The global yerba mate market was valued at US$ 1,251.0 Mn in 2018, according to Yerba Mate Market Report, by Form Type (Liquid Concentrate, Powder, and Others), by Application (Food and Beverages, Dietary Supplements, Cosmetics & Personal Care, and Functional Food), by Distribution Channel (Hypermarkets, Supermarkets, Online Stores, Convenience Stores, and Specialty Drug Stores), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) published by . The global yerba mate market is projected to reach US$ 1,641.0 Mn by 2027, exhibiting a CAGR of 3.1% during the forecast period (2019-2027). The market is expected to witness significant growth over the forecast period, attributing to increasing demand for yerba mate worldwide, owing to health benefits offered by yerba mate. Moreover, increasing number of product launches worldwide is also contributing to growth of the yerba mate market. For instance, in January 2019, Coca Cola launched yerba mate tea capsules under its Leao and Matte Leao brands in Brazil. These capsules are available in Matte Leao Original and the ‘premium’ line Leao Senses versions along with different flavors such as blueberry & vanilla and passion fruit, blackberry, and orange & ginger. The capsules include paper filters that allow to extract maximum flavors from the tea. Moreover, yerba mate capsules are sold in boxes of 10, wherein each capsule makes around 200 ml of tea. The price of matte Leao original and premium Leao senses is US$ 5.13 and US$ 5.90, respectively. Therefore, increasing number of product launches is driving the global yerba mate market growth. However, consuming yerba mate in excess quantity may lead to side effects, which is expected to adversely impact demand for yerba mate over the forecast period. According to World Health Organizations report, drinking hot yerba mate at 149 degree F (65 degree C) or above may lead to high risk of cancer compared to drinking cold yerba mate. Yerba mate also contains polycyclic aromatic hydrocarbons (PAHs), which are also found in tobacco smoke and grilled meat. Therefore, these negative aspects of yerba mate may hinder growth of the global yerba mate market over the forecast period. https://www.coherentmarketinsights.com/market-insight/yerba-mate-market-2744 Browse 28 market data tables* and 22 figures* on "Yerba Mate Market” - Global forecast to 2027. Key Takeaways of the Market:
Joining thousands of companies around the world committed to making the Excellent Business Solutions.