In 2023, Italy led European production of Tea or Maté Extracts, Essences, and Concentrates with approximately 94.6 million euros, witnessing a substantial year-on-year growth of 7.05%. Germany followed closely with 93.7 million euros but experienced a slight decline of 1.13%. The United Kingdom, with a noteworthy increase of 6.53%, reached 39.5 million euros. Romania also posted a positive growth of 4.08%, while Austria saw a modest rise of 1.07%. Denmark's production surged by 11.99%, and Spain grew by 5.67%. However, Croatia faced a significant drop of 26.27%.
Looking ahead, several trends are expected to influence the European market for tea or maté extracts:
- Increased consumer demand for health and wellness products may drive further production growth.
- Innovation in flavor and packaging could remain pivotal to capturing market share.
- International trade dynamics post-Brexit might continue to impact UK's production trajectory.
- Economic stability and consumer spending will be crucial in determining growth across Southern and Eastern European markets.
Top countries in Sold Production of Tea or Maté Extracts, Essences, Concentrates and Preparations by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 94,551,000 | 2023 | -0.081% | +7.05% | View data |
| 2 | 2 Germany | 93,654,000 | 2023 | +6.16% | -1.13% | View data |
| 3 | 3 United Kingdom | 39,461,000 | 2023 | +4.9% | +6.53% | View data |
| 4 | 4 Romania | 16,853,000 | 2023 | +4.84% | +4.08% | View data |
| 5 | 5 Austria | 2,203,200 | 2023 | +0.025% | +1.07% | View data |
| 6 | 6 Denmark | 1,935,700 | 2023 | +3.26% | +11.99% | View data |
| 7 | 7 Bulgaria | 1,022,800 | 2023 | +1.04% | +0.12% | View data |
| 8 | 8 Spain | 491,690 | 2023 | -3.25% | +5.67% | View data |
| 9 | 9 Lithuania | 211,360 | 2023 | +3.14% | +2.57% | View data |
| 10 | 10 Croatia | 15,750 | 2023 | -51.37% | -26.27% | View data |
