In 2023, the demand for Mate and Tea in the United Kingdom stood at 100.8 thousand metric tons. From 2024, forecasts predict a gradual decline in demand from 99.5 thousand metric tons in 2024 to 94.4 thousand metric tons by 2028. This represents a year-on-year decline of approximately 1.3% from 2024 to 2025, and a consistent annual decrease in the subsequent years. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is estimated at approximately -1.32%, indicating a slight but steady downward trend in the market.
Future trends to watch for include potential changes in consumer preferences towards healthier lifestyle products, which could affect demand. Additionally, economic factors such as inflation and purchasing power could impact consumer spending on non-essential goods like specialty teas. Furthermore, potential innovations within the tea market, like new flavors or sustainable packaging, might influence consumption trends in the coming years.
