Sellbyville, Delaware, Aug. 09, 2018 (GLOBE NEWSWIRE) --
Global Market Insights, Inc., announces the launch of its latest report on world Matcha Market featuring the key industry trends across the production technology, grade, application, and regional landscape. The company forecasts the global matcha market share to surpass USD 4 billion by 2024.
Rising health awareness and consciousness over food nutrition are strongly responsible for the growth of matcha market in the recent years. The robust demand for matcha products can be significantly credited to matcha’s unique flavor, texture, and nutritional benefits, as well as its extremely versatile properties that make it viable to be deployed in a range of dairy & bakery applications.
The global ceremonial grade matcha market is projected to exceed USD 500 million by 2024. This grade is considered to be of premium quality and its increasing functionality in niche applications has propelled the segment growth.
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Asia Pacific matcha market was pegged at over USD 800 million in 2017 and is further anticipated to witness remarkable product demand in the ensuing years. Growing consumption of matcha particularly across India, Japan, & China has stimulated the regional industry share. As per the report, the global matcha market size from regular tea applications is expected to surpass a demand of more 100 kilo tons by 2024.
The key companies profiled in the report are the AOI Tea Company, Encha, Midori Spring, Kissa Tea GmbH, Aiya America, D-matcha, Vivid Vitality Ltd., Ito En, Ltd., Tea’s Me Company, Mizuba Tea Company, Shaanxi Dongyu Tea, Matcha Maiden, and Sun Time Tea Company. The companies have been profiled in terms of their strategic outlook, product portfolio, and SWOT assessment.
Browse key industry insights spread across 120 pages with 106 market data tables & 9 figures & charts from the report, “Total Knee Replacement Market” in detail along with the table of contents:
The report also enumerates the challenges for the potential shareholders which chiefly include the high product price as opposed to other green teas, high production and transportation costs, lower consumer awareness, and the requirement of a large workforce.
Scope of the report:
Matcha market production technology landscape: Steamed, Pan Fried
Matcha market grade landscape: Ceremonial, Culinary, Classic
Matcha market application landscape: Matcha Beverages, Regular Tea, Food, Personal Care & Cosmetics
Matcha market regional landscape: Canada, U.S., Mexico, UK, France, Germany, Spain, Italy, Netherlands, Poland, Denmark, Ireland, Belgium, Russia, India, Japan, China, South Korea, Australia, Taiwan, Malaysia, Vietnam, Argentina, Brazil, Saudi Arabia, UAE, Turkey, Kuwait, Morocco, South Africa
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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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