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$ 309.6 million.
Globally, the rosmarinic acid market is expanding at a rapid pace. This is attributable to an increase in applications across a variety of industries.
Rosmarinic acid is a polyphenolic chemical found naturally in herbs like rosemary, basil, and sage. It has antioxidant qualities and may have numerous health benefits.
Rosmarinic acid has also shown encouraging results as a feed supplement in boosting growth, reproductive performance, fertility, anti-oxidant status, and immunologic indices in animals. As a result, it is increasingly being employed in animal feed applications, which is expected to drive the market.
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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.
The antioxidant qualities of rosmarinic acid make it an excellent choice for skincare products. Because of its antioxidant and anti-inflammatory characteristics, it can help battle oxidative stress, protect against environmental damage, and soothe irritated or sensitive skin.
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 demonstrated excellent results as a feed addition in improving animal growth, reproductive performance, fertility, anti-oxidant status, and immunologic indices. As a result, it is increasingly being used in animal feed applications, which is expected to drive the market.
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 Nandini Roy Choudhury ( client Partner for Food and Beverages at Future Market Insights, Inc.)
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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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.
The study reveals market projections based on product type (>96% purity and <=97% purity), form (powder and liquid), application (food and beverage, pharmaceuticals, nutraceutical, cosmetics & personal care, and animal feed), and region
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
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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