Market Overview:
The global turmeric oleoresin market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for natural ingredients in food and beverage products, rising awareness about the health benefits of turmeric oleoresin, and growing demand for cosmetics and pharmaceuticals. Based on type, the global turmeric oleoresin market can be segmented into food grade, pharmaceutical grade, and others. The food grade segment is expected to account for the largest share of the global market in 2018 owing to its widespread use in various types of foods and beverages. The pharmaceutical grade segment is projected to grow at a higher CAGR than other segments during the forecast period due to its increasing use in various medicines and supplements. Based on application, the global turmeric oleoresin market can be divided into food & beverages, pharmaceuticals, cosmetics, and others. The food & beverages segment accounted for majority share of this market in 2017 due high demand from consumers across different regions for natural ingredients used as colorants or flavor enhancers in their favorite foods & drinks products such as juices smoothies etcetera .The cosmetics segment is projected grow at highest CAGR over next few years because it helps improve skin complexion ,eliminates blemishes ,and delays aging signs .
Product Definition:
Turmeric Oleoresin is a concentrated extract of turmeric. It is used as a coloring agent and flavor enhancer in food and beverage products.
Food Grade:
Food grade is the process of classifying oleoresin as fit for human consumption. It's a very strict regulation, which has to be followed by all oleoresins including medical and nutraceutical. The main reason for this regulation is that humans are the only consumers and therefore it's important to know what kind of product we are consuming.
Oleoresins can be divided into two types: culinary (food) and industrial (industrial).
Pharmaceutical Grade:
Pharmaceutical grade oleoresin is a natural extract derived from the plant turmeric. It has been used in traditional medicines to treat various skin diseases and inflammation related problems. The main active ingredients present in pharmaceutical grade oleoresin are curcuminoids, which have anti-inflammatory properties that help to reduce pain, swelling & tissue repair process of damaged cells.
Curcuminoids are also useful for the treatment of cancer.
Application Insights:
Food & beverages was the largest application segment in 2017 and is expected to witness a CAGR of XX% from 2018 to 2030. The product has numerous health benefits which include antioxidant, anti-inflammatory and anti-microbial properties. These oleoresin derivatives are used as natural colorants, flavoring agents and preservatives in food & beverages industry owing to their superior organoleptic properties.
Turmeric oleoresin finds its major use as an additive in dairy products, bakery products, meat products, processed foods & beverages on account of its high nutritional content (including vitamin B6), functional ingredients (such as antioxidants) along with good taste making it popular among consumers especially in developed economies such as U.S.
Regional Analysis:
Asia Pacific was the largest market for the product and accounted for a revenue share of over 35.0% in 2017. The region is anticipated to witness significant growth in future as well owing to increasing consumer awareness regarding nutritional benefits coupled with rising disposable income levels of consumers.
The demand for oleoresins is expected to increase due to their use in pharmaceutical, cosmetics, food & beverage and other industries which will drive the market further. Increasing health concerns among people are driving demand from nutraceutical sector which will propel industry growth over the forecast period.
North America turmeric oleoresin market is driven by growing consumption of products used as coloring agents and additives in food & beverages, pharmaceuticals, cosmetics applications across various end-use industries such as textile printing ink manufacturing or flavoring agent application etc.; all these factors are contributing towards increased consumption rate thus driving industry growth over the forecast period 2018 - 2030 (estimated).
Growth Factors:
- Increasing demand for natural and organic products: The global market for natural and organic products is projected to grow at a CAGR of more than 14% from 2016 to 2021. This growth is driven by the increasing awareness among consumers about the health benefits of natural and organic products.
- Rising consumer preference for herbal supplements: The global market for herbal supplements is projected to grow at a CAGR of more than 11% from 2016 to 2021. This growth is driven by the increasing preference among consumers for herbal supplements over conventional medications.
- Growing demand from emerging markets: The Asia-Pacific region is expected to be the fastest-growing region in terms of turmeric oleoresin consumption during the forecast period, followed by Latin America and Africa. This growth can be attributed to rising disposable incomes, growing population, and changing dietary habits in these regions.
Scope Of The Report
Report Attributes
Report Details
Report Title
Turmeric Oleoresin Market Research Report
By Type
Food Grade, Pharmaceutical Grade, Others
By Application
Food & Beverages, Pharmaceutical, Cosmetics, Others
By Companies
Nikita Extracts, Ungerer & Company, Kancor Ingredients, Asian Oleoresin Compan, Naturite Agro Products, Universal Oleoresins, DDW The Color House, BOS Natural Flavors, Ozone Naturals, Nikita Extracts
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
163
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Turmeric Oleoresin Market Report Segments:
The global Turmeric Oleoresin market is segmented on the basis of:
Types
Food Grade, Pharmaceutical Grade, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food & Beverages, Pharmaceutical, Cosmetics, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Nikita Extracts
- Ungerer & Company
- Kancor Ingredients
- Asian Oleoresin Compan
- Naturite Agro Products
- Universal Oleoresins
- DDW The Color House
- BOS Natural Flavors
- Ozone Naturals
- Nikita Extracts
Highlights of The Turmeric Oleoresin Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Food Grade
- Pharmaceutical Grade
- Others
- By Application:
- Food & Beverages
- Pharmaceutical
- Cosmetics
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Turmeric Oleoresin Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
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- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Turmeric Oleoresin is a natural extract of the root of the Curcuma longa plant. It is used as a spice and colorant in food.
Some of the major companies in the turmeric oleoresin market are Nikita Extracts, Ungerer & Company, Kancor Ingredients, Asian Oleoresin Compan, Naturite Agro Products, Universal Oleoresins, DDW The Color House, BOS Natural Flavors, Ozone Naturals, Nikita Extracts.
The turmeric oleoresin market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Turmeric Oleoresin Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Turmeric Oleoresin Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Turmeric Oleoresin Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Turmeric Oleoresin Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Turmeric Oleoresin Market Size & Forecast, 2020-2028
4.5.1 Turmeric Oleoresin Market Size and Y-o-Y Growth
4.5.2 Turmeric Oleoresin Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Food Grade
5.2.2 Pharmaceutical Grade
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Food & Beverages
6.2.2 Pharmaceutical
6.2.3 Cosmetics
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Turmeric Oleoresin Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Turmeric Oleoresin Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Food Grade
9.6.2 Pharmaceutical Grade
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Food & Beverages
9.10.2 Pharmaceutical
9.10.3 Cosmetics
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Food Grade
10.6.2 Pharmaceutical Grade
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Food & Beverages
10.10.2 Pharmaceutical
10.10.3 Cosmetics
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Food Grade
11.6.2 Pharmaceutical Grade
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Food & Beverages
11.10.2 Pharmaceutical
11.10.3 Cosmetics
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Food Grade
12.6.2 Pharmaceutical Grade
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Food & Beverages
12.10.2 Pharmaceutical
12.10.3 Cosmetics
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Food Grade
13.6.2 Pharmaceutical Grade
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Food & Beverages
13.10.2 Pharmaceutical
13.10.3 Cosmetics
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Turmeric Oleoresin Market: Competitive Dashboard
14.2 Global Turmeric Oleoresin Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nikita Extracts
14.3.2 Ungerer & Company
14.3.3 Kancor Ingredients
14.3.4 Asian Oleoresin Compan
14.3.5 Naturite Agro Products
14.3.6 Universal Oleoresins
14.3.7 DDW The Color House
14.3.8 BOS Natural Flavors
14.3.9 Ozone Naturals
14.3.10 Nikita Extracts
