Global Matcha Market - 2023-2030

Market Overview

The Global Matcha Market reached US$ 2.9 billion in 2022 and is projected to witness lucrative growth by reaching up to US$ 6.4 billion by 2030. The market is expected to exhibit a CAGR of 10.2% during the forecast period 2023-2030.

Young tea leaves are plucked and ground into a thin green powder using granite boulders to produce the green tea variation known as matcha. Because matcha contains more chlorophyll than regular green tea leaves, it is a vibrant green. Due to its high antioxidant content, matcha is good for one's health. It raises metabolism, burns calories, lowers cholesterol, and lowers blood sugar while enhancing mood, driving the matcha market growth.

The processes of synthesis and accumulation of physiologically active compounds, such as theanine, caffeine, chlorophyll, and other forms of catechins, are facilitated when plants are shaded during their growth stage, according to the National Centre for Biotechnology Information (NCBI). The hectic lifestyles of consumers and shifting dietary preferences present numerous potentials for matcha market demand globally.

Market Dynamics

The Health Benefits Associated with Matcha is Driving the Market Growth.

The product has an amino acid concentration almost five times higher than conventional black and green tea. The product's amino acid, "L-theanine," can lower stress, encourage relaxation, improve mental clarity and tranquillity, and guard against chronic illnesses like type 2 diabetes and digestive issues.

According to the National Association of Chronic Disease Directors, people with chronic diseases and mental health issues are responsible for 90% of the nation's $3.8 trillion in annual healthcare costs. According to an update released by the Partnership to Fight Chronic Disease, by 2030, the expense of treating the seven most prevalent chronic diseases in the United States will total $2 trillion annually or $8,600 per person.

According to the same report, reducing harmful behaviors might prevent 1,100,000 deaths annually. Hence, customers are being encouraged to eat more nutritious foods and beverages because of the rising incidence of lifestyle diseases throughout the world, which in turn, the matcha market growth is driving during the forecast period of 2023-2030.

The Higher Price of Matcha is Limiting the Market Growth

Matcha's considerably higher price will hamper the market compared to its alternatives. Due to limitations in soil and environment type, matcha can only be grown in Uji in the Kyoto region and Nishio in the Aichi region of Japan, which raises the cost of production. Matcha is made from tencha leaves of the Camellia sinensis plant that are grown in the shade. It could cost anywhere from 3 to 6 times as much as conventional green tea.

For instance, Matcha should be fine for most individuals, but not everyone will enjoy it because it contains more caffeine than green tea. For instance, Harvard Health Publishing advises that individuals with cardiac problems should also adhere to a daily caffeine limit of 200 mg.

COVID-19 Impact Analysis

The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown, and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).

Segment Analysis

The Global Matcha Market is segmented based on grade, application, and region.

In the Global Market of Matcha, the Regular Tea Holds the Largest Market Share.

The Global Matcha Market has been segmented by grade into regular tea, matcha beverages, food, personal care. The regular tea segment held the largest matcha market share of 62.6% in 2022 in the matcha market analysis report.

The segment's growth is due to the substantial health benefits of matcha when taken as normal tea. Due to matcha's purifying and energising qualities, its popularity in cafes has expanded in response to the growing demand for low-calorie beverages. Starbucks Corporation and other well-known coffee shops offer matcha drinks on their menu, which is increasing the demand for matcha in regular tea, hence driving the matcha market growth.

Geographical Analysis

The Asia-Pacific Held the Largest Share in Matcha Market.

In the Matcha market analysis, the Asia-Pacific matcha market held the largest market share of 58.4% in 2022. The Asia Pacific region's product industry focus was mostly influenced by ancient tea traditions from China and Japan. Due to rising health awareness, it is also projected that nations like Australia, Singapore, and India will become prospective markets.

However, because of its health advantages and growing consumer interest, matcha is anticipated to become much more well-liked in the Asia-Pacific region during the forecast period of 2023-2030.

Competitive Landscape

The major global players in the market: Aiyo Co. Ltd., The AOI Tea Company, Ippodo Tea Co., Ltd, Vivid Vitality Ltd., DoMatcha, Encha, TEAJA Organic, ITO EN, LTD., Midori Spring LTD, and Jade Monk LLC.

Global Recession/Ukraine-Russia War/COVID-19, and Artificial Intelligence Impact Analysis:

COVID-19 Impact:

The Global Matcha Market was directly and negatively impacted by the COVID-19 outbreak. The distribution channels were badly impacted by lockdowns to stop and contain the outbreak. Disrupted distribution channels have an impact on value-adding operations by reducing the marketability of finished goods.

The growing and processing of tea requires less labor than the matcha sector, which requires more labor. The production of high-quality tea was hampered by the announcement of aggressive containments, which fell around the busiest times for collecting fine tea leaves.

Global Recession Impact:

Over the past two years, prices have increased significantly because of the high inflation rates in developed economies around the world. It is anticipated that the aggregate purchasing power will considerably affect developing economies and is thought to be non-beneficial in many ways, including the lessened consumer buying of matcha-based products.

Why Purchase the Report?

• To visualize the global matcha market segmentation based on grade, application, and region and understand key commercial assets and players.
• Identify commercial opportunities in the market by analyzing trends and co-development.
• Excel data sheet with numerous data points of matcha market-level with all segments.
• The PDF report consists of cogently put-together market analysis after exhaustive qualitative interviews and in-depth market study.
• Product mapping is available as Excel consists of key products of all the major market players.

The Global Matcha Market Report Would Provide Approximately 93 Tables, 109 Figures And 190 pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies