Global Rose Oil Market 2019-2023 | Increasing Application of Rose Oil Across Industries to Boost Growth | Technavio
LONDON--(BUSINESS WIRE)--Sep 9, 2019--
The global rose oil market size is poised to reach USD 21.54 million by 2023, according to a new report by Technavio, progressing at a CAGR of 9% during the forecast period.
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Technavio has announced its latest market research report titled global rose oil market 2019-2023. (Graphic: Business Wire)
Read the 128 page research report with TOC on ”Rose Oil Market Analysis Report by Product (conventional rose oil and organic rose oil) and geographical regions (North America, Europe, APAC, South America, and MEA) 2019 - 2023″ at:
The market is driven by the increasing application of rose oil across industries. In addition, product line extension by blending rose oil with other essential oils is anticipated to further boost the rose oils market during the forecast period.
The rise in the application of rose oil in pharmaceutical, cosmetics, and food and beverage industries is a key factor driving the growth of the global rose oils market. For instance, rose oil is used in desserts such as Turkish delight and to add flavor to jellies, ice creams, and pastries. Rose oil is also used in cosmetics as it helps to keep the skin healthy and beautiful. Moreover, the vitamin C present in rose oil boosts skin metabolism and aids in the maintenance of skin collagen. Also, rose oil is used in toothpaste, mouthwashes, and perfumes. Thus, the wide application of rose oil across industries can positively influence the growth of the global rose oils market during the forecast period.
Furthermore, players in the market are focusing on extending their product line by blending rose essentials oil with other essential oils such as sandalwood, lemon, and lavender essential oils. For instance, NOW Health Group Inc. (NOW Foods) offers Rose Absolute Oil Blend, a blend of rose oil with jojoba essential oil. This can be applied to the skin as it helps in maintaining skin health. Therefore, the blending of rose oil with other essential oils to increase the health benefits and applications of rose oil is estimated to drive the market during the forecast period.
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The report includes detailed profiles of the leading companies & prominent vendors of the market:
Market Segmentation by Category and Product Types:
The rose oils market can be broadly categorized into the following product segments:
Key Regions for the Rose Oil Market:
Featuring a breakdown of region wise market shares until 2019.
Some of the key topics covered in the report include:
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE: Technavio Research
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PUB: 09/09/2019 08:41 AM/DISC: 09/09/2019 08:41 AM