PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1420436
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1420436
Fairfield Market Research, a leading market analysis firm, has released a comprehensive report on the Turmeric Coffee Market, projecting an impressive growth trajectory for the industry. According to the report, the global sales of Turmeric Coffee in 2024 reached US$ 210 Million, and it is expected to soar to a valuation of US$ 400 million by the end of the forecast period. The analysis identifies Loose Powder as the highest revenue-generating type in the Turmeric Coffee Market from 2024 to 2031.
Key Drivers Fueling Turmeric Coffee Market Expansion
Region-Wise Analysis: North America's Prominence
In the regional analysis, North America emerges as a prominent market for turmeric coffee. The market size in 2024 reflects this prominence, and it is projected to reach a market worth of US$ 170 million by 2031. This growth can be attributed to various factors, including the rising obesity rate in Canada, where over 28.2% of adults aged 18 and older were considered obese in 2020. This has shifted the focus from regular caffeinated beverages to functional caffeinated beverages like turmeric coffee, further propelling its demand in the region.
The Turmeric Coffee Market is poised for remarkable growth, driven by consumer preferences for health-conscious and natural products. The report's findings underscore the market's potential and its promising future prospects.
The United States market is set to experience substantial growth, with a strong absolute dollar increase projected from 2024 to 2031. Market growth from 2019 to 2023 exhibited a healthy trend, and this growth is expected to further accelerate from 2024 to 2031. The National Coffee Association reports widespread coffee consumption, with a significant portion of American adults enjoying coffee daily. The growing number of coffee enthusiasts is a significant driver of market expansion.
The United Kingdom's turmeric coffee market is expected to see notable growth, reaching a substantial valuation by 2031. Market performance from 2019 to 2023 showed positive growth, and this upward trajectory is projected to continue from 2024 to 2031. With a significant portion of the population affected by lifestyle-related health issues, the active ingredient in turmeric, curcumin, is gaining attention for its potential health benefits, influencing market growth.
China's turmeric coffee market is poised for expansion, with strong growth potential. The market is expected to achieve a significant valuation, with substantial absolute dollar growth by 2031. Market performance from 2019 to 2023 demonstrated steady growth, and this upward trend is forecasted to persist from 2024 to 2031. With a sizable coffee-drinking population and a growing emphasis on healthy living, turmeric coffee aligns well with consumer preferences, contributing to market growth. Additionally, China's coffee production and consumption numbers further drive this trend.
Japan, renowned for its thriving coffee market, is expected to witness growth in the turmeric coffee sector. By 2031, the market is projected to reach a significant valuation, with substantial absolute dollar growth. Market performance from 2019 to 2023 displayed steady progress, and this growth is anticipated to continue from 2024 to 2031. As consumer preferences shift towards coffee over tea, coupled with a rising demand for organic beverages driven by health-conscious consumers, the market in Japan experiences positive growth. In 2021, Japan's coffee consumption numbers underpin this trend.
The turmeric coffee market in India is expected to see growth, reaching a notable valuation by 2031. Market performance from 2019 to 2023 displayed a positive trend, and this upward trajectory is projected to persist from 2024 to 2031. With a significant portion of the population affected by arthritis, curcumin in turmeric, known for its potential to alleviate inflammation and pain associated with arthritis, is quietly influencing market growth in the country.
Key players in the market are Gaia Herbs, Ramini Bionutrition Pvt Ltd, Auric, Continental, VEDA5, EVORA GREENS, Starbucks, VitaCup, Vahdam, Quik Cafe, Four Sigmatic, Super Organics, Pride Of India, Golde, and Spice Drop.