Global Chamomile Market, Trends & Growth Opportunity, By Form (Loose Leaves, Powder, Oil, Extract), By Product Type (Tea Powders/Teabags, Capsules, Essential Oils/Tinctures), By Application (Food & Beverages, Cosmetics, Healthcare & Pharmaceuticals), By Region and Forecast till 2030.
Report ID : IR1002294 | Industries : Food and Beverage | Published On :June 2024 | Page Count : 227
Global Chamomile Market, Trends & Growth Opportunity, By Form (Loose Leaves, Powder, Oil, Extract), By Product Type (Tea Powders/Teabags, Capsules, Essential Oils/Tinctures), By Application (Food & Beverages, Cosmetics, Healthcare & Pharmaceuticals), By Region and Forecast till 2030.
Global Chamomile Market
The Global Chamomile Market was valued at USD 1.41 Bn in 2022 and is expected to expand to USD 2.37 Bn by 2030 at a CAGR of 6.35% during the forecast period of 2023-2030.
Chamomiles, also spelled as “Camomiles”, are daisy-like plants that belong to the Asteraceae family. Regarded as the “star of medicinal species”, chamomiles are well-known for their health benefits, a major one being relaxation. Many around the world like to brew chamomile for a cup of herbal tea for better digestion and a good night’s sleep. Although it is popularly used for teas, chamomiles are extracted or powdered to be used as supplements or essential oils as an additional health supplement. It is also used for aromatherapy.
Market Drivers
The primary drivers of the chamomile market are the benefits of chamomile plants, as well as the consumer preference for consuming herbal products. Chamomile is known for several benefits such as relaxation, better sleep, and blood sugar regulation, among many other benefits. This is inducing health-conscious people to include chamomile in their lives, either as teas or supplements.
The increasing incidences of stress and lifestyle disorders across the world are also compelling people to look for natural ways of attaining relaxation and health. Chamomile has long been regarded for its stress-reducing properties, which is a key reason driving the market’s growth.
Market Restraints
The chamomile market can be restrained by the lack of awareness of the benefits of chamomile and the extent of chamomile products available in the market. Moreover, the availability of prescription medicines and other relaxants may prevent people from trying natural remedies for stress reduction. However, with the steady rise in consumer awareness, the chamomile market may not be severely hampered.
Market Segmentation
The global chamomile market is segmented by forms, such as loose leaves, powder, oil, and extract, as well as by product types, such as tea powders/teabags, capsules, and essential oils/tinctures. Further, the market is segmented based on applications, such as food & beverages, cosmetics, and healthcare & pharmaceuticals.
Regional Analysis
Europe is projected to lead the market share for chamomile during the forecast period. This is due to the pre-existing culture of brewing teas and the awareness of the benefits of consuming natural products and supplements. Several major market players in this region will underline the dominance of this region.
North America and Asia Pacific present lucrative opportunities for the growth of the chamomile market. The growing number of lifestyle disorders in these regions and the changing shift towards natural products present a promising opportunity to witness significant growth during the forecast period.
Key Players
Mountain Rose Herbs, Celestial Seasonings, Tata Consumer Product Limited, Kanta Group, NOW Health Group, Republic of Tea, Yogi, Mighty Leaf Tea, Vahdam, Ultra International BV, Unilever, Numi Inc, Dilmah Ceylon Tea Company PLC, Bigelow Tea, Associated British Foods PLC, Shangri-la Tea, Young Living, New Zealand Extracts Ltd, Martin Bauer Group.
