Precision Business Insights has published a report on the global turmeric market, estimating its value at USD 5,276.0 Million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 5.9% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/turmeric-market
The turmeric market refers to the global industry involved in the cultivation, production, distribution, and utilization of turmeric. Turmeric, derived from the root of the Curcuma longa plant, is valued for its vibrant yellow color and active compound, curcumin, which offers numerous health benefits. This market spans various sectors, including food and beverages, pharmaceuticals, cosmetics, and dietary supplements, where turmeric is used for its flavoring, coloring, and medicinal properties.
Drivers:
1)Rising disposable incomes: Higher spending power in developing countries is driving the purchase of premium turmeric products
2) Health benefits: Turmeric's active compound, curcumin, is known for its anti-inflammatory, antioxidant, and medicinal properties, boosting its demand in pharmaceuticals and nutraceuticals.
The global turmeric market segmentation:
1) By Product Type: Raw, Processed
2) By Form: Whole, Powder
3) By Application: Cosmetics, Pharmaceutical, Food & Beverage, and Others
4) By Distribution Channel: Supermarkets, Hypermarkets, and e-commerce websites
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Regional Overview:
The report also examines the current concerns and their Future Effects on the turmeric market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the turmeric market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
North America (U.S., Canada)
Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The competitive landscape is dominated by major players like naturex s.a., feel good organics, aryan international, kauai organic farms, windcrest farm, nhr organic oils, spicely organics, turmeric australia, organic wise, oregon's wild harvest, jacarandas international, mountain rose herbs
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