[FURL=https://www.industryarc.com/Research/Rosemary-Extracts-Market-Research-504501]Rosemary Extracts Market[/FURL] size is valued at $ 215Million by 2019 and is anticipated to grow at a CAGR of 3.7% during the forecast period 2020-2025. The Rosemary Extracts Market growth rate is attributed to the fact that it represents a potential alternative to synthetic food preservatives and satisfies consumer demand for clean label products. Also, owing to the shifting trend of consumers towards natural products, several manufacturers are launching rosemary extract blends for the preservation of meat, poultry and dairy products. Rosemary extract is derived from leaves of Rosmarinus officinalis, a perennial herb. It has three main constituents, rosmarinic acid, ursolic acid, and carnosic acid. Key Takeaways
North America dominated the Rosemary Extracts Market with a share of 34% in the year 2019.
The factors such as shifting trend of consumers towards natural products where consumers are more inclined towards the use of environmentally sustainable food ingredients like herbs and spice extracts are amongst the major factor projected to impel growth of Rosemary Extracts Market.
Continuous development and innovation to use rosemary extracts in different industrial application and increased adoption among various industries, such as food & beverages, pharmaceuticals, household, and cosmetics, and preference for natural and organic food preservatives over artificial counterparts are the key factors owing to the growth in the segment during forecast period 2020-2025.
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By Geography - Segment Analysis
North America dominated the Rosemary Extracts Market with a share of 34% in 2019. The application of Rosemary Extracts has grown rapidly over the last few years owing the demand for herbal extract is trend in the nutraceutical market of North America regions. Due to their potential nutritional, safety and therapeutic effects, rosemary extracts are in great demand in North America. Demand for herbal foods is continuing to grow due to increased interest in various fields of study such as Ayurveda, food industry and pharmaceutics.
Drivers – Rosemary Extracts Market
Increasing demand for organic-based products
Rosemary Extracts Industry Outlook
Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Rosemary Extracts Market. In 2019, Rosemary Extracts Market share is fragmented by the top ten players present in the market. Rosemary Extracts Market top 10 companies are Naturalin Bio-Resources Co., Ltd, Changsha E.K HERB Co., Ltd., Kalsec Inc., FLAVEX Naturextrakte, Frutarom Industries Ltd., Hainan Super Biotech Co., Ltd., Kemin Industries, Geneham Pharmaceutical, Danisco A/S and others.
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