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Turmeric Market: By Product Type, By Form , By Application, By Distribution Channel, and Geography
Turmeric Market: By Product Type, By Form , By Application, By Distribution Channel, and Geography
The turmeric market size was valued at US$ 4,982.1 million in 2023 and is poised to grow at a CAGR of 5.9% from 2024 to 2030. Asia Pacific region holds the biggest market share and dominates the market. The growth of the market is driven mainly by the growing awareness of health benefits, rising demand for functional foods and beverages, and rising demand for cosmetics and pharmaceuticals. Turmeric has been used in traditional medicine for centuries, and recently, scientific research has begun to validate its many health benefits. Turmeric is a natural anti-inflammatory and antioxidant, and it is being studied for its potential to prevent and treat a variety of diseases, including cancer, Alzheimer's disease, and heart disease. Consumers are increasingly interested in functional foods and beverages that offer health benefits beyond basic nutrition.
Turmeric is a versatile ingredient that can be added to a variety of foods and drinks, making it a popular choice for health-conscious consumers. As disposable incomes rise in developing countries, consumers are more likely to spend money on premium food products, such as organic turmeric. Despite the positive outlook, there are also some challenges facing the turmeric market, the global turmeric market is fragmented and there is a lack of consistent regulatory oversight. Adulteration is a major problem in the turmeric market. Turmeric can be adulterated with cheaper ingredients, such as chalk or sawdust, which can reduce the quality and safety of the product. The price of turmeric can be volatile, which can make it difficult for manufacturers to plan and budget.
Study Period
2024 - 2030Base Year
2023CAGR
5.9%Largest Market
Asia PacificFastest Growing Market
North America
There is a growing demand for new and innovative turmeric products. Manufacturers are developing a variety of new products, such as turmeric-infused beverages, snacks, and cosmetics.
The turmeric market is still relatively undeveloped in some parts of the world, such as Africa and Latin America. There is a significant opportunity for growth in these regions. Consumers are increasingly interested in sustainable products. There is an opportunity for manufacturers to develop sustainable turmeric farming practices and products. The demand for organic turmeric is growing rapidly. Consumers are willing to pay a premium for organic products that are perceived to be safer and healthier. Consumers are increasingly busy and looking for convenient ways to incorporate turmeric into their diets. This is leading to a demand for single-serve and ready-to-eat turmeric products. The rise of e-commerce is making it easier for consumers to purchase turmeric products. This is creating new opportunities for manufacturers and retailers.
Based on regions, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. Asia Pacific region holds the biggest market share due to high consumption in countries like India, China, and Bangladesh (traditional medicine, food), established cultivation and processing. In Europe, there is rising demand in the food & beverage industry is a big driver for turmeric. The booming cosmetics market is another growth factor. North America shows steady growth and a rise in turmeric consumption. Consumers are drawn to its health properties and incorporating it into various products. South America & the Middle East & Africa these regions have a smaller market share limited presence of major food manufacturers, and lower disposable income.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024 - 2030 |
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Market Size in 2023 |
US$ 4,982.1 million |
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Market CAGR |
5.9% |
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By Product Type |
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By Form |
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By Application |
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By Distribution Channel |
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Download Free Sample Report
The turmeric market was valued at US$ 4,982.1 million in 2023 and growing at a CAGR of 5.9%.
The drivers in the Turmeric Market are growing awareness of health benefits, rising demand for functional foods and beverages, and rising demand for cosmetics and pharmaceuticals.
Naturex S.A., Feel Good Organics, Aryan International, Kauai Organic Farms, Windcrest Farm, NHR Organic Oils, Spicely Organics, Turmeric Australia, Organic Wise, Oregon's Wild Harvest, Jacarandas International, and Mountain Rose Herbs.
Asia Pacific is the dominant in the turmeric market.
