Turmeric Market, Global Outlook and Forecast 2024-2030

The global Turmeric market was valued at US$ 7.53 billion in 2024 and is projected to reach US$ 10.32 billion by 2030, at a CAGR of 5.4% during the forecast period.

This research report provides a comprehensive analysis of the Turmeric market, focusing on the current trends, market dynamics, and future prospects. The report explores the global Turmeric market, including major regions such as North America, Europe, Asia-Pacific, and emerging markets. It also examines key factors driving the growth of Turmeric, challenges faced by the industry, and potential opportunities for market players.

The global Turmeric market has witnessed rapid growth in recent years, driven by increasing environmental concerns, government incentives, and advancements in technology. The Turmeric market presents opportunities for various stakeholders, including Food and Beverages, Pharmaceuticals. Collaboration between the private sector and governments can accelerate the development of supportive policies, research and development efforts, and investment in Turmeric market. Additionally, the growing consumer demand present avenues for market expansion.

Although the relative market share of organic curcuma longa is small in Europe, demand for certified organic food supplements still continues to grow. Certification for organic spices including curcuma longa powder is essential pre-requisite for marketing the product as organic especially in international markets. Organic certification is preferred by food supplements than for herbal medicine as the later cannot be labelled as organic. Food supplements usually comprises a nominal amount of Curcuma longa extracts and a much higher one of fillers, which do not require any organic certification.

Turmeric is a bright yellow-orange spice derived from the root of Curcuma longa, a flowering plant in the ginger family (Zingiberaceae). It is widely used in cooking, especially in Indian, Southeast Asian, and Middle Eastern cuisines, for its distinct color, flavor, and potential health benefits. The primary active compound in turmeric is curcumin, which is responsible for much of its therapeutic effects.

Here’s more detailed information about turmeric:

1. Culinary Uses:

• Flavor: Turmeric has a warm, slightly bitter taste with peppery, earthy, and mustard-like flavors. It is often used in curry powders, soups, stews, and rice dishes.
• Coloring Agent: It is a natural food coloring agent, used in recipes like mustard, rice, and pickles to add a vibrant yellow hue.
• Beverages: Turmeric is also used to make beverages like "golden milk," a traditional Indian drink made with milk, turmeric, and spices.

2. Health Benefits:

• Anti-inflammatory: Curcumin in turmeric is known for its potent anti-inflammatory properties. It is used to help manage conditions like arthritis, joint pain, and inflammation.
• Antioxidant Properties: Turmeric acts as a strong antioxidant, neutralizing free radicals that can damage cells.
• Digestive Health: It is traditionally used to improve digestion and reduce symptoms of bloating and gas.
• Boosts Immunity: Turmeric is believed to have immune-boosting properties, often used as a remedy for colds and flu.
• Brain Health: There is some evidence to suggest that turmeric may support brain function and reduce the risk of neurodegenerative diseases, such as Alzheimer’s disease.

3. Cosmetic Uses:

• Skin Care: Turmeric is used in traditional skincare remedies for its anti-inflammatory and antibacterial effects. It helps reduce acne, brighten skin, and manage conditions like eczema or psoriasis.
• Face Masks: It is a common ingredient in homemade face masks, especially in combination with honey and yogurt.

4. Supplement Form:

• Turmeric is available in capsules, tablets, and powders as dietary supplements. Many people take curcumin supplements for its potential health benefits, though curcumin’s bioavailability is low, meaning it is not easily absorbed by the body. Consuming it with black pepper, which contains piperine, can significantly enhance its absorption.

5. Precautions:

• High Dosages: While turmeric is generally safe, excessive intake may cause gastrointestinal issues or interfere with certain medications (e.g., blood thinners).
• Pregnancy: It is advised to use turmeric in moderation during pregnancy, as high doses might stimulate uterine contractions.

6. Cultural Significance:

• In India and many other cultures, turmeric holds cultural and spiritual importance. It is used in religious ceremonies, weddings, and various rituals.
• It is also considered a "holy" or "sacred" herb in many traditional systems of medicine, including Ayurveda and Traditional Chinese Medicine (TCM).

7. Production and Growing:

• Cultivation: Turmeric grows best in tropical climates. India is the largest producer and exporter of turmeric, followed by countries like China, Indonesia, and the Philippines.
• Harvesting: The plant is typically harvested after about 9-10 months, with its rhizomes (roots) being dried and powdered for use.

Key Features:
The research report on the Turmeric market includes several key features to provide comprehensive insights and facilitate decision-making for stakeholders.
Executive Summary: The report provides overview of the key findings, market trends, and major insights of the Turmeric market.
Market Overview: The report provides a comprehensive overview of the Turmeric market, including its definition, historical development, and current market size. It covers market segmentation by Type (e.g., Unpolished Finger, Polished Finger), region, and application, highlighting the key drivers, challenges, and opportunities within each segment.
Market Dynamics: The report analyses the market dynamics driving the growth and development of the Turmeric market. The report includes an assessment of government policies and regulations, technological advancements, consumer trends and preferences, infrastructure development, and industry collaborations. This analysis helps stakeholders understand the factors influencing the Turmeric market's trajectory.
Competitive Landscape: The report provides an in-depth analysis of the competitive landscape within the Turmeric market. It includes profiles of major market players, their market share, strategies, product portfolios, and recent developments.
Market Segmentation and Forecast: The report segment the Turmeric market based on various parameters, such as by Type, region, and by Application. It provides market size and growth forecasts for each segment, supported by quantitative data and analysis. This helps stakeholders identify growth opportunities and make informed investment decisions.
Technological Trends: The report should highlight the key technological trends shaping the Turmeric market, such as advancements in Type One technology and emerging substitutes. It analyses the impact of these trends on market growth, adoption rates, and consumer preferences.
Market Challenges and Opportunities: The report identify and analyses the major challenges faced by the Turmeric market, such as technical bottleneck, cost limitations, and high entry barrier. It also highlights the opportunities for market growth, such as government incentives, emerging markets, and collaborations between stakeholders.
Regulatory and Policy Analysis: The report should assess the regulatory and policy landscape for Turmeric, including government incentives, emission standards, and infrastructure development plans. It should analyse the impact of these policies on market growth and provide insights into future regulatory developments.
Recommendations and Conclusion: The report conclude with actionable recommendations for stakeholders, such as Application One Consumer, policymakers, investors, and infrastructure providers. These recommendations should be based on the research findings and address key challenges and opportunities within the Turmeric market.
Supporting Data and Appendices: The report include supporting data, charts, and graphs to substantiate the analysis and findings. It also includes appendices with additional detailed information, such as data sources, survey questionnaires, and detailed market forecasts.
Market Segmentation
Turmeric market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Market segment by Type

• Unpolished Finger
• Polished Finger
• Double Polished Finger
• Slice Turmeric
• Powder
• Others

• Food and Beverages
• Pharmaceuticals
• Others

• North America (USA, Canada, Mexico)
• Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
• South America (Brazil, Argentina, Columbia, Rest of South America)
• The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

• Earth Expo Company
• ITC Spices
• Nani Agro Foods
• Shah Ratanshi Khimji

Outline of Major Chapters:
Chapter 1: Introduces the definition of Turmeric, market overview.
Chapter 2: Global Turmeric market size in revenue and volume.
Chapter 3: Detailed analysis of Turmeric manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Turmeric in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Turmeric capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.