Pune, 14, May, 2024: Stellar Market Research, a Consumer Goods & Services business research firm has published a report on the “Rose Oil Market”. The total market opportunity for Rose Oil Market was USD 296 Mn in 2023 and is expected to grow at 7 percent CAGR through the forecast period by reaching nearly USD 475.31 Mn.
Rose Oil Market Report Scope and Research Methodology
Market Size in 2023 USD 296 Mn.
Market Size in 2030 USD 475.31 Mn.
CAGR 7 % (2023-2029)
Forecast Period 2024-2030
Base Year 2023
Number of Pages 274
No. of Tables 115
No. of Charts and Figures 113
Segment Covered Type, Product, and Application
Regional Scope North America, Europe, Asia Pacific, Middle East and Africa, South America
Report Coverage Market Share, Size & Forecast by Revenue | 2024−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, Stellar Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.
This research report includes a detailed analysis of the strategies employed by the leading companies in the Rose Oil industry, as well as a detailed look at the market segments and geographical areas. An extensive analysis of opportunities, challenges, drivers, and constraints is provided by the Rose Oil Market Research by looking at market dynamics at the regional and segment-specific levels. To increase its usefulness as an investor’s guide, more information on import/export consumption, supply and demand, price, cost, and gross margins is also given.
The Rose Oil Market study collected data using primary and secondary research techniques, which were then combined to guarantee the report’s veracity. The main study that is being presented is based on the distribution of questionnaires, surveys, and phone interviews with industry professionals that specialize in rose oils, as well as market leaders and entrepreneurs. Using the bottom-up approach, the size of the rose oil market has been calculated on a global and regional scale. A SWOT analysis was conducted on the leading companies in the Rose Oil business to ascertain their advantages and disadvantages.
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Rose Oil Market Overview
The market for rose oil is gaining popularity because of its natural and organic ingredients, antispasmodic, antidepressant, and anti-bacterial properties. It offers a safe alternative to allopathic solutions and provides calmness and relaxation because of its pleasant scents. The shift from synthetic skin care products to herbal items for healthy skin has driven the consumption of rose oil in cosmetic products. The oil is used to treat skin problems like irritation and depression, and its antioxidant properties help reduce signs of aging skin.
Rose Oil Market Dynamics
Rose oil is an important oil derived from the petals of various rose species, derived through steam distillation. Its rich, sweet, deep, warm, and ethereal fragrance is suitable for all climates and occasions. Rose oil is used in cosmetics, such as perfumes and lotions, and as a flavouring agent in ice creams and beverages. The rose oil market growth is driven by the demand for organic and herbal products in the cosmetics sector and its use as a flavouring agent. Rose oil contains vitamins, minerals, and antioxidants, making it ideal for moisturizing dry skin. In the food and beverage sector, it is used as a flavouring agent in soft drinks, jams, and ice creams. Rising disposable incomes, consumer focus on wellness and grooming, and luxury brands incorporating rose oil into their product range contribute to its growth.
Rose Oil Market Regional Insights
Europe demand for rose oil is driven by a desire for natural and organic products, cultural preferences, and legal requirements. Because of their lengthy histories in fragrance and cosmetics, France and Italy have a significant market for premium natural components like rose oil. The use of natural substances, such as rose oil, is encouraged by the European Union’s strict regulations on synthetic chemicals and additions since they are seen to be safer and more environmentally friendly.
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Rose Oil Market Segmentation
By Type
- Rose Otto
- Rose Absolute
- Others
By Product
- Organic
- Conventional
Based on Product, The organic segment is expected to grow because of rising consumer awareness of natural products, especially in cosmetics and personal care. Organic rose oil is viewed as having superior therapeutic and aromatic qualities due to its absence of synthetic chemicals. This drives demand for high-quality, natural ingredients in cosmetics. The conventional segment, which accounts for a significant share of the market, produces conventional rose oil through refined methods, involving non-organic fertilizers and pesticides, making it more accessible to a broader market.
By Application
- Food and Beverage
- Cosmetics and Fragrances
- Pharmaceuticals
- Others
Based on Application, Rose oil is increasingly used in perfumes with a flowery and fruity essence, with the cosmetics and fragrances segment holding a significant share of the rose oil market. Perfumers appreciate its complex, rich scent, which is suitable for both luxury and daily items. Rose oil is a staple in both traditional and modern perfumery, and producers are creating high-quality products to meet customer demand for organic items, driving market growth.
Rose Oil Key Competitors include:
- G.Organica – India
- Ventos – Brazil
- Alteya Organics -Bulgaria
- Firmenich – Switzerland
- Robertet – France
- BERJÉ INC. -United States
- Rocky Mountain Oils, LLC – United States
- Alba Grups Ltd – Bulgaria
- Bulgarian Rose – Bulgaria
- Albert Vieille – France
- PerfumersWorld – United Kingdom
- Visagenics Premium Essential Oil -United States
- Kush Aroma Exports – India
- Trade India – India
- Chidoriya World – Japan
- Rikumo – United States
- Essential Oils Company – China
- Moksha Lifestyle Products -India
- Ajmal Biotech Pvt. Ltd – India
- Oelfaktorisch Korperole – Germany
- sigma-aldrich-United States
- Inc
- Key questions answered in the Rose Oil Market report are:
- What growth strategies are the players considering to increase their presence in Rose Oil Market?
- Who are the leading companies and what are their portfolios in Rose Oil Market?
- What are the major challenges that the Rose Oil Market could face in the future?
- Which region held the largest Rose Oil Market Share in 2023?
- What is Rose Oil?
- Which market segment held the largest share of the global Rose Oil Market in 2023?
- What are the global trends in the Rose Oil Market?
- What are the upcoming industry applications and trends for the Rose Oil Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for Rose Oil Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2024−2030
- Rose Oil Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Rose Oil Market Segmentation – A detailed analysis by Type, by Product, by Application and Region
- Competitive Landscape – Profiles of selected key players by region in a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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About Stellar Market Research:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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Website: https://www.stellarmr.com/report/Rose-Oil-Market/1861