Rosemary Extract Market

Rosemary Extract Market Outlook to 2032

These extracts are derived from the leaves and herbs which makes them crucially applicable for various health-specific reasons. The perennial herb Rosmarinus officinalis is a prime component of ursolic acid and carnosic acids. The market is expected to rise in terms of applications in the food and beverage sectors. Furthermore, it’s used as an additive in food apart from this it’s a great source of antioxidants. These extracts are widely used as a natural agent that improves the shelf life of food without compromising on taste and flavor.

The global market is anticipated to increase with a CAGR of 5% in the forecast period. The market is likely to cross a valuation of USD 1368.27 Million by end of 2032. The aforementioned size of the market is anticipated to rise from the present value of USD 882 Million in 2023. The forecast period referred to in this research is 2022- 2032.

Report Attributes	Details
Market size (2022 A)	USD 882 Million
Base Year for Estimation	2022
Forecast duration for this research	2022-2032
Forecasted Market value (2032 F)	USD 1368.27 Million
Global Market Growth rate (2022-2032 E)	CAGR of 5%
Key Companies Profiled	Monteloeder KINGHERBS Kemin Industries Inc. Merck KGaA Kalsec Inc. E. I. du Pont de Nemours and Company Flavex Naturextrakte GmbH Vitiva d.d. Naturex S.A. Foodchem International Corporation.

What are impelling factors of demand?

Besides being a potential food preservative, rosemary extract has several therapeutic and health benefits. Rosemary extract is good for the heart, lungs, gastrointestinal tract, and liver. Rosemary extract serves as a tonic, cardiac stimulant, and astringent. It helps in regulating anemia and blood pressure. It is used in skincare and cosmetics as it possesses astringency. It helps in maintaining the elasticity and luster of the skin while reducing skin brittleness. Rosemary extract also pacifies anxiety, nervous tension, and other symptoms of depression.

“Clean label” is a standard opted for by many companies in the food industry as a response to demand from the consumer side for healthy food alternatives. Due to propelled awareness about artificial additives and their negative impacts on health people started to prefer natural extracts as additives for food.

These products improve shelf life as well as encourage the “Clean Label” concept further. This comes with the projection that the food industry is likely to lead in terms of rosemary demand. After the food segment, the product is likely to gain significant attention in the cosmetic industry owing to its high anti-inflammatory properties. These are ideal for use in skincare and face application products. These extracts are also helpful in relieving depression and anxiety in people.

“Rosemary is a mainstay ingredient in beauty and cosmetic products.”

Rosemary is a hair growth stimulant. Moreover, it is helpful in treating acne and has high antibacterial properties. This helps shrink pores and gives blemish-free skin. Extracts of rosemary help in the removal of under-eye bags by improving fluid retention in the skin. Another reason for its popularity is its application in cleaners and deodorants that naturally fights odor. Benign bacteria cause body odor which is removed by rosemary essential oils and rosemary perfumes preventing the growth of these odorous components.

Several illnesses, including headache, dysmenorrhea, stomachache, epilepsy, rheumatic pain, spasms, nervous agitation, memory improvement, hysteria, sadness, as well as physical and mental exhaustion, have been treated with rosemary, Rosmarinus officinalis L. (Labiatae), in folk medicine. As per many phytochemical studies rosemary contains essential oils and alkaloids that possess the most medicinal effects as anti-inflammatory and antioxidants. Rosemary acts as an antidepressant making it a key medical application of the product.

Opportunities for market players

Owing to the high potential to replace synthetic additives Rosemary extracts market is anticipated to open lucrative opportunities for brands in the upcoming period. Many product variations are seen in terms of launching distinct blends of rosemary applicable to prevent meat, poultry, and dairy products. The willingness of consumers for a rapid shift from artificial to natural ingredients is anticipated to give a booster to food preservative companies.

“Culinary art emerging sector to lead the demand for spices and herbs”

Growth in the culinary sector is anticipated to see a positive impact on the rosemary markets. the average volume of herbs used in culinary arts is expected to rise in the forecast period. The spices and herbs arcade is projected to gain a size of USD 79 billion in 2022, this market is estimated to surpass the valuation of USD 126 Billion by end of 2023. This signifies there are lucrative amount of opportunities in the culinary segment for manufacturers in the upcoming period.

Regional Outlook

Increasing demand for processed food & beverages and growing per capita income of the population in developing regions, such as the Asia Pacific, are among the factors expected to boost the usage of rosemary extract as a food preservative.

The regions such as North America are expected to be major markets for rosemary extract as consumers are well aware of the adverse health impact of artificial additives. Besides, the growing application of rosemary extract in cosmetics and skin care is also expected to boost the demand for rosemary extract. Thus, the therapeutic and health benefits of rosemary extract are expected to propel the demand for rosemary extract over the forecast period.

Rosemary Extract Market : Segmentation

• On the basis of Nature :

  • Organic
  • Conventional

• On the basis of Form :

  • Powder
  • Liquid

• On the basis of the Application :

  • Food additive
  • Cosmetics and skin care
  • Medicines and pharmaceuticals
  • Aromatherapy
  • Others

• On the basis of Regions :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa