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The global hibiscus extract market is expected to grow at a CAGR of approximately 5% in the forecast period of 2021-2026.
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Based on application, the cosmetics and personal care segment accounts for a significant share in the industry and is expected to maintain its dominance in the forecast period as well. Hibiscus flowers are known for their high antioxidant properties and inhibit elastin degradation, thereby providing anti-aging effects. Thus, hibiscus extracts are used as a cosmetic raw material and are useful in anti-cellulite and refirming products and for formulations targeting skin tone. Meanwhile, the growing R&D activities about the therapeutic properties of hibiscus is expected to increase the demand for hibiscus extracts in the pharmaceutical industry. Several studies have demonstrated the medicinal and anticancer properties of hibiscus extract, which could potentially be combined with chemotherapeutic treatments as an adjuvant to reduce chemotherapy-inducing side effects. This is expected to further aid the industry growth in the coming years.
Region-wise, the Asia Pacific is one of the major producers of hibiscus extract globally. Hibiscus has been used as a traditional medicine and is of high importance in several countries such as South Korea, Malaysia, and India. Among these, India is one of the leading cultivators of hibiscus plant, with over 70 varieties that are safe for human consumption.
Hibiscus extracts are prepared from hibiscus, a genus of flowering plants in the mallow family, Malvaceae. Apart from its large, colorful flowers, hibiscus is also known for its medicinal uses. The different parts like flowers and leaves can be made into teas and liquid or powdered extracts that can help treat a variety of health problems, including high blood pressure and bacterial infections. The most common variety is Hibiscus sabdariffa, whose red flowers are most widely cultivated for their medicinal properties and to prepare dietary supplements.
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By source, the market is bifurcated into:
The market is divided based on form into:
On the basis of sales channel, the industry can be segmented into:
Based on application, the industry can be categorised into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The growing health consciousness and the increasing consumer preference for natural products are driving the growth of the hibiscus extract industry globally. There has been a rise in demand for hibiscus extract in industries like food and beverages, cosmetics, and pharmaceuticals, among others. The rising awareness regarding the benefits of hibiscus tea is also aiding the market expansion. The escalating consumer disposable incomes, growing retail industry, and increasing demand for herbal dietary supplements are also contributing to the hibiscus extract industry growth. Over the forecast period, growing R&D activities about the potential applications of hibiscus extract and the rising demand for organic products are expected to further propel the industry forward.
The report gives a detailed analysis of the following key players in the global hibiscus extract market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
*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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Hibiscus Extract Market Analysis
8.1 Key Industry Highlights
8.2 Global Hibiscus Extract Historical Market (2016-2020)
8.3 Global Hibiscus Extract Market Forecast (2021-2026)
8.4 Global Hibiscus Extract Market by Source
8.4.1 Organic
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.2 Conventional
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
8.5 Global Hibiscus Extract Market by Form
8.5.1 Powder
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2016-2020)
8.5.1.3 Forecast Trend (2021-2026)
8.5.2 Liquid
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2016-2020)
8.5.2.3 Forecast Trend (2021-2026)
8.6 Global Hibiscus Extract Market by Sales Channel
8.6.1 Direct Sales
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2016-2020)
8.6.1.3 Forecast Trend (2021-2026)
8.6.2 Retail Sales
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2016-2020)
8.6.2.3 Forecast Trend (2021-2026)
8.7 Global Hibiscus Extract Market by Application
8.7.1 Food and Beverages
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2016-2020)
8.7.1.3 Forecast Trend (2021-2026)
8.7.2 Pharmaceuticals
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2016-2020)
8.7.2.3 Forecast Trend (2021-2026)
8.7.3 Dietary Supplements
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2016-2020)
8.7.3.3 Forecast Trend (2021-2026)
8.7.4 Cosmetics and Personal Care
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2016-2020)
8.7.4.3 Forecast Trend (2021-2026)
8.7.5 Others
8.8 Global Hibiscus Extract Market by Region
8.8.1 Market Share
8.8.1.1 North America
8.8.1.2 Europe
8.8.1.3 Asia Pacific
8.8.1.4 Latin America
8.8.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2016-2020) and Forecast (2021-2026)
12.2 Europe Historical Price Trends (2016-2020) and Forecast (2021-2026)
12.3 Asia Pacific Historical Price Trends (2016-2020) and Forecast (2021-2026)
12.4 Latin America Historical Price Trends (2016-2020) and Forecast (2021-2026)
12.5 Middle East and Africa Historical Price Trends (2016-2020) and Forecast (2021-2026)
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Xian Shunyi Bio-Chemical Technology Co., Ltd
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Wild Hibiscus Flower Co
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Ransom Naturals Ltd
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Others
14 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Figures and Tables
1. Global Hibiscus Extract Market: Key Industry Highlights, 2016 and 2026
2. Global Hibiscus Extract Historical Market: Breakup by Source (USD Billion), 2016-2020
3. Global Hibiscus Extract Market Forecast: Breakup by Source (USD Billion), 2021-2026
4. Global Hibiscus Extract Historical Market: Breakup by Form (USD Billion), 2016-2020
5. Global Hibiscus Extract Market Forecast: Breakup by Form (USD Billion), 2021-2026
6. Global Hibiscus Extract Historical Market: Breakup by Sales Channel (USD Billion), 2016-2020
7. Global Hibiscus Extract Market Forecast: Breakup by Sales Channel (USD Billion), 2021-2026
8. Global Hibiscus Extract Historical Market: Breakup by Application (USD Billion), 2016-2020
9. Global Hibiscus Extract Market Forecast: Breakup by Application (USD Billion), 2021-2026
10. Global Hibiscus Extract Historical Market: Breakup by Region (USD Billion), 2016-2020
11. Global Hibiscus Extract Market Forecast: Breakup by Region (USD Billion), 2021-2026
12. North America Hibiscus Extract Historical Market: Breakup by Country (USD Billion), 2016-2020
13. North America Hibiscus Extract Market Forecast: Breakup by Country (USD Billion), 2021-2026
14. Europe Hibiscus Extract Historical Market: Breakup by Country (USD Billion), 2016-2020
15. Europe Hibiscus Extract Market Forecast: Breakup by Country (USD Billion), 2021-2026
16. Asia Pacific Hibiscus Extract Historical Market: Breakup by Country (USD Billion), 2016-2020
17. Asia Pacific Hibiscus Extract Market Forecast: Breakup by Country (USD Billion), 2021-2026
18. Latin America Hibiscus Extract Historical Market: Breakup by Country (USD Billion), 2016-2020
19. Latin America Hibiscus Extract Market Forecast: Breakup by Country (USD Billion), 2021-2026
20. Middle East and Africa Hibiscus Extract Historical Market: Breakup by Country (USD Billion), 2016-2020
21. Middle East and Africa Hibiscus Extract Market Forecast: Breakup by Country (USD Billion), 2021-2026
22. North America Historical Price Trends and Forecast 2016-2026
23. Europe Historical Price Trends and Forecast 2016-2026
24. Asia Pacific Historical Price Trends and Forecast 2016-2026
25. Latin America Historical Price Trends and Forecast 2016-2026
26. Middle East and Africa Historical Price Trends and Forecast 2016-2026
27. Global Hibiscus Extract Market Structure
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