According to Future Market Insights (FMI), the global rosmarinic acid market is presently valued at USD 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 USD 309.6 million.
The global rosmarinic acid market is rapidly expanding, driven by its growing applications across diverse industries.
Rosmarinic acid is a polyphenolic compound naturally present in herbs such as rosemary, basil, and sage. It offers antioxidant properties and potential health benefits.
Rosmarinic acid has demonstrated promising results as a feed supplement, enhancing growth, reproductive performance, fertility, antioxidant status, and immune function in animals. This efficacy is driving its growing use in animal feed applications, which is expected to propel market growth.
As consumer demand for natural ingredients with health benefits grows, the rosmarinic acid industry is anticipated to experience steady expansion across sectors such as food, healthcare, and personal care.
Rosmarinic acid’s antioxidant properties make it an ideal ingredient for skincare products. Its antioxidant and anti-inflammatory effects help combat oxidative stress, shield against environmental damage, and soothe irritated or sensitive skin.
Rosmarinic acid offers benefits for conditions like allergies, inflammation-related diseases, and skin disorders. Consequently, it is increasingly utilized in dietary supplements and integrated into pharmaceutical formulations.
Rosmarinic acid has shown remarkable efficacy as a feed additive, enhancing animal growth, reproductive performance, fertility, antioxidant levels, and immune function. Consequently, its rising use in animal feed applications is anticipated to drive market growth.
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.
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.
Key Companies Profiled
- Naturex (part of Givaudan)
- Kalsec Inc.
- Nutra Green Biotechnology Co., Ltd.
- Layn Natural Ingredients Corp.
- Blue California
- Hunan E.K Herb Co., Ltd
- Monteloeder
- Kingherbs Limited
- Hunan Nutramax Inc.
- Changsha Vigorous-Tech Co., Ltd.
- Shaanxi Yi An Biological Technology Co., Ltd
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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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