The Business Research Company’s Matcha Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Matcha Global Market Report 2023 evaluates matcha market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global matcha market is expected to grow from $3.17 billion in 2022 to $3.48 billion in 2023 at a compound annual growth rate (CAGR) of 9.96%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The matcha market is expected to reach $5.17 billion in 2027 at a CAGR of 10.38%.
The rising demand for food and beverages is expected to propel the growth of the matcha market going forward. Food and beverages are consumable substances that provide nourishment, sustenance, and pleasure to individuals. Matcha plays a significant role in food and beverages because of its distinct flavor, vibrant color, nutritional value, and cultural significance. Matcha’s versatility allows it to be incorporated into various recipes, catering to multiple tastes and preferences while providing potential health benefits. For instance, in April 2022, according to a report shared by Common Thread Collective, a US-based e-commerce growth agency, global sales of food and beverages reached $435.3 billion in 2021 and $506 billion in 2022. Furthermore, the worldwide revenue for food and beverages is expected to reach $857 billion by 2025. Therefore, the rising demand for food and beverages is driving the growth of the matcha market.
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The matcha market segments in the report are:
1) By Product: Regular, Flavored
2) By Form: Powder, Liquid
3) By Grade: Café, Ceremonial, Classic, Culinary
4) By Distribution Channel: Hypermarket And Supermarket, Specialty Retail Stores, Online Retail Stores, Other Distribution Channels
5) By Application: Regular Tea, Matcha Beverages, Food, Personal Care, Other Applications
The table of contents in TBRC’s matcha market report includes:
1. Executive Summary
2. Matcha Market Characteristics
3. Matcha Market Trends And Strategies
4. Matcha Market – Macro Economic Scenario
5. Matcha Market Segmentation
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26. South America Matcha Market
27. Brazil Matcha Market
28. Middle East Matcha Market
29. Africa Matcha Market
30. Matcha Market Competitive Landscape And Company Profiles
Top Major Players:
- Nestle S.A
- Unilever PLC
- Starbucks Corporation
- McCormick and Company Inc
- ITO EN Ltd
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