| 1.Executive Summary |
| 2.Global Turmeric Market Introduction |
| 2.1.Global Turmeric Market - Taxonomy |
| 2.2.Global Turmeric Market - Definitions |
| 2.2.1.Product Type |
| 2.2.2.Application |
| 2.2.3.Form |
| 2.2.4.Distribution Channel |
| 2.2.5.Region |
| 3.Global Turmeric Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Turmeric Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Turmeric Market By Product Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Raw |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Processed |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6.Global Turmeric Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Whole |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Powder |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 7.Global Turmeric Market By Form, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Cosmetics |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Pharmaceutical |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Food & Beverage |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Others |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 8.Global Turmeric Market By Distribution Channel, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Supermarkets |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Hypermarkets |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. e-commerce websites |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 9.Global Turmeric Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. North America |
| 9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.1.3. Market Opportunity Analysis |
| 9.2. Europe |
| 9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.2.3. Market Opportunity Analysis |
| 9.3. Asia Pacific (APAC) |
| 9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.3.3. Market Opportunity Analysis |
| 9.4. Middle East and Africa (MEA) |
| 9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.4.3. Market Opportunity Analysis |
| 9.5. Latin America |
| 9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.5.3. Market Opportunity Analysis |
| 10.North America Turmeric Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Raw |
| 10.1.2.Processed |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Whole |
| 10.2.2.Powder |
| 10.3. Form Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Cosmetics |
| 10.3.2.Pharmaceutical |
| 10.3.3.Food & Beverage |
| 10.3.4.Others |
| 10.4. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Supermarkets |
| 10.4.2.Hypermarkets |
| 10.4.3.e-commerce websites |
| 10.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.5.1.United States of America (USA) |
| 10.5.2.Canada |
| 11.Europe Turmeric Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Raw |
| 11.1.2.Processed |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Whole |
| 11.2.2.Powder |
| 11.3. Form Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Cosmetics |
| 11.3.2.Pharmaceutical |
| 11.3.3.Food & Beverage |
| 11.3.4.Others |
| 11.4. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.Supermarkets |
| 11.4.2.Hypermarkets |
| 11.4.3.e-commerce websites |
| 11.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.5.1.Germany |
| 11.5.2.France |
| 11.5.3.Italy |
| 11.5.4.United Kingdom (UK) |
| 11.5.5.Spain |
| 12.Asia Pacific (APAC) Turmeric Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Raw |
| 12.1.2.Processed |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Whole |
| 12.2.2.Powder |
| 12.3. Form Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Cosmetics |
| 12.3.2.Pharmaceutical |
| 12.3.3.Food & Beverage |
| 12.3.4.Others |
| 12.4. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.Supermarkets |
| 12.4.2.Hypermarkets |
| 12.4.3.e-commerce websites |
| 12.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.5.1.China |
| 12.5.2.India |
| 12.5.3.Australia and New Zealand (ANZ) |
| 12.5.4.Japan |
| 12.5.5.Rest of APAC |
| 13.Middle East and Africa (MEA) Turmeric Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Raw |
| 13.1.2.Processed |
| 13.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Whole |
| 13.2.2.Powder |
| 13.3. Form Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Cosmetics |
| 13.3.2.Pharmaceutical |
| 13.3.3.Food & Beverage |
| 13.3.4.Others |
| 13.4. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Supermarkets |
| 13.4.2.Hypermarkets |
| 13.4.3.e-commerce websites |
| 13.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.5.1.GCC Countries |
| 13.5.2.South Africa |
| 13.5.3.Rest of MEA |
| 14.Latin America Turmeric Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 14.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.1.1.Raw |
| 14.1.2.Processed |
| 14.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.2.1.Whole |
| 14.2.2.Powder |
| 14.3. Form Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.3.1.Cosmetics |
| 14.3.2.Pharmaceutical |
| 14.3.3.Food & Beverage |
| 14.3.4.Others |
| 14.4. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.4.1.Supermarkets |
| 14.4.2.Hypermarkets |
| 14.4.3.e-commerce websites |
| 14.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.5.1.Brazil |
| 14.5.2.Mexico |
| 14.5.3.Rest of LA |
| 15. Competition Landscape |
| 15.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 15.2.1.Naturex S.A. |
| 15.2.2.Feel Good Organics |
| 15.2.3.Aryan International |
| 15.2.4.Kauai Organic Farms |
| 15.2.5.Windcrest Farm |
| 15.2.6.NHR Organic Oils |
| 15.2.7.Spicely Organics |
| 15.2.8.Turmeric Australia |
| 15.2.9.Organic Wise |
| 15.2.10.Oregon's Wild Harvest |
| 15.2.11.Jacarandas International |
| 15.2.12.Mountain Rose Herbs |
| 16. Research Methodology |
| 17. Appendix and Abbreviations |
Key Market Players
Author
Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of experience in the field of market research. Sravani is adept at creating competitive evaluations, precise market estimations, and market projections, emphasizing the food and beverage and information and communication technology (ICT) industries. Her areas of competence are identifying important players, projecting market trends, and assessing the potential for industry growth. She applies a strong analytical approach to provide precise market estimates and thorough industry analysis, empowering organizations to make data-driven decisions. Sravani's estimating and forecasting abilities are essential for businesses to take advantage of new opportunities and effectively manage dynamic market environments.