Reports
Global Hibiscus Extract Market Size, Trends, Growth: By Source: Organic, Conventional; By Form: Powder, Liquid; By Sales Channel: Direct Sales, Retail Sales; By Application: Food and Beverages, Pharmaceuticals, Dietary Supplements, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Global Hibiscus Extract Market Outlook
The global hibiscus extract market is expected to grow at a CAGR of approximately 5% in the forecast period of 2024-2032.
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Increasing Demand in the Cosmetics and Personal Care Industry to Boost the Growth of the Hibiscus Extract Industry Globally
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 Extract: Market Segmentation
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:
- Organic
- Conventional
The market is divided based on form into:
- Powder
- Liquid
On the basis of sales channel, the industry can be segmented into:
- Direct Sales
- Retail Sales
Based on application, the industry can be categorised into:
- Food and Beverages
- Pharmaceuticals
- Dietary Supplements
- Cosmetics and Personal Care
- Others
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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Rising Health Concern and the Growing Demand for Natural Products to Bolster the Growth of the Hibiscus Extract Industry
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.
Key Industry Players in the Global Hibiscus Extract Market
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:
- Xian Shunyi Bio-Chemical Technology Co., Ltd
- Wild Hibiscus Flower Co
- Ransom Naturals Ltd
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Source, Form, Sales Channel, Application, Region |
| Breakup by Source | Organic, Conventional |
| Breakup by Form | Powder, Liquid |
| Breakup by Sales Channel | Direct Sales, Retail Sales |
| Breakup by Application | Food and Beverages, Pharmaceuticals, Dietary Supplements, Cosmetics and Personal Care, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Xian Shunyi Bio-Chemical Technology Co., Ltd, Wild Hibiscus Flower Co, Ransom Naturals Ltd, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 Opportunities and Challenges in the Market
8 Global Hibiscus Extract Market Analysis
8.1 Key Industry Highlights
8.2 Global Hibiscus Extract Historical Market (2018-2023)
8.3 Global Hibiscus Extract Market Forecast (2024-2032)
8.4 Global Hibiscus Extract Market by Source
8.4.1 Organic
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Conventional
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Hibiscus Extract Market by Form
8.5.1 Powder
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Liquid
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Hibiscus Extract Market by Sales Channel
8.6.1 Direct Sales
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Retail Sales
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Hibiscus Extract Market by Application
8.7.1 Food and Beverages
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Pharmaceuticals
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Dietary Supplements
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Cosmetics and Personal Care
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Others
8.8 Global Hibiscus Extract Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Hibiscus Extract Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Hibiscus Extract Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Hibiscus Extract Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Hibiscus Extract Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Hibiscus Extract Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
16.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Xian Shunyi Bio-Chemical Technology Co., Ltd
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Wild Hibiscus Flower Co
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Ransom Naturals Ltd
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Others
18 Key Trends and Developments in the Market
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 Key Figures and Tables
1. Global Hibiscus Extract Market: Key Industry Highlights, 2018 and 2032
2. Global Hibiscus Extract Historical Market: Breakup by Source (USD Billion), 2018-2023
3. Global Hibiscus Extract Market Forecast: Breakup by Source (USD Billion), 2024-2032
4. Global Hibiscus Extract Historical Market: Breakup by Form (USD Billion), 2018-2023
5. Global Hibiscus Extract Market Forecast: Breakup by Form (USD Billion), 2024-2032
6. Global Hibiscus Extract Historical Market: Breakup by Sales Channel (USD Billion), 2018-2023
7. Global Hibiscus Extract Market Forecast: Breakup by Sales Channel (USD Billion), 2024-2032
8. Global Hibiscus Extract Historical Market: Breakup by Application (USD Billion), 2018-2023
9. Global Hibiscus Extract Market Forecast: Breakup by Application (USD Billion), 2024-2032
10. Global Hibiscus Extract Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Hibiscus Extract Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Hibiscus Extract Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Hibiscus Extract Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Hibiscus Extract Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Hibiscus Extract Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Hibiscus Extract Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Hibiscus Extract Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Hibiscus Extract Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Hibiscus Extract Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Hibiscus Extract Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Hibiscus Extract Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. North America Historical Price Trends and Forecast 2018-2028
23. Europe Historical Price Trends and Forecast 2018-2028
24. Asia Pacific Historical Price Trends and Forecast 2018-2028
25. Latin America Historical Price Trends and Forecast 2018-2028
26. Middle East and Africa Historical Price Trends and Forecast 2018-2028
27. Global Hibiscus Extract Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 5% between 2024 and 2032.
The major market drivers include the growing health consciousness, the increasing consumer preference for natural products, and the rise in demand for hibiscus extract in end-use sectors like food and beverages, cosmetics, and pharmaceuticals.
The expansion of the retail sector, the increasing demand for herbal dietary supplements, and rising R&D activities evaluating the therapeutic properties of hibiscus are the key trends propelling the market development.
The major regions in the hibiscus extract market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Organic and conventional are the major sources of hibiscus extract.
The various forms of the product include powder and liquid.
Direct sales and retail sales are the significant sales channels in the market.
The various applications of hibiscus extract include food and beverages, pharmaceuticals, dietary supplements, and cosmetics and personal care, among others.
The major players in the market are Xian Shunyi Bio-Chemical Technology Co., Ltd, Wild Hibiscus Flower Co, and Ransom Naturals Ltd, among others.
Analyst Review
The global hibiscus extract market is driven by the growing health consciousness and the increasing consumer preference for natural products and the rise in demand for hibiscus extract in industries like food and beverages, cosmetics, and pharmaceuticals. Aided by the growing R&D activities about the therapeutic properties of hibiscus and the growing retail industry, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 5%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The two major sources of hibiscus extract are organic and conventional sources. The two major sales channels include direct sales and retail sales. Based on application sectors, the industry is divided into food and beverages, pharmaceuticals, dietary supplements, and cosmetics and personal care, among others. The major regional markets for hibiscus extract are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with Asia Pacific accounting for the largest share of the market. The key players in the above market include Xian Shunyi Bio-Chemical Technology Co., Ltd, Wild Hibiscus Flower Co and Ransom Naturals Ltd, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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