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Chrysanthemum Tea Market By Type, By Packaging, By Application, By Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2023-2032

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    Report

  • 250 Pages
  • August 2023
  • Region: Global
  • Allied Market Research
  • ID: 5894547
UP TO OFF until Nov 15th 2024
The global chrysanthemum tea market was valued at $153.1 million in 2022, and is projected to reach $249.8 million by 2032, registering a CAGR of 5.1% from 2023 to 2032.

Chrysanthemum tea is a delicately hued, translucent yellow beverage derived through the infusion of dried chrysanthemum flowers in boiled water. This infusion known as a tisane, denotes an herbal elixir which results from the steeping of botanical components of chrysanthemum plant such as leaves, stems, and blossoms in hot water. Diverging from the conventional black or green tea varieties, chrysanthemum tea distinguishes itself by its absence of caffeine, setting it apart from other caffeinated counterparts. Positioned within the herbal tea category, it offers a caffeine-free substitute characterized by the unique flavor profile derived from the chrysanthemum flowers. This tea has gained recognition for its affiliation with a spectrum of health advantages, which consists of heightened immune reactivity, mitigated inflammation, and diminished blood pressure levels.

The chrysanthemum tea market has witnessed significant growth driven by rise in demand for floral-flavored beverages. These drinks provide a unique and innovative taste experience that appeals to consumers seeking variety in their tea choices. Chrysanthemum tea, with its distinctive floral notes, effectively meets this demand and offers a compelling alternative to traditional beverages. The aesthetic appeal of floral-infused drinks, characterized by vivid colors and delicate flower petals, enhances their popularity among consumers who value presentation in their tea beverages. In addition, increase in interest in floral-infused beverages presents substantial opportunities for market participants in the chrysanthemum tea industry to cater to diverse consumer preferences, leverage the natural and botanical trend, and attract a broader customer base, particularly health-conscious individuals. Leading players in the market offer high-quality floral-infused beverages to capture attention and appeal to a large audience seeking natural tea drinks. These players may explore new opportunities by introducing exceptional products in the chrysanthemum tea category.

However, limited awareness and unfamiliarity of chrysanthemum tea pose significant obstacles for the market growth. In addition, lack of consumer knowledge about the benefits and uses of chrysanthemum tea impedes its widespread acceptance in different parts of the world. Furthermore, cultural differences notably hamper the market penetration of chrysanthemum tea. For instance, in specific European cultures, especially in Western and Southern regions, the chrysanthemum flower is intricately linked to the concepts of death and mourning. It is routinely employed as a symbol of remembrance and prominently incorporated in funeral displays and cemetery settings. This cultural viewpoint is notably prevalent in nations such as France, Italy, Spain, and Belgium, where chrysanthemums elicit sentiments linked to mourning and sorrow. Within certain European cultural frameworks, particularly pronounced in Western and Southern Europe, the chrysanthemum flower holds a deep-seated connection with the concepts of death and grieving. This floral emblem holds a significant role as a symbol of commemoration, finding a prominent place within funeral displays and cemetery landscapes. This cultural perspective notably permeates countries including France, Italy, Spain, and Belgium, where the chrysanthemum invokes sentiments of bereavement and lamentation. This sentiment is particularly observable during significant observances like All Saints' Day and All Souls' Day, where individuals pay homage to their departed kin by adorning gravesites with floral arrangements, with chrysanthemums ranking among the most commonly selected varieties. This intrinsic link between chrysanthemums and funeral traditions establishes a psychological barrier for some individuals when considering the incorporation of chrysanthemum tea into their beverage preferences. However, within the burgeoning landscape of specialty teas, a compelling prospect for expansion and ingenuity emerges within the beverage sector.

This market encompasses a range of unique and premium tea categories, which include chrysanthemum tea and other floral and herbal blends, tailored to cater to diverse consumer preferences. Furthermore, increase has been witnessed in the demand for authentic and high-quality tea experiences as consumers seek beverages that offer distinct and refined flavors. Moreover, the emphasis on health-conscious lifestyles has fueled the popularity of specialty teas, which often boast natural ingredients and potential health benefits. The specialty tea market offers beverage companies a plethora of opportunities to differentiate their offerings through the introduction of distinct flavors and blends that target specific segments of tea-consuming individuals. This allows companies to exercise control over premium pricing and establish themselves as leaders in the premium tea segment in the beverages category. Collaborations with tea artisans provide an opportunity to leverage their expertise and craftsmanship, which results in the creation of exceptional tea combinations that captivate a wide audience. In addition, packaging innovation is crucial in the expansion of this market, as visually appealing designs in packages contribute to the overall appeal of specialty teas and attract consumers who appreciate the artistry and sophistication of the product.

The global chrysanthemum tea market is segmented into type, packaging, application, distribution channel, and region. On the basis of type, the market is segregated into chrysanthemum indicum and chrysanthemum morifolium. As per packaging, it is divided into loose tea, tea bags, and bottled/canned. According to application, it is bifurcated into residential and commercial. On the basis of distribution channel, it is categorized into online and offline. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, Russia, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, Egypt, and rest of LAMEA).

