The report on global turmeric oleoresin market evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2016-2022. The market size in terms of revenue (USD MN) is calculated for the study period along with the details of the factors affecting the market growth (drivers and restraints). Learn details of the Research: Trends and Opportunities by 2022
The global turmeric oleoresin market is segmented on the basis of forms, application and region. The turmeric oleoresin market is segmented on the basis of form into powder, paste and oil.
The turmeric oleoresin market is segmented on the basis of application includes food and beverage, cosmetics and personal care products, and pharmaceuticals. Turmeric oleoresin is used as a natural colour in various food products such as pickles and salad dressings, dairy products, bakery products, beverages and cereals.
Turmeric oleoresin is mostly used as a food coloring agent due to its intense coloring properties. Among the application segment food and beverage segment hold the major share in terms of value and volume.
Hence, the global Turmeric oleoresin market is expected to increase the revenue contribution significantly over the forecast period.
Turmeric oleoresins is having wide application in cosmetic industry as well in products such as dye, lotions, creams, and others. Turmeric oleoresins is widely preferred in preparation of drugs that are used for treating back pain, cancer, and other such related problems.
Increasing consumer preference towards natural oleoresins over the conventional oleoresins has resulted in the growth of the global turmeric oleoresin market.
Geographically, the global turmeric oleoresin industry can be divided by major regions which include North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, Middle East and Africa. Globally, among all regions, Asia Pacific has developed as the dominant region in global turmeric oleoresin market followed by Latin America.
India, China and Brazil are the major leading countries in the production of turmeric oleoresins. Increasing consumer preference towards natural ingredients coupled with ease of application and available in different forms, has strengthened the growth of global turmeric oleoresin market and hence is market projected to significantly expand over the forecast period.
Increasing consumer demand for natural food coloring agents due to the intense coloring property is one of the major driving factor of the global turmeric oleoresin market. Turmeric oleoresins are widely used in baking industry.
Another major driving factor of global turmeric oleoresin market is the usage of oleoresin in dry mixes and margarines which is leading to the increase in consumption of the oleoresin over the forecast period.
Global Turmeric Oleoresin Market: Regional Segment Analysis
The Major players reported in the market include:
Ungerer & Company
Reincke & Fichtner
Global Turmeric Oleoresin Market: Product Segment Analysis
Global Turmeric Oleoresin Market: Application Segment Analysis
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