Turmeric oleoresin is widely used as a flavoring agent in the food industry. Rapidly increasing demand for packaged spices in food products has forced to increase the production of turmeric oleoresins. Turmeric oleoresin is globally used as a food additive in various food products due to its soluble characteristics. India, Brazil and China are the market leaders in the turmeric oleoresin market. Turmeric oleoresins is having wide application in cosmetic industry as well in products such as dye, lotions, creams, and others. Turmeric oleoresins is widely preferred in preparation of drugs that are used for treating back pain, cancer, and other such related problems. Increasing consumer preference towards natural oleoresins over the conventional oleoresins has resulted in the growth of the global turmeric oleoresin market.
The global turmeric oleoresin market is divided into three sections: forms, applications, and regions. The turmeric oleoresin market is divided into three forms: powder, paste, and oil. The turmeric oleoresin market is divided into three segments based on application: food and beverage, cosmetics and personal care products, and pharmaceuticals. Turmeric oleoresin is utilised as a natural colour in a variety of food products, including pickles and salad dressings, dairy and bread products, beverages, and cereals. Because of its powerful colouring qualities, turmeric oleoresin is usually employed as a culinary colouring additive. In terms of value and volume, the food and beverage market dominates the application category. As a result, the global Turmeric oleoresin market is predicted to significantly enhance revenue contribution throughout the forecast period.
Geographically, the global turmeric oleoresin industry can be divided by major regions which include North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, Middle East and Africa. Globally, among all regions, Asia Pacific has developed as the dominant region in global turmeric oleoresin market followed by Latin America. India, China and Brazil are the major leading countries in the production of turmeric oleoresins. Increasing consumer preference towards natural ingredients coupled with ease of application and available in different forms, has strengthened the growth of global turmeric oleoresin market and hence is market projected to significantly expand over the forecast period.Increasing consumer demand for natural food coloring agents due to the intense coloring property is one of the major driving factor of the global turmeric oleoresin market.
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