Global Turmeric Market 2017-2021

  • ID: 4143786
  • Report
  • Region: Global
  • 70 pages
  • TechNavio
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FEATURED COMPANIES

  • Earth Expo Company
  • Gandhi Spices
  • Grover Sons
  • MDH Spices
  • RK
  • Sino-Nature
  • MORE
About Turmeric

Turmeric or Curcuma longa is a rhizomatous herbaceous perennial plant that belongs to the ginger family, Zingiberaceae. Turmeric as a crop is native to Asia, and it requires temperatures between 68°F and 86°F and a considerable amount of annual rainfall to thrive. The root of the turmeric plant, also known as rhizome, is valued for its medicinal and culinary properties. According to the University of Maryland Medical Center (UMCC), turmeric has been utilized for the preparation of food as well as medicines for over 4,000 years. Currently, in international cuisine, it is widely used for food coloring and seasoning or as a preservative.

The analysts forecast the global turmeric market to grow at a CAGR of 6.4% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global turmeric market for 2017-2021. To calculate the market size, the report considers the revenue generated through the sales of turmeric as an ingredient in the different areas of applications – food and beverages, pharmaceuticals, and other areas.

The market is divided into the following segments based on geography:
- Americas
- APAC
- Europe
- ROW

The report, Global Turmeric Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Earth Expo Company
- ITC Spices
- Nani Agro Foods
- RK

Other prominent vendors
- Everest Spices
- Gandhi Spices
- Grover Sons
- Green Earth Products
- MDH Spices
- Shalimar Food Products
- Sino-Nature
- Taj Agro International

Market drivers
- Rise in number of product line extensions with turmeric as functional ingredient.
- For a full, detailed list, view the full report

Market challenges
- Threats associated with adverse weather conditions and climatic uncertainties.
- For a full, detailed list, view the full report

Market trends
- Continuous product innovation with turmeric as an ingredient in food and beverage sector.
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the Key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Earth Expo Company
  • Gandhi Spices
  • Grover Sons
  • MDH Spices
  • RK
  • Sino-Nature
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Key market highlights
PART 05: Market landscape
  • Market overview
  • Global spices and seasonings market
  • Global turmeric market
PART 06: Turmeric: Supply chain and trade scenario
  • Global turmeric market: Supply chain operations
  • Major global exporters of turmeric
  • Major global importers of turmeric
  • Five forces analysis
PART 07: Market segmentation by application
  • Global turmeric market by application
  • Global turmeric market for food and beverages
  • Global turmeric market for pharmaceuticals
  • Global turmeric market for other applications
PART 08: Geographical segmentation
  • Global turmeric market by geography
  • Turmeric market in APAC
  • Turmeric market in Americas
  • Turmeric market in Europe
  • Turmeric market in ROW
PART 09: Key leading countries
  • India
  • US
  • Japan
  • Malaysia
PART 10: Market drivers
  • Health benefits associated with turmeric
  • Rise in number of product line extensions with turmeric as functional ingredient
  • Extensive use of turmeric for culinary purposes
PART 11: Impact of drivers

PART 12: Market challenges
  • Threats associated with adverse weather conditions and climatic uncertainties
  • Risk of contamination and product recall
  • Common side effects associated with turmeric
PART 13: Impact of drivers and challenges

