The forecast for the Mate and Tea market size volume per capita in the United Kingdom from 2024 to 2028 indicates a gradual decline. In 2023, this market stood at approximately 1.5 kg per capita, showing a consistent downtrend over the forecasted years. The year-on-year decrease from 2024 to 2028 ranges from approximately 1% to 2%, signifying a subtle but continuous reduction. The compound annual growth rate (CAGR) over this five-year period reflects a moderate decline, suggesting changing consumer preferences or market conditions.
Future trends to watch for include the impact of health consciousness, sustainability, and organic product preferences on the tea and mate market. Moreover, innovations in tea blends and functional beverages may alter consumer demand and potentially stabilize or reverse declining trends. Monitoring these dynamics will be crucial for stakeholders in adapting strategies to align with evolving market behavior.
