Matcha Market Is Anticipated to Grow at 7.6% CAGR from 2014 to 2025
The
global matcha market is expected to reach USD 5.07
billion by 2025, according to a new report by Grand View Research, Inc. Rising
prevalence of chronic diseases has augmented the demand for healthy and
nutrient-rich food & beverage alternatives. Anti-oxidant and vitamin-rich
composition of matcha tea has fueled the product demand across the globe.
Anti-oxidants,
including epigallocatechin gallate (EGCG), prevent diseases such as cancer,
Type-2 diabetes, cardiovascular problems. EGCG present in the product can
repair DNA damage caused by UV radiation and controls the proliferation of
cancerous cells. The product also has the potential to reduce stress and
promotes a state of relaxation. L-theanine present in the product acts in a
synergistic way to activate alpha waves in the brain and thus improves brain
functioning. Furthermore, high chlorophyll content of the product prevents
toxin accumulation in body.
Key product
grades available in the industry include ceremonial, classic, and culinary.
Ceremonial accounts to be the most expensive product grade owing to its
superior and high-quality production process. Classic grade is the most widely
consumed variety, owing to its enhanced taste and flavor. The demand for
culinary grade is predicted to grow at a robust pace, due to emerging use in bakery
and cooking applications.
Global matcha market revenue, by application, 2015, (%) |
Asia Pacific
held the largest share of the global industry revenues in 2016, owing to
traditional tea culture in Japan and China. The product was majorly consumed in
form of regular tea, followed by other beverages in Asia Pacific. Experiment
and innovation led to the preparation of various beverages, including
smoothies, lattes, and juices. Various cafes and food chains have incorporated
various matcha tea-based foods and beverages in their product portfolios. North
America has exhibited spurring demand over the recent past, owing to heightened
consumer awareness in the U.S.
Full
Research Report On Global Matcha Market Analysis:
www.grandviewresearch.com/industry-analysis/matcha-market
www.grandviewresearch.com/industry-analysis/matcha-market
Further
key findings from the report suggest:
- The global matcha market
was valued at USD 2.62 billion in 2016 and is expected to grow at a CAGR
of 7.6% from 2017 to 2025, owing to rising consumer awareness regarding
product features, such as detoxification, anti-ageing, and improvements to
immune system
- Culinary grade is
estimated to be the fastest-growing segment of the overall product
industry, over the forecast period, driven by the rapidly growing use of
the product in formulation of snacks, desserts, bakery, and confectionery
items
- Classic grade was the
largest segment of the industry, accounting for around 56% share of the
global revenue in 2016, owing to the superior health benefits offered by
this product grade
- Regular
tea application segment is expected to dominate the global market,
owing to energy stimulation and detoxifying properties of the product
- North America is expected
to witness considerable growth over the forecast years, drive by the
rising number of outlets selling matcha-based beverages in the U.S. market
- Key players in the
industry are focusing on expanding their product portfolios along with
organizing events to boost consumer awareness, with the objective of
sustaining major shares of the overall industry revenues
View more
reports of this category by Grand View Research at:
www.grandviewresearch.com/industry/nutraceuticals-functional-foods-and-dietary-supplements
www.grandviewresearch.com/industry/nutraceuticals-functional-foods-and-dietary-supplements
Grand View Research has segmented the global matcha market on the basis
of grade, application and region:
Matcha
Grade Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)
- Ceremonial
- Classic
- Culinary
Matcha
Application Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)
- Regular
tea
- Matcha
beverages
- Food
- Personal
care
Matcha
Regional Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)
- North
America
- U.S.
- Europe
- Germany
- UK
- Asia
Pacific
- China
- Japan
- Central
& South America
- Brazil
- Middle
East & Africa
View press release of this research report by
Grand View Research:www.grandviewresearch.com/press-release/global-matcha-market
About
Grand View Research
Grand View Research, Inc. is a U.S. based
market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For more
information: www.grandviewresearch.com
Comments
Post a Comment