Packaged Turmeric-based Beverages Market to record USD 446.08 Mn growth -- Driven by health benefits of turmeric

NEW YORK, Sept. 19, 2022 /PRNewswire/ -- The "Packaged Turmeric-based Beverages Market by Application and Geography - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.

The potential growth difference for the packaged turmeric-based beverages market between 2021 and 2026 is USD 446.08  million. The growth momentum is expected to accelerate at a CAGR of 11.75% during the forecast period. The report considers various aspects such as the consumer base, adoption rate, average selling price, revenue generated by vendors, and various other factors to estimate the market size. Download Sample PDF Report Here to get an idea of the overall scope of the full report.

• Market Driver
• Market Challenges

The health benefits of turmeric and the increase in demand due to organized retailing are some of the key market drivers. Turmeric has more than 300 bioactive antioxidant compounds, making it ideal for use in several inflammation diseases. Consumption of turmeric reduces arthritis-induced inflammation and swelling. Also, curcumin, one of the active compounds in turmeric drinks, helps in reducing pain in people with osteoarthritis. Moreover, the consumption of turmeric-based beverages such as turmeric tea contributes to cancer prevention, helps maintain ulcerative colitis (UC) remission, manages cholesterol levels, and reduces the risk of developing serious conditions like stroke and heart conditions. Many such health benefits are increasing the consumption of turmeric-based food and beverage products, which is driving the growth of the market.

However, an increase in demand for substitute products might challenge the growth of market players. Learn about other key drivers, trends, and challenges impacting the growth of the market. Buy Full Report Here

The packaged turmeric-based beverages market report is segmented by application (health and wellness and pharmaceutical) and geography (APAC, North America, Europe, South America, and the Middle East and Africa).

By application, the market will observe significant growth in the health and wellness segment. The segment includes products such as turmeric latte, turmeric smoothies, golden milk, turmeric-based juices, turmeric teas, and sparkling water. The rising demand and popularity of products like turmeric latte and turmeric teas in regions such as North America and Western Europe are driving the growth of the segment. Also, a rise in the number of organized retailing outlets offering turmeric-based beverages, growing awareness of the health benefits of turmeric-based beverages, an increase in the number of product launches featuring turmeric as a key ingredient, and expanding millennial population base are contributing to the growth of the segment.

APAC will be the leading region, occupying 40% of the market share through the forecast period. The growing awareness of the health benefits of turmeric, increase in the number of organized retail outlets offering turmeric-based food and beverages and rise in the number of product launches featuring turmeric are driving the growth of the regional market. China, Japan, and India are the key markets for packaged turmeric-based beverages in APAC. Market growth in this region will be slower than the growth of the market in North America and Europe.

• Alvita Tea
• Bigelow Tea Co.
• Buddha Teas
• Diaspora Co.
• Gaia Herbs Inc.
• Gujarat Cooperative Milk Marketing Federation
• House Foods Group Inc.
• Keliff's
• Mother Dairy Fruit and Vegetable Pvt. Ltd.
• Numi Inc.
• ORGANIC INDIA Pvt. Ltd.
• Rishi Tea and Botanicals
• Senso Foods Pvt Ltd.
• The Turmeric Co.
• Traditional Medicinals
• Unilever PLC
• Vahdam Teas Pvt. Ltd.
• Yamang Bukid Healthy Products Inc.

• Curcumin Market by Application and Geography - Forecast and Analysis 2021-2025
• Organic Spices Market by Product, Distribution Channel, and Geography - Forecast and Analysis 2020-2024

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 17: Five forces analysis - Comparison between2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

• 5.1 Market segments
• Exhibit 24: Chart on Application - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Application - Market share 2021-2026 (%)

• 5.2 Comparison by Application 
• Exhibit 26: Chart on Comparison by Application
• Exhibit 27: Data Table on Comparison by Application

• 5.3 Health and wellness - Market size and forecast 2021-2026 
• Exhibit 28: Chart on Health and wellness - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Health and wellness - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Health and wellness - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Health and wellness - Year-over-year growth 2021-2026 (%)

