Global turmeric market growth to be driven by various application advantages

Global turmeric market is expected to grow significantly in the coming years. The major factor driving growth of the market are increasing use of turmeric in food industry, growing demand for herbal cosmetics and growing demand for herbal cosmetics. In addition, increasing consumer interest towards organic turmeric and increasing research and development in medical applications of turmeric are likely to drive market growth.

The global turmeric market report has been segmented on the basis of type, application, distribution channel and region.

On the basis of type, the global turmeric market is segmented into raw and processed. The processed segment is expected to dominate in terms of revenue owing to its availability in various forms such as powder, oleoresin, curcumin and turmeric oil. It is widely applied in industrial, health, commercial and household.

On the basis of application, the global turmeric market is segmented into industrial, health and personal care products, commercial and household. The industrial segment is expected to dominate in terms of revenue as its application widely includes food and beverages processing, curry powders, meat and meat products, dairy products, beverages and more.

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On the basis of distribution channel, the global turmeric market is segmented into direct sales and indirect sales.

On the basis of region, the global turmeric market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The market in Asia Pacific is expected to dominate the global turmeric market during the forecast period to wide application of turmeric extract in the region. Moreover, the market is continuously witnessing a high demand for turmeric from developing economies, such as India and China owing to the growing awareness of turmeric health benefits.

Key players in the global turmeric market includes Chr. Hansen A/S, Sabinsa Corporation, Synthite Industries Ltd., Everest Spices, ITC Limited, Kancor Ingredients Limited., Roha Dyechem Pvt. Ltd, Kalsec Inc., Frutarom Industries Ltd. and Vigon International Inc.