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).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.
Global Turmeric Market Recent Developments & Report Snapshot
Recent Developments:
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In June 2021, Synthite Industries, a leading turmeric oleoresin producer, launched a new line of natural turmeric-based products to meet growing demand from the health food sector.
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In March 2022, Kancor Ingredients, another major player in the turmeric space, acquired The Natural Extracts Company to expand its turmeric and spice extract portfolio.
Parameters | Description |
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Market | Global Turmeric Market |
Study Period | 2021 - 2031 |
Base Year (for Turmeric Market Size Estimates) | 2024 |
Drivers |
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Restraints |
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Opportunities |
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Segment Analysis
The Global Turmeric Market is segmented by type, end user, distribution channel, and geography. By type, the market includes Curcumin, Non-Curcumin, and Organic Turmeric. The end user segment covers food and beverages, pharmaceuticals, cosmetics, and others. Distribution channels encompass direct sales, online sales, supermarkets/hypermarkets, and specialty stores. These segments reflect the diverse applications and availability of turmeric products, catering to various consumer needs and preferences.
Geographically, the market is divided into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Asia Pacific holds a significant share due to the traditional use and large-scale production of turmeric in countries like India. North America and Europe are witnessing increased demand due to rising consumer awareness about the health benefits of turmeric. The segmentation by geography highlights regional trends and market dynamics, providing insights into where turmeric products are most popular and in demand.
Global Turmeric Segment Analysis
In this report, the Global Turmeric Market has been segmented by Type, End User, Distribution Channel and Geography.
Global Turmeric Market, Segmentation by Type
The Global Turmeric Market has been segmented by Type into Raw and Dried.
Dried turmeric, on the other hand, includes powdered turmeric and turmeric supplements. It is widely utilized in processed food products, pharmaceuticals, and cosmetics due to its longer shelf life and concentrated form. This segmentation underscores the diverse ways turmeric is utilized across various industries.
Geographically, the market spans North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. Asia Pacific, particularly India, dominates the market due to its extensive turmeric cultivation and consumption in culinary and medicinal practices. North America and Europe are experiencing a surge in demand driven by increasing consumer awareness of turmeric's health benefits and its incorporation into dietary supplements and health foods. This geographical segmentation highlights regional preferences and market dynamics, illustrating the global reach and varied applications of turmeric products.
Global Turmeric Market, Segmentation by End User
The Global Turmeric Market has been segmented by End User into Households, Food & Beverages Industry, Food Service Industry, Cosmetics Industry and others.
Its use in home remedies and as a natural dye also contributes to its demand in households. The food and beverages industry extensively utilizes turmeric for its flavor, color, and health benefits, incorporating it into a variety of products such as curries, teas, snacks, and health drinks.
In the food service industry, turmeric's popularity is on the rise due to the growing trend of health-conscious dining and the increasing demand for ethnic and fusion cuisines. Restaurants, cafes, and catering services use turmeric to add a unique flavor and color to their dishes, as well as to appeal to health-conscious consumers. The cosmetics industry is another key segment, leveraging turmeric's anti-inflammatory and antioxidant properties in skincare and beauty products. Turmeric is found in products such as creams, masks, and serums, catering to the demand for natural and organic beauty solutions.
Additionally, other industries such as pharmaceuticals and nutraceuticals also contribute to the market's growth. Turmeric's therapeutic properties are harnessed in supplements and medicinal formulations aimed at addressing various health issues, from inflammation to digestive problems. This comprehensive segmentation by end user highlights the widespread and versatile applications of turmeric, driving its demand across multiple sectors globally.
Global Turmeric Market, Segmentation by Geography
In this report, the Global Turmeric Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Turmeric Market Share (%), by Geographical Region, 2024
In North America, the market is driven by the increasing awareness of turmeric's health benefits and its rising popularity in health foods, dietary supplements, and natural remedies. Consumers in this region are increasingly incorporating turmeric into their daily diets and wellness routines, spurred by its anti-inflammatory and antioxidant properties. Additionally, the growing trend of organic and natural products boosts the demand for turmeric in the food and cosmetics industries.
Europe shows a similar trend, with a heightened focus on healthy living and natural ingredients. The region's diverse culinary traditions also contribute to the demand for turmeric, both in household kitchens and the food service industry. The cosmetic industry in Europe extensively uses turmeric in skincare products, capitalizing on its beneficial properties. Meanwhile, the Asia Pacific region, particularly India, holds a dominant share of the market due to its historical and cultural significance in cuisine, traditional medicine, and rituals. The Middle East and Africa, along with Latin America, are also experiencing growing interest in turmeric, driven by the increasing adoption of healthy lifestyles and the incorporation of turmeric into various local and international cuisines.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Turmeric Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers :
- Rising Consumer Demand for Natural Products
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Health Benefits of Curcumin - Curcumin, the primary active compound in turmeric, is renowned for its myriad health benefits, which significantly drive the demand for turmeric in the global market. One of the most well-documented benefits of curcumin is its powerful anti-inflammatory properties. Chronic inflammation is a root cause of many health conditions, including heart disease, cancer, metabolic syndrome, Alzheimer’s disease, and various degenerative conditions. Curcumin helps in suppressing molecules that play a major role in inflammation, providing relief and potential preventative benefits against these conditions.
