According to a new market research report titled “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 butterfly pea flowers market is expected to grow at a CAGR of 5.5% from 2020 to 2027 to reach $102.4 million by 2027.
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Butterfly pea flower, also known as Clitoria Ternatea, is a plant species that is native to subtropical regions and widely distributed across the globe. This flower is gaining popularity for its numerous health benefits and ability to impart bright and bold colors to food and beverages.
One of the primary reasons for the rising demand for butterfly pea flowers is its high antioxidant and flavonoid content. These compounds are essential for maintaining a healthy metabolism and protecting against free radical damage, which is responsible for various aging-related conditions.
Butterfly pea flower is also caffeine-free, making it an excellent alternative to traditional teas for those who want to avoid caffeine. The flower can also impart bold and appealing colors to food and beverages, making it an attractive ingredient for food and beverage operators.
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Moreover, the natural color-changing properties of butterfly pea flowers make them a popular ingredient in Southeast Asia, where they are widely used in herbal teas. When acidity is introduced, butterfly pea flowers change color from blue to purple, adding an element of fun and excitement to beverages.
The butterfly pea flowers market is expected to grow in the coming years, driven by factors such as the growing demand for natural food colors, increasing awareness of the benefits of butterfly pea flowers, and the rising popularity of healthy tea alternatives. However, regulatory restrictions may pose a challenge to the growth of this market.
The market for butterfly pea flowers is segmented by type, distribution channel, application, and geography. The study evaluates industry competitors and analyzes the market at the country level, presenting historical market data in terms of value (2018 and 2019), estimated current data (2020), and forecasts for 2027.
In conclusion, butterfly pea flowers are an excellent ingredient for those who want to add bold colors and health benefits to their food and beverages. As the demand for natural and healthy ingredients grows, the market for butterfly pea flowers is expected to continue to expand.
To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/butterfly-pea-flowers-market-5147/
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?
• What recent developments have taken place in the butterfly pea flowers market? What impact have these strategic developments created on the butterfly pea flowers market?
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