Global Rose Oil Market Report and Forecast 2024-2032

Global Rose Oil Market Size

The global rose oil market value reached approximately USD 346.93 million in 2023. The market is projected to grow at a CAGR of almost 6.9% between 2024 and 2032 to reach an approximate value of USD 632.5 million by 2032.

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Global Rose Oil Market Growth

Rose oil is an essential oil obtained from the petals of different kinds of roses via the process of steam distillation and others. This essential oil is prepared from fresh flowers and offers an extremely rich, sweet, deep, warm, and ethereal fragrance, which is suitable for all climates and occasions. It is utilized in the production of cosmetic items such as perfumes and lotions and serves as a flavouring agent in products like ice creams and beverages, thereby further driving the rose oil demand growth.

Global Rose Oil Market Analysis

The rose oil industry growth is driven by its growing demand to manufacture organic and herbal products in the cosmetics sector as well as its growing use as a flavouring agent. The use of rose oil is growing in the cosmetics sector as it contains several vitamins, minerals, and antioxidants coupled with its excellent emollient properties to moisturise dry skin.

In the food and beverage sector, rose oil is used as a flavouring agent to add a touch of rose flavour to products like soft drinks, jams, and ice-creams, among others. The rising disposable incomes, growing consumer focus on wellness and grooming, and incorporation of rose oil by various luxury brands in their product range to grab consumer attention are aiding the demand of the rose oil market.

Global Rose Oil Industry Outlook

According to the National Horticulture Board (NHB), In 2021-22, India's total rose production reached 472.85 thousand tonnes. Karnataka led significantly with a production of 171.88 thousand tonnes, followed by West Bengal at 65.92 thousand tonnes and Uttar Pradesh at 63.23 thousand tonnes. Gujarat and Tamil Nadu made significant contributions, producing 38.76 thousand tonnes and 33.89 thousand tonnes of roses, respectively. This substantial production boosts rose oil market revenue, as rose oil is extensively utilised in perfumes, lotions, and skincare products for its appealing fragrance and skin benefits.

In 2022, the U.S. imported roses valued at USD 800 million as reported by the U.S. Department of Agriculture.

As per the International Flower Trade Association, from 2019 to 2020, the area dedicated to cut flowers in Belgium showed a noticeable increase. In 2019, the area was 27 hectares, which grew to 31 hectares in 2020. This rise reflects a growing emphasis on cut flower cultivation during this period. In 2020, the area dedicated to rose plants in Belgium was 58 hectares.

From 2017 to 2020, Canada's import values for rose plants, reported in thousands of euros, exhibited a steady increase. The import value rose from USD 2.35 million in 2017 to USD 3.01 million in 2020, according to the International Flower Trade Association. This growth further enhances the rose oil industry revenue, as rose oil is also employed in traditional medicines and treatments for its therapeutic benefits, including antioxidant and antibacterial properties.

In 2021, the production value of cut flowers was USD 180.33 million. By 2023, this value had increased to USD 200.55 million, marking an increase of USD 20.22 million in Australia. Similarly, the import value of cut flowers in 2021 was USD 62.04 million, which increased to USD 66.98 million by 2023, reflecting an increase of USD 4.94 million, according to the Australian Bureau of Statistics and the Australia Flowers Traders Association.

Strong demand for cosmetics, perfumes, and aromatherapy drives the growth of the rose oil market.

• Rose oil commands high prices due to its labour-intensive production and high-quality fragrance.

• Recognised for its skin benefits and therapeutic properties, adding value to the product.

The labour-intensive and delicate process of rose cultivation and oil extraction increases costs.

• Weather conditions and pests can affect rose production, leading to supply fluctuations.

• Increasing competition from synthetic alternatives and other essential oils can impact rose oil market growth.

Growing use in new products and markets, including health and wellness, offers growth potential.

• Rising disposable incomes and interest in luxury goods in emerging markets can drive demand.

• Increasing consumer preference for natural and sustainable products can benefit the rose oil market growth.

Economic instability can reduce consumer spending on luxury items, affecting rose oil sales.

• Stricter regulations on natural products and international trade can pose challenges.

• Advances in synthetic fragrances and essential oils may reduce demand for natural rose oil.

Key Players in the Global Rose Oil Market and Their Key Initiatives

Ernesto Ventos SA

• Developed new, high-purity rose oil extraction techniques.

• Implemented eco-friendly and sustainable farming practices to meet the growing demand of the rose oil market.

Alteya Organics, LLC

• Introduced new rose oil-infused skincare and beauty products.

• Partnered with high-end cosmetic brands for exclusive products.

Firmenich International SA

• Increased funding for research on rose oil applications.

• Launched new rose oil-based fragrances and products to capture the rose oil market opportunities.

Robertet Groupe

• Formed strategic alliances with luxury fragrance brands.

• Launched educational initiatives highlighting the benefits of high-quality rose oil.

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Global Rose Oil Industry Segmentation

“Global Rose Oil Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Product

• Organic

• Conventional

Market Breakup by Application

• Food and Beverage

• Cosmetics and Fragrances

• Pharmaceuticals

• Others

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

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Rose Oil Market Share

The cosmetics and fragrances segment occupies a major share of the rose oil market owing to the product’s increased use in manufacturing perfumes with a floral and fruity essence. Rose oil is renowned for its rich, deep, and multifaceted scent, making it a favourite among perfumers. It can serve as a central note in a fragrance, offering a luxurious, floral aroma that's both intense and delicate. This versatility makes it a staple in both traditional and contemporary perfumery, used in everything from high-end fragrances to everyday scented products. Moreover, to satisfy the growing consumer demand for organic products, manufacturers are using rose oil to manufacture premium quality products, which is driving the growth of the rose oil industry.

Leading Companies in the Rose Oil Market

The companies excel in producing and distributing premium essential oils and aromatic products. They are dedicated to delivering high-quality natural extracts and fragrances across multiple sectors, such as cosmetics, pharmaceuticals, and food and beverages while prioritizing excellence and innovation in its offerings.

• Ernesto Ventos SA

• Alteya Organics, LLC

• Firmenich International SA

• Robertet Groupe

• Visagenics Premium Essential Oils

• BERJÉ INC

• Merck KGaA

• Enio Bonchev

• Others

Key Highlights of the Report

Rose Oil Market Report Snapshots

Rose Oil Market Size

Rose Oil Market Growth

Rose Oil Market Trends

Rose Oil Market Share

Rose Oil Companies

Rose Oil Market Regional Analysis