Global Rose Oil Market Size, Share, Trends, Demand, Report: By Product: Organic, Conventional; By Application: Food and Beverage, Cosmetics and Fragrances, Pharmaceuticals, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Value Chain Analysis; Competitive Landscape; 2024-2032

Global Rose Oil Market Outlook

The global rose oil market size reached approximately USD 346.93 million in 2023. The market is projected to grow at a CAGR of almost 6.9% between 2024 and 2032.

Key Takeaways

• Beyond its traditional uses, rose oil finds applications in a wide range of products, including skincare and healthcare.

• Innovative technologies such as supercritical CO2 extraction are enhancing the efficiency and quality of rose oil production.

• Europe holds the largest market share due to its rich history of perfumery and cosmetics.

Rose oil is an essential oil obtained from the petals of different kinds of roses via the process of steam distillation and others. This essential oil is prepared from fresh flowers and offers an extremely rich, sweet, deep, warm, and ethereal fragrance, which is suitable for all climates and occasions. It is used to manufacture cosmetic products like perfumes and lotions and is also used as a flavouring agent in products like ice creams and beverages.

The rose oil market growth is driven by its growing demand to manufacture organic and herbal products in the cosmetics sector as well as its growing use as a flavouring agent. The use of rose oil is growing in the cosmetics sector as it contains several vitamins, minerals, and antioxidants coupled with its excellent emollient properties to moisturise dry skin. In the food and beverage sector, rose oil is used as a flavouring agent to add a touch of rose flavour to products like soft drinks, jams, and ice-creams, among others. The rising disposable incomes, growing consumer focus on wellness and grooming, and incorporation of rose oil by various luxury brands in their product range to grab consumer attention are aiding the rose oil market development.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Key Trends and Developments

Sustainability and ethical sourcing; expansion in aromatherapy and wellness; innovation in extraction technologies; and influence of global beauty trends are the major trends impacting the rose oil market expansion

December 8th, 2023

Robertet S.A, a French-based fragrance and flavour company, announced that it is aiming to invest between €2 million and €10 million in the Indian market over the next decade.

April 23rd, 2023

Himachal Pradesh, a state-based in India, is anticipated to invest in rose crops for the commercial production of rose oil to boost the domestic rose oil market.

April 4th, 2023

Givaudan, a provider of fragrance and beauty products, announced the acquisition of the cosmetic ingredient’s product portfolio from Amyris, Inc. company.

May 31st, 2022

Firmenich, a provider of rose oil announced its merger with DSM company to boost its products in the nutrition, beauty and well-being sectors.

Sustainability and ethical sourcing in rose oil market

Consumers are increasingly concerned about the impact of the products they purchase which has led to a demand for sustainably sourced and ethically produced rose oil.

Expansion in aromatherapy and wellness

The global interest in wellness and natural health solutions has boosted the aromatherapy market, where rose oil is prized for its therapeutic properties.

Innovation in extraction technologies

Advances in extraction technologies, such as supercritical CO2 extraction, are making it possible to produce rose oil with higher purity and efficiency.

Influence of global beauty trends

Beauty trends, especially from influential markets like South Korea (K-Beauty) and Japan (J-Beauty), are promoting the use of natural ingredients like rose oil.

Rose Oil Market Trends

The global interest in wellness and natural health solutions has had a significant impact on the aromatherapy market, with rose oil emerging as a highly valued component due to its therapeutic properties. Rose oil is believed to have antidepressant, anti-inflammatory, and antispasmodic qualities, among others, and its scent is also renowned for being a powerful mood enhancer, capable of relieving stress, fighting anxiety, and promoting feelings of well-being and happiness. These properties make it a sought-after ingredient in the realm of aromatherapy, where the focus is on healing and soothing the mind, body, and spirit.

