Expert Market Research’s new report titled ‘Global Rose Oil Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global rose oil market, assessing the market based on its segments such as Product, Application and Major Regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2016-2026)
- Historical market size (2020): 284 million USD
- Forecast CAGR (2021-2026): 6.9%
The global rose oil market is driven by increased consumer awareness of the benefits of natural products over artificial ones, as well as increased demand from the cosmetics and personal care industries. Due to increased demand for organic products in the cosmetics industry, organic rose oil is expected to increase at a rapid rate during the forecast period.
Due to the increased use of the product in the production of floral and fruity essence perfumes, the cosmetics and perfumes segment is a major application segment in the industry. Additionally, in order to meet the market demand for organic products, manufacturers are turning to rose oil to create high-quality products, driving the growth of the segment and helping the industry as a whole.
Industry definition and major segments
Rose oil is an essential oil extracted from the petals of various types of roses by steam distillation and other methods. This essential oil is made from fresh flowers and has a rich, sweet, deep, moist and ethereal scent that is suitable for all seasons and occasions. It is used in the production of cosmetics like perfumes and lotions, and as a flavoring agent in foods like ice cream and beverages.
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Based on product, the market can be divided into:
Rose oil finds application in various industries, which are as follows:
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Based on regional markets, the industry is divided into:
1 North America
1.1 United States of America
2.2 United Kingdom
4 Latin America
5 Middle East and Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.4 South Africa
Growing demand for rose oil in the cosmetics industry for organic and herbal products, along with its growing use as a flavoring agent, is driving the global rose oil market. Rose oil is increasingly common in the cosmetics industry due to its high content of vitamins, minerals and antioxidants, as well as its excellent emollient properties for moisturizing dry skin. Rose oil is used as a flavoring agent in the food and beverage industry to impart a hint of rose flavor to items such as soft drinks, canned goods, and ice cream, among others, which helps the industry to grow globally.
The industry is growing due to the increase in disposable incomes and the growing importance of customers for health and beauty. The booming cosmetics industry is driving the growth of the industry as many luxury brands are incorporating rose oil into their product lines to attract customers. Moreover, as rose oil is mainly used to manufacture perfumes with excellent aromatic qualities, the growth of the perfume market will contribute to the growth of the global rose oil industry. The growing popularity of aromatic refreshment products such as candles, sticks and gels in homes and offices is fueling product development.
Main market players
The major market players are Ernesto Ventos SA, Alteya Organics, LLC, Firmenich International SA and others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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