As cited by the research report titled ‘Global Rose Oil Market Size study, by Product (Conventional and Organic), Application (Fragrance & Cosmetics, Pharmaceuticals, and Food & Beverages) and Regional Forecasts 2021-2027’, available with Market Study Report, global rose oil market was worth USD 316.52 million in 2020 and is projected to grow with a CAGR of 6.57% to accumulate USD 494.14 million over 2021-2027.
 

Rising product demand in various end use sectors like cosmetics, perfume, pharmaceuticals, personal care products, and aromatherapy is a major factor driving global rose oil market growth.  Growing awareness about benefits of organic ingredients in essential oils is also augmenting the overall industry development. Moreover, increasing research & development initiatives and rising trends of organic lifestyle are positively swaying the industry dynamics.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/3862703/
 

For the record, rose oil is a type of essential oil that is extracted from rose petals using methods like steam distillation, solvent extraction, and supercritical carbon dioxide extraction.
 

Speaking of the negatives, high cost of organic products and difficulties in cultivation of various species of rose are likely to hinder market progression over the projected timeline.
 

Based on product type, global rose oil industry is segmented into conventional and organic. Considering application range, the marketplace is categorized into fragrance & cosmetics, food & beverages, and pharmaceuticals.
 

Geographically, Asia Pacific, Europe, North America, and Latin America are the major contributors to overall industry valuation. Experts cite that Europe currently captures a major industry share, owing to rising demand for natural products and oils, along with presence of prominent cosmetic manufacturers throughout the region.
 

Meanwhile, Asia Pacific industry is poised to register a remarkable growth rate over the estimated timeline 2021-2027, on account of growing demand for pharmaceuticals and herbal products which is boosting the demand for rose oil in the region.
 

Prominent players influencing global rose oil industry trends are Symrise AG, Givaudan SA, International Flavors & Fragrances (IFF) Inc., MANE SA, Ernesto Ventós SA, Firmenich International SA, Alteya Organics LLC, Robertet SA, Berjé Inc. and MilliporeSigma (Sigma-Aldrich Corp.).