Industry Background:
The hibiscus is popular for its potential to reduce high blood pressure. Hibiscus tea is rich in powerful antioxidants and may therefore help prevent damage and disease caused by the buildup of free radicals. The extract is widely used for different purposes such as cosmetics and skincare products, pharmaceuticals, dietary supplements, etc. Hibiscus possess anti-oxidants, anthocyanin, and various other plant acids, which are healthy for humans. Hibiscus extract is known for lowering and regulating cholesterol levels and blood pressure, curing stomach ailments, etc. Anti-oxidants present in the extract also account for reducing the chances of cancer and also helps in curing it. Owing to the health benefits and increasing health consciousness among individuals is expected to fuel the growth of the hibiscus extract market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Inovia International (United Kingdom), Parchem (United States), Nexira (Brazil), Anklam Extrakt (Germany), bio Actives (Japan), MB-Holding (Martin Bauer Group) (United States), Ransom Naturals (United Kingdom) and Wild Hibiscus Flower (United States) |
This growth is primarily driven by Increasing levels of awareness regarding the various healthcare benefits associated with the flower extract.
Globally, a noticeable market trend is evident Growing areas of applications of this product in food & beverages, cosmetics, and skincare products The Consumer Goods sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Inovia International (United Kingdom), Parchem (United States), Nexira (Brazil), Anklam Extrakt (Germany), bio Actives (Japan), MB-Holding (Martin Bauer Group) (United States), Ransom Naturals (United Kingdom) and Wild Hibiscus Flower (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
In February 2022, Merck, a leading science and technology company,has launched two new cosmetic ingredients: RonaCare® Baobab and RonaCare® Hibiscus. These two products are developed from nutrient-rich superfoods - the baobab fruit and the hibiscus flower, whose effects can also be used for the skin. The botanical extracts are ethically sourced, sustainable, and suitable for the use within a wide range of topical products, from daily skin care to dermocosmetics.
Influencing Trend:
Growing areas of applications of this product in food & beverages, cosmetics, and skincare products
Market Growth Drivers:
Increasing levels of awareness regarding the various healthcare benefits associated with the flower extract
Restraints:
Concerns regarding the lack of availability of raw materials required for the production of flower powder
Opportunities:
The high volume of demand associated with the organic cosmetic products
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Hibiscus Extract Market
- Analysis about New Entrants in Hibiscus Extract Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Hibiscus Extract Study Sheds Light on
The Hibiscus Extract Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Hibiscus Extract industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Hibiscus Extract industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.