Global Turmeric Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026

MarketResearch.biz delivers in-depth insights on the global turmeric market in its upcoming report titled, “Global Turmeric Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026”. The global turmeric market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2026. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2026. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global turmeric market report has been segmented on the basis of type, application, distribution channel and region.

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Turmeric powder is a bright yellow powder prepared by dry grinding of mature turmeric rhizomes which is an underground stem.  It is a form of spice which contains almost no calories and zero cholesterol. It is rich in dietary fibre, iron, potassium, magnesium and vitamin B6. The powder is also used as a colouring agent in South Asian cuisines. The leaves of the turmeric plant also impart a distinct flavour. These leaves are used to wrap and cook food. The benefits of turmeric are largely due to its phytochemistry. The compounds in turmeric, called curcuminoids such as curcumin, demethoxycurcumin, and bisdemethoxycurcumin. It offers several advantages to human health and beauty. Turmeric also contains volatile oils namely turmerone, atlantone, and zingiberene. Other constituents of turmeric are proteins, resins, and sugars.

Increasing demand of turmeric owing to increasing use of turmeric in food industry is a key factor driving growth of the global turmeric market. In addition, growing demand for herbal cosmetics products coupled with increasing use of turmeric in cosmetic products are the other factors expected to fuel the market growth in the forecast period. Moreover, increasing consumer interest towards organic turmeric and increasing research and development in medical applications of turmeric are likely to drive market growth.

However, availability of various alternatives to turmeric in food and beverage industry such as food colours and, stringent import and export regulations imposed by government may restrain the market growth to a certain extent.

The increasing popularity of ethnic food is the new trend observed in the European countries. The spice market is expected to register significant growth in the European countries owing to shifting consumer interest towards ethnic taste. Another observed trend is rising demand for herbal products in European countries.

The market in Asia Pacific is expected to dominate the global turmeric market during the forecast period to wide application of turmeric extract in the region. Moreover, the market is expected to   witness continuous high demand for turmeric in developing economies, such as India and China owing to the growing awareness of turmeric health benefits.

Segmentation on the basis of type:

• Raw
• Processed

 Segmentation on the basis of application:

• Industrial
• Health and Personal Care Products
• Commercial
• Household

Segmentation on the basis of distribution channel:

• Direct Sales
• Indirect Sales

Segmentation on the basis of region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

• Hansen A/S
• Sabinsa Corporation
• Synthite Industries Ltd.
• Everest Spices
• ITC Limited
• Kancor Ingredients Limited.
• Roha Dyechem Pvt. Ltd
• Kalsec Inc
• Frutarom Industries Ltd.
• Vigon International Inc.