What is Rosemary Extract Market?
The global Rosemary Extract market is witnessing high demand in the forecasted period due to rising use in the food industry and pharmaceutics. Rosemary extract is a flavoring and natural food preservative obtained from the rosemary plant. It has various health benefits and thus is used in the development of pharmaceutical drugs. It is generally used as powerful antioxidants. it helps to increase the potency of vitamin E, reduce hypertension and allergy symptoms, especially to dust mites, and others.
The market study is being classified by Type (Carnosic acid, Rosemarinic acid, Essential oil and Others), by Application (Food industry [Sauces, Dressings, and Condiments, Bakery and Confectionery, Dairy Products, Others], Beverages [Specialty Drinks, RTD Tea, Others], Household chemicals, Nutraceuticals, Pharmaceuticals and Others) and major geographies with country level break-up.
Danisco (DuPont Nutrition & Health) (Denmark), Geneham Pharmaceutical Co.,Ltd. (China), Kemin Industries, Inc. (United States), Hainan Super Biotech Co., Ltd. (China), Frutarom Industries Ltd. (Isreal), FLAVEX Naturextrakte GmbH (Germany), Kalsec Inc. (United States), Guangzhou Honsea Sunshine Biotech Co., Ltd (China), Naturalin Bio-Resources Co., Ltd. (China) and Changsha E.K. Herb Co., Ltd. (China) are some of the key players profiled in the study.
Leading key players are focusing on strategic partnerships to improve their products and services. Companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Research Analyst at AMA predicts that Chinese Players will contribute to the maximum growth of Global Rosemary Extract market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Rosemary Extract market by Type, Application and Region.
On the basis of geography, the market of Rosemary Extract has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- High Demand due to Features such as Nutritional, Safety and Therapeutic Effects
- The Growing Consumer Inclination towards Herbs and Spice Extracts
Market Trend
- The high adoption from various applications including food & beverages, cosmetics, pharmaceuticals, households, and increasing inclination for natural and organic food preservatives over artificial counterparts help to trigger the global Rosemary Extract market in the forecasted period.
Restraints
- The Concern Regarding the Availability of Artificial Preservatives
- Lack of Consumption of Rosemary Extract may affect Consumer Heath and also may because vomiting, coma, and pulmonary edema.
Opportunities
- High Growth due to Continuous Development and Innovation to Use Rosemary Extracts in Different Industrial Applications
- Increasing Consumer Interest in The Field of Ayurveda
Challenges
- The Stringent Government Regulations
Key Target Audience
Rosemary Extract Providers, Government Regulatory Bodies, Private Research Organizations, Government Research Organizations and Others