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Rosehip Extracts Market size to exceed $780 Mn by 2030

  • Published Date: November 3, 2022

Rosehip Extracts Market size is anticipated to be worth over USD 780 million by 2030, as per a new research report announced by Global Market Insights Inc.

Increased intake of dietary supplements is a prominent driver for industry growth. As per data from the CDC, nearly 116 million adults have hypertension in the U.S. Rosehip botanical extract supplements can boost the immune system and relieve symptoms of diseases including high BP, immune deficiency, and stomach issues.

Rosehip extract powder is also utilized in the pharma and nutraceutical industries to treat arthritis and joint discomfort. With the increasing burden of these health conditions, dietary supplement consumption will rise and in consequence, promote rosehip extract manufacturing.

High intake of natural protein supplements to augment the use of rosehip extract powder

Rosehip extracts market share from the powder segment was worth USD 185 million in 2021. The adoption of rosehip extract powder is expected to surge considerably, given the widespread application scope of the product in food and drink products. These include coffee, tea, and healthy snacks. The versatility of powder-based rosehip extracts is thus encouraging its usage as an ingredient in various food and beverage products, raising consumer awareness regarding its benefits and supporting manufacturers.

Rise in skin disease prevalence to boost usage of cosmetic-grade rosehip extracts

Cosmetic grade segment was valued at over USD 115 million in 2021. Rosehip extracts are rich in collagen and are used in the formulation of numerous personal care and cosmetic products to rejuvenate and protect the skin. Climate change and the increased prevalence of skin diseases have amplified the demand for skincare products. The report reveals that these factors, along with the awareness of the therapeutic benefits of concentrated plant materials, will facilitate the production of personal care solutions containing ingredients such as rosehip extracts.

Browse key industry insights spread across 263 pages with 288 market data tables and 16 figures & charts from the report “Rosehip Extracts Market Size, By Product (Oil, Powder), By Grade (Food Grade, Cosmetic Grade) By Application (Pharmaceuticals & Nutraceuticals, Personal Care & Cosmetics {Hair Care, Skin Care}, Foods & Beverages {Tea, Jam, Soup}, Animal Feed), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022 – 2030”, in detail along with the table of contents:

Rising functional food & beverage consumption to propel rosehip extract demand

Rosehip extracts market share from the foods & beverages application segment will depict over 9% CAGR through 2030, given the high consumption of natural food additives and adoption of healthier dietary habits. Due to the changing consumer preferences, targeted nutrient enhancement will assert a significant impact on the health and nutrition industries worldwide. The report claims that increased knowledge about the health-related benefits of functional foods and beverages will further augment the usage of rosehip extracts, among other ingredients, to add to the nutritional value of such products.

Preference for direct-to-consumer purchases during COVID-19 crisis

Based on the distribution channel, the rosehip extracts market share from the direct segment is poised to exhibit over 9.5% CAGR through 2022-2030. This is on account of the pivot towards direct purchases to limit shopping in third-party stores during the COVID-19 pandemic. The direct product distribution channel will further gain momentum, considering its high marginal benefits for manufacturers. The report further cites that seamless product delivery to end-users, bypassing suppliers, wholesalers, distributors, retailers, and other intermediaries will also proliferate rosehip extract sales from direct channels.

Asia Pacific to serve as a prominent production hub for rosehip extract manufacturers

Asia Pacific rosehip extracts industry is set to register over 9.5% CAGR through 2030, due to strong demand for naturally sourced ingredients and food additives. The region has also emerged as a key destination for advanced feed manufacturers, contributing to rosehip extract production. Additionally, the rapid introduction of effective functional foods and beverages enriched with ingredients such as rosehip extracts will further strengthen the regional industry outlook.

Business expansion strategies by major players to strengthen the industry outlook

Competitive landscape of the rosehip extracts market is inclusive of companies such as Afriplex, ParkAcre Enterprises Ltd., Avi Naturals, Spectrum Chemical, FOODCHEM, Xi'an Green Spring Technology Co., Ltd, Leven Rose, and Energeia Lifesciences Pvt. Ltd., among others. These market players are implementing strategies including product range and business expansions, collaborations, mergers, and acquisitions to increase their customer base and strengthen their presence across the global industry.

Authors: Kunal Ahuja, Tushar Malkani