Rosemary Extracts Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 313.18 Million |
| Market Size (2029) | USD 375.37 Million |
| CAGR (2024 - 2029) | 4.89 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Rosemary Extracts Market Analysis
The Rosemary Extracts Market size is estimated at USD 313.18 million in 2024, and is expected to reach USD 375.37 million by 2029, growing at a CAGR of 4.89% during the forecast period (2024-2029).
Rosemary extract, known for its antioxidant properties, is a popular natural preservative in the food and beverage industry. Its ability to extend product shelf life without synthetic additives is highly valued. As consumers become more health-conscious, they seek products with natural ingredients. Due to its natural origin and health benefits, rosemary extract is frequently used in clean-label products. The growing food and beverage industry, especially in ready-to-eat and processed foods, drives the demand for natural preservatives like rosemary extract. For instance, the production value of processed food products in Japan was JPY 23.41 trillion in 2022, according to the Ministry of Agriculture, Forestry and Fisheries. Consumer preference for healthier and sustainable options is driving the demand for natural extracts, such as rosemary, amid the rising popularity of organic and non-GMO products.
Rosemary extract, known for its anti-inflammatory, antimicrobial, and antioxidant properties, is extensively used in the cosmetics and personal care industries. Its application is particularly growing in skincare, haircare, and various personal care products. Additionally, the pharmaceutical and nutraceutical industries employ rosemary extract for its medicinal benefits, including enhancing digestive health, improving cognitive function, and reducing inflammation. Ongoing research and development activities to discover new applications and benefits of rosemary extract also contribute to market growth. Innovations in extraction techniques and formulations enhance its usability across various industries.
Rosemary Extracts Market Trends
Increasing Use of Rosemary Extract in Food and Beverages Drives the Market
The market for rosemary extracts in food and beverages is growing, driven by its effectiveness as a natural preservative. With strong antioxidant properties, rosemary extract extends the shelf life of products and prevents oxidation and spoilage without synthetic additives. This benefit appeals to both manufacturers and consumers who prefer cleaner labels. As consumers become more health-conscious, the demand for natural and organic ingredients is increasing. For instance, in 2023, Coop Italia reported that 11% of Italians opted for organic food. Rosemary extract, known for its health benefits and natural origin, fits well with this trend. As a result, it is becoming a preferred choice for food and beverage companies targeting health-focused consumers. Moreover, rosemary extract stabilizes fats and oils effectively, preventing rancidity, which benefits products like dressings, spreads, and baked goods. Its multifunctional properties enable manufacturers to reduce artificial additives, aligning with consumer preferences for clean-label and natural ingredients. Regulatory authorities classify rosemary extract as Generally Recognized as Safe (GRAS) for consumption, making it a reliable choice for food and beverage formulations.
The rosemary extracts market is experiencing significant growth, driven by the expanding food and beverages industry. Rosemary extracts are extensively used in various processed food products, such as ready-to-eat meals, snacks, sauces, and dressings. Their ability to enhance flavor and extend shelf life makes them valuable in food processing. As the processed food industry continues to grow, the demand for rosemary extracts increases accordingly. Consumers increasingly favor functional foods that provide additional health benefits beyond basic nutrition. Rosemary extracts, rich in antioxidants and offering various health benefits, fit well into this category. For instance, in 2023, the Korea Health Supplements Association reported that 81.2% of South Korean households bought healthy, functional foods. This trend supports the growing incorporation of rosemary extracts into a wide range of food and beverage products.
North America Holds the Largest Market Share
With a rising health consciousness among North American consumers, the demand for natural ingredients in food, beverages, and dietary supplements is increasing. This shift has notably propelled the market for rosemary extracts, prized for their antioxidant and anti-inflammatory properties. These extracts are found to be extensively used in functional foods, nutraceuticals, and a range of natural health products. The market for rosemary extracts is further bolstered by their versatility. They find applications in a spectrum of industries, spanning from food and beverages (including meat products, bakery items, and condiments) to cosmetics (encompassing skincare and hair care), pharmaceuticals, and even pet care, amplifying their demand. The rapidly expanding food and beverages industry in North America also drives the market. For instance, the industry revenue of beverage manufacturing in Canada was USD 11,277.39 million in 2023, according to Statistics Canada.
Rosemary extracts, rich in bioactive compounds like phenolic diterpenes, flavonoids, and rosmarinic acid, are lauded for their health benefits. These benefits span from enhancing cognition to safeguarding cardiovascular health, making rosemary extracts a sought-after ingredient in health-centric product formulations. Continued research spotlighting rosemary's health advantages, coupled with favorable regulatory landscapes, has paved the way for its integration across a spectrum of products. Moreover, a concerted push toward innovating applications and refining extraction techniques is propelling market expansion.
