Rosemary Extract Market Size was valued at USD 1.1 Billion in 2022. The Rosemary Extract market industry is projected to grow from USD 1.157 Billion in 2023 to USD 1.735 Billion by 2032, exhibiting a compound yearly growth rate (CAGR) of 5.20% during the forecast period (2023 - 2032). Increased consumer demand for the natural and clean-label ingredients in various industries and rising awareness and adoption of rosemary extract are the key market drivers enhancing the market growth.
Source: The Secondary Research, Primary Research, MRFR Database and Analyst Review
Rosemary Extract Market Trends
Market CAGR for rosemary extract is being driven by the rising the consumer demand for natural and clean label ingredients in various industries, including food, cosmetics, and pharmaceuticals, which significantly drives the market for rosemary extract. Consumers are increasingly seeking products with ingredients that are perceived as natural, minimally processed, and free from synthetic additives. Rosemary extract, derived from the herb Rosemarinus officinalis, aligns with these preferences due to its natural origin and potential health benefits.
Consumers are becoming more conscious about the ingredients in the products they use and consume. Rosemary extract, as a natural ingredient, fits into the "clean label" trend, which emphasizes transparency and simplicity in product formulations. Rosemary extract is famous for its antioxidant properties, attributed to compounds like rosmarinic acid and carnosic acid. In the context of food, cosmetics, and pharmaceuticals, these antioxidants can play a role in preserving product quality and stability, contributing to the appeal of rosemary extract as a natural ingredient. The perceived health benefits of rosemary extract, including anti-inflammatory and antimicrobial properties, resonate with consumers who are increasingly prioritizing wellness. In pharmaceuticals and skincare products, rosemary extract may be incorporated for its potential positive effects on skin health and overall well-being. In the food industry, rosemary extract is often used as a the natural flavor enhancer and preservative. It can impart a unique taste and aroma to products, serving as a natural alternative to synthetic additives, which aligns with the demand for natural and authentic flavors.
Consumers are not only concerned about the health aspects of products but also the environmental and ethical implications. Rosemary extract, when sourced sustainably, can appeal to environmentally conscious consumers who seek products with a lower environmental impact. The regulatory landscape, which is increasingly emphasizing the use of natural ingredients and clean labels, supports the growth of rosemary extract in various applications. This includes regulations related to food labeling and safety, as well as the formulation of cosmetics and pharmaceutical products. Increased consumer awareness of the antioxidant and anti-inflammatory properties of rosemary extract has led to a growing demand for natural and health-conscious products. As individuals become more conscious of their well-being, there is a heightened interest in incorporating natural ingredients like rosemary extract into dietary supplements, cosmetics, and functional foods. Thus driving the Rosemary Extract market revenue.
Rosemary Extract Market Segment Insights
Rosemary Extract Form Insights
The Rosemary Extract Market segmentation, based on form, includes Liquid, Powder, and Others. The liquid segment dominates the market, accounting for the largest market revenue due to its versatility and ease of incorporation across diverse industries. Liquid rosemary extract offers manufacturers flexibility in formulation, making it well-suited for applications in food and beverages, cosmetics, and pharmaceuticals. Its liquid state allows for uniform distribution and better solubility, ensuring consistent and efficient integration into various products. Moreover, liquid rosemary extract is often preferred for its convenience in large-scale production processes, catering to the demand for natural ingredients in a wide array of consumer goods.
Figure 1: Rosemary Extract Market, by Form, 2022 & 2032 (USD Billion)
Source: The Secondary Research, Primary Research, MRFR Database and Analyst Review
Rosemary Extract Application Insights
The Rosemary Extract Market segmentation, based on application, includes Food, Beverages, Personal Care, Nutraceutical, Pharmaceutical, and Others. The food category dominates the market due to its versatile use as a natural antioxidant and preservative. Its ability to spread the shelf life of food products while maintaining their quality makes it a preferred choice for food manufacturers aiming to meet consumer demand for cleaner labels and healthier options. On the other hand, the personal care application is the fastest growing segment as consumers increasingly seek natural and sustainable ingredients in beauty and skincare products. Rosemary extract's anti-inflammatory and antimicrobial properties make it popular in personal care formulations, driving its rapid adoption in the cosmetics industry.
Rosemary Extract Sales Channel Insights
The Rosemary Extract Market segmentation, based on sales channels, includes Direct Sales and Indirect Sales. The direct sales category dominates the market due to its ability to establish direct connections with consumers and provide personalized interactions. By bypassing intermediaries, such as retailers, direct sales enable companies to convey the unique benefits of their rosemary extract products more effectively. This approach fosters trust and loyalty among consumers who appreciate direct engagement and information sharing. Ultimately, the direct sales channel's agility and direct communication contribute to its market dominance in promoting and selling rosemary extract.
Rosemary Extract Regional Insights
By region, the study gives market insights into the North America, Europe, Asia-Pacific, and the Rest of the World. The North American Rosemary Extract market area dominates this market due to a pervasive trend toward health and wellness, with consumers seeking natural ingredients for dietary supplements and functional foods. The region's robust demand for clean-label products has driven the widespread incorporation of rosemary extract.
