Core Viewpoint - Turmeric, particularly its active compound curcumin, has significant health benefits, including anti-inflammatory properties and potential cancer-fighting abilities, yet its application in the beverage industry remains limited due to flavor and perception issues [2][10][28] Group 1: Turmeric's Properties and Applications - Turmeric is a key ingredient in curry and is known for its strong anti-inflammatory effects, which contribute to its health benefits [2] - The chemical structure of curcumin suggests it has properties similar to antimicrobial drugs, indicating its potential in health applications [4] - Turmeric's coloring ability is significantly stronger than that of artificial lemon yellow, making it a valuable natural colorant [7] Group 2: Perception and Usage in Beverages - Despite its advantages, turmeric is often overlooked in the beverage industry, where artificial colorants are preferred due to the perception of turmeric being "too earthy" [9][10] - The flavor profile of turmeric, characterized by earthy and woody notes, contrasts sharply with the floral and fruity flavors typically found in beverages, making it challenging to incorporate [12][14] - Turmeric coffee has emerged as a more accepted application, with various preparation methods being explored, although the flavor integration remains a work in progress [17][19] Group 3: Future Opportunities - There is potential for turmeric to be paired with savory ingredients in beverages, such as protein-rich foods and sulfur-containing fruits, to enhance its appeal [22][24] - The beverage industry is poised for innovation with spices like turmeric, which could lead to significant market opportunities if successful pairings are identified [28]

Group 1: Company Overview and Market Position - The company is focused on the replacement of synthetic colorants with natural colorants, which presents significant opportunities for the natural colorant industry [2][3] - The company has established subsidiaries in India, Zambia, and Myanmar for capacity expansion and raw material processing [2][4] - The company currently has no refinancing needs but will disclose any future requirements promptly [3] Group 2: Product Development and Competitive Advantage - The company emphasizes enhancing its technical advantages, cost advantages, and solution-providing capabilities to maintain product competitiveness [3] - New product developments include ginger yellow pigment, with ongoing trials to improve processes and reduce costs [4][5] - The company is addressing the stability issues of natural colorants to facilitate their replacement of synthetic colorants [3][4] Group 3: Market Dynamics and Financial Performance - The market for natural colorants replacing synthetic colorants is expected to evolve gradually, with a need for several years to reach a balance between supply and demand [3][4] - The company aims to capture a larger market share, particularly in products like capsicum red and lutein, while tomato lycopene will depend on cost reductions and market demand [3][4] - The company has seen significant improvements in gross margins for capsicum red due to reduced raw material costs [4][5] Group 4: Strategic Initiatives and Future Plans - The company plans to expand its health food business through partnerships, leveraging its technical and production strengths [6][7] - The company is exploring the application of plant-based gels in the health food sector [7] - The company is focused on building raw material strategic bases in countries like Myanmar, India, and Zambia to enhance cost advantages [7]