LONDON--(BUSINESS WIRE)--The packaged turmeric-based beverages market is expected to post a CAGR of nearly 21% during the period 2018-2022, according to the latest market research report by Technavio.
A key factor driving the growth of the market is the health benefits of turmeric. Turmeric-based beverages are primarily consumed due to their impact on inflammatory diseases. Some of the health benefits associated with turmeric are easing arthritis-induced inflammation and swelling, it also reduces synaptic marker loss and the accumulation of amyloids linked to the development of Alzheimer’s. Turmeric also helps in cancer prevention. Thus, with such benefits, the packaged turmeric-based market is expected to grow steadily during the forecast period.
This market research report on the packaged turmeric-based beverages market 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
In this report, Technavio highlights the growing influence of veganism as one of the key emerging trends in the global packaged turmeric-based beverages market:
Global packaged turmeric-based beverages market: growing influence of veganism
With consumers preferences shifting from the consumption of meat-based food products to vegan food products, increasing number of consumers are adopting vegan diets owing to the health benefits associated with the consumption of vegan and plant-based foods. Veganism has transformed into a lifestyle choice which is expected to have a positive impact on the adoption and purchase of turmeric-based beverages such as golden milk, juices, elixirs, and teas.
“The increasing number of innovative product launches had been boosting the market since the last decade. The rise in demand for turmeric-based food and beverages in various countries is leading vendors to continually launch innovative products and support veganism” says a senior analyst at Technavio for research on non-alcoholic beverages.
Global packaged turmeric-based beverages: Segmentation analysis
This market research report segments the global packaged turmeric-based beverages market by application (health and wellness and pharmaceutical) and geographical regions (APAC, EMEA, and the Americas).
In 2017, the APAC region dominated the market with a market share of more than 40%, followed by the Americas and EMEA respectively. Although the APAC region was dominating in the year 2017, the Americas is expected to see a significant increase in its revenue due to turmeric milk and turmeric teas experiencing high demand in the US, Mexico, Argentina, Canada, and Brazil. In fact, the market share of the Americas is expected to surpass that of APAC by 2022.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market sizing
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
About Technavio
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 10,000 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.
If you are interested in more information, please contact our media team at media@technavio.com.
