South America Mate Market Size (2024 - 2029)

The South American mate market is experiencing growth driven by increased export opportunities and a resurgence in domestic demand. The market size is influenced by the expanding appeal of yerba mate as an alternative to coffee in North American and European markets, supported by initiatives from regional organizations. Brazil and Argentina are key players in production, with Brazil historically leading, although its production has seen a decline compared to previous years, while Argentina's production continues to rise.

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Market Size of South America Mate Industry

Market Snapshot
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 4.40 %

Major Players

South America Mate Market Major Players

*Disclaimer: Major Players sorted in no particular order

South America Mate Market Analysis

The Mate market in South America is estimated to grow at a CAGR of 4.4% during the forecast period (2020 - 2025).

Emerging export potential for the North American and European markets along with a stabilized demand from Syria and Chile, and a revival in the regional domestic demand, have given a boost to the yerba mate market in South America, in recent years. Furthermore, the development of several initiatives by INYM, aided by burgeoning demand for the caffeine-induced flavorful beverage as a viable alternative to coffee in the export markets, have acted as a stimulus to the production of mate in the region.

In terms of production, Brazil was the largest market for yerba mate in the region in 2019, followed by Argentina. The country produced a total of 546,618.0 metric tons of yerba mate in 2018. Although the largest producer in the region, Brazil witnessed a diminishing trajectory in product levels as it produced a total of 630.5 thousand metric tons in 2016, which stands in stark contrast to the production level in 2018. The production level in Argentina, on the other hand, has been rising steadily, reaching 302.1 thousand metric ton in 2018.

South America Mate Industry Segmentation

Yerba mate, also known as chimarrão in Brazil, is a species of the genus, Ilex paraguariensis A. St.-Hil., which is used to make the beverage known as mate. For the purpose of the study, mate with the HS code 0903, as per the UN Comtrade statistical database, has been considered under the scope. The market is segmented into the major countries involved in the production, consumption, and trade of mate in South America, viz., Brazil, Argentina, Paraguay, Chile, and Uruguay. The review period considered for the study is 2016-2019 and the forecast period is 2020-2025.

Argentina
Production Analysis
Consumption Analysis & Market Size
Import Market Analysis (Volume & Value)
Export Market Analysis (Volume & Value)
Price Trend Analysis
Brazil
Production Analysis
Consumption Analysis & Market Size
Import Market Analysis (Volume & Value)
Export Market Analysis (Volume & Value)
Price Trend Analysis
Paraguay
Production Analysis
Consumption Analysis & Market Size
Import Market Analysis (Volume & Value)
Export Market Analysis (Volume & Value)
Price Trend Analysis
Chile
Production Analysis
Consumption Analysis & Market Size
Import Market Analysis (Volume & Value)
Export Market Analysis (Volume & Value)
Price Trend Analysis
Uruguay
Production Analysis
Consumption Analysis & Market Size
Import Market Analysis (Volume & Value)
Export Market Analysis (Volume & Value)
Price Trend Analysis
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South America Mate Market Size Summary

The South American mate market is experiencing a positive growth trajectory, driven by increasing export opportunities to North America and Europe, alongside stable demand from countries like Syria and Chile. The revival of domestic demand within the region has further bolstered the market. Initiatives by INYM and the growing popularity of mate as a caffeine-rich alternative to coffee have stimulated production. Brazil leads the region in yerba mate production, although it has faced a decline in recent years, while Argentina has seen a steady increase. The rising demand for mate in the United States and European countries, attributed to its perceived health benefits over traditional beverages, has contributed to the market's expansion.

The international market's appetite for exotic beverages with health benefits has fueled the export of mate from South America, with significant imports noted in countries like Spain. Despite Brazil's status as the largest global producer, its production levels have decreased due to reduced harvesting areas. However, the global demand for yerba mate has attracted the attention of major corporations, leading to innovative product launches, such as Coca-Cola Brazil's yerba mate pods. These developments are anticipated to enhance Brazil's production capabilities in the future, capitalizing on the burgeoning global interest in yerba mate.

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South America Mate Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Value Chain Analysis

  2. 2. MARKET SEGMENTATION

    1. 2.1 Argentina

      1. 2.1.1 Production Analysis

      2. 2.1.2 Consumption Analysis & Market Size

      3. 2.1.3 Import Market Analysis (Volume & Value)

      4. 2.1.4 Export Market Analysis (Volume & Value)

      5. 2.1.5 Price Trend Analysis

    2. 2.2 Brazil

      1. 2.2.1 Production Analysis

      2. 2.2.2 Consumption Analysis & Market Size

      3. 2.2.3 Import Market Analysis (Volume & Value)

      4. 2.2.4 Export Market Analysis (Volume & Value)

      5. 2.2.5 Price Trend Analysis

    3. 2.3 Paraguay

      1. 2.3.1 Production Analysis

      2. 2.3.2 Consumption Analysis & Market Size

      3. 2.3.3 Import Market Analysis (Volume & Value)

      4. 2.3.4 Export Market Analysis (Volume & Value)

      5. 2.3.5 Price Trend Analysis

    4. 2.4 Chile

      1. 2.4.1 Production Analysis

      2. 2.4.2 Consumption Analysis & Market Size

      3. 2.4.3 Import Market Analysis (Volume & Value)

      4. 2.4.4 Export Market Analysis (Volume & Value)

      5. 2.4.5 Price Trend Analysis

    5. 2.5 Uruguay

      1. 2.5.1 Production Analysis

      2. 2.5.2 Consumption Analysis & Market Size

      3. 2.5.3 Import Market Analysis (Volume & Value)

      4. 2.5.4 Export Market Analysis (Volume & Value)

      5. 2.5.5 Price Trend Analysis

South America Mate Market Size FAQs

The South America Mate Market is projected to register a CAGR of 4.40% during the forecast period (2024-2029)

The report covers the South America Mate Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Mate Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

South America Mate Market Report Snapshots

South America Mate Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)