Rosehip Extracts Market Analysis

Rosehip Extracts Market Analysis

Rosehip extracts market value from the oil product segment was worth USD 150 million in 2021. Due to its rich hydration traits, rosehip oil has been extensively used in the cosmetics and personal care industries. Spending on cosmetics and skin care products has surged in recent years, especially among the teenage population across the U.S. Moreover, the use of collagen-enriched and sun-protecting ingredients in personal care products has been rising, facilitating rosehip oil extraction and usage worldwide.
 

Based on grade, rosehip extracts market size from the food grade segment reached USD 210 million in 2021, considering the growing demand for functional ingredients in the food and beverages and pharmaceutical sectors. This extract is mainly used in the preparation of jam, tea, and other food items, owing to its high Vitamin C content. Several R&D projects are also being introduced to examine metabolic improvement through rosehip extract consumption. These factors, alongside the growing use of the product in the treatment of medical cases including joint damage, will drive the consumption of food-grade rosehip extracts.
 

Rosehip extracts market share from the animal feed application segment will exhibit over 7% CAGR through 2022-2030, given the rise in animal rearing and livestock production. Supplements such as rosehip extracts are used in food products made for animal consumption, in order to offer nutritional benefits and aid in their development. The growing emphasis on the optimization of animal nutrition and welfare and sustainable livestock farming will thus stimulate demand for rosehip extract as a key ingredient in animal feed applications.
 

In terms of the distribution channel, the industry share from the indirect segment will register more than 9.5% CAGR over 2022-2030, owing to the presence of well-established and standard players. The number of companies serving as traders and suppliers of various pharmaceutical products containing rosehip extract to treat health conditions has increased over the years. Additionally, the growing network of wholesalers offering natural extracts will further amplify product sales from indirect distribution channels.
 

Europe rosehip extracts market share is projected to exhibit over 9% CAGR through 2030, as a result of the strong presence of personal care and cosmetics manufacturers in the region. However, the decline in animal feed production may impact the consumption of the product, which is used extensively as a functional ingredient in animal nutrition products. Despite such potential setbacks, the strong application scope of rosehip extract in the pharma industry will help augment the regional industry forecast.