North America Roselle Market By Form (Powder and Liquid), By End Use (Food & Beverages, Pharmaceuticals, Animal Feed and Cosmetics & Nutraceuticals), By Distribution Channel (E-commerce, Supermarket/Hypermarket, Specialty stores & Monobrand stores and Others), By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027
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Market Report Description
The North America Roselle Market would witness market growth of 9.7% CAGR during the forecast period (2021-2027).
Roselle is one of the therapeutic plants, which has been used for many years. It is traditionally used to cure toothaches, colds, urinary tract infections, and among others. In countries like Senegal, the juice of roselle leaves is used to cure conjunctivitis and, when pulverized, pacifies sores and ulcers. The root concoctions of roselle are used as a potent laxative. The home countries of roselle consume roselle tea to balance out blood pressure and lower down the cholesterol level.
There is a wide range of health benefits attached to the consumption of roselle in any form, which is motivating more companies to use it for reducing calories in the products and hence, contributing to the surging demand for roselle in the market. However, overconsumption and over usage of roselle in any product can cause health problems, which would restrict its market growth. The growing investments by small and medium-sized food product manufacturing enterprises and the increasing application of roselle powder in cosmetic products are anticipated to propel the growth of the roselle market over the forecast period.
The high health awareness among the consumers across this region is one of the major factors driving the growth of the regional roselle market. In addition, the high-income level of the population across this region is creating lucrative opportunities for the key market players. The shifting consumer food habit towards the consumption of healthy food products or functional food is opening new growth prospects for the regional roselle market.
The presence of key market players in this region is also supporting the regional roselle market. Moreover, people are more aware of the health benefits offered by roselle, which is estimated to propel the growth of the regional roselle market over the forecast period. Roselle is widely used in numerous cosmetic products and the increasing demand for such cosmetic products across the region would boost the growth of the regional roselle market.
The US market dominated the North America Liquid Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $18,445.4 Thousands by 2027. The Canada market is experiencing a CAGR of 12.8% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 12.8% during (2021 - 2027).
Based on Form, the market is segmented into Powder and Liquid. Based on End Use, the market is segmented into Food & Beverages, Pharmaceuticals, Animal Feed and Cosmetics & Nutraceuticals. Based on Distribution Channel, the market is segmented into E-commerce, Supermarket/Hypermarket, Specialty stores & Monobrand stores and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Roselle Market is Estimated to Reach USD 244.9 Million by 2027 at a CAGR of 10.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Rossell India Limited, Roselle Farms, Guangzhou Runming Tea Co., Ltd., Atlantis Arena Sdn Bhd, Buddha Teas, U.S. Wellness LLC, The Tao of Tea LLC, Apple Food Industries and Cultivator Natural Products Pvt. Ltd.
Scope of the Study
Market Segments Covered in the Report:
By End Use
- Food & Beverages
- Animal Feed
- Cosmetics & Nutraceuticals
By Distribution Channel
- Specialty stores & Monobrand stores
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Rossell India Limited
- Roselle Farms
- Guangzhou Runming Tea Co., Ltd.
- Atlantis Arena Sdn Bhd
- Buddha Teas
- U.S. Wellness LLC
- The Tao of Tea LLC
- Apple Food Industries
- Cultivator Natural Products Pvt. Ltd.
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