Abstract:
People around the world have been facing urgent health issues from the COVID-19 pandemic that influences people to raise health awareness. Also, this situation becomes an opportunity for herbal products. Hence, to serve the consumer health trends as well as value-added herbal products, this study aims to study commercial feasibility of encapsulated curcumin in milk product by identifying proper marketing strategy. This study applied conjoint analysis which can verify overall marketing mix aspects. Collect the data for 100 respondents. According to the result, the most preferable market strategy is ready to drink milk added curcumin extract to provide antioxidant benefit to promote anti-ageing and reduce skin inflammation with microencapsulation technology to increase curcumin extract absorption for highly efficacy selling in offline and online channels for 25 baht. Per 180 ml. In term of financial feasibiity study, Innitial investment at 1,590,000 baht. It was found that in the narmal case (Base case), The business yields return on the net present value (NPV) showed positive value of 783,980 baht., Where internal reture rate(IRR) was greater than the business financial cost at 26% and payback period at 2.91 years. Hence, The product "ready to drink milk added curcumin extract with microencapslation technology" has a potential of commercialization.