South America Mate Market Size (2024 - 2029)

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.