The key players operating in the chrysanthemum tea market include 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, and Yeo Hiap Seng Ltd.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the chrysanthemum tea market analysis from 2022 to 2032 to identify the prevailing chrysanthemum tea market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the chrysanthemum tea market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global chrysanthemum tea market trends, key players, market segments, application areas, and market growth strategies.

Additional benefits you will get with this purchase are:

  • Quarterly update (only available with the purchase of an enterprise license)
  • 5 additional company profiles of your choice, pre- or post-purchase, as a free update.
  • Free updated version (once released) with the purchase of a 1-5 or enterprise user license.
  • 16 analyst hours of support (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
  • 15% free customization (in case the scope or segment of the report does not match your requirements, 20% is equivalent to 3 working days of free work, applicable once)
  • Free data pack (Excel version) with the purchase of a 1-5 or enterprise user license.
  • Free report update, if the report is 6-12 months old or older.
  • 24-hour priority response
  • Free industry updates and white papers.

Key Market Segments

By Type

  • Chrysanthemum indicum
  • Chrysanthemum morifolium

By Packaging

  • Loose tea
  • Tea bags
  • Bottled/Canned

By Application

  • Residential
  • Commercial

By Distribution Channel

  • Online
  • Offline

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • South Africa
  • Saudi Arabia
  • Egypt
  • Rest of LAMEA

Key Market Players

  • Ten Ren Tea Inc.
  • Bravo Tea
  • The Chinese Tea Company
  • Onyx Coffee Lab
  • Asha Tea House
  • Teasenz
  • Grand Tea & Imports
  • Yeo Hiap Seng Ltd.
  • Yunnan Sourcing Tea Shop
  • Chymey Teas

 

Please note:

  • Online Access price format is valid for 60 days access. Printing is not enabled.
  • PDF Single and Enterprise price formats enable printing.

 

