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Matcha Market Report 2023-2032: Market Size, Share, Revenue Trends And Forecast | Nestle S.A., Unilever PLC, Starbucks Corporation, McCormick and Company Inc., ITO EN Ltd
Matcha Market
The Business Research Company's Matcha Global Market Report 2023 identifies rising demand for food and beverages as the major driver for the Matcha market's growth in the forecast period. 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.
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%.
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Major competitors in the Matcha market are Nestle S.A., Unilever PLC, Starbucks Corporation, McCormick and Company Inc., ITO EN Ltd.
A key trend in the Matcha market includes Product innovations. Major companies operating in the matcha market are focused on developing innovative products to strengthen their position in the market. For instance, in January 2022, Aiya Co Ltd, a Japan-based matcha-producing company, launched matcha infused tea line, a collection of organic ceremonial matcha-infused Japanese green teas grown in Kagoshima, Japan. Each box contains ten pyramid tea bags that protect the delicate leaves for a superior brew. Organic matcha-infused Gyokuro, organic matcha-infused sencha, and organic matcha-infused Genmaicha are three premium Japanese green teas in the collection that provide consumers with a unique and delightful tea taste experience.
Read More On The Global Matcha Market Report Here:
https://www.thebusinessresearchcompany.com/report/matcha-global-market-report
The Matcha market is segmented -
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
6. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Matcha market.
The Business Research Company's "Global Matcha Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Matcha Market Include:
1. Executive Summary
2. Matcha Market Characteristics
3. Matcha Market Trends And Strategies
4. Matcha Market - Macro Economic Scenario
5. Global Matcha Market Size and Growth
……
32. Global Matcha Market Competitive Benchmarking
33. Global Matcha Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Matcha Market
35. Matcha Market Future Outlook and Potential Analysis
36. Appendix
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