Turmeric Market size in terms of volume and value 2016-2026
Turmeric is one of the spice which is derived from turmeric plant and also known as curcumin. Taste of turmeric is peppery, warm and bitter and it is one of the key ingredient which is used in culinary dishes. Demand of turmeric is very high at global market due to its uses in different purposes such as food, medicine, cosmetic, coloring and also for dyeing purpose. It has high nutritive value due to which it increases the nutritional component of food and also beneficial for health because of its ingredient curcumin
Turmeric is one of the spice which is derived from turmeric plant and also known as curcumin. Taste of turmeric is peppery, warm and bitter and it is one of the key ingredient which is used in culinary dishes. Demand of turmeric is very high at global market due to its uses in different purposes such as food, medicine, cosmetic, coloring and also for dyeing purpose. It has high nutritive value due to which it increases the nutritional component of food and also beneficial for health because of its ingredient curcumin
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Global <strong>Turmeric</strong><br />
<strong>Market</strong><br />
Share, Global Trends,<br />
Analysis, Research, Report,<br />
Opportunities,<br />
Segmentation <strong>and</strong> Forecast,<br />
<strong>2016</strong> – <strong>2026</strong><br />
Future <strong>Market</strong> Insights<br />
www.futuremarket<strong>in</strong>sights.com<br />
sales@futuremarket<strong>in</strong>sights.com
Report Description<br />
<strong>Turmeric</strong> is one <strong>of</strong> the spice which is derived from turmeric plant <strong>and</strong> also known as curcum<strong>in</strong>. Taste <strong>of</strong><br />
turmeric is peppery, warm <strong>and</strong> bitter <strong>and</strong> it is one <strong>of</strong> the key <strong>in</strong>gredient which is used <strong>in</strong> cul<strong>in</strong>ary dishes.<br />
Dem<strong>and</strong> <strong>of</strong> turmeric is very high at global market due to its uses <strong>in</strong> different purposes such as food,<br />
medic<strong>in</strong>e, cosmetic, color<strong>in</strong>g <strong>and</strong> also for dye<strong>in</strong>g purpose. It has high nutritive <strong>value</strong> due to which it <strong>in</strong>creases<br />
the nutritional component <strong>of</strong> food <strong>and</strong> also beneficial for health because <strong>of</strong> its <strong>in</strong>gredient curcum<strong>in</strong>. Globally<br />
the dem<strong>and</strong> <strong>of</strong> turmeric <strong>in</strong> food <strong>in</strong>dustry is also <strong>in</strong>creased because <strong>of</strong> its unique flavor, required to enhance<br />
the color <strong>and</strong> taste <strong>of</strong> dishes.<br />
<strong>Market</strong> Dynamics <strong>of</strong> <strong>Turmeric</strong> <strong>Market</strong>:<br />
One <strong>of</strong> the key driver <strong>in</strong> turmeric market which is <strong>in</strong>fluenc<strong>in</strong>g its dem<strong>and</strong> at global level is because it can be<br />
used for differential purposes whether it is for <strong>in</strong>gredient, color <strong>and</strong> pharmaceutical <strong>and</strong> for many other<br />
purposes. On the other side, though the turmeric has higher dem<strong>and</strong> <strong>in</strong> food <strong>in</strong>dustry as per the current<br />
trend, turmeric market also ga<strong>in</strong><strong>in</strong>g its dem<strong>and</strong> from the side <strong>of</strong> medic<strong>in</strong>al <strong>and</strong> cosmetic sector. Nowadays<br />
customers ma<strong>in</strong>ly prefer those products which has natural <strong>in</strong>gredient. For medic<strong>in</strong>al purpose, it is used as an<br />
<strong>in</strong>flammatory agent to combat with various health diseases <strong>and</strong> while cosmetic companies are us<strong>in</strong>g<br />
turmeric has herbal product <strong>in</strong> their products.<br />
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Report Description<br />
<strong>Market</strong> Segmentation <strong>of</strong> <strong>Turmeric</strong> <strong>Market</strong>:<br />
<strong>Turmeric</strong> market is segmented on the basis <strong>of</strong> its form <strong>and</strong> application. In <strong>terms</strong> <strong>of</strong> form, turmeric is<br />
categorized <strong>in</strong>to three different forms which are dried, powder <strong>and</strong> liquid form. As per application, it is<br />
