The report “Global Yerba mate market by form type (Powder, Liquid Concentrate, and Others), by application (Food and Beverage, Dietary Supplement, Cosmetic & Personal Care, Functional Food, and Other), by distribution channel (Offline and Online), and by region (North America, Europe, Asia Pacific, Middle East & Africa, and South America)”Global Yerba Mate Market was valued at US$ 1.37 Bn in 2017 and is expected to reach US$ 3.98 Bn by 2026, at a CAGR of 14.26% during a forecast period.
Yerba mate has antioxidants, which is supported to boost safe system is propelling market growth. Growing demand due to healthful substitute over tea & other energy drink and beneficial as a dietary supplement are surging the market demand. Rising usage of yerba mate for physical and mental health is further driving the market growth across globally. Yerba mate consumption is rising in the cosmetic & personal care industry for hair care and skin care are other driving factors of the market. Rising e-Commerce industry in the cosmetic and personal care industry is also propelling the growth of this market. Growing permeation of social media such as Facebook, Instagram, Twitter, and other healthcare blogs are increasing awareness about the health, which is boosting the growth of the global yerba mate market.
Powder segment is leading the Yerba mate market.
Powder segment is expected to hold the largest share in the market during the forecast period. In terms of application food and beverage, a segment is expected to lead the market growth in forecast period owing to rising usage for tea as it has the caffeine.
Online segment is leading the yerba mate market.
Online segment is estimated to hold the largest share in the market during the forecast period owing to online retailing provides more discounts and wider options to purchase. The online platform becomes popular due to that it provides the delivery to the doorstep by order of products.
The Asia Pacific the leading regional market for yerba mate market.
The Asia Pacific is expected to hold the largest share in the market during the forecast period owing to rising middle-class population, changing living standards of the consumers, and increasing awareness regarding health. Cosmetic & personal care industry is expected to propel the market demand during the forecast period in this region. Especially India and China countries are surging the market growth in food & beverage and cosmetic & personal care industry owing to rising middle-class population and influence of western lifestyle.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as are Pure Leaf Naturals, ECOTEAS, Yuyo Drinks Ltd., Playadito, Santo Pipó, LauroRaatz, Aguantadora, Kraus Yerba Mate, CBSe, Romance, Rosamonte, Selecta, La Virginia, Triunfo, Mate Factor, Wisdom Natural, Guyaki, Amanda, Andresito, Molinos, Canarias, and La Tranquera.
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the Yerba mate market. The report encompasses the market by different segments and region, providing the in-depth analysis of the overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Yerba mate market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Yerba mate market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on” Global Yerba Mate Market”.
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