Published Date: 3-Feb-2021
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According to a new report Global Hibiscus Flower Powder Market, published by KBV research, The Global Hibiscus Flower Powder Market size is expected to reach $212.5 Million by 2026, rising at a market growth of 10.7% CAGR during the forecast period.
The cosmetics segment is expected to witness a remarkable CAGR during the forecast period. The reason behind this growth is the increasing demand for organic and natural cosmetic products like lip balm, facial masks, lotions, soap, and hair shampoos. The emergence of many personal care companies in developing regions is estimated to raise the growth rate.
The Conventional market dominated the Global Hibiscus Flower Powder Market by Nature in 2019. The Organic market would showcase promising growth rate of 11.6% during (2020 - 2026). There is a significant rise in the importance of organic labeling, seen in the nutrition and pharmaceutical sectors. It is due to the increasing awareness among consumers related to the disadvantages of using chemicals in cultivation, manufacturing, and processing, which further support the growth of the market for hibiscus flower powder.
The North America market dominated the Global Hibiscus Flower Powder Market by Region in 2019. Asia Pacific region is estimated to become a major manufacturer of the product. Favorable weather for hibiscus along with huge cultivation lands present in developing countries is expected to boost the hibiscus flower powder market in this region. 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.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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