The Asia Pacific Roselle Market would witness market growth of 11.8% CAGR during the forecast period (2021-2027).
Roselle is a kind of hibiscus, which is widely utilized in the making of wine, jam, syrup, jelly, cake, gelatin, ice cream, pudding, and flavoring. The bright red color of roselle is used for adding color to various products along with its distinct flavor contribute to its increasing popularity. It is majorly found in West Africa and has different varieties like H. sabdariffa variety altissima, and grown for fiber. Additionally, the export of roselle is growing because it is highly used as a natural dye source and also used in the production of popular soft drinks from dried calyces. Roselle plants can be grown on a wide range of soil types like sandy soil or clayey soil.
The increasing disposable income of consumers in emerging nations like India, China, and Japan is contributing to the fuelling growth of the regional roselle market. In addition, countries like India, where cultivation of various types of plants, shrubs, and herbs are possible, are attracting many companies to set up their center for further research and production.
Moreover, the high demand for dietary supplements across this region is estimated to augment the growth of the regional roselle market. People are becoming more aware of the health benefits of roselle, which is creating lucrative opportunities for the key market players. All these factors are contributing to the high demand for roselle in this region and thus, spurring the regional roselle market in the coming years.
The China market dominated the Asia Pacific Specialty stores and Monobrand stores Market by Country 2020, thereby, achieving a market value of $3,500.3 Thousands by 2027. The Japan market is showcasing a CAGR of 12.2% during (2021 - 2027). Additionally, The India market is poised to grow at a CAGR of 13.7% during (2021 - 2027).
Based on Form, the market is segmented into Powder and Liquid. Based on End Use, the market is segmented into Food & Beverages, Pharmaceuticals, Animal Feed and Cosmetics & Nutraceuticals. Based on Distribution Channel, the market is segmented into E-commerce, Supermarket/Hypermarket, Specialty stores & Monobrand stores and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Rossell India Limited, Roselle Farms, Guangzhou Runming Tea Co., Ltd., Atlantis Arena Sdn Bhd, Buddha Teas, U.S. Wellness LLC, The Tao of Tea LLC, Apple Food Industries and Cultivator Natural Products Pvt. Ltd.
Scope of the Study
Market Segments covered in the Report:
By End Use
• Food & Beverages
• Animal Feed
• Cosmetics & Nutraceuticals
By Distribution Channel
• Specialty stores & Monobrand stores
• South Korea
• Rest of Asia Pacific
• Rossell India Limited
• Roselle Farms
• Guangzhou Runming Tea Co., Ltd.
• Atlantis Arena Sdn Bhd
• Buddha Teas
• U.S. Wellness LLC
• The Tao of Tea LLC
• Apple Food Industries
• Cultivator Natural Products Pvt. Ltd.
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250 pages •
By Future Market Insight Global & Consulting Pvt Ltd
• Jun 2021
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