Yerba Mate Market 2024-2028
The yerba mate market is forecasted to grow by USD 333 mn during 2023-2028, accelerating at a CAGR of 4.5% during the forecast period. The report on the yerba mate market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing consumer awareness about health benefits of yerba mate, rising product launches, and rising popularity of yerba mates outside South America.
Technavio's yerba mate market is segmented as below:
- By Distribution Channel
- Offline
- Online
- By Geographical Landscape
- South America
- Middle East and Africa
- North America
- APAC
- Europe
This study identifies the increasing on-premise sales of yerba mate beverages in North America as one of the prime reasons driving the yerba mate market growth during the next few years. Also, growing emphasis on sustainable production practices and rising prominence of CBD as an ingredient in yerba mate will lead to sizable demand in the market.
The report on the yerba mate market covers the following areas:
- Yerba mate market sizing
- Yerba mate market forecast
- Yerba mate market industry analysis
The vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading yerba mate market vendors that include A. Holliday and Co. Inc., Aguantadora, ArtfulTea, Coco Tea Co., Fusion Teas, GEMYNO SAS, Guayaki, HRENUK SA, Kraus SA, LAS Marias Establishment, Liebig Colony Agricultural Cooperative, Monte Carlo Mixed Agricultural Cooperative Ltd., PepsiCo Inc., RDV Products, Tango Foods SA, The Coca Cola Co., Triunfo do Brasil Ltda., and Wisdom Natural Brands. Also, the yerba mate market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.