Rose oil, as the name implies, is oil from the rose plant, specifically oil extracted from rose petals. Typically it takes 3,000 grams of rose petals to extract one gram of rose oil. Because of this, it is expensive. Damask rose, cabbage rose, and the white rose of York are the most common varieties from which the oil is extracted. These varieties have strong aromas and have high oil content. Damask rose is commonly grown in Bulgaria, Syria, Turkey, Russia, Pakistan, India, Uzbekistan, Iran, and China. Cabbage rose grows in Morocco, France, and Egypt. The white rose of York has been cultivated in Europe for hundreds of years.
Today’s market size shows the total global revenues for rose oil in 2018 and projected for 2025. This product is used in fragrances, cosmetics, pharmaceuticals, food, and beverages. The fragrance and cosmetics sectors combined constituted 70.1% of the market in 2018. Consumer demand for natural and organic products will fuel growth in this industry as manufacturers replace synthetic ingredients with natural ones. Rose oil’s antimicrobial and anti-bacterial properties are expected to continue to interest the pharmaceutical sector increasing demand for the product.
Europe had the largest share of the market, by value, in 2018, 40.2%. Europe is also the largest market for natural fragrance ingredients. The Asia Pacific region is expected to have the highest compounded annual growth rate, 8.0%, between 2018 and 2025 due to rising sales of pharmaceutical products overall in China, Australia, India, and Japan. The use of herbal medicines to treat various skin conditions in this region is expected to increase demand for this oil also. Some top manufacturers include Sigma-Aldrich, Inc.; Ernesto Ventos SA; Alteya Organics, LLC; Givaudan SA; and Firmenich International SA; among others.
Geographic reference: WorldYear: 2018 and 2025
Market size: $278.7 million and $442.0 million, respectively
Sources: “Rose Oil Market Size, Share & Trends Analysis Report by Application (Fragrance & Cosmetics, Pharmaceuticals, Food & Beverages), by Product (Organic, Conventional), and Segment Forecasts, 2019 – 2025,” Grand View Research Press Release, September 2019 available online here; “Rose Oil Market Size Worth $442.0 Million by 2025 | CAGR: 6.8%: Grand View Research, Inc.,” Cision PR Newswire Press Release, September 12, 2019 available online here; “Rose Oil,” Wikipedia, August 2019 available online here; Cathy Wong, “The Health Benefits of Rose Oil,” VeryWell Health, September 4, 2019 available online here; “Rosa x alba,” Wikipedia, June 2019 available online here.
Original source: Grand View Research
Image source: silviarita, “flower-rose-cream-petal-skin-care-3141777,” Pixabay, Feburary 9, 2018 available online here.