Further, the prime countries studied in the market report are The US, Canada, Germany, France, the UK, Italy, Spain, Japan, China, India, Australia, South Korea, and Brazil.
Figure 2: ROSEMARY EXTRACT MARKET SHARE BY REGION 2022 (USD Billion)
Source: The Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe's Rosemary Extract market accounts for the second-largest market share due to the region's strong focus on natural and organic products and the increasing demand for clean-label ingredients. Further, the German Rosemary Extract market held the largest market share, and the UK Rosemary Extract market was the rapid-growing market in European region.
The Asia-Pacific Rosemary Extract Market is forseen to grow at the fastest CAGR from the year 2023 to 2032. This is due to the increasing adoption of natural and functional ingredients in the food, cosmetic, and pharmaceutical industries. Moreover, China’s Rosemary Extract market held the largest market share, and the Indian Rosemary Extract market was the rapid-growing market in Asia-Pacific region.
Rosemary Extract Key Market Players & Competitive Insights
Leading market players are investing heavily in the research and development in order to expand their product lines, which will help the Rosemary Extract market grow even more. Market players are also undertaking a variety of strategic activities to spread their global footprint, with important market developments including mergers and acquisitions, new product launches, contractual agreements, higher investments, and collaboration with other organizations. To spread and survive in a more competitive and rising market climate, the Rosemary Extract industry must offer cost-effective items.
Manufacturing locally to minimize the operational costs is one of the key business tactics used by the manufacturers in the global Rosemary Extract industry to benefit the clients and increase the market sector. In recent years, the Rosemary Extract industry has offered some of the most significant advantages to various industries. Major players in the Rosemary Extract market, including Kemin Industries, Inc., Geneham Pharmaceutical Co., Ltd, International Flavors & Fragrances Inc., DuPont., Flavorchem Corporation, FLAVEX Naturextrakte GmbH, Kalsec Inc., Naturalin Bio-Resources Co., Ltd., Hunan E.K HERB Co., Ltd., Kerry Group plc, and others, are trying to increase market demand by investing in the research and development operations.
Frutarom, now a part of the International Flavors & Fragrances Inc. (IFF) following a merger in 2018, was a global company specializing in flavors and fragrances, as well as natural specialty fine ingredients. Before the merger, Frutarom had established itself as a key player in the food and the beverage industry, providing innovative and customized solutions to enhance the taste and sensory experiences of various consumer products. The company was known for its extensive portfolio of natural and organic ingredients, catering to the rising demand for clean-label and health-conscious products. Frutarom's global presence, research and development capabilities, and strategic acquisitions had positioned it as a leader in the flavor and fragrance market. Frutarom, a global developer and manufacturer of natural flavor and ingredient solutions, acquired Plant Extracts, a British manufacturer of rosemary extract, in April 2022. This acquisition will expand Frutarom's range of natural ingredients and give it access to Plant Extracts' expertise in extraction and purification.
Frutarom, now a part of the International Flavors & Fragrances Inc. (IFF) following a merger in 2018, was a global company specializing in flavors and fragrances, as well as natural specialty fine ingredients. Before the merger, Frutarom had established itself as a main player in the food and beverage industry, providing innovative and customized solutions to enhance the taste and sensory experiences of various consumer products. The company was known for its extensive portfolio of natural and organic ingredients, catering to the rising demand for clean-label and health-conscious products. Frutarom's global presence, research and development capabilities, and strategic acquisitions had positioned it as a leader in the flavor and fragrance market. Synthite, a global manufacturer of natural ingredients, acquired Aurachem Organics, an Indian manufacturer of rosemary extract, in December 2021. This acquisition will expand Synthite's manufacturing capabilities and give it access to Aurachem's expertise in organic cultivation and extraction.
Key Companies in the Rosemary Extract market include
Rosemary Extract Industry Developments
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.
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.
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.
Rosemary Extract Market Segmentation
Rosemary Extract Form Outlook
Rosemary Extract Application Outlook
Rosemary Extract Sales Channel Outlook
Rosemary Extract Regional Outlook
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 1.1 Billion |
| Market Size 2023 | USD 1.157 Billion |
| Market Size 2032 | USD 1.735 Billion |
| Compound Annual Growth Rate (CAGR) | 5.20% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, The Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Form, Application, Sales Channel, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, Germany, France, UK, Italy, Spain, Japan, China, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Â Kemin Industries, Inc., Geneham Pharmaceutical Co., Ltd, International Flavors & Fragrances Inc., DuPont., Flavorchem Corporation, FLAVEX Naturextrakte GmbH, Kalsec Inc., Naturalin Bio-Resources Co., Ltd., Hunan E.K HERB Co., Ltd., Kerry Group plc |
| Key Market Opportunities | ·      Rising awareness and adoption of rosemary extract. |
| Key Market Dynamics | ·      Increased consumer demand for the natural and clean-label ingredients in various industries. |
Senior Research Analyst She has over 5 years of rich experience, in market research and consulting providing valuable market insights to client. hands on expertise in management consulting, and extensive knowledge in domain including ict, automotive & transportation and aerospace & defense. she is skilled in go-to market strategy, industry analysis, market sizing, in depth company profiling, competitive intelligence & benchmarking and value chain amongst others.
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