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.
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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.
Further key findings from the report suggest:
- 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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Key Topics Covered
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Rose Oil Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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