The global chrysanthemum tea market revenue was around US$ 160.9 million in 2023 and is estimated to reach US$ 249.8 million by 2032, growing at a compound annual growth rate (CAGR) of 5.1% during the forecast period from 2024 to 2032.
Chrysanthemum tea is a translucent yellow, delicately hued beverage emanated via the infusion of dried chrysanthemum flowers in boiled water. This infusion is a tisane, which denotes an herbal elixir that results from the steeping of botanical elements of chrysanthemum plants like stems, leaves, and blossoms in hot water.
Factors Influencing Market Growth
- The upsurge in demand for high-quality and authentic tea experiences is expected to unlock new avenues for the growth of the chrysanthemum tea market.
- The limited familiarity and awareness with chrysanthemum tea offer significant barriers to the growth of the market.
- The availability of a collection of premium and distinct tea varieties containing chrysanthemum tea and other blends, including herbal and floral elements, tailored to adjust the various preferences of consumers, is expected to offer lucrative prospects for the development of the market during the forecast period.
Regional Analysis
In 2023, Asia-Pacific dominated the global chrysanthemum tea and is anticipated to dominate the market during the forecast period. This is attributed to the fact that chrysanthemum tea is a refreshing and popular beverage in Korea, Singapore, China, and Japan, particularly during hot summers.
It holds conventional health advantages and has been part of Chinese medicine for centuries. The therapeutic effects of chrysanthemum have been used in herbal remedies for different health problems. Its overall cultivation in Japan, China, and India allows key players to satisfy consumer demands easily.
Leading Companies
The leading prominent companies profiled in the global chrysanthemum tea market are:
- Yunnan Sourcing Tea Shop
- Bravo Tea
- Asha Tea House
- Teasenz
- The Chinese Tea Company
- Ten Ren Tea
- Grand Tea & Imports
- Onyx Coffee Lab
- Chymey Teas
- Yeo Hiap Seng Ltd.
- Other prominent key players
Segmentation Outline
The global chrysanthemum tea market segmentation focuses on Type, Packaging, Application, Distribution Channel, and Region.
Segmentation based on Type
- Chrysanthemum indicum
- Chrysanthemum morifolium
Segmentation based on Packaging
- Loose tea
- Tea bags
- Bottled/Canned
Segmentation based on Application
- Residential
- Commercial
Segmentation based on Distribution Channel
- Online
- Offline
Segmentation based on Region
- North America
- The U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Singapore
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
