In the Philippines, the mate and tea market reached a volume of approximately 6.25 thousand metric tons in 2023. Based on the forecasted data, the market is expected to grow steadily from this baseline, reaching 6.96 thousand metric tons by 2028. This represents a year-on-year growth of roughly 3% over the last two years (2024-2025) and an annual CAGR of about 2.7% over the five-year period from 2024 to 2028.

For future trends, stakeholders should watch for the following:

Increasing health awareness driving higher consumption of healthy beverages like mate and tea.
Potential introduction of new tea flavors and mate variants catering to local tastes.
Impact of global supply chain disruptions on the availability and price of raw materials.
Growing presence of international brands and local artisanal producers.