Global Turmeric Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026

The report on the Global Turmeric Market gives an estimation of the development of the market based on historical studies and also provides forecasts on the basis of a comprehensive research. The report gives a complete market analysis for the forecasted period from 2020 to 2026. The market is divided into various segments with an in-depth outlook of the competitors and a listing of the profiled key players. The market size in terms of revenue (USD MN) is calculated and provided for the study period along with the dynamics of the market such as the drivers and the restraints.

Turmeric is an extract belonging to an herbaceous plant of ginger family. It is considered as an important ingredient in foods and in pharmaceutical industries. It has been used extensively in Asian countries for a variety of purposes. Its various applications include dyeing, in Ayurvedic medication as a healing ingredient, it is also used as a chemical analysis indicator to check the acidity and alkalinity, and as a food ingredient used in different curries. This market have experienced an augmented growth owing to its medicinal characteristics and increased attraction towards organic products.
 
Turmeric has been greatly used in Asia Pacific region since ancient years, thereby it makes Asia Pacific as the largest global supplier of turmeric. Considering its various medicinal properties and anti-septic nature, it has experienced new applications in cosmetics, herbal products and pharmaceutical companies, this has powered the growth of this market. Owing to its oligopoly market structure it has given opportunities to different new players to easily enter the market.
 
Drivers

• Research and development in medical applications of turmeric
• Increased use in food and hotel industry
• Growing demand for herbal beautifying products

 
Restraints

• Availability of cheaper alternatives in food colour industry

 
Report includes a detailed analysis on value chain in order to provide a holistic view of the turmeric market. Value chain analysis comprises detailed evaluation of the roles of various players involved in the turmeric industry, from raw material suppliers to end-users.
 
Turmeric market attractiveness analysis has been included in order to analyze the application segments that are estimated to be lucrative during the forecast period on the basis of their market size and growth rate. Attractiveness of the market has been derived from market size, profit margin, growth rate, availability of raw materials, competition, and other factors such as social and legal constraints.
 
The turmeric market has further been segmented based on application such as pharmaceuticals, food, cosmetics and others. The study provides forecast and estimates market for each application in terms of revenue and volume during the forecast period from 2020 to 2026. Each application has been further analyzed based on regional and country levels from 2019 to 2026 in terms of volume and revenue.
 
In terms of geography, the turmeric market has been segmented into regions such as North America, Europe, Asia Pacific and Rest of the World. The study provides a detailed view of country-level aspects of the market on the basis of application segments and estimates the market in terms of revenue and volume during the forecast period.
 
The report also offers a competitive landscape of the overall market with company profiles of players such as:

• Biomax Life Sciences Ltd.
• Synthite Industries Ltd.
• Hindustan Mint & Agro Products Pvt. Ltd.
• Arjuna Natural Extracts Ltd.
• SV Agrofood
• Star Hi Herbs Pvt. Ltd.
• Herboveda India Pvt. Ltd.
• Helmigs Prima Sejahtera PT.
• Hebei Food Additive Co. Ltd.
• Tri Rahardja PT.
• Konark Herbals & Health Care

A detailed description of the each company has been included and includes information in terms of headquarters, inception, stock listing, upcoming capacities, key mergers & acquisitions, financial overview, and recent developments provides a thorough idea about the competitive positioning of market players. The report also provides turmeric market's mergers/acquisitions, partnerships, collaborations, new product launches, new product developments and other industry developments.
 
SEGMENTATIONS IN REPORT:
Turmeric By Applications:

• Pharmaceuticals
• Food
• Cosmetics
• Other

 
Turmeric By Geography:

• North America
• Europe
• Asia Pacific
• Rest of the World

The Global Turmeric Market has been exhibited in detail in the following chapters -
Chapter 1 Turmeric Market Preface 
Chapter 2 Executive Summary
Chapter 3 Turmeric Industry Analysis
Chapter 4 Turmeric Market Value Chain Analysis
Chapter 5 Turmeric Market Analysis By Applications
Chapter 6 Turmeric Market Analysis By Geography
Chapter 7 Competitive Landscape Of Turmeric Companies
Chapter 8 Company Profiles Of Turmeric Industry

METHODOLOGY:
Combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific Details on methodology used for this report can be provided on demand.