Rosehip Oil Market Report

Market Insights

The Global Rosehip Oil Market is estimated to grow from USD 120.43 million in 2021 to USD 242.69 million by 2028 at a healthy CAGR of 10.46% during the forecast period of 2022-2028.

What is Rosehip seed oil?

Rosehip seed oil is a pressed form of seed oil that is extracted from the seeds of the wild rose bush known as Rosa rubiginosa in the southern region of the Andes. This oil can also be extracted from Rosa canina, which grows in many regions across the globe, mainly in Europe and South Africa. This oil contains vitamin A and C, as well as essential fatty acids such as gamma-linolenic acid, palmitic acid, oleic acid, and linoleic acid. Rosehip oil is an excellent source of vitamin F, a fatty acid produced from alpha-linoleic acid and linoleic acid.

Market Drivers

Rosehip oil is a key source of antioxidants and helps to skin supple. It is a suitable alternative and complementary medicine, although doesn’t have many research studies to prove its effectiveness. The anecdotal evidence ensures that it is a safe skincare product. Growing health consciousness among people and rising wellness trends to possess glowing skin and healthy hair is a key factor bolstering the product demand. Also, widening skin scare applications of rosehip oil owing to its excellent nutrient and antioxidant properties further boosts the market growth. However, the presence of side effects of rosehip oil on skin and hair is likely to hamper product consumption.

COVID-19 Impact on Global Rosehip Oil Market

The COVID-19 virus has severely hit almost any industry across the globe, with a substantial impact on the rosehip oil industry. Consumer shift towards essential goods has resulted in poor demand for rosehip oil for skin and hair care. Also, the work from home trend has resulted in people staying at home and avoiding commutes, thus having less impact on skin and hair, further affecting the product consumption.

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Key Players

Key players operating in the global Rosehip Oil market are-

• Trilogy (New Zealand),
• Kosmea (Australia),
• Swisse (Australia),
• Sukin Naturals (Australia),
• Coesam (Chile),
• Kate Blanc (The U.S.),
• Thursday Plantation (The U.S.),
• Avi Naturals (India),
• Florihana (France),
• Oshadhi (India), and
• Radha Beauty (The U.S.).

Target Audience

Audience that Rosehip Oil market hopes to convert are -

• Rosehip Oil vendors
• Rosehip oil producers
• Rosehip producing companies
• Skin care companies
• Hair care companies
• Personal care retailers

Segment Analysis

Type Trends

Based on type, the global rosehip oil is bifurcated into essential oil and compound oil. The compound oil segment held the largest share in 2021 and is projected to register a healthy CAGR by the end of 2028. This is mainly ascribed to its excellent benefits like skin brightening, boost collagen formation, moisturizes the skin, and reduces inflammation & hyperpigmentation. Thus, it is mainly preferred as compared to essential oil.

Regional Trends

Based on region, the rosehip oil is classified into North America, Europe, Asia Pacific, South America, and Middle East & Africa. Chile, in South America, is the leading producer of Rosehip pulp followed by Bulgaria and Turkey, which is the largest producer of rosehip oil. The Asia Pacific market is likely to grow at a considerable CAGR especially in Oceania- Australia & New Zealand due to rising health consciousness among the regional residents.

Market Segmentation

The market is segmented in the following ways:

By Type

• Essential Oil
• Compound Oil

By Application

• Skin Care
• Hair Care

By Region

• North America
• Asia-pacific
• Europe
• Middle East & Africa
• South America

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Market Segmentation

For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market.

The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Report Customization

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

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