Rose Oil Market by Competitor Analysis, Regional Portfolio, and Forecast 2030
Rose Oil Market Overview
The rose oil market growth will be at a rate of 8.19% during
the evaluation period (2020 to 2030), says Market Research Future (MRFR). The
market value by the end of 2030 should be around worth USD 620.5 million,
expects MRFR.
Market Drivers and Key Restraints
Consumers’ mounting interest in personal grooming and their
willingness to explore new brands has resulted in booming sales of products
infused with rose oil. Moreover, the soaring demand for beauty and cosmetic
products containing natural ingredients like rose oil benefits the global
industry as well. The business value is further augmented by the rising
prominence of e-retailing. E-retailing plays a significant role in the booming
sales of foreign and local brands through online portals.
Attractive packaging has emerged as a significant trend,
with many manufacturers using sustainable and aesthetic packaging to gain the
attention of more consumers. Manufacturers are introducing new products like
perfumes and personal care products infused with rose oil in appealing
packaging. The soaring number of perfume users worldwide should enhance the
rose oil market share in the years to come.
Most of the contenders are joining hands with popular
e-commerce companies to establish their own e-commerce sites. This helps them
have a higher consumer reach, particularly in emerging nations where online
shopping has picked up significant pace in recent years. Surge in the economic
standards of developing regions and the escalating preference for luxury items
among consumers will be a striking opportunity for the global vendors as well.
Leading Contenders
Sigma-Aldrich, Inc., Ernesto Ventos SA, Alteya Organics,
LLC, Givaudan SA, irmenich International SA, Symrise AG V, MANE FILS SA,
Robertet SA, International Flavors & Fragrances Inc and BERJÉ INC are the
top rose
oil key market players.
Market Segmentation
The rose oil market overview has been classified with
respect to type, category, and application.
Rose absolute, rose otto, and others are the primary types
of rose oils in the market.
The major categories discussed in the research study are
conventional as well as organic. Heightened preference for organic cosmetic
products has boosted the demand for rose oil. Consumers are now more inclined
towards herbal products, especially when it comes to skin care. Additionally,
the organic certification associated with rose oil helps manufacturers gain
more end-users from the organic cosmetic sector, thereby fostering market
demand.
Top applications of rose oil include foods and drinks,
fragrances and perfumes, cosmetics and toiletries, and more. The dramatic
growth of the fragrance sector has been favourable for the rose oil industry.
Numerous luxury brands offer rose-textured scents to spark the interest of more
female consumers. The use of rose oil has increased considerably in various
aromatic room fresheners, including sticks, gels, and candles. Rose-oil’s
multi-functional properties raises its use as a chief ingredient in a variety
of skin and cosmetic products. Plus, extensive product use in the treatment of
numerous skin ailments happens to be an important growth booster.
Regional Outlook
Europe is the biggest rose
oil market, as the majority of the population in the region prefers
products infused with natural and organic ingredients. As a result, the demand
for rose oil is extremely high, especially in the United Kingdom, Germany,
France, Spain, and Italy. Many of the reputed brands in Europe focus on
launching a variety of products infused with rose oil, in view of the massive
consumer base for the same.
Japan, China, New Zealand, Australia, and India are the
important markets in Asia Pacific, with the region expected to garner the
fastest growth rate in the years ahead. The surging consumer expenditure and
the advancing living standards in the region will ensure significant market
growth in the next several years. Aggressive advertising and promotional
activities via social media and the soaring popularity of online retail
channels in the region adds to the business value as well.
Latest Updates
January 2022
Snif, a popular perfume brand, has added a new Fragrance
Collection 3 to its perfume collection. The range now comprises three new scents,
ranging from sweet and smoky, to warm and juicy. One of the perfumes, “Burning
Bridges” contains a blend of rose absolute, Madagascar vanilla, and iris.
NOTE: Our Team of Researchers are Studying Covid19 and
its Impact on Various Industry Verticals and wherever required we will be
considering Covid19 Footprints for Better Analysis of Market and Industries.
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