Roselle Market Set to Reach $252.6 million , Grow a CAGR Of 7.5% Forecast To 2030

As per the report published by Allied Market Research, the global roselle industry was pegged at $122.8 million in 2020, and is projected to garner $252.6 million by 2030, manifesting a CAGR of 7.5% from 2021 to 2030. The report offers an extensive analysis of changing market trends, top investment pockets, value chain, key segments, and competitive landscape.

𝐂𝐥𝐢𝐜𝐤 𝐇𝐞𝐫𝐞 𝐅𝐨𝐫 𝐈𝐧𝐬𝐭𝐚𝐧𝐭 𝐏𝐃𝐅: https://www.alliedmarketresearch.com/request-sample/12723

People are more interested in organic products due to change in the market trend, which is expected to fuel the Roselle market growth. Furthermore, increase in awareness of functional foods is expected to drive the market during the forecast period. Moreover, increase in inclination of women and men toward using natural products in cosmetics & nutraceuticals is also expected to drive the growth of the market. Widely known benefits of roselle in regulating cholesterol levels and blood pressure are some of the major roselle market trends.

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.

𝐌𝐚𝐤𝐞 𝐚 𝐃𝐢𝐫𝐞𝐜𝐭 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞: https://www.alliedmarketresearch.com/checkout-final/00b6ea539cd3f7ff1214ae0734c797d8

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.

Based on sales channel, the hypermarkets/supermarkets segment was the leading channel with maximum share in 2020, growing with significant CAGR during the Roselle market forecast period. This is attributed to increase in business of retail sales in different regions and availability of large shelf space for maximum sales.

Leading Key Players

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.

𝐆𝐞𝐭 𝐘𝐨𝐮𝐫 𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝: https://www.alliedmarketresearch.com/request-for-customization/12723

Based on end use, the market is divided into food & beverages, pharmaceuticals, animal feed, and cosmetics & nutraceuticals. The food and beverages segment held the highest market share in terms of revenue, accounting for nearly one-third of the global roselle market. Conversely, the pharmaceuticals segment is estimated to exhibit the highest CAGR of 8.1% during the forecast period.

Based on type, the powder form held the major Roselle market share in the market. This is attributed to their cost-effectiveness and wide availability. Moreover, the wide incorporation of powder form on Roselle in pharma and cosmetics products as an ingredients has spur the market growth.

𝐓𝐚𝐥𝐤 𝐭𝐨 𝐨𝐮𝐫 𝐀𝐧𝐚𝐥𝐲𝐬𝐭: https://www.alliedmarketresearch.com/connect-to-analyst/12723

The global roselle market report is segmented into form, end use, sales channel, and region. By form, the market is divided into powder and liquid. The powder segment dominated with the largest share in 2020, holding for more than two-thirds of the global roselle market. However, the liquid segment is expected to cite the highest CAGR of 8.1% during the forecast period.

Key findings of the study

By form, the powder segment held the highest share, accounting for 67.9% of the global Roselle industry.

Based on end use, the food & beverages segment held the major share of 32.1% of the market.

Region wise, North America held the major share in the market, and is expected to remain dominant throughout the forecast period.

𝐂𝐡𝐞𝐜𝐤 𝐨𝐮𝐭 𝐦𝐨𝐫𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐬𝐭𝐮𝐝𝐢𝐞𝐬 𝐩𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐛𝐲 𝐀𝐌𝐑 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Carnitine Supplements Market - https://www.prnewswire.com/news-releases/carnitine-supplements-market-to-reach-316-5-million-globally-by-2031-at-5-1-cagr-allied-market-research-301722411.html

Animal and Marine Fats and Oils Market  - https://www.globenewswire.com/news-release/2021/08/16/2281281/0/en/Global-Animal-and-Marine-Fats-and-Oils-Market-to-Hit-516-75-Billion-by-2030-AMR.html

Prebiotics Ingredients Market - https://www.globenewswire.com/en/news-release/2022/06/02/2455251/0/en/Global-Prebiotics-Ingredients-Market-Is-Expected-to-Reach-14-31-Billion-by-2031-Allied-Market-Research.html

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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