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Packaged Turmeric-based Beverages Market by Application and Geography - Forecast and Analysis 2022-2026

  • Published: Apr 2022
  • Pages: 132
  • SKU: IRTNTR73048
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The packaged turmeric-based beverages market share is expected to increase by USD 446.08 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 11.75%.

This packaged turmeric-based beverages market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers packaged turmeric-based beverages market segmentation by application (health and wellness and pharmaceutical) and geography (APAC, North America, Europe, South America, and Middle East and Africa). The packaged turmeric-based beverages market report also offers information on several market vendors, including 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., and Yamang Bukid Healthy Products Inc. among others.

What will the Packaged Turmeric-based Beverages Market Size be During the Forecast Period?

Packaged Turmeric-based Beverages Market Size

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"Japan had the largest share in the packaged turmeric-based beverages market in APAC."

Packaged Turmeric-based Beverages Market: Key Drivers, Trends, and Challenges

The health benefits of turmeric is notably driving the packaged turmeric-based beverages market growth, although factors such as the increase in demand for substitute products may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the packaged turmeric-based beverages industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Packaged Turmeric-based Beverages Market Driver

The health benefits of turmeric is one of the key drivers supporting the packaged turmeric-based beverages market growth. Turmeric has more than 300 bioactive antioxidant compounds, with curcumin being the most predominant. Furthermore, turmeric-based beverages are primarily consumed due to their impact on inflammatory diseases. Moreover, usually, a standard-size turmeric drink contains 10 gm of turmeric, which, in turn, contains 300 mg of curcumin. The health benefits of turmeric-based products include the strong anti-inflammatory properties of turmeric help in easing arthritis-induced inflammation and swelling. Curcumin, one of the active compounds in turmeric drinks, helps in reducing pain in people with osteoarthritis. Consumption of turmeric-based beverages can reduce synaptic marker loss and the accumulation of amyloids linked to the development of Alzheimer's. Such health benefits will drive the packaged turmeric-based beverages market growth during the forecast period.

Key Packaged Turmeric-based Beverages Market Trend

The growing demand for vegan and sugar-free turmeric-based beverages is one of the key packaged turmeric-based beverages market trends that is contributing to the market growth. Veganism has transformed into a lifestyle and is looked upon as a healthy diet. This has a positive impact on the adoption and purchase of turmeric-based beverages like golden milk, juices, elixirs, and teas. Veganism is picking up progressively among consumers around the globe. It strongly favours animal rights and is concerned for the environment. Consumers embracing veganism are making conscious efforts to refrain from products of animal origin. These consumers prefer healthy and even flavored powder alternatives to dairy, meat, and other conventional sources of protein. They consider a vegan diet or a fruit-based diet to be healthier than a meat-based diet. Such considerations are propelling the market growth.

Key Packaged Turmeric-based Beverages Market Challenge

The increase in demand for substitute products is one of the factors hindering the packaged turmeric-based beverages market growth. Packaged turmeric-based beverages are mostly used for their health benefits, which are also offered by other superfoods like hemp, chia, quinoa, and acai berry. Hemp is the source of two types of proteins such as edestin and albumin. They are also known as globular proteins, which easily dissolve in the body. Hemp-based food products contain a high concentration of two essential fatty acids (EFAs), such as omega-3 and omega-6. Thus, the demand for hemp-based food products as superfoods has witnessed a significant increase in recent years. These fatty acids are necessary for tissue growth and metabolism. Such an increase in demand for substitutes will limit the packaged turmeric-based beverages market growth during the forecast period.

This packaged turmeric-based beverages market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global packaged turmeric-based beverages market as a part of the global soft drinks market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the packaged turmeric-based beverages market during the forecast period.

Market Overview

The global soft drinks market covers segments such as carbonated beverages, juices and juice concentrates, bottled water, functional beverages, sports drinks, and others (including plant-based beverages, prebiotic and probiotic drinks, soy-based drinks, dairy-based drinks, and specialty drinks). Technavio calculates the global soft drinks market size based on the combined revenues generated by manufacturers of soft drinks. It excludes revenue generated from sales of soft drinks dispensing equipment. 

