Yerba Mate Market 2023 Growth Drivers, Regional Outlook, Competitive Strategies and Forecast up to 2033

 

According to Future Market Insights (FMI), global yerba mate sales will total USD 2,186.8 million in 2023. Between 2023 and 2033, demand for yerba mate is set to rise at 5.7% CAGR. By 2033, the worldwide yerba mate market size will reach around USD 3,797.0 million.

Yerba mate, known for its high content of antioxidants, caffeine, and essential nutrients, offers numerous health benefits, including enhanced physical performance, immune support, reduced heart disease risk, and improved digestion. These advantages are spurring its use across the food and beverage, pharmaceutical, and dietary supplement industries, driving significant growth in the yerba mate market.

The growing popularity of yerba mate in herbal formulations across the U.S., Europe, and India for treating various health conditions is expected to further boost its consumption and sales through 2033.

Similarly, rising usage of yerba mate powder in cosmetics and personal care industry will elevate demand. This unique substance is used to manufacture soaps, shampoos, conditioners, deodorants, etc.

Explore the full report for expert analysis. https://www.futuremarketinsights.com/reports/yerba-mate-market

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.

Get More Valuable Insights

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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