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Turmeric Oleoresin Market Trends

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

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Turmeric Oleoresin Market Trends

The turmeric oleoresin industry is experiencing significant growth, driven by increasing consumer demand for natural and clean-label ingredients across various industries. According to the United Nations Food and Agriculture Organization (FAO), global turmeric production reached 2.1 million tonnes in 2021, with India accounting for about 80% of the total production. The U.S. Food and Drug Administration (FDA) reports a rise in turmeric-based dietary supplement products, from 119 in 2012 to over 400 in 2021, indicating growing consumer interest in turmeric's health benefits.

The European Food Safety Authority (EFSA) has recognized turmeric's potential health claims, further boosting its market growth. The National Center for Complementary and Integrative Health (NCCIH) reports that turmeric was among the top 15 natural products used by adults in the United States in 2021. These trends, combined with advancements in extraction technologies and a focus on sustainable sourcing, are expected to drive the market's expansion in the coming years.

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.