Rosemary Extract Market Size - Global Industry, Share, Analysis, Trends and Forecast 2023 - 2032

The Global Rosemary Extract Market Size accounted for USD 829 Million in 2022 and is projected to achieve a market size of USD 1,323 Million by 2032 growing at a CAGR of 4.9% from 2023 to 2032.

Rosemary Extract Market Highlights

• Global Rosemary Extract Market revenue is expected to increase by USD 1,323 Million by 2032, with a 4.9% CAGR from 2023 to 2032
• North America region led with more than 35% of Rosemary Extract Market share in 2022
• Asia-Pacific Rosemary Extract Market growth will record a CAGR of more than 6% from 2023 to 2032
• By form, the liquid segment has accounted more than 48% of the revenue share in 2022
• By source, the organic segment is expected to expand at the biggest CAGR of 5.5% from 2023 to 2032
• Growing demand for natural antioxidants and preservatives in the food and beverage industry, drives the Rosemary Extract Market Value

Rosemary extract is a natural substance derived from the leaves of the rosemary plant (Rosmarinus officinalis). It is widely used in the food, beverage, cosmetic, and pharmaceutical industries as a natural antioxidant and preservative. The primary active components in rosemary extract are rosmarinic acid, carnosic acid, and carnosol, which have potent antioxidant properties that help prevent oxidative damage caused by free radicals. Due to its natural origin and beneficial properties, rosemary extract is sought after as a safer alternative to synthetic antioxidants and preservatives, aligning with the growing consumer demand for clean-label and natural products.

Over the past few years, the rosemary extract market has experienced significant growth. Factors contributing to this expansion include the rising awareness of the health benefits associated with rosemary extract consumption, the increasing demand for natural food additives, and the growing preference for clean-label products with extended shelf life. Moreover, the food and beverage industry's continuous efforts to reduce synthetic additives and preserve product freshness have driven the adoption of rosemary extract as a natural solution. Additionally, the cosmetics and pharmaceutical industries are incorporating rosemary extract into their formulations, further fueling market growth.

Global Rosemary Extract Market Trends

Market Drivers

• Growing demand for natural antioxidants and preservatives in the food and beverage industry
• Increasing awareness of the health benefits associated with rosemary extract consumption
• The rising popularity of clean-label products and natural ingredients among consumers
• Expanding applications in the cosmetics and pharmaceutical industries

Market Restraints

• Fluctuations in the availability and cost of raw materials
• Challenges related to standardization and consistency of extract quality

Market Opportunities

• Utilization of waste materials from the rosemary processing for sustainable practices
• Introduction of value-added derivatives of rosemary extract, such as essential oils and infusions

Rosemary Extract Market Report Coverage

Rosemary extract is a natural substance derived from the leaves of the rosemary plant, scientifically known as Rosmarinus officinalis. The extraction process involves obtaining the bioactive compounds from the plant's leaves, such as rosmarinic acid, carnosic acid, and carnosol. These compounds possess strong antioxidant properties, making rosemary extract an excellent natural preservative that helps prevent the oxidation of fats and oils. This ability to inhibit oxidative degradation extends the shelf life of various products, including food, beverages, cosmetics, and pharmaceuticals.

The applications of rosemary extract are widespread across several industries due to its multifunctional properties. In the food and beverage industry, it serves as a natural antioxidant and preservative in oils, fats, and processed foods like meat products, snacks, and bakery items. It not only helps maintain the quality and freshness of these products but also meets the growing consumer demand for clean-label and natural ingredients. Additionally, rosemary extract finds use in the cosmetics industry as an ingredient in skincare products, hair care formulations, and natural fragrances due to its potential to protect against oxidative damage and its pleasant aroma. Furthermore, in the pharmaceutical industry, rosemary extract is utilized for its antioxidant and anti-inflammatory properties, offering potential health benefits in medicinal and nutraceutical applications.

The rosemary extract market had been experiencing significant growth and was projected to continue expanding over the forecast period. Several factors contributed to this upward trend. One of the primary drivers was the increasing demand for natural and clean-label ingredients in the food and beverage industry. Rosemary extract's potent antioxidant properties and its ability to extend shelf life and preserve product freshness without synthetic additives made it an attractive choice for food manufacturers looking to meet consumer preferences for healthier and more natural products.

Rosemary Extract Market Segmentation

The global Rosemary Extract Market segmentation is based on form, source, end use industry, and geography.

Rosemary Extract Market By Form

• Powder
• Liquid
• Others

According to the rosemary extract industry analysis, the liquid segment accounted for the largest market share in 2022. The liquid form of rosemary extract is gaining popularity due to its ease of use and versatility in various applications. In the food and beverage industry, liquid rosemary extract is preferred for its convenience in formulation, allowing manufacturers to incorporate it into a wide range of products such as sauces, dressings, beverages, and marinades. Its solubility in liquids also makes it suitable for use in functional beverages and health supplements, where it can provide antioxidant benefits and enhance the nutritional profile of the products. The cosmetics and personal care industry also contributed to the growth of the liquid rosemary extract segment. Liquid extracts are utilized in the formulation of skincare products like creams, lotions, and serums, where their antioxidant properties help protect the skin from free radicals and environmental stressors.

Rosemary Extract Market By Source

• Organic
• Conventional

In terms of sources, the organic segment is expected to witness significant growth in the coming years. Organic rosemary extract is derived from plants grown without the use of synthetic pesticides, herbicides, or genetically modified organisms (GMOs), aligning with the rising awareness of environmental sustainability and health-consciousness among consumers. As people become more conscious of the potential risks associated with chemical residues in conventional products, the demand for organic alternatives has surged, bolstering the growth of the organic rosemary extract segment. The food and beverage industry has been a significant contributor to the organic rosemary extract market's expansion.

Rosemary Extract Market By End Use Industry

• Food & Beverages
• Nutraceuticals and Dietary Supplements
• Personal Care & Cosmetics
• Pharmaceutical
• Others

According to the rosemary extract market forecast, the food & beverages segment is expected to witness significant growth in the coming years. The growth of the automotive and transport segment is attributed to the increasing demand for lightweight and fuel-efficient vehicles, as well as the growing use of electric vehicles. Rosemary Extract are widely used in the automotive and transport industry to create lightweight and durable parts such as air ducts, fuel tanks, and bumper systems. The use of Rosemary Extract in the automotive industry has increased in recent years due to the need to reduce vehicle weight and improve fuel efficiency. Additionally, the adoption of advanced manufacturing technologies such as 3D printing and robotics is expected to further drive the automotive and transport segment growth.

Rosemary Extract Market Regional Outlook

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• India
• Japan
• China
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

The Middle East & Africa

• South Africa
• GCC Countries
• Rest of the Middle East & Africa (ME&A)