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 - Trends, Analysis and Forecast till 2030

Turmeric Market accounted for USD 64.53 Million in 2020 and is estimated to be USD 191.94 Million by 2030 and is anticipated to register a CAGR of 11.5%.

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.

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.

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.

Detailed Segmentation:

Turmeric Market, By Type:

• Raw
  • Processed

Turmeric Market, By Application:

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

Turmeric Market, By Distribution Channel:

• Direct sales
  • Indirect sales

Turmeric Market, By Region:

• North America
  • 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
  • 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
  • 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
  • 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
  • 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
  • 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

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.

• Mountain Rose, Inc
• Wild Harvest Ltd
• Arya
• Organic Spices Inc
• Windcrest Farm
• Gaia, Inc.
• Organic Farm Share Ltd
• Feel Good Foods Inc
• Naturex S.A.