Albany, NY — (PRESS RELEASE JET) — 10/26/2017 — The global rosemary extracts market is likely to surpass US$ 1 billion in revenues, according to a new research added to the vast repository of Market Research Reports Search Engine (MRRSE). The report titled “Rosemary Extract Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017–2027)” offers comprehensive insights on the key factors that are impacting the global rosemary extracts market. The report also provides segment-wise analysis and region-wise analysis to offer readers important facts about this market.
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According to the report, increasing focus on personal care is a key broad factor that is driving the demand for rosemary extracts. Growing awareness on the benefits of aromatherapy and preservatives are also likely to boost demand for rosemary extracts during the forecast period. Use of herbal extracts in the manufacture of nutraceuticals, especially in Europe is also providing growth opportunities to manufacturers. Use of rosemary in pet food and essential oils made from rosemary extracts and other organic herbs are the other key driving factors for the growth of this market. In the past five years or so, there has been an increasing trend of commercialization of herbs, which has also contributed to the growth of the market.
In a bid to give readers clear and transparent insights on the growth of the market, the report has segmented the market on several parameters. Rosemary extracts are available in the market in powder and liquid form. Currently, the demand for powder rosemary extracts is higher as compared to liquid extracts. However, demand for liquid rosemary extracts is also significant, and by 2027, this segment is likely to account for over 46% revenue share of the market.
Sales of rosemary extracts are largely concentrated through direct and indirect channels. Both these channels are highly attractive for manufacturers and will continue to remain so during the forecast period. Sales through direct channel are likely to remain dominant during the forecast period 2017-2027.
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On the basis of application, demand for rosemary extracts for use in personal care products continues to create growth opportunities. The personal care category will continue to remain lucrative for rosemary extracts manufacturers during the forecast period. The other lucrative application segment for rosemary extracts is pharmaceuticals.
Some of the leading markets for rosemary extracts are the U.S., countries in APEJ, and countries in the Mediterranean. Some of the leading companies profiled in the report include Kerry Group Plc., Ajinomoto Co., Inc., Foodchem International Corporation, Givaudan SA, Symrise AG, Kalsec Inc., Frutarom Industries Ltd., Robertet SA, International Taste Solutions Ltd, Dohler GmbH Takasago International Corporation, Sensient Technologies Corporation, Archer Daniels Midland Company, Firmenich S A, Naturex SA, Organic Herb Inc., Olam International, McCormick and Company, Inc, Synthite Industries Ltd., British Pepper and spice Company.
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