Hibiscus Flower Powder Market is Projected to Attain $160.2 Million By 2025: Grand View Research, Inc.

October 17 04:18 2019
Hibiscus Flower Powder Market is Projected to Attain $160.2 Million By 2025: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, The global hibiscus flower powder market size was valued at USD 106.1 million in 2018 and is expected to register a CAGR of 6.1% from 2019 to 2025.

The global Hibiscus Flower Powder Market size is anticipated to reach USD 160.2 million by 2025, according to a new report by Grand View Research, Inc. The market is projected to expand at a CAGR of 6.1% from 2019 to 2025. Wide product application scope in industries, such as food & beverage, cosmetics, and pharmaceutical, is expected to be among the key factors driving the market growth.

Rising awareness about the benefits of hibiscus flower powder is another key growth-driving factor for the global market. Furthermore, increasing demand for natural and organic cosmetics is likely to accelerate the growth of this market. Developing countries, such as India and China, are some of the largest markets for cosmetics and personal care products, resulting in an increasing demand for organic and natural cosmetics.

Based on applications, the food & beverage segment accounted for the highest market share in 2018. Rising awareness about following a healthy diet will drive product demand in this segment. The product is widely used in foods and beverages as it offers relief from sore throat, helps in the treatment of cancer and heart diseases, and reduces cholesterol levels.

The cosmetics application segment is estimated to register the highest CAGR of 6.4% over the forecasted period due to rising demand for natural and organic cosmetics. Hibiscus extract in cosmetics helps in skin exfoliation and moisturization. Key companies in this market are Asko Appliances; Broan, Inc.; BSH Home Appliances Corp.; Elica S.p.A.; Faber S.p.A.; Falmec S.p.A.; Miele, Inc.; Panasonic Corp.; Samsung Electronics; and Whirlpool Corp.

hibiscus flower powder market

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Further key findings from the study suggest:

  • The food & beverage application was the dominant segment in 2018 and is estimated to expand further at a steady CAGR from 2019 to 2025
  • Cosmetics application segment is expected to register the fastest growth rate of 6.4% during the forecast period
  • Based on region, Asia Pacific is anticipated to witness the maximum CAGR from 2019 to 2025 while North America is estimated to account for the highest market share

global hibiscus flower powder market

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Grand View Research has segmented the global hibiscus flower powder market on the basis of application and region:

Hibiscus Flower Powder Application Outlook (Revenue, USD Million, 2015 – 2025)

  • Pharmaceutical
  • Food & Beverage
  • Cosmetics
  • Others

Hibiscus Flower Powder Regional Outlook (Revenue, USD Million, 2015 – 2025)

  • North America
    • U.S.
  • Europe
    • Germany
    • U.K.
  • Asia Pacific
    • China
    • India
  • Central & South America
    • Brazil
  • Middle East & Africa
    • South Africa

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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