North America Yerba Mate Market Growth Opportunities by Top Companies, Future Challenges, Competitive Strategies and Forecast to 2029

The North America yerba mate market. Technological advancements in the market and a rise in demand in the beauty and healthcare industry are expected to propel the North America yerba mate market growth. Data Bridge Market Research analyses that the yerba mate market will grow at a CAGR of 4.8% during the forecast period of 2022 to 2029

Yerba mate refers to an herbal tea made from a plant known as Ilex paraguariensis. The twigs and leaves of yerba mate plant are dried, usually over a fire, and then it is put into hot water to prepare herbal tea. This tea can be served both hot or cold.
Commonly known as mate, this beverage is very popular in several countries in Latin America, Brazil, Paraguay, Argentina, and Uruguay. Yerba mate is a stimulant and contains caffeine. This beverage can also infuse various flavors, such as grapefruit, pomegranate, and others. Different flavors make it a popular choice for many consumers.

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Drivers
Rising awareness about health benefits of yerba mate
Nowadays, consumers are seeking new types of tea & beverages to satisfy their taste buds and health needs. Drinking tea continues to be extremely relevant, across consumer groups. Yerba mate has many health advantages, including high antioxidants and minerals, boosting energy and improving mental focus, weight loss and belly fat reduction, enhancing immune function, and lowering blood sugar levels.

In 2021, China imported almost 100,000 kg of yerba, 89,000 kg of which came from Argentina, according to data from 'China's General Administration of Customs. Due to its nutritional benefits and several consumption options, yerba mate is consumed by thousands of individuals in various nations across the world.
Yerba mate can be consumed as a plant-based, energy drink, and wellness beverage, propelling the market in the forecast period.
Technological advancements in the market
Yerba mate market is growing rapidly worldwide, owing to increased health awareness and increased demand for healthy and nutritional products. The market players in yerba are constantly working towards new technology and product launches in the market. The launch of new technology and research help cultivate and process yerba mate to satisfy the preference of different consumers in the market. Technological advancements help in product launches, market understanding, trends analysis, and many more beneficial accepts which help industry experts expand. An important part of the launch plan is quickly validating the product and its benefits.

Opportunities

Yerba mate companies are increasingly adding new and exotic flavors to their products as consumers seek various beverages. The younger generation desires more experimental drinks. Many companies seek to provide products that satisfy the ever-growing consumer demand for healthy, convenient and non-alcoholic options such as ready-to-drink (RTD) tea, coffee, and energy drinks. These rapid innovations led to an increase in the non-alcoholic drinks market.

There is the rapid growth of health & wellness, and curiosity around flavor. The confluence of these trends has underpinned the exponential growth of non-alcoholic drinks in influential bars and restaurants, supermarkets and other retail spaces, creating a huge opportunity for the North America yerba mate market.

Restraints/Challenges

• Difficulty in the cultivation of yerba mate
Yerba mate plants come from the subtropical region of South America. They prefer humid, hot climates that grow plenty of rainfall. If the humidity in area is lower than 50%, the plant probably won't survive. Climate change is affecting food system sustainability by influencing farmer livelihoods, consumer choices, and food security through changes in the natural and human components of agroecosystems. Annual precipitation and heavy rainfall events are becoming more common, especially in the spring.
An excessive amount of spring rain slows crop establishment, interrupts planting, increases the prevalence of several fungal and bacterial crop diseases, and might cause labour problems due to delaying field operations. Variations in temperature and precipitation directly impact the quantity and quality of yerba mate production and indirectly impact the scheduling of important farm operations and the economic effects of pests, weeds, and diseases.

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Recent Developments

Herboflora's manufacturing facilities are specifically designed for the production of tea and cleaning and cutting of herbs and plants. This plant is equipped with grinding mills for seeds, flowers, leafs, producing powder, cut and tea bags; homogenizing mixers for cut products and tea bags; cleaning and selecting sieves for cut products and tea bags; cleaning blowers; tea bag filling machines and packaging machines. The use of these advanced technologies allows the company to enhance its production and operations.

Yerba Mate Market Scope

Type
• Argentinian yerba mate
• Paraguayan yerba mate
• Uruguayan yerba mate
• Brazilian yerba mate
• others
Form
• Powder
• Concentrate
• Extracts
• loose leaf
• others
Nature
• Organic
• Conventional
Application
• Food
• Confectionery
• Beverages
Distribution Channel
• Direct
• Indirect

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Yerba Mate Market Regional Analysis/Insights
The yerba mate market are analyzed, and market size insights and trends are provided based on as referenced above.

The countries covered in the yerba mate market report are the U.S., Mexico, and Canada.

• In North America, the U.S. is expected to dominate the yerba mate market due to the due to easy availability of a wide variety of yerba mate based products and growing popularity among students
Competitive Landscape and Yerba Mate Market Share Analysis
The competitive yerba mate market provide details about the competitors. Details include company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points are only related to the companies' focus on the yerba mate market.
Some of the major players operating in the yerba mate market are Herboflora, Vita Forte Inc., Darka Company s.r.o., ESTABLECIMIENTO LAS MARIAS, LA MISSION MILLS ESTABLISHMENT, Lauro Raatz SA, Triunfo do Brasil, Mate Factor and EOCTEAS among others.

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