Rosemary Extract Market to Expand Significantly by 2033

The rosemary extract market refers to the industry involved in the production, distribution, and consumption of rosemary extracts, which are derived from the leaves of the rosemary plant (Rosmarinus officinalis). Rosemary extract is widely used in various industries, including food and beverages, cosmetics, and pharmaceuticals, due to its beneficial properties and versatility.

Rosemary extract is known for its high antioxidant content, primarily attributed to its active compounds such as rosmarinic acid, carnosic acid, and caffeic acid. These antioxidants have been linked to various health benefits, including anti-inflammatory and antimicrobial properties. As a result, rosemary extract is often utilized as a natural preservative in the food and beverage industry, extending the shelf life of products and reducing the need for synthetic additives.

The market for rosemary extracts is expanding, with global revenues expected to reach US$800 million by 2021. The market is expected to reach US$1 billion by 2027.

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Global Rosemary Extract Market- Forecast by Form

Based on form, the segment is divided into powder, liquid, and others. The powder form is expected to account for the largest share owing to its longer shelf life. By 2027 end, the powder segment is expected to account for 48.6% value share, and to be valued at US$ 516.3 Mn by the end of 2027. On the other hand liquid segment is expected to account for 46.7% market share, and to be valued at US$ 496.9 Mn by 2027 end.

Global Rosemary Extract Market- Forecast by Sales Channel

Based on sales channel, the segment is fragmented into two categories, i.e. direct sales and indirect sales. Direct sales to account for the largest share as the ingredient is used by the manufacturers for further processing such as personal care products, beverages, food and many more. Direct Sales segment is expected to remain dominant in the global rosemary extract market throughout the forecast period with a revenue share of 54.7 % by 2027. By 2027 end, indirect sales is expected to account for 45.3% value share, and to be valued at US$ 481.9 Mn.

The following Factors to Contribute to the Growth of the Global Rosemary Extract Market

• Increasing consumer inclination towards aromatherapy and preservatives boost the global rosemary market
• Trending demand of herbal extract in European nutraceutical market contribute in the development in the global rosemary market

• Growing personal care industry and increasing consumer awareness for rosemary
• Growing demand for rosemary for pet food
• Most importantly essential oil made of herb like rosemary and other spice extracts are used in cancer therapy that drives the global rosemary extract market
• Advanced commercialization of herbs and spices by government create positive impact on the global rosemary extract market

Global Rosemary Extract Market- Forecast by Application

Application segment include food and beverages, personal care, nutraceutical, pharmaceutical and others. Pharmaceuticals and personal care are two major segments and the market witnesses an exponential growth for these segments over the forecast period. By 2027 end, personal care segment is expected to account for 25.9% value share, and to be valued at US$ 275.3 Mn.

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.