The Turmeric Oleoresin market is simmering with potential, projected to grow at a steady CAGR of 5.20% from 2022 to 2032 (USD 71.1 Million to USD 118.1 Million). This golden extract, derived from the Curcuma longa plant, is capturing the attention of investors due to its versatility and alignment with key consumer trends.
Demand Fueled by a Health-Conscious Craving
The rising demand for natural and healthy ingredients is a major driver of the Turmeric Oleoresin market. Consumers are increasingly seeking alternatives to synthetic colors and flavors, and turmeric oleoresin offers a vibrant, all-natural solution. Furthermore, growing awareness of turmeric’s potential health benefits, including its anti-inflammatory and antioxidant properties, is driving interest from the pharmaceutical and nutraceutical industries.
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 soluble in water and 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 utilized in food as a gelling, stabilizing, thickening, or emulsifying agent. It can be used as a skin conditioner or emollient in cosmetics.
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What are the different useful advantages of Turmeric Oleoresin in the pharmaceutical and healthcare 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 reducing inflammation and boosting your immune system. Additionally, it might aid in lowering cholesterol levels and enhancing blood sugar regulation.
Country-Wise Insights
- 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.
- 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 leading countries in the market for turmeric oleoresin are China, Brazil, and India. The cosmetic sector uses turmeric oleoresins extensively in products like dyes, creams, lotions, and others.
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 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.
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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
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
- Middle East and Africa (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
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