Turmeric Market Size, Share, Growth, Trends and Analysis Upto 2021
The Turmeric Market Research Report provides Industry analysis and evaluation of the current & prospective Market Size, Share, Trend and Growth during the study period (2014–2021).
This report examines the global turmeric market and provides information regarding the revenue (USD Million) for the period 2014 to 2021. It further elaborates the market drivers which contribute to the growth. It then describes the restraints that are faced by the market. The market is classified into various segments with deep analysis of each segment for the study period.
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Turmeric is an extract belonging to an herbaceous plant of ginger family. It is considered as an important ingredient in foods and in pharmaceutical industries. It has been used extensively in Asian countries for a variety of purposes. Its various applications include dyeing, in Ayurvedic medication as a healing ingredient, it is also used as a chemical analysis indicator to check the acidity and alkalinity, and as a food ingredient used in different curries. This market have experienced an augmented growth owing to its medicinal characteristics and increased attraction towards organic products.
Turmeric has been greatly used in Asia Pacific region since ancient years, thereby it makes Asia Pacific as the largest global supplier of turmeric. Considering its various medicinal properties and anti-septic nature, it has experienced new applications in cosmetics, herbal products and pharmaceutical companies, this has powered the growth of this market. Owing to its oligopoly market structure it has given opportunities to different new players to easily enter the market.
A glimpse of the major drivers and restraints affecting this market is mentioned below :
A. Drivers :
– Research and development in medical applications of turmeric
– Increased use in food and hotel industry
– Growing demand for herbal beautifying products
B. Restraints :
– Availability of cheaper alternatives in food colour industry
Report includes a detailed analysis on value chain in order to provide a holistic view of the turmeric market. Value chain analysis comprises detailed evaluation of the roles of various players involved in the turmeric industry, from raw material suppliers to end-users.
C. Major player assessed in the report are :
– Biomax Life Sciences Ltd.
– Synthite Industries Ltd.
– Hindustan Mint & Agro Products Pvt. Ltd.
– Arjuna Natural Extracts Ltd.
– SV Agrofood
– Star Hi Herbs Pvt. Ltd.
Geographically, this market has been segmented into regions such as North America, Europe, Asia Pacific and Rest of the World. The study details country-level aspects based on each segment and gives estimates in terms of market size.
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D. SEGMENTATIONS IN THE REPORT :
1. Turmeric By Applications :
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