• 5.4 Pharmaceutical - Market size and forecast 2021-2026 
• Exhibit 32: Chart on Pharmaceutical - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Pharmaceutical - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Pharmaceutical - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Pharmaceutical - Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by Application 
• Exhibit 36: Market opportunity by Application ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 38: Chart on Market share by geography 2021-2026 (%)
• Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 40: Chart on Geographic comparison
• Exhibit 41: Data Table on Geographic comparison

• 7.3 APAC - Market size and forecast 2021-2026 
• Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.4 North America - Market size and forecast 2021-2026 
• Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.5 Europe - Market size and forecast 2021-2026 
• Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.6 South America - Market size and forecast 2021-2026 
• Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026 
• Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 China - Market size and forecast 2021-2026 
• Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.10 Japan - Market size and forecast 2021-2026 
• Exhibit 70: Chart on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 7.11 Germany - Market size and forecast 2021-2026 
• Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.12 India - Market size and forecast 2021-2026 
• Exhibit 78: Chart on India - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on India - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on India - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on India - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography 
• Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 83: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 85: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 86: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 87: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 88: Matrix on vendor position and classification

• 10.3 Bigelow Tea Co.
• Exhibit 89: Bigelow Tea Co. - Overview
• Exhibit 90: Bigelow Tea Co. - Product / Service
• Exhibit 91: Bigelow Tea Co. - Key offerings

• 10.4 Buddha Teas
• Exhibit 92: Buddha Teas - Overview
• Exhibit 93: Buddha Teas - Product / Service
• Exhibit 94: Buddha Teas - Key offerings

• 10.5 Diaspora Co.
• Exhibit 95: Diaspora Co. - Overview
• Exhibit 96: Diaspora Co. - Product / Service
• Exhibit 97: Diaspora Co. - Key offerings

• 10.6 Gaia Herbs Inc.
• Exhibit 98: Gaia Herbs Inc. - Overview
• Exhibit 99: Gaia Herbs Inc. - Product / Service
• Exhibit 100: Gaia Herbs Inc. - Key offerings

• 10.7 House Foods Group Inc. 
• Exhibit 101: House Foods Group Inc. - Overview
• Exhibit 102: House Foods Group Inc. - Business segments
• Exhibit 103: House Foods Group Inc. - Key offerings
• Exhibit 104: House Foods Group Inc. - Segment focus

• 10.8 Keliffs
• Exhibit 105: Keliffs - Overview
• Exhibit 106: Keliffs - Product / Service
• Exhibit 107: Keliffs - Key offerings

• 10.9 Numi Inc.
• Exhibit 108: Numi Inc. - Overview
• Exhibit 109: Numi Inc. - Product / Service
• Exhibit 110: Numi Inc. - Key offerings

• 10.10 Rishi Tea and Botanicals 
• Exhibit 111: Rishi Tea and Botanicals - Overview
• Exhibit 112: Rishi Tea and Botanicals - Product / Service
• Exhibit 113: Rishi Tea and Botanicals - Key offerings

• 10.11 Traditional Medicinals 
• Exhibit 114: Traditional Medicinals - Overview
• Exhibit 115: Traditional Medicinals - Product / Service
• Exhibit 116: Traditional Medicinals - Key offerings

• 10.12 Unilever PLC
• Exhibit 117: Unilever PLC - Overview
• Exhibit 118: Unilever PLC - Business segments
• Exhibit 119: Unilever PLC - Key news
• Exhibit 120: Unilever PLC - Key offerings
• Exhibit 121: Unilever PLC - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 122: Inclusions checklist
• Exhibit 123: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 124: Currency conversion rates for US$

• 11.4 Research methodology
• Exhibit 125: Research methodology
• Exhibit 126: Validation techniques employed for market sizing
• Exhibit 127: Information sources

• 11.5 List of abbreviations 
• Exhibit 128: List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email:[email protected]
Website: www.technavio.com/

SOURCE Technavio