India Turmeric Market- Trend Analysis & Forecasts
Description
India Turmeric Market Overview:
India is the world’s largest producer, consumer, and exporter of turmeric, producing 1.167 million tonnes in 2022–23 with a gross production value (GPV) of US$ 1.42 billion. The country exported 170.09 thousand tonnes of turmeric (fresh, dry, and powder) valued at US$ 208 million in the same year. Turmeric’s deep cultural roots, diverse applications in food, pharmaceuticals, cosmetics, and nutraceuticals, and India’s favorable agro-climatic conditions make it the global hub for turmeric supply. Key growing states include Andhra Pradesh, Telangana, Tamil Nadu, Karnataka, Odisha, and Maharashtra.
Primary Areas/ Elements of Research & Analysis
The report provides comprehensive and valuable insights into the supply and demand dynamics of the India turmeric market. Below are the variables considered and analyzed in the report:
• Supply-demand trends, market growth, and trade
• Market structure, conduct, and performance analysis
• Historical and forecasted market size (volume & value)
• Trade analysis (export & import), including key partners, quantities, values, and price trends
• Supply chain mapping, pricing, and regulatory framework
• Competitive landscape profiling of key players
• Factors influencing market performance, including sustainability trends
Market Growth Factors
Demand is rising due to consumer awareness of turmeric’s health benefits, especially its anti-inflammatory and antioxidant properties. The food & beverage industry increasingly uses turmeric as a natural spice and colorant, while nutraceuticals and herbal supplements drive value-added growth. Globalization and trade liberalization have expanded export opportunities, while government initiatives support cultivation, processing, and international trade. The growing popularity of natural ingredients in cosmetics and functional foods strengthens long-term demand.
Market Restraints & Challenges
Production is vulnerable to climate variability and erratic rainfall, affecting yields and quality. Price volatility from fluctuating demand-supply dynamics impacts farmers and exporters. Quality issues such as adulteration and biopiracy of curcumin threaten competitiveness in premium markets. Competition from other producers like China, Myanmar, Nigeria, and Bangladesh is increasing. Additionally, fragmented post-harvest systems, weak grading, and limited logistics infrastructure reduce export reliability and market efficiency.
Market Segmentation
The market is divided by product type into raw turmeric and processed forms (powder, oleoresins), with processed products dominating due to strong culinary, medicinal, and industrial use. By application, food & beverages hold the largest share, followed by pharmaceuticals, cosmetics, and dyeing. Demand in the nutraceutical segment is expanding as turmeric supplements gain popularity for immunity and wellness. Distribution spans traditional spice markets, modern retail, and export supply chains catering to global health and food industries.
Competitive Landscape
The sector is highly competitive, featuring spice giants like Everest Spices, MDH, Ramdev, Catch Foods, Eastern Condiments, Aachi Spices, and Pravin/Suhana Masale alongside extract and oleoresin leaders such as Synthite Industries, Vidya Herbs, Arjuna Natural, Mane Kancor, Plant Lipids, and global traders like Olam Exports, Nedspice, Jabs International. These players invest in quality standardization, export branding, and product innovation to strengthen their position. Smaller regional processors also serve domestic demand but face scalability and compliance challenges.
Outlook
India’s turmeric market is set for sustained growth, driven by expanding global demand, functional food trends, and rising nutraceutical use. To maintain leadership, the industry must strengthen post-harvest practices, grading systems, and cold-chain logistics while improving quality standards to meet international regulations. Growth opportunities lie in value-added products, organic turmeric, and sustainable cultivation. With infrastructure and quality upgrades, India will continue to shape global turmeric pricing and trade dynamics while diversifying into high-margin processed derivatives.
Scope of the Report:
• Historical Years: 2018-2022
• Base Year: 2023
• Forecast Period: 2024-2030
• Units: Value (US$ Million) and Volume (Thousand Tonnes)
• Segments Covered:
By Type (Fresh/Raw Turmeric and Processed Turmeric (Dry, Powder, Oleoresin, and Turmeric Oil & Curcumin Extracts))
By Application (Food & Beverages, Pharmaceuticals, Cosmetics, and Dyeing)
By Sales (Domestic Consumption (Direct & Processing) and Exports)
• Companies Profiled: The market players include, Everest Spices, MDH Spices, Ramdev Food Products Pvt. Ltd., Catch Foods, Eastern Condiments Private Limited, Pravin/ Suhana Masale, Aachi Spices & Foods Pvt. Ltd., Synthite Industries Ltd., Vidya Herbs Pvt. Ltd., Arjuna Natural Pvt. Ltd., Sydler Group of Companies, Royal Spices, Mane Kancor Ingredients, Jabs International Pvt Ltd., Plant Lipids (P) Ltd., Olam Exports (India) Limited, Nedspice Group, SMJ Exports Pvt Ltd., Swastik International, J. Lal Foods International, and Others.