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. Moderate bargaining power of suppliers
3.3.2. Moderate threat of new entrants
3.3.3. Moderate threat of substitutes
3.3.4. Moderate intensity of rivalry
3.3.5. Low bargaining power of buyers
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Rise in demand for floral-infused beverages
3.4.1.2. Health benefits associated with tea
3.4.1.3. Product innovation and diversification
3.4.2. Restraints
3.4.2.1. Limited awareness and familiarity
3.4.2.2. Competition from established beverages
3.4.3. Opportunities
3.4.3.1. Expansion of specialty tea market
3.4.3.2. Increase in online retail
3.5. COVID-19 Impact Analysis on the market
3.6. Value Chain Analysis
CHAPTER 4: CHRYSANTHEMUM TEA MARKET, BY TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Chrysanthemum indicum
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Chrysanthemum morifolium
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
CHAPTER 5: CHRYSANTHEMUM TEA MARKET, BY PACKAGING
5.1. Overview
5.1.1. Market size and forecast
5.2. Loose tea
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Tea bags
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
5.4. Bottled/Canned
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market share analysis by country
CHAPTER 6: CHRYSANTHEMUM TEA MARKET, BY APPLICATION
6.1. Overview
6.1.1. Market size and forecast
6.2. Residential
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market share analysis by country
6.3. Commercial
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market share analysis by country
CHAPTER 7: CHRYSANTHEMUM TEA MARKET, BY DISTRIBUTION CHANNEL
7.1. Overview
7.1.1. Market size and forecast
7.2. Online
7.2.1. Key market trends, growth factors and opportunities
7.2.2. Market size and forecast, by region
7.2.3. Market share analysis by country
7.3. Offline
7.3.1. Key market trends, growth factors and opportunities
7.3.2. Market size and forecast, by region
7.3.3. Market share analysis by country
CHAPTER 8: CHRYSANTHEMUM TEA MARKET, BY REGION
8.1. Overview
8.1.1. Market size and forecast By Region
8.2. North America
8.2.1. Key market trends, growth factors and opportunities
8.2.2. Market size and forecast, by Type
8.2.3. Market size and forecast, by Packaging
8.2.4. Market size and forecast, by Application
8.2.5. Market size and forecast, by Distribution Channel
8.2.6. Market size and forecast, by country
8.2.6.1. U.S.
8.2.6.1.1. Market size and forecast, by Type
8.2.6.1.2. Market size and forecast, by Packaging
8.2.6.1.3. Market size and forecast, by Application
8.2.6.1.4. Market size and forecast, by Distribution Channel
8.2.6.2. Canada
8.2.6.2.1. Market size and forecast, by Type
8.2.6.2.2. Market size and forecast, by Packaging
8.2.6.2.3. Market size and forecast, by Application
8.2.6.2.4. Market size and forecast, by Distribution Channel
8.2.6.3. Mexico
8.2.6.3.1. Market size and forecast, by Type
8.2.6.3.2. Market size and forecast, by Packaging
8.2.6.3.3. Market size and forecast, by Application
8.2.6.3.4. Market size and forecast, by Distribution Channel
8.3. Europe
8.3.1. Key market trends, growth factors and opportunities
8.3.2. Market size and forecast, by Type
8.3.3. Market size and forecast, by Packaging
8.3.4. Market size and forecast, by Application
8.3.5. Market size and forecast, by Distribution Channel
8.3.6. Market size and forecast, by country
8.3.6.1. UK
8.3.6.1.1. Market size and forecast, by Type
8.3.6.1.2. Market size and forecast, by Packaging
8.3.6.1.3. Market size and forecast, by Application
8.3.6.1.4. Market size and forecast, by Distribution Channel
8.3.6.2. Germany
8.3.6.2.1. Market size and forecast, by Type
8.3.6.2.2. Market size and forecast, by Packaging
8.3.6.2.3. Market size and forecast, by Application
8.3.6.2.4. Market size and forecast, by Distribution Channel
8.3.6.3. France
8.3.6.3.1. Market size and forecast, by Type
8.3.6.3.2. Market size and forecast, by Packaging
8.3.6.3.3. Market size and forecast, by Application
8.3.6.3.4. Market size and forecast, by Distribution Channel
8.3.6.4. Italy
8.3.6.4.1. Market size and forecast, by Type
8.3.6.4.2. Market size and forecast, by Packaging
8.3.6.4.3. Market size and forecast, by Application
8.3.6.4.4. Market size and forecast, by Distribution Channel
8.3.6.5. Spain
8.3.6.5.1. Market size and forecast, by Type
8.3.6.5.2. Market size and forecast, by Packaging
8.3.6.5.3. Market size and forecast, by Application
8.3.6.5.4. Market size and forecast, by Distribution Channel
8.3.6.6. Rest of Europe
8.3.6.6.1. Market size and forecast, by Type
8.3.6.6.2. Market size and forecast, by Packaging
8.3.6.6.3. Market size and forecast, by Application
8.3.6.6.4. Market size and forecast, by Distribution Channel
8.4. Asia-Pacific
8.4.1. Key market trends, growth factors and opportunities
8.4.2. Market size and forecast, by Type
8.4.3. Market size and forecast, by Packaging
