Turmeric Market Report Focus On Landscape | Current And Future Development 2023-2031

The global Turmeric market is set to record the CAGR of nearly 7.2% over the period from 2020 to 2026. The report offers assessment and analysis of the Turmeric market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).

"Final Report will add the analysis of the impact of COVID-19 on this industry."

Turmeric belongs to rhizomatous herbaceous perennial plant family of ginger referred as Zingiberaceae and is the key source of curcumin. It possesses many beneficial medicinal features as well as anti-inflammatory, anti-oxidant, and anti-tumor characteristics. Apparently, the spice helps in effectively managing metabolic syndrome, hyperlipidemia, cerebral ischemia disorder or ischemic injury, respiratory tract disorders, anxiety, arthritis, oxidative stress ailments, cerebral stroke, neuronal disorder, and degenerative eye conditions. In addition to this, the product offers numerous health benefits including benefits for kidneys. Moreover, Curcuma longa or rhizomatous herbaceous perennial has been used in Asia as a medicinal plant owing to its anti-mutagenic, anti-cancer, anti-microbial, anti-oxidant, and anti-inflammatory properties.

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In addition to this, it is extensively used as spice in cooking across Middle East regions as well as South Asian countries. It is intensely utilized in sweet & savory dishes as well as in turmeric pickle in East Asian countries. Photochemical analysis of turmeric has unleashed its contents like volatile oils, curcumin, and curcuminoids having inherent & beneficial pharmacological features.

COVID-19 Impact Analysis:

The outbreak of COVID-19 has certainly compelled the Turmeric take a backseat, as combating Covid-19 is the topmost priority as of now. Though the defense personnel are full-on with their tasks, research pertaining to warfare has slowed down, as budgets are being diverted towards the healthcare vertical in wake of the ongoing pandemic. It will take atleast mid-2022 for the situation to normalize with more than 80% of the global population getting vaccinated. Thereafter, Turmeric is likely to pick up pace.

Geographically, the analysis examines production, consumption, revenue (million USD), market share, and rate of growth of Turmeric in several key regions, including North America, Europe, Asia-Pacific, South America, the Middle East, and Africa, from 2023 to 2030.

The major Manufactures in Turmeric Market Report covered are:

● Windcrest Farm
● Oregon's Wild Harvest
● Organic Wise
● Naturex S.A.
● Jacarandas International
● Mountain Rose Herbs
● NHR Organic Oils
● Kauai Organic Farms
● Feel Good Organics
● Spicely Organics
● Turmeric Australia

Segment Analysis of the Global Turmeric Market

The research report divides the market into segments based on location (country), manufacturer, type, and application. During the forecast period of 2023 to 2030, each kind gives information on output. Consumption is also provided for the Application sector for the forecast period of 2023 to 2030. Understanding the segments aids in determining the importance of various market growth variables.

The Turmeric market is segmented by Product Type:

● Raw
● Processed

The Turmeric market is segmented by Applications:

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

Market Growth Dynamics

Turmeric comprises of curcumin as its key components which has assisted in prevention of chronic ailments including Alzheimer and cancer as well proves to be helpful in providing relieve to the patients suffering from depression. This will prop up the growth of the market in the years ahead. Furthermore, clinical trials conducted by NIH researchers have demonstrated that curcumin - a key component of curcuma longa- has proved to be effective against various human ailments including heart disorders, tropical pancreatitis, uveitis, Crohn's disease, irritable bowel syndrome, gastric inflammation, psoriasis, atherosclerosis, and renal conditions.

In addition to this, turmeric consumption can also help in increasing the immune system and is used as herbal therapeutic agent in chronic uveitis, skin cancer, wound healing, liver ailment, small pox, conjunctivitis, gall bladder problems, urinary tract infections, and chicken pox, thereby driving the expansion of turmeric market over forecast timespan. Moreover, NIH researchers have exhibited the proficiency, pharmacokinetics, and safety of turmeric against many disorders occurring in the humans. All these aforementioned will drive the market trends.

Asia Pacific Market To Attain Numero Uno Position During Forecast Timespan

The growth of the market in Asia Pacific over the forecast timespans is due to highest production of turmeric in the region with Indian turmeric considered to be best in the world as per NCBI reports. Moreover, India consumes nearly eighty percent of the product and uses it in its routine cooking activities. It is also massively consumed in countries like China, Tibet, Mongolia, and Japan. Furthermore, India being the largest producer of turmeric, the market in the region is likely to attain scalable heights in the near future.

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Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database.

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