Matcha Products Market is expected to be USD 3.2 Billion by Forecast to 2024

Market Overview

Matcha Products Market is projected to grow at a CAGR of 7.3% over the forecast period. Matcha is a fine grounded powder of green tea leaves which is grown in China and Japan. Matcha powder is mostly used in beverage industry to manufacture green tea and smoothies. Matcha based products are rich in anti-oxidants, vitamins, minerals and amino acids, owing to these properties, they are used to cure chronic diseases such as diabetes and obesity, this has increased the consumer shift towards the use of matcha products. Apart from beverage and food, matcha based products from nutraceuticals and cosmetic industries are in high demand.

Matcha is a fine powder of green tea which is grown in China and Japan. Matcha powder is mostly used in beverage industry for manufacturing green tea and smoothies. Matcha products have anti-oxidant rich composition, which helps in curing chronic diseases such as diabetes and obesity, this has increased the consumer inclination towards the use of matcha products. Superior health benefits and consumer acceptance in the population is primarily driving the global market for matcha products.

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Asia Pacific is the leading market for matcha products and is expected to grow substantially over the forecast period 2017-2024. In Asia Pacific region, Japan and China are the major consumers of matcha products and matcha-based beverages. High demand in the beverage industry for an alternative of conventional tea has increased the demand for matcha products in this region.

Major Key Players

This report includes a study of strategies such as mergers, acquisitions, and product launches by the major matcha products market players. It further includes product portfolios, developments of leading players, which includes

The key players profiled in the Matcha Products Market are AIYA (Japan), AOI Tea Company (Canada), Ippodo Tea Co., Ltd (Japan), Encha (Japan), TEAJA Organic (Canada), Midori Spring LTD. (Japan), ITO EN, LTD. (Japan).

Segments

Matcha products market is segmented on the basis of grade, which includes ceremonial, classic, culinary, others. Among all, classic grade holds a major share of global market because this grade is rich in nutrients and has wide application in regular and match tea beverages. This grade is comparatively cheaper than ceremonial and culinary grade.

Matcha products market has been segmented on the basis of distribution channel, which comprises of store based (supermarkets/hypermarkets, specialty retailers, convenience stores, and others), and non-store based (e-commerce). Sale through store based channels is dominating the market due to convenient one-stop shopping experience of the consumers.

Regional Analysis

Matcha Products Market is segmented into Asia Pacific, North America, Europe and Rest of the World (RoW). Asia Pacific market is dominating the global matcha products market followed by North America. In Asia Pacific region, Japan and China are the major consumers of matcha products and matcha-based beverages. Moreover, North America region is expected to grow in the matcha products market during the forecast period 2017-2024.

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