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
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
Rosemary Extract Market Report Coverage
|Market||Rosemary Extract Market
|Rosemary Extract Market Size 2022||USD 829 Million|
|Rosemary Extract Market Forecast 2032||USD 1,323 Million|
|Rosemary Extract Market CAGR During 2023 - 2032||4.9%|
|Rosemary Extract Market Analysis Period||2020 - 2032|
|Rosemary Extract Market Base Year||2022|
|Rosemary Extract Market Forecast Data||2023 - 2032|
|Segments Covered||By Form, By Source, By End Use Industry, And By Geography
|Regional Scope||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Key Companies Profiled||Kemin Industries, Inc., Naturex (now part of Givaudan), Danisco (now part of DuPont Nutrition & Biosciences), Frutarom Industries (now part of International Flavors & Fragrances Inc.), Monteloeder S.L., FLAVEX Naturextrakte GmbH, Sabinsa Corporation, DÖHLER GmbH, Robertet Group, Symrise AG, Nutraceutical International Corporation, and Ecom Food Industries Corporation
||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis|
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
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
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
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
The Middle East & Africa
Rosemary Extract Market Regional Analysis
North America has been a dominant player in the rosemary extract market due to several key factors. One of the primary reasons for its dominance is the region's well-established food and beverage industry. North American consumers have exhibited a strong preference for clean-label and natural products, driving the demand for rosemary extract as a natural antioxidant and preservative. Food manufacturers in the region have been quick to respond to this demand by incorporating rosemary extract into a wide range of products, including meat and poultry, baked goods, snacks, and functional beverages. Additionally, the region's stringent regulations and increasing consumer awareness of the potential health risks associated with synthetic additives have further bolstered the demand for natural alternatives. Rosemary extract, with its proven safety and antioxidant properties, has emerged as a popular choice for food and beverage companies seeking to meet these regulatory requirements and cater to consumer preferences.
Rosemary Extract Market Player
Some of the top rosemary extract market companies offered in the professional report include Kemin Industries, Inc., Naturex (now part of Givaudan), Danisco (now part of DuPont Nutrition & Biosciences), Frutarom Industries (now part of International Flavors & Fragrances Inc.), Monteloeder S.L., FLAVEX Naturextrakte GmbH, Sabinsa Corporation, DÖHLER GmbH, Robertet Group, Symrise AG, Nutraceutical International Corporation, and Ecom Food Industries Corporation.
The market size of rosemary extract was USD 829 Million in 2022.
The CAGR of rosemary extract is 4.9% during the analysis period of 2023 to 2032.
The key players operating in the global market are including Kemin Industries, Inc., Naturex (now part of Givaudan), Danisco (now part of DuPont Nutrition & Biosciences), Frutarom Industries (now part of International Flavors & Fragrances Inc.), Monteloeder S.L., FLAVEX Naturextrakte GmbH, Sabinsa Corporation, DÖHLER GmbH, Robertet Group, Symrise AG, Nutraceutical International Corporation, and Ecom Food Industries Corporation.
North America held the dominating position in rosemary extract industry during the analysis period of 2023 to 2032.
Asia-Pacific region exhibited fastest growing CAGR for market of rosemary extract during the analysis period of 2023 to 2032.
The current trends and dynamics in the rosemary extract industry include growing demand for natural antioxidants and preservatives in the food and beverage industry, and increasing awareness of the health benefits associated with rosemary extract consumption.
The liquid source held the maximum share of the rosemary extract industry.