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Global Hibiscus Extract Market: 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; Historical Market and Forecast (2018-2028); Competitive Landscape; Industry Events and Developments

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 2023-2028.

 

Global Hibiscus Extract Market

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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.

 

Global Hibiscus Extract Market By Application

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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.

 

Global Hibiscus Extract Market by Region

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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 2022
Historical Period 2018-2022
Forecast Period 2023-2028
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 (2018-2022) 
    8.3    Global Hibiscus Extract Market Forecast (2023-2028)
    8.4    Global Hibiscus Extract Market by Source
        8.4.1    Organic
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Conventional
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
    8.5    Global Hibiscus Extract Market by Form
        8.5.1    Powder
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Liquid
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
    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 (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Retail Sales
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
    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 (2018-2022)
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Pharmaceuticals
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022)
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    Dietary Supplements
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2022)
            8.7.3.3    Forecast Trend (2023-2028)
        8.7.4    Cosmetics and Personal Care
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2018-2022)
            8.7.4.3    Forecast Trend (2023-2028)
        8.7.5    Others    
    8.8    Global Hibiscus Extract Market by Region
        8.8.1    North America
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2018-2022) 
            8.8.1.3    Forecast Trend (2023-2028)
        8.8.2    Europe
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2018-2022)
            8.8.2.3    Forecast Trend (2023-2028)
        8.8.3    Asia Pacific
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2018-2022)
            8.8.3.3    Forecast Trend (2023-2028)
        8.8.4    Latin America
            8.8.4.1    Market Share
            8.8.4.2    Historical Trend (2018-2022) 
            8.8.4.3    Forecast Trend (2023-2028)
        8.8.5    Middle East and Africa
            8.8.5.1    Market Share
            8.8.5.2    Historical Trend (2018-2022) 
            8.8.5.3    Forecast Trend (2023-2028)
9    North America  Hibiscus Extract Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Hibiscus Extract Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Hibiscus Extract Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Hibiscus Extract Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Hibiscus Extract Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    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 (2018-2022) and Forecast (2023-2028)
    16.2    Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
    16.3    Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
    16.4    Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
    16.5    Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
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 2028
2.    Global Hibiscus Extract Historical Market: Breakup by Source (USD Billion), 2018-2022
3.    Global Hibiscus Extract Market Forecast: Breakup by Source (USD Billion), 2023-2028
4.    Global Hibiscus Extract Historical Market: Breakup by Form (USD Billion), 2018-2022
5.    Global Hibiscus Extract Market Forecast: Breakup by Form (USD Billion), 2023-2028
6.    Global Hibiscus Extract Historical Market: Breakup by Sales Channel (USD Billion), 2018-2022
7.    Global Hibiscus Extract Market Forecast: Breakup by Sales Channel (USD Billion), 2023-2028
8.    Global Hibiscus Extract Historical Market: Breakup by Application (USD Billion), 2018-2022
9.    Global Hibiscus Extract Market Forecast: Breakup by Application (USD Billion), 2023-2028
10.    Global Hibiscus Extract Historical Market: Breakup by Region (USD Billion), 2018-2022
11.    Global Hibiscus Extract Market Forecast: Breakup by Region (USD Billion), 2023-2028
12.    North America Hibiscus Extract Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    North America Hibiscus Extract Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Europe Hibiscus Extract Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Europe Hibiscus Extract Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Asia Pacific Hibiscus Extract Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Asia Pacific Hibiscus Extract Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Latin America Hibiscus Extract Historical Market: Breakup by Country (USD Billion), 2018-2022
19.    Latin America Hibiscus Extract Market Forecast: Breakup by Country (USD Billion), 2023-2028
20.    Middle East and Africa Hibiscus Extract Historical Market: Breakup by Country (USD Billion), 2018-2022
21.    Middle East and Africa Hibiscus Extract Market Forecast: Breakup by Country (USD Billion), 2023-2028
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 2021 and 2026.

The major industry drivers include 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.

The key industry trends driving growth are growing R&D activities about the therapeutic properties of hibiscus, growing retail industry, and increasing demand for herbal dietary supplements.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with Asia Pacific accounting for the largest share in the market.

The two major sources of hibiscus extract are organic and conventional.

The forms of the product include powder and liquid.

Based on application sectors, the industry is divided into food and beverages, pharmaceuticals, dietary supplements, and cosmetics and personal care, among others.

The two major sales channels include direct sales and retail sales.

The major players in the industry 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 2023-2028, 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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