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, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

Report Code: PMI83819 | Publish Date: July 2023 | No. of Pages: 178

Global Turmeric Market By Type Overview

Introduction:

Turmeric is rhizome an underground stem, bright yellow colored, and after grinding the turmeric rhizome dry turmeric powder obtained. Turmeric is rich in dietary fibre, iron, potassium, magnesium, and vitamin B6. The powder is used as a coloring agent in South Asian cuisines. The leaves of the turmeric plant also impart a distinct flavor. Turmeric is used in ayurvedic medicine, for many conditions, such as breathing problems, rheumatism, serious pain, and fatigue. Turmeric is used as a common spice and a major ingredient in curry powder. Turmeric’s primary active ingredients are curcuminoids which are yellow in color and used to color foods and in cosmetics. The Global 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%.

Global Turmeric Market By Type Dynamics

                                         

 Increasing adoption of turmeric in food industry

Increasing adoption of turmeric in food industry due to its medical beneficial properties is major factor driving growth of the global turmeric market. For instance, according to data published by the United States Department of Agriculture (USDA) National Nutrient Database, one tablespoon of turmeric powder contains 29 calories, 0.91 grams (g) of protein, 0.31 g of fat, 6.31 g of carbohydrates, 2.1 g of fiber, and 0.3 g of sugar. In addition, rising utilization of turmeric in medicine, owing its excellent anti-inflammatory, antimicrobial, antioxidant, and anti-neoplastic properties is also expected to propel the growth of target market.  For instance, according to data published by National Center of Biotechnology, over US$ 650Mn is spent on botanical supplements means turmeric that are used for chronic inflammatory diseases such as chronic obstructive airways disease (COPD), asthma, and rheumatoid arthritis. Furthermore, growing utilization of turmeric in cosmetics product is another factor fuel growth of the global turmeric market.

However, alternatives of turmeric available in food sector may hamper growth of the target market.

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Global Turmeric Market By Type Segmentation

                                

The global turmeric market on the basis of type, application, distribution channel, and region.

On the basis of type, the target market is segmented into raw and processed. The processed turmeric type is expected account for major share in the global turmeric marker over the forecast period. This is owing to increasing demand for processed turmeric in food sector. On the basis of application, the global turmeric market is categorized into industrial, health and personal care products, commercial, and household. On the basis of distribution channel, the target market is bifurcated into direct sales and indirect sales.

Regional Insights:

                                   

For detailed understanding of market dynamics, the global turmeric market is analyzed across key regions viz North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Each of these regions is analyzed on the basis of market findings across major countries in these regions for a macro-level understanding of the global turmeric market. The Europe turmeric market is expected to account for major share in terms of revenue in the global turmeric market over the forecast period. This is attributed to increasing demand for turmeric in health sector and food sector in the European countries. The Asia Pacific turmeric market is expected to highest growth rate in the global turmeric market during the forecast period. This is owing to growing awareness of turmeric health benefits in turns increases demand for turmeric in the countries such as India and China of the region. For instance, according to data published by Food and Agricultural Organization of United States, The United States imports of 97% of turmeric from India, and the rest is supplied by the islands of the Pacific, and Thailand.

                                   

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Attribute

Details

Base year for estimation

2020

Forecast period

2020 – 2030

Market representation

Revenue in USD Million & CAGR from 2020 – 2030

Market Segmentation

By Type- Raw and Processed

By Application- Industrial, Health and Personal Care Products, Commercial, and Household

By Distribution Channel- Direct Sales and Indirect Sales

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Detailed Segmentation:

Global Turmeric Market, By Type:

      • Raw
      • Processed

Global Turmeric Market, By Application:

      • Industrial
      • Health and personal care products
      • Commercial
      • Household

Global Turmeric Market, By Distribution Channel:

      • Direct sales
      • Indirect sales

Global Turmeric Market, By Region:

