Roselle Market Size Set to Achieve USD 252.6 million by 2030 growing at 7.5% CAGR

The global Roselle Market size was valued at $122.8 million in 2020, and is projected to reach $252.6 million by 2030, registering a CAGR of 7.5% from 2021 to 2030. In 2020, the powder form of Roselle segment accounted for the highest share in the Roselle market. Roselle, also known as hibiscus, used in the production of jelly, jam, juice, wine, syrup, gelatin, pudding, cake, ice cream, and flavoring. Its brilliant red color and unique flavor make it a valuable food product.

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Health benefits associated with roselle, and companies emphasizing on calorie reduction due to increase in health awareness fuel the global roselle market. On the other hand, overconsumption of roselle in products may cause health hinder the market growth. Moreover, rise in investments by small-&mid-sized food product manufacturing companies and rise in application of roselle powder in the cosmetic industry are projected to open lucrative opportunities in the future.

Key Players Are:

The key players profiled in this report 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, and The Tao of Tea LLC.

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According to the Roselle market analysis, the market is segmented on the basis of form, end use, sales channel, and region. By form, it is divided into powder and liquid. On the basis of end use, the market is split into food & beverages, pharmaceuticals, animal feed, and cosmetics & nutraceuticals. Based on sales channel, the market is segmented into supermarket/hypermarket, online stores, specialty stores, and others. The market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Reason to Buy:

✅ Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global Roselle Market .
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✅ The key findings and recommendations highlight crucial progressive industry trends in the Roselle Market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue.
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✅ Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth to a certain extent.
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Based on end use, the food & beverages segment gain a major traction in the Roselle market. Meat product and poultry segment in the food & beverages held the major share in the market. Moreover, growing significance of organic labeling in the pharmaceutical and nutrition sectors as a result of rising awareness regarding the disadvantages of chemicals used in cultivation, manufacturing, and processing of these products is expected to support the growth of the segment in the market.

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