(Food-Beverage-News.Com, January 25, 2018 ) Global turmeric market is likely to witness significant growth in terms of value and volume due to increasing awareness regarding rising health benefits of turmeric consumption. One of the major reasons behind this growth is launching of variants of turmeric products by the manufacturers across the globe to cater the evolving needs of customers related to various health concerns and increasing demand for clean label food products. Market Research Reports Search Engine (MRRSE) has been recently included this new report, “Turmeric Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017 – 2027),” in its repository. This report tracks the details of the market for turmeric throughout the projected period.
Increasing use of curcumin in the Nutraceutical industry
Growing popularity of ethnic food among European countries
High demand for natural food colours in confectionery
Shifting trend from conventional to traditional medicines
Government’s initiatives for herbal medicines
Geographical expansion strategy in response to consumers’ demand
Complimentary herbal medicinal products to boost growth of the turmeric market
Global Turmeric Market- Analysis by Segments
This market is segmented into application type, product type, by origin, by sales channel and by region. Based on product type, processed turmeric segment ruled the global market for turmeric in 2016, and is likely to continue to perform better during the assessed period. Turmeric is extensively used as a spice in turmeric market of Asia owing to ethnic taste preference of the local population. By application, in 2016 industrial segment followed by commercial segment accounted for high revenue share in the worldwide turmeric market. By origin, Alleppey turmeric followed by Madras segment are expected to represent maximum revenue share in the overall turmeric market by 2027 end.
On the basis of value, direct sales segment of by sales channel segment is anticipated to be the most attractive in the turmeric market across the world throughout the estimated period and is likely to lead the market accounting for a revenue share by 2027 end.
The turmeric market in Western Europe accounted for largest revenue share in 2016. Presence of multicultural population in European countries along with extended applications of turmeric as a natural food supplement and natural herbal product is likely to result in higher market revenue.
Global Turmeric Market- Key Players
Frutarom Industries Ltd., Chr. Hansen A/S, Vigon International Inc., Sabinsa Corporation, Universal Oleoresins, Synthite Industries Limited, The Archer Daniels Midland Company, Ungerer & Company, Kalsec Inc., Sensient Technologies Corporation, Everest Spices, Naturex S.A., BOS Natural Flavors Private Limited, McCormick & Comp, Kancor Ingredients Limited, Roha Dyechem Pvt. Ltd., DDW The Colour House, and ITC Limited are few key companies that are functioning in the global market for turmeric.
This full fledge report is one of its kind which provide dashboard view of various key companies operating in this market. One of the significant features of this report is the detail analysis of the chief segments with regard to attractiveness index of the turmeric market. Identification of exact growth opportunities, incremental dollar opportunity and Y-o-Y growth have also been taken into view while examining this report. SWOT analysis and detail study of market strategies are another unique elements that have been added to make this report a comprehensive one.
Market Research Reports Search Engine (MRRSE) is an industry-leading database of Market Research Reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords.
MRRSE partners exclusively with leading global publishers to provide clients single-point access to top-of-the-line market research. MRRSE’s repository is updated every day to keep its clients ahead of the next new trend in market research, be it competitive intelligence, product or service trends or strategic consulting.
Contact Us
State Tower 90, State Street Suite 700 Albany, NY – 12207 (United States) Telephone: +1-518-730-0559 (US- Canada Toll Free) Email: sales@mrrse.com Website: https://www.mrrse.com/ Read More Industry News At: https://www.industrynewsanalysis.com/
