According to Markntel Advisors Report, Butterfly Pea Flowers Market is expected to grow at a significant growth rate, and the analysis period is 2023-2028, considering the base year as 2022.Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
Butterfly Pea flower is a blue-colored flower that has petals in the shape of a butterfly & are natives to Southeast Asia. The scientific name for this flower is ‘Clitoria Ternate’, & they are widely used as an edible flower owing to its antioxidant, medicinal, culinary, and natural food coloring qualities.
Global Butterfly Pea Flowers Market Research Report & Summary:
The Global Butterfly Pea Flowers Market size was valued at around USD 350 million in 2022 & is estimated to grow at a CAGR of about 6.2% during the forecast period, i.e., 2023-28.
Time Period Captured in the Report:
• Historical Years: 2018-21
• Base Years: 2022
• Forecast Years: 2023-28
Who are the Key Players Operating in the Butterfly Pea Flowers Market?
The top companies of the Butterfly Pea Flowers Market ruling the industry are:
Curio Spice, Rishi Tea, Ohio Tea Company, Incas by Asiya Life, Lake Missoula Tea Company, Woodland Foods, My Blue Tea, Wild Hibiscus Flower Co, Yumchaa Arison Tea Company, Saathea, EverforEver Biotech, Others
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What is Included in Butterfly Pea Flowers Market Segmentation?
The Butterfly Pea Flowers Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
• By Type
o Whole Dried Flowers- Market Size & Forecast 2018-2028, (USD Million)
o Sterilized Powder- Market Size & Forecast 2018-2028, (USD Million)
o Extracts- Market Size & Forecast 2018-2028, (USD Million)
• By Application
o Food- Market Size & Forecast 2018-2028, (USD Million)
o Beverages- Market Size & Forecast 2018-2028, (USD Million)
o Others (Medicines, Skincare, etc.)- Market Size & Forecast 2018-2028, (USD Million)
• By Distribution Channel
o B2B - Market Size & Forecast 2018-2028, (USD Million)
o B2C- Market Size & Forecast 2018-2028, (USD Million)
• By Region
o North America
o South America
o Europe
o The Middle East & Africa
o Asia-Pacific
Explore the Complete Butterfly Pea Flowers Market Analysis Report – https://www.marknteladvisors.com/research-library/butterfly-pea-flowers-market.html
Global Butterfly Pea Flowers Market Dynamics:
Mounting Prevalence for Herbal & Organic Products to Positively Affect the Market – The increasing awareness among consumers about wellness & good health is driving the market for herbal products & in turn, the Global Butterfly Pea Flowers Market. Individuals are becoming increasingly invested in beverages & food items that aid in the improvement of physical functioning without harming their internal system or any side effects. The market has also been growing in response to the rising popularity of butterfly pea flower tea or blue tea. Further, in line with the emerging demand, tea companies are creating cutting-edge products to meet the mounting needs, eventually contributing to elevating the growth graph of the market.
Global Butterfly Pea Flowers Market Challenge:
Processing & Storage to Hinder the Market Growth – As butterfly pea flowers are widely known for their vibrant & dark blue color. Therefore, to preserve their natural color & nutritional value careful & preventive measures are required, and maintaining the same quality of the natural product is one of the challenging aspects during the production & storage of the product. Also, if proper precision is not practiced while processing & storage then the color of the butterfly pea flower could get deteriorated & fade away, hence affecting the primary aspect of these flowers. Further, overcoming this problem & maintaining the same quality while production requires a lot of time investment & cost, which could be one of the barriers to the growth of the Global Butterfly Pea Flowers Market. However, this challenge could be overcome with active R&D for optimizing the processing approach & analyzing various advanced & innovative storage techniques.
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