North America Hibiscus Flower Powder Market

North America Hibiscus Flower Powder Market Size, Share, Growth (2023-2028)

North America Hibiscus Flower Powder Market is expected to be worth at USD XX million in 2023 and predicted to have the XX% CAGR in 2028.

North America Hibiscus Flower Powder Market Overview

North America Hibiscus Flower Powder Market is likely to knowledge reasonable growth highest of a CAGR of xx.xx% throughout the estimated period (2022 - 2027).The hibiscus flower is considered the best source of antioxidants, helps weight loss, and improves liver health. It is estimated that the change in consumer preference towards using natural products instead of drugs for allopathy will boost their demand during the forecast period.

Recent Developments

• The recent acquisition of the leading spice and curry masala manufacturer Eastern Condiments, by the Norwegian company Orkla through its Indian subsidiary, MTR Foods, is expected to draw the attention of multinationals to the growing industry of packaged foods in India. The merger came at a time when reliance on ready-to-cook and ready-to-eat foods has increased, with fears that the coronavirus will confine more people to their homes.

• Even from a long-term perspective, spice industry leaders are optimistic about further consolidation in the industry. Moreover, the industry is escalating at a rate of 7-9% per year, a factor that multinationals looking for opportunities in India will consider and Kerala comprises of large spice product companies due to which it will hold the highest position on the investor list.

North America Hibiscus Flower Powder Market Drivers and Restraints:

The rapid increase in the use of hibiscus flower powder in the food and beverage, personal care, and cosmetic industry in various countries is expected to boost the North American Hibiscus Flower Powder Market during the scheduled period. . The increasing trend to use hibiscus flower powder to flavor hot and cold beverages, soups and sauces, as well as to add color to food and beverages, is also expected to increase sales of hibiscus flower powder shortly. In addition, hibiscus flower powder is extremely helpful in enhancing skin and hair. This is further projected to escalate the sale of hibiscus flower powder to China, India, and several other developing countries worldwide, which acts as one of the main reasons expected to escalate the demand for hibiscus flower powder in the next six years. The growing trend of selling hibiscus flower powder and other proprietary lines of herbal products through online distribution channels, especially on company-owned e-commerce websites and websites such as Amazon, Walmart, eBay, and various other regional e-commerce sites worldwide. It is expected to create enormous opportunities for hibiscus flower powder manufacturers and distributors shortly.

The main obstacles faced by market participants include the supply of variable raw materials, chaotic and least managed growth, and a shortage of competent personnel for pre-harvest procedures. In addition, the scarcity of raw materials required for pollen generation is a significant constraint to the market's growth over the forecast period.

North America Hibiscus Flower Powder Market Segmentation:

Application:

• Food and beverage

• Pharmaceuticals

• Skincare

• Cosmetics

• Others

The food and beverage application tend to generate a CAGR of 46.3% during the forecast period. In addition, the cosmetics segment is expected to post a significant CAGR over the forecast period as demand for organic and natural cosmetics increases, such as lip balms, hair conditioners, face masks, lotions, and soaps. In addition, new personal care companies in developing countries are supposed to support growth.

Nature:

• Conventional

• Organic

The conventional segment dominates the market based on nature owing to the increasing demand for these products as they are profitable and readily available. Hazardous chemicals are present in existing products. The product's ability to eradicate the risk of water and soil contamination helps preserve biodiversity and makes it an environmentally friendly option.

North America Hibiscus Flower Powder Market Regional Analysis:

• United States

• Canada

• Mexico

• rest of North America

North America attributes for a significant portion of the global hibiscus flower powder market in 2019. The North America Hibiscus Flower Powder Market predictable to produce at a reasonable rate throughout forecast period 2022 - 2027 due to the growing usage of hibiscus flower powder in food and beverages in the United States, Canada, and Mexico, which are expected to increase sales of hibiscus flower powder.

Key Players

1. Sonoco Products Company

2. The Republic of Tea

3. Traditional Medicinals

4. Wild Hibiscus Flower

5. Rena Beverage Solutions Limited

6. Co-Pak Packaging Corporation

7. Apple Food Industries

8. Avi Naturals

9. Cultivator Natural Products Pvt. Ltd.

10. Earth Expo Company