Rosehip Extracts Market
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Rosehip Extracts Market size exceeded USD 340 million in 2021, is poised to depict over 9% CAGR through 2022-2030. Rising acceptance of natural food and beverage flavoring agents will spur industry expansion.
A key factor influencing the industry trends is the rising prevalence of degenerative joint diseases including osteoarthritis. Rosehip extracts are utilized as supplements in the nutraceutical and pharmaceutical industries for the prevention of joint damage and reduction of knee and joint disease symptoms.
Over the years, arthritis has been emerging as a serious health crisis, resulting in high personal and societal costs. Based on data from the CDC, over 54.4 million adults have some form of arthritis in the U.S. This number is expected to rise to 78 million by 2040. As a result, the demand for nutritional supplements including rosehip extract for arthritis prevention will rise globally.
Despite the favorable business environment, volatilities in raw material prices may act as a hindrance to the development of the rosehip extracts industry. The popularity of the compound, however, continues to increase, as it is consumed as herbal tea and is considered a rich source of antioxidants and Vitamins A, C, D, and E. Additionally, with the shifting preference toward natural flavors, the adoption of this extract will grow considerably across the food and beverage sector, which may help strengthen the market outlook.
| Report Attribute | Details |
|---|---|
| Base Year: | 2021 |
| Rosehip Extracts Market size in 2021: | 344.72 Million (USD) |
| Forecast Period: | 2022 to 2030 |
| Forecast Period 2023 - 2032 CAGR: | 9 |
| 2023 Value Projection: | 786.20 Million (USD) |
| Historical Data for: | 2018 to 2021 |
| No of Pages: | 263 |
| Tables, Charts & Figures: | 304 |
| Segments Covered: | Product, Grade, Application, and Region |
| Growth Drivers: |
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| Pitfalls Challenges: |
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Rosehip extracts market value from the oil product segment was worth USD 150 million in 2021. Due to its rich hydration traits, rosehip oil has been extensively used in the cosmetics and personal care industries. Spending on cosmetics and skin care products has surged in recent years, especially among the teenage population across the U.S. Moreover, the use of collagen-enriched and sun-protecting ingredients in personal care products has been rising, facilitating rosehip oil extraction and usage worldwide.
Based on grade, rosehip extracts market size from the food grade segment reached USD 210 million in 2021, considering the growing demand for functional ingredients in the food and beverages and pharmaceutical sectors. This extract is mainly used in the preparation of jam, tea, and other food items, owing to its high Vitamin C content. Several R&D projects are also being introduced to examine metabolic improvement through rosehip extract consumption. These factors, alongside the growing use of the product in the treatment of medical cases including joint damage, will drive the consumption of food-grade rosehip extracts.
Rosehip extracts market share from the animal feed application segment will exhibit over 7% CAGR through 2022-2030, given the rise in animal rearing and livestock production. Supplements such as rosehip extracts are used in food products made for animal consumption, in order to offer nutritional benefits and aid in their development. The growing emphasis on the optimization of animal nutrition and welfare and sustainable livestock farming will thus stimulate demand for rosehip extract as a key ingredient in animal feed applications.
In terms of the distribution channel, the industry share from the indirect segment will register more than 9.5% CAGR over 2022-2030, owing to the presence of well-established and standard players. The number of companies serving as traders and suppliers of various pharmaceutical products containing rosehip extract to treat health conditions has increased over the years. Additionally, the growing network of wholesalers offering natural extracts will further amplify product sales from indirect distribution channels.
Europe rosehip extracts market share is projected to exhibit over 9% CAGR through 2030, as a result of the strong presence of personal care and cosmetics manufacturers in the region. However, the decline in animal feed production may impact the consumption of the product, which is used extensively as a functional ingredient in animal nutrition products. Despite such potential setbacks, the strong application scope of rosehip extract in the pharma industry will help augment the regional industry forecast.
are some of the key players operating in the rosehip extracts market. These companies are focusing on product range expansion, among other strategies, to increase their presence in the global market.
The COVID-19 pandemic posed unprecedented challenges to many industries across the globe, mainly due to supply chain disruptions. To ensure the effective and timely distribution of products, businesses, have been entering supply chain agreements with rosehip extract distributors and dealers. Research studies have also highlighted the adverse impact of the COVID-19 disease on patients with osteoporosis. These factors are likely to proliferate the use of nutritional supplements to treat osteoporosis symptoms across the globe, generating strong growth prospects for the rosehip extracts market.
The Rosehip extract market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in million tests and revenue in USD thousand from 2017 to 2030 for the following segments:
By Product
By Grade
By Application
By Distribution Channel
The above information is provided on a regional and country basis for the following:
Kosmea, Avi Naturals, Spectrum Chemical, DM Pharma, Xi'an Green Spring Technology Co., Ltd, HERBO NUTRA EXTRACT PRIVATE LIMITED, Leven Rose, and S.A. Herbal Bioactives LLP are key players in the rosehip extracts industry.
The rosehip extracts industry value from the oil product segment was over USD 150 million in 2021, given its extensive usage in the cosmetics and personal care industries due to its rich hydration traits.
The Europe rosehip extracts industry share is projected to exhibit over 9% CAGR through 2022-2030, as a result of the mounting number of personal care and cosmetics manufacturers.
The global market size for rosehip extracts exceeded USD 340 million in 2021 and is poised to depict over 9.5% CAGR through 2022-2030, owing to the rising prevalence of osteoarthritis.