According to a new report, published by KBV research, The Global Chrysanthemum Tea Market size is expected to reach $217 Million by 2030, rising at a market growth of 4.8% CAGR during the forecast period. In the year 2022, the market attained a volume of 2,156.1 Tonnes, experiencing a growth of 4.8% (2019-2022).
The Commercial segment is generating highest revenue in the Global Chrysanthemum Tea Market, By Application in 2022 thereby, achieving a market value of $156.9 million by 2030. Chrysanthemum tea, derived from chrysanthemum blossoms, is in high demand across various industries. In the food and beverage industry, it is a versatile ingredient that improves the flavor profiles of various products, including ice creams, desserts, and alcoholic beverages.
The Online segment would showcase a CAGR of 6.3% during (2023 - 2030). The proliferation of online apps has positively impacted the market's supply chain, the availability of discounts, and the ease of product delivery. For example, distributors like Walmart and Big Basket offer various flavored teas with online and offline delivery options. Over the projected period, this aspect is expected to impact the segment's growth favorably.
The Chrysanthemum indicum segment is leading in the Global Chrysanthemum Tea Market, By Type in 2022 thereby, achieving a market value of $132.6 million by 2030. The observed growth is attributable to the significant increase in demand for Chrysanthemum indicum tea. This increase is fueled by its perceived health benefits, entrenched cultural significance, and inherent herbal attributes. The Chrysanthemum indicum tea has a distinctive aroma and flavor. It is fortified with beta-carotene, vitamins, and flavonoids, all recognized for their positive effect on overall well-being.
The Tea Bags segment would exhibit a CAGR of 5% during (2023 - 2030). Tea bags are a cost-effective and convenient way to enjoy tea. They are simple to store and transport and can be reused, making them an excellent option for those who want to experience their favorite tea without purchasing many tea leaves. Over the years, tea bags have grown in popularity, and for a good reason. They provide plenty of health benefits, are easy to use, and can be used to prepare various drinks.
The Asia Pacific region dominated the Global Chrysanthemum Tea Market, By Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $87.2 million by 2030. The Europe region would witness a CAGR of 4.6% during (2023 - 2030). Additionally, The North America region is anticipated to grow at a CAGR of 4.3% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/chrysanthemum-tea-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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 Geography (Volume, Tonnes, USD Thousands, 2019-2030)
Companies Profiled
Unique Offerings 
