Rosemary Extracts Market is Set to Grow at 4.8% CAGR through the Year 2027

The newly published report by Future Market Insights which offers insights on the global rosemary extract market. The market is likely to reach to US$ 1,063.2 Mn by 2027 end, expanding at the CAGR of 4.8 %.

Global Rosemary Extract Market- Forecast by Form

Based on form, the segment is divided into powder, liquid and others. The powder form is expected to account for the largest share owing to its longer shelf life. By 2027 end, powder segment is expected to account for 48.6% value share, and to be valued at US$ 516.3 Mn by the end of 2027. On the other hand liquid segment is expected to account for 46.7% market share, and to be valued at US$ 496.9 Mn by 2027 end.

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Global Rosemary Extract Market- Forecast by Sales Channel

Based on sales channel, the segment is fragmented into two categories, i.e. direct sales and indirect sales. Direct sales to account for the largest share as the ingredient is used by the manufacturers for further processing such as personal care products, beverages, food and many more. Direct Sales segment is expected to remain dominant in the global rosemary extract market throughout the forecast period with a revenue share of 54.7 % by 2027. By 2027 end, indirect sales is expected to account for 45.3% value share, and to be valued at US$ 481.9 Mn.

Following Factors to Contribute to the Growth of the Global Rosemary Extract Market

Increasing consumer inclination towards aromatherapy and preservatives boost the global rosemary market
Trending demand of herbal extract in European nutraceutical market contribute in the development in the global rosemary market
Growing personal care industry and increasing consumer awareness for rosemary
Growing demand for rosemary for pet food
Most importantly essential oil made of herb like rosemary and other spice extracts are used in cancer therapy that drives the global rosemary extract market
Advanced commercialization of herbs and spices by government create positive impact on the global rosemary extract market
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Global Rosemary Extract Market- Forecast by Application

Application segment include food and beverages, personal care, nutraceutical, pharmaceutical and others. Pharmaceuticals and personal care are two major segments and the market witnesses an exponential growth for these segments over the forecast period. By 2027 end, personal care segment is expected to account for 25.9% value share, and to be valued at US$ 275.3 Mn.

Global Rosemary Extract Market- Forecast by Region

North America and APEJ are estimated to emerge as the most lucrative markets over the forecast period 2016-2027. The U.S. has already started the agricultural cultivation of Rosemary in the Southwest region. With easy trade flows and investment opportunities APEJ region represents potential segment for the growth of the market. Mediterranean countries, including Turkey, Spain, and Morocco are rapidly growing, expected to become commercial production hubs for Rosemary extracts in the global market.

Europe is the supply base, led by Spain and France in terms of supply and export, and production and consumption respectively.

Global Rosemary Extract Market- Key Companies

The key players operating in the global rosemary extract market are- Givaudan SA, Kerry Group Plc., Takasago International Corporation, Dohler GmbH Sensient Technologies Corporation, Archer Daniels Midland Company, Ajinomoto Co., Inc., Symrise AG, Firmenich S A, Naturex SA, Kalsec Inc., Olam International, Foodchem International Corporation, McCormick and Company, Inc, Frutarom Industries Ltd., Robertet SA, Synthite Industries Ltd., International Taste Solutions Ltd, Organic Herb Inc., British Pepper and spice Company.

Sales Channel

Direct Sales
Indirect Sales
Modern Trade
Specialty Stores
Online Retailers
Others

Form

Liquid
Powder
Others
Application

Food
Sauces, Dressings and Condiments
Bakery and Confectionery
Breads
Biscuits
Cakes and Pastries
Others
Dairy Products
Others
Beverages
RTD Tea
Specialty Drinks
Others
Personal Care
Skin Care
Hair Care
Perfume and Fragrances
Aromatherapy
Others
Nutraceutical
Pharmaceutical
Others

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 5 years.

This release was published on openPR.