According to a new report published by UnivDatos Markets Insights the Matcha Powder Market is expected to grow at a CAGR of around 13% from 2021-2027. The analysis has been segmented into Grade (Classic, Ceremonial, and Culinary); Application (Regular Tea, Matcha Beverages, Food, Personal Care); Production Technology (Steamed, Pan-Fried); Region/Country.
he matcha powder market report has been aggregated by collecting informative data of various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the matcha powder market. The matcha powder market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Matcha Powder market at the global and regional levels.
The Global Matcha Powder Market is experiencing significant growth on account of the increasing patient pool and higher mortality rate due to chronic diseases (heart diseases, cancer, and diabetes worldwide) due to which people are inclining towards adoption of a healthy lifestyle. According to World Health Organization, the prevalence of chronic diseases is anticipated to rise by 57% in 2020 and 71% of all deaths are due to non-communicable diseases. 8.89 million deaths due to ischemic heart disease and about 6.19 million deaths because of stroke in 2019. Furthermore, in 2020, there were an anticipated 19.3 million new cancer cases (18.1 million excluding NMSC, except basal cell carcinoma) and 10 million cancer mortality cases (9.9 million excluding NMSC, except basal cell carcinoma) worldwide.
Furthermore, an increasing Innovation in the field of food and technology is contributing to the emergence of innovative variants and products using matcha powder. In addition to this, the expansion of the scope of matcha powder applications in the confectionary and personal care industry further augments the growth of the matcha powder market. The overall demand is being propelled by a paradigm change away from other non-alcoholic beverages toward Nutrient-rich beverages.
The global Matcha Powder market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
- Classic segment dominated the global matcha powder market and is expected to grow at a significant CAGR during the forecast period.
- Amongst application type, regular tea accounted for the largest share in 2020 and is expected to grow at a considerable CAGR during the forecast period 2021-2027 owing to the increased consumption of green tea regularly due to numerous health benefits associated with it.
Matcha Powder Market Geographical Segmentation Includes:
- North America (United States, Canada, and Rest of North America)
- Europe (Germany, United Kingdom, Italy, France, Spain, and the Rest of Europe)
- Asia-Pacific (China, India, Australia, Japan, and the Rest of Asia-Pacific)
- Rest of the World
Geographically, the Asia-Pacific region dominated the matcha powder market in 2020 as China and Japan are the major non-fermented tea producers. For instance, China produced nearly, 1.77 million metric tons of green tea in 2019.
The major players targeting the market include
- AOI seicha
- Aiya America Inc.
- Nestlé S.A.
- ITO EN Ltd.
- The Hain Celestial Group Inc.
- ShaoXing Royal Tea Village Co. Ltd.
- Mizuba Tea Co.
- MaruKyu Koyamaen
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the matcha powder market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
- What are the latest trends, new patterns, and technological advancements in the matcha powder market?
- Which factors are influencing the matcha powder market over the forecast period?
- What are the global challenges, threats, and risks in the matcha powder market?
- Which factors are propelling and restraining the matcha powder market?
- What are the demanding global regions of the matcha powder market?
- What will be the global market size in the upcoming years?
- What are the crucial market acquisition strategies and policies applied by global companies?
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