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Turmeric Oleoresin Market

Market Insights on Turmeric Oleoresin covering sales outlook, demand forecast & up-to-date key trends

Turmeric Oleoresin Market by Product Type, Distribution Channel, End-use & Region - Forecast 2022 - 2032

Turmeric Oleoresin Market Outlook

According to Future Market Insights research, during the projected period, the Turmeric Oleoresin market is expected to grow at a CAGR of 5.20%. The market value is projected to increase from US$ 71.1 Mn in 2022 to US$ 118.1 Mn by 2032. The Turmeric Oleoresin market was valued at US$ 68.6 Mn at the end of 2021 and is anticipated to exhibit CAGR growth of in 2016-2021.

Market Size Value in 2022

US$ 71.1 Mn

Market Forecast Value in 2032

US$118.1 Mn

Global Growth Rate (2022 to 2032)

5.20% CAGR

Forecast Period

2022-2032

Market Share of UK in Europe

4.40%

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Introduction

A kind of spice oleoresin is turmeric oleoresin, that is a pure extract of turmeric (Curcuma longa). The flavouring elements in turmeric oleoresin are identical to those in the spice, as well as the oleoresin contains 5 to 15% curcumin. The food industry makes extensive use of turmeric oleoresin as a flavouring ingredient. Turmeric oleoresin production has had to rise as a result of the quickly rising demand for packaged spices in culinary goods.

Due to its soluble qualities, turmeric oleoresin is utilised throughout the world as a food additive in a variety of food products. The leading countries in the market for turmeric oleoresin are China, Brazil, and India. The cosmetic sector uses turmeric oleoresins extensively in products like dye, creams, lotions, and others.

The production of medications for the treatment of cancer, joint pain, and other conditions related to these is frequently preferred to using turmeric oleoresins. The global market for turmeric oleoresins has expanded as a result of rising customer preference for natural oleoresins versus conventional oleoresins.

Comparing historical outlook and projections for the world's Turmeric Oleoresin

A natural substance called turmeric oleoresin has been utilized for its therapeutic benefits in Asia for ages. Turmeric's primary active component, curcumin, gives the herb its characteristic yellow hue. Strong anti-inflammatory and antioxidant capabilities of curcumin are thought to be the cause of many of its health advantages.

The possible health advantages of turmeric oleoresin have drawn increasing attention in recent years. Studies have showed that it can assist to lessen pain and inflammation while also enhancing mental and cognitive wellness. To confirm these possible advantages, additional research is required because the majority of these trials have been small. Despite the paucity of conclusive proof, there is now an increase in demand for turmeric oleoresin.

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Country-wise Insights

What the overview of the market of Turmeric Oleoresin in the world?

Turmeric Oleoresin is a natural yellow pigment derived from the roots of the Curcuma longa plant. It is widely used as a colorant in food and beverage applications. The global turmeric oleoresin market was valued at US$ 68.6 million in 2021, and is projected to reach US$ 71.1 million by 2022, growing at a CAGR of 5.20% during the forecast period.

The rising demand for natural colors in food and beverage applications is a key factor driving the growth of the turmeric oleoresin market. In addition, the increasing use of turmeric oleoresin as an alternative to synthetic colorants is another factor fueling market growth. However, the high cost of raw materials is hindering the growth of the turmeric oleoresin market. Turmeric Oleoresin is a natural product derived from the roots of the Curcuma longa plant. It is used as a food coloring and flavoring agent, and has been shown to have health benefits. The global market for turmeric oleoresin is growing due to the increasing demand for natural and healthy products. The global market for turmeric oleoresin is growing due to the increasing demand for natural and healthy products.

What are the prospects for Asia Pacific in the global market for turmeric oleoresin?

Turmeric Oleoresin is an extract of the Curcuma longa plant and is used as a spice, food coloring, and dietary supplement. Turmeric Oleoresin is produced mainly in India and China and is exported to countries in the Asia Pacific region, North America, and Europe. The majority of the demand for Turmeric Oleoresin comes from the food industry, where it is used as a natural food coloring agent. In recent years, there has been an increase in demand for Turmeric Oleoresin as a dietary supplement due to its purported health benefits.

Category-wise Insights

What are the major drivers for Turmeric Oleoresin Market?

The tuber of the African yam bean can be used to isolate the plant protein known as turmeric oleoresin. It has numerous uses in cosmetics, medicines, and food.

The African yam bean tuber can be used to isolate turmeric oleoresin. It is a soluble in water white to yellowish-white powder. Turmeric oleoresin is mostly used as a food additive, but it also has use in cosmetics and medicine.

Turmeric oleoresin’s special qualities make it suitable for a variety of uses. It can be utilised in food as a gelling, stabilizing, thickening, or emulsifying agent. It can be used as a skin conditioner or emollient in cosmetics.

What are the different useful advantages of Turmeric Oleoresin in pharmaceutical and health care sector?

“Turmeric Oleoresin: A New Method for Cancer Treatment”

Turmeric oleoresin segmentation is used in a novel cancer treatment strategy that researchers have created. It operates by concentrating on and destroying cancer cells. Turmeric oleoresin may be beneficial for your health in a number of ways, including by reducing inflammation and boosting your immune system. Additionally, it might aid in lowering cholesterol levels and enhancing blood sugar regulation.

Elaborate the Segmentation of Turmeric Oleoresin according to form?

It can be found in two main forms: a soluble form and an insoluble form.

The insoluble form is frequently utilised in topical applications like creams or ointments while the soluble form is typically used in supplements since it is more readily absorbed by the body.

The soluble form is more easily absorbed by the body and is typically used in supplements, while the insoluble form is often used in topical applications such as creams or ointments.

