[FURL=https://www.industryarc.com/Report/19635/turmeric-market.html?utm_source=BriefingWire&utm_medium=PressRelease&utm_campaign=PaidPressRelease]Turmeric Market[/FURL] size is estimated to be $4.1 billion in 2020, growing at a CAGR of 6.3% during the forecast period 2021-2026. Turmeric is a bright yellow spice used throughout Asia for centuries in order to provide taste, color and flavor to foods. Apart from this turmeric possess various health benefits. There is a growing evidence that the presence of curcumin in turmeric can cross the blood-brain barrier and help to protect against Alzheimer disease. Another study of 60 patients showed that curcumin was an effective as an anti-depressant in treating depression, by boosting levels of brain-derived neurotropic factor. Therefore, large pool of people suffering from various health issues coupled with the increasing benefits of turmeric is a vital factor contributing to its market growth. Besides this, turmeric is in high demand on the European market for health products. In addition, the capsules, tablets containing turmeric powder and extracts are marketed to support the immune system, joint and digestive health. Therefore, the high intake of turmeric in European region is another vital factor contributing to its market growth.Key Takeaways
Raw segment held the largest market share in the year 2020 owing to its various health benefits.
Food and Beverage segment held the largest market share in the year 2020 owing to the increasing health conscious population coupled with the rising demand of turmeric in food and beverage.
APAC contributed to the largest market share of 47% in 2020 owing to the increasing production of turmeric in that region.
Wide usage of turmeric in cosmetic industry is a significant factor driving the Turmeric Market during the forecast period 2021-2026.
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Turmeric Market Drivers
Wide Usage of Turmeric in Cosmetic Industry
Wide usage of turmeric in cosmetic industry is a significant factor driving the Turmeric Market during the forecast period 2021-2026. Turmeric helps in attaining natural deep clean face and also helps in removal of microbes Therefore, owing to these benefits there is a huge demand of turmeric in cosmetic industry which in turn is fueling its market growth.
Increasing Health Benefits Associated with Turmeric
Increasing health benefits associated with turmeric consumption is a major driving the Turmeric Market during the forecast period 2021-2026. Moreover, turmeric and its powerful ingredient curcumin possess a range of health benefits.
Turmeric Market top 10 are Barrington Chemical Corporation, SHS Group, DS Group, Everest Spices, Nani Agro Foods, MTR Foods Pvt. Ltd, MDH Spices, Olam International, Mccormick & Company Inc.,and Bart Ingredients Co Ltd.
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