Global Turmeric Market Projected To Advance At A CAGR Of Around 5.4% During 2024-2032

As per Zion Market Research, the global Turmeric Market, estimating its value at USD 4.77 Billion in 2023, with projections indicating that it will reach USD 7.65 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 5.4% over the forecast period 2024-2032. Turmeric powder is prepared by grinding of dry and mature turmeric rhizomes. It is a type of spice that has zero cholesterol and no calories. It is rich in iron, potassium, dietary fiber, vitamin B6, and magnesium. The powder is also utilized as a coloring agent in the South Asian culinary. The turmeric plant leaves also have a distinct flavor and therefore are used in wrapping and cooking food. There are numerous benefits of turmeric owing to its phytochemistry. The compounds present in turmeric are called curcuminoids, which are demethoxycurcumin, curcumin, and bisdemethoxycurcumin. Turmeric also has volatile oils such as atlantone, turmerone, and zingiberene. Other ingredients of turmeric are resins, sugars, and proteins.

Some of the key players in the market are Naturex S.A., Mountain Rose Herbs, Kauai Organic Farms, Feel Good Organics, NHR Organic Oils, Windcrest Farm, Oregon's Wild Harvest, Spicely Organics, Organic Wise, Aryan International, Jacarandas International, and Turmeric Australia.

Raising Awareness About Health Benefits Of Turmeric To Boost The Global Organic Turmeric Market

A number of health benefits of turmeric are mainly responsible for propelling a splendid growth in the global organic turmeric market. The increasing awareness concerning the benefits of consuming organic foods also is a major aspect that is contributing to the market growth at a decent rate. This awareness exists as a result of the cultivation of turmeric plants without the utilization of insecticides, pesticides, and other harmful chemicals. Furthermore, with increasing consciousness about maintaining health with controlled diets is also impelling the demand for turmeric. Organic turmeric is widely used in cosmetics, healthcare, personal products, and other segments.

The global turmeric market is bifurcated on the basis of type, application, distribution channel, and regional analysis. Based on the type, the market is divided into raw and processed. Based on the application, the market is divided into health & personal care products, industrial, household, and commercial. Based on the distribution channel, the market is divided into direct sales and indirect sales.

The Asia Pacific Region Expected To Dominate The Global Turmeric Market

Based on the geographical analysis, the global turmeric market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The Asia Pacific region dominated the market largely owing to enormous turmeric production in the major economies like India and China. India is a chief producer of turmeric products; therefore the country is boosting the market growth across the region. In 2016, India contributed 78% of the worldwide turmeric production, and this number is likely to increase in the coming years. With an increase in the demand for turmeric from western countries, a surge in turmeric exports from the Asian regions is anticipated to occur, hence boosting the market growth.

Browse the full “Turmeric Market - By Type (Raw and Processed), By Application (Health & Personal Care Products, Industrial, Household, and Commercial), By Distribution Channel (Direct Sales and Indirect Sales), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024-2032.” Report at https://www.zionmarketresearch.com/report/turmeric-market

The global turmeric market is segmented as follows:

By type:

• Raw
• Processed

By application:

• Household
• Industrial
• Commercial
• Health & Personal Care Products

By distribution channel:

• Direct Sales
• Indirect Sales

By region:

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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