Market Overview:
The global turmeric finger market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for organic turmeric finger across the globe. Additionally, rising awareness about the health benefits of consuming organic food products is also propelling the growth of this market. On the basis of type, organic turmeric finger is projected to be a faster-growing segment during the forecast period as compared to conventional turmeric finger. This can be attributed to growing consumer preference for organic food products over their conventionally grown counterparts due to various health benefits associated with them such as lower toxicity levels and environmental impact. Based on application, condiments are estimated account for a larger share in terms value in 2018 and it is projected that this trend would continue throughout 2030 owing higher consumption rates globally coupled with rising disposable incomes across emerging economies such as India and China . However, spices are anticipated exhibit highest CAGR over 2018-2030 owing increasing demand from developed countries including U .S.
Product Definition:
A finger-shaped piece of rhizome from the turmeric plant, Curcuma longa, used as a spice in Indian cooking. The importance of turmeric finger is that it is a rich source of curcuminoids, which are polyphenolic compounds with antioxidant and anti-inflammatory properties.
Organic:
Organic products are derived from natural resources, which include agricultural commodities, livestock and crops. Organic products are free from harmful chemicals such as pesticides, synthetic fertilizers and growth regulators. The global organic market size was valued at USD 48.10 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period on account of rising health consciousness among consumers across the world especially in developed economies including Germany, France and U.K.
Conventional:
Conventional Turmeric Finger is a method of processing turmeric rhizome that has been used for thousand of years in the East and South-East Asian countries. The conventional process involves solvent extraction, dry distillation, water distillation or hydrothermal liquefaction methods.
Application Insights:
The market is segmented on the basis of application into condiment, spices, and dye. Turmeric finger has a significant demand as a condiment owing to its extensive use in curries and other food preparations. It is also used as an ingredient in various dressings and sauces that are sold at fast food joints or casual restaurants. The growing popularity of turmeric among consumers seeking natural healing solutions for various health ailments will drive the product demand as a condiment over the forecast period.
Turmeric finger has been gaining popularity among consumers looking for dietary supplements owing to its ability to reduce joint pain, improve digestion, boost metabolism rate along with providing numerous anti-inflammatory benefits without any side effects or adverse reactions associated with it being an herbal medicine. These factors are expected to increase consumer awareness regarding turmeric¢â‚¬â„¢s medicinal benefits which will further fuel market growth during the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing product demand as a result of changing food preferences and rising disposable income levels. Turmeric has been used traditionally in Asian countries for coloring, flavoring, and curing purposes. It is also used as an anti-inflammatory agent due to its high curcumin content. This trend is projected to drive industry expansion over the coming years.
Europe accounted for approximately 25% of total market share in terms of volume consumed in 2017 on account turmeric being one of the most important spices found across cuisines from Spain and Italy down through Central Europe into Eastern Europe including Russian cuisine; it's also very popular throughout Turkey along with other Middle Eastern countries such as Lebanon, Syria, Iran etc., where it's known as allambrina or dallan linoi among various other names).
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 benefits of using natural and organic products, as well as the growing number of health-conscious consumers. Turmeric finger is a naturally occurring product and hence has an advantage over synthetic ingredients in terms of consumer acceptance.
- Rising demand from emerging markets: The Asia Pacific region is expected to be the fastest-growing market for turmeric finger during the forecast period. This growth can be attributed to rising income levels, changing lifestyles, and increasing awareness about the health benefits of turmeric finger in this region. Additionally, other emerging markets such as Latin America and Africa are also expected to offer significant growth opportunities for this market during the forecast period.
- Growing use in food applications: Turmeric finger has various applications in food industry such as colorant, flavoring agent, preservative etc., which are driving its demand globally .The global food additives market was valued at US$ 33 billion in 2015andis projectedto reachUS$ 49 billionby 2021at a CAGRof 6%.This provides immense opportunityforthegrowthofturmerickfingermarketin thenearfuture .