Market Taxonomy
By Form
• Loose Leaves
• Powder
• Oil
• Extract
By Product Type
• Tea Powders/Teabags
• Capsules
• Essential Oils/Tinctures
By Application
• Food & Beverages
• Cosmetics
• Healthcare & Pharmaceuticals
By Region
• North America (USA, Canada, Mexico)
• Europe (Germany, France, UK, Rest of Europe)
• Asia Pacific (China, India, Japan, Rest of Asia Pacific)
• Latin America (Brazil, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa)
Global Chamomile Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Chamomile Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing Economic Downturn
4.2.6 Post Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Chamomile Market, By Form
5.1 Y-o-Y Growth Comparison, By Form
5.2 Global Chamomile Market Share Analysis, By Form
5.3 Global Chamomile Market Size and Forecast, By Form
5.3.1 Loose Leaves
5.3.2 Powder
5.3.3 Oil
5.3.4 Extract
6 Global Chamomile Market, By Product Type
6.1 Y-o-Y Growth Comparison, By Product Type
6.2 Global Chamomile Market Share Analysis, By Product Type
6.3 Global Chamomile Market Size and Forecast, By Product Type
6.3.1 Tea powders/Teabags
6.3.2 Capsules
6.3.3 Essential Oils/Tinctures
7 Global Chamomile Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Global Chamomile Market Share Analysis, By Application
7.3 Global Chamomile Market Size and Forecast, By Application
7.3.1 Food & Beverages
7.3.2 Cosmetics
7.3.3 Healthcare & Pharmaceuticals
8 Global Chamomile Market, By Region
8.1 Global Chamomile Market Share Analysis, By Region
8.2 Global Chamomile Market Size and Forecast, By Region
9 North America Chamomile Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America Chamomile Market Share Analysis, By Form
9.3 North America Chamomile Market Size and Forecast, By Product Type
9.4 North America Chamomile Market Size and Forecast, By Application
9.5 North America Chamomile Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Chamomile Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe Chamomile Market Share Analysis, By Form
10.3 Europe Chamomile Market Size and Forecast, By Product Type
10.4 Europe Chamomile Market Size and Forecast, By Application
10.5 Europe Chamomile Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4 Rest of Europe
11 Asia Pacific Chamomile Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific Chamomile Market Share Analysis, By Form
11.3 Asia Pacific Chamomile Market Size and Forecast, By Product Type
11.4 Asia Pacific Chamomile Market Size and Forecast, By Application
11.5 Asia Pacific Chamomile Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4 Rest of Asia
12 Latin America Chamomile Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America Chamomile Market Share Analysis, By Form
12.3 Latin America Chamomile Market Size and Forecast, By Product Type
12.4 Latin America Chamomile Market Size and Forecast, By Application
12.5 Latin America Chamomile Market Size and Forecast, By Country
12.5.1 Brazil
12.5.2 Rest of Latin America
13 Middle East Chamomile Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East Chamomile Market Share Analysis, By Form
13.3 Middle East Chamomile Market Size and Forecast, By Product Type
13.4 Middle East Chamomile Market Size and Forecast, By Application
13.5 Middle East Chamomile Market Size and Forecast, By Country
13.5.1 Saudi Arabia
13.5.2 UAE
13.5.3 Egypt
13.5.4 Kuwait
13.5.5 South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Mountain Rose Herbs
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Celestial Seasonings
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Tata Consumer Product Limited
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Kanta Group
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 NOW Health Group
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Republic of Tea
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Yogi
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Mighty Leaf Tea
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Vahdam
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Ultra International BV
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
15.11 Unilever
15.11.1 Overview
15.11.2 Offerings
15.11.3 Key Financials
15.11.4 Business Segment & Geographic Overview
15.11.5 Key Market Developments
15.11.6 Key Strategies
15.12 Numi Inc
15.12.1 Overview
15.12.2 Offerings
15.12.3 Key Financials
15.12.4 Business Segment & Geographic Overview
15.12.5 Key Market Developments
15.12.6 Key Strategies
15.13 Dilmah Ceylon Tea Company PLC
15.13.1 Overview
15.13.2 Offerings
15.13.3 Key Financials
15.13.4 Business Segment & Geographic Overview
15.13.5 Key Market Developments
15.13.6 Key Strategies
15.14 Bigelow Tea
15.14.1 Overview
15.14.2 Offerings
15.14.3 Key Financials
15.14.4 Business Segment & Geographic Overview
15.14.5 Key Market Developments
15.14.6 Key Strategies
15.15 Associated British Foods PLC
15.15.1 Overview
15.15.2 Offerings
15.15.3 Key Financials
15.15.4 Business Segment & Geographic Overview
15.15.5 Key Market Developments
15.15.6 Key Strategies
15.16 Shangri-la Tea
15.16.1 Overview
15.16.2 Offerings
15.16.3 Key Financials
15.16.4 Business Segment & Geographic Overview
15.16.5 Key Market Developments
15.16.6 Key Strategies
15.17 Young Living
15.17.1 Overview
15.17.2 Offerings
15.17.3 Key Financials
15.17.4 Business Segment & Geographic Overview
15.17.5 Key Market Developments
15.17.6 Key Strategies
15.18 New Zealand Extracts Ltd
15.18.1 Overview
15.18.2 Offerings
15.18.3 Key Financials
15.18.4 Business Segment & Geographic Overview
15.18.5 Key Market Developments
15.18.6 Key Strategies
15.19 Martin Bauer Group
15.19.1 Overview
15.19.2 Offerings
15.19.3 Key Financials
15.19.4 Business Segment & Geographic Overview
15.19.5 Key Market Developments
15.19.6 Key Strategies