Packaged Turmeric-Based Beverages Trends and Forecast
The future of the global packaged turmeric-based beverages market looks promising with opportunities in the hypermarkets and supermarket, specialty stores, and online markets. The global packaged turmeric-based beverages market is expected to reach an estimated $0.17 billion by 2030 with a CAGR of 3.7% from 2024 to 2030. The major drivers for this market are growing awareness towards medical advantage of turmeric and rising demand for organic turmeric-based beverages.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Packaged Turmeric-Based Beverages by Segment
The study includes a forecast for the global packaged turmeric-based beverages by product, category, distribution channel, and region.
Packaged Turmeric-Based Beverages Market by Product [Shipment Analysis by Value from 2018 to 2030]:
• Turmeric Tea
• Turmeric-based Juice
• Turmeric Functional Shots
• Turmeric Lattes
• Others
Packaged Turmeric-Based Beverages Market by Category [Shipment Analysis by Value from 2018 to 2030]:
• Organic
• Conventional
Packaged Turmeric-Based Beverages Market by Distribution Channel [Shipment Analysis by Value from 2018 to 2030]:
• Hypermarkets and Supermarket
• Specialty Stores
• Online
• Others
Packaged Turmeric-Based Beverages Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Packaged Turmeric-Based Beverages Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies packaged turmeric-based beverages companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the packaged turmeric-based beverages companies profiled in this report include-
• DunnÄX%$%Xs River Brands
• Gaia Herbs
• Unilever
• Heleys and Rishi Tea
• Traditional Medicinals
• Diaspora Tea and Herb Company
• R C Bigelow
• Buddha Teas
• Numi
• Just-C
Packaged Turmeric-Based Beverages Market Insights
Lucintel forecasts that turmeric tea is expected to witness the highest growth over the forecast period due to its numerous health benefits like boosting immunity and reducing inflammation.
Within this market, hypermarkets & supermarkets will remain the largest segment due to availability of larger product variety and broader customer base.
APAC is expected to witness highest growth over the forecast period due to high demand for products with perceived natural and functional benefits like turmeric and rising number of organized retail outlets offering turmeric-based food and beverages in the region.
Features of the Global Packaged Turmeric-Based Beverages Market
Market Size Estimates: Packaged turmeric-based beverages market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Packaged turmeric-based beverages market size by product, category, distribution channel, and region in terms of value ($B).
Regional Analysis: Packaged turmeric-based beverages market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different products, categories, distribution channels, and regions for the packaged turmeric-based beverages market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the packaged turmeric-based beverages market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the packaged turmeric-based beverages market size?
Answer: The global packaged turmeric-based beverages market is expected to reach an estimated $0.17 billion by 2030.
Q2. What is the growth forecast for packaged turmeric-based beverages market?
Answer: The global packaged turmeric-based beverages market is expected to grow with a CAGR of 3.7% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the packaged turmeric-based beverages market?
Answer: The major drivers for this market are growing awareness towards medical advantage of turmeric and rising demand for organic turmeric-based beverages.
Q4. What are the major segments for packaged turmeric-based beverages market?
Answer: The future of the packaged turmeric-based beverages market looks promising with opportunities in the hypermarkets and supermarket, specialty stores, and online markets.
Q5. Who are the key packaged turmeric-based beverages market companies?
Answer: Some of the key packaged turmeric-based beverages companies are as follows:
• DunnÄX%$%Xs River Brands
• Gaia Herbs
• Unilever
• Heleys and Rishi Tea
• Traditional Medicinals
• Diaspora Tea and Herb Company
• R C Bigelow
• Buddha Teas
• Numi
• Just-C
Q6. Which packaged turmeric-based beverages market segment will be the largest in future?
Answer: Lucintel forecasts that turmeric tea is expected to witness the highest growth over the forecast period due to its numerous health benefits like boosting immunity and reducing inflammation.
Q7. In packaged turmeric-based beverages market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to high demand for products with perceived natural and functional benefits like turmeric and rising number of organized retail outlets offering turmeric-based food and beverages in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the packaged turmeric-based beverages market by product (turmeric tea, turmeric-based juice, turmeric functional shots, turmeric lattes, and others), category (organic and conventional), distribution channel (hypermarkets and supermarket, specialty stores, online, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Packaged Turmeric-Based Beverages Market, Packaged Turmeric-Based Beverages Market Size, Packaged Turmeric-Based Beverages Market Growth, Packaged Turmeric-Based Beverages Market Analysis, Packaged Turmeric-Based Beverages Market Report, Packaged Turmeric-Based Beverages Market Share, Packaged Turmeric-Based Beverages Market Trends, Packaged Turmeric-Based Beverages Market Forecast, Packaged Turmeric-Based Beverages Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.