The matcha market was valued at USD 2,260.19 million in 2018 and is estimated to reach USD 3,866.34 million by 2024. It is expected to witness a CAGR of 9.44% during the forecast period (2019-2024). Rising occurrence of chronic diseases has fuelled the demand for healthy and nutritious food and beverage products. The antioxidant properties and vitamin composition of matcha have further fuelled the matcha demand, across the world. Additionally, the rising number of health-conscious consumers, along with consumer awareness about the health benefits of matcha ingredient, is expected to fuel the market growth during the forecast period.
Request for sample PDF Here: http://www.arcognizance.com/enquiry-sample/381532
Scope of the Report
Matcha tea is available in the powdered, vibrant, green colored form, and is produced majorly in Japan from shade-grown premium-quality tea leaves. The anti-oxidant and vitamin-rich composition of matcha tea have fueled product demand across the world.
Key Market Trends
Increasing Exports of Matcha by Japan
Amongst the various kinds of Japanese tea, matcha has a unique position. Japan’s export of green tea has significantly increased. The major importers of matcha from Japan are China, Sri Lanka, India, and the United States. The increasing demand for matcha powdered green tea in the United States drove the exports of green tea, in 2017, by Japan. An economic partnership agreement between Japan and the European Union could give exports of green tea, including matcha, an additional boost. The EU will abolish its 3.2% tariff on portions of green tea weighing less than 3kg. Many large cafe chains in the United States have put green tea lattes using matcha on their menus, and the ingredient is increasingly popular in desserts. Over the last 25 years, matcha sales in the United States have increased five-fold to more than USD 10 billion.
Asia Pacific Has Largest Market Revenue
The Asia - Pacific held the largest share of the global industry revenues in 2018. India is one of the leading markets for matcha in the Asia-Pacific region. As matcha complements both sweet and savory dishes, it has become a common ingredient used in ice-creams, tea cakes, crêpes, and even macaroons in Mumbai, India. The restaurants in India are confident that Indian plates are ready for advanced matcha delicacies. Some of them are, steamed and fried mantou bun with a matcha cream cheese and desserts, such as cakes, éclairs, mille-feuilles, milkshake, and smoothies. The product entrance in the US market is primarily aligned with the availability of matcha-based products through Japanese retail grocery stores across cities, such as Los Angeles.
Browse The Full Report With TOC@ http://www.arcognizance.com/report/global-matcha-market-growth-trends-and-forecast-2019-2024
Competitive Landscape
Matcha Maiden, AIYA America Inc., Ippodo Tea Co., and Ito En Ltd are some of the companies leading the product innovation in the matcha market, in terms of packaging, particularly teabags. The companies producing matcha, such as Midori Spring Ltd and Encha Life LLC, are increasingly procuring the production techniques, securing technical assistance from the Japanese farmers for the improved production of matcha, and even extracting matcha leaves from Japan. Some of the top brands are Encha Matcha, MatchaDNA, Midori Spring Ceremonial Emerald, Epic Matcha, Enzo's Private Selection, Kiss Me Organics, Zen Spirit, Matcha Konomi, Kenko Tea, and Jade Leaf Matcha among others.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client's requirements
- 3 months of analyst support
Some Points From TOC:
Chapter One: INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
Chapter Two: RESEARCH METHODOLOGY
Chapter Three: EXECUTIVE SUMMARY
Chapter Four: MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter Five Forces Framework
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers
Purchase Matcha Market Report at: http://www.arcognizance.com/purchase/381532?license=single
Chapter Five: MARKET SEGMENTATION
5.1 Grade
5.1.1 Ceremonial
5.1.2 Classic
5.1.3 Culinary
5.2 Product
5.2.1 Regular Tea
Chapter Six: Competitive Landscape
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Matcha Maiden
6.3.2 Mizuba Tea
…Continued
About US:
www.arcognizance.com is an initiation in this new era of “analysis @ thought.” We are on a mission to replace the conventional research programs and give way to the latest methods and information for the organizations. We have created this hub of analytical research papers where you can get an access to the latest and the best research papers coming out from some reliable and budding research houses. After the advent of “new analytics" based on the data collection facilities of big data, the face of "business research facilities" has changed drastically. With ARC our experts have created a bookshelf where you can check out the research reports that are an outcome of the progression of knowledge in various industry sectors. Alongside you can also check some research papers, market reports, and forecasts that are talking about the "out of the box" developments in the market.
Contact Info:
Name: Matt Wilson
Email: Send Email
Organization: Analytical Research Cognizance
Address: 100 Church Street, 8th floor
Phone: +1 (646) 434-7969
Website: http://www.arcognizance.com/report/global-matcha-market-growth-trends-and-forecast-2019-2024
Release ID: 512884