Who are the Major Packaged Turmeric-based Beverages Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • 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.

 

This statistical study of the packaged turmeric-based beverages market encompasses successful business strategies deployed by the key vendors. The packaged turmeric-based beverages market is fragmented and the vendors are deploying growth strategies such as price, quality, innovation, service, packaging, brand image, distribution, and promotion to compete in the market.

Product Insights and News

  • Bigelow Tea Co. - Through the unified segment, the company offers flavored teas of different types and tea gifts.
  • Bigelow Tea Co. - The company offers packaged turmeric-based beverages that include bigelow, botanicals, steep by bigeow, steep cafe, Charleston tea garden. 

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The packaged turmeric-based beverages market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Packaged Turmeric-based Beverages Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the packaged turmeric-based beverages market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Packaged Turmeric-based Beverages Market?

Packaged Turmeric-based Beverages Market Market segmentation by region

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40% of the market's growth will originate from APAC during the forecast period.  China, Japan, and India are the key markets for packaged turmeric-based beverages market in APAC. Market growth in this region will be slower than the growth of the market in North America and Europe.

The growing awareness of the health benefits of turmeric will facilitate the packaged turmeric-based beverages market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the COVID-19 pandemic negatively impacted the regional packaged turmeric-based beverages market. However, in 2021, the number of COVID-19 cases in the region declined due to the introduction of vaccines. This has led to the lifting of COVID-19-related restrictions and the reopening of supermarkets, hypermarkets, and grocery stores in the region, which has rebounded the demand for packaged turmeric-based beverages. Thus, such factors are expected to drive the growth of the regional market during the forecast period.

What are the Revenue-generating Application Segments in the Packaged Turmeric-based Beverages Market?

Packaged Turmeric-based Beverages Market Segmentation

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The packaged turmeric-based beverages market share growth in the health and wellness segment will be significant during the forecast period. The growth of the health and wellness segment is primarily driven by the rising demand and popularity of products like turmeric latte and turmeric teas in regions such as North America and Western Europe. Moreover, the rise in the number of organized retailing outlets offering turmeric-based beverages, growing awareness of the health benefits of turmeric-based beverages, increase in the number of product launches featuring turmeric as a key ingredient, and expanding millennial population base are the major drivers that will positively impact the growth of the health and wellness segment during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the packaged turmeric-based beverages market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Packaged Turmeric-based Beverages Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 11.75%

Market growth 2022-2026

$ 446.08 million

Market structure

Fragmented

YoY growth (%)

10.67

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 40%

Key consumer countries

US, China, Japan, India, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

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., and Yamang Bukid Healthy Products Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

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What are the Key Data Covered in this Packaged Turmeric-based Beverages Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive packaged turmeric-based beverages market growth during the next five years
  • Precise estimation of the packaged turmeric-based beverages market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the packaged turmeric-based beverages industry across APAC, North America, Europe, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of packaged turmeric-based beverages market vendors

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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

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Packaged Turmeric-based Beverages market growth will increase by $446.08 million during 2022-2026.
              The packaged turmeric-based beverages market is expected to grow at a CAGR of 11.75% during 2022-2026.
              Technavio has segmented the packaged turmeric-based beverages market by application (Health and wellness and Pharmaceutical) and geographic (APAC, North America, Europe, South America, and Middle East and Africa).
              Alvita Tea, Bigelow Tea Co., Buddha Teas, Diaspora Co., Gaia Herbs Inc., Gujarat Cooperative Milk Marketing Federation, House Foods Group Inc., Keliffs, 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. are a few of the key vendors in the packaged turmeric-based beverages market.
              APAC will register the highest growth rate of 40.32% among the other regions. Therefore, the packaged turmeric-based beverages market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the packaged turmeric-based beverages market growth are:
              • Health benefits of turmeric
              • Growing demand for vegan, and sugar-free turmeric-based beverages
              The packaged turmeric-based beverages market vendors should focus on grabbing business opportunities from the health and wellness segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
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              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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