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Turmeric Market in India 2015-2019

Turmeric Market in India 2015-2019

About Turmeric

The idea of the use of turmeric is not new in India. Turmeric has been India's golden spice for the past five centuries. This is one of those very few Indian products that are perceived to have both commercial as well as mythological significance. In almost every Indian household, turmeric is used not only in the culinary item but also as cosmetics. However, being a kharif crop, the productivity of the spice is very uncertain. In the past, the productivity has been severely hampered due to the various environmental hazards and unseasonal rainfall.

Technavio’s analysts forecast the turmeric market in India to grow at a CAGR of 0.97%, in terms of consumption, for the period of 2014-2019

Covered in this Report

This report discusses the present scenario and the future prospects of the turmeric market in India for 2015-2019. The market size is calculated by subtracting the total exports from India to other countries from the total productivity in India. In terms of category, the market is segmented into the following:

  • Dry
  • Fresh
  • Powder
  • Others (Oleoresins of Turmeric)
Technavio's report, Turmeric Market in India 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report includes a comprehensive discussion on the market, segmented by geography; it also provides an extensive coverage on various applications and end-uses of the product, considering both the existing market landscape and its growth prospects in the coming years. The report further includes a discussion of the key vendors operating in this market and a comment on the vendors’ product portfolios.Key States
  • Andhra Pradesh
  • Karnataka
  • Maharashtra
  • Odisha
  • Tamil Nadu
Key Vendors
  • Everest Spices
  • ITC Spices
  • MDH Spices
  • Shah Ratanshi Khimji
Other Prominent Vendors
  • Allanasons
  • Dalgreen Agro
  • Dhameja Home Industries
  • Gandhi Spices
  • Green Earth Products
  • Grover Sons
  • Jhaveri Organic Farms
  • Konark Herbals and Health Care
  • Nathubhai Cooverji & Sons
  • Nature & Nurture Healthcare
  • P. C. Kannan
  • Shalimar Food Products
  • Shreenidhi Manufacturers
  • Surendraray
  • Vinayak International
Market Driver
  • Numerous Health Benefits
  • For a full, detailed list, view our report
Market Challenge
  • Climatic Uncertainties
  • For a full, detailed list, view our report
Market Trend
  • Increase in Exports
  • For a full, detailed list, view our report
Key Questions Answered in this Report
  • What will the market size be in 2019 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 and what is their portfolio matrix?
  • What are the market opportunities and threats faced by the key vendors?
  • What is the competitive landscape as characterized by geography?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Turmeric Market in India 2015-2019

Technavio recognizes the following companies as the key players in the Turmeric Market in India: Everest Spices, ITC Spices, MDH Spices and Shah Ratanshi Khimji

Other Prominent Vendors in the market are: Allanasons, Dalgreen Agro, Dhameja Home Industries, Gandhi Spices, Green Earth Products, Grover Sons, Jhaveri Organic Farms, Konark Herbals and Health Care, Nathubhai Cooverji & Sons, Nature & Nurture Healthcare, P. C. Kannan, Shalimar Food Products, Shreenidhi Manufacturers, Surendraray and Vinayak International

Commenting on the report, an analyst from Technavio’s team said: “Due to the growing usages of this product, there has been a growing demand for turmeric from many foreign countries. The Indian market is considered to have a monopoly in this scenario as it is the largest producer of turmeric in the world. According to the Ministry of Commerce, as of 2014, India exports 43% dry, 4% fresh, 42% powder, and 12% other types of turmeric. The US, the UAE, Iran, Malaysia, and Japan are the leading importers of Indian turmeric, and France, Germany, and the UK are considered to be emerging markets. This increase will lead to larger amounts of revenue flowing into the country, thus improving its economy.”

According to the report, since its discovery to the present era, turmeric has been known for its ayurvedic therapeutic essence. This perception is prevalent on both national and international levels, so much so that it has been granted GRAS status by the USFDA. Turmeric is known for having many medicinal benefits as well. For instance, an ingredient found in turmeric named curcumin is regarded as a very useful catalyst in the prevention of many prolonged diseases like cancer, inflammation, liver problems, and type II diabetes. These medicinal benefits of the product increase the consumer base as they prevent turmeric from being just a flavoring and coloring agent.

Further, the report states that climatic uncertainties not only hamper crop productivity but also reduce the overall market demand for the product at domestic and international levels.

Companies Mentioned

Everest Spices, ITC Spices, MDH Spices, Shah Ratanshi Khimji, Allanasons, Dalgreen Agro, Dhameja Home Industries, Gandhi Spices, Green Earth Products, Grover Sons, Jhaveri Organic Farms, Konark Herbals and Health Care, Nathubhai Cooverji & Sons, Nature & Nurture Healthcare, P. C. Kannan, Shalimar Food Products, Shreenidhi Manufacturers, Surendraray, Vinayak International

  • Executive Summary
  • List of Abbreviations
  • Scope of the Report
    • Market Overview
    • Product Offerings
  • Market Research Methodology
    • Market Research Process
    • Research Methodology
      • Table Market Research Methodology
  • Introduction
  • Market Landscape
    • Market Overview
      • Table Overview of Turmeric Market in India by Volume
    • Global Turmeric Production
      • Table India's Share in Global Turmeric Production (%)
    • Market Size and Forecast
      • By Production
        • Table Turmeric Market in India 2014-2019 by Production (thousand tons)
      • By Volume
        • Table Turmeric Market in India 2014-2019 by Volume (thousand tons)
    • Average Turmeric Price per Metric Ton
      • Table Price per Metric Ton 2014-2019 ($)
    • Five Forces Analysis
  • Market Segmentation by Application
    • Table Segmentation by Application
    • Table Turmeric Usage by Application (%)
  • Market Segmentation by Product
    • Table Segmentation of Turmeric by Product
    • Major Traded Types
      • Table Major Traded Types of Indian Turmeric
  • Distribution Network
    • Table Distribution Network Model
  • Geographical Segmentation
    • Table Leading Turmeric Producing States (%)
  • Key Turmeric Importing Countries
    • Table Leading Importers of Indian Turmeric 2014
  • Segmentation by Packaging
    • Table Segmentation by Packaging
  • Buying Criteria
  • Market Growth Drivers
  • Drivers and their Impact
  • Market Challenges
  • Impact of Drivers and Challenges
  • Market Trends
  • Trends and their Impact
  • Vendor Landscape
    • Competitive Scenario
    • Major Market Vendors
    • Other Prominent Vendors
  • Key Vendor Analysis
    • ITC
      • Key Facts
      • Business Overview
      • Geographical Segmentation by Revenue 2015
        • Table ITC: Geographical Segmentation by Revenue 2015
      • Business Strategy
      • Recent Developments
      • SWOT Analysis
    • Everest Spices
      • Key Facts
      • Business Overview
      • Product Categories
        • Table Everest Spices: Product Categories
      • SWOT Analysis
    • MDH
      • Key Facts
      • Business Overview
      • Product Categories
        • Table MDH: Product Categories
      • SWOT Analysis
    • Shah Ratanshi Khimji
      • Key facts
      • Business overview
      • SWOT analysis
  • Other Reports in this Series

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