It is believed that the Turmeric Market is a vibrant and growing industry in the world's agricultural and spice industry. Turmeric is scientifically called Curcuma longa is a flowering plant native to South Asia. It has been used for centuries in the form of a spice a traditional medicine, and a coloring ingredient in many culinary styles and cultures across the world. The demand for turmeric has expanded significantly in recent years, driven by its numerous health benefits and versatile applications.
One of the primary motives behind the demand for turmeric is its popularity as a potent natural cure. Turmeric contains an active substance known as curcumin, which is a potent ingredient with powerful anti-inflammatory, antioxidant, and antimicrobial capabilities. The properties of curcumin have helped make turmeric and curcumin an integral component of alternative and complementary medicine leading to the rising popularity of turmeric supplements and capsules, and extracts.
In addition, its culinary applications have contributed to its growth in the market. It is a common ingredient used in Indian, Middle Eastern, and Southeast Asian cuisines, adding a distinctive flavor and vibrant color to various food items. The increase in global trends in food such as the rise in popularity of ethnic cuisines, has increased the demand for the use of turmeric as an ingredient in cooking spice in both its raw and processed forms.
In recent years, the turmeric market has experienced a dramatic geographical expansion. Although India remains the main producer and consumer of turmeric, however, other countries, such as Bangladesh, Pakistan, Myanmar, and Indonesia have increased production to meet the increasing demand in the world. Additionally, there's seen a rise in the amount of the cultivation of turmeric in areas outside of Asia such as Central and South America, Africa, and Australia as both farmers and businesses in agriculture recognize the potential of this market.
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