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Butterfly Pea Flowers Market by Type (Whole Dried Flowers, Powder, Extract), Application (Food Products, Beverages, Tea), Distribution Channel (Direct, Indirect), and Geography - Global Forecast to 2027

January 2021 | 111 pages | ID: B88586B53097EN
Meticulous Market Research Pvt. Ltd.

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Butterfly Pea Flowers Market by Type (Whole Dried Flowers, Powder, Extract), Application (Food Products, Beverages, Tea), Distribution Channel (Direct, Indirect), and Geography - Global Forecast to 2027

The research report titled “Butterfly Pea Flowers Market by Type (Whole Dried, Powder, Extract); Distribution Channel (Direct, Indirect); Application (Beverages, Tea, Food Products); and Geography -Global Forecast to 2027” provides an in-depth analysis of the butterfly pea flowers market across the globe emphasizing on the current market trends, market size, recent developments, and providing the forecast till 2027. The butterfly pea flowers market is expected to grow at a CAGR of 5.5% from 2020 to 2027 to reach USD 102.4 million by 2027.

Succeeding extensive secondary and primary research and an in-depth analysis of the market scenario, the report conducts the impact analysis of the key industry drivers, restraints, opportunities, and challenges. This market is characterized by more diversified operations, which offer shelf-stable and healthy products, mainly due to the growing use of butterfly pea flower products as natural food colors, increasing demand for healthy tea alternatives, and a wide range of butterfly pea flower benefits. Increased research for new raw material sources provides significant opportunities for manufacturers in the butterfly pea flowers market. However, changing government regulations is expected to restrain the future growth of this market marginally.

Based on type, the sterilized powder segment is estimated to grow at the highest CAGR during the forecast period. This can be attributed to its wide availability and ease of handling, transportation, and storage.

Based on distribution channel, the indirect/B2C segment is expected to dominate the butterfly pea flowers market during the forecast period of 2020-2027. The dominant position of this segment is mainly attributed to the traditional consumption of flowers and well-established commercial farming for these flowers in the region, especially in Thailand. Increased online shopping and social media use further support the growth of this segment.

Based on application, the beverages segment is expected to witness the fastest growth during the forecast period. The rapid growth of this segment is mainly attributed to the growing consumer interest in traditional beverages, specifically in regional cultures, greater nutritional value, increasing per capita spending on beverages, the expanding retail sector, and increased use of butterfly pea flowers as a raw material for producing multiple color options for beverages.

An in-depth geographic analysis of the industry provides detailed qualitative and quantitative insights about the five geographic regions (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The Asia-Pacific region is expected to dominate the butterfly pea flowers market with the fastest CAGR during the forecast period. The large share of this region can be attributed to the presence of a large number of butterfly pea flower farmers and a well-established commercial farming market for butterfly pea flowers, especially in Thailand. Also, the growing application areas of butterfly pea flowers, increasing awareness about the health benefits of butterfly pea flowers, strong food and beverage manufacturing base, and the emerging trend of healthy food and food ingredients further support the growth of this region.

The key players operating in the butterfly pea flowers market are TSUJIKO Co., Ltd., Siam Industries International, Siam Hibiscus Limited, Arisun ChemPharm Co, Ltd., EverforEver BioTech, Paraman Food Works, Shaanxi Hongda Phytochemistry Co., Ltd., Specialty Natural Product Co., Ltd., Woodland Foods, My Blue Tea, Wild Hibiscus Flower Co., and Yumchaa, among others.

Key Questions Answered in the Report
  • What is the current value of revenue generated by the butterfly pea flowers market?
  • At what rate is the demand for the butterfly pea flowers market is projected to grow over the next 5-7 years?
  • What is the historical market size and growth rate for the butterfly pea flowers market?
  • What are the major factors impacting the growth of this market at the regional and country levels?
  • What are the major opportunities for existing players and new entrants in the market?
  • What impact does the current COVID-19 pandemic have on the butterfly pea flowers market?
  • Which segments in terms of the type, distribution channel, and application create major traction for the vendors in this market?
  • What are the key geographical trends in this market? Which countries are expected to offer significant growth opportunities for the vendors operating in the butterfly pea flowers market?
  • Who are the major players in the butterfly pea flowers market? What are their specific product offerings in this market space?
Scope of the Report:

