Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 12.1 Billion | USD 24.3 Billion | 11.1% | 2022 |
FrequentlyAsked Questions
Rose oils are a kind of essential oil that is derived from the petals of various kinds of roses. It is derived with the help of steam distillation with rose absolutes obtained through the help of solvent with the former being utilized in perfumes. Reportedly, rose oil finds a plethora of applications in aromatherapy, personal care & cosmetic industry, and perfumes. Demand for curing anxiety, stress, depression, menstrual cramps, menopausal symptoms, and migraines has led to huge demand for rose oils.
The global rose oil market is projected to expand over 2023-2030 due to the ability of rose oil in tackling inflammation and redness of the skin. In addition to this, users who have dry and sensitive skin prefer rose oil which helps in moisturizing the skin for an elongated period. The move is likely to expedite the growth of the global market. Rise in disposable income of customers has led to massive purchases of skincare items, thereby enhancing the growth of the market across the globe.
According to study, the global rose oil market size was $12.1 billion in 2022 and is projected to reach $24.3 billion by the end of 2030.
The global rose oil market is anticipated to record a CAGR of nearly 11.1% from 2023 to 2030.
The Asia-Pacific rose oil industry is set to register the fastest CAGR over the forecasting period subject to the strong presence of pharmaceutical firms in the countries such as India, China, Singapore, Malaysia, and Japan. Rise in the use of herbal products for treating skin ailments will further spur the regional market surge.
The global rose oil market is led by industry players such as Alteya Organics, LLC; Firmenich International SA; Sigma-Aldrich, Inc.; MANE FILS SA; Symrise AG; Ernesto Ventos SA; Givaudan SA; Baker v. International Flavors & Fragrances Inc.; Robertet SA; and BERJÉ INC.
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