Global Turmeric Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Raw and Dried.

By End User;

Households, Food & Beverages Industry , Food Service Industry, Cosmetics Industry, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn727860335 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Turmeric Market (USD Million), 2021 - 2031

In the year 2024, the Global Turmeric Market was valued at USD 2,830.63 million. The size of this market is expected to increase to USD 4,200.33 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.8%.

The turmeric market encompasses all international trade and commerce related to the production, distribution, and use of this highly valued spice, derived from the rhizomes of the Curcuma longa plant. Renowned for its vibrant yellow color and potent therapeutic properties, turmeric has secured its place as a crucial ingredient in the food and beverage, pharmaceutical, cosmetic, and dietary supplement industries, as well as being a staple in culinary traditions globally.

The turmeric industry is characterized by a complex interplay of factors, including shifting consumer preferences, regulatory standards, and geographical conditions affecting cultivation. Market dynamics are influenced by the balance of supply and demand, price fluctuations, advancements in processing technology, and evolving dietary trends that emphasize health and wellness. These elements collectively shape the growth and stability of the turmeric market.

Quality standards play a critical role in the turmeric industry. Factors such as curcumin content, color intensity, flavor profile, and purity are rigorously monitored. Market participants must adhere to international quality certifications and regulations to ensure product integrity and consumer safety. Maintaining high-quality standards is essential for gaining consumer trust and achieving success in the competitive global turmeric market.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By End User
    3. Market Snapshot, By Region
  4. Global Turmeric Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Consumer Demand for Natural Products
        2. Health Benefits of Curcumin
      2. Restraints
        1. Limited Bioavailability of Curcumin
        2. Volatility in Turmeric Prices
      3. Opportunities
        1. Innovation in Product Development
        2. Organic Turmeric Growth
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Global Turmeric Market, By Type, 2021 - 2031 (USD Million)
      1. Raw
      2. Dried
    2. Global Turmeric Market, By End User, 2021 - 2031 (USD Million)
      1. Households
      2. Food & Beverages Industry
      3. Food Service Industry
      4. Cosmetics Industry
      5. others
    3. Global Turmeric Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. SHS Group
      2. Everest Spices
      3. DS Group
      4. Barrington Chemical Corporation
      5. McCormick & Company, Inc
      6. Nani Agro Foods
      7. MTR Foods Pvt. Ltd
      8. MDH Spices
      9. Olam International
      10. Bart Ingredients Co. Ltd
  7. Analyst Views
  8. Future Outlook of the Market