Players in the rose oil market are investing in emerging markets to expand their reach and diversify their presence. Robertet S.A., a French-based company specialising in fragrances and flavors, announced in December 2023 that it intends to invest between €2 million and €10 million in the Indian market over the next decade. By investing in the Indian market, Robertet S.A. is diversifying its market presence, reducing its dependence on traditional markets, and mitigating risks associated with economic fluctuations in other regions.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Market Segmentation

“Rose Oil Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Product

• Organic

• Conventional

Market Breakup by Application

• Food and Beverage

• Cosmetics and Fragrances

• Pharmaceuticals

• Others

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

Conventional rose oil accounts for a major rose oil market share owing to its widespread availability and cost-effectiveness

The conventional segment accounts for a major share of the market. Conventional rose oil is produced through established methods that have been refined over centuries. These methods prioritise volume and have been optimised for efficiency, making it possible to produce rose oil at a scale that meets global demand. Conventional rose oil, being more abundantly available and often less expensive than organic variants, is widely used in numerous products, from high-end perfumes to everyday skincare items. The conventional production of rose oil typically involves non-organic fertilisers and pesticides, allowing for higher yield rates at lower costs compared to organic farming practices. This cost-effectiveness makes conventional rose oil more accessible to a broader market, both for producers and consumers.

The organic segment is anticipated to witness significant growth in the forecast period due to the rising consumer awareness regarding the use of natural products over artificial ones and its increased demand, particularly from the cosmetics and personal care sectors.  Organic rose oil is also often perceived to have superior therapeutic and aromatic qualities due to the absence of synthetic chemicals in its cultivation and extraction processes. This perception can drive demand among consumers looking for high-quality, natural ingredients in their cosmetics.

The cosmetics and fragrances segment maintains its dominance in the market due to the high demand for floral fragrance

The cosmetics and fragrances segment occupies a major share of the rose oil market owing to the product’s increased use in manufacturing perfumes with a floral and fruity essence. Rose oil is renowned for its rich, deep, and multifaceted scent, making it a favourite among perfumers. It can serve as a central note in a fragrance, offering a luxurious, floral aroma that's both intense and delicate. This versatility makes it a staple in both traditional and contemporary perfumery, used in everything from high-end fragrances to everyday scented products. Moreover, in order to satisfy the growing consumer demand for organic products, manufacturers are using rose oil to manufacture premium quality products, which is driving the growth of the segment.

The food and beverages sector is anticipated to witness robust growth in the rose oil market in the coming years. Rose oil imparts a distinct, floral flavour that is both delicate and aromatic, making it a prized ingredient in gourmet cooking and beverage formulation. It is used to flavour a variety of products, including confectionery (like chocolates and candies), baked goods, and even some savoury dishes.

Competitive Landscape

The market players in rose oil market are investing in research and development to innovate in the extraction and processing of rose oil

Ernesto Ventos SA, founded in 1958 and headquartered in Barcelona, Spain, specializes in natural essential oils, aroma chemicals, and specialty ingredients.

Alteya Organics, LLC, established in 1999 in the Valley of Roses, Bulgaria, focuses on organic rose oil and rose water, along with face creams, serums, and sunscreens.

Firmenich International SA, tracing its roots back to 1895 in Geneva, Switzerland, is renowned for its fragrances, flavors, and ingredients catering to the consumer goods and food sector.

Robertet Groupe, with origins dating back to 1850 in Grasse, France, is dedicated to sourcing and processing natural raw materials, providing fragrance compounds for fine perfumery, personal care, and home care products.

Other players in the rose oil market are Visagenics Premium Essential Oils, BERJÉ INC, Merck KGaA, and Enio Bonchev, among others.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Rose Oil Market Analysis by Region

The demand for rose oil in Europe is shaped by a combination of cultural preferences, regulatory standards, and a strong inclination towards natural and organic products. Europe, with countries like France and Italy at the forefront, has a rich history and a globally recognised tradition in perfumery and cosmetics and this heritage creates a continuous demand for high-quality natural ingredients like rose oil, known for its exquisite fragrance and beneficial skin properties. The European Union has strict regulations regarding cosmetic and food products, particularly concerning the use of synthetic chemicals and additives and this regulatory environment favours the use of natural ingredients like rose oil, perceived as safer and more sustainable options.

The rose oil market in the Asia Pacific is expected to witness sizeable growth in the foreseeable future. In many Asian cultures, roses and rose oil have been used for centuries in traditional medicine, religious ceremonies, and personal care rituals. Countries like India and China have a long history of using rose oil in Ayurvedic and traditional Chinese medicine, respectively, for its purported health benefits, including anti-inflammatory and mood-enhancing properties, which boost product demand.

Key Highlights of the Report

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.