The global rose oil market size is expected to reach USD 442.0 million by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.8% over the forecast period. The market is driven by rising demand for the natural and organic ingredients in the fragrance and cosmetic industry. Moreover, various antimicrobial and anti-bacterial properties are anticipated to increase the product demand in the pharmaceutical sector over the forecast period.
The
market is driven by shift in the consumer preference towards the organic
products used in the cosmetic industry. Moreover, proven skin benefits provided
by the rose oil in curing various diseases is a key factor fueling the market
growth. Rose oil also helps in curing depression and irritation, thereby
maintaining a good wellness state of a body.
Rose
oil has also been used by the fragrance companies in the manufacturing of
various products. It is believed that rose aroma provides calmness and
relaxation to the mind due to its pleasing aroma. This is one of the reasons
why rose oil cultivated by the conventional method has higher demand in the
fragrance and perfume industry.
Europe
held the largest market share in 2018 due to increased awareness among
consumers regarding the use of natural fragrance ingredients, along with
growing product launches in the market. Europe is the largest market for the
natural fragrance ingredients and is anticipated to witness significant growth
over the forecast period.
Asia
Pacific is expected to witness the fastest growth over the forecast period.
Rise in the sales of pharmaceutical products in this region is anticipated to
increase the demand for rose oil over the forecast period. Growing consumer
awareness in countries such as China, Japan, and India is increasing the
production facilities for raw material in the country to reduce the import duty
in market.
Various
strategic initiatives such as product launches, mergers and acquisitions, and
capacity expansion are adopted by many manufacturers to retain their position
in the market. Some of the key players in the market are Sigma-Aldrich, Inc.;
Ernesto Ventos SA; Alteya Organics, LLC; Givaudan SA; Firmenich International
SA; Symrise AG; V. MANE FILS SA; Robertet SA; International Flavors &
Fragrances Inc.; and BERJÉ INC. Production of raw material for rose oil is
highly concentrated in Bulgaria and Turkey only.
Full Research Report On Rose Oil Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/rose-oil-market
Rose Oil Market
Report Highlights
- Organic
products are projected to ascend at the fastest CAGR of 8.7% over the forecast
period
- The fragrance
and cosmetics application segment dominated the global market with an
overall share of 70.1% in 2018
- Europe
dominated the global rose oil market in 2018, accounting for 40.2% share
of the global revenue. This trend is projected to continue over the next
few years
- Asia Pacific
is anticipated to witness the fastest growth in the coming years due to
increasing disposable income in India, South Korea, China, and Japan.
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About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company, registered
in the State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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