Rosehip Extracts Market Size

Rosehip Extracts Market Size

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.

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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.