Global Share of Hibiscus Flower Powder Market Will Cross USD 211.7 Million By 2028
The global hibiscus flower powder market size is expected to reach USD 211.7 million by 2028 according to a new study by Polaris Market Research.
Hibiscus flower powder is helpful in treating several diseases such as diabetes, and inflammatory disorders. Its extract is effective against pathogens, which thereby, diminishes the risk of spreading numerous diseases. Moreover, the rising demand for hibiscus flower in treating type II diabetes is also expected to favor the market growth for hibiscus flower powder.
The increasing popularity of hibiscus flower powder in herbal drinks, juices, and mixes will also favor the market growth flower powder. End-users in the segment are habituated to taste, flavor, and texture to the hibiscus-based drinks and beverages, which thereby, are projected to support the market growth for hibiscus flower powder.
However, lack of trained labor, fluctuations in raw material procurement, and severe seasonal conditions will restrain the market growth for the flower powder. Moreover, the rising popularity of the product in different end-use segments will compel farmers and cultivators to go for hibiscus production.
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India is one of the important locations for cultivation, with more than 70 varieties, which are safe for human consumption. In India, it is known for its hair treating abilities, and commercialization would enable product penetration in soaps and shampoos, which is further boosting the market growth for hibiscus flower powder.
Top Market Players
Market participants operating in the hibiscus flower powder industry include Wild Hibiscus Flower Co., Bio Organic, The Republic of Tea, Traditional Medicinals, Herbeno Herbals, Bio Actives, Rena Beverage Solutions, and Fortune Health Care.
Manufacturers in the market for hibiscus flower powder are focusing on emerging Asian countries such as Thailand, Japan, China, India, and South Korea to the booming demand for cosmetic products to cater to the demand for hibiscus flower. Moreover, the presence of the young population seeking beauty products due to the gradually rising personal grooming market segment.
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Polaris Market Research has segmented the hibiscus flower powder market report on the basis of nature, application, and region:
Hibiscus Flower Powder, Nature Outlook (Revenue – USD Million, 2016 – 2028)
Hibiscus Flower Powder, Application Outlook (Revenue – USD Million, 2016 – 2028)
- Food & Beverages
- Personal Care & Cosmetics
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