The Asia Pacific Chrysanthemum Tea Market would witness market growth of 5.0% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 767.0 Tonnes, showcasing a growth of 5.0% (2019-2022).
Chrysanthemums are among the most commonly used flower species when people visit the final resting sites of their dear departed on holidays like All Saints' Day and All Souls' Day. As a result, chrysanthemums have become intrinsically intertwined with funeral customs and observances, creating a psychological barrier for some individuals considering chrysanthemum tea as a beverage preference.
Contrarily, the availability of various distinctive and premium tea varieties, including chrysanthemum tea and other blends incorporating floral and herbal elements tailored to accommodate consumers' varying tastes, is anticipated to present profitable opportunities for the market's growth throughout the expected timeframe. Furthermore, it is projected that the market will expand due to the rise in demand for authentic and high-quality tea experiences. The popularity of specialty teas, which usually contain natural ingredients and offer health benefits, has expanded along with the emphasis on leading a healthy lifestyle.
Important polyphenols, micronutrients included in plant-based meals, are also present in green and black teas. The polyphenols in these teas have been related to the healthy regulation of cancer cell proliferation and survival, resulting in a decreased risk of developing cancer. Some teas, including chamomile, are ingested at the end of the day to help individuals relax and sleep better. Moreover, chamomile tea has been found to aid postpartum women in sleeping better and alleviating their depression.
Traditional Chinese medicine uses chrysanthemum, which is regularly consumed as herbal tea. Bioactive compounds are commonly considered to be chlorogenic acids and flavonoids. Chinese culture has a long history of chrysanthemum tea. It is frequently consumed for its potential health benefits, such as its cooling properties, calming effect, and ability to enhance eye health. It is served frequently in Chinese restaurants and teahouses. Thus, the region presents lucrative growth prospects for the market.
The China market dominated the Asia Pacific Chrysanthemum Tea Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $23,314.1 Thousands by 2030. The Japan market is registering a CAGR of 4.3% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 5.6% during (2023 - 2030).
Based on Distribution Channel, the market is segmented into Offline, and Online. Based on Type, the market is segmented into Chrysanthemum indicum, and Chrysanthemum morifolium. Based on Packaging, the market is segmented into Loose, Tea Bags, and Bottled/Canned. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Chrysanthemum Tea Market is Predict to reach $217 Million by 2030, at a CAGR of 4.8%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Yunnan Sourcing Tea Shop Bravo Teas & Herbs, Inc., Asha Tea House, Teasenz (Hong Kong Oriental Tea Co., Limited), The Chinese Tea Company, Ten Ren Tea Co., Ltd., Grand Tea & Imports, Onyx Coffee Lab, Chymey Teas, Yeo Hiap Seng Ltd. (Far East Organization)
By Application (Volume, Tonnes, USD Thousands, 2019-2030)
By Distribution Channel (Volume, Tonnes, USD Thousands, 2019-2030)
By Type (Volume, Tonnes, USD Thousands, 2019-2030)
By Packaging (Volume, Tonnes, USD Thousands, 2019-2030)
By Country (Volume, Tonnes, USD Thousands, 2019-2030)
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