Global Yerba Mate Ilex Paraguariensis Market Report 2024: Size, Drivers, And Top Segments
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The yerba mate market has witnessed robust growth, rising from $1.88 billion in 2023 to $1.99 billion in 2024, with a compound annual growth rate (CAGR) of 6.1%. This expansion is fueled by the popularity of healthy beverages, growth in natural foods, innovative processing, and sustainable agriculture practices. Looking forward, strong growth is expected, reaching $2.42 billion by 2028, with a CAGR of 5.0%. Drivers include health and wellness trends, demand for natural products, packaging innovations, quality control improvements, and consumer education. Trends include increased online sales, product safety focus, research and development, and industry collaborations.
The yerba mate market is poised for expansion driven by rising health consciousness among consumers. This heightened awareness of health risks and a desire for preventive healthcare influences individuals’ attitudes towards their physical and mental well-being. Yerba Mate, known for its antioxidant properties and potential health benefits, offers a natural approach to enhancing energy, mental clarity, and digestive health. For example, an online survey conducted by the International Food Information Council (IFIC) in April 2023 revealed that 52% of Americans followed a specific diet or eating pattern in the past year, indicating a significant increase from previous years. This trend is expected to continue rising in the coming years. Therefore, rising health consciousness fuels the growth of the yerba mate market.
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What Are The Key Trends That Influence Yerba Mate Ilex Paraguariensis Market Share Analysis?
Major companies in the yerba mate market are introducing innovative products like caffeinated RTD beverages to cater to diverse consumer preferences. Honest Tea, a US-based organic tea company, launched honest yerba mate in April 2021. This ready-to-drink beverage is brewed from yerba mate leaves and stems, offering three flavors: strawberry pomegranate matcha, peach mango green tea, and lemon ginger black tea. With 13 grams of sugar and 60 calories per 16-ounce can, it is USDA-certified organic and features fair trade-certified ingredients sourced from Brazil, providing a convenient and flavorful option for consumers seeking caffeinated beverages.
Which Market Players Are Driving Growth In The Yerba Mate Ilex Paraguariensis Market?
Major companies operating in the market areSelecta S.R.L., Molinos Río de la Plata S.A., Sol de Janeiro, Compañía Industrial Cervecera S.A. Amanda, Barão, ECOTEAS S.R.L., Wisdom Natural Brands LLC, Molinos Rosamonte S.A., La Bastilla S.A., Cooperativa Agrícola de la Colonia Liebig Ltda, Establecimiento Las Marías, Kraus Yerba Mate S.A., La Virginia, La Rubia Company Ltd., Aguaribay S.A., Taragüi, Union S.A., Kraus Organic Company Ltd., Cruz de Malta S.A., La Merced, Pajarito S.A.
How Is The Global Yerba Mate Ilex Paraguariensis Market Segmented?
The yerba mate (ilex paraguariensis) market covered in this report is segmented –
1) By Type: Argentinian Yerba Mate, Paraguayan Yerba Mate, Uruguayan Yerba Mate, Brazilian Yerba Mate, Other Types
2) By Form: Loose Leaf, Powder, Extracts, Concentrates
3) By Distribution Channel: Direct, Indirect
4) By Application: Food And Beverages, Confectionery, Bakery Products, Dairy Products, Functional Foods, Dressings, Sports Nutrition, Dairy Alternative, Dietary Supplements, Personal Care
Read The Full Yerba Mate Ilex Paraguariensis Market Report Here
The Yerba Mate Ilex Paraguariensis Global Market Report 2024 provides an overview of the yerba mate ilex paraguariensismarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The yerba mate ilex paraguariensis market forecast analyzes yerba mate ilex paraguariensis market size, yerba mate ilex paraguariensis market share, leading competitor and their market positions.
The Table Of Content For The Yerba Mate Ilex Paraguariensis Market Include
1. Yerba Mate Ilex Paraguariensis Market Executive Summary
2. Yerba Mate Ilex Paraguariensis Market Segments
3. Yerba Mate Ilex Paraguariensis Market Size And Template Market Growth Rate
4. Key Yerba Mate Ilex Paraguariensis Market Trends
5. Major Yerba Mate Ilex Paraguariensis Market Drivers
……
25. Key Mergers And Acquisitions In The Yerba Mate Ilex Paraguariensis Market
26. Top Yerba Mate Ilex Paraguariensis Companies
27. Yerba Mate Ilex Paraguariensis Market Opportunities And Strategies
28. Yerba Mate Ilex Paraguariensis Market, Conclusions And Recommendations
29. Appendix
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