8.4.4. Market size and forecast, by Application
8.4.5. Market size and forecast, by Distribution Channel
8.4.6. Market size and forecast, by country
8.4.6.1. China
8.4.6.1.1. Market size and forecast, by Type
8.4.6.1.2. Market size and forecast, by Packaging
8.4.6.1.3. Market size and forecast, by Application
8.4.6.1.4. Market size and forecast, by Distribution Channel
8.4.6.2. Japan
8.4.6.2.1. Market size and forecast, by Type
8.4.6.2.2. Market size and forecast, by Packaging
8.4.6.2.3. Market size and forecast, by Application
8.4.6.2.4. Market size and forecast, by Distribution Channel
8.4.6.3. India
8.4.6.3.1. Market size and forecast, by Type
8.4.6.3.2. Market size and forecast, by Packaging
8.4.6.3.3. Market size and forecast, by Application
8.4.6.3.4. Market size and forecast, by Distribution Channel
8.4.6.4. South Korea
8.4.6.4.1. Market size and forecast, by Type
8.4.6.4.2. Market size and forecast, by Packaging
8.4.6.4.3. Market size and forecast, by Application
8.4.6.4.4. Market size and forecast, by Distribution Channel
8.4.6.5. Australia
8.4.6.5.1. Market size and forecast, by Type
8.4.6.5.2. Market size and forecast, by Packaging
8.4.6.5.3. Market size and forecast, by Application
8.4.6.5.4. Market size and forecast, by Distribution Channel
8.4.6.6. Rest of Asia-Pacific
8.4.6.6.1. Market size and forecast, by Type
8.4.6.6.2. Market size and forecast, by Packaging
8.4.6.6.3. Market size and forecast, by Application
8.4.6.6.4. Market size and forecast, by Distribution Channel
8.5. LAMEA
8.5.1. Key market trends, growth factors and opportunities
8.5.2. Market size and forecast, by Type
8.5.3. Market size and forecast, by Packaging
8.5.4. Market size and forecast, by Application
8.5.5. Market size and forecast, by Distribution Channel
8.5.6. Market size and forecast, by country
8.5.6.1. Brazil
8.5.6.1.1. Market size and forecast, by Type
8.5.6.1.2. Market size and forecast, by Packaging
8.5.6.1.3. Market size and forecast, by Application
8.5.6.1.4. Market size and forecast, by Distribution Channel
8.5.6.2. South Africa
8.5.6.2.1. Market size and forecast, by Type
8.5.6.2.2. Market size and forecast, by Packaging
8.5.6.2.3. Market size and forecast, by Application
8.5.6.2.4. Market size and forecast, by Distribution Channel
8.5.6.3. Saudi Arabia
8.5.6.3.1. Market size and forecast, by Type
8.5.6.3.2. Market size and forecast, by Packaging
8.5.6.3.3. Market size and forecast, by Application
8.5.6.3.4. Market size and forecast, by Distribution Channel
8.5.6.4. Egypt
8.5.6.4.1. Market size and forecast, by Type
8.5.6.4.2. Market size and forecast, by Packaging
8.5.6.4.3. Market size and forecast, by Application
8.5.6.4.4. Market size and forecast, by Distribution Channel
8.5.6.5. Rest of LAMEA
8.5.6.5.1. Market size and forecast, by Type
8.5.6.5.2. Market size and forecast, by Packaging
8.5.6.5.3. Market size and forecast, by Application
8.5.6.5.4. Market size and forecast, by Distribution Channel
CHAPTER 9: COMPETITIVE LANDSCAPE
9.1. Introduction
9.2. Top winning strategies
9.3. Product Mapping of Top 10 Players
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Top player positioning, 2022
CHAPTER 10: COMPANY PROFILES
10.1. Yunnan Sourcing Tea Shop
10.1.1. Company overview
10.1.2. Key Executives
10.1.3. Company snapshot
10.1.4. Operating business segments
10.1.5. Product portfolio
10.2. Bravo Tea
10.2.1. Company overview
10.2.2. Key Executives
10.2.3. Company snapshot
10.2.4. Operating business segments
10.2.5. Product portfolio
10.3. Asha Tea House
10.3.1. Company overview
10.3.2. Key Executives
10.3.3. Company snapshot
10.3.4. Operating business segments
10.3.5. Product portfolio
10.4. Teasenz
10.4.1. Company overview
10.4.2. Key Executives
10.4.3. Company snapshot
10.4.4. Operating business segments
10.4.5. Product portfolio
10.5. The Chinese Tea Company
10.5.1. Company overview
10.5.2. Key Executives
10.5.3. Company snapshot
10.5.4. Operating business segments
10.5.5. Product portfolio
10.6. Ten Ren Tea Inc.
10.6.1. Company overview
10.6.2. Key Executives
10.6.3. Company snapshot
10.6.4. Operating business segments
10.6.5. Product portfolio
10.7. Grand Tea & Imports
10.7.1. Company overview
10.7.2. Key Executives
10.7.3. Company snapshot
10.7.4. Operating business segments
10.7.5. Product portfolio
10.8. Onyx Coffee Lab
10.8.1. Company overview
10.8.2. Key Executives
10.8.3. Company snapshot
10.8.4. Operating business segments
10.8.5. Product portfolio
10.9. Chymey Teas
10.9.1. Company overview
10.9.2. Key Executives
10.9.3. Company snapshot
10.9.4. Operating business segments
10.9.5. Product portfolio
10.10. Yeo Hiap Seng Ltd.
10.10.1. Company overview
10.10.2. Key Executives
10.10.3. Company snapshot
10.10.4. Operating business segments
10.10.5. Product portfolio
10.10.6. Business performance
List of Tables
Table 01. Global Chrysanthemum Tea Market, by Type, 2022-2032 ($Million)
