The Latin America, Middle East and Africa Hibiscus Flower Powder Market would witness market growth of 11.6% CAGR during the forecast period (2020-2026). The growing awareness and availability of the products encourages the growth of the market. Hibiscus flower powder provides many health benefits. Health benefits like lowering body temperature, maintaining cholesterol levels, and relief in the sore throat are among the few benefits which hibiscus flower powder offers. Hibiscus flower powder has the antioxidant properties along with anti-exfoliating and inflammatory properties that are very beneficial for the skin. Hibiscus flower powder is used in many cosmetic and personal care products, like soaps, facial masks, shampoos and conditioners, creams, and lotion. Increasing adoption of organic and natural products is estimated to boost the growth of this market.
The high population growth, rising number of working women, along with increasing consumer spending on personal care product in the region is estimated to offer new market opportunities for the product. Moreover, the rapid growth of the food and beverage processing industry in the region is estimated to boost its demand during the forecast period.
The industry of hibiscus flower powder has many small vendors that cater to the local markets. Although, the increasing efforts by the manufacturers to provide their product in the supermarkets and via online retail channels is estimated to encourage the growth of the industry. R&D initiatives to produce innovative products to engage more customers and provide added product benefits are possibly help the industry for better growth.
Based on Application, the market is segmented into Food & Beverages, Pharmaceutical, Personal Care & Cosmetics and Other Applications. Based on Nature, the market is segmented into Conventional and Organic. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: Hibiscus Flower Powder Market in LAMEA is expected to register a CAGR of 11.6% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Sonoco Products Company, The Republic of Tea, Traditional Medicinals, Inc., Wild Hibiscus Flower Co., Rena Beverage Solutions Limited, Co-Pak Packaging Corporation, Apple Food Industries, Avi Naturals, Cultivator Natural Products Pvt. Ltd. and Earth Expo Company.
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