According to the latest market study by MarkNtel Advisors titled “Global Butterfly Pea Flowers Market Size, Share, Trends, Growth, Opportunity Analysis 2023-2028” presents a thorough examination of market drivers, opportunities and challenges.

Utilizing a quantitative approach, it offers precise insights into market size, share, and growth. Crafted by industry experts, the report delves into consumption patterns, geographical analysis, and competitive landscapes. Its objective is to furnish valuable insights for clients seeking to comprehend and leverage market dynamics. With a dual focus on historical achievements and future projections, it furnishes a nuanced understanding of the market terrain.

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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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.

This report focuses on major market participants like:

• Curio Spice
• Rishi Tea
• Ohio Tea Company
• Incas by Asiya Life
• Woodland Foods
• My Blue Tea
• Wild Hibiscus Flower Co
• Yumchaa, Arison Tea Company
• Saathea
• EverforEver Biotech
• Others

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This segmentation analysis outlines prominent sections in the report's table of contents. Each segment undergoes thorough analysis, including sub-segments, to showcase both current and historical market sizes. The analysis underscores investment opportunities for rapid growth, particularly in the Butterfly Pea Flowers Market, with notable highlighting on:

-By Application

• Food
• Beverages
• Others (Medicines, Skincare, etc.)

The beverages segment has been one of the leading application in the Global Butterfly Pea Flowers Market & are poised to be the most prominent segment in the forthcoming years. This is owing to rising consumer interest in traditional beverages, primarily those from distinct regions, enriched nutritional value, expanding per-capita beverage spending, booming retail sector, and greater utilization of butterfly pea flowers as a raw material for producing multiple color options for beverages. Also, as they are tasteless & odorless, therefore they are considered the best choice for adding color or beauty to any of the beverages.

-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 Distribution Channel

• B2B - Market Size & Forecast 2018-2028, (USD Million)
• B2C- Market Size & Forecast 2018-2028, (USD Million)

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

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• Factors Driving Market Growth: Understand the primary drivers propelling the Butterfly Pea Flowers market forward.
• Access to Reliable Reports: Learn where to access dependable market reports for informed decision-making.
• Growth Projections: Gain insights into anticipated growth projections for the coming years.
• Geographical Hotspots: Identify geographical poised for significant market growth soon.

MarkNtel Advisors is a leading market research company, 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 14.8 diverse industrial verticals.

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