What is the major restraint for Turmeric Oleoresin Market?

Due to its low yield and high manufacturing costs, the market for turmeric oleoresin faces significant challenges. Only 2% to 5% of turmeric oleoresin is curcumin; the remainder is made up of mono- and sesquiterpenes, essential oils, resins, and other substances. A naturally occurring, yellow to orange-colored extract of the Curcuma longa root is turmeric oleoresin. In the food business, it serves as a flavouring and colouring agent. The FDA's strict restrictions and the scarcity of raw materials are two additional market inhibitors.

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Supermarket and Industrial Distributors Are Propelling the Growth Turmeric Oleoresin in Market

The Turmeric Oleoresin market is expected to grow at a CAGR of 4.60% during the forecast period of 2022-2032. The report provides an in-depth analysis of the key players in the market, along with their business strategies and market share. Globally, the market for Turmeric Oleoresin has grown dramatically in recent years. The growing population and their changing lifestyles are the key contributors to this. Other key factors impacting the market's growth are the demand for healthier food options and the rise in consumer health consciousness.

The rise in supermarkets and commercial distributors has also had a substantial positive impact on the market for Turmeric Oleoresin. These distributors are helping to spread these items' geographic reach. They also engage in promotional activities that aid in the growth of this market. Costs are being reduced as a result, and production efficiency is rising.

Turmeric oleoresin is a natural extract of the Curcuma longa plant and is increasingly being used as a food coloring and flavoring agent in the food industry. Supermarket and industrial distributors are propelling the growth of turmeric oleoresin in the market.

Turmeric oleoresin has a number of advantages over synthetic food colorings. It is natural, non-toxic, and does not cause any side effects. Additionally, it is more stable and less likely to fade than synthetic food colorings. Turmeric oleoresin also imparts a distinct flavor to foods that synthetic flavorings cannot match.

The growing popularity of turmeric oleoresin is due in large part to the efforts of supermarket and industrial distributors. They have been instrumental in making this natural extract available to the food industry on a large scale.

Competitive Landscape

The market for turmeric oleoresin is highly competitive. There are a large number of suppliers and the product is commoditized. Prices are low and there is little differentiation among suppliers. The main buyers are spice manufacturers, who use the oleoresin to produce spices such as curry powder and turmeric powder.

The leading suppliers of turmeric oleoresin are based in India and China. Indian suppliers have a cost advantage due to the lower labor costs in India. Chinese suppliers have a quality advantage due to the higher standards of manufacturing in China.

There is little brand loyalty among buyers of turmeric oleoresin. Buyers purchase from the supplier that offers the lowest price at the time of purchase. Suppliers must continually offer low prices to stay competitive.

The market for Turmeric Oleoresin is highly competitive. There are a few large players that dominate the market and many smaller companies that compete for market share. The larger companies have the advantage of economies of scale and can produce Turmeric Oleoresin at a lower cost than the smaller companies. They also have better brand recognition and customer loyalty. The smaller companies have the advantage of being nimbler and can respond quickly to changes in the market. They also have the opportunity to develop new products and enter new markets.

Turmeric Oleoresin Market Report Scope

Attribute

Details

Forecast Period

2022-2032

Historical Data Available for

2017-2022

Market Analysis

US$ Mn for Value and Units for Volume

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Oceania
  • MEA

Key Countries Covered

  • US
  • Canada
  • Mexico
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Brazil
  • Argentina
  • South Africa
  • UAE

Key Segments Covered

  • By Product form
  • By Type
  • By Region
  • By End -user
  • By Region
  • By Distribution Channel

Key Companies Profiled

  • Nikita Extracts
  • Ungerer & Company
  • Kancor Ingredients Limited
  • Asian Oleoresin Company
  • Vidya Herbs pvt. Ltd.
  • Naturite Agro Products Ltd.
  • Universal Oleoresins
  • Synthite Industries Ltd
  • DDW The Color House
  • Ozone Naturals and Indo-World

Report Coverage

Market Forecast, Company Share Analysis, Competitive Landscape, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Customization & Pricing

Available upon Request

Turmeric Oleoresin segmentation

By End-use, the Turmeric Oleoresin Market is segmented as:

  • Hotel
  • Restaurants
  • Cafes
  • Cloud Kitchens
  • Domestic Purpose
  • Cosmetic
  • Pharmaceutical industry

By Region, the Turmeric Oleoresin Market is segmented as:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Oceania
  • MEA

By Product type, the Turmeric Oleoresin Market is segmented as:

  • Powder
  • Paste
  • Oil

By Distribution channel the Turmeric Oleoresin Market is segmented as:

  • Hyper Market/Supermarket
  • Convenience Store
  • Retailers
  • Online

Frequently Asked Questions

The global Turmeric Oleoresin market will reach a valuation of US$ 71.1 Mn by the end of 2022.

The global Turmeric Oleoresin market is forecasted to surpass US$ 118.1 Mn by the end of 2032.

USA, Germany, Japan, China, India, Australia, UK are the major countries driving demand for Turmeric Oleoresin Market.

The US Turmeric Oleoresin Market is contributing of total market share 33.60%.

In Germany Turmeric Oleoresin Market is contributing of CAGR of latest year 28.90%.

The total market share of turmeric oleoresin in Japan is estimated to be 10.20% in 2022.

In India, the market for turmeric oleoresin is expected to contribute 6.20% of the country's overall market in 2022.

In China, the market for turmeric oleoresin is expected to contribute 4.40% of the country's overall market in 2022.

In Australia, the market for turmeric oleoresin is expected to contribute 2.40% of the country's overall market in 2022.

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Nandini Roy Choudhury
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Turmeric Oleoresin Market