Table 02. Chrysanthemum Tea Market for Chrysanthemum Indicum, by Region, 2022-2032 ($Million)
Table 03. Chrysanthemum Tea Market for Chrysanthemum Morifolium, by Region, 2022-2032 ($Million)
Table 04. Global Chrysanthemum Tea Market, by Packaging, 2022-2032 ($Million)
Table 05. Chrysanthemum Tea Market for Loose Tea, by Region, 2022-2032 ($Million)
Table 06. Chrysanthemum Tea Market for Tea Bags, by Region, 2022-2032 ($Million)
Table 07. Chrysanthemum Tea Market for Bottled/Canned, by Region, 2022-2032 ($Million)
Table 08. Global Chrysanthemum Tea Market, by Application, 2022-2032 ($Million)
Table 09. Chrysanthemum Tea Market for Residential, by Region, 2022-2032 ($Million)
Table 10. Chrysanthemum Tea Market for Commercial, by Region, 2022-2032 ($Million)
Table 11. Global Chrysanthemum Tea Market, by Distribution Channel, 2022-2032 ($Million)
Table 12. Chrysanthemum Tea Market for Online, by Region, 2022-2032 ($Million)
Table 13. Chrysanthemum Tea Market for Offline, by Region, 2022-2032 ($Million)
Table 14. Chrysanthemum Tea Market, by Region, 2022-2032 ($Million)
Table 15. North America Chrysanthemum Tea Market, by Type, 2022-2032 ($Million)
Table 16. North America Chrysanthemum Tea Market, by Packaging, 2022-2032 ($Million)
Table 17. North America Chrysanthemum Tea Market, by Application, 2022-2032 ($Million)
Table 18. North America Chrysanthemum Tea Market, by Distribution Channel, 2022-2032 ($Million)
Table 19. North America Chrysanthemum Tea Market, by Country, 2022-2032 ($Million)
Table 20. U.S. Chrysanthemum Tea Market, by Type, 2022-2032 ($Million)
Table 21. U.S. Chrysanthemum Tea Market, by Packaging, 2022-2032 ($Million)
Table 22. U.S. Chrysanthemum Tea Market, by Application, 2022-2032 ($Million)
Table 23. U.S. Chrysanthemum Tea Market, by Distribution Channel, 2022-2032 ($Million)
Table 24. Canada Chrysanthemum Tea Market, by Type, 2022-2032 ($Million)
Table 25. Canada Chrysanthemum Tea Market, by Packaging, 2022-2032 ($Million)
Table 26. Canada Chrysanthemum Tea Market, by Application, 2022-2032 ($Million)
Table 27. Canada Chrysanthemum Tea Market, by Distribution Channel, 2022-2032 ($Million)
Table 28. Mexico Chrysanthemum Tea Market, by Type, 2022-2032 ($Million)
Table 29. Mexico Chrysanthemum Tea Market, by Packaging, 2022-2032 ($Million)
Table 30. Mexico Chrysanthemum Tea Market, by Application, 2022-2032 ($Million)
Table 31. Mexico Chrysanthemum Tea Market, by Distribution Channel, 2022-2032 ($Million)
Table 32. Europe Chrysanthemum Tea Market, by Type, 2022-2032 ($Million)
Table 33. Europe Chrysanthemum Tea Market, by Packaging, 2022-2032 ($Million)
Table 34. Europe Chrysanthemum Tea Market, by Application, 2022-2032 ($Million)
Table 35. Europe Chrysanthemum Tea Market, by Distribution Channel, 2022-2032 ($Million)
Table 36. Europe Chrysanthemum Tea Market, by Country, 2022-2032 ($Million)
Table 37. UK Chrysanthemum Tea Market, by Type, 2022-2032 ($Million)
Table 38. UK Chrysanthemum Tea Market, by Packaging, 2022-2032 ($Million)
Table 39. UK Chrysanthemum Tea Market, by Application, 2022-2032 ($Million)
Table 40. UK Chrysanthemum Tea Market, by Distribution Channel, 2022-2032 ($Million)
Table 41. Germany Chrysanthemum Tea Market, by Type, 2022-2032 ($Million)
Table 42. Germany Chrysanthemum Tea Market, by Packaging, 2022-2032 ($Million)
Table 43. Germany Chrysanthemum Tea Market, by Application, 2022-2032 ($Million)
Table 44. Germany Chrysanthemum Tea Market, by Distribution Channel, 2022-2032 ($Million)
Table 45. France Chrysanthemum Tea Market, by Type, 2022-2032 ($Million)
Table 46. France Chrysanthemum Tea Market, by Packaging, 2022-2032 ($Million)
Table 47. France Chrysanthemum Tea Market, by Application, 2022-2032 ($Million)
Table 48. France Chrysanthemum Tea Market, by Distribution Channel, 2022-2032 ($Million)
Table 49. Italy Chrysanthemum Tea Market, by Type, 2022-2032 ($Million)
Table 50. Italy Chrysanthemum Tea Market, by Packaging, 2022-2032 ($Million)
Table 51. Italy Chrysanthemum Tea Market, by Application, 2022-2032 ($Million)
Table 52. Italy Chrysanthemum Tea Market, by Distribution Channel, 2022-2032 ($Million)
Table 53. Spain Chrysanthemum Tea Market, by Type, 2022-2032 ($Million)
Table 54. Spain Chrysanthemum Tea Market, by Packaging, 2022-2032 ($Million)
Table 55. Spain Chrysanthemum Tea Market, by Application, 2022-2032 ($Million)
Table 56. Spain Chrysanthemum Tea Market, by Distribution Channel, 2022-2032 ($Million)
Table 57. Rest of Europe Chrysanthemum Tea Market, by Type, 2022-2032 ($Million)
Table 58. Rest of Europe Chrysanthemum Tea Market, by Packaging, 2022-2032 ($Million)
Table 59. Rest of Europe Chrysanthemum Tea Market, by Application, 2022-2032 ($Million)
Table 60. Rest of Europe Chrysanthemum Tea Market, by Distribution Channel, 2022-2032 ($Million)
Table 61. Asia-Pacific Chrysanthemum Tea Market, by Type, 2022-2032 ($Million)
Table 62. Asia-Pacific Chrysanthemum Tea Market, by Packaging, 2022-2032 ($Million)
