New York, March 29, 2023 (GLOBE NEWSWIRE) -- The revenues of the Turmeric Coffee Market were estimated at US$ 191 million in 2022 and are anticipated to grow at a CAGR of 7.4% from 2023 to 2033, according to a recently published Persistence Market Research report. By the end of 2033, the market is expected to reach a revenue of US$ 416 million. The U.S. is projected to be the largest market for turmeric coffee with a CAGR of 7.2% from 2023 to 2033.
Turmeric coffee is known for its potential health benefits, as turmeric contains a compound called curcumin, which has anti-inflammatory and antioxidant properties. It involves adding ground turmeric to a cup of brewed coffee, along with other ingredients such as honey, cinnamon, ginger, or black pepper.
Venture capital investments in the functional beverage industry have been steadily increasing over the past few years. In 2020, there were 189 deals with a total value of US$ 1.9 billion. The increase in venture capitalists, investments, and funding by the government helps the market growth.
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According to the International Agency for Research on Cancer (IARC), in 2020, over 19.3 million new cases of cancer were diagnosed worldwide. Curcuminoids in turmeric also have antioxidant properties; they inhibit the growth and proliferation of cancer cells in various types of cancer, including breast, lung, colon, and prostate cancer. The growing demand for turmeric products, which further expected to drive the growth of the turmeric coffee market.
In 2020, Laird Superfood had net sales of US$ 16.1 million; which is an increase by 174% from the previous year. The company's Turmeric Superfood products, which include a turmeric coffee creamer, are a significant part of its product lineup.
Competitive Analysis:
Key players in the market are Gaia Herbs, Ramini Bionutrition Pvt Ltd , Auric, Continental, VEDA5, EVORA GREENS, Starbucks, VitaCup, Vahdam, Quik Café, Four Sigmatic, Super Organics, Pride Of India, Golde, and Spice Drop.
A few of the recent developments in the Turmeric Coffee market are:
- In August 2020, Gaia Herbs launched a new line of gummy supplements, which are designed to be a convenient and delicious way to take herbal supplements.
- In March 2021, Auric announced the launch of two new functional beverages: Auric Cleanse, which is designed to support digestion and gut health, and Auric Hydrate, which is aimed at replenishing electrolytes and supporting hydration.
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More Insights Available
Persistence Market Research, in its new offering, presents an unbiased analysis of the Turmeric Coffee Market, presenting historical market data (2018-2022) and forecast statistics for the period from 2023 to 2033.
The study reveals extensive growth in Turmeric Coffee Market
- by Form (Loose Powder, Coffee Bags), by Distribution Channel (Supermarkets/Hypermarkets, Online Retail),
- by Region (North America, Latin America, Europe, Asia- Pacific, Middle East and Africa) - 2023 to 2033
- by region (North America, Latin America, Europe, Asia- Pacific, Middle East and Africa) - 2023 to 2033
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