Market overview:

Roselle Market has been valued $ 123.8 billion in the year 2019 and it is estimated to reach $253.6 billion by the year 2026, with a CAGR of 7.6% from 2021 to 2026. Roselle is most commonly known as a tropical plant, and also known as Hibiscus sabdariffa and it is of the mallow family, grown for its thick, red calyx and bracts, and these Roselle is most commonly known used in the making of jellies jam, juice, wine, syrup, gelatin, cake, ice cream, and others and also as a substitute for cranberries .These Roselle is used in animal feed , and as an annual crop used in food, nutraceuticals, cosmeceuticals, and pharmaceuticals, these are the main factors that have considerably increased the demand for the Roselle.

Market Drivers and Restraints:

The main factors that have considerably increased the demand for the Roselle in the market is mainly because it has several health benefits like rich in antioxidants such as polyphones, which include flavonoids and catechins, the demand for herbal tea comprising roselle includes vitamins C, K, B12, B6, and E, minerals trace amount of potassium, manganese, magnesium, and calcium, and amino acids these are the health benifits associated with the Roselle. Roselle powder has more beneficial for hair and skin and it is widely used in the cosmetic and personal care products such as hair oils and soaps. Roselle is widely used in cosmetics, bakery, & confectionery industries; these are the main factors that have considerably increased the demand for the, thereby driving the hug growth of the Roselle market in the upcoming years.

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https://www.marketdataforecast.com/market-reports/roselle-market

Report is segmented as:

Roselle Market is segmented on the basis of by form, on the basis of by end user, on the basis of by sales channel:

Roselle Market is segmented on the basis of by form into Liquid, Powder
Roselle Market is segmented on the basis of by end user into Animal feed, Pharmaceuticals, Food & Beverages, and Cosmetics & Nutraceuticals
Roselle Market is segmented on the basis of by sales channel into online stores, Specialty stores, Supermarket/Hypermarket, and Others
Geographical Segmentation:

Roselle Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa and rest of world. North America has the dominant share in the Roselle, followed by Europe, Latin America and Middle East & Africa will register a slower increase in the Roselle Market

Impact of COVID-19 on Market

Covid -19 pandemic has affected the growth of business of every sector and it also affected the growth of the Roselle market, and temporary lack of growth in export and import activities, which has impacted the rays of Roselle market growth. Covid-19 pandemic has impacted huge on the sales revenue of Roselle market. Due to the government restrictions like lockdown in many countries has shutdown the commercial and industrial establishments and also stopped in transportation these made huge loss for Roselle market. In recent days relaxation in restrictions by the government and people are getting vaccinated to stop the spread of corona virus.

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