Yerba Mate Market experiences notable expansion as a result of growing demand for natural energy boosters and increased health consciousness. Global public knowledge of its health benefits is growing, as are innovative product releases and expanding distribution channels, all of which are driving the market. The beverage is quite well-liked as a coffee substitute due to its antioxidant properties and appeal to consumers who are health-conscious worldwide.
According to Future Market Insights (FMI), yerba mate sales are expected to reach US$ 2,186.8 million globally in 2023. Between 2023 and 2033, the demand for yerba mate is expected to grow at a 5.7% CAGR. By 2033, the yerba mate market is projected to be worth US$3,797.0 million worldwide.
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One of the main factors propelling the global yerba mate market is the increasing awareness of the health benefits of the yerba mate plant. In a similar vein, growing interest in nutritious drinks would encourage the use of yerba mate. Around the world, yerba mate is becoming more and more well-liked as a healthful substitute for tea, coffee, and other beverages. This is because of all of its health advantages.
Yerba mate is rich in antioxidants, caffeine, and other essential nutrients. It enhances physical performance, improves immunity, lowers the risk of heart disease, and supports digestion. Yerba mate is used in a wide range of businesses, including the food and beverage, pharmaceutical, and dietary supplement industries, as a result of these benefits. In turn, this is helping the yerba mate market grow significantly.
The use of yerba mate in various herbal formulae to treat a wide range of health conditions is expanding in the United States, Europe, and India. Rising yerba mate consumption will increase these goods’ revenues through 2033.
Similar to this, increasing yerba mate powder use in the personal care and cosmetics industries will increase demand. The production of soaps, shampoos, conditioners, deodorants, and other products uses this unusual ingredient.
Key Takeaways from the Yerba Mate Market Report:
- Global yerba mate sales are likely to surge at 5.7% CAGR during the forecast period.
- By form, loose leaf segment will increase by roughly 1.8x over the forecast period, reaching a valuation of US$ 292.3 million.
- Latin America is set to hold a prominent market share of 74.3% in 2023.
- Herbalist shops and health food stores will together hold a market valuation of US$ 623.4 million in 2023
- The USA yerba mate market is forecast to expand at 6.7% CAGR over the next ten years.
- Argentina yerba mate industry will cross a valuation of US$ 1,563.3 million by 2033.
“Growing awareness about the benefits of yerba mate globally will elevate demand in the market. Further, inclination towards consuming healthy beverages will boost yerba mate sales.” Says a lead analyst at Future Market Insights, Inc.
Who is Winning?
Cooperativa Agrícola de la Colonia Liebig Ltda, HREÑUK S.A., Establecimiento Las Marías, HerboFlora, Molinos Río de la Plata SA, Kraus, La Cachuera SA, Santo Pipo SCL, ECOTEAS Organic Yerba Mate, Guayaki Sustainable Rainforest Products Inc., and others are the key players in yerba mate market report.
New product launches, increasing production capacities, and forming alliances and partnerships are key strategies adopted by companies to gain a competitive edge in the market.
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Future Market Insights, in its new offering, provides an unbiased analysis of the yerba mate market presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.
The study offers compelling insights into the yerba mate market based on form (loose leaf, powder, extracts, concentrates) and sales channel (business-to-business, business-to-consumer) across several regions.
Yerba Mate Market Segmentation
By Form:
- Loose Leaf
- Powder
- Extracts
- Concentrates
By Sales Channel:
- Business-to-Business
- Beverage Processing
- Dietary Supplement
- Cosmetic and Personal Care
- Pharmaceutical
- Business-to-Consumer
- Hypermarkets/Supermarkets
- Herbalist Shops
- Health Food Stores
- Online Retail
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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