exhibit 163: Young Living Essential Oils LC - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 164: Inclusions checklist
• Exhibit 165: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 166: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 167: Research methodology
• Exhibit 168: Validation techniques employed for market sizing
• Exhibit 169: Information sources

• 13.5 List of abbreviations 
• Exhibit 170: List of abbreviations

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