Another significant health benefit of curcumin is its antioxidant capacity. Oxidative damage is one of the mechanisms behind aging and many diseases. Curcumin is a potent antioxidant that can neutralize free radicals due to its chemical structure. Additionally, curcumin boosts the activity of the body’s own antioxidant enzymes, providing a dual mechanism of action against oxidative stress. This contributes to its potential in reducing the risk of chronic diseases and improving overall health and longevity.
Curcumin also offers notable benefits for brain health. It increases levels of brain-derived neurotrophic factor (BDNF), a growth hormone that functions in the brain. Many common brain disorders have been linked to decreased levels of BDNF, including depression and Alzheimer’s disease. By increasing BDNF levels, curcumin may delay or even reverse many brain diseases and age-related decreases in brain function. Moreover, there is evidence suggesting curcumin can cross the blood-brain barrier, adding to its potential effectiveness in treating neurological conditions. These health benefits of curcumin are driving its incorporation into various health and wellness products, boosting the overall turmeric market.
Restraints :
- Limited Bioavailability of Curcumin
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Volatility in Turmeric Prices - The Global Turmeric Market is subject to significant price volatility, driven by a combination of supply chain dynamics, climatic conditions, and market demand fluctuations. Turmeric prices are highly influenced by the production levels in major turmeric-growing regions, particularly in India, which is the largest producer and exporter of turmeric. Adverse weather conditions, such as droughts or excessive rainfall, can drastically affect crop yields, leading to supply shortages and subsequent price spikes. Conversely, favorable weather conditions and bumper harvests can lead to an oversupply, driving prices down.
Market demand also plays a crucial role in turmeric price volatility. The rising global awareness of turmeric's health benefits has spurred increased demand from both consumers and various industries, including food and beverages, cosmetics, and pharmaceuticals. This heightened demand can outpace supply, especially during periods of low production, further contributing to price fluctuations. Additionally, changes in consumer preferences and trends, such as the growing popularity of natural and organic products, can create sudden shifts in market demand, impacting turmeric prices.
Economic and geopolitical factors also contribute to the volatility in turmeric prices. Trade policies, export-import regulations, and currency exchange rates can all influence the cost and availability of turmeric on the global market. For instance, export restrictions or tariffs imposed by major producing countries can limit supply to international markets, causing price increases. Similarly, fluctuations in currency exchange rates can affect the competitiveness of turmeric prices in different regions. These multifaceted factors underscore the complex nature of the turmeric market and the challenges faced by stakeholders in managing price volatility.
Opportunities :
- Innovation in Product Development
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Organic Turmeric Growth - The Global Turmeric Market is witnessing a notable surge in the demand for organic turmeric, driven by increasing consumer awareness about health and wellness. Organic turmeric is cultivated without the use of synthetic pesticides, herbicides, or fertilizers, making it a preferred choice for health-conscious consumers who seek natural and chemical-free products. This segment is benefiting from the broader trend towards organic and sustainable food and beverage products, as consumers become more discerning about the origins and production methods of their food.
The food and beverages industry is a significant driver of organic turmeric growth. Manufacturers are incorporating organic turmeric into a variety of products, ranging from health supplements and functional beverages to ready-to-eat meals and snacks. The rising popularity of organic and natural products in retail and specialty stores is further boosting sales. Additionally, the food service industry is increasingly adopting organic turmeric in their menus to cater to the growing demand for organic and health-oriented dining options. The versatility of turmeric as both a spice and a health supplement makes it an attractive ingredient for innovative food and beverage formulations.
Moreover, the cosmetics and personal care industry is capitalizing on the benefits of organic turmeric. Known for its anti-inflammatory, antioxidant, and skin-brightening properties, organic turmeric is being used in a range of skincare and beauty products. Consumers are gravitating towards natural and organic skincare solutions, driving the demand for products that incorporate organic turmeric. This trend is expected to continue, supported by ongoing research and development in the field of natural cosmetics and increasing consumer preference for clean beauty products. The growth of the organic turmeric segment is a testament to the evolving consumer preferences towards healthier and more sustainable lifestyle choices.
Competitive Landscape Analysis
Key players in Global Turmeric Market include
- SHS Group
- Everest Spices
- DS Group
- Barrington Chemical Corporation
- McCormick & Company, Inc
- Nani Agro Foods
- MTR Foods Pvt. Ltd
- MDH Spices
- Olam International
- Bart Ingredients Co. Ltd
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By End User
- Market Snapshot, By Region
- Global Turmeric Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Rising Consumer Demand for Natural Products
- Health Benefits of Curcumin
- Restraints
- Limited Bioavailability of Curcumin
- Volatility in Turmeric Prices
- Opportunities
- Innovation in Product Development
- Organic Turmeric Growth
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
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Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Turmeric Market, By Type, 2021 - 2031 (USD Million)
- Raw
- Dried
- Global Turmeric Market, By End User, 2021 - 2031 (USD Million)
- Households
- Food & Beverages Industry
- Food Service Industry
- Cosmetics Industry
- others
- Global Turmeric Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Turmeric Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- SHS Group
- Everest Spices
- DS Group
- Barrington Chemical Corporation
- McCormick & Company, Inc
- Nani Agro Foods
- MTR Foods Pvt. Ltd
- MDH Spices
- Olam International
- Bart Ingredients Co. Ltd
- Company Profiles
- Analyst Views
- Future Outlook of the Market