According to Future Market Insights, the global sales of natural rosemarine extract valued at USD 156.0 million in 2022, is expected to witness substantial growth, reaching a market valuation of USD 341.4 million by 2032. This represents a robust CAGR of 8.1% over the forecast period from 2022 to 2032. The increasing consumer preference for natural ingredients and the growing awareness of the health benefits of natural rosemarine extract are key factors driving this growth.
Natural rosemarine extract, derived from the rosemary plant, is rich in antioxidants and is widely used as a natural flavoring and food preservative. Its natural, safe, stable, and effective properties have made it popular across various industries, including pharmaceuticals, personal care, and food & beverage.
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The global demand for natural rosemarine extract is being driven by a shift towards natural ingredients, rising health consciousness, and the growing popularity of organic preservatives. Synthetic antioxidants, commonly used in food preservation, have been found to pose health risks, leading consumers and manufacturers to seek natural alternatives. Natural rosemarine extract is increasingly preferred due to its ability to maintain the freshness, sensory qualities, and shelf life of food products without harmful effects.
Growing Factors of Industry Growth
- Health Benefits and Applications: Natural rosemarine extract offers numerous health benefits, including antioxidant, anti-inflammatory, and antimicrobial properties. It is beneficial for heart health, liver function, and reducing the risk of various diseases. Its therapeutic properties make it a valuable ingredient in pharmaceuticals and nutraceuticals.
- Food & Beverage Industry: The use of natural rosemarine extract in the food & beverage industry is expected to drive significant market growth. It acts as a natural preservative, preventing oxidation rancidity and food spoilage, thereby extending the shelf life of products.
- Cosmetics and Personal Care: The cosmetics and personal care industry is increasingly utilizing natural rosemarine extract for its antioxidant and anti-inflammatory properties. It is used in skincare products to soothe inflammation and protect the skin from oxidative stress.
Key Takeaways from Market Study
- By form, the powder segment is likely to continue to dominate the global natural rosemarine extract market during the forecast period.
- Based on application, the food & beverage segment holds a substantial share of the global market, and the trend is expected to continue during the forecast period.
- The U.S. holds approximately 89.7% share of North America natural rosemarine extract market.
- Europe is expected to account for 29.3% share of the worldwide natural rosemarine extract market during the forecast period.
- Germany holds around 21.5% share of the Europe natural rosemarine extract market.
- South Asia is expected to hold over 12.0% share of the global natural rosemarine extract market.
“The market for natural rosemarine extract has been steadily increasing in recent years due to widening application of this natural ingredient in health and beauty products to help promote healthy skin, hair, nails, and more”, –says a lead analyst at Future Market Insights.
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Competitive Landscape
The natural rosemarine extract market is highly competitive, with several large and small players vying for market share. Key players include Monteloeder, Kemin Industries, Frutarom Industries Ltd., Geneham Pharmaceutical Co., Ltd., and Foodchem International Corporation. These companies are focusing on product innovation, strategic partnerships, and expansion into new markets to strengthen their positions.
Recent Developments
- In November 2022, Kalsec signed a Master Service Agreement with Willow Biosciences to develop functional food ingredients using precision fermentation.
- In May 2018, International Flavors & Fragrances Inc. entered into a definitive agreement with Frutarom to create a global leader in taste, scent, and nutrition.
Natural Rosemarine Extract Industry by Category
By Form:
- Powder
- Liquid
By Application:
- Food & Beverage
- Pharmaceuticals
- Nutraceuticals
- Cosmetics & Personal Care
- Pet Food
- Animal Food
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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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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