Turmeric oleoresin is a pure turmeric (Curcuma longa) extract and is one type of spice oleoresin. Turmeric oleoresin includes the same flavour components as the spice and contains approximately 5 to 15% curcumin. Turmeric oleoresin is frequently utilised in the food sector as a flavour ingredient. The rapidly expanding demand for packaged spices in food goods has driven the production of turmeric oleoresins to increase. Because of its soluble properties, turmeric oleoresin is widely employed as a food ingredient in a variety of food products around the world. The turmeric oleoresin market is dominated by India, Brazil, and China.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 segmented on the basis of forms, application and region. The turmeric oleoresin market is segmented on the basis of form into powder, paste and oil. The turmeric oleoresin market is segmented on the basis of application includes food and beverage, cosmetics and personal care products, and pharmaceuticals. Turmeric oleoresin is used as a natural colour in various food products such as pickles and salad dressings, dairy products, bakery products, beverages and cereals. Turmeric oleoresin is mostly used as a food coloring agent due to its intense coloring properties. Among the application segment food and beverage segment hold the major share in terms of value and volume. Hence, the global Turmeric oleoresin market is expected to increase the revenue contribution significantly over the forecast period.
Some of the key players identified in the global turmeric oleoresin industry are Ungerer & Company, Vidya Herbs Pvt. Ltd., Nikita Extracts, Kancor Ingredients Ltd., Universal Oleoresins, Ozone Naturals, Naturite Agro Products Ltd., Synthite Industries, Ltd. Asian Oleoresin Company and Indo-World etc. These players are expected to focus on enhancing their product portfolio with a view to expanding their business and gain a competitive advantage in the global turmeric oleoresin market.
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