segmented as food <strong>and</strong> beverages, medic<strong>in</strong>al <strong>and</strong> cosmetics. <strong>Market</strong> segment <strong>of</strong> turmeric <strong>in</strong> perspective to<br />
food <strong>and</strong> beverage type, it is segmented as per its usage <strong>in</strong> cul<strong>in</strong>ary dishes, bakery products, dairy products<br />
<strong>and</strong> beverages. Further <strong>in</strong> context to health care segment, turmeric has application to combat with health<br />
issues related to digestion, liver, cancer, cholesterol, osteoarthritis <strong>and</strong> many other health disorders. Another<br />
application <strong>of</strong> turmeric is <strong>in</strong> cosmetic <strong>in</strong>dustry where it is used as an herbal product <strong>in</strong> sk<strong>in</strong> <strong>and</strong> body care<br />
products. Further the market <strong>of</strong> food type can be segmented <strong>in</strong> <strong>terms</strong> <strong>of</strong> us<strong>in</strong>g the turmeric for different<br />
purposes such as an <strong>in</strong>gredient, taste enhancer <strong>and</strong> color<strong>in</strong>g purpose <strong>and</strong> <strong>in</strong> <strong>terms</strong> <strong>of</strong> beverage it is used <strong>in</strong><br />
tea, juices <strong>and</strong> canned beverages.<br />
From the above market segment <strong>in</strong> <strong>terms</strong> <strong>of</strong> application <strong>in</strong>sight, the figures <strong>of</strong> graph will propel higher <strong>value</strong><br />
towards the market <strong>of</strong> food <strong>and</strong> medic<strong>in</strong>al purpose. Reason be<strong>in</strong>g beh<strong>in</strong>d the higher market share is due to<br />
<strong>in</strong>crease <strong>in</strong> food consumption level among consumers due to availability <strong>of</strong> varieties <strong>of</strong> dishes. On the other<br />
side, <strong>in</strong> context to medic<strong>in</strong>e purpose it will ga<strong>in</strong> its dem<strong>and</strong> due to presence <strong>of</strong> curcum<strong>in</strong> which has<br />
<strong>in</strong>flammatory agent to fight with various types <strong>of</strong> health diseases. In addition to this, many pharmaceutical<br />
companies are focus<strong>in</strong>g their attention towards turmeric as how it can be used as one <strong>of</strong> the effective<br />
remedial product <strong>in</strong> health care sector. Moreover on concern<strong>in</strong>g the nutritional components <strong>of</strong> turmeric, it is<br />
very rich <strong>in</strong> <strong>terms</strong> <strong>of</strong> prote<strong>in</strong>, carbohydrates, fiber <strong>and</strong> <strong>in</strong> many other vitam<strong>in</strong>s <strong>and</strong> m<strong>in</strong>erals. Ow<strong>in</strong>g to this, it<br />
justifies that its dem<strong>and</strong> will also <strong>in</strong>crease among health conscious consumers who always preferred to eat<br />
healthy food <strong>and</strong> seeks for product which has naturally rich <strong>in</strong> <strong>terms</strong> <strong>of</strong> <strong>in</strong>gredients.
Report Description<br />
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Regional Segment <strong>of</strong> <strong>Turmeric</strong> <strong>Market</strong>:<br />
As per the regional segment, turmeric market is categorize <strong>in</strong>to seven different regions <strong>in</strong>cludes North<br />
America, Lat<strong>in</strong> America, Eastern Europe, Western Europe, <strong>and</strong> Asia-Pacific region, Japan, Middle East <strong>and</strong><br />
Africa. Asia-Pacific region is one <strong>of</strong> the largest turmeric producer <strong>in</strong> world <strong>and</strong> majority <strong>of</strong> the production is<br />
from India <strong>and</strong> Ch<strong>in</strong>a. On the other side American <strong>and</strong> European region are the two major importers <strong>of</strong><br />
turmeric.<br />
Key <strong>Market</strong> Players <strong>in</strong> <strong>Turmeric</strong> <strong>Market</strong>:<br />
Key market players <strong>in</strong> turmeric market are ma<strong>in</strong>ly belongs from Asia-Pacific region <strong>and</strong> some <strong>of</strong> the global<br />
market players <strong>of</strong> this <strong>in</strong>dustry are Taj Agro Products, Nani Agro Foods, Earth Expo Company, Curcum<strong>in</strong>ea,<br />
S<strong>in</strong>o-Nature, Shah Ratanshi Khimji <strong>and</strong> Co., Everest Spices, MDH Spices, Natural-Spices <strong>and</strong> ITC Spices.<br />
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