The global rosehip extract market is growing rapidly, with increasing demand from a variety of industries. This growth is being driven by the rising popularity of natural and organic products, as well as the growing awareness of the health benefits of rosehip extract. A new research report on the rosehip extract market has been released, providing insights into the market size, growth, and segmentation by application and region.
Market Segmentation:
- By Application: The rosehip extract market can be segmented into four categories – food and beverage, cosmetics, pharmaceuticals, and others. The food and beverage segment is expected to dominate the market due to the increasing demand for natural and organic ingredients in food products.
- By Region: The rosehip extract market can be segmented into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. Europe is expected to be the largest market for rosehip extract due to the high demand for natural and organic products in the region.
Market Size and Growth:
The global rosehip extract market is expected to grow at a CAGR of over 6% between 2021 and 2026. The market was valued at USD 173 million in 2020 and is expected to reach USD 240 million by 2026. The rising demand for natural and organic ingredients, as well as the growing awareness of the health benefits of rosehip extract, are expected to drive the growth of the market in the coming years.
Key Players:
The key players in the rosehip extract market include Green Pasture, Nexira, Maypro Industries, Swanson Health Products, Inc., Aromaaz International, Mountain Rose Herbs, Inc., Jiaherb Inc., and others. These players are focusing on research and development to develop new and innovative products, as well as expanding their product portfolios to meet the growing demand for rosehip extract.
Conclusion:
The rosehip extract market is growing rapidly, driven by the increasing demand for natural and organic products and the growing awareness of the health benefits of rosehip extract. The market can be segmented by application and region, with the food and beverage segment and Europe expected to dominate the market. Key players in the market are focusing on research and development to develop new and innovative products to meet the growing demand. The rosehip extract market research report provides insights into the market size, growth, and segmentation, which can help businesses make informed decisions about their strategies and investments in this market.
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