The North America Hibiscus Flower Powder Market would witness market growth of 9.9% CAGR during the forecast period (2020-2026). Hibiscus flower powder is majorly used as a tea ingredient, but it is also useful in the pharmaceutical industry, cosmetic industry, and dyeing industry. Hibiscus flower powder is used in many forms including tea bags, capsules, extract forms, and bulk hibiscus flower powder. There is a significant growth seen in the hibiscus flower powder market due to the growing awareness about many health benefits of the hibiscus flower.
This product is a crucial raw material for organic and natural cosmetics, due to its exfoliating and anti-inflammatory properties. The rising demand for masks, soaps, creams, lotions, shampoos, and conditioners is estimated to boost the market for hibiscus flower powder. It provides opportunities to the manufacturers to invest in these regions to establish their industries for more accessibility to the raw materials. More export opportunities for the product in the market will encourage the investors to enter the market.
Factors like volatile raw material supply, lack of skilled labor for pre and post-harvest operations along with unorganized and inadequately monitored growth hamper the development of the market. Although, the rising popularity of the product in the end-user category is anticipated to force cultivators to select hibiscus for production during the forecast period.
The increasing popularity of the hibiscus flower powder as a component of herbal drinks and mixes, is estimated to boost the market growth. End-users of the market are becoming habitual of the taste, texture, and flavor which will further boost the growth of the hibiscus flower powder market during the forecast period.
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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: Hibiscus Flower Powder Market in North America is expected to register a CAGR of 9.9% 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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