Press release
Global Trends Overview: The Rapid Evolution of the Rosemary Extract Market
Rosemary Extract Market Size
Projected Market Valuation and Growth Trajectory of the Rosemary Extract Market
The rosemary extract market is set to experience solid growth, reaching an estimated value of $1.72 billion by 2030. This expansion reflects a compound annual growth rate (CAGR) of 7.3% during the forecast period. The rising adoption of natural preservatives over synthetic additives is a major contributing factor, alongside increased demand from dietary supplement* producers and the broadening functional food market. Additionally, the focus on antioxidant-rich formulations and the growing use of rosemary extract in pharmaceutical and wellness products further fuel this upward trend. Notable market developments include heightened use of natural antioxidants for food preservation, a surge in demand for clean-label ingredients, greater integration in nutraceutical applications, scaling up of organic rosemary extract production, and enhanced attention to maintaining standard extract quality.
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Key Industry Players Influencing the Rosemary Extract Market
Several leading companies dominate the rosemary extract industry, including Archer Daniels Midland, Olam Group, DuPont de Nemours Inc., DSM-Firmenich, International Flavors and Fragrances Inc., Givaudan, Kerry Group plc, Sensient Technologies Corporation, Kemin Industries Inc., Takasago International Corporation, Kalsec Inc., Flavorchem, Orchidia Fragrances, Naturalin Bio-Resources Co. Ltd., Villa Blu, Flavorcan International Inc., Honsea, Geneham Pharmaceutical Co. Ltd., Foodchem International Corporation, FLAVEX Naturextrakte GmbH, and Hunan E.K HERB Co. Ltd.
In a significant development in July 2024, Belgium-based chemical company Syensqo acquired a controlling interest in Azerys, an Africa-based rosemary extraction firm. This strategic move aims to broaden Syensqo's portfolio of natural and renewable consumer solutions by introducing a 100% natural, plant-derived, non-GMO rosemary extract preservative that can replace synthetic food additives.
Emerging Trends Highlighting Innovation in the Rosemary Extract Market
Companies within the rosemary extract market are increasingly focusing on launching innovative products designed to replace synthetic preservatives in food formulations. These include rosemary-based ingredient ranges that enhance flavor, preservation, and antioxidant performance naturally.
For example, in September 2024, Syensqo unveiled Riza, a 100% plant-based series of natural antioxidants and flavors derived from wild, non-GMO rosemary cultivated in Morocco's Atlas Mountains. Riza acts as a clean-label alternative to artificial preservatives, helping maintain food freshness by preventing oxidation, stabilizing flavor and color, and extending shelf life. Offered in both powder and liquid forms with varying carnosic acid concentrations, Riza suits diverse food sectors such as meat, bakery, snacks, oils, beverages, ready meals, and pet foods. Ethically sourced and free from pesticides and heavy metals, this product supports sustainable food production and meets consumers' rising demand for natural, plant-based ingredients.
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Detailed Segmentation in the Rosemary Extract Market Report
The rosemary extract market is categorized into various segments to offer a comprehensive view:
1) By Form: Liquid Extract, Powdered Extract, Essential Oil, Capsules
2) By Functionality: Antioxidant, Preservative, Flavoring Agent, Aromatherapy
3) By Nature: Organic, Conventional
4) By Distribution Channel: Online Retail, Supermarkets and Hypermarkets, Health and Wellness Stores, Pharmacies
5) By End User: Food and Beverages, Cosmetics and Personal Care, Pharmaceuticals, Dietary Supplements
Further subcategories include:
- Liquid Extract: Water-Based, Oil-Based, Alcohol-Based (Ethanolic), Glycerin-Based
- Powdered Extract: Spray-Dried, Freeze-Dried, Microencapsulated, Standardized Antioxidant Powders
- Essential Oil: Steam-Distilled, Cold-Pressed, CO?-Extracted, Blended Aromatic Oils
- Capsules: Softgel, Hardgel, Standardized Antioxidant, Herbal Combination Capsules
This segmentation reflects the market's diverse applications and growing specialization in delivering targeted rosemary extract solutions across multiple industries.
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