According to 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 expected to register 6.57% CAGR with a valuation of USD 494.14 million over 2021-2027.   Surging adoption of product in cosmetics, pharmaceuticals, perfume, aromatherapy, personal care products, and other end-user sectors, coupled with cognizance of beneficial organic ingredients in essential oils are augmenting the growth of global rose oil industry. As per statistics provided by the Organic Trade Association (OTA) the sales of organic products reached to USD 55.1 million in 2020 from USD 50.1 million in 2019. Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/3862703/ For the unversed, rose oil is an essential oil extracted from rose petals by using steam distillation, supercritical carbon dioxide extraction, solvent extraction, and other methods. Soaring research and development initiatives, along with growing trend of organic lifestyle is also expected to propel the expansion of worldwide rose oil industry over the analysis period.   On the contrary, high cost of cultivation of various kinds of rose for producing oil coupled with expensive organic products may restrain the market outlook during the stipulated timeframe.

 

In terms of product gamut, global rose oil industry is bifurcated into organic and conventional. Speaking of application terrain, the marketspace is classified into pharmaceuticals, food & beverages, and fragrance & cosmetics.

 

As per expert verbatim, regionally, Europe acquired major portion of worldwide rose oil market share in the past year, attributable to availability of key cosmetics manufacturers in the region, and increasing demand for natural oils and products.
 

Parallelly, Asia Pacific industry is anticipated to record strong growth rate over 2021-2027, accredited to surging sales of herbal products and pharmaceuticals.
 

Some of the leading players in global rose oil market are Berjé Inc, Givaudan, Alteya Organics LLC, International Flavors & Fragrances Inc., Robertet Group, Symrise AG, MilliporeSigma, Mane S.A., Ernesto Ventós S.A., and Firmenich S.A. among others.