Turmeric powder is a bright yellow powder that is made by dry grinding mature turmeric rhizomes (underground stems). It's a kind of spice that's almost calorie-free and cholesterol-free. Dietary fibre, iron, potassium, magnesium, and vitamin B6 are all abundant in this fruit.
MARKET DYNAMICS
The growing demand for turmeric powder due to its increased use in the food industry is a major factor pushing the global turmeric market forward. Other factors expected to drive market growth include rising demand for herbal cosmetics and an increase in the use of turmeric in cosmetic products. Furthermore, growing consumer interest in organic turmeric and increased research and development in turmeric's medical applications are expected to propel market growth. However, the availability of various turmeric substitutes in the food and beverage industry, such as food colors and government-imposed import and export regulations, may restrain the market growth to a certain extent.
MARKET SCOPE
The "Global Turmeric Powder Market Analysis to 2028" is a specialized and in-depth study of the food and beverage industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the turmeric powder market with detailed market segmentation by product type, category and distribution channel. The global turmeric powder market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading turmeric powder market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global turmeric powder market is segmented into product type, category and distribution channel. By product type, the turmeric powder market is classified into madras turmeric powder and alleppey turmeric powder. By category, the turmeric powder market is classified into organic and conventional. By distribution channel, the turmeric powder market is classified into supermarkets and hypermarkets, convenience stores, online retail, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global turmeric powder market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 concerning five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The turmeric powder market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the turmeric powder market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely, North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the turmeric powder market in these regions.
MARKET PLAYERS
The report covers vital developments in the turmeric powder market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the turmeric powder market are anticipated to lucrative growth opportunities in the future with the rising demand for turmeric powder in the global market. Below mentioned is the list of few companies engaged in the turmeric powder market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the turmeric powder market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
- DDW The Colour House
- ROHA
- Chr. Hansen Holding A/S
- Sabinsa Corporation
- International Flavors & Fragrances Inc.
- Everest Food Products Pvt Ltd
- Mane KANCOR
- ITC Spices
- ADM
- McCormick & Company
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.