      • North America
        • North America Turmeric Market, By Type
        • North America Turmeric Market, By Application
        • North America Turmeric Market, By Distribution Channel
        • North America Turmeric Market, By Country
          • U.S.
          • Canada
      • Europe
        • Europe Turmeric Market, By Type
        • Europe Turmeric Market, By Application
        • Europe Turmeric Market, By Distribution Channel
        • Europe Turmeric Market, By Country
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia-Pacific
        • Asia-Pacific Turmeric Market, By Type
        • Asia-Pacific Turmeric Market, By Application
        • Asia-Pacific Turmeric Market, By Distribution Channel
        • Asia-Pacific Turmeric Market, By Country
          • China
          • India
          • Australia
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
        • Latin America Turmeric Market, By Type
        • Latin America Turmeric Market, By Application
        • Latin America Turmeric Market, By Distribution Channel
        • Latin America Turmeric Market, By Country
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East
        • Middle East Turmeric Market, By Type
        • Middle East Turmeric Market, By Application
        • Middle East Turmeric Market, By Distribution Channel
        • Middle East Turmeric Market, By Country
          • GCC
          • Israel
          • Rest of Middle East
      • Africa
        • Africa Turmeric Market, By Type
        • Africa Turmeric Market, By Application
        • Africa Turmeric Market, By Distribution Channel
        • Africa Turmeric Market, By Country
          • North Africa
          • Central Africa
          • South Africa

Global Turmeric Market By Type Key Players

                                                               

Some of the prominent players operating in the global turmeric market include 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. The market players operating in the global turmeric market are focusing on new product launches in order to get competitive edge in the target market. For instance, in November 2018, Gaia, Inc launched organic turmeric granules. These granules are natural, containing no pesticides and additives, and has a high Curcumin content.

Global Turmeric Market By Type Company Profile

          • Mountain Rose, Inc
            • Company Overview
            • Product Portfolio
            • Key Highlights
            • Financial Performance
          • Naturex S.A.
            • Company Overview
            • Product Portfolio
            • Key Highlights
            • Financial Performance
          • Feel Good Foods Inc
            • Company Overview
            • Product Portfolio
            • Key Highlights
            • Financial Performance
          • Organic Farm Share Ltd
            • Company Overview
            • Product Portfolio
            • Key Highlights
            • Financial Performance
          • Gaia, Inc.
            • Company Overview
            • Product Portfolio
            • Key Highlights
            • Financial Performance
          • Windcrest Farm
            • Company Overview
            • Product Portfolio
            • Key Highlights
            • Financial Performance
          • Organic Spices Inc
            • Company Overview
            • Product Portfolio
            • Key Highlights
            • Financial Performance
          • Arya
            • Company Overview
            • Product Portfolio
            • Key Highlights
            • Financial Performance
          • Wild Harvest Ltd
            • Company Overview
            • Product Portfolio
            • Key Highlights
            • Financial Performance

Global Turmeric Market By Type Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Type
      • Market Snippet, By Application
      • Market Snippet, By Distribution Channel
      • Market Snippet, By Region
    • Opportunity Map Analysis
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Market Trends
    • Product Launch
    • Impact Analysis
    • PEST Analysis
    • Porter’s Analysis
  4. Global Turmeric Market, By Type, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • Raw
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Processed
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  5. Global Turmeric Market, By Application, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • Industrial
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Health and Personal Care Products
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Commercial
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Household
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  6. Global Turmeric Market, By Distribution Channel, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • Direct Sales
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Indirect Sales
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  7. Global Turmeric Market, By Region, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Distribution Channel, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Distribution Channel, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Distribution Channel, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • China
        • India
        • Australia
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Distribution Channel, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East
      • Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Distribution Channel, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Distribution Channel, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • South Africa
        • Central Africa
        • North Africa
  8. Competitive Landscape
    • Heat Map Analysis
    • Company Profiles
      • Mountain Rose, Inc
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Naturex S.A.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Feel Good Foods Inc
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Organic Farm Share Ltd
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Gaia, Inc.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Windcrest Farm
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Organic Spices Inc
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Wild Harvest Ltd
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
    • Analyst Views
  9. Section
    • Research Methodology
    • About Us
    • Contact

FAQs

The global turmeric market on the basis of type, application, distribution channel, and region.

Increasing adoption of turmeric in food industry due to its medical beneficial properties is major factor driving growth of the global turmeric market.

Europe region dominates the Global Turmeric Market and is expected to continue its dominance over the forecast period.

Some of the prominent players operating in the global turmeric market include 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.