The global demand for Turmeric Powder Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Turmeric, also called Curcuma longa, is a spice widely cultivated in southern Asia. The powder is a major ingredient in curry powders and pastes. Further, it is used in cooking to add colour and flavour to rice dishes, pickles, seafood, and others. In addition, it is popularly used to make colourants for food products & textiles, cosmetic products, and medicines. Often, turmeric is used as an alternative to saffron, as it is less expensive and provides a similar yellow colour. Moreover, it is also used as a home remedy to cure cough, cold, and stomach issues. Furthermore, it aids in preventing cardiac diseases, delaying ageing, improving brain functioning, fighting inflammation, and boosting the body's antioxidant ability.
Market Dynamics
The major factors driving the turmeric market include the numerous uses of turmeric in food, cosmetics, and home treatments and the growing popularity of the powder as an ingredient for ethnic cuisine. During the projection period, turmeric use in herbal food supplements and the rise in the trend of healthy living are expected to have great potential for market advancement. However, the natural pigment curcumin, which gives turmeric its yellow colour, is fragile and deteriorates when exposed to light. This may limit the turmeric market. On the other hand, the movement in consumer preference toward cosmetics made with natural components like turmeric is anticipated to fuel market expansion. The packaging of turmeric with UV protection, which prevents the colour from fading, also contributes to the market's growth.
The research 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 an inclusive assessment of each segment in the global market of turmeric powder. The growth and trends of turmeric powder industry provide a holistic approach to this study.
Market Segmentation
This section of the turmeric powder market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Madras Turmeric Powder
- Alleppey Turmeric Powder
- West Indian Turmeric Powder
- Others
By Application
- Food And Beverages Processing
- Health And Personal Care Products
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Turmeric Powder market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Turmeric Powder Market Share by Region (Representative Graph)
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 powder market include Chr. Hansen A/S, Sabinsa Corporation, Synthite Industries Ltd., Ungerer & Company, Sensient Technologies Corporation, Naturex S.A., Kancor Ingredients Limited., DDW The Colour House, BOS Natural Flavors (P) Limited, Roha Dyechem Pvt. Ltd, ITC Limited, McCormick & Comp, Everest Spices, Kalsec Inc, Archer Daniels Midland Company, Universal Oleoresins, Ungerer & Company., Vigon International Inc., Frutarom Industries Ltd. This section consists of 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.
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