Press release
Global Demand for Turmeric Oleoresin Market is Expected to Progress to Reach US$ 192.2 Mn by 2034
Market Size and Growth
The Turmeric Oleoresin Market was valued atUS$ 75.5 Mn in 2023 and is projected to grow at a CAGR of 8.8% during the forecast period, reaching US$ 192.2 Mn by 2034. Factors contributing to this growth include rising awareness about the health benefits of turmeric, increasing preference for natural additives, and the expanding use of turmeric oleoresin in emerging industries.
๐๐๐ญ ๐ ๐๐ฅ๐ข๐ฆ๐ฉ๐ฌ๐ ๐๐ง๐ฌ๐ข๐๐: ๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐ค๐๐ฒ ๐๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐๐ง๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ซ๐จ๐ฆ ๐จ๐ฎ๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ ๐ข๐ง ๐ญ๐ก๐ข๐ฌ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=84559
Market Segmentation
By Service Type:
Extraction Services
Processing and Packaging
Quality Testing and Certification
By Sourcing Type:
Conventional Sourcing
Organic Sourcing
By Application:
Food and Beverages
Culinary Seasonings
Natural Colorants
Pharmaceuticals
Anti-inflammatory Drugs
Digestive Supplements
Cosmetics
Skincare Products
Haircare Solutions
By Industry Vertical:
Food & Beverage
Healthcare
Personal Care & Cosmetics
Others (Animal Feed, Dyes, etc.)
By Region:
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
๐๐๐ญ ๐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ: https://www.transparencymarketresearch.com/turmeric-oleoresin-market.html
Regional Analysis
North America:
The region leads in the adoption of natural and organic products, driven by consumer demand for clean-label ingredients. The United States and Canada dominate the market due to their advanced food and nutraceutical sectors.
Europe:
Europe is a significant market, with countries like Germany and the UK showing strong demand for turmeric oleoresin in pharmaceuticals and cosmetics.
Asia-Pacific:
Asia-Pacific holds the largest market share due to high turmeric production in countries like India and China. The region's traditional use of turmeric in medicine and cooking further bolsters the market.
Latin America and Middle East & Africa:
These regions exhibit emerging opportunities due to increasing awareness and investment in the food and beverage sector.
Market Drivers and Challenges
Market Drivers:
Health Benefits of Turmeric: The growing awareness of curcumin's anti-inflammatory, antioxidant, and anti-cancer properties.
Rising Demand for Natural Ingredients: A shift from synthetic to natural additives in food and cosmetics.
Growing Applications in Pharmaceuticals: Increased utilization in the development of dietary supplements and herbal medicines.
Market Challenges:
High Production Costs: The extraction process is resource-intensive, impacting affordability.
Regulatory Challenges: Strict regulations for natural extracts in food and pharmaceuticals.
Supply Chain Disruptions: Dependence on turmeric production in specific regions creates volatility.
Market Trends
Organic Product Demand: Increasing consumer preference for organically sourced turmeric oleoresin.
R&D Investments: Companies are investing in research to enhance extraction efficiency and curcumin content.
Innovative Applications: Growth in niche applications such as pet food additives and textile dyes.
Competitive Landscape
The market features key players focusing on strategic partnerships, product innovation, and geographic expansion. Leading companies include:
Synthite Industries Ltd.
Akay Group Ltd.
Kancor Ingredients Ltd.
Plant Lipids Pvt. Ltd.
AVT Natural Products Ltd.
Future Outlook
The Turmeric Oleoresin Market is poised for significant advancements over the next decade. The increasing incorporation of turmeric oleoresin into innovative products, coupled with expanding global awareness, will likely sustain its growth trajectory.
Key Market Study Points
Health and Wellness Trends: Tracking the impact of consumer health consciousness on market dynamics.
Production and Supply Chain Analysis: Understanding the dependence on turmeric-producing countries.
Technological Advancements: Evaluating innovations in extraction processes.
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Turmeric oleoresin is obtained by the extraction of roots of Curcuma longa Linn, processed with volatile solvents such as methanol, ethanol, and isopropanol, etc. It is typically a spice oleoresin that mainly constitutes of 15% to 20% of curcumin, obtained from the ground rhizomes of turmeric. Turmeric oleoresin is available in yellow to dark red-brown paste, lumps, powder or liquid form. It finds significant application in the food industry asโฆ
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Turmeric oleoresin is obtained by the extraction of roots of Curcuma longa Linn, processed with volatile solvents such as methanol, ethanol, and isopropanol, etc. It is typically a spice oleoresin that mainly constitutes of 15% to 20% of curcumin, obtained from the ground rhizomes of turmeric. Turmeric oleoresin is available in yellow to dark red-brown paste, lumps, powder or liquid form. It finds significant application in the food industry asโฆ
