MarkNtel Advisors, one of the leading market research firms, has come up with its latest report, titled Global Butterfly Pea Flowers Market. The analysts meticulously assessed the collected material, employing a blend of primary and secondary research activities to extract valuable insights.
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.
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Market Driver:
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.
Market Segmentation
The report’s key sections have undergone thorough scrutiny by industry experts, who explored the aforementioned categories and sub-segments. Profitability and growth potential of the Butterfly Pea Flowers industry were investigated in detail. This research section also provides sales and revenue projections for 2023-2028 based on factors such as price, sales, and revenue.
By Type
-Whole Dried Flowers- Market Size & Forecast 2018-2028, (USD Million)
-Sterilized Powder- Market Size & Forecast 2018-2028, (USD Million)
-Extracts- Market Size & Forecast 2018-2028, (USD Million)
By Application
-Food- Market Size & Forecast 2018-2028, (USD Million)
-Beverages- Market Size & Forecast 2018-2028, (USD Million)
-Others (Medicines, Skincare, etc.)- Market Size & Forecast 2018-2028, (USD Million)
By Distribution Channel
-B2B – Market Size & Forecast 2018-2028, (USD Million)
-B2C- Market Size & Forecast 2018-2028, (USD Million)
Geographically, the Global Butterfly Pea Flowers Market extends across the following regions:
By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific
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The Butterfly Pea Flowers Market Research delves into the factors propelling and impeding market growth, presenting an overview of emerging trends in corporate strategies, procedures, and the adoption of financially prudent, long-term approaches. The market study encompasses crucial details such as industry overview, specifications, definitions, suppliers, R&D status, cost structure analysis, technology sources, key players.
Key Questions Addressed in this Report:
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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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