- . Rising popularity of herbal supplements: Herbal supplements are becoming increasingly popular due to their perceived safety advantages over conventional pharmaceuticals drugs.. According
Scope Of The Report
Report Attributes
Report Details
Report Title
Turmeric Finger Market Research Report
By Type
Organic, Conventional
By Application
Condiment, Spices, Dye
By Companies
Nani Agro, Vee Green Organic Life Care, MoonLite Foods Inc, AN Enterprises, Peacock International, Alobha Exim, Spectrum Food Products, Vinayak International Corporation, Chanakya Yoga And Arogya Samsta, Shree Ambey Shakti, Shubhlaxmi, Shree Sahjanand Industries, LUTA Spices, The General Corporation, Whdth Marketing, Indian Organics Exporters, Shah Ratanshi Khimji
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Turmeric Finger Market Report Segments:
The global Turmeric Finger market is segmented on the basis of:
Types
Organic, Conventional
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
Condiment, Spices, Dye
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:
- Nani Agro
- Vee Green Organic Life Care
- MoonLite Foods Inc
- AN Enterprises
- Peacock International
- Alobha Exim
- Spectrum Food Products
- Vinayak International Corporation
- Chanakya Yoga And Arogya Samsta
- Shree Ambey Shakti
- Shubhlaxmi
- Shree Sahjanand Industries
- LUTA Spices
- The General Corporation
- Whdth Marketing
- Indian Organics Exporters
- Shah Ratanshi Khimji
Highlights of The Turmeric Finger 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:
- Organic
- Conventional
- By Application:
- Condiment
- Spices
- Dye
- 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 Finger 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:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 finger is a condition in which the skin becomes thickened, red, and irritated. It can be caused by various factors, such as exposure to sunlight or wind.
Some of the key players operating in the turmeric finger market are Nani Agro, Vee Green Organic Life Care, MoonLite Foods Inc, AN Enterprises, Peacock International, Alobha Exim, Spectrum Food Products, Vinayak International Corporation, Chanakya Yoga And Arogya Samsta, Shree Ambey Shakti, Shubhlaxmi, Shree Sahjanand Industries, LUTA Spices, The General Corporation, Whdth Marketing, Indian Organics Exporters, Shah Ratanshi Khimji.
The turmeric finger market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Turmeric Finger Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Turmeric Finger Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Turmeric Finger Market - Supply Chain
4.5. Global Turmeric Finger Market Forecast
4.5.1. Turmeric Finger Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Turmeric Finger Market Size (000 Units) and Y-o-Y Growth
4.5.3. Turmeric Finger Market Absolute $ Opportunity
5. Global Turmeric Finger Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Turmeric Finger Market Size and Volume Forecast by Type
5.3.1. Organic
5.3.2. Conventional
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Turmeric Finger Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Turmeric Finger Market Size and Volume Forecast by Application
6.3.1. Condiment
6.3.2. Spices
6.3.3. Dye
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Turmeric Finger Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Turmeric Finger Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Turmeric Finger Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Turmeric Finger Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Turmeric Finger Demand Share Forecast, 2019-2026
9. North America Turmeric Finger Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Turmeric Finger Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Turmeric Finger Market Size and Volume Forecast by Application
9.4.1. Condiment
9.4.2. Spices
9.4.3. Dye
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Turmeric Finger Market Size and Volume Forecast by Type
9.7.1. Organic
9.7.2. Conventional
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Turmeric Finger Demand Share Forecast, 2019-2026
10. Latin America Turmeric Finger Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Turmeric Finger Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Turmeric Finger Market Size and Volume Forecast by Application
10.4.1. Condiment
10.4.2. Spices
10.4.3. Dye
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Turmeric Finger Market Size and Volume Forecast by Type
10.7.1. Organic
10.7.2. Conventional
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Turmeric Finger Demand Share Forecast, 2019-2026
11. Europe Turmeric Finger Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Turmeric Finger Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Turmeric Finger Market Size and Volume Forecast by Application
11.4.1. Condiment
11.4.2. Spices
11.4.3. Dye
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Turmeric Finger Market Size and Volume Forecast by Type
11.7.1. Organic
11.7.2. Conventional
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Turmeric Finger Demand Share, 2019-2026
12. Asia Pacific Turmeric Finger Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Turmeric Finger Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Turmeric Finger Market Size and Volume Forecast by Application
12.4.1. Condiment
12.4.2. Spices
12.4.3. Dye
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Turmeric Finger Market Size and Volume Forecast by Type
12.7.1. Organic
12.7.2. Conventional
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Turmeric Finger Demand Share, 2019-2026
13. Middle East & Africa Turmeric Finger Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Turmeric Finger Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Turmeric Finger Market Size and Volume Forecast by Application
13.4.1. Condiment
13.4.2. Spices
13.4.3. Dye
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Turmeric Finger Market Size and Volume Forecast by Type
13.7.1. Organic
13.7.2. Conventional
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Turmeric Finger Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Turmeric Finger Market: Market Share Analysis
14.2. Turmeric Finger Distributors and Customers
14.3. Turmeric Finger Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Nani Agro
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Vee Green Organic Life Care
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. MoonLite Foods Inc
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. AN Enterprises
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Peacock International
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Alobha Exim
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Spectrum Food Products
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Vinayak International Corporation
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Chanakya Yoga And Arogya Samsta
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Shree Ambey Shakti
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Shubhlaxmi
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Shree Sahjanand Industries
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. LUTA Spices
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. The General Corporation
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Whdth Marketing
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Indian Organics Exporters
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Shah Ratanshi Khimji
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook