philippines chrysanthemum extract market Synopsis
The chrysanthemum extract market size in the Philippines was estimated at USD 12 million as of 2025 and is projected to grow at a Compound Annual Growth Rate (CAGR) of 4. 2% during the forecast period due to its various medicinal properties including anti-inflammatory effects and antimicrobial activities which make it a popular choice among natural remedies used around Asia Pacific countries including China & Japan. Additionally Chrysanthemum extract contains compounds such as flavonoids which can boost immunity functioning thus making it an ideal supplement amongst health conscious consumers looking for alternative ways to manage their health without resorting anything artificial or chemically based options like medicines.
Drivers of the Market
The Philippines chrysanthemum extract market is being driven by the growing interest in natural remedies and traditional medicine. Chrysanthemum extract is believed to offer various health benefits, including stress relief and immune system support. As consumers seek alternatives to synthetic supplements, the demand for chrysanthemum extract has risen. Moreover, its use in cosmetics and skincare products has also fueled its market growth.
Challenges of the Market
The Philippines chrysanthemum extract market shows promise due to the increasing interest in herbal remedies and natural health products. However, a lack of standardized regulations for herbal supplements can pose challenges related to quality control and safety. Building consumer trust in the efficacy and authenticity of chrysanthemum extract products is another obstacle that market players need to address.
COVID-19 Impact on the Market
The Philippines chrysanthemum extract market experienced mixed effects from the pandemic. On one hand, disruptions in the supply chain, labor shortages, and reduced international trade affected the production and export of chrysanthemum extract. On the other hand, the increased focus on health and wellness during the pandemic led to a growing interest in natural remedies, potentially boosting the demand for chrysanthemum extract products known for their purported health benefits. Local consumption patterns shifted as traditional retail channels faced limitations, prompting a surge in online sales and distribution.
Key Players in the Market
Chrysanthemum extract is often used for its potential health benefits, including anti-inflammatory and antioxidant properties. It`s commonly consumed as a tea and used in traditional medicine. Key players in this market could include Mega Global Corporation, Herbanext Laboratories, Inc., and Herbcare Corporation.
Key Highlights of the Report:
- Philippines Chrysanthemum Extract Market Outlook
- Market Size of Philippines Chrysanthemum Extract Market, 2024
- Forecast of Philippines Chrysanthemum Extract Market, 2031
- Historical Data and Forecast of Philippines Chrysanthemum Extract Revenues & Volume for the Period 2021-2031
- Philippines Chrysanthemum Extract Market Trend Evolution
- Philippines Chrysanthemum Extract Market Drivers and Challenges
- Philippines Chrysanthemum Extract Price Trends
- Philippines Chrysanthemum Extract Porter's Five Forces
- Philippines Chrysanthemum Extract Industry Life Cycle
- Historical Data and Forecast of Philippines Chrysanthemum Extract Market Revenues & Volume By Form for the Period 2021-2031
- Historical Data and Forecast of Philippines Chrysanthemum Extract Market Revenues & Volume By Powder for the Period 2021-2031
- Historical Data and Forecast of Philippines Chrysanthemum Extract Market Revenues & Volume By Liquid for the Period 2021-2031
- Historical Data and Forecast of Philippines Chrysanthemum Extract Market Revenues & Volume By Oil for the Period 2021-2031
- Historical Data and Forecast of Philippines Chrysanthemum Extract Market Revenues & Volume By Nature for the Period 2021-2031
- Historical Data and Forecast of Philippines Chrysanthemum Extract Market Revenues & Volume By Organic for the Period 2021-2031
- Historical Data and Forecast of Philippines Chrysanthemum Extract Market Revenues & Volume By Conventional for the Period 2021-2031
- Historical Data and Forecast of Philippines Chrysanthemum Extract Market Revenues & Volume By End Users for the Period 2021-2031
- Historical Data and Forecast of Philippines Chrysanthemum Extract Market Revenues & Volume By Food & Beverages for the Period 2021-2031
- Historical Data and Forecast of Philippines Chrysanthemum Extract Market Revenues & Volume By Cosmetics for the Period 2021-2031
- Historical Data and Forecast of Philippines Chrysanthemum Extract Market Revenues & Volume By Personal Care for the Period 2021-2031
- Historical Data and Forecast of Philippines Chrysanthemum Extract Market Revenues & Volume By Dietary Supplements & Sports Nutrition for the Period 2021-2031
- Historical Data and Forecast of Philippines Chrysanthemum Extract Market Revenues & Volume By Functional Foods for the Period 2021-2031
- Historical Data and Forecast of Philippines Chrysanthemum Extract Market Revenues & Volume By Pharmaceutical for the Period 2021-2031
- Philippines Chrysanthemum Extract Import Export Trade Statistics
- Market Opportunity Assessment By Form
- Market Opportunity Assessment By Nature
- Market Opportunity Assessment By End Users
- Philippines Chrysanthemum Extract Top Companies Market Share
- Philippines Chrysanthemum Extract Competitive Benchmarking By Technical and Operational Parameters
- Philippines Chrysanthemum Extract Company Profiles
- Philippines Chrysanthemum Extract Key Strategic Recommendations
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