India Turmeric Market
Turmeric production in India reached 1.167 million tonnes and gross production value (GPV) market size stood at US$ 1.42 billion in 2022-23. India holds the title of the world's largest...
Report ID: COM-025 | 138 Pages | Status: Upcoming |
India Turmeric Market
Importance of India in the Global Supply of Turmeric
Turmeric, known for its culinary and medicinal properties, has deep cultural roots in Indian cuisine and traditional medicine systems like Ayurveda. India's favorable climate and fertile soil conditions make it conducive for turmeric cultivation, particularly in states like Andhra Pradesh, Telangana, Tamil Nadu, Karnataka, Odisha, and Maharashtra.
India plays a pivotal role in the global turmeric supply chain, accounting for a substantial portion of both production (over 75% of global production share) and export. Its dominance in production ensures a steady supply of turmeric to international markets, thereby influencing global prices and trade dynamics. Moreover, India's expertise in turmeric cultivation and processing technologies further solidifies its position as a key player in the global market.
India Turmeric Production & Demand Trend
India consistently leads in turmeric production, with a steady growth trend over the years. The demand for turmeric, both domestically and internationally, continues to rise due to its diverse applications in food, pharmaceuticals, cosmetics, and nutraceuticals industries. The growing awareness about the health benefits of turmeric, coupled with its expanding usage in various end-use sectors, contributes to sustained demand growth.
Market Driving Factors
■ Increasing consumer awareness about the health benefits of turmeric.
■ Growing demand from the food and beverage industry for natural ingredients.
■ Rising popularity of turmeric-based supplements and herbal products.
■ Expanding export opportunities due to globalization and trade liberalization.
■ Government initiatives to promote turmeric cultivation and export.
■ Fluctuations in weather patterns affecting crop yield and quality
■ Price volatility due to fluctuating demand-supply dynamics
■ Quality control issues in the supply chain (Adulteration of synthetic curcumin and Biopiracy)
■ Competition from other turmeric-producing countries
India Turmeric Supply/Value Chain Bottlenecks/Challenges
The turmeric supply/value chain in India faces several critical bottlenecks, hindering efficient production and distribution. Post-harvest handling and processing suffer from inadequate practices, leading to quality degradation and loss of curcumin content. Additionally, the absence of standardized grading and sorting practices results in inconsistent product quality, affecting market competitiveness. Transportation and logistics challenges, particularly in rural areas, contribute to delays and losses during transit, exacerbated by limited access to modern processing technologies. Furthermore, inadequate market infrastructure in turmeric-growing regions restricts growers' market access and bargaining power.
Addressing these bottlenecks requires concerted efforts to improve post-harvest practices, implement standardized grading protocols, enhance transportation infrastructure, promote technology adoption, and invest in market infrastructure development. Such interventions are crucial for unlocking the full potential of the Indian turmeric sector and ensuring its sustainable growth and competitiveness in domestic and international markets.
Turmeric Price Setting Power of India
India's dominant position in turmeric production confers it with significant price-setting power in the global market. Price fluctuations in the Indian market often influence international prices, given India's role as a major exporter. However, global demand-supply dynamics and competitive pressures also influence turmeric prices.
Turmeric End-use Industries
The demand for turmeric is witnessing an upward trend, driven by its versatile applications across various industries:
■ Food and Beverage: Turmeric is extensively used as a spice and food colorant in cuisines worldwide.
■ Pharmaceuticals: Curcumin, a compound found in turmeric, has therapeutic properties, leading to its widespread use in pharmaceutical formulations.
■ Cosmetics & Personal Care Products: Turmeric is a popular ingredient in skincare and haircare products due to its anti-inflammatory and antioxidant properties.
■ Nutraceuticals: Turmeric supplements are gaining popularity for their potential health benefits, such as anti-inflammatory and antioxidant effects.
The trend of turmeric demand is witnessing a notable uptick, driven by its versatile applications across various end-use industries. In the food and beverage sector, turmeric is extensively utilized as a spice and food colorant, reflecting consumers' growing preference for natural ingredients and ethnic flavors.
Moreover, turmeric's inclusion in pharmaceutical formulations is on the rise, owing to the therapeutic properties of curcumin, a bioactive compound found in turmeric. Its anti-inflammatory and antioxidant properties make it a sought-after ingredient in skincare, haircare, and cosmetic products, catering to the increasing demand for natural and organic personal care solutions. Indian turmeric stands out for its superior quality, attributed to its high curcumin content, making it a preferred choice for medicinal and cosmetic purposes.
