The global Rose Hips Extract market is projected to reach a valuation of US$ 108.2 million by 2029, demonstrating a steady Compound Annual Growth Rate (CAGR) of 3.9% from 2023 to 2029. This growth is attributed to factors such as economic conditions, the impact of the COVID-19 pandemic, and the ongoing Russia-Ukraine War, which have resulted in significant market fluctuations in recent years.
The Significance of Rose Hips Extract
Rose hips extract is derived from the fruit of the wild rose plant (genus Rosa). These fruits, often round or oval-shaped, develop after the rose petals have fallen off. The extraction process involves grinding or crushing the rose hips and extracting beneficial compounds through methods such as maceration, steam distillation, or solvent extraction.
Market Growth Drivers
The global rose hips extract market is witnessing growth due to increasing consumer awareness of the potential health benefits associated with rose hips and the rising demand for natural and herbal ingredients across various industries. Rose hips extract has gained popularity in the nutraceutical, pharmaceutical, and cosmetic sectors, contributing to market expansion. The extract is renowned for its high content of vitamin C, antioxidants, and other beneficial compounds, which offer potential health and beauty benefits.
Key Industry Players
Prominent companies operating in the Rose Hips Extract market include Afriplex, Sevoa Naturals, Rosbio Bulgaria, SC AGRAL PROD SRL, Granasur S.A, Ararat Food Factory, Nature’s Goodness, ParkAcre Enterprises, Foodchem International, DM Pharma, Parchem Fine and Specialty Chemicals, Spectrum Chemicals and Laboratory Products. These leading players play a crucial role in driving technological advancements and market growth, ensuring a consistent global supply of Rose Hips Extract.
Market Insights
The recently published Rose Hips Extract market report offers comprehensive analysis, leveraging historical data from 2018 to 2022 and providing forecasts until 2029. The report offers a multifaceted view of the industry, addressing aspects such as competition among companies, product types and applications, market opportunities and challenges, and regional market analysis, concluding with extensive insights into this dynamic market.
Find more details about this report at: https://www.themarketreports.com/report/global-rose-hips-extract-market-research-report
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