Table 63. Asia-Pacific Chrysanthemum Tea Market, by Application, 2022-2032 ($Million)
Table 64. Asia-Pacific Chrysanthemum Tea Market, by Distribution Channel, 2022-2032 ($Million)
Table 65. Asia-Pacific Chrysanthemum Tea Market, by Country, 2022-2032 ($Million)
Table 66. China Chrysanthemum Tea Market, by Type, 2022-2032 ($Million)
Table 67. China Chrysanthemum Tea Market, by Packaging, 2022-2032 ($Million)
Table 68. China Chrysanthemum Tea Market, by Application, 2022-2032 ($Million)
Table 69. China Chrysanthemum Tea Market, by Distribution Channel, 2022-2032 ($Million)
Table 70. Japan Chrysanthemum Tea Market, by Type, 2022-2032 ($Million)
Table 71. Japan Chrysanthemum Tea Market, by Packaging, 2022-2032 ($Million)
Table 72. Japan Chrysanthemum Tea Market, by Application, 2022-2032 ($Million)
Table 73. Japan Chrysanthemum Tea Market, by Distribution Channel, 2022-2032 ($Million)
Table 74. India Chrysanthemum Tea Market, by Type, 2022-2032 ($Million)
Table 75. India Chrysanthemum Tea Market, by Packaging, 2022-2032 ($Million)
Table 76. India Chrysanthemum Tea Market, by Application, 2022-2032 ($Million)
Table 77. India Chrysanthemum Tea Market, by Distribution Channel, 2022-2032 ($Million)
Table 78. South Korea Chrysanthemum Tea Market, by Type, 2022-2032 ($Million)
Table 79. South Korea Chrysanthemum Tea Market, by Packaging, 2022-2032 ($Million)
Table 80. South Korea Chrysanthemum Tea Market, by Application, 2022-2032 ($Million)
Table 81. South Korea Chrysanthemum Tea Market, by Distribution Channel, 2022-2032 ($Million)
Table 82. Australia Chrysanthemum Tea Market, by Type, 2022-2032 ($Million)
Table 83. Australia Chrysanthemum Tea Market, by Packaging, 2022-2032 ($Million)
Table 84. Australia Chrysanthemum Tea Market, by Application, 2022-2032 ($Million)
Table 85. Australia Chrysanthemum Tea Market, by Distribution Channel, 2022-2032 ($Million)
Table 86. Rest of Asia-Pacific Chrysanthemum Tea Market, by Type, 2022-2032 ($Million)
Table 87. Rest of Asia-Pacific Chrysanthemum Tea Market, by Packaging, 2022-2032 ($Million)
Table 88. Rest of Asia-Pacific Chrysanthemum Tea Market, by Application, 2022-2032 ($Million)
Table 89. Rest of Asia-Pacific Chrysanthemum Tea Market, by Distribution Channel, 2022-2032 ($Million)
Table 90. LAMEA Chrysanthemum Tea Market, by Type, 2022-2032 ($Million)
Table 91. LAMEA Chrysanthemum Tea Market, by Packaging, 2022-2032 ($Million)
Table 92. LAMEA Chrysanthemum Tea Market, by Application, 2022-2032 ($Million)
Table 93. LAMEA Chrysanthemum Tea Market, by Distribution Channel, 2022-2032 ($Million)
Table 94. LAMEA Chrysanthemum Tea Market, by Country, 2022-2032 ($Million)
Table 95. Brazil Chrysanthemum Tea Market, by Type, 2022-2032 ($Million)
Table 96. Brazil Chrysanthemum Tea Market, by Packaging, 2022-2032 ($Million)
Table 97. Brazil Chrysanthemum Tea Market, by Application, 2022-2032 ($Million)
Table 98. Brazil Chrysanthemum Tea Market, by Distribution Channel, 2022-2032 ($Million)
Table 99. South Africa Chrysanthemum Tea Market, by Type, 2022-2032 ($Million)
Table 100. South Africa Chrysanthemum Tea Market, by Packaging, 2022-2032 ($Million)
Table 101. South Africa Chrysanthemum Tea Market, by Application, 2022-2032 ($Million)
Table 102. South Africa Chrysanthemum Tea Market, by Distribution Channel, 2022-2032 ($Million)
Table 103. Saudi Arabia Chrysanthemum Tea Market, by Type, 2022-2032 ($Million)
Table 104. Saudi Arabia Chrysanthemum Tea Market, by Packaging, 2022-2032 ($Million)
Table 105. Saudi Arabia Chrysanthemum Tea Market, by Application, 2022-2032 ($Million)
Table 106. Saudi Arabia Chrysanthemum Tea Market, by Distribution Channel, 2022-2032 ($Million)
Table 107. Egypt Chrysanthemum Tea Market, by Type, 2022-2032 ($Million)
Table 108. Egypt Chrysanthemum Tea Market, by Packaging, 2022-2032 ($Million)
Table 109. Egypt Chrysanthemum Tea Market, by Application, 2022-2032 ($Million)
Table 110. Egypt Chrysanthemum Tea Market, by Distribution Channel, 2022-2032 ($Million)
Table 111. Rest of LAMEA Chrysanthemum Tea Market, by Type, 2022-2032 ($Million)
Table 112. Rest of LAMEA Chrysanthemum Tea Market, by Packaging, 2022-2032 ($Million)
Table 113. Rest of LAMEA Chrysanthemum Tea Market, by Application, 2022-2032 ($Million)
Table 114. Rest of LAMEA Chrysanthemum Tea Market, by Distribution Channel, 2022-2032 ($Million)
Table 115. Yunnan Sourcing Tea Shop: Key Executives
Table 116. Yunnan Sourcing Tea Shop: Company Snapshot
Table 117. Yunnan Sourcing Tea Shop: Product Segments
Table 118. Yunnan Sourcing Tea Shop: Product Portfolio
Table 119. Bravo Tea: Key Executives
Table 120. Bravo Tea: Company Snapshot
Table 121. Bravo Tea: Product Segments
Table 122. Bravo Tea: Product Portfolio
Table 123. Asha Tea House: Key Executives
Table 124. Asha Tea House: Company Snapshot
Table 125. Asha Tea House: Product Segments
Table 126. Asha Tea House: Product Portfolio
Table 127. Teasenz: Key Executives
