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We expect the global rose oil market to exhibit a CAGR of 6.84% during 2022-2027.
The introduction of organic and herbal rose oil variants in aromatherapy and medical as well as skincare applications, owing to its anti-inflammatory, acne-preventing, anti-aging, moisturizing, etc., properties, is primarily driving the global rose oil market.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of rose oil.
Based on the source, the global rose oil market can be categorized into rosa damascene, rosa centifolia, and others. Among these, rosa damascene currently accounts for the majority of the global market share.
Based on the product, the global rose oil market has been segregated into organic and conventional, where conventional holds the largest market share.
Based on the application, the global rose oil market can be bifurcated into fragrance and cosmetics, pharmaceuticals, food and beverages, and others. Currently, fragrance and cosmetics exhibit a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Europe currently dominates the global market.
Some of the major players in the global rose oil market include 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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