Turmeric Oleoresin Market Analysis

Turmeric Oleoresin Market Analysis

The turmeric oleoresin industry demonstrated strong growth in 2021 and 2022. India, a key exporter, shipped 13,500 metric tons of turmeric oleoresin in 2021-22, valued at approximately USD 45 million, according to the Indian Spices Board. The United States Department of Agriculture (USDA) reported a 32% increase in U.S. turmeric imports between 2021 and 2022, indicating rising demand across various sectors. In Europe, the European Food Safety Authority (EFSA) maintained turmeric extract's approval as a food additive (E 100).

The China Chamber of Commerce of Medicines & Health Products Importers & Exporters recorded an 18% annual increase in turmeric oleoresin imports from 2021 to 2022. Furthermore, the Indian Ministry of Commerce and Industry reported a 15% rise in organic turmeric exports in 2021-22. These figures underscore the market's robust growth, driven by demand for natural colorants and flavorings, interest in turmeric's health properties, and trends in organic and sustainable sourcing practices.

To get key market trends

  Download Free Sample

The turmeric oleoresin market for liquid segment held over USD 47.2 million in 2024, growing at a CAGR of over 5.4% during the forecast period. Liquid turmeric oleoresin is gaining traction across various industries due to its concentrated potency and ease of application. In the food and beverage sector, it serves as a natural colorant and flavoring agent, particularly suitable for liquid formulations.
 

The pharmaceutical and nutraceutical industries utilize their anti-inflammatory and antioxidant properties in health supplements, topical treatments, and functional foods. The cosmetic industry incorporates it into skincare products for its soothing and anti-aging benefits. As demand for natural and organic ingredients rises, liquid turmeric oleoresin is poised for growth in both mainstream and niche markets globally.
 

The solvent extraction segment from turmeric oleoresin market was valued at USD 51.2 million in 2024 and garner a 5.4% CAGR from 2025 to 2034. Solvent extraction remains the primary method for producing turmeric oleoresin due to its effectiveness in yielding high concentrations of curcuminoids and essential oils. This technique's cost-efficiency and suitability for large-scale production make it the industry standard.
 

The application of solvent extraction is growing as industries demand high-quality, concentrated extracts for food, pharmaceutical, and cosmetic uses. Although interest in alternative methods like supercritical CO? extraction is increasing, solvent extraction maintains its dominance, especially in regions such as Asia-Pacific where cost-effectiveness and scalability are crucial considerations.
 

The turmeric oleoresin market share from the food & beverages segment is anticipated to experience around 5.2% CAGR during 2025-2034 with a market size of USD 31.4 million in 2024. The food and beverage industry presents substantial opportunities for turmeric oleoresin, primarily as a natural colorant and flavoring agent. Consumer demand for clean-label, chemical-free, and natural ingredients has increased its use in processed foods, sauces, soups, snacks, and beverages such as health drinks and teas.
 

Turmeric oleoresin's antioxidant and anti-inflammatory properties make it popular in functional and fortified foods targeting health-conscious consumers. The trend towards plant-based and organic products further expands its applications. As health and wellness become consumer priorities, the food and beverage industry continue to incorporate turmeric oleoresin in innovative product formulations.
 

Direct sales segment size dominated around USD 23.4 million in 2024 and garner a 5.1% CAGR through 2034. The direct sales channel plays a crucial role in the turmeric oleoresin market, particularly for bulk purchasers such as food manufacturers, nutraceutical companies, and pharmaceutical firms. This channel enables producers to establish long-term contracts and provide customized solutions to large clients who require consistent quality and supply. Direct sales are especially beneficial for businesses aiming to maintain transparency in sourcing, which is increasingly vital for clean-label and organic certifications.
 

As the demand for natural ingredients continues to rise, direct sales facilitate stronger supplier-customer relationships, streamline distribution processes, and reduce intermediary costs. This approach ultimately enhances profitability for both producers and buyers in the market.
 

The China turmeric oleoresin market size held over USD 5.3 million in 2024 and expected to grow at a 5.1% CAGR till 2034, driven by increasing consumer awareness of turmeric's health benefits, including its anti-inflammatory and antioxidant properties. The food and beverage industry's demand for natural food colorants and flavour enhancers is contributing to the market's expansion. Furthermore, the pharmaceutical and nutraceutical sectors are increasingly incorporating turmeric oleoresin into dietary supplements and wellness products.
 

Government support for herbal products and the growing preference for organic and clean-label ingredients are bolstering market prospects. The expansion of e-commerce platforms is creating new opportunities for producers to reach consumers directly and efficiently, further stimulating market growth.