扶桑花粉市場 - 成長，趨勢，預測
Hibiscus Flower Powder Market - Growth, Trends, and Forecast (2020 - 2025)
The global hibiscus flower powder market is projected to grow at a CAGR of 7.2% during the forecast period (2019-2024).
The global hibiscus flower powder market is segmented by application and geography. On the basis of application, the market is segmented into food & beverage, cosmetics, pharmaceuticals, and other applications. Furthermore, the study provides an analysis of the hibiscus flower powder market in the emerging and established markets across the globe, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
Popularity of Cruelty Free Cosmetics to Drive the Vegan Cosmetics Market Growth
Increasing preference for animal free products, along with rising popularity of environment sustainable products, is driving the demand for vegan cosmetics products. Growing demand for chemical-free hair and skin products along with growing awareness about cruelty free cosmetics products is supporting the market growth from last few years. Additionally, naturally-derived products helps to reduce pollution and dependence on petroleum based cosmetics products. Significant rise in influence of social media and beauty blogs that are communicating the benefits vegan cosmetics is likely to influence sales of vegan cosmetics products.this, in turn boosting the hibiscus flower powder market owing to its major usage in natural cosmatic products.
Asia-Pacific Witness a Significant Market Growth
Asia Pacific accounts for relatively high production of hibiscus followed by Europe and North America. In terms of consumption, Europe and North America holds the hibiscus extract market, owing to growing demand for natural products to a great extent. Asia Pacific and the Middle East and Africa are in growing stage in terms of consumption. However, Sudan and Egypt hold relatively high share in terms of production, but domestic consumption is quite high in these countries, hence accounts for relatively low exports. Latin America also holds a significant share in terms of consumption of hibiscus extract.
The Global Hibiscus Powder Market is highly fragmented with multiple local and regional companies competing fiercely with global multinationals. Some of the key players in the hibiscus flower powder market, globally include Bio Organic, Herbeno Herbals, The Republic of Tea, Traditional Medicinals, bio Actives, Wild Hibiscus Flower Co.among others.