Matcha industry demand is projected to register over an 8% CAGR between 2021 and 2027, driven by growing consumer focus on leading a healthy lifestyle, along with a rise in the overweight population.
updated: Aug 18, 2021
August 18, 2021 (Newswire.com) –
The matcha market value is expected to cross USD 5.5 billion by 2027, according to a new research report by Global Market Insights Inc., owing to the growing demand for healthy and safe products, along with the increasing demand for a variety in tea flavors.
The matcha industry’s size from steamed production technology is set to surpass USD 2 billion by 2027. The increasing adoption of steamed production technology, owing to its ability to retain the green color of the tea leaves and low production cost, will boost product demand. The tea leaves are steamed using a…