Rosehip oil, without any chemical components or preservatives, is a pure natural plant oil extracted and concentrated from wild rose fruits in South America through special technological methods. The main components of rosehip oil include various unsaturated fatty acids, vitamin C, fruit acid, soft and hard fatty acids, linolenic acid, and sunlight filtering factors.
Overview of Market Development and Analysis of Segmented Markets
With the increasing demand for natural, organic, and environmentally friendly products, rose oil, as a natural vegetable oil with multiple benefits, has received widespread attention, and the global rose oil market has shown a steady growth trend in recent years. According to our research data, the global rosehip oil market is expected to reach $161 million in 2023. In the future, with the increasing consumer awareness and demand for rose oil, as well as the expansion of its application areas, the market size is expected to further expand. It is expected that the global rosehip oil market revenue will increase to $220 million by 2026.
At present, the rosehip oil market mainly includes two product types: rosehip essential oil and rosehip compound oil. Among them, rosehip essential oil dominates the market. According to our data, the estimated revenue for the rosehip essential oil sub-market in 2023 is $129 million, with an estimated market share of 80.12%. From downstream applications, rosehip is mainly used in fields such as skin care and hair care. Among them, the skin care field is its largest downstream application market.
Global Rosehip Oil Market Revenue Forecast and Market Segment Analysis
Source: www.globalmarketmonitor.com
Analysis of the Rosehip Oil Market in Major Regions
Research shows that Europe is the industry's largest revenue market. Data shows that the estimated revenue of the European rose oil market in 2023 is $55.88 million, with an expected revenue share of 34.60%; The Asia-Pacific region is expected to become the world's second-largest rosehip market with a revenue share of 27.57%; The European market is expected to rank third with revenue of $40.99 million and a share of 25.51%.
Global Rosehip Oil Market Revenue and Share Forecast by Region in 2023
Regions
|
Market Revenue (Million USD)
|
Share
|
North America
|
40.99
|
25.51%
|
Europe
|
55.88
|
34.60%
|
Asia Pacific
|
44.07
|
27.57%
|
Latin America
|
11.65
|
7.28%
|
Middle East & Africa
|
8.12
|
5.05%
|
Source: www.globalmarketmonitor.com
Analysis of Market Opportunities and Challenges
Market opportunity: With the
increasing demand for natural organic products from consumers, the rose oil
market will usher in greater development space. At the same time, with the
advancement of technology and the expansion of application areas, the
application scope of rose fruit oil will also be further expanded.
Market Challenges: Although the rose
oil market has broad prospects, there are also some challenges, such as
unstable product quality and price fluctuations. In addition, the increasingly
fierce competition in the international market has put forward higher
requirements for the research and marketing capabilities of enterprises.
For more industry information, please refer to our latest released "China Rosehip Oil Industry Market Research Report 2023-2029".