Rose Extract Market Size to grow by USD 180.7 million between 2024-2028

Technavio, a leading provider of market research reports, has released its latest study on Rose Extract Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges.

Key Highlights:

• Market Research Overview: The global apparel, accessories, and luxury goods market encompasses businesses involved in the production and distribution of textiles, apparel, accessories, and luxury goods. This market segment, which is a part of the larger global textiles, apparel, and luxury goods industry, also includes entities offering rental services for apparel and accessories. Notably, manufacturers of footwear are excluded from this market. According to Technavio's market analysis, the market's size is determined by the consolidated revenues generated by textiles, apparel, footwear, accessories, and luxury goods manufacturers and marketers. Key growth drivers for this market include the expanding working women population, which is leading to increased disposable income and higher consumer spending on apparel, accessories, and luxury goods. - The Rose Extract Market is experiencing significant growth, fueled by the Growing applications in food and beverage industry. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

• Major Findings:
  • Growing applications in food and beverage industry
  • Medicinal properties of rose extracts
  • High price of products
  • Availability of substitutes
• Growth Projections

The market size is estimated to grow by USD 180.7 million, at a CAGR of 7.44% during the forecast period. The global rose extract market is experiencing a surge in demand due to its application in aromatherapy for stress relief. Aromatherapy, a holistic healing treatment, employs natural plant extracts, including rose extract, to foster health and well-being. The sweet, floral scent of rose extract is renowned for its soothing effect on the mind and body, making it an ideal choice for reducing stress and anxiety. Moreover, rose extract's anti-inflammatory properties contribute to alleviating pain and discomfort caused by prolonged stress and tension. Consequently, the market for rose extract is poised for significant growth as more consumers opt for natural remedies to manage stress and promote relaxation.

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• Regional Insights

The rose extract market represents a significant business opportunity for manufacturers and suppliers due to its widespread usage in various industries, including food and beverage, cosmetics, and pharmaceuticals. Demand for rose extract is driven by its unique aroma and medicinal properties, making it an essential ingredient in numerous consumer products. Market growth is expected to continue, fueled by increasing consumer awareness and preference for natural, organic ingredients.

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