Rosehip Extracts Market Share, Size, Trends, Industry Analysis Report, By Grade (Food Grade, Cosmetic Grade, and Others); By Product; By Application; By Region; Segment Forecast, 2023-2032
- Published Date:Apr-2023
- Pages: 116
- Format: PDF
- Report ID: PM3128
- Base Year: 2022
- Historical Data: 2019-2021
Report Outlook
The global rosehip extracts market was valued at USD 373.67 million in 2022 and is expected to grow at a CAGR of 9.3% during the forecast period. The extensive rise in the prevalence of regenerative joint diseases, including osteoarthritis and many others across the globe, and increasing utilization of rosehip extracts as a major supplement in the pharmaceutical and nutraceutical industries for providing prevention of joint damage and minimizing the chances of knee and common diseases are the primary factors influencing the global market growth. Furthermore, in recent years, arthritis has emerged as a major health crisis, resulting in high personal and societal costs, and has significantly propelled the adoption and demand for the product worldwide rapidly.
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For instance, according to the statistics published by the Centers for Disease Control and Prevention (CDC), around 58.5 Mn individuals in the US have arthritis. The prevalence of arthritis is projected to increase rapidly in the coming years, and by 2040, an estimated total of 78.4 million adults will be living with some form of doctor-diagnosed arthritis.
In the last few decades, the urban population across the globe is becoming more health-conscious, resulting in a rapid spike in the alternative market of various types of therapies and pharmaceuticals, as the number of people developing trust in natural products is continuously increasing, that will create huge rosehip extracts market growth opportunities in the forecasted period.
The outbreak of the COVID-19 pandemic has significantly impacted the growth of the rosehip extracts market. The rapid spread of the deadly coronavirus has posed several unprecedented challenges to various industries across the globe, mainly because of the closure of manufacturing facilities, high disruptions in the supply chain, and many other imposed restrictions on mass movement and trade activities. However, there has been a growth in the demand for the product used in nutritional supplements to treat patients.
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Industry Dynamics
Growth Drivers
The consistent growth in the usage of rosehip extracts in cosmetics, cosmeceutical, and personal care products owing to the increased consumer attraction & attention regarding the use of natural and plant-based extracts and increased prevalence among consumers for knowing deeply about the ingredients behind the beauty and cosmetic products they are applying on their face, are among the prominent factors expected to drive the market growth. Furthermore, the growing intervention of the technological advancements in the production processes and innovations in the supply chain helps the rosehip extracts businesses to propel significantly. Apart from this, many manufacturers of the product are adopting green technologies to gain sustainable measures and help reduce carbon emissions and make the world greener, which are further anticipated to boost the demand and growth of the market.
Report Segmentation
The market is primarily segmented based on grade, product, application, and region.
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By Grade |
By Product |
By Application |
By Region |
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Food grade segment accounted for the highest market share in 2022
The food grade segment accounted for highest market share in 2022, and is expected to retain its position over the projected period owing to the continuous rise in the demand for functional ingredients from food & beverages and pharmaceuticals industries all over the world. Rosehip extracts are widely used in the preparation of variety of food & beverage items including jam, tea, and many others due to the large presence of vitamin C content. Various R&D projects are further being introduced by both government and private institutions to examine the metabolic improvement with the help of rosehip extract consumption.
The cosmetic grade segment is expected to grow at considerable growth rate over the coming years on account of its wide range of beneficial characteristics including moisturize hair and promote its growth, promote the moisture retention in hair and skin, facilitate wound healing, acts as an effective emulsifier in the formulation of quick-drying oils and soaps, and exhibit various anti-inflammatory properties.
Oil segment held the largest market share in 2022
The oil segment led the market for rosehip extracts in 2022 with a healthy market share. The growth of the segment market can be mainly attributed to its rich hydration traits and widespread use of rosehip oil in the cosmetic and personal care industries. Moreover, a rapid surge in the consumer spending capacity on skincare and cosmetics products in recent years, especially among the teenage population across various developed countries like the US, Germany, and France, coupled with the growing use of collagen-enriched and sun-protecting ingredients in personal or skin care products has been significantly rising, which has fueled the adoption of rosehip oil worldwide.
