People are becoming more aware of their health as a result of the global spread of the COVID-19 pandemic. Furthermore, the butterfly pea flower tea has gained popularity as a stress reliever. Many celebrities have posted photos of themselves drinking butterfly pea flower tea on social media, explaining the benefits of the tea, which has influenced consumer preferences toward the consumption of butterfly pea flower tea.
Data Bridge Market Research analyzes that the Butterfly Pea Flowers Market was valued at USD 0.102 billion in 2021 and is expected to reach the value of USD 0.16 billion by 2029, at a CAGR of 5.5% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behavior.
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Market Definition
Blue tea is another name for butterfly pea flower tea. It is a caffeine-free herbal infusion. Butterfly pea flower tea is made by steeping dried or fresh Clitoria ternatea plant leaves. The antioxidant content of butterfly pea flower tea is high. Butterfly pea flower tea has long been used in Ayurvedic medicines. It's also in the journal of ethnopharmacology. For centuries, tea has been used for its numerous benefits, such as memory enhancement, antistress, nootropic, anxiolytic, anticonvulsant, antidepressant, tranquilizing, and sedative agent.
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Trends Impacting the Market
Now the question is which other regions AFP, Inc., (a subsidiary of Sealed Air), Sonoco Products Company and Nippon Mold Industry Corporation are targeting? Data Bridge Market Research has forecasted a large growth in Asia-Pacific molded fiber packaging market and the market leaders targeting China, Japan and India to be their next revenue pockets for 2021.
The molded fiber packaging market is becoming more competitive every year with companies such as AFP, Inc., (a subsidiary of Sealed Air), Sonoco Products Company and Nippon Mold Industry Corporation as they are the market leaders for molded fiber packaging. Data Bridge Market Research new reports highlight the major growth factors and opportunities in the molded fiber packaging market.
Competitive Landscape and Butterfly Pea Flowers Market Share Analysis
The butterfly pea flowers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the butterfly pea flowers market.
Some of the major players operating in the butterfly pea flowers market are:
- SUJIKO Co. Ltd. (Japan)
- Siam Natural herbal health products (Thailand)
- Arisun ChemPharm Co, Ltd. (China)
- EverforEver BioTech (China)
- Paraman Food Works (India)
- Shaanxi Hongda Phytochemistry Co., Ltd. (China)
- Specialty Natural Product Co., Ltd. (U.S.)
- Woodland Foods (U.S.)
- My Blue Tea (Australia)
- Wild Hibiscus Flower Co. (Australia)
- Yumchaa (Japan)
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Butterfly Pea Flowers Market Regional Analysis/Insights
The butterfly pea flowers market is analyzed and market size insights and trends are provided by country, type, application and distribution channel as referenced above.
The countries covered in the butterfly pea flowers market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
The Asia-Pacific region is dominating the butterfly pea flowers market, followed by North America and Europe. The Asia-Pacific region has a large share owing to well-established commercial farming for butterfly pea flowers, particularly in Thailand, and the presence of various key market players in the region.
Global Butterfly Pea Flowers Market Report Answers the Following Questions:
- What is the current size and growth rate of the Global Butterfly Pea Flowers Market?
- What are the major drivers of the Global Butterfly Pea Flowers Market?
- What are the major trends in the Global Butterfly Pea Flowers Market?
- Who are the key players in the Global Butterfly Pea Flowers Market?
- What is the market segmentation of the Global Butterfly Pea Flowers Market by product type?
- What is the market segmentation of the Global Butterfly Pea Flowers Market by end-user?
- What is the market segmentation of the Global Butterfly Pea Flowers Market by region?
- What are the major challenges faced by the Global Butterfly Pea Flowers Market?
- What are the opportunities for new players in the Global Butterfly Pea Flowers Market?
- What is the future outlook for the Global Butterfly Pea Flowers Market?
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