The global demand for Roselle Extract Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Roselle is a plant species of Hibiscus native to Africa. Roselle extract is prepared by extracting dried Roselle petals in boiling water. Roselle is a good source of protein, fat, total sugars and is widely used in the diet. In the food industry, Roselle extract is used as a food additive to make beverages rich in vitamin C. In the pharmaceutical field, it is used to prepare antibacterial agents, digestive. Roselle containing anthocyanins can eliminate free radicals and alleviate aging, thus used in the cosmetic industry.
Market Dynamics
The global Roselle extract market is projected to grow with the surge in demand from food & beverages, pharmaceuticals, cosmetics, and nutraceuticals industries. Roselle is used in these industries due to its properties and benefits. The consumption of Roselle tea has been reported to promote health benefits, which mainly functions as an antioxidant. It is also reported to eliminate free radicals, alleviate aging, thus used for preparing a variety of anti-aging cosmetics. Roselle is being studied and investigated to explore its potential application, creating new market opportunities. However, the transformation of Roselle into dried extract without reducing their quality is highly challenging, which may hinder the market growth. Processors face problems related to their instability during processing and storage caused by direct exposure to heat, oxygen, and light.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of roselle extract. The growth and trends of roselle extract industry provide a holistic approach to this study.
Market Segmentation
This section of the roselle extract market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
By Application
- Food & Beverages
- Pharmaceuticals
- Cosmetics & Nutraceuticals
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Roselle Extract market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Roselle Extract Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the roselle extract market include Roselle Farms, Guangzhou Runming Tea Co., Ltd, Thai Organic Life, Cultivator Natural Products Pvt. Ltd, Atlantis Arena Sdn Bhd, Rossell India Ltd, Apple Food Industries, Buddha Teas, U.S. Wellness LLC, The Tao of Tea LLC. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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