How big is the Hibiscus Extract Market?

The Hibiscus Extract Market size is expected to reach USD 178.97 million in 2024 and grow at a CAGR of 8.01% to reach USD 263.04 million by 2029. Read More

What is the current Hibiscus Extract Market size?

In 2024, the Hibiscus Extract Market size is expected to reach USD 178.97 million. Read More

Who are the key players in Hibiscus Extract Market?

Givaudan SA, Wild Hibiscus Flower Co., Merck Group, OBG Pharmaceuticals Ltd and Fengchen Group Co., Ltd are the major companies operating in the Hibiscus Extract Market. Read More

Which is the fastest growing region in Hibiscus Extract Market?

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Hibiscus Extract Market?

In 2024, the Europe accounts for the largest market share in Hibiscus Extract Market. Read More

What years does this Hibiscus Extract Market cover, and what was the market size in 2023?

In 2023, the Hibiscus Extract Market size was estimated at USD 164.63 million. The report covers the Hibiscus Extract Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Hibiscus Extract Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Hibiscus Extract Market Share

Statistics for the 2023 & 2024 Hibiscus Extract market share, created by Mordor Intelligence™ Industry Reports. Hibiscus Extract share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Hibiscus Extract Industry

The global hibiscus extracts market is fragmented, with regional and global players dominating the market. The prominent players in the market include Givaudan SA, OBG Pharmaceuticals Ltd, Fengchen Group, Merck Group, and Wild Hibiscus Flower Co. These players are providing high-quality, nutritious hibiscus extracts for various applications, catering to the market demand for plant-based natural ingredients. The companies also adopt strategies like mergers and acquisitions, partnerships, product launches, and expansions to boost market growth. Firms are increasingly prioritizing sustainable sourcing and production practices to align with rising consumer preferences for eco-friendly products.