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The global rose oil market exhibited moderate growth during 2015-2020. Rose oil is an essential oil extracted from the petal of roses. It is obtained through processes, such as solvent extraction, steam distillation and supercritical carbon dioxide extraction. The oil consists of various essential chemical components, such as geraniol, citronellol, linalool, geranyl acetate and eugenol. It obtains the fragrance for beta-ionone and beta-damascenone and is widely used for aromatherapy, medical and skincare applications. In aromatherapy, it is used for reducing anxiety and depression. When applied to the skin, it aids in relieving pain and inflammation and improves the skin's health. Rose oil is also used in the manufacturing of perfumes and is more functional than other essential oils.
Rapid urbanization, along with the increasing consumer preference for aromatic essential oils, is one of the key factors driving the growth of the market. Moreover, the rising prevalence of chronic medical ailments, such as arthritis, gout, asthma, irritable bowel syndrome (IBS) and gastroesophageal reflux disease (GERD), is providing a thrust to the market growth. Rose oil also has anti-inflammatory, acne-preventing, anti-aging, moisturizing, rejuvenating, stimulating and skin healing properties. Additionally, various product innovations, such as the manufacturing of herbal and organic variants, are acting as other growth-inducing factors. Manufacturers are also using different species of roses to produce the oil with enhanced functional properties. In line with this, aggressive promotional activities through social media platforms and online retail channels, are also contributing to the growth of the market. This, along with the rising expenditure capacities of the consumers, is anticipated to drive the market further. Looking forward, IMARC Group expects the global rose oil market to grow at a CAGR of around 6% during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the global rose oil market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, source, product, distribution channel and application.
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The competitive landscape of the industry has also been examined along with the profiles of the key players being Alteya Organics LLC, Berje Inc., Ernesto Ventós S.A., Firmenich SA, Givaudan SA, International Flavors & Fragrances Inc., MANE SA, Robertet SA, Sigma-Aldrich Inc. (Merck KGaA) and Symrise.
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