PART 14: Market trends
  • Increase in use of turmeric in cosmetic products
  • Continuous product innovation with turmeric as an ingredient in food and beverage sector
  • Consumer focus shifting toward organic turmeric
PART 15: Competitor analysis
  • Competitive scenario
  • Competitive positioning assessment
  • Market positioning matrix based on product portfolio and distribution network for key market players
  • Earth Expo Company
  • ITC Spices
  • Nani Agro Foods
  • Shah Ratanshi Khimji & Co. (RK)
  • Other prominent market players
PART 16: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Global turmeric market 2016
Exhibit 02: Overview of global turmeric market
Exhibit 03: Global spices and seasonings market by revenue 2016-2021 ($ billions)
Exhibit 04: Global turmeric market 2016-2021 ($ millions)
Exhibit 05: Global turmeric market: Supply chain operations
Exhibit 06: Major global exporters of turmeric 2015 (% share)
Exhibit 07: Major global importers of turmeric 2015 (% share)
Exhibit 08: Five forces analysis
Exhibit 09: Global turmeric market by application 2016 and 2021 (% share)
Exhibit 10: Growth outlook for global turmeric market by application 2016-2021
Exhibit 11: Global turmeric market for food and beverages 2016-2021 ($ millions)
Exhibit 12: Global turmeric market for pharmaceuticals 2016-2021 ($ millions)
Exhibit 13: Global turmeric market for other applications 2016-2021 ($ millions)
Exhibit 14: Global turmeric market by geography 2016 and 2021 (% share)
Exhibit 15: Growth outlook for global turmeric market by geography 2016-2021
Exhibit 16: Turmeric market in APAC 2016-2021 ($ millions)
Exhibit 17: Turmeric market in Americas 2016-2021 ($ millions)
Exhibit 18: Turmeric market in Europe 2016-2021 ($ millions)
Exhibit 19: Turmeric market in ROW 2016-2021 ($ millions)
Exhibit 20: Percentage share of expatriate population in Middle East 2015
Exhibit 21: Key leading countries: Market share 2016
Exhibit 22: Turmeric market in India 2016-2021 ($ millions)
Exhibit 23: India: Demographic and economic indicators 2012-2015
Exhibit 24: Turmeric market in US 2016-2021 ($ millions)
Exhibit 25: US: Demographic and economic indicators 2012-2015
Exhibit 26: Turmeric market in Japan 2016-2021 ($ millions)
Exhibit 27: Japan: Demographic and economic indicators 2012-2015
Exhibit 28: Turmeric market in Malaysia 2016-2021 ($ millions)
Exhibit 29: Malaysia: Demographic and economic indicators 2012-2015
Exhibit 30: World annual real growth of disposable income per household 2010-2014 (%)
Exhibit 31: Impact of drivers
Exhibit 32: Country-wise natural disasters by type 2016
Exhibit 33: Impact of drivers and challenges
Exhibit 34: Competitive positioning matrix for key turmeric manufacturers in 2016
Exhibit 35: Market positioning matrix based on product portfolio and market presence of key players
Exhibit 36: Earth Expo Company: Product portfolio
Exhibit 37: Earth Expo Company: Major export markets
Exhibit 38: ITC Spices: Product portfolio
Exhibit 39: Nani Agro Foods: Product portfolio
Exhibit 40: Shah Ratanshi Khimji & Co.: Product portfolio
Exhibit 41: Shah Ratanshi Khimji & Co.: Major export markets
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FEATURED COMPANIES

  • Earth Expo Company
  • Gandhi Spices
  • Grover Sons
  • MDH Spices
  • RK
  • Sino-Nature
  • MORE
New Report Released: – Global Turmeric Market 2017-2021

The author of the report recognizes the following companies as the key players in the global turmeric market: Earth Expo Company, ITC Spices, Nani Agro Foods, and RK.

Other Prominent Vendors in the market are: Everest Spices, Gandhi Spices, Grover Sons, Green Earth Products, MDH Spices, Shalimar Food Products, Sino-Nature, and Taj Agro International.

Commenting on the report, an analyst from the research team said: “One trend in market is Continuous product innovation with turmeric as an ingredient in food and beverage sector. Continuous product development and innovation are essential for the sustainability of any industry. So, food and beverage manufacturers over the globe focus on product innovations to acquire larger market share and remain ahead of competitors by catering to the growing health-conscious consumers' needs. Therefore, manufacturers have been launching several new product varieties with turmeric as a functional ingredient.”

According to the report, one driver in market is health benefits associated with turmeric. Since its discovery to the present era, turmeric has been known for its myriad health benefits. The major phytochemicals that give turmeric its most impressive and wide-ranging health benefits are curcuminoids. The three primary phytochemicals in the curcuminoid family responsible for the myriad health benefits are diferuloylmethane, demethoxycurcumin, and bisdemethoxycurcumin. Diferuloylmethane is popularly known as curcumin and is responsible for the yellowish color of turmeric. Additionally, turmeric contains turmerone, which is a potent volatile oil found in the root.

Further, the report states that one challenge in market is threats associated with adverse weather conditions and climatic uncertainties. India accounts for about 80% of the world's total turmeric production. India is an agricultural country; therefore, the productivity of a crop depends heavily on the climatic conditions of each region. In India, turmeric is sown as a kharif crop, which is cultivated and harvested between the months April and October in India. The kharif crop is dependent on rain and the type of soil. For example, in India, Erode-based turmeric farmers in 2016 suffered heavy crop losses owing to the failure of monsoon in 2016. Uncertainties like these not only hamper crop productivity but also reduce the overall demand for the product at domestic and global levels.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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  • Earth Expo Company
  • ITC Spices
  • Nani Agro Foods
  • RK
  • Everest Spices
  • Gandhi Spices
  • Grover Sons
  • Green Earth Products
  • MDH Spices
  • Shalimar Food Products
  • Sino-Nature
  • Taj Agro International
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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