Please note: It will take 4-5 business days to deliver the report upon receipt the order.
India is the world’s largest producer, consumer, and exporter of turmeric, producing 1.167 million tonnes in 2022–23 with a gross production value (GPV) of US$ 1.42 billion. The country exported 170.09 thousand tonnes of turmeric (fresh, dry, and powder) valued at US$ 208 million in the same year. Turmeric’s deep cultural roots, diverse applications in food, pharmaceuticals, cosmetics, and nutraceuticals, and India’s favorable agro-climatic conditions make it the global hub for turmeric supply. Key growing states include Andhra Pradesh, Telangana, Tamil Nadu, Karnataka, Odisha, and Maharashtra.
Primary Areas/ Elements of Research & Analysis
The report provides comprehensive and valuable insights into the supply and demand dynamics of the India turmeric market. Below are the variables considered and analyzed in the report:
• Supply-demand trends, market growth, and trade
• Market structure, conduct, and performance analysis
• Historical and forecasted market size (volume & value)
• Trade analysis (export & import), including key partners, quantities, values, and price trends
• Supply chain mapping, pricing, and regulatory framework
• Competitive landscape profiling of key players
• Factors influencing market performance, including sustainability trends
Market Growth Factors
Demand is rising due to consumer awareness of turmeric’s health benefits, especially its anti-inflammatory and antioxidant properties. The food & beverage industry increasingly uses turmeric as a natural spice and colorant, while nutraceuticals and herbal supplements drive value-added growth. Globalization and trade liberalization have expanded export opportunities, while government initiatives support cultivation, processing, and international trade. The growing popularity of natural ingredients in cosmetics and functional foods strengthens long-term demand.
Market Restraints & Challenges
Production is vulnerable to climate variability and erratic rainfall, affecting yields and quality. Price volatility from fluctuating demand-supply dynamics impacts farmers and exporters. Quality issues such as adulteration and biopiracy of curcumin threaten competitiveness in premium markets. Competition from other producers like China, Myanmar, Nigeria, and Bangladesh is increasing. Additionally, fragmented post-harvest systems, weak grading, and limited logistics infrastructure reduce export reliability and market efficiency.
Market Segmentation
The market is divided by product type into raw turmeric and processed forms (powder, oleoresins), with processed products dominating due to strong culinary, medicinal, and industrial use. By application, food & beverages hold the largest share, followed by pharmaceuticals, cosmetics, and dyeing. Demand in the nutraceutical segment is expanding as turmeric supplements gain popularity for immunity and wellness. Distribution spans traditional spice markets, modern retail, and export supply chains catering to global health and food industries.
Competitive Landscape
The sector is highly competitive, featuring spice giants like Everest Spices, MDH, Ramdev, Catch Foods, Eastern Condiments, Aachi Spices, and Pravin/Suhana Masale alongside extract and oleoresin leaders such as Synthite Industries, Vidya Herbs, Arjuna Natural, Mane Kancor, Plant Lipids, and global traders like Olam Exports, Nedspice, Jabs International. These players invest in quality standardization, export branding, and product innovation to strengthen their position. Smaller regional processors also serve domestic demand but face scalability and compliance challenges.
Outlook
India’s turmeric market is set for sustained growth, driven by expanding global demand, functional food trends, and rising nutraceutical use. To maintain leadership, the industry must strengthen post-harvest practices, grading systems, and cold-chain logistics while improving quality standards to meet international regulations. Growth opportunities lie in value-added products, organic turmeric, and sustainable cultivation. With infrastructure and quality upgrades, India will continue to shape global turmeric pricing and trade dynamics while diversifying into high-margin processed derivatives.
