Rosehip Oil Market Report
The Global Rosehip Oil Market is segmented By Type (Essential Oil, Compound Oil), By Application (Skin Care, Hair Care), and Region. This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Rosehip Oil market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026.
The Global Rosehip Oil Market is segmented By Type (Essential Oil, Compound Oil), By Application (Skin Care, Hair Care), and Region. This market research report provides in-depth information on trends, dynamics, revenue oppo...
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.
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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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 operating in the global Rosehip Oil market are-
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.
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.
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.
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.
Audience that Rosehip Oil market hopes to convert are -
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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.