The Turmeric Market value is expected to reach USD 7548.80 million by the year 2033 at a CAGR of 5.50% during the forecast period.
MarketResearch.Biz provides in-depth insights into the Turmeric Market trends, applications, growth, and forecast: 2023-2033 in its upcoming report. According to market estimates. The report provides in-depth insights, revenue details, and other vital information about Turmeric products and services, as well as the various trends and drivers, restrictions, opportunities, threats, and opportunities in the target market until 2033. This report provides detailed and insightful information about the key players in the global market. It also includes financials, supply chain trends, and technological innovations. Future strategies and mergers are also covered. The market report is segmented by method, surgery, end user, and region.
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Turmeric Market Dynamics
The Turmeric Market is growing usage of turmeric in food & beverage products, personal care products, pharmaceuticals, cosmetics, and textiles.
Turmeric, a common spice, is derived from Curcuma longa’s root. It is high in curcumin, and curcuminoids, and is used to flavor and color many food products. The phytochemistry of turmeric plays an important role in health benefits. The ingredients in turmeric are known as curcuminoids, which include curcumin, demethoxycurcumin, and bisdemethoxycurcumin. These bioactive compounds have been shown to provide significant health benefits. It is a great substitute for saffron because it’s less expensive. It is used more often to flavor and add color to seafood, meat products, and rice dishes.
The global market is expected to grow due to rising demand for processed foods and beverages, as well as the growing use of turmeric as an ingredient in natural food flavoring.
Color is one of the first things that customers notice about a product. Colors are more than what the eye can see. As a result, clean-label products are increasingly needed. Many people are beginning to prefer natural colors in their products. Businesses of all sizes are also starting to notice this trend. Organic food are more desirable because they offer health benefits. Organic turmeric is preferred by consumers who want to fully benefit from turmeric’s healing properties. The recent shifts in consumer preferences and the growing awareness of the benefits of natural and organic ingredients in food, cosmetics, and medicine will boost turmeric demand over the forecast period. Market demand is expected to rise due to the increasing use of turmeric in cosmetics and the rising demand for herbal cosmetics.
Turmeric, like other plant-based ingredients, is rich in phytonutrients. These antioxidants protect the body by eliminating free radicals (pollution and sunlight) that cause cell damage. There has been evidence that turmeric is associated with a lower chance of developing heart disease and cancer. The projection period will see an increase in turmeric adoption by the pharmaceutical industry. Turmeric is used in many pharmaceutical products due to its antiseptic and antibacterial properties. Numerous studies have shown that turmeric is effective in managing inflammatory and oxidative conditions such as arthritis, hyperlipidemia, and metabolic syndrome. This will provide lucrative growth opportunities to turmeric suppliers and manufacturers. Turmeric can also be used to treat a variety of skin conditions, such as colds, stomach problems, and coughs. The market will grow rapidly due to growing awareness of the many health benefits of turmeric.
The Report’s Key Benefits
• This study provides an analytical portrayal of the Turmeric market industry, along with current trends and future estimates to determine the likely investment pockets.
• This report provides information about key drivers, restrictions, and opportunities, as well as a detailed analysis of the Turmeric Market share.
• To highlight the Turmeric market growth scenario, we quantitatively analyze the current market.
• Porter’s Five Forces Analysis illustrates the power of buyers and suppliers in the market.
• The report includes a detailed Turmeric Market analysis that is based on competition intensity and how it will shape over the next few years.
What Key Data are Included in the Turmeric Market Report?
• Market CAGR during the forecast period
• Information on the factors driving the growth of the Turmeric market between 2023-2033
• A precise estimation of the market size for Turmeric and its contribution to parent market
• Exact predictions of upcoming trends and changes to consumer behavior
• Industry growth across APAC, Europe, and North America.
• An in-depth analysis of the market’s competition and details about vendors
• A comprehensive analysis of the factors that will hinder the growth of Turmeric market vendors
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Report Scope
| Report Attribute | Details |
| Market size value in 2023 | USD 4419.3 million |
| Revenue forecast by 2033 | USD 7548.80 million |
| Growth Rate | CAGR of 5.50% |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of the World |
| Historical Years | 2017-2022 |
| Base Year | 2022 |
| Estimated Year | 2023 |
| Short-Term Projection Year | 2028 |
| Long-Term Projected Year | 2033 |
Key Market Players included in the Turmeric report:
• 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.
Market Segmentation:
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
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FAQ:
• Who are the top market players in the Turmeric Market?
• Which current trends will impact the market over the next few years.
• What are the market’s driving factors, constraints, and opportunities?
• What future projections could help us take further strategic steps?
• What is Turmeric Market prediction for the future?
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