Yerba Mate Market to grow at a CAGR of 4.50% from 2020 to 2025| 72% of Growth to Originate from South America|17000+ Technavio Reports
NEW YORK, Dec. 20, 2021 /PRNewswire/ -- 72% of the growth will originate from South America for the yerba mate market. Argentina, Brazil, and Uruguay are the key markets for yerba mate in South America. However, the market growth rate in South America will be slower than the growth of the market in other regions. The presence of favorable soil conditions will facilitate the yerba mate market growth in South America over the forecast period. Yerba mate market is set to grow by USD 316.12 million from 2020 to 2025, progressing at a CAGR of 4.50% as per the latest report by Technavio.
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The yerba mate market covers the following areas:
Yerba Mate Market - Driver
The growing consumer awareness about the health benefits of yerba mate will be a significant factor driving the growth of the market. Yerba mate contains phytochemicals, such as chlorogenic acid and caffeoyl derivatives that provide several antioxidant benefits. Yerba mate also minimizes the risk of heart damage induced by oxidative stress, improves cognition, attention, and focus, and reduces the risk of osteoporosis. Moreover, the consumption of yerba mate is known to be beneficial for digestion, reducing obesity, and improving fertility, hormonal balance, and reproductive health. These health benefits have encouraged consumers to choose yerba mate as a viable alternative to tea and coffee
Yerba Mate Market - Challenge
The overconsumption of yerba mate can lead to several negative side effects. Although yerba mate is known to possess several anti-cancer benefits, the overconsumption of yerba mate increases the risk of cancer of the upper intestinal tract, specifically in the mouth, throat, and esophagus. When consumed in large amounts, the high caffeine content in yerba mate poses risks, such as anxiety disorders, a surge in blood pressure and heart rate, irritable bowel syndrome (IBS), glaucoma, diarrhea, and complications related to the control of diabetes and low blood sugar. The overconsumption of yerba mate over a prolonged period may increase the risk of liver diseases. Overall, the negative side effects related to the overconsumption of yerba mate are expected to challenge its adoption among consumers and, thus, hamper market growth during the forecast period.
Yerba Mate Market - Segmentation
The yerba mate market analysis includes segmentation by distribution channel (offline and online) and geography (South America, MEA, North America, APAC, and Europe). This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
Companies Mentioned
The yerba mate market is fragmented and the vendors are deploying growth strategies such as mergers and acquisitions and collaboration to compete in the market. The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- Cafes La Virginia SA
- COOPERATIVA AGRICOLA DE LA COLONIA LIEBIG Ltda.
- Cooperativa Agricola Mixta De Monte Carlo Ltda.
- Guayaki Inc.
- HRENUK SA
- Kraus SA
- Las Marias
- Mate Revolution Inc.
- PepsiCo Inc.
- Yerbatera Cosentina
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Yerba Mate Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.50% |
Market growth 2021-2025 |
USD 316.12 million |
Market structure |
Fragmented |
YoY growth (%) |
3.43 |
Regional analysis |
South America, MEA, North America, APAC, and Europe |
Performing market contribution |
South America at 72% |
Key consumer countries |
Argentina, Brazil, Uruguay, Syrian Arab Republic, and US |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Cafes La Virginia SA, COOPERATIVA AGRICOLA DE LA COLONIA LIEBIG Ltda., Cooperativa Agricola Mixta De Monte Carlo Ltda., Guayaki Inc., HRENUK SA, Kraus SA, Las Marias, Mate Revolution Inc., PepsiCo Inc., and Yerbatera Cosentina |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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SOURCE Technavio
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