IMARC Group, a leading market research company, has recently released a report titled “Rose Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global rose oil market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Rose Oil Market?
The global rose oil market size reached US$ 2.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.5 Billion by 2028, exhibiting a growth rate (CAGR) of 6.72% during 2023-2028.
What is Rose Oil?
Rose oil, also known as rose otto or attar of roses, is an essential oil extracted from the petals of various types of roses. This fragrant oil is obtained through a delicate process of steam distillation, which preserves its aromatic compounds. Rose oil is famed for its rich, intoxicating perfume and is a staple in the fragrance industry, often serving as the heart of many perfumes. Beyond its olfactory allure, it's prized in skincare for its purported soothing and hydrating properties. In aromatherapy, rose oil is used to elevate mood and alleviate stress. Its rarity and the extensive number of petals needed for a single drop make rose oil one of the most valuable and sought-after oils in the world.
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What are the Growth Prospects and Trends in the Rose Oil Industry?
The increasing consumer interest in aromatherapy and natural wellness products represents one of the key factors driving the growth of the market across the globe. Rose oil is extensively used for its therapeutic properties which are believed to help with relaxation and stress relief. The expansion of the cosmetic and skincare industry is acting as a major growth-inducing factor, presenting rose oil's popularity as an ingredient in creams, perfumes, lotions, and other beauty products due to its fragrance and potential skin benefits. There is a growing consumer preference for natural and organic ingredients in personal care products. Rose oil, being a natural extract, is benefiting from this trend. The food and beverage industry also uses rose oil as a flavoring agent in specialty gourmet products, which is further diversifying its market reach. Rose oil is seen as a premium product, and with rising disposable incomes, especially in developing regions, consumers are willing to pay a higher price for products containing natural rose oil.
Who are the Key Players Operating in the Rose Oil Market?
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- Alteya Organics LLC
- Berje Inc.
- Ernesto Ventós S.A.
- Firmenich SA
- Givaudan SA
- International Flavors & Fragrances Inc.
- MANE SA
- Robertet SA
- Sigma-Aldrich Inc. (Merck KGaA)
What is Included in Market Segmentation?
The report has categorized the market based on source, product, distribution channel application and region.
Breakup by Source:
- Rosa Damascena
- Rosa Centifolia
- Others
Breakup by Product:
- Organic
- Conventional
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Stores
- Others
Breakup by Applications:
- Fragrance and Cosmetics
- Pharmaceuticals
- Food and Beverages
- Others
Regional Analysis:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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