Rose Oil Market 2023: A Valuation of US$ 3.5 Billion Predicted by 2028 | IMARC Group

 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.

Report Highlights

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 is an essential oil extracted primarily from the petals of the rose flower through methods such as steam distillation or solvent extraction. Characterized by its rich, floral scent, rose oil is highly concentrated and should be used sparingly. It possesses a range of therapeutic attributes including anti-inflammatory, antioxidant, and anti-depressant properties, making it a popular choice in the healthcare and cosmetics sectors. Technological advancements have improved extraction methods, thereby ensuring better quality control and an extended shelf life for the product.

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What are the Growth Prospects and Trends in the Rose Oil Industry?

The burgeoning interest in natural and essential oils represents one of the key factors driving the market growth of rose oil worldwide. Moreover, the increasing awareness of the therapeutic benefits, including anti-inflammatory, antioxidant, and anti-depressant properties, are acting as major growth inducing factors. In addition to this, advancements in extraction technologies, such as steam distillation and solvent extraction, have improved the quality and yield of rose oil. This has facilitated superior quality control and extended shelf life, is propelling the market growth. Besides this, robust supply chain systems supported by digital platforms have streamlined the production to consumption journey. This efficiency is acting as a catalyst in propelling the market forward.

Additionally, stricter quality regulations and certification processes are also being implemented, uplifting the standard and purity of rose oil. These guidelines are fostering consumer trust, thereby contributing positively to market growth. Apart from this, e-commerce platforms, specializing in natural and therapeutic oils, have simplified procurement for end-users. They make an array of quality-certified rose oils readily available, thus widening consumer accessibility and further fueling market expansion. Furthermore, the growing emphasis on sustainable farming and organic practices in rose cultivation is creating a positive outlook for the market across the globe.

Who are the Key Players Operating in the Rose Oil Market?

The report has categorized the market based on source, product, distribution channel and application.

• 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 competitive landscape of the industry has also been examined along with the profiles of the key players.

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 (United States, Canada)
• Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)

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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.

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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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