Hibiscus flower powder is a rich source of antioxidants. It is a major source of natural and organic cosmetics due to its high mucus content and anti-inflammatory and exfoliating properties. Following are the benefits of hibiscus flower powder:
· Health benefits:
· Improves digestion
· Help in weight loss
· Prevents Anemia
· Skin benefits:
· Anti-aging properties to make skin firm and prevent wrinkles
· Exfoliant: Regenerates skin cells by producing a mild exfoliating effect
· Removes dead skin cells
· Anti-oxidant properties to keep skin healthy and glowing
· The presence of Anti-bacterial properties and vitamin C removes acne
These health and skin benefits associated with hibiscus flower powder increases procurement need for the same from food and beverages and cosmetics industries.
Read report summary or request sample copy of the report @ Hibiscus Flower Powder Industry Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2020 - 2027
Demand Outlook
The global hibiscus flower powder market is valued at ~USD 120 million in 2020 and it is expected to grow at a CAGR of 7.5% from 2020 to 2027 due to increasing demand from the food and beverages and personal care industries. The food and beverages segment is leading the global hibiscus flower powder market with more than 45% market share in 2020. However, the personal care segment is expected to witness the highest growth rate among other applications during the forecast period. North America generates the highest demand for hibiscus flower powder, as the region is a key importer of organic compounds. Whereas APAC is the largest producer of hibiscus flower powder due to the presence of large cultivation lands and favorable weather conditions.
Cost Drivers
Hibiscus flower powder is made from hibiscus flower and procurement of hibiscus flower is the major cost driver of hibiscus flower powder production. The cost of procuring hibiscus flowers accounted for more than 50% of the overall cost of overall hibiscus flower powder production. Other major cost components include processing costs, machinery costs, labor costs, etc. Many North American and European companies are planning to relocate their production base to APAC due to the high availability of raw materials and low-cost labor. It also reduces the additional logistics cost and increases profitability.
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According to IMARC Group’s latest report, titled “Hibiscus Flower Powder Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, The global hibiscus flower powder market grew at a CAGR of around 8% during 2015-2020.
Hibiscus flower powder is procured by using dried flowers and further grounding and sifting them to produce a fine powder.
Hibiscus powder can also be consumed based on its medicinal properties as it helps in boosting liver health, minimizing the chances of developing diabetes, promoting weight loss, etc.Request for a PDF sample of this report: https://www.imarcgroup.com/hibiscus-flower-powder-market/requestsampleThe global market is primarily propelled by the growing utilization of hibiscus flower powder in the food and beverages sector.
It is extensively being used as a flavoring agent in the preparation of jellies, jams, and puddings as well as refreshing drinks, such as cocktails and juices.
Besides this, the escalating demand for organic and natural products has led to the increasing uptake of herbal powders, including hibiscus powder, for manufacturing various soaps, facial masks, lotions, and hand creams.
Looking forward, IMARC Group expects the global hibiscus flower powder market to exhibit moderate growth during the next five years.As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
The global Hibiscus Flower Powder Market size is projected to account for USD 160.2 million by 2025, as per a new report by Million Insights.
The market is estimated to register 6.1% CAGR over the forecast years.
Increasing use of the products in applications such as pharmaceuticals, cosmetics and food & beverages is driving the growth of the market.
Request a Sample PDF Copy of This Report @ https://www.millioninsights.com/industry-reports/global-hibiscus-flower-powder-market/request-sample Market Synopsis of Hibiscus Flower Powder Market: Increasing awareness regarding benefits of hibiscus flower powder is also attributing to the growth of the market.
Emerging countries such as China and India are the major markets for natural cosmetics.
Food & beverages segment held the highest share in the market in 2018.
The quality of Hibiscus Flower Powder market research report is at par which gains customer confidence and trust.
This market report directs business in right direction by giving insights about products, market, customers, competitors and marketing strategy at right time.
This market report helps to develop a successful marketing strategy for your business.
Hibiscus Flower Powder report is very helpful to all sizes of business which makes it simpler to take informed decisions in providing the different aspect of this industry.
The Global Hibiscus Flower Powder market report contains all the company profiles of the major players and brands.Global hibiscus flower powder market is expected to rise to an estimated value of USD 170.76 million by 2026, registering a substantial CAGR in the forecast period of 2019-2026.
This rise in market value can be attributed to the focus on development of advanced cultivation methods and techniques to meet the growing demands of hibiscus flower extracts.A combination of best industry insight, practical solutions, talent solutions and latest technology has been used to structure this excellent Hibiscus Flower Powder report.
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