Published Date: May 2024
Turmeric market is expected to register moderate growth over the forecast period. This is attributed to increasing adoption of turmeric in food industry, coupled with rising utilization of turmeric in medicine as well as in cosmetics.Turmeric Market accounted for US$ 64.53 million in 2020 and is estimated to be US$ 191.94 million by 2030 and is anticipated to register a CAGR of 11.5%.
The report "Turmeric Market, by Type (raw and Processed), by Application (Industrial, Health and Personal Care Products, Commercial, and Household), by Distribution Channel (Direct Sales and Indirect Sales), and Region - Forecast to 2030"
Key Highlights:
- On November 2018, Gaia, Inc launched organic turmeric granules. These granules are natural, containing no pesticides and additives, and has a high Curcumin content.
- In September 2017, Arya announced that ARYA Turmeric Sparkling Water, the world’s first curcumin-infused Sparkling Water is now available at over 2,400 select Drug Channel stores nationwide.
Key Market Insights from the report:
Turmeric Market accounted for US$ 64.53 million in 2020 and is estimated to be US$ 191.94 million by 2030 and is anticipated to register a CAGR of 11.5%.The market report has been segmented on the basis of type, application, distribution channel, and region.
- By type, the processed turmeric type is segment accounted for major revenue share in 2018, owing to increasing adoption of turmeric in food sector, cosmetics, and medicine.
- By application, the turmeric market is categorized into industrial, health and personal care products, commercial, and household.
- By distribution channel, the turmeric market is bifurcated into direct sales and indirect sales.
- By region, The Europe turmeric market is expected to account for major share in terms of revenue in the turmeric market and is further anticipated to maintain its dominance over the forecast period, owing to increasing demand for personal care, beauty products, and health supplements in the countries of the region. The Asia Pacific turmeric market is expected to dominate the turmeric market during the forecast period in 2018.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on " Turmeric Market”, by Type (raw and Processed), by Application (Industrial, Health And Personal Care Products, Commercial, and Household), by Distribution Channel (Direct Sales and Indirect Sales), and by Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa)- forecast till 2030
The prominent player operating in the turmeric market includes Mountain Rose, Inc., Naturex S.A., Feel Good Foods Inc., Organic Farm Share Ltd., Gaia, Inc., Windcrest Farm, Organic Spices Inc., Arya, Wild Harvest Ltd, and Aryan International.
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