Butterfly Pea Flower Tea Market - Global Industry Analysis, Growth, Key Trends, Regional Assessment and Forecast 2021-2031
Butterfly Pea Flower Tea Market: Insights
Butterfly pea flower tea is also referred to as ‘blue tea’ rich in flavonoids and antioxidants which contain zero caffeine. This flower has anti-aging properties and improves human metabolism. Further, it offers appealing colors for food and beverages. Butterfly pea flower tea is getting popular as a healthy alternative for tea. The butterfly pea flower tea market is likely to provide massive opportunities during the forecast period of 2021-2031.
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The in-depth analysis conducted by analysts at TMR provides an extensive report about the current market scenario. It enlightens the stakeholders with the market trends, industry drivers, constraints, opportunities, and challenges in the butterfly pea flower tea market. Key parameters on which the butterfly pea flower tea market is analyzed are component, deployment type, application, industry, and region. This report is an important aspect for insights into the butterfly pea flower tea market during the forecast period of 2021-2031. The impact of COVID-19, in particular, is also covered in this report.
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Butterfly Pea Flower Tea Market: Key Trends
Over the past few years, herbal tea has gained popularity due to its health benefits. Butterfly pea flower tea, a natural form of nutritious drink as a substitute for tea. Additionally, it improves metabolism and is caffeine-free. Owing to its aesthetic value and nutritional profile, the butterfly pea flower tea market is expected to gain traction in the coming years. It has been observed that the key consumers of the butterfly pea flower tea will be baby boomers and millennials. So the players may focus on these groups to acquire the targeted market share. The butterfly pea flower tea market can be segmented into organic and conventional segments based on the source. The consumer preference towards easy-to-use packaging forms is increasing. Hence, based on form, the butterfly pea flower tea can be segmented into Ready- to- brew, Sachets/bags, Ready-to-drink, and Premixes.
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The distribution channel will include direct and indirect channels, which may be further classified into hypermarket/supermarket, departmental stores, convenience stores, food & drink specialty stores, independent small groceries, online retail, and others. This targeted market approach is likely to provide massive growth opportunities to the players in the butterfly pea flower tea market.
Due to the outbreak of the COVID-19 pandemic across the world, people are getting aware of their health. Further, the butterfly pea flower tea acts as a stress buster and hence has gained popularity. Many celebrities have posted their photos while drinking butterfly pea flower tea on social platforms, explaining the benefits of butterfly pea flower tea which has inclined the preference of the consumers towards the consumption of the butterfly pea flower tea. As a result of this, the online purchase of the butterfly pea flower tea is increasing which may prove to be a growth booster for the butterfly pea flower tea market.
Butterfly Pea Flower Tea Market: Regional Prospects
North America and Europe are expected to experience good growth. The trendy butterfly pea flower tea is used in traditional Chinese Ayurvedic medicines and is popular as a brain booster, and calming agent in South East Asian countries. Thus, the increase in traditional consumption of butterfly pea flower tea may open lucrative avenues in the Asia Pacific. Further, the growing trend of consumption of healthy food may boost the growth of the butterfly pea flower tea market in Latin America. However, the retail sector in the Middle East and South Africa region seems to be unorganized.
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Butterfly Pea Flower Tea Market: Competitive Insights
Multinational companies from developed nations are focusing on research and development activities. Such activities are paving the way for market players. Further, these players are throwing their weight on inorganic strategies for consolidating their positions in the butterfly pea flower tea market. They are engaged in the research and development of new formulations for improving the flavor and nutritional value of butterfly pea flower tea. Starbucks launched a special range based on the butterfly pea flower tea in the cold brew beverage section in Asia. Also, Seven Tea One launched their first butterfly pea flower tea commercial product in South Asia. All these aspects may boost the growth of the global butterfly pea flower tea market.
Some of the key players operating in the butterfly pea flower tea are Woodland Foods, Morning Farm, Yumchaa, Siam Industries International, Longevity Warehouse, and Tea Forte.Interested in this report?
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