Scope of the Report:
• Historical Years: 2018-2022
• Base Year: 2023
• Forecast Period: 2024-2030
• Units: Value (US$ Million) and Volume (Thousand Tonnes)
• Segments Covered:
By Type (Fresh/Raw Turmeric and Processed Turmeric (Dry, Powder, Oleoresin, and Turmeric Oil & Curcumin Extracts))
By Application (Food & Beverages, Pharmaceuticals, Cosmetics, and Dyeing)
By Sales (Domestic Consumption (Direct & Processing) and Exports)
• Companies Profiled: The market players include, Everest Spices, MDH Spices, Ramdev Food Products Pvt. Ltd., Catch Foods, Eastern Condiments Private Limited, Pravin/ Suhana Masale, Aachi Spices & Foods Pvt. Ltd., Synthite Industries Ltd., Vidya Herbs Pvt. Ltd., Arjuna Natural Pvt. Ltd., Sydler Group of Companies, Royal Spices, Mane Kancor Ingredients, Jabs International Pvt Ltd., Plant Lipids (P) Ltd., Olam Exports (India) Limited, Nedspice Group, SMJ Exports Pvt Ltd., Swastik International, J. Lal Foods International, and Others.
Please note: It will take 4-5 business days to deliver the report upon receipt the order.
Table of Contents
138 Pages
- 1. Executive Summary
- 2. Introduction
- 2.1. Objectives & Scope of the Study
- 2.2. Definitions & Economic Importance
- 2.3. Research Methodology
- 2.4. Factors and Decision Matrix Analysis
- 2.5. Limitations & Challenges
- 3. Product/ Market Overview
- 3.1. Evolution/ Origin & Geographic/Agronomic Suitability
- 3.2. Turmeric Crop Seasonality
- 3.3. Processing & Grading
- 3.4. Turmeric Uses & Application Areas
- 3.5. Regulatory Analysis
- 4. India: Country Profile
- 5. India Turmeric Market Growth Factors Analysis
- 5.1. Drivers and Restraints Analysis
- 5.2. Challenges and Opportunities Analysis
- 5.3. India Turmeric Industry SWOT Analysis
- 5.4. India Turmeric PESTEL Analysis
- 5.5. India Turmeric Market Porter's Five Forces analysis
- 6. India Turmeric Market: Supply Analysis
- 6.1. India Turmeric Crop Analysis (Area and Production)
- 6.2. India Turmeric Production Trend
- 7. India Turmeric Market: Demand Analysis
- 7.1. Domestic Consumption
- 7.2. Processing
- 7.3. Export Demand
- 7.4. Turmeric Supply Chain Analysis
- 7.5. Turmeric Product Variants
- 8. India Turmeric Market: Segmentation Analysis
- 8.1. By Type
- 8.1.1. Fresh/Raw Turmeric
- 8.1.2. Processed Turmeric
- 8.1.2.1. Turmeric Dry
- 8.1.2.2. Turmeric Powder
- 8.1.2.3. Turmeric Oleoresin
- 8.1.2.4. Turmeric Oil & Curcumin Extracts
- 8.2. By Application
- 8.2.1. Food & Beverages
- 8.2.2. Pharmaceuticals
- 8.2.3. Cosmetics
- 8.2.4. Dyeing
- 8.3. By Sales Channel
- 8.3.1. Domestic Consumption (Direct & Processing)
- 8.3.2. Exports
- 9. India Turmeric Market: Trade (Export & Import) Analysis
- 9.1. Turmeric Export Trend Analysis
- 9.2. Top 10 Export Destinations of India Turmeric & Products
- 10. India Turmeric Market: Price Trend Analysis
- 10.1. Domestic Price Trend
- 10.2. Export Price Trend
- 10.3. Price Seasonality & Price Pattern Analysis
- 10.4. Price Events Analysis
- 11. Competitive Analysis
- 11.1. India Turmeric Market Mapping
- 11.1.1. List of Key Countries Importing Turmeric from India
- 11.1.2. List of Key Companies Exporting Turmeric from India
- 11.2. Company Profiles
- 11.2.1. Everest Spices
- 11.2.2. MDH Spices
- 11.2.3. Ramdev Food Products Pvt. Ltd.
- 11.2.4. Catch Foods
- 11.2.5. Eastern Condiments Private Limited
- 11.2.6. Pravin/ Suhana Masale
- 11.2.7. Tata Consumer Products
- 11.2.8. Synthite Industries Ltd.
- 11.2.9. Royal Spices
- 11.2.10. Mane Kancor Ingredients
- 11.2.11. Jabs International Pvt Ltd.
- 11.2.12. Plant Lipids (P) Ltd.
- 11.2.13. Olam Exports (india) Limited
- 11.2.14. Swastik International
- 11.2.15. J.Lal Foods International
- 11.2.16. Aachi Spices & Foods Pvt Ltd.
- 11.2.17. Nedspice Group
- 11.2.18. SMJ Exports Pvt. Ltd.
- 12. Conclusion
- 13. Appendix
Pricing
Currency Rates
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