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

By Form;

Powder, Paste, Oil, and Lumps.

By End-Use Industry;

Pharmaceuticals, Personal Care & Cosmetics, and Food & Beverages.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn801102546 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Turmeric Oleoresin Market (USD Million), 2021 - 2031

In the year 2024, the Global Turmeric Oleoresin Market was valued at USD 80.38 million. The size of this market is expected to increase to USD 138.21 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 8.1%.

The increasing demand for oleoresins like turmeric in pharmaceutical and healthcare sectors, driven by their therapeutic benefits, has significantly fueled market growth. Turmeric oleoresin is widely utilized in healthcare and pharmaceutical industries for its applications in pain relief, stress reduction, and depression alleviation, contributing to robust demand growth across the forecast period. Recognized globally for its medicinal properties, turmeric oleoresin, also known as pinyon gum, continues to gain traction among consumers worldwide.

Spain stands out as a major importer of oleoresins in Europe, alongside Germany, the UK, Belgium, and Austria. The country's demand is bolstered by various sectors including personal care & cosmetics, perfumery, and pharmaceuticals, which extensively integrate turmeric oleoresin into their products. Spain's affinity for ethnic cuisine and its increasing adoption of healthcare applications further drive market expansion in the region.

Moreover, Spain's significant role as a leading producer of olive oil underscores its agricultural influence, where factors like drought can impact market dynamics, including pricing and production. Olive oil is a staple in Spanish cuisine, widely used for cooking techniques such as sautéing and frying, as well as a finishing touch in numerous dishes. Garlic, another essential ingredient in Spanish cooking renowned for its aromatic qualities, is frequently combined with olive oil to create flavorful bases for various traditional dishes. Additionally, paprika, produced as a non-pungent oleoresin in Spain, enhances local cuisine with its vibrant color and distinctive smoky flavor, commonly found in dishes like paella, chorizo, and diverse sauces.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Form
    2. Market Snapshot, By End-Use Industry
    3. Market Snapshot, By Region
  4. Global Turmeric Oleoresin Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Demand for Natural Ingredients
        2. Cost-Effectiveness and Shelf Life
      2. Restraints
        1. Raw Material Availability
        2. Stringent Regulations
      3. Opportunities
        1. Innovation in Products
        2. Unexploited Markets
    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 Oleoresin Market, By Form, 2021 - 2031 (USD Million)
      1. Powder
      2. Paste
      3. Oil
      4. Lumps
    2. Global Turmeric Oleoresin Market, By End-Use Industry, 2021 - 2031 (USD Million)
      1. Pharmaceuticals
      2. Personal Care & Cosmetics
      3. Food & Beverages
    3. Global Turmeric Oleoresin 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. Ungerer & Company
      2. Vidya Herbs Pvt. Ltd
      3. Nikita Extracts
      4. Kancor Ingredients Ltd
      5. Universal Oleoresins
      6. Ozone Naturals
  7. Analyst Views
  8. Future Outlook of the Market