Hibiscus Extract Market Size, Share, Key Players, Demand, Growth, Analysis, Research Report 2021-2026 | EMR Inc.

September 03 21:26 2021
Hibiscus Extract Market Size, Share, Key Players, Demand, Growth, Analysis, Research Report 2021-2026 | EMR Inc.
Global Hibiscus Extract Market Report and Forecast 2021-2026
Global Hibiscus Extract Market is expected to grow steadily at CAGR of 5% in the Forecast Period of 2021-2026 by Expert Market Research

The new report by Expert Market Research titled, ‘Global Hibiscus Extract Market Size, Share, Price, Trends, Growth, Analysis, Report and Forecast 2021-2026’, gives an in-depth analysis of the global Hibiscus extract market, assessing the market based on its segments like application, form, source, sales channel and major regions like North America, Europe, Asia Pacific, Latin America, Middle East and Africa. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

 

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

 

Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/hibiscus-extract-market/requestsample

 

The key highlights of the report include:

 

Market Overview (2021-2026)

 

• Forecast CAGR (2021-2026): 5 %.

 

Growing awareness of health and increasing consumer preference for natural products are driving the growth of the hibiscus extract industry worldwide. There has been an increase in demand for hibiscus extract in industries such as food and beverage, cosmetics and pharmaceuticals, among others. Growing awareness of the benefits of hibiscus tea is also helping to grow the market. The rising consumer disposable income, the growing retail industry and the increasing demand for herbal dietary supplements are also contributing to the growth of the hibiscus extract industry. Over the forecast era, rising R&D activities on the potential applications of hibiscus extract and increasing demand for organic products are expected to further boost the industry.

 

Industry Definition and Major Segments

 

Hibiscus extracts are produced from hibiscus, a genus of flowering plants in the Malvaceae family. Besides its big, colorful flowers, hibiscus is also known for its medicinal uses. Various sections, such as flowers and leaves, can be made into teas and liquid or powdered extracts that can effectively treat a range of health conditions, including high blood pressure and bacterial infections. The most popular variety is Hibiscus sabdariffa, whose red flowers are most commonly cultivated for their medicinal properties and for the preparation of dietary supplements.

 

Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/hibiscus-extract-market

 

Based on source, the market is bifurcated into:

 

• Organic
• Conventional

 

Based on form, the market is divided into:

 

• Powder
• Liquid

 

Bases of sales channel, the market is segmented into:

 

• Direct Sales
• Retail Sales

 

Based on application, the industry can be categorized into:

 

• Food and Beverages
• Pharmaceuticals
• Dietary Supplements
• Cosmetics and Personal Care
• Others

 

The regional markets for Hibiscus extract include:

 

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

 

Market Trends

 

Based on the application, the cosmetics and personal care segment has a major stake in the industry and is projected to remain dominant in the forecast period as well. Hibiscus flowers are noted for their high antioxidant properties and inhibit the degradation of elastin, resulting in anti-aging effects. As a result, hibiscus extracts are used as a cosmetic raw material and are useful for anti-cellulite and re-firming products and for skin tone formulations. Meanwhile, increasing R&D activities on the therapeutic properties of hibiscus are expected to increase the demand for hibiscus extracts in the pharmaceutical industry. Several studies have shown the therapeutic and anticancer properties of hibiscus extract, which may theoretically be used with chemotherapy as an adjuvant to mitigate chemotherapy-inducing side effects. This is expected to further boost the development of the industry in the coming years.

 

On regional basis, Asia Pacific is one of the world’s leading producers of hibiscus extract. Hibiscus has been used as a traditional medicine and is of great significance in a variety of countries, such as South Korea, Malaysia and India. Among these, India is one of the leading growers of hibiscus plants, with over 70 varieties that are healthy for human consumption.

 

Key Market Players

 

The major players in the market are Xian Shunyi Bio-Chemical Technology Co. Ltd, Wild Hibiscus Flower Co, Ransom Naturals Ltd, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, mergers and acquisitions, among other latest developments of these market players.

 

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

 

About Us:

 

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

 

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

 

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Informes de Expertos (https://www.informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

 

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

 

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