Global Rosemary Extract Market Research Report by Nature, Form, Type, Application, Region - Growth Forecast from 2020 to 2029
“Global Rosemary Extract Market” is an upcoming research report to be published by MarketResearch.biz. The information included in this report will be based on the opinions and views of industry experts. Critical factors will be included after conducting exhaustive primary and secondary research. The company profile section contains information on key players, strategies, recent developments, mergers & acquisitions, etc. The report also covers details related to current trends, driving factors, restraints, revenue opportunities, etc. The market has been segmented on the basis of nature, form, type, application, end-users, as well as regions and countries. Over the forecast period, the global rosemary extract market is expected to register a CAGR of XX%, and the global revenue generated by this market is projected to reach US$ XX million by 2029.
Rosemary is a herb. Its leaves are used to extract oil. Rosemary extract has powerful antioxidant and anti-inflammatory properties. The leaves are a good source of various vitamins, making them appropriate to be used in industries such as pharma, food & beverages, skincare, etc. Rosemary extract is also used to extend the shelf life of certain foods without changing its aroma and taste.
The demand for organic-based products has increased considerably in recent years. This has changed the lifestyles of people and has boosted the demand for rosemary extract. On a global-level, people are shifting to a healthier life, which is impelling manufacturers to produce more rosemary extract. This in turn, will boost the revenue growth of the rosemary extract market.
There is an increase in awareness of the side-effects that are caused as a result of using artificial additives in foods, which has led customers to choose products that are organic. Since rosemary extract acts as a preservative, it is used the manufacture and processing of various food products. Rosemary extract products are in constant competition with those products that contain artificial additives, thereby positively enhancing the growth of the global rosemary extract market.
Working-class women prefer buying products that can be cooked quickly, making it one of the most important factors that will boost the revenue growth of the global rosemary extract market. The baking product needs of these same women are also met with the adequate production and supply of rosemary extract.
Robust competition among manufacturers may negatively impact the revenue growth of the global rosemary extract market, owing to the hindered demand, production, and supply of rosemary extract in the market. Furthermore, the fluctuations in the price of raw materials and the final product is also expected to pose a hinderance to the revenue growth of this market.
Currently, both organic and conventional rosemary extracts are available in the market. The consumption of organic rosemary extract have been recorded to be higher than that of conventional rosemary extracts, owing to the benefits of organic products.
Global Rosemary Extract Market Regional Analysis
The increasing usage of rosemary extract in the food & beverage industry, owing to rising per-capita incomes of developing countries in the Asia Pacific region is expected to boost market growth. There is also an increasing demand for processed foods that are relatively healthy. The markets in North America and Europe are expected to account for the majority revenue shares of the global rosemary extract market in the years to come. The rising application of rosemary extracts in skincare and cosmetic products as well as their high demand in these regions will fuel revenue growth of the rosemary extract market. Regions of Latin America, the Middle East & Africa will also register significant market growth in the next 10 years, owing to the wide range of uses and benefits of rosemary extracts.
Global Rosemary Extract Market Segmentation
- Food & Beverages
- Cosmetics and Skincare
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Kerry Group PLC.
- Takasago International Corporation
- Archer Daniels Midland Company
- Dohler GmbH Sensient Technologies Corporation
- Ajinomoto Co. Inc.
- Symrise AG
- Firmenich SA
- Naturex SA
- Kalsec Inc.
- Olam International
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