The Europe Roselle Market would witness market growth of 10.1% CAGR during the forecast period (2021-2027).
The flower part of the roselle is used to make roselle extract, which is available in the form of powder and liquid. Several products like pharmaceuticals, skincare & cosmetics products, and dietary supplements are using roselle extract as one of the main ingredients. The anthocyanin, anti-oxidants, and several other plant acids contents of roselle are very helpful and beneficial for humans.
Roselle has an erect, broad-leaved, and branched annual plant with a height of 7-8 ft. This plant has a deep taproot with bulbous, cylindrical, smooth, typically red stems with thorny hairs. Additionally, it generally cultivates in a warm and humid tropical climate and is weak, which means it can easily get damaged from frost and fog. Moreover, it grows in full sun because it is shade intolerant and gets fully grown in a well-drained, friable sandy loam soil that has humus so is adaptable on several types of soils be it sandy or clayey soils. Roselle is also observed as tolerant to short periods of flooding.
There is a huge consumer population in Europe, which is widely adopting numerous organic and healthy food supplements. This would serve as an opportunity for the market players to expand their business in this region. The high disposable income of people is one of the key aspects bolstering the growth of the regional roselle market. Due to the high income, people are spending more on various healthy food products and dietary supplements, which would further support the regional market growth.
The increasing prevalence of several diseases is motivating consumers to adopt a healthy lifestyle and food habits, which is creating new growth opportunities for the companies operating in the regional market. Moreover, the covid-19 pandemic has increased the awareness regarding the healthy food habits and a healthy lifestyle that would act as a catalyst to the growth of the regional roselle market over the forecast period.
The Germany market dominated the Europe Pharmaceuticals Market by Country 2020, thereby, achieving a market value of $4,180.3 Thousands by 2027. The UK market is exhibiting a CAGR of 8.2% during (2021 - 2027). Additionally, The France market is anticipated to witness a CAGR of 9.8% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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
• Rest of Europe
• 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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