Butterfly Pea Flowers Market, by Type
  • Whole Dried Flowers
  • Sterilized Powder
  • Extract
Butterfly Pea Flowers Market, by Distribution channel
  • Direct/B2B
  • Indirect/B2C
Butterfly Pea Flowers Market, by Application
  • Beverages
    • Tea
    • Other Beverages
  • Food Products
  • Other Applications
Butterfly Pea Flowers Market, by Geography
  • Asia-Pacific (APAC)
    • China
    • India
    • Thailand
    • Malaysia
    • Japan
    • RoAPAC
  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Spain
    • RoE
  • Latin America
  • Middle East and Africa
1. INTRODUCTION

1.1. Market Ecosystem
1.2. Currency
1.3. Key Stakeholders

2. RESEARCH METHODOLOGY

2.1. Research Process
2.2. Data Collection & Validation
  2.2.1. Secondary Research
  2.2.2. Primary Research
2.3. Market Assessment
  2.3.1. Market Size Estimation
    2.3.1.1. Bottom-Up Approach
    2.3.1.2. Top-Down Approach
    2.3.1.3. Growth Forecast
2.4. Assumptions for the Study
2.5. Limitations for the Study

3. EXECUTIVE SUMMARY

3.1. Introduction
3.2. Segment Analysis
  3.2.1. Type Segment Analysis
  3.2.2. Distribution Channel Segment Analysis
  3.2.3. Application Segment Analysis
3.3. Regional Analysis
3.4. Key Players

4. MARKET INSIGHTS

4.1. Introduction
4.2. Drivers
  4.2.1. Growing Demand for Natural Food Colors
  4.2.2. Increasing Demand for Healthy Tea Alternatives
  4.2.3. Growing R&D Activities in the Food & Beverage Industry
4.3. Restraints
  4.3.1. Dynamic Government Regulations
4.4. Opportunities
  4.4.1. Increased Research for New Raw Material Sources
4.5. Trends
  4.5.1. Increasing Awareness Regarding Clean-Label Products
4.6. The Impact of Covid-19 on the Butterfly Pea Flowers Market

5. GLOBAL BUTTERFLY PEA FLOWERS MARKET, BY TYPE

5.1. Introduction
5.2. Whole Dried Flowers
5.3. Sterilized Powder
5.4. Extracts

6. GLOBAL BUTTERFLY PEA FLOWERS MARKET, BY DISTRIBUTION CHANNEL

6.1. Introduction
6.2. Direct Channel/Business-to-Business (B2B)
6.3. Indirect Channel/Business to Consumer (B2C)

7. GLOBAL BUTTERFLY PEA FLOWERS MARKET, BY APPLICATION

7.1. Introduction
7.2. Beverages
  7.2.1. Tea
  7.2.2. Other Beverages
7.3. Food Products
7.4. Other Applications

8. BUTTERFLY PEA FLOWERS MARKET, BY GEOGRAPHY

8.1. Introduction
8.2. Asia-Pacific
  8.2.1. China
  8.2.2. India
  8.2.3. Thailand
  8.2.4. Malaysia
  8.2.5. Japan
  8.2.6. Rest of Asia-Pacific (RoAPAC)
8.3. North America
  8.3.1. U.S.
  8.3.2. Canada
8.4. Europe
  8.4.1. Germany
  8.4.2. France
  8.4.3. U.K.
  8.4.4. Italy
  8.4.5. Spain
  8.4.6. Rest of Europe (RoE)
8.5. Latin America
8.6. Middle East and Africa

9. COMPANY PROFILES

9.1. Tsujiko Co., Ltd.
9.2. Siam Industries International
9.3. Siam Hibiscus Limited
9.4. Arisun ChemPharm Co., Ltd.
9.5. EverforEver Biotech
9.6. Paraman Food Works
9.7. Shaanxi Hongda Phytochemistry Co., Ltd.
9.8. Specialty Natural Products Co., Ltd.
9.9. Woodland Foods
9.10. My Blue Tea
9.11. Wild Hibiscus Flower, Co.
9.12. Yumchaa

