The Hibiscus Flower Powder Market was valued at $104.3 Million in 2022. Growing at a high CAGR of more than 8.2% between 2023 and 2033, it is estimated to reach $250.4 Million by 2033. The current pandemic of COVID-19 might make a slight difference in the growth rate. Hibiscus flower powder is helpful against various diseases, such as inflammation as well as diabetes. Also, hibiscus flower extract showed an antimicrobial effect against numerous pathogenic bacteria. This is playing a major role in market growth. Hence, it will be estimated to make a lot of growth for the market over the forecast period of 2021-2031.
Hibiscus Flower Powder Market Segment Is Estimated to Witness Remarkable Growth
Source: SAI Research
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The Hibiscus Flower Powder Market has been segmented based on type and application. You must have seen that hibiscus has been used by distinguished cultures as a remedy for various conditions. Egyptian people used hibiscus flower tea in order to treat the heart as well as lower body temperature, nerve diseases, and as a diuretic to boost urine production. However, hibiscus flower powder was generally used to treat constipation, cancer, liver disease, and other cold symptoms. Currently, hibiscus is known for its potential to diminish high blood pressure.
North America Is Holding The Market Share By Region
The Hibiscus Flower Powder Market has been geographically segmented into Europe, Asia Pacific, Latin America, and the Middle East region. However, the largest share of the market is held in North America and Europe. Hibiscus flower powder is helpful against various diseases, such as inflammation as well as diabetes. Also, hibiscus flower extract showed an antimicrobial effect against numerous pathogenic bacteria. This is playing a major role in market growth. The Asia-Pacific region is estimated to have a slow but promising growth over the projection period. Latin America and the Middle East are estimated to witness steady growth during the period owing to the rise of this market. Hence, these will fuel growth during 2021-2031.
Major Players In Hibiscus Flower Powder Market
Key players profiled in the report include Bio Organic, Herbeno Herbals, The Republic of Tea, Traditional Medicinals, Bio Actives, Wild Hibiscus Flower Co, and Rena Beverage Solutions, and others.
Scope of the Report:
Report Coverage |
Details |
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Base Year: |
2022 |
Market Size in 2022: |
US$ 104.3 Million |
Historical Data for: |
2018 to 2022 |
Forecast Period: |
2023 to 2033 |
Forecast Period 2023 to 2033 CAGR: |
8.2% |
2033 Value Projection: |
US$ 250.4 Million |
Segments covered: |
By Type - Packets, Bags, Cardboard Boxes. By Nature - Organic, Conventional. By End-product - Powdered, Tea Bags. |
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Geographies covered: |
North America: U.S., Canada, Mexico Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific Africa: South Africa, North Africa, and Africa Middle East: GCC, Israel, and Rest of Middle East Latin America: Brazil, Argentina, Rest of Latin America |
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Companies covered: |
Bio Organic, Herbeno Herbals, The Republic of Tea, Traditional Medicinals, Bio Actives, Wild Hibiscus Flower Co, and Rena Beverage Solutions, and others. |
Global Hibiscus Flower Powder Market Has Been Segmented Into:
Global Hibiscus Flower Powder Market, By Type
Global Hibiscus Flower Powder Market, By Nature
Global Hibiscus Flower Powder Market, By End-product
Global Hibiscus Flower Powder Market: By Region
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