Table 128. Teasenz: Company Snapshot
Table 129. Teasenz: Product Segments
Table 130. Teasenz: Product Portfolio
Table 131. The Chinese Tea Company: Key Executives
Table 132. The Chinese Tea Company: Company Snapshot
Table 133. The Chinese Tea Company: Product Segments
Table 134. The Chinese Tea Company: Product Portfolio
Table 135. Ten Ren Tea Inc.: Key Executives
Table 136. Ten Ren Tea Inc.: Company Snapshot
Table 137. Ten Ren Tea Inc.: Product Segments
Table 138. Ten Ren Tea Inc.: Product Portfolio
Table 139. Grand Tea & Imports: Key Executives
Table 140. Grand Tea & Imports: Company Snapshot
Table 141. Grand Tea & Imports: Product Segments
Table 142. Grand Tea & Imports: Product Portfolio
Table 143. Onyx Coffee Lab: Key Executives
Table 144. Onyx Coffee Lab: Company Snapshot
Table 145. Onyx Coffee Lab: Product Segments
Table 146. Onyx Coffee Lab: Product Portfolio
Table 147. Chymey Teas: Key Executives
Table 148. Chymey Teas: Company Snapshot
Table 149. Chymey Teas: Product Segments
Table 150. Chymey Teas: Product Portfolio
Table 151. Yeo Hiap Seng Ltd.: Key Executives
Table 152. Yeo Hiap Seng Ltd.: Company Snapshot
Table 153. Yeo Hiap Seng Ltd.: Product Segments
Table 154. Yeo Hiap Seng Ltd.: Product Portfolio
List of Figures
Figure 01. Chrysanthemum Tea Market, 2022-2032
Figure 02. Segmentation of Chrysanthemum Tea Market, 2022-2032
Figure 03. Top Investment Pockets in Chrysanthemum Tea Market (2023-2032)
Figure 04. Moderate Bargaining Power of Suppliers
Figure 05. Moderate Threat of New Entrants
Figure 06. Moderate Threat of Substitutes
Figure 07. Moderate Intensity of Rivalry
Figure 08. Low Bargaining Power of Buyers
Figure 09. Global Chrysanthemum Tea Market:Drivers, Restraints and Opportunities
Figure 10. Chrysanthemum Tea Market, by Type, 2022 (%)
Figure 11. Comparative Share Analysis of Chrysanthemum Tea Market for Chrysanthemum Indicum, by Country 2022 and 2032 (%)
Figure 12. Comparative Share Analysis of Chrysanthemum Tea Market for Chrysanthemum Morifolium, by Country 2022 and 2032 (%)
Figure 13. Chrysanthemum Tea Market, by Packaging, 2022 (%)
Figure 14. Comparative Share Analysis of Chrysanthemum Tea Market for Loose Tea, by Country 2022 and 2032 (%)
Figure 15. Comparative Share Analysis of Chrysanthemum Tea Market for Tea Bags, by Country 2022 and 2032 (%)
Figure 16. Comparative Share Analysis of Chrysanthemum Tea Market for Bottled/Canned, by Country 2022 and 2032 (%)
Figure 17. Chrysanthemum Tea Market, by Application, 2022 (%)
Figure 18. Comparative Share Analysis of Chrysanthemum Tea Market for Residential, by Country 2022 and 2032 (%)
Figure 19. Comparative Share Analysis of Chrysanthemum Tea Market for Commercial, by Country 2022 and 2032 (%)
Figure 20. Chrysanthemum Tea Market, by Distribution Channel, 2022 (%)
Figure 21. Comparative Share Analysis of Chrysanthemum Tea Market for Online, by Country 2022 and 2032 (%)
Figure 22. Comparative Share Analysis of Chrysanthemum Tea Market for Offline, by Country 2022 and 2032 (%)
Figure 23. Chrysanthemum Tea Market by Region, 2022 (%)
Figure 24. U.S. Chrysanthemum Tea Market, 2022-2032 ($Million)
Figure 25. Canada Chrysanthemum Tea Market, 2022-2032 ($Million)
Figure 26. Mexico Chrysanthemum Tea Market, 2022-2032 ($Million)
Figure 27. UK Chrysanthemum Tea Market, 2022-2032 ($Million)
Figure 28. Germany Chrysanthemum Tea Market, 2022-2032 ($Million)
Figure 29. France Chrysanthemum Tea Market, 2022-2032 ($Million)
Figure 30. Italy Chrysanthemum Tea Market, 2022-2032 ($Million)
Figure 31. Spain Chrysanthemum Tea Market, 2022-2032 ($Million)
Figure 32. Rest of Europe Chrysanthemum Tea Market, 2022-2032 ($Million)
Figure 33. China Chrysanthemum Tea Market, 2022-2032 ($Million)
Figure 34. Japan Chrysanthemum Tea Market, 2022-2032 ($Million)
Figure 35. India Chrysanthemum Tea Market, 2022-2032 ($Million)
Figure 36. South Korea Chrysanthemum Tea Market, 2022-2032 ($Million)
Figure 37. Australia Chrysanthemum Tea Market, 2022-2032 ($Million)
Figure 38. Rest of Asia-Pacific Chrysanthemum Tea Market, 2022-2032 ($Million)
Figure 39. Brazil Chrysanthemum Tea Market, 2022-2032 ($Million)
Figure 40. South Africa Chrysanthemum Tea Market, 2022-2032 ($Million)
Figure 41. Saudi Arabia Chrysanthemum Tea Market, 2022-2032 ($Million)
Figure 42. Egypt Chrysanthemum Tea Market, 2022-2032 ($Million)
Figure 43. Rest of LAMEA Chrysanthemum Tea Market, 2022-2032 ($Million)
Figure 44. Top Winning Strategies, by Year
Figure 45. Top Winning Strategies, by Development
Figure 46. Top Winning Strategies, by Company
Figure 47. Product Mapping of Top 10 Players
Figure 48. Competitive Dashboard
Figure 49. Competitive Heatmap: Chrysanthemum Tea Market
Figure 50. Top Player Positioning, 2022
Figure 51. Yeo Hiap Seng Ltd.: Net Revenue, 2020-2022 ($Million)
Figure 52. Yeo Hiap Seng Ltd.: Revenue Share by Segment, 2022 (%)
Figure 53. Yeo Hiap Seng Ltd.: Revenue Share by Region, 2022 (%)

