The forecast for China’s mate and tea demand indicates a gradual increase from 2024 to 2028, starting at 1.82 million metric tons and reaching 1.87 million metric tons. In 2023, the demand stood at an unspecified value, making it necessary to observe year-on-year growth approximately between 0.55% to 1.09% during this forecast period, showcasing a slow but steady increase in demand.
- Expect a consistent rise following a compound annual growth rate (CAGR) of around 0.55% over the five-year period from 2024 to 2028.
Future trends to watch for include shifts in consumer preferences towards more health-driven tea products, potential policy changes affecting trade, and growing competition within the beverage sector. These factors could significantly influence the market landscape and its growth trajectory.
