Rosemary Oil Market Size, Share, Growth, and Industry Analysis By Type (Rosemary 100%, Rosemary 99%, and Others), By Application (Food, Medical, Cosmetics, and Others ) Regional Forecast To 2031

Updated On: 01 April 2024

Rosemary Oil Market Report Overview

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The global rosemary oil market size was expected to be USD 13.21 billion in 2021 and the market is projected to touch USD 17.53 billion by 2030, exhibiting a Compound annual growth rate (CAGR) of 3.16% during the forecast period. The market's growth and demand returning to pre-pandemic levels when the pandemic is finished is what caused the abrupt increase in CAGR.

Rosmarinus officinalis, also called Rosmarinus coronarium, belongs to the Labiatae family and is the source of rosemary oil, which is often referred to as incense. The oil is transparent in colour and has a fluid viscosity. It has a strong, energizing, herbal scent. By using steam distillation, rosemary oil is produced from the young flowering tops. It produces 1.0 to 2.0%. A-pinene, borneol, b-pinene, camphor, boranyl acetate, camphene, 1,8-cineole, and limonene are the primary chemical components of rosemary oil. Analgesic, hepatic, carminative, antidepressant, astringent,  cephalic, cordial, digestive, diuretic,cholagogues, emmenagogue,  hypertensive, nervine, rubefacient, stimulant, sudorific, and tonic are some of the medicinal benefits of the oil.

There are organic and conventional varieties of rosemary essential oil. Over time, it is projected that organic rosemary essential oil will surpass conventional. Because customers are beginning to accept items with the organic label as healthier and more pure, the market is anticipated to rise throughout the projected period.

COVID-19 Impact: The Skincare and Pharmaceuticals Benefits Among Consumers to Increase Market Demand

The COVID-19 outbreak caused slow growth in several industries and companies. As the number of COVID-19 cases dramatically increased, numerous countries adopted restrictions to contain the new virus. The demand for the oil was also damaged by the pandemic. Consumers are becoming more aware of the detrimental effects of artificial additives, which has led them to choose natural products. Aromatherapy is increasingly in demand. Previously, it was thought of as a complimentary therapy, but it is now seen as a mainstream treatment. The rosemary oil market growth is probably being driven by the rising demand for organic products.

LATEST TRENDS

"The Application of the Product as Organic Essential Oils to Advance the Market Share"

Consumers are becoming more aware of the detrimental effects of artificial additives, which has led them to choose natural products. Aromatherapy is increasingly in demand. Previously, it was thought of as a complimentary therapy, but it is now seen as a mainstream treatment. The rosemary oil market share is probably being driven by the rising demand for organic products.

Rosemary Oil Market SEGMENTATION

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• By Type

Based on type; the rosemary oil market is divided into 100%,  99% and others.

• By Application

Based on the application; the rosemary oil market is divided into food, medical, cosmetics and others.

DRIVING FACTORS

"Wide Utilization in Pharmaceutical Therapies to Uplift the Market Demand"

In older persons with dementia, especially those who have Alzheimer's disease, inhaling rosemary oil may help you focus and retain information. The use of rosemary essential oil in aromatherapy can strengthen the immune system and treat disorders linked to ongoing health issues. Numerous studies have revealed that rosemary essential oil is expected to reduce the growth of malignant tumours by preventing the creation of malignant cells. The usage of natural antioxidant products to treat various pathological liver disorders is on the rise.It is mostly used in the pharmaceutical sector to treat indigestion and cramps in the stomach. Due to its effectiveness in reducing pain, it is frequently used to treat headaches, muscle discomfort, rheumatism, and even arthritis. Because of the captivating perfume of rosemary, rosemary essential oil is a great inhalant.

"The Rising Demand for Oil in Cosmetics and Skincare to Drive the Market Growth"

As an astringent and anti-inflammatory ingredient in skincare products, rosemary essential oil is increasingly in demand in the cosmetic and skincare business. Additionally, as it meets customer desire for products with clean labels, the market for rosemary essential oil is anticipated to expand over the course of the projected period. The rosemary essential oil market is expanding globally as a result of the rising usage of rosemary in skincare and medicine.

Growing problems like hair loss, which is more prevalent in some nations than others, are widespread issues. advantages of rose mary essential oil. Rosemary essential oil has the ability to stimulate follicles, causing hair to grow longer and stronger as a result. Growing interest in aromatherapy is driving demand worldwide, particularly in Middle Eastern nations, for natural and organic fragrances.

RESTRAINING FACTORS

"The Rise in the Demand for the Oil Globally to Restrain the Market Growth"

The expansion of the global market for rosemary oil is being constrained by the rise of the global market for rosemary essential oil. Since a large number of rosemary leaves are needed to produce only one ounce of the oil, worries over resource depletion may prevent the global markets for rosemary essential oil from growing. Another factor that would limit rosemary oil market growth globally is the high cost of production.

Rosemary Oil Market REGIONAL INSIGHTS

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"European Region to Lead the Market with Volume Production"

More than quarter of the market was accounted for by the Europe region in 2021. The European market offers potential for rosemary oil suppliers. The regions of Tunisia and Morocco account for over 70% of the world's production of rosemary essential oil. The market for natural cosmetics has benefited from a trend in Europe where people tend to believe that natural chemicals are safer than synthetic ones. Additionally, the region's consumers now favour natural skin care products due to supporting import and trade policies, changing lifestyle preferences, and other factors.

KEY INDUSTRY PLAYERS

"Key Industry Players to Promote the Market Expansion"

The market's expansion was significantly impacted by the techniques employed by market participants in recent years, such as extensions. The report covers details and information about the firms and their interactions with the market. The data is gathered and published through appropriate research, technological advancements, expansions, and expanding machinery and equipment. Other considerations taken into account for this market are the businesses that develop and provide new products, the geographic areas in which they function, mechanization, innovation strategies, generating the maximum revenue, and using their products to make a significant difference.

List of Market Players Profiled

• AYACHI GROUP
• Prinova (U.S.A)
• Biolandes SA (France)
• Royal Aroma (U.S.A)
• BORDAS S.A. (Spain)
• Reho Natural Ingredients (India)
• Katyani Exports (India)
• Albert Vieille (France)
• Xi’an Fengzu Biological Technology (China)
• OUAHADA TUNISIE
• The Lebermuth Company (U.S.A)
• Paras Perfumers (India)
• R. K. Essential Oils Company (India).

REPORT COVERAGE

This report covers a comprehensive backdrop analysis, an assessment of the parent market, intensive study in the market dynamics. Past historical, current, and projected size of the market from the point of both value and volume. Researching  of recent industry developments,  deep study on market shares and strategies of major players and the emerging niche segments and regional market areas are covered in the report.