The global rosmarinic acid market is projected to grow to US$ 309.56 million by 2033, with a 9.1% CAGR. Valued at US$ 130.02 million in 2023

NEWARK, DELAWARE, UNITED STATES, August 29, 2023/EINPresswire.com/ -- According to Future Market Insights (FMI), the global rosmarinic acid market is presently valued at US$ 130.0 million in 2023. It is further poised to thrive at a CAGR of 9.1% during the forecast period 2023 to 2033. By 2033, the total market size is projected to reach US$ 309.6 million.

The rosmarinic acid market is experiencing lucrative growth globally. This is due to rising applications across diverse sectors.

Rosmarinic acid is a natural polyphenolic compound, found in herbs such as rosemary, basil, and sage. It offers antioxidant properties and several potential health benefits.

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The demand for rosmarinic acid in the food & beverages sector is growing rapidly due to its application in food as a natural additive for preservation and flavor enhancement. Similarly, in the pharmaceutical sector, rosmarinic acid is used for treating inflammatory conditions such as arthritis, eczema, psoriasis, gastritis, and colitis.

With increasing consumer interest in natural ingredients with potential health benefits, the rosmarinic acid industry is expected to witness sustained growth across multiple sectors including food, healthcare, and personal care.

Rosmarinic acid's antioxidant properties make it a choice for skincare formulations. It can help combat oxidative stress, protect against environmental damage, and soothe irritated or sensitive skin also due to its antioxidant and anti-inflammatory properties.

Rosmarinic acid has beneficial effects on conditions such as allergies, inflammation-related diseases, and skin disorders. As a result, it is being widely used in dietary supplements or incorporated into pharmaceutical formulations.

Rosmarinic acid has also shown promising outcomes as a feed additive in promoting growth, reproductive performance, fertility, anti-oxidant status, and immunologic indices in livestock. Hence, it is being increasingly used in animal feed applications which in turn is set to boost the market.

Key Takeaways from the Rosmarinic Acid Market Report:

The global rosmarinic acid market is expected to reach a market valuation of US$ 129.2 million by the end of 2033.

By application, the food & beverages segment is predicted to reach a valuation of US$ 6 million in 2023.

The United States rosmarinic acid industry is projected to attain a valuation of US$ 102.4 million by 2033.

China's market is anticipated to reach a valuation of US$ 17.2 million by 2033.

Rosmarinic acid demand in India is estimated to rise at a CAGR of 10.4% during the prediction period.

“The rosmarinic acid industry is witnessing lucrative growth, driven by its versatile applications in food, pharmaceuticals, cosmetics, and agriculture. Increasing consumer demand for natural ingredients and their potential health benefits further contributes to the market's expansion.” – says a lead analyst at Future Market Insights (FMI)

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Who is Winning?

Naturex (part of Givaudan), Kalsec Inc., Nutra Green Biotechnology Co., Ltd., Layn Natural Ingredients Corp., Hunan E.K Herb Co., Ltd, Monteloeder, Kingherbs Limited, Hunan Nutramax Inc., Changsha Vigorous-Tech Co., Ltd., Shaanxi Yi An Biological Technology Co., Ltd, Blue California, and others are the few leading players operating in the market.

Investments in research & development, acquisitions, and mergers are beneficial strategies for companies in terms of improving their product quality and expanding their market reach. This is because combining resources, expertise, and customer base can lead to access to new technology, distribution channels, manufacturing facilities, and talent.

Similarly, launching new products can help businesses stay competitive and meet the changing consumer demands, allowing them to attract new customers and retain existing ones while increasing their market share. For instance,

In 2020, Blue California and biotech developer Conagen commercialized Rosavel^®, a next-generation natural preservation solution with 98% high-purity rosmarinic acid.

Rosmarinic Acid Market by Category:

By Product Type:

>96% Purity
<=97% Purity
By Form:
Powder
Liquid

By Application:

Food and Beverage
Pharmaceuticals
Nutraceuticals
Cosmetics & Personal Care
Animal Feed

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa

Get More Valuable Insights

FMI has released an objective assessment of the global rosmarinic acid industry, presenting past demand data from 2018 to 2022 and projecting forecast statistics for the 2023 to 2033 period.

The study reveals market projections based on product type (>96% purity and <=97% purity), form (powder and liquid), application (food and beverage, pharmaceuticals, nutraceutical, cosmetics & personal care, and animal feed), and region

Explore FMI’s related ongoing Coverage in the Food and Beverage Market Domain:

Fortified Foods Market: is expected to reach US$ 140,608 million in 2023. The market value is expected to reach US$ 257,715 million by 2033, exhibiting growth at a CAGR of 6.2% from 2023 to 2033.

Vanillic Acid Market: Size reached US$ 20.1 billion in 2022. Demand is estimated to surpass US$ 20.7 billion in 2023. In the forecast period from 2023 to 2033, demand is poised to exhibit a 2.2% CAGR. Revenue is anticipated to cross around US$ 25.8 billion by the end of 2033.

About the Food & Beverage Division at Future Market Insights (FMI)

FMI's Food & Beverage team offers comprehensive business intelligence services, with a vast array of reports and data points analyzed across 50+ countries over a decade. The team provides consulting services and end-to-end research, offering expert analysis, actionable insights, and strategic recommendations to clients worldwide. Contact them to explore how they can assist with your unique business intelligence needs.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Future Market Insights, Inc.
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