Rosehip extract is a natural ingredient that has gained popularity in recent years, thanks to its numerous health benefits. The extract is derived from the rosehip fruit, which is the fruit of the rose plant. Rosehip extract is rich in vitamins, antioxidants, and essential fatty acids, making it a valuable ingredient in various industries, including pharmaceuticals, cosmetics, and food and beverages.
The global rosehip extract market is projected to grow at a significant rate in the coming years, with increasing demand from consumers who are looking for natural and organic products. According to a report by Grand View Research, the global rosehip extract market size was valued at USD 123.4 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 8.3% from 2021 to 2028.
One of the major drivers of the rosehip extract market is the increasing demand for natural and organic products. Consumers are becoming more conscious of what they consume and are looking for natural and organic ingredients in their food, cosmetics, and skincare products. This trend has led to a surge in demand for natural ingredients like rosehip extract.
Moreover, the health benefits of rosehip extract have also contributed to its popularity. Rosehip extract is a rich source of vitamin C, which is essential for a healthy immune system, skin, and bones. It also contains antioxidants that protect the body from damage caused by free radicals. Rosehip extract has anti-inflammatory properties and has been found to be effective in treating osteoarthritis and other inflammatory conditions.
The cosmetic and skincare industry is also a major contributor to the rosehip extract market. Rosehip oil is widely used in skincare products due to its moisturizing and anti-aging properties. It helps to reduce the appearance of fine lines and wrinkles and improves skin elasticity.
On the other hand, the high cost of rosehip extract is one of the major challenges faced by the market. The extraction process is time-consuming and labor-intensive, which increases the cost of production. This makes rosehip extract relatively expensive compared to other natural ingredients.
The rosehip extract market is highly competitive, with several players competing for market share. Key players in the market include L’Oréal S.A., Croda International Plc, Nexira Inc., and others. These companies are focusing on product innovation and development to stay ahead of the competition. For instance, in January 2021, Croda International Plc launched a new rosehip seed oil that is sustainably sourced and produced using green chemistry.
In conclusion, the rising demand for natural and organic products, coupled with the numerous health benefits of rosehip extract, is driving the growth of the global rosehip extract market. However, the high cost of production is a major challenge that needs to be addressed. The market is expected to witness continued growth in the coming years, with key players focusing on product innovation and development to meet the growing demand from consumers.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Everest Market Insights journalist was involved in the writing and production of this article.