The rosehip powder segment is projected to expand at the fastest CAGR during the anticipated period, which is highly attributable to its ability to help treat various inflammatory disorders and reduce the redness and irritation of the complexation. The fatty acids in the rosehip powder act as an excellent moisturizer for the human skin while keeping the skin cells strong and allowing them to lock in moisture, propelling the segment's market growth.
Animal feed segment is expected to witness fastest growth throughout the projected period
The animal feed segment is expected to grow at a significant CAGR throughout the projected period. With the extensive rise in animal rearing and livestock production, supplements, including rosehip extracts, are being largely used in producing food products for animal consumption to provide several nutritional benefits and boost their development and growth.
The food & beverages segment accounted for the largest market share in 2022, which is mainly driven by the extensive rise in the demand for natural, safe, and minimally processed food products around the world, along with the increased consumer preferences for natural products over the synthetic ones and the demand for superior quality promoting are among the major factors boosting the market growth.
Asia Pacific region dominated the global market in 2022
The Asia Pacific region dominated the market for rosehip extracts in 2022 and is projected to maintain its dominance throughout the study period. The regional market growth can be mainly attributed to the rise in skin-conscious customers and increased awareness of its ability to prevent various skin-related issues, especially in highly populated countries of the APAC region like China and India. Moreover, the region has a large number of small and medium-sized manufacturers of rosehip extracts that are well-versed with the processing and are highly aware of the wide range of benefits offered by them like Alchemy Chemical, Vital Herbs, Plantnat, and Sydler, which is fueling the demand and growth of the market in the region.
Europe is expected to emerge as the fastest-growing region in the global market due to the increasing utilization of various oils in cosmetics as fragrances and the high prevalence of rosehip extracts in natural and personal care and food & beverage industries. In addition, the presence of well-developed countries and the high living standards of consumers are a few other factors expected to propel the demand for the product at a significant pace over the coming years.
Competitive Insight
Some of the major players operating in the global market include Kosmea, Avi Naturals, ParkAcre Enterprises Ltd., Spectrum Chemical, DM Pharma, Herbo Nutra Extract Pvt. Ltd., Energeia Lifesciences Pvt. Ltd., Leven Rose, Herbal Bioactives LLP, Xi’an Victar Bio-Tech Corporation, Xi’an Green Spring Technology, Synthite Industries Ltd., Vidya Herbs, Kerry Group Plc, and Kangcare Bioindustry Co. Ltd.
Recent Developments
- In December 2021, ADM acquired Flavor Infusion, a leading provider of flavor & specialty ingredient solutions in Latin America & Caribbean Islands. With this acquisition, the company plans to expand its product, services, and solutions offerings and further develop its customer reach.
- In February 2021, International Flavors merged with DuPont’s Nutrition business. The new combined company will continue to operate in the future with the name of IFF. The combined entity will focus on high-value ingredients solutions for the food and beverage, & home & personal care industry.
Rosehip Extracts Market Report Scope
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Report Attributes |
Details |
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Market size value in 2023 |
USD 407.75 million |
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Revenue forecast in 2032 |
USD 909.25 million |
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CAGR |
9.3 % from 2023 – 2032 |
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Base year |
2022 |
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Historical data |
2019 – 2021 |
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Forecast period |
2023– 2032 |
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Quantitative units |
Revenue in USD million and CAGR from 2023 to 2032 |
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Segments covered |
By Grade, By Product, By Application, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
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Key companies |
Kosmea, Avi Naturals, ParkAcre Enterprises Ltd., Spectrum Chemical, DM Pharma, Herbo Nutra Extract Pvt. Ltd., Energeia Lifesciences Pvt. Ltd., Leven Rose, Herbal Bioactives LLP, Xi’an Victar Bio-Tech Corporation, Xi’an Green Spring Technology, Synthite Industries Ltd., Vidya Herbs, Kerry Group Plc, and Kangcare Bioindustry Co. Ltd. |
FAQ's
The rosehip extracts market report covering key segments are grade, product, application, and region.
Rosehip Extracts Market Size Worth $909.25 Million By 2032.
The global rosehip extracts market expected to grow at a CAGR of 9.3% during the forecast period.
Asia Pacific region is leading the global market.
Key driving factors in rosehip extracts market are growth in the usage of rosehip extracts in cosmetics, cosmeceutical, and personal care products.
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