Rose Oil Market Regional Analysis, Key Players, Opportunities and Forecast to 2023

 Market Highlights

Rose oil has been used in aromatherapy very commonly, due to its fragrance and therapeutic effect. Damascus rose, and centifolia roses are two of the major species, from which rose oil is extracted through the process of solvent extraction and steam distillation. The chemical components used to make the oil are Citronellol, Citronellyl Acetate, Citral, Carvone, Ethanol, Eugenol, Farnesol, Methyl Eugenol, Stearpoten, Nonanal, Nerol, Phenyl Acetaldehyde, Phenyl Geraniol, and Phenylmethyl Acetate. These components help to the overall health of the body in different ways and are, therefore, equally essential for wellbeing.

Based on type, the global rose oil market has been segmented into rose otto and rose absolute. The rose otto segment is anticipated to gain the largest revenue share in the global rose oil market and is expected to maintain the lead throughout the forecast period. Rose otto oil are being used in various applications such as pharmaceuticals, fragrances, cosmetics, toiletries and others due to the health benefits offered by the oil. This is a crucial determinant that is catalyzing the growth of rose otto segment in the global rose oil market. The same segment is expected to grow with the highest growth rate owing to the growth of end-use industries such as cosmetics & toiletries and fragrances and perfumes in which rose otto oil is used.

The global rose oil market has been segregated, by category, into organic and conventional. The conventional segment is expected to garner major share in the global rose oil market owing to the huge availability of conventional rose oil. However, the organic segment is anticipated to project a higher CAGR during the forecast period due to the rising inclination of consumers towards organic products.

The global rose oil market has been segregated, by application, into food & beverages, fragrances & perfumes, cosmetics & toiletries, and others. The cosmetics & toiletries segment is projected to gain largest share in the global rose oil market due to the major application of rose oil in various skincare, make up and personal care products. The antioxidant, antibacterial, astringent, antidepressant, and anti-inflammatory properties of rose oil categorize it as an essential ingredient in different cosmetics and personal care products. However, the fragrances & perfumes segment is anticipated to grow with the highest growth rate during the forecast period owing to the significant growth of fragrances & perfumes sector.

Key Players:

Some of the key players in the global market are Sigma-Aldrich, Inc. (US), Ernesto Ventos SA (Spain), Alteya Organics, LLC (US), Givaudan SA (Switzerland), Firmenich International SA (Switzerland), Symrise AG (Germany), V. MANE FILS SA (France), Robertet SA (France), International Flavors & Fragrances Inc. (US), and BERJÉ INC. (Switzerland).

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Market Segmentation

The global rose oil industry has been segmented based on type, category, application, and region.

By type, the global rose oil industry has been classified as rose otto, rose absolute and others.

Based on category, the market is segregated as organic and conventional.

By application, the market is categorized into food & beverages, fragrances & perfumes, cosmetics & toiletries, and others.

Regional Segmentation

The global rose oil industry has been segmented on the basis of region, into North America, Europe, Asia-Pacific, Rest of the World.

Europe is expected to dominate the global rose oil market owing to the large production of rose oil in the region. Countries such as are among Bulgaria, Russia and France are the largest producers of rose oil in the region.

Asia-Pacific and RoW rose oil industry are expected to grow at a rapid pace due to the surging production and consumption of rose oil in the regions. Moreover, North America is also expected to project a significant market share owing to the increasing awareness regarding the health benefits of rose oil and growing cosmetic and toiletries industry in the region

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