Rose Oil Market Analysis Report by Application, By Product And Segment Forecasts From 2019 To 2025

Industry Insights

The global rose oil market size was accounted for USD 278.7 million, in 2018. It is estimated to grow at 6.8% CAGR throughout, 2019 to 2025. Nowadays, organic products are preferred by most people. They demand products that contain a large number of natural ingredients. A pleasant fragrance of rose oil provides a sense of relief and peacefulness. Moreover, rose oil can also be used as a substitute for allopathic medicines because it has anti-fungal, antispasmodic, and antidepressant properties. These factors are expected to proliferate the growth of the market over the forecast period.

The tastes of consumers are rapidly changing with the growing awareness of health and wellness. They are more inclined towards herbal and organic products compared to synthetic cosmetic products. This has increased the demand for organic and herbal skin care products. Further, rose oil is an essential oil, which can be used effectively in different cosmetic products that helps in soothing the skin by preventing various skin-related issues. It helps in healing skin injuries and reduces depression levels by providing calmness. It reduces fine lines and wrinkles because it possesses essential vitamins that act as antioxidants.

Rose oil is highly preferred by consumers with sensitive skin types. It soothes the skin by reducing inflammation and redness. It also helps in maintaining an even tone by removing dullness and uneven patches from the skin. The segment of the population having extremely dry skin is highly demanding the products having rose oil as an active ingredient. This factor is anticipated to boost the rose oil market in the upcoming years. Nowadays, people are more focused on the quality of the products, therefore they ignore the price factor. They tend to spend more on buying skincare products because of the increasing skin problems. This factor is expected to proliferate market growth from 2019 to 2025. Furthermore, essential oil can be extracted from different species of rose. These species are largely cultivated in very few countries including China, Bulgaria, and Turkey. Therefore, the majority of countries are dependent on imports from these countries. Moreover, rose oil is a little expensive when compared to other essential oils available in the market. This factor may severely affect the demand for this product during the forecast period, 2019-2025. 

Product Insights

Conventional products held the largest rose oil market share which accounted for 83.8% of the share in 2018. While producing perfumes and fragrances, rose oil is highly cultivated using the conventional method which proliferates the growth of the market segment. These products have no side effects when applied to the skin. They usually produce a pleasant scent that enhances the environment. Moreover, conventional oils are cheaper than organic oils. Hence, conventional oils are generally preferred by most manufacturers as the primary ingredient. This product works more effectively when it is mixed with other essential oils that are available in the market. For example, when rose oil is mixed up with lavender essential oil, the mixture balances the condition of the mind by providing mental and emotional stability.

The segment of organic rose oil has registered the fastest CAGR of around 8.7% during the forecast period. Consumers are more inclined towards organic and natural products. There has been an increasing demand for herbal cosmetic products with organic content. This factor is anticipated to proliferate the segment’s growth over the forecast period. Furthermore, the manufacturers of rose oil having the certification for manufacturing organic rose oil can boost their demand by targeting various popular brands in the cosmetic industry that are into herbal products. 

Application Insights

The application of rose oil in the fragrance and cosmetic industry held the largest share of 70.1%, in 2018. The demand for fruity and floral perfumes is high among consumers. This has facilitated an increase in sales of this segment. Hence, there is a simultaneous growth observed in the markets of fragrance and rose oil. Moreover, women are highly attracted to perfumes that have an aroma of rose. Therefore, most of the premium brands are taking steps to include rose oil as a basic ingredient in their perfumes. Further, different room fresheners, scented candles, gels, and sticks are produced with a fragrance of rose thereby increasing the demand for rose oil. Rose oil has different uses and it can be used to treat various skin-related issues, which is driving the demand for rose oil in the segment of the skincare and cosmetic industry.

Rose oil has witnessed a rising demand from the pharmaceuticals sector. It is the rapidly expanding sector having a CAGR of about 9.9% throughout the forecast period. The antioxidant, antidiabetic, and antifungal properties of rose oil accelerated its demand from pharma industries. The useful life (shelf life) of rose oil is more, which helps in the easier formation of pharma products. Furthermore, this product helps in preventing various diseases like heart diseases, skin-related issues such as acne, and ulcers. It also helps in eliminating the risks of cancer as it purifies the toxic contents present in the body. 

Regional Insights

The market share of Europe in terms of revenue was 40.2%, in 2018. Europe is one of the biggest markets for natural ingredients in the fragrance segment. Products that contain natural and organic ingredients such as natural essential oils are highly demanded in this region. The sale of rose oil is rapidly increasing in various European nations such as the U.K.; France and Germany owing to the presence of major manufacturers in the cosmetic industry.

Asia Pacific has registered the fastest CAGR of around 8.0% during the forecasted period. The rapid increase in the sales of products from the pharmaceutical industry in various nations such as Australia, Japan, China, and India, has driven the growth. The segments of pharmaceutical products such as over-the-counter medicines and prescription medicines have witnessed significant growth, which is affecting the sales of rose oil. Besides, the use of rose oil as an ingredient in most skincare products has been increased gradually because consumers prefer organic and natural products to treat their skin problems. These factors are expected to accelerate regional market growth over the forecast period. 

Rose Oil Market Share Insights

Currently, it has been observed that there is a shift of manufacturing facilities towards nations like Japan and China having a high consumer base to reduce the taxes and duties on imported products. Various strategic initiatives including product innovations, capacity expansions, and mergers and acquisitions are taken to drive the market growth. Leading manufacturers in the market are Ernesto Ventos SA; Firmenich International SA; Alteya Organics, LLC; Sigma-Aldrich, Inc.; V. MANE FILS SA; BERJÉ Inc.; Robertet SA; Symrise AG; International Flavors & Fragrances Inc.; and Givaudan SA. Very few countries such as Turkey and Bulgaria, cultivate different species of roses. Therefore, there is little competition among the suppliers of rose oil.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For this study, Million Insights has segmented the global rose oil market report based on product, application, and region:

• Product Outlook (Revenue, USD Million, 2015 - 2025)
    • Organic
    • Conventional

• Application Outlook (Revenue, USD Million, 2015 - 2025)
    • Fragrance & Cosmetics
    • Pharmaceuticals
    • Food & Beverages

• Regional Outlook (Revenue, USD Million, 2015 - 2025)
    • North America
        • U.S.
    • Europe
        • France
        • U.K.
    • the Asia Pacific
        • China
        • Japan
    • Central & South America
        • Brazil
    • Middle east & Africa
        • South Africa