Rosehip Oil Market Size, Share, Growth, and Industry Growth By Type (Essential Oil and Compound Oil) By Application (Skin Care and Hair Care) Regional Forecast (2022-2027)

REPORT OVERVIEW

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The global rosehip oil market size was USD 124 million in 2020. The COVID-19 pandemic has negatively affected several markets globally. This market is expected to grow slowly during the COVID-19 pandemic. As per our research, the market is projected to touch USD 249.4 million by 2027, exhibiting a CAGR of 10.5% during the forecast period. The sudden spike in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Rosehips are the rosebush's fruit. Roses produce vivid reddish-orange, spherical fruit after they die and are left on the shrub. The little edible fruits are said to have therapeutic properties. Vitamins C and A are found in rosehip oil. It also contains oleic acid, palmitic acid, linoleic acid, and gamma linolenic acid, which are all important fatty acids. It also contains vitamin F, a fatty acid composed of linoleic and alpha-linoleic acids. Rosehip oil is high in antioxidants and helps to keep skin moist. There isn’t much research confirming its usefulness because it's an alternative and supplemental medicine. Its value as a safe skin care product is backed up by anecdotal evidence.

The rosehip oil sector has experienced exceptional growth, which is expected to continue in the coming years. Rising investments in research and development activities, the entry of new players, product innovation, technological breakthroughs, effective resource allocation, and growing competition among business rivals to expand its regional and customer base are all factors contributing to the rosehip oil industry's growth. In the near future, favorable government policies and incentives, as well as favorable laws, are expected to determine the expansion of the rosehip oil market. Customers' spending capacity will expand as their disposable income rises, further contributing to rosehip oil's market profits.

COVID-19 Impact: Shutdown of Operations and Supply Network Disruption to Impede Sales. 

The COVID-19 virus has wreaked havoc on practically every business on the planet, including the rosehip oil industry. Rosehip oil for skin and hair care is in short supply due to a change in consumer demand toward vital commodities. Furthermore, the work-from-home trend has led in people staying at home and avoiding commuting, resulting in reduced impact on skin and hair, affecting product consumption further. Consumers were ingesting goods that could improve the body's immunity during the coronavirus pandemic. This feature has encouraged the market to enhance the manufacture of such products, resulting in market growth.

LATEST TRENDS

"Increasing Adoption in Various Applications to Bolster Market Progress"

Rosehip is an herb that belongs to the Rosaceae family. Rosehips are the fruit of the rose plant that ripens in the summer and autumn after the plant has been fertilized. The rosehip is the spherical base of the rose blossom. Rosehips are made up of the seeds of the rose plant. To produce remedies, the seeds of the rose and the dried hips of the rose are crushed and combined together. Vitamin C is abundant in fresh rose hips, which aids in the treatment of flu, colds, and vitamin C deficiency. Rose hips are used to manufacture a range of goods in the food and beverage business, including tea, jam, soup, pies, and more.

Segmentation

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• By Type Analysis

By type, the market is segmented into extra Essential Oil and Compound Oil

The extra virgin camellia oil segment is expected to lead because it is highly rich in vitamin A and C. It also contains vitamin F, a fatty acid composed of linoleic and alpha-linoleic acids.  These factors are likely to influence the growth of the industry. 

• By Application Analysis

Based on the application, the market is classified into skin care and hair care. 

The skin care segment is expected to be the leader because rosehip seed oil has a variety of skincare benefits, including improving skin moisture retention and its thinner oil allowing it to be used on acne-prone skin. The rising demand for rosehip oil in skincare products, due to increased awareness, is propelling this market segment forward.

DRIVING FACTORS

"Increasing Demand in Healthcare Sector to Facilitate Industry Progress"

Rosehip is an herb with antioxidant and anti-inflammatory qualities that is utilized in herbal treatments. Over-the-counter rosehip drugs are available to treat ailments like cancer, rheumatoid arthritis, and obesity. Rosehip has a number of health benefits, including the treatment of skin problems, bone health, lower cholesterol, skin care, and immune system improvement, among others. Rosehips are used to treat stomach problems such low stomach acid, stomach spasms, stomach irritation, and ulcers, "stomach tonic" for intestinal ailments. They're also used for constipation, diarrhea, gallstones, lower urinary tract and kidney disorders, gallbladder problems, fluid retention (dropsy or edema), gout, diabetes, back and leg pain (sciatica), weight loss, high cholesterol, high blood pressure, chest problems, fever, and boosting immune function when you're tired.

"Growing Adoption by Various Industries to Magnify Market Growth"

The drivers of the rosehip market include urbanization, increasing demand for rosehip pulp, population growth, individual disposable income, probable growth in developed and developing countries, increased consumer awareness of the benefits of rosehip, growing market demand for natural based foods, and rising health and wellness trends. One of the primary factors driving rosehip demand in the global market is growing knowledge of the health advantages of the fruit.

RESTRAINING FACTORS

"High Prices to Impede Market Progress"

Despite the Rosehip industry's long-standing legacy in Chile and Eastern Europe, the Rosehip market is facing various disruptive factors that are jeopardizing its long-term viability and pushing enterprises to respond with a variety of measures to maintain their product's profitability. the increase in oil demand and constraints on the fruit supply (see the list of Factors Limiting Rosehip Supply on the next page), but it has also been widened by the decreased demand and resulting reduced pricing of the Husk.

REGIONAL INSIGHTS

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"Growing Population to Bolster Growth in the Asia Pacific"

Regionally, the market is grouped into North America, Europe, Asia-Pacific, and the rest of the world. 

The Asia Pacific is expected to dominate the rosehip oil market share. Because rosehip oil is increasingly being used in skin-care products, the Asia Pacific market is expected to grow at a fast rate. The market in the region is developing due to rising disposable income and increased awareness of the benefits of rosehip oil. The market for essential oils has been boosted by population expansion, rising disposable incomes, rapid urbanization in the Asia Pacific area, and an increase in demand for high-quality food and beverage items. Due to rising population purchasing power and desire for protein-rich meat diets, countries such as China, India, and Japan have experienced significant growth. Furthermore, people prefer items that are high in nutritional value and provide health benefits.

KEY INDUSTRY PLAYERS

"Product Developments and Partnerships to Improve Market Position"

The report provides information on key companies and businesses in the industry. It contains data on the latest research, product launches, technological developments, mergers and acquisitions, partnerships, and joint ventures.  Other aspects analyzed for the rosehip oil market include cost analysis, the pricing policy of leading producers, raw materials prices. Furthermore, factors and forecast scenarios of the market have been included in the report for market prospects.

INDUSTRY DEVELOPMENT

November 2019: Young Living Essential Oils opened a new office in South Africa, making it the first Young Living market on the African continent. This would assist the corporation in expanding its market in South Africa.

List of Market Players Profiled

• Trilogy
• A’Kin
• Kosmea
• Leven Rose
• Swisse
• Sukin Naturals
• AFU
• COESAM
• Kate Blanc
• Thursday Plantation
• Avi Naturals
• Florihana
• Oshadhi
• Radha Beauty
• Camenae
• Elitphito

REPORT COVERAGE

The report examines elements affecting the market from both the demand and supply sides and further estimates market dynamic forces during the forecast period. The report provides drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for regions after evaluating governmental, financial, shared, and technical factors affecting the market in these regions