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Turmeric Oleoresin Market Size

Report ID: GMI12376
Published Date: Nov 2024
Report Format: PDF

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Turmeric Oleoresin Market Size

The global turmeric oleoresin market size was valued at USD 79.3 million in 2024 and is projected to expand to over 5.7% CAGR from 2025 to 2034. Turmeric oleoresin, a concentrated extract from turmeric containing essential oils, resins, and curcuminoids (primarily curcumin), is gaining traction in various industries. According to the United States Department of Agriculture (USDA), India, the world's largest producer of turmeric, exported 136,000 metric tons of turmeric and turmeric products in 2020-2021, indicating a significant global demand.

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The extract is widely used in food and beverages as a natural coloring and flavoring agent, in pharmaceuticals for its anti-inflammatory and antioxidant properties, and in cosmetics for skincare benefits. The U.S. Food and Drug Administration (FDA) recognizes turmeric oleoresin as a Generally Recognized as Safe (GRAS) substance, further supporting its use in food applications. Market growth is driven by increasing demand for natural ingredients, the rising popularity of functional foods, and expanding applications in nutraceuticals.

Turmeric Oleoresin Market Report Attributes
Report Attribute	Details
Base Year:	2024
Turmeric Oleoresin Market Size in 2024:	USD 79.3 Million
Forecast Period:	2025 - 2034
Forecast Period 2025 - 2034 CAGR:	5.7%
2034 Value Projection:	USD 137 Million
Historical Data for:	2021 - 2024
No. of Pages:	235
Tables, Charts & Figures:	165
Segments covered:	Product type, extraction process, application, distribution channel
Growth Drivers:	Increasing consumer awareness of the health benefits of turmeric Shift towards natural and clean-label products in food, beverages, and cosmetics Growing consumer preference for sustainably sourced and organic products Increasing use in cosmetics and skincare products
Pitfalls & Challenges:	Fluctuations in the prices of raw turmeric Competition of synthetic alternatives

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The National Center for Complementary and Integrative Health (NCCIH) reports ongoing clinical trials investigating turmeric's potential health benefits, which could further boost market demand. Opportunities in the turmeric oleoresin market include developing innovative formulations for health supplements and catering to clean-label, organic, and sustainable product trends, aligning with the growing consumer preference for natural and plant-based ingredients as reported by the USDA's Economic Research Service.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of turmeric oleoresin reached USD 79.3 million in 2024 and is set to grow at a 5.7% CAGR from 2025 to 2034, driven by increasing consumer awareness of turmeric's health benefits.

The solvent extraction segment was valued at USD 51.2 million in 2024 and is anticipated to grow at a 5.4% CAGR from 2025 to 2034, owing to its efficiency in yielding high concentrations of curcuminoids and essential oils.

The China market was valued at over USD 5.3 million in 2024 and is expected to expand at a 5.1% CAGR until 2034, driven by increasing consumer awareness of turmeric's health benefits.

The key players in the industry include Asian Oleoresin Company, DDW The Color House, Indo-World, Kancor Ingredients Limited, Nikita Extracts, Ozone Naturals, Synthite Industries Ltd, Universal Oleoresins, and Vidya Herbs Pvt. Ltd.