Rosemary Extracts Industry Overview
The rosemary extracts market is consolidated. Prominent companies with strong brand recognition and extensive distribution networks dominate the market. They often have the resources to invest in research and development, ensuring high-quality products and innovations. The major players in the market are Guangzhou Honsea Sunshine Biotech Co. Ltd, FLAVEX Naturextrakte GmbH, DSM Firmenich, Givaudan SA, and Archer Daniels Midland Company, among others. The market sees opportunities for growth in emerging and developed nations. The market needs amendments to develop a set of guidelines to regulate the market. The strategy of forming new agreements and partnerships with local players helps increase the company鈥檚 footprint.
Rosemary Extracts Market Leaders
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Guangzhou Honsea Sunshine Biotech Co., Ltd
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FLAVEX Naturextrakte GmbH
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DSM Firmenich
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Archer Daniels Midland Company,
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Givaudan SA
*Disclaimer: Major Players sorted in no particular order
Rosemary Extracts Market News
- July 2024: Syensqo acquired Azerys, a leading expert in rosemary extraction, boasting assets in El Jadida, Morocco. Azerys is renowned for its line of preservatives, crafted exclusively from natural, plant-based ingredients, with a core focus on rosemary extracts.
- March 2024: Kao Corporation's Material Science Research Laboratory developed an exclusive plant factory, Smart Garden Meguri. The rosemary extract is sourced from plants grown and processed within Kao's Smart Garden Meguri.
- November 2022: Kemin Industries introduced a new rosemary extract known as FORTIUM R. This line of rosemary extract-based ingredients was engineered to prevent color and flavor degradation effectively.
Rosemary Extracts Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.1.1 Rising Demand for Natural Preservatives Fuel Market
4.1.2 Growing Awareness of Health and Wellness Drives the Market
4.2 Market Restraints
4.2.1 High Production Costs Hamper the Market
4.3 Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Form
5.1.1 Liquid
5.1.2 Powder and Paste
5.2 Application
5.2.1 Food and Beverages
5.2.2 Personal Care and Cosmetics
5.2.3 Pet Food and Animal Feed
5.2.4 Pharmaceuticals
5.2.5 Dietary Supplements
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Rest of North America
5.3.2 Europe
5.3.2.1 United Kingdom
5.3.2.2 Germany
5.3.2.3 France
5.3.2.4 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Rest of Asia-Pacific
5.3.4 South America
5.3.5 Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 FLAVEX Naturextrakte GmbH
6.3.2 Kalsec Inc
6.3.3 Naturalin Bio-Resources Co. Ltd
6.3.4 Guangzhou Honsea Sunshine Biotech Co. Ltd
6.3.5 Kerry Group PLC
6.3.6 Givaudan SA
6.3.7 Archer Daniels Midland Company
6.3.8 Kemin Industries
6.3.9 DSM Firmenich
6.3.10 International Flavors and Fragrance Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Rosemary Extracts Industry Segmentation
Rosemary extract is a potent concentrate derived from the leaves of the Rosmarinus officinalis plant. The rosemary extracts market is segmented into form, application, and geography. Based on form, the market is segmented into liquid and powder and paste. Based on application, the market is segmented into food and beverages, personal care and cosmetics, pet food and animal feed, pharmaceuticals, and dietary supplements. Based on geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East and Africa. The market sizes and forecasts are provided in value terms (USD) for all the abovementioned segments.
| Form | |
| Liquid | |
| Powder and Paste |
| Application | |
| Food and Beverages | |
| Personal Care and Cosmetics | |
| Pet Food and Animal Feed | |
| Pharmaceuticals | |
| Dietary Supplements |
| Geography | ||||||
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| South America | ||||||
| Middle East and Africa |
Rosemary Extracts Market Research FAQs
How big is the Rosemary Extracts Market?
The Rosemary Extracts Market size is expected to reach USD 313.18 million in 2024 and grow at a CAGR of 4.89% to reach USD 375.37 million by 2029.
What is the current Rosemary Extracts Market size?
In 2024, the Rosemary Extracts Market size is expected to reach USD 313.18 million.
Who are the key players in Rosemary Extracts Market?
Guangzhou Honsea Sunshine Biotech Co., Ltd, FLAVEX Naturextrakte GmbH, DSM Firmenich, Archer Daniels Midland Company, and Givaudan SA are the major companies operating in the Rosemary Extracts Market.
Which is the fastest growing region in Rosemary Extracts Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Rosemary Extracts Market?
In 2024, the North America accounts for the largest market share in Rosemary Extracts Market.
What years does this Rosemary Extracts Market cover, and what was the market size in 2023?
In 2023, the Rosemary Extracts Market size was estimated at USD 297.87 million. The report covers the Rosemary Extracts Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Rosemary Extracts Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Rosemary Extracts Industry Report
Statistics for the 2024 Rosemary Extracts market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Rosemary Extracts analysis includes a market forecast outlook for 2024 to (2024to2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
