According to Future Market Insights (FMI), the global rosmarinic acid market is presently valued at US$ 130.0 million in 2023. It is further poised to thrive at a CAGR of 9.1% during the forecast period 2023 to 2033. By 2033, total market size is projected to reach US$ 309.56 million.
The rosmarinic acid market is experiencing lucrative growth globally. This is due to rising applications across diverse sectors.
Rosmarinic acid is a natural polyphenolic compound, found in herbs such as rosemary, basil, and sage. It offers antioxidant properties and several potential health benefits.
The demand for rosmarinic acid in the food & beverages sector is growing rapidly due to its application in food as a natural additive for preservation and flavor enhancement. Similarly, in the pharmaceutical sector, rosmarinic acid is used for treating inflammatory conditions such as arthritis, eczema, psoriasis, gastritis, and colitis.
With increasing consumer interest in natural ingredients with potential health benefits, the rosmarinic acid industry is expected to witness sustained growth across multiple sectors including food, healthcare, and personal care.
Rosmarinic acid’s antioxidant properties make it a choice for skincare formulations. It can help combat oxidative stress, protect against environmental damage, and soothe irritated or sensitive skin also due to its antioxidant and anti-inflammatory properties.
Rosmarinic acid has beneficial effects on conditions such as allergies, inflammation-related diseases, and skin disorders. As a result, it is being widely used in dietary supplements or incorporated into pharmaceutical formulations.
Rosmarinic acid has also shown promising outcomes as a feed additive in promoting growth, reproductive performance, fertility, anti-oxidant status, and immunologic indices in livestock. Hence, it is being increasingly used in animal feed applications which in turn is set to boost the market.
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Key Takeaways from the Rosmarinic Acid Market Report:
- The global rosmarinic acid market is expected to reach a market valuation of US$ 129.2 million by the end of 2033.
- By application, food & beverages segment is predicted to reach a valuation of US$ 22.6 million in 2023.
- The United States rosmarinic acid industry is projected to attain a valuation of US$ 102.4 million by 2033.
- China market is anticipated to reach a valuation of US$ 17.2 million by 2033.
- Rosmarinic acid demand in India is estimated to rise at a CAGR of 10.4% during the prediction period.
“The rosmarinic acid industry is witnessing lucrative growth, driven by its versatile applications in food, pharmaceuticals, cosmetics, and agriculture. Increasing consumer demand for natural ingredients and their potential health benefits further contributes to the market’s expansion.” – says a lead analyst at Future Market Insights (FMI)
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Who is Winning?
Naturex (part of Givaudan), Kalsec Inc., Nutra Green Biotechnology Co., Ltd., Layn Natural Ingredients Corp., Hunan E.K Herb Co., Ltd, Monteloeder, Kingherbs Limited, Hunan Nutramax Inc., Changsha Vigorous-Tech Co., Ltd., Shaanxi Yi An Biological Technology Co., Ltd, Blue California, and others are the few leading players operating in the market.
Investments in research & development, acquisitions, and mergers are beneficial strategies for companies in terms of improving their product quality and expanding their market reach. This is because combining resources, expertise, and customer base can lead to access to new technology, distribution channels, manufacturing facilities, and talent.
Similarly, launching new products can help businesses stay competitive and meet the changing consumer demands, allowing them to attract new customers and retain existing ones while increasing their market share. For instance,
- In 2020, Blue California and biotech developer Conagen commercialized Rosavel®, a next-generation natural preservation solution with 98% high-purity rosmarinic acid.
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Get More Valuable Insights
FMI has released an objective assessment of the global rosmarinic acid industry, presenting past demand data from 2018 to 2022 and projecting forecast statistics for the 2023 to 2033 period.
Rosmarinic Acid Market by Category
By Product Type:
- >96% Purity
- <=97% Purity
By Form:
- Powder
- Liquid
By Application:
- Food and Beverage
- Pharmaceuticals
- Nutraceuticals
- Cosmetics & Personal Care
- Animal Feed
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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