Matcha Market
Matcha Market
The market for Matcha was estimated at $5.48 billion in 2024; it is anticipated to increase to $9.0 billion by 2030, with projections indicating growth to around $13.7 billion by 2035.
Global Matcha Market Outlook
Revenue, 2024 (US$B)
Forecast, 2034 (US$B)
CAGR, 2024 - 2034
Exploring the nature of match reveals that it is a finely powdered substance made from specifically cultivated and processed green tea leaves. Having served as an element of the traditional Japanese tea ritual for many years now match has broken free from cultural boundaries and spread across various industries. No longer limited to beverages match has made its way into different sectors such as skincare and beauty products. The growing use of match, in cosmetics highlights its antioxidant calming qualities.
Market Key Insights
- The Matcha market is projected to grow from $5.5 billion in 2024 to $12.6 billion in 2034. This represents a CAGR of 8.7%, reflecting rising demand across Culinary Delights, Beauty & Skincare and Health Supplements.
- The market leaders in this industry include Aiya America and Mizuba Tea Co. and Ippodo Tea Co. which determine the competitive dynamics of this market.
- Japan and U.S. are the top markets within the Matcha market and are expected to observe the growth CAGR of 6.4% to 9.1% between 2024 and 2030.
- Emerging markets including Brazil, Russia and India are expected to observe highest growth with CAGR ranging between 8.4% to 10.9%.
- The Green Revolution will drive $1.0 billion worth of growth for the Matcha market through 2030.
- The Matcha market is set to add $7.1 billion between 2024 and 2034, with manufacturer targeting Food & Nutraceuticals End-Users projected to gain a larger market share.
- With Rising health consciousness, and Culinary exploration, Matcha market to expand 130% between 2024 and 2034.
Opportunities in the Matcha
Working together with known drink establishments or health conscious eateries can help boost the consumption of Matchа tea. By teaming up to develop co branded Matchа drinks or food offerings we can enhance its visibility in the market and seamlessly integrate Matchа products into everyday food and drink choices.
Growth Opportunities in North America and Asia Pacific
North America Outlook
In North America's market for match tea is thriving due to a growing focus on health and well being among consumers in the region who have income to spend on organic and plant based food items like match tea products that are becoming increasingly popular in the United States and Canada leading to a variety of innovative match tea infused goods from skincare products, to baked treats being introduced onto the market. Despite the presence in the market and the existence of major competitors like ITO EN and Aiya America among others such, as The Hain Celestial Group Inc. there are still unexplored possibilities. This includes focusing on creating B2b strategies and optimizing sales channels to effectively target strategic markets.
Asia Pacific Outlook
The Asia Pacific region is a market for match due to its rich tea drinking culture and increasing focus on health awareness trends with Japan and China leading the way in consumption of this vibrant green tea powder blend. Although its an established market with growth rates supported by government efforts to promote traditional teas and the boost from tourism that exposes more people to match options. There are opportunities for brands to carve out their niche in this competitive sector where companies, like Marushichi Seicha, Shaoxing Royal Tea and Yanoen are major players. Emphasizing product innovation and unique flavors while considering the potential wellness advantages can drive the expansion of the market.
Market Dynamics and Supply Chain
Driver: Rising Health Consciousness, and Innovative Marketing Strategies
Matche is also becoming more popular among chefs and home cooks worldwide due to its flavor profile and versatile uses in cooking and baking recipes around the globe. The vibrant green color and unique taste of Matche are also enhancing the appeal of dishes in both classic and contemporary cuisines. Matche is also being incorporated into a range of foods such as pastries, cold treats like ice cream and savory dishes. This culinary trend is also projected to drive an increase in the demand, for Matche products.
Restraint: High Production & Distribution Costs
Opportunity: Leveraging Technology for Matcha Innovation and Untapped Potential in Health-Conscious Market Segments
The increasing awareness of health among people worldwide and the known health advantages of Matchaky can open up a new market sector that has not only yet been fully explored. KCreating designed Matchaky products focused on health to cater to this new consumer trend could lead to greater acceptance in the market. Especially, among fitness lovers and health conscious individuals.
Challenge: Limited Awareness & Perception
Supply Chain Landscape
Uji Matcha
Kagoshima Seicha
Ito En
Aiya America
Yamamasa Koyamaen
Mizuba Tea Co
Kiss Me Organics
Encha
Matcha Konomi
Uji Matcha
Kagoshima Seicha
Ito En
Aiya America
Yamamasa Koyamaen
Mizuba Tea Co
Kiss Me Organics
Encha
Matcha Konomi
Applications of Matcha in Culinary Delights, Beauty & Skincare & Health Supplements
Matcha, particularly the culinary grade, is extensively used in the food industry for its unique flavor and vibrant color. It is included in a variety of delicacies - from smoothies and lattes to pastries and chocolates, offering a healthful twist to these delights. The superior quality of Matcha, combined with its diverse culinary applications, has been leveraged by top players like The AOI Tea Company and Aiya creating a distinct market positioning for them with their flavourful and nutritious offerings.
In the health and wellness sector, ceremonial grade Matcha is frequently utilized due to its unmatched purity and high antioxidant content. Supplement manufacturers incorporate this green tea powder to formulate tablets, capsules, and drink mixes - promoting weight loss, enhancing focus, and boosting overall health. Esteemed brands like DoMatcha and Ippodo Tea leverage the health benefits of Matcha, making their position formidable in this fast-growing market segment.
Matcha is gaining traction in the beauty and skincare industry as an organic and potent ingredient. Primarily ceremonial or premium grade Matcha, rich in anti-aging antioxidants, is used to make a range of products including face masks, creams, and lotions. It aids in reducing inflammation and improving skin elasticity - a fact exploited by leading entities such as Tatcha and Fresh.
Recent Developments
GreenFit, a leading health food supplier, launched their Matcha infused energy bars targeting health-conscious consumers and expanding their product line
TeaZen, a top beverage retailer, entered a partnership with Matcha growers in Japan to ensure sustainable and ethically sourced Matcha for their mainstream retail lines
MatchaLabs revealed their innovative technology-driven Matcha processing technique, promising to enhance the flavor profile and antioxidant content of the Matcha powder, gaining significant industry attention.