PUBLISHER: 360iResearch | PRODUCT CODE: 1492555
PUBLISHER: 360iResearch | PRODUCT CODE: 1492555
[193 Pages Report] The Dried Chamomile Market size was estimated at USD 1.22 billion in 2023 and expected to reach USD 1.28 billion in 2024, at a CAGR 4.66% to reach USD 1.68 billion by 2030.
Dried chamomile are flowers of the chamomile plant that have been dehydrated for preservation and later use, primarily in teas and various health and wellness products. Chamomile is commonly recognized for its delicate, apple-like aroma and mild flavor. It is often used for its calming effects and potential health benefits, such as promoting better sleep and reducing inflammation. The global shift towards natural and herbal remedies significantly contributes to the demand for dried chamomile. As awareness of health, wellness, and natural dietary choices increases, more people turn to herbal products, including chamomile for their perceived safety profile and health benefits. The rising popularity of herbal teas, especially in Western countries, is driving the demand for chamomile tea, which is favored for its taste and soothing properties, making it a popular choice among consumers seeking relaxation and stress relief. Certain allergies and health concerns associated with dried chamomile hamper the market growth. The rising use of chamomile in gourmet cooking and the creation of beverages other than tea is expected to create opportunities for market growth. Its subtle flavor enhances desserts, salads, and even alcoholic drinks, adding a unique twist to traditional recipes.
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 1.22 billion |
Estimated Year [2024] | USD 1.28 billion |
Forecast Year [2030] | USD 1.68 billion |
CAGR (%) | 4.66% |
Regional Insights
In the Americas, there is a significant market for dried chamomile, driven mainly by increasing consumer awareness about the health benefits of chamomile, including its calming effects and usage in sleep aids and digestive health products. Additionally, the trend toward natural and organic wellness products has bolstered the demand for chamomile in the Americas. In South America, countries including, Brazil, Chile, and Argentina are gradually increasing their consumption of herbal teas, including chamomile. The APAC region shows diverse market dynamics in the dried chamomile sector. Countries such as China and India have traditionally used chamomile in various forms for medicinal purposes. The growing middle class, coupled with an increase in spending on health and wellness products, has led to a rise in demand for chamomile-based products in these countries. Moreover, the expanding presence of Western lifestyles and dietary habits encourages the adoption of such herbal products in the region. Europe is a strong market for dried chamomile, with a long history of herbal medicine use in countries including, Germany and the UK. The region's stringent health claims and product quality regulations uphold high standards in the chamomile market. In the Middle East and Africa, the market is emerging with growing interest in natural health products, which spurs demand for chamomile in the future.
Market Insights
The market dynamics represent an ever-changing landscape of the Dried Chamomile Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
FPNV Positioning Matrix
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Dried Chamomile Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Dried Chamomile Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments
Launch of Herbalistas' New Herbal Tea Range Targeting Modern Wellness Needs
Herbalistas, a new herbal tea brand introduced by the owner of Typhoo Tea, has unveiled a collection of five unique blends aimed at rejuvenating the modern consumer. Each blend incorporates a mix of plant adaptogens, nootropics, and amino acids, and includes various ranges one of which is 'Bedtime Bliss', a calming mix of chamomile and rosehip. [Published On: 2024-04-10]
Launch of Perfectyl Biofunctional, Ashland's Innovative Chamomile-Derived, Injection-Free Solution for Skin Perfection
Ashland has introduced Perfectyl Biofunctional, a cutting-edge biofunctional skin care product that leverages the natural calming properties of chamomile paired with advanced Zeta Fraction technology. This innovation, organically sourced from Oregon's mountainous regions, harnesses the power of GABA amino acids, predicted by AI to enhance GABAA expression ex vivo and enhance skin relaxation and correction. [Published On: 2023-12-04]
Herbalife Nutrition Introduces New Relaxation Tea with Herbal Ingredients in Vietnam
Herbalife Nutrition, a global health and wellness leader, has recently introduced its new product, the Health Supplement Relaxation Tea, to the Vietnamese market. This tea combines a calming herbal blend of lemon balm, chamomile, lavender, and passionflower, specifically designed to aid relaxation, help alleviate stress, and enhance sleep. [Published On: 2023-10-24]
Strategy Analysis & Recommendation
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Dried Chamomile Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Dried Chamomile Market, highlighting leading vendors and their innovative profiles. These include Aadhunik Ayurveda Vitals, All Herbscare, Alpine Herb Company Inc., Alpspure Lifesciences Pvt. Ltd., Aum Agri Freeze Foods, Bigelow Tea, Creative Enzymes, Dilmah Ceylon Tea Company PLC, Herbo Nutra Extract Private Limited, Jona Worldwide, ManHar Organics, Naturalin Bio-Resources Co , Ltd, Numi, Inc. P.B.C., Ono Teas, SacredPlantCo.com, Shangri La Tea Company, Starwest Botanical's, Stash Tea Company, Taru Naturals, Tata Consumer Products Ltd, The Hain Celestial Group, Inc., Vahdam Teas, Woodherbs Wellness Pvt Ltd, and Yogi by East West Tea Company, LLC..
Market Segmentation & Coverage