Executive Summary

According to this report, the chrysanthemum tea market was valued at $153.10 million in 2022, and is estimated to reach $249.8 million by 2032, growing at a CAGR of 5.1% from 2023 to 2032.

Chrysanthemum tea refers to an herbal infusion derived from the blossoms of the chrysanthemum plant, specifically chrysanthemum indicum or chrysanthemum morifolium. This beverage bears significant cultural significance in Asian markets, particularly in China, where it has gained widespread favor across various generations. The tea undergoes a meticulous preparation process involving the steeping of dried chrysanthemum flowers in hot water, allowing the absorption of aromatic essences and beneficial compounds into the infusion. Chrysanthemum tea exhibits a light floral fragrance and a subtly sweet flavor, which render it an option for both hot and cold consumption.

The major factor that drives the growth of the chrysanthemum tea market is constant innovation in the product category by the market players. In the highly competitive chrysanthemum tea industry, major stakeholders employ strategic initiatives to drive innovation and diversification in their product offerings. These measures include the infusion of chrysanthemum tea with complementary flavors, along with the implementation of changes in packaging and design. In addition, companies incorporate additional herbs and botanicals renowned for their health properties that also emphasize the integration of functional benefits. The leading market players such as Yunnan Sourcing Tea Shop and the Chinese Tea Company exemplify this approach through the introduction of chrysanthemum tea blends combined with jasmine, globe amaranth, and green tea, which enhances the overall value proposition. Moreover, these companies invest in packaging innovation to enhance the customer experience and differentiate their products on store shelves from other tea varieties present in the market. They explore convenient formats and aesthetically appealing designs, such as pyramid-shaped tea bags, compostable alternatives, and reusable tins, to cater to the evolving preferences of modern consumers. As a result of the rising consumer interest in organic and sustainable products, key players actively source premium, organic chrysanthemum flowers and adopt sustainable practices throughout their supply chains. This not only resonates with environmentally conscious customers but also helps these brands establish themselves as socially responsible entities within the market.

One of the primary challenges is the tough competition faced from established beverages in the marketplace. Chrysanthemum tea faces intense competition within the market, primarily due to the proliferation of well-established beverage options that already attract a significant consumer base. These established beverages, which include coffee, carbonated drinks, and various types of tea, have firmly entrenched themselves in consumer habits and preferences. Among the tea categories, green and black teas have particularly gained recognition for their health benefits and diverse flavor profiles. As a result, consumers who are already accustomed to these beverages may exhibit reluctance to try new and unfamiliar tea, such as chrysanthemum tea. Moreover, leading beverage companies specializing in coffee and other popular varieties have successfully cultivated strong brand identities and fostered loyal customer bases over the years. These companies have made substantial investments in advertising, promotions, and extensive distribution networks, which have further strengthened their market position. Consequently, chrysanthemum tea, as a relatively lesser-known product, faces challenges to garner visibility and capture consumer attention. Thus, the growing demand for other established beverages hampers the growth of the chrysanthemum tea market.

On the contrary, exponential growth of online retail and e-commerce platforms has unlocked a myriad of opportunities for businesses operating in the premium and unique tea industry. The global reach facilitated by online platforms allows tea companies to transcend geographical limitations and target tea enthusiasts in various untapped markets across the world. The direct-to-consumer (D2C) model made possible by e-commerce empowers tea companies to directly sell their products to customers, which results in higher profit margins and greater control over branding and customer experience. Thus, surge in online retail and increase in penetration of e-commerce platforms are anticipated to present prosperous landscape for tea businesses to showcase their premium and distinctive products, establish connections with a broader customer base, and achieve substantial growth in the coming years.

The global chrysanthemum tea market is segmented into type, packaging, application, distribution channel, and region. On the basis of type, the market is segregated into chrysanthemum indicum and chrysanthemum morifolium. As per packaging, it is divided into loose tea, tea bags, and bottled/canned. According to application, the market is bifurcated into residential and commercial. Depending on distribution channel, it is categorized into online and offline. Region wise, it is analyzed across North America (the U. S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, Egypt, and rest of LAMEA).

The key players operating in the chrysanthemum tea market include 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, and Yeo Hiap Seng Ltd. According to the market players, the major obstacle attributed to the pandemic was the disruption of the supply chain and implementation of strict lockdown protocols, which resulted in delays in delivery in different parts of the world.

Companies Mentioned

  • Ten Ren Tea Inc.
  • Bravo Tea
  • The Chinese Tea Company
  • Onyx Coffee Lab
  • Asha Tea House
  • Teasenz
  • Grand Tea & Imports
  • Yeo Hiap Seng Ltd.
  • Yunnan Sourcing Tea Shop
  • Chymey Teas

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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