| Product Code: ETC380969 | Publication Date: Aug 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Philippines continues to see a high concentration of chrysanthemum extract imports from top countries such as Metropolitan France, USA, Germany, China, and Italy in 2024. Despite a negative compound annual growth rate (CAGR) of -5.49% from 2020 to 2024, there was a significant growth rate spike of 578.25% from 2023 to 2024. This indicates a potential shift or expansion in the market dynamics for chrysanthemum extract imports in the Philippines, presenting opportunities for market players to capitalize on this sudden surge in demand.

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.
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.
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.
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.
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.
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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