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Global Turmeric Market Projected To Power At A CAGR Of Around 7.2% During 2020 to 2026 – Zion Market Research

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Turmeric Market - By Type (Raw and Processed), By Application (Health & Personal Care Products, Industrial, Household, and Commercial), By Distribution Channel (Direct Sales and Indirect Sales), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

— As per Zion Market Research, the global turmeric market is expected to grow at a CAGR of about 7.2% during the forecasted period 2020–2026. Turmeric powder is prepared by grinding of dry and mature turmeric rhizomes. It is a type of spice that has zero cholesterol and no calories. It is rich in iron, potassium, dietary fiber, vitamin B6, and magnesium. The powder is also utilized as a coloring agent in the South Asian culinary. The turmeric plant leaves also have a distinct flavor and therefore are used in wrapping and cooking food. There are numerous benefits of turmeric owing to its phytochemistry. The compounds present in turmeric are called curcuminoids, which are demethoxycurcumin, curcumin, and bisdemethoxycurcumin. Turmeric also has volatile oils such as atlantone, turmerone, and zingiberene. Other ingredients of turmeric are resins, sugars, and proteins.

Some of the key players in the market are Naturex S.A., Mountain Rose Herbs, Kauai Organic Farms, Feel Good Organics, NHR Organic Oils, Windcrest Farm, Oregon's Wild Harvest, Spicely Organics, Organic Wise, Aryan International, Jacarandas International, and Turmeric Australia.

Raising Awareness About Health Benefits Of Turmeric To Boost The Global Organic Turmeric Market

A number of health benefits of turmeric are mainly responsible for propelling a splendid growth in the global organic turmeric market. The increasing awareness concerning the benefits of consuming organic foods also is a major aspect that is contributing to the market growth at a decent rate. This awareness exists as a result of the cultivation of turmeric plants without the utilization of insecticides, pesticides, and other harmful chemicals. Furthermore, with increasing consciousness about maintaining health with controlled diets is also impelling the demand for turmeric. Organic turmeric is widely used in cosmetics, healthcare, personal products, and other segments.

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The global turmeric market is bifurcated on the basis of type, application, distribution channel, and regional analysis. Based on the type, the market is divided into raw and processed. Based on the application, the market is divided into health & personal care products, industrial, household, and commercial. Based on the distribution channel, the market is divided into direct sales and indirect sales.

The Asia Pacific Region Expected To Dominate The Global Turmeric Market

Based on the geographical analysis, the global turmeric market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The Asia Pacific region dominated the market largely owing to enormous turmeric production in the major economies like India and China. India is a chief producer of turmeric products; therefore the country is boosting the market growth across the region. In 2016, India contributed 78% of the worldwide turmeric production, and this number is likely to increase in the coming years. With an increase in the demand for turmeric from western countries, a surge in turmeric exports from the Asian regions is anticipated to occur, hence boosting the market growth.

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The global turmeric market is segmented as follows:

By type:

Raw
Processed

By application:

Household
Industrial
Commercial
Health & Personal Care Products

By distribution channel:

Direct Sales
Indirect Sales

By region:

North America
The U.S.
Canada

Europe
France
The UK
Spain
Germany
Italy
Rest of Europe

Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific

Latin America
Brazil
Mexico
Rest of Latin America

Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa

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About Us:

Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

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Source URL: https://marketersmedia.com/global-turmeric-market-projected-to-power-at-a-cagr-of-around-72-during-2020-to-2026-zion-market-research/88980282

Source: MarketersMedia

Release ID: 88980282

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