The global demand for Turmeric Market is presumed to reach the valuation of nearly USD XX MN by 2027 from USD XX MN in 2020 with a CAGR of XX% under the study period of 2021 - 2027. Whereas with regards to volume, the market was calculated XX Kilo Tons in 2020 and foreseen to touch XX Kilo Tons by 2027 with a CAGR of XX% during 2021-2027.
Turmeric, also referred to as Curcuma longa, is a subspecies of the Curcuma genus from Zingiberaceae family. It has multiple therapeutic properties, such as anti-inflammatory, antioxidant, and cancer prevention. It has been used in Ayurveda medicine for various conditions such as inflammation, ulcers, diabetes, diarrhea, liver disease, and different skin conditions, including insect bites, chickenpox, and itching. Besides, turmeric is used as a spice and a colorant in foods, cosmetics, and textiles.
The global turmeric market is projected to grow at a robust rate during the forecast timeframe. The global turmeric market is promising for suppliers in emerging countries. The growing importance of turmeric in Ayurveda and the food industry is anticipated to drive the market growth. Growing applications of turmeric in the cosmetic sector create an opportunity for suppliers. The cosmetic industry is increasingly making turmeric used as an active compound in skin care preparations because of its antioxidant, anti-inflammatory, and anti-aging activity. Turmeric possesses many health benefits that meet the needs of Asian and European consumers. India is the largest turmeric producer, followed by China, Indonesia, Bangladesh, Myanmar, and Vietnam. India alone produces 70- 75% of the world total production. However, turmeric is not yet widely used in Western medicines due to inadequate knowledge about its benefit. This is anticipated to hamper the market growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of turmeric.
The entire turmeric market has been sub-categorized into type, grade and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Health & Personal Care Products
This section covers regional segmentation which accentuates on current and future demand for turmeric market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Europe Turmeric Market By Revenue (USD MN)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the turmeric market include Windcrest Farm, Oregon Wild Harvest, Organic Wise, Naturex S.A., Jacarandas International, Mountain Rose Herbs, NHR Organic Oils, Kauai Organic Farms, Feel Good Organics, Spicely Organics, Aryan International, Turmeric Australia. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.