10. APPENDIX

10.1. Questionnaire

LIST OF TABLES

Table 1 Global Butterfly Pea Flowers Market Drivers: Impact Analysis (2020–2027)
Table 2 Global Butterfly Pea Flowers Market Restraints: Impact Analysis (2020–2027)
Table 3 Global Butterfly Pea Flowers Market Size, by Type, 2018-2027 (USD Million)
Table 4 Global Whole Dried Butterfly Pea Flowers Market Size, by Country/Region, 2018-2027 (USD Million)
Table 5 Global Butterfly Pea Flower Sterilized Powder Market Size, by Country/Region, 2018-2027 (USD Million)
Table 6 Global Butterfly Pea Flower Extracts Market Size, by Country/Region, 2018-2027 (USD Million)
Table 7 Global Butterfly Pea Flowers Market Size, by Distribution Channel, 2018-2027 (USD Million)
Table 8 Global Butterfly Pea Flowers Market Size for the Direct Distribution Channel, by Country/Region, 2018-2027 (USD Million)
Table 9 Global Butterfly Pea Flowers Market Size for the Indirect Distribution Channel, by Country/Region, 2018-2027 (USD Million)
Table 10 Global Butterfly Pea Flowers Market Size, by Application, 2018-2027 (USD Million)
Table 11 Global Butterfly Pea Flowers Market Size for Beverages, by Type, 2018-2027 (USD Million)
Table 12 Global Butterfly Pea Flowers Market Size for Beverages, by Country/Region, 2018-2027 (USD Million)
Table 13 Global Butterfly Pea Flowers Market Size for Tea, by Country/Region, 2018-2027 (USD Million)
Table 14 Global Butterfly Pea Flowers Market Size for Other Beverages, By Country/Region, 2018-2027 (USD Million)
Table 15 Global Butterfly Pea Flowers Market Size for Food Products, by Country/Region, 2018-2027 (USD Million)
Table 16 Global Butterfly Pea Flowers Market Size for Other Applications, By Country/Region, 2018-2027 (USD Million)
Table 17 Global Butterfly Pea Flowers Market Size, by Country/Region, 2018-2027 (USD Million)
Table 18 Asia-Pacific: Butterfly Pea Flowers Market Size, by Country, 2018-2027 (USD Million)
Table 19 Asia-Pacific: Butterfly Pea Flowers Market Size, by Type, 2018-2027 (USD Million)
Table 20 Asia-Pacific: Butterfly Pea Flowers Market Size, by Distribution Channel, 2018-2027 (USD Million)
Table 21 Asia-Pacific: Butterfly Pea Flowers Market Size, by Application, 2018-2027 (USD Million)
Table 22 Asia-Pacific: Butterfly Pea Flowers Market Size for Beverages, by Type, 2018-2027 (USD Million)
Table 23 China: Butterfly Pea Flowers Market Size, by Type, 2018-2027 (USD Million)
Table 24 China: Butterfly Pea Flowers Market Size, by Distribution Channel, 2018-2027 (USD Million)
Table 25 China: Butterfly Pea Flowers Market Size, by Application, 2018-2027 (USD Million)
Table 26 China: Butterfly Pea Flowers Market Size for Beverages, by Type, 2018-2027 (USD Million)
Table 27 India: Butterfly Pea Flowers Market Size, by Type, 2018-2027 (USD Million)
Table 28 India: Butterfly Pea Flowers Market Size, by Distribution Channel, 2018-2027 (USD Million)
Table 29 India: Butterfly Pea Flowers Market Size, by Application, 2018-2027 (USD Million)
Table 30 India: Butterfly Pea Flowers Market Size for Beverages, by Type, 2018-2027(USD Million)
Table 31 Thailand: Butterfly Pea Flowers Market Size, by Type, 2018-2027 (USD Million)
Table 32 Thailand: Butterfly Pea Flowers Market Size, by Distribution Channel, 2018-2027 (USD Million)
Table 33 Thailand: Butterfly Pea Flowers Market Size, by Application, 2018-2027 (USD Million)
Table 34 Thailand: Butterfly Pea Flowers Market Size for Beverages, by Type, 2018-2027 (USD Million)
Table 35 Malaysia: Butterfly Pea Flowers Market Size, by Type, 2018-2027 (USD Million)
Table 36 Malaysia: Butterfly Pea Flowers Market Size, by Distribution Channel, 2018-2027 (USD Million)
Table 37 Malaysia: Butterfly Pea Flowers Market Size, by Application, 2018-2027 (USD Million)
Table 38 Malaysia: Butterfly Pea Flowers Market Size for Beverages, by Type, 2018-2027 (USD Million)
Table 39 Japan: Butterfly Pea Flowers Market Size, by Type, 2018-2027 (USD Million)
Table 40 Japan: Butterfly Pea Flowers Market Size, by Distribution Channel, 2018-2027 (USD Million)
Table 41 Japan: Butterfly Pea Flowers Market Size, by Application, 2018-2027 (USD Million)
Table 42 Japan: Butterfly Pea Flowers Market Size for Beverages, by Type, 2018-2027 (USD Million)
Table 43 RoAPAC: Butterfly Pea Flowers Market Size, by Type, 2018-2027 (USD Million)
Table 44 RoAPAC: Butterfly Pea Flowers Market Size, by Distribution Channel, 2018-2027 (USD Million)
Table 45 RoAPAC: Butterfly Pea Flowers Market Size, by Application, 2018-2027 (USD Million)
Table 46 RoAPAC: Butterfly Pea Flowers Market Size for Beverages, by Type, 2018-2027 (USD Million)
Table 47 North America: Butterfly Pea Flowers Market Size, by Country, 2018-2027 (USD Million)
