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.

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.

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.