Global Turmeric Milk Mix Market Size To Worth USD 245.5 Million By 2033 | CAGR of 5.87%
Category: Consumer GoodsGlobal Turmeric Milk Mix Market Size To Worth USD 245.5 Million By 2033
According to a research report published by Spherical Insights & Consulting, the Global Turmeric Milk Mix Market Size is to Grow from USD 138.8 Million in 2023 to USD 245.5 Million by 2033, at a Compound Annual Growth Rate (CAGR) of 5.87% during the projected period.
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Browse key industry insights spread across 240 pages with 110 Market data tables and figures & charts from the report on the "Global Turmeric Milk Mix Market Size, Share, and COVID-19 Impact Analysis, By Nature (Organic and Conventional), By Packaging (Single-serve Packets, Jars/Bottles, Cans, and Others), By Distribution Channel (Hypermarkets & Supermarkets, Convenience Stores, Online, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/turmeric-milk-mix-market
Turmeric's ingredient curcumin contains antioxidant and anti-inflammatory properties that enhance overall health and well-being. Turmeric milk is generally high in antioxidants. Antioxidants protect the organism from oxidative stress by preventing cell damage. It has been shown that eating a diet high in antioxidants reduces the incidence of infections and diseases. Studies have shown that consuming large amounts of turmeric reduces inflammation in the joints. Turmeric milk also contains ginger, cinnamon, and curcumin all of which have potent anti-inflammatory properties. However, another driving element is the growing acceptance of plant-based products. With the rise in veganism and lactose intolerance, turmeric milk mixes are increasingly produced with plant-based milk substitutes to appeal to a wider consumer base. Furthermore, the main obstacle impeding the market for turmeric milk mixes it could exacerbate kidney stones that a person has already acquired.
The conventional segment accounted for the largest revenue share of the turmeric milk mix market during the projected timeframe.
Based on the nature, the turmeric milk mix market is divided into organic and conventional. Among these, the conventional segment accounted for the largest revenue share of the turmeric milk mix market during the projected timeframe. Conventional turmeric milk powder is more accessible and holds a greater market share in grocers, regular supermarkets, and online sellers. Because of this extensive distribution network, standard products are more easily accessible to people, which increases their convenience and availability. Traditional turmeric milk powder's widespread availability stimulates more frequent purchases and raises demand.
The single-serve packets segment is anticipated to grow at the highest CAGR of the turmeric milk mix market during the projected timeframe.
Based on the packaging, the turmeric milk mix market is categorized into single-serve packets, jars/bottles, cans, and others. Among these, the single-serve packets segment is anticipated to grow at the highest CAGR of the turmeric milk mix market during the projected timeframe. Single-serve packages make it quick and simple to consume turmeric milk without the need for additional preparation or measuring. The simplicity of use of this product appeals to time-constrained consumers seeking quick and easy methods to implement healthy habits into their daily lives.
The hypermarkets & supermarkets segment is expected to hold the highest market share of the turmeric milk mix market during the projected timeframe.
Based on the distribution channel, the turmeric milk mix market is divided into hypermarkets & supermarkets, convenience stores, online, and others. Among these, the hypermarkets & supermarkets segment is expected to hold the highest market share of the turmeric milk mix market during the projected timeframe. Supermarkets and hypermarkets stock a wide variety of turmeric milk powder brands, flavors, and formulations under one roof. Customers can rapidly analyze products and make decisions based on their preferences, dietary needs, or health goals owing to this diversity. The range of options increases customer satisfaction and encourages repeat purchases.
North America is expected to hold the largest share of the turmeric milk mix market over the forecast period.
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North America is expected to hold the largest share of the turmeric milk mix market over the forecast period. Turmeric's dominance in North America is due to the region's growing recognition of its health benefits, such as its capacity to reduce inflammation, enhance immunity, and function as an antioxidant. Turmeric milk mix is a perfect match for North American customers' growing preference for functional foods and drinks that offer health benefits beyond plain sustenance. Businesses are continually developing new turmeric milk mix flavors, recipes, and convenient container solutions. Prominent marketing tactics, such as celebrity and health influencer endorsements, have also contributed significantly to the turmeric milk mix's appeal.
Asia Pacific is predicted to grow at the fastest pace in the turmeric milk mix market during the projected timeframe. This rise is being driven by Asia-Pacific countries, which have long used turmeric in their daily cooking, and also traditional medical systems such as Ayurvedic and Traditional Chinese Medicine. Customers are inclined to accept turmeric milk mix as a healthful addition to their meals because of its cultural acceptance and familiarity. As health and wellness consciousness grows, consumers in Asia-Pacific are discovering more about the benefits of functional foods.
Major vendors in the turmeric milk mix market include Vapika Zanetine, Sweet Karam Coffee, Biomax Life Sciences Ltd., Gaia Herbs, Organic India, Turmaquik, VAHDAM, Earth Expo Company, ITC Spices, Nani Agro Foods, Empire Spices & Foods Limited (Ram Bandhu), Nutriorg, Four Sigmatic, Garden of Life, and others.
Recent Developments
- In July 2023, Herby Angel, an Ayurvedic, and organic children's care firm, revealed a new line of organic milk mixes with a greater emphasis on nutrition for young consumers. The new types are SuperGro Growth and Immunity Booster with Moringa and SuperGro Brain Booster with Ragi and Amaranth. These blends stand out because they are free of trans fats, artificial coloring, processed sugars, and preservatives.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the turmeric milk mix market based on the below-mentioned segments:
Global Turmeric Milk Mix Market, By Nature
- Organic
- Conventional
Global Turmeric Milk Mix Market, By Packaging
- Single-serve Packets
- Jars/Bottles
- Cans
- Pouches
Global Turmeric Milk Mix Market, By Distribution Channel
- Hypermarkets & Supermarkets
- Convenience Stores
- Online
- Others
Global Turmeric Milk Mix Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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