Table 48 North America: Butterfly Pea Flowers Market Size, by Type, 2018-2027 (USD Million)
Table 49 North America: Butterfly Pea Flowers Market Size, by Distribution Channel, 2018-2027 (USD Million)
Table 50 North America: Butterfly Pea Flowers Market Size, by Application, 2018-2027 (USD Million)
Table 51 North America: Butterfly Pea Flowers Market Size for Beverages, by Type, 2018-2027 (USD Million)
Table 52 U.S.: Butterfly Pea Flowers Market Size, by Type, 2018-2027 (USD Million)
Table 53 U.S.: Butterfly Pea Flowers Market Size, by Distribution Channel, 2018-2027 (USD Million)
Table 54 U.S.: Butterfly Pea Flowers Market Size, by Application, 2018-2027 (USD Million)
Table 55 U.S.: Butterfly Pea Flowers Market Size for Beverages, by Type, 2018-2027 (USD Million)
Table 56 Canada: Butterfly Pea Flowers Market Size, by Type, 2018-2027 (USD Million)
Table 57 Canada: Butterfly Pea Flowers Market Size, by Distribution Channel, 2018-2027 (USD Million)
Table 58 Canada: Butterfly Pea Flowers Market Size, by Application, 2018-2027 (USD Million)
Table 59 Canada: Butterfly Pea Flowers Market Size for Beverages, by Type, 2018-2027 (USD Million)
Table 60 Europe: Butterfly Pea Flowers Market Size, by Country, 2018-2027 (USD Million)
Table 61 Europe: Butterfly Pea Flowers Market Size, by Type, 2018-2027 (USD Million)
Table 62 Europe: Butterfly Pea Flowers Market Size, by Distribution Channel, 2018-2027 (USD Million)
Table 63 Europe: Butterfly Pea Flowers Market Size, by Application, 2018-2027 (USD Million)
Table 64 Europe: Butterfly Pea Flowers Market Size for Beverages, by Type, 2018-2027 (USD Million)
Table 65 Germany: Butterfly Pea Flowers Market Size, by Type, 2018-2027 (USD Million)
Table 66 Germany: Butterfly Pea Flowers Market Size, by Distribution Channel, 2018-2027 (USD Million)
Table 67 Germany: Butterfly Pea Flowers Market Size, by Application, 2018-2027 (USD Million)
Table 68 Germany: Butterfly Pea Flowers Market Size for Beverages, by Type, 2018-2027 (USD Million)
Table 69 France: Butterfly Pea Flowers Market Size, by Type, 2018-2027 (USD Million)
Table 70 France: Butterfly Pea Flowers Market Size, by Distribution Channel, 2018-2027 (USD Million)
Table 71 France: Butterfly Pea Flowers Market Size, by Application, 2018-2027 (USD Million)
Table 72 France: Butterfly Pea Flowers Market Size for Beverages, by Type, 2018-2027 (USD Million)
Table 73 U.K.: Butterfly Pea Flowers Market Size, by Type, 2018-2027 (USD Million)
Table 74 U.K: Butterfly Pea Flowers Market Size, by Distribution Channel, 2018-2027(USD Million)
Table 75 U.K: Butterfly Pea Flowers Market Size, by Application, 2018-2027 (USD Million)
Table 76 U.K: Butterfly Pea Flowers Market Size for Beverages, by Type, 2018-2027(USD Million)
Table 77 Italy: Butterfly Pea Flowers Market Size, by Type, 2018-2027 (USD Million)
Table 78 Italy: Butterfly Pea Flowers Market Size, by Distribution Channel, 2018-2027 (USD Million)
Table 79 Italy: Butterfly Pea Flowers Market Size, by Application, 2018-2027 (USD Million)
Table 80 Italy: Butterfly Pea Flowers Market Size for Beverages, by Type, 2018-2027 (USD Million)
Table 81 Spain: Butterfly Pea Flowers Market Size, by Type, 2018-2027 (USD Million)
Table 82 Spain: Butterfly Pea Flowers Market Size, by Distribution Channel, 2018-2027 (USD Million)
Table 83 Spain: Butterfly Pea Flowers Market Size, by Application, 2018-2027 (USD Million)
Table 84 Spain: Butterfly Pea Flowers Market Size for Beverages, by Type, 2018-2027 (USD Million)
Table 85 Rest of Europe: Butterfly Pea Flowers Market Size, by Type, 2018-2027(USD Million)
Table 86 Rest of Europe: Butterfly Pea Flowers Market Size, by Distribution Channel, 2018-2027 (USD Million)
Table 87 Rest of Europe: Butterfly Pea Flowers Market Size, by Application, 2018-2027 (USD Million)
Table 88 Rest of Europe: Butterfly Pea Flowers Market Size for Beverages, by Type, 2018-2027 (USD Million)
Table 89 Latin America: Butterfly Pea Flowers Market Size, by Type, 2018-2027 (USD Million)
Table 90 Latin America: Butterfly Pea Flowers Market Size, by Distribution Channel, 2018-2027 (USD Million)
Table 91 Latin America: Butterfly Pea Flowers Market Size, by Application, 2018-2027 (USD Million)
Table 92 Latin America: Butterfly Pea Flowers Market Size for Beverages, by Type, 2018-2027 (USD Million)
Table 93 Middle East and Africa: Butterfly Pea Flowers Market Size, by Type, 2018-2027 (USD Million)
Table 94 Middle East and Africa: Butterfly Pea Flowers Market Size, by Distribution Channel, 2018-2027 (USD Million)
Table 95 Middle East and Africa: Butterfly Pea Flowers Market Size, by Application, 2018-2027 (USD Million)
Table 96 Middle East and Africa: Butterfly Pea Flowers Market Size for Beverages, by Type, 2018-2027 (USD Million)

