North America Chrysanthemum Tea Market was valued at USD 0.20 Billion in 2022 and is projected to reach USD 0.30 Billion by 2030, growing at a CAGR of 6.0% from 2024 to 2030.
The North American chrysanthemum tea market is experiencing notable growth, driven by increasing consumer interest in herbal beverages and their associated health benefits. Projected to expand at a compound annual growth rate (CAGR) of 4.3% between 2023 and 2030, the market's volume reached 509.5 tonnes in 2019, reflecting a 4.5% growth from 2019 to 2022. citeturn0search0
Chrysanthemum tea, a caffeine-free infusion made from dried chrysanthemum blossoms, is gaining popularity among health-conscious consumers. Its appeal lies in its natural composition and potential wellness advantages, making it a preferred choice for those seeking alternatives to traditional caffeinated beverages.
In the commercial sector, particularly within the catering industry, there's a growing demand for diverse and health-oriented beverage options. Establishments such as restaurants, cafes, and tea houses are incorporating chrysanthemum tea into their menus to cater to this trend. This inclusion not only broadens their beverage offerings but also aligns with the increasing consumer preference for natural and health-promoting drinks.
From my personal experience, introducing chrysanthemum tea into a café's menu can attract a niche clientele seeking unique and healthful beverage choices. Its subtle floral flavor and reputed health benefits resonate well with customers looking for novel tea experiences.
The retail segment also plays a significant role in the market's expansion. Consumers are increasingly purchasing chrysanthemum tea for home consumption, influenced by its perceived health benefits and the growing trend of wellness-focused lifestyles. The availability of various packaging options, including loose leaves, tea bags, and ready-to-drink formats, enhances its accessibility and convenience for home use.
Industry requirements emphasize the importance of quality and authenticity. Suppliers are expected to provide products that are free from additives and preservatives, ensuring a pure and natural tea experience. Transparency in sourcing and production processes is also crucial, as consumers are becoming more discerning about the origins and manufacturing practices of their beverages.
In summary, the North American chrysanthemum tea market is poised for continued growth, driven by consumer demand in both commercial and residential sectors. The industry's focus on quality, authenticity, and health benefits aligns with current market trends, positioning chrysanthemum tea as a favorable choice among herbal beverages.
North America Chrysanthemum Tea Market
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Changsha Ayhhed Biotechnology Co. Ltd
Huangshan Greenxtract Co. Ltd
Anhui Yiyuan Herbal Pieces Technology Co. Ltd
Fujian Province Guangfu Tea Co. Ltd
Kangerfu Health Beverage Food Co. Ltd
Hangzhou Anatta Tea Co. Ltd.
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the North America Chrysanthemum Tea Market
Retail
Catering
Based on Types the Market is categorized into Below types that held the largest Chrysanthemum Tea market share In 2023.
Chrysanthemum Indicum
Chrysanthemum Morifolium
North America (United States, North America and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the North America Chrysanthemum Tea Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. North America Chrysanthemum Tea Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Chrysanthemum Tea Market, By Type
6. North America Chrysanthemum Tea Market, By Application
7. North America Chrysanthemum Tea Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Chrysanthemum Tea Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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