According to Future Market Insights (FMI), the worldwide rosehip extract market is expected to reach USD 324.0 million in 2024 and USD 547.0 million by 2034. The market is projected to rise at a CAGR of 5.1% from 2024 to 2034.
The key factors driving the rosehip extract market are the rising need for plant-based protein, immune-boosting food supplements, and natural energy products. Consumers are looking for natural alternatives to synthetic products, which is driving the market growth.
Rosehip extract is often used in skincare and beauty products due to its potential benefits for skin health. Its antioxidant properties and high vitamin C content appeal to consumers looking for natural solutions in the industry, fueling demand for rosehip extract.
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Several applications of rosehips, from culinary delights in soups and teas to its usage as an anti-aging and dietary supplement ingredient in beauty products, drive the strong demand for rosehip extracts in the market. Meeting the buyer demand for botanical solutions in several sectors, with food, dietary supplements, and cosmetics, presents a strategic opportunity for the sustained expansion of the rosehip extract market.
Key Takeaways from the Rosehip Extract Market Report:
- The rosehip extract market is expected to reach a valuation of US$ 547.0 million by 2034.
- The global market is projected to surge at a CAGR of 5.1% through 2034.
- China’s rosehip extract market is expected to grow at a CAGR of 5.6% by 2034.
- The United States is projected to reach a valuation of US$ 103.9 million in 2034.
- Based on end-use, the cosmetics and personal care segment is expected to hold a market share of 7.1% in 2024.
Competitive Landscape:
Key Companies Profiled
- S.A. Herbal Bioactives LLP
- Afriplex
- Spectrum Chemical
- Avi Naturals
- ParkAcre Enterprises Ltd.
- Herbal Bioactives LLP
- FENGCHEN GROUP CO., LTD.
- Biossance
- Now Foods
- Xi’an Green Spring Technology Co., Ltd
- Leven Rose
- HERBO NUTRA EXTRACT PRIVATE
Leading manufacturers of rosehip extract are continuously refining the quality of their products to meet evolving consumer expectations and demands.
They are employing multifaceted strategies such as mergers, acquisitions, partnerships, distribution agreements, collaborations, advertisements, and celebrity endorsements to fortify their position in the market. By leveraging these tactics, they aim to enhance brand visibility and establish credibility & trust among consumers, ultimately gaining a competitive advantage in the increasingly dynamic landscape of rosehip extract supplements.
For instance,
- In 2022, Kulfi Beauty introduced Main Match, its first-ever concealer. The concealer is made using South Asian-inspired ingredients such as alma fruit, rosehip extracts, and saffron flower extracts.
- In 2023, Lenoir Skin Care™ introduced Rose Facial Cleanser, a science-backed formula to enhance natural beauty.
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Rosehip Extract Market Segmentation by Category:
By Product Form:
- Liquid Extracts
- Semi-solid Extracts
- Dry Extracts
By End-use:
- Food and Beverages
- Dietary Supplement
- Cosmetics and Personal Care
- Pharmaceuticals
- Animal Feed
- Retail
By Distribution Channel:
- Direct Sales
- Retail
- Hypermarkets/ Supermarkets
- Convenience Stores
- Pharmacy and Health Stores
- Specialty Stores
- Independent Small Groceries
- Online Retailing
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and 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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