LIST OF FIGURES

Figure 1 Market Ecosystem
Figure 2 Research Process
Figure 3 Key Secondary Sources
Figure 4 Primary Research Techniques
Figure 5 Key Executives Interviewed
Figure 6 Breakdown of Primary Interviews (Supply-Side & Demand-Side)
Figure 7 Market Size Estimation
Figure 8 Sterilized Powder Segment to Dominate the Global Butterfly Pea Flowers Market in 2020
Figure 9 Indirect / B2C Segment to Dominate the Global Butterfly Pea Flowers Market In 2020
Figure 10 Beverages Segment to Dominate the Market During the Forecast Period
Figure 11 APAC: A Lucrative and Growing Market for Global Stakeholders
Figure 12 Market Dynamics
Figure 13 Global Butterfly Pea Flowers Market Size, by Type, 2020-2027, (USD Million)
Figure 14 Global Butterfly Pea Flowers Market Size, by Distribution Channel, 2020-2027 (USD Million)
Figure 15 Direct Channel for Butterfly Pea Flower Distribution
Figure 16 Consumer/Indirect Channel of Distribution for Butterfly Pea Flowers
Figure 17 Global Butterfly Pea Flowers Market Size, by Application, 2020-2027 (USD Million)
Figure 18 Global Butterfly Pea Flowers Market Size, by Region, 2020-2027 (USD Million)


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