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    Rosehip Oil Market Report

    Rosehip Oil Market Report
    Report code - SRCG289 Delivery - 2 Weeks
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    Global Rosehip Oil Market, Trends, Market Analysis
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    Impact of COVID-19 on Rosehip Oil Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Rosehip Oil Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    The Global Rosehip Oil Market is estimated to grow from USD 108.5 million in 2020 to USD 197.6 million by 2026 at a healthy CAGR of 10.7% during the forecast period.

    Figure: Global Rosehip Oil Market Size, 2020-2026 (USD Million)

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    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.

    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.).

    Market Dynamics

    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.

    Market Segmentation

    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 2020 and is projected to register a healthy CAGR by the end of 2026. 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.

    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.

    Critical Questions Answered in the Report

    • What are the key trends in the global rosehip oil market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the global rosehip oil market?
    • What are the key strategies adopted by the major vendors to lead in the global rosehip oil market?
    • What is the market share of the top vendors?

    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

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    Frequently Asked Questions (FAQs)

    The rosehip oil market is expected to witness an impressive growth of 10.7% CAGR in the foreseeable future.

    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.) are among the key players in the rosehip oil market.

    The rosehip oil market size is expected to reach an estimated value of USD 197.6 million in the coming years.

    Growing health consciousness among people and rising wellness trends to possess glowing skin and healthy hair is the key factor bolstering the demand for rosehip oil.

    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 compound oil segment is expected to register a healthy CAGR in the rosehip oil market over the next five years.

    Rosehip Oil vendors, Rosehip oil producers, Rosehip producing companies, Skin care companies, Hair care companies, Personal care retailers are the target audience in the rosehip oil market.

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