Furthermore, the burgeoning nutraceutical industry is embracing turmeric supplements for their potential health benefits, including immune support and anti-inflammatory effects. This diversification of end-use applications underscores the expanding market opportunities for turmeric and positions it as a key ingredient in various consumer products across global markets.
Turmeric Trade (Export & Import) Trend
India is a major exporter of turmeric, catering to global demand across regions like the Middle East, Europe, North America, and Southeast Asia. The country also imports turmeric to meet domestic demand during lean production seasons or for specific quality requirements.
India exported 170.09 thousand tonnes of turmeric (fresh, dry, and powder form) in 2022-23, valued at US$ 208 million. It included 67% of dry turmeric, 28% of turmeric powder, and 5% of other turmeric preparations (including fresh turmeric). The country also exported limited quantity of turmeric oil and turmeric preparations worth of US$ 1.12 million in 2022-23. Bangladesh, UAE, Iran, Morocco, and USA are the largest importer of turmeric and derivatives from India.
India Turmeric Market Competitive Analysis
The India turmeric market features a competitive landscape with several key players vying for market share. Some prominent companies involved in turmeric manufacturing and sales in India include:
Key Companies in India Turmeric Market include (Producers/ Processors/ Exporters),
■ 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
Future Outlook
The future outlook for the India turmeric market appears promising, driven by growing domestic consumption and expanding international demand. However, addressing challenges related to quality control, supply chain efficiency, and market infrastructure will be crucial for sustaining growth and competitiveness in the global market. Innovation in product development, value-added processing, and sustainable cultivation practices could further enhance the market's prospects in the coming years.
Report Coverage
India turmeric market report covers historical market data from 2010-2023 and projections to 2030. The report also includes supply & demand and trade (import-export) market analysis. The decision matrix analysis helped in identifying the barriers and their implications on the value chain and different factors of relative significance to the India turmeric market are diligently tracked and their impact closely monitored for short, medium, and long-term market cycles. The report's contents cover an analysis of the aspects involved in the turmeric market such as the parent market, the evolution of the industry, innovative technologies in the manufacturing process, supply chain, and listing of key exporters.
Scope of the Report
Report Attributes | Details |
---|---|
Historical Years | 2010–2022 |
Base Year | 2023 |
Forecast Period | 2024–2030 |
Units | Value (US$ Million) and Volume (Tonnes) |
Report Coverage | Production, Consumption, Export, and Import |
Segments Covered |
|
Geographies Covered | India |
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. |
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FAQs:
What is the production size of the turmeric in India?India produced 1.167 million tonnes of turmeric in 2022-23.
What is the production value of turmeric from India?
Gross production value (GPV) market size of turmeric stood at US$ 1.42 billion in 2022-23 (based on farm gate prices).
What are the turmeric exports from India?
In the fiscal year 2022-23, India shipped out 170.09 thousand tonnes of turmeric, valued at US$ 208 million.
Who are the major importers turmeric from India?
Bangladesh, UAE, Iran, Morocco, and USA are the largest importer of turmeric and derivatives from India. Who are the major producers of turmeric?
India takes the lead in both producing and consuming turmeric worldwide. Additionally, countries such as China, Myanmar, Nigeria, and Bangladesh are among the global producers of this spice.
India Turmeric Market – Supply & Demand, Trade, and Competitive Landscape Analysis
1. Executive Summary2. 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
3.1. Evolution/ Origin & Geographic/Agronomic Suitability
3.2. Turmeric Crop Seasonality
3.3. Processing & Grading
3.4. Turmeric Uses & Application Areas
3.5. Regulatory Analysis
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
6.1. India Turmeric Crop Analysis (Area and Production)
6.2. India Turmeric Production Trend
7.1. Domestic Consumption
7.2. Processing
7.3. Export Demand
7.4. Turmeric Supply Chain Analysis
7.5. Turmeric Product Variants
8.1. Turmeric Export Trend Analysis
8.2. Top 10 Export Destinations of India Turmeric & Products
9.1. Domestic Price Trend
9.2. Export Price Trend
9.3. Price Seasonality & Price Pattern Analysis
9.4. Price Events Analysis
10.1. India Turmeric Market Mapping
10.1.1. List of Key Countries Importing Turmeric from India
10.1.2. List of Key Companies Exporting Turmeric from India
10.2. Company Profiles
10.2.1. Everest Spices
10.2.2. MDH Spices
10.2.3. Ramdev Food Products Pvt. Ltd.
10.2.4. Catch Foods
10.2.5. Eastern Condiments Private Limited
10.2.6. Pravin/ Suhana Masale
10.2.7. Tata Consumer Products
10.2.8. Synthite Industries Ltd.
10.2.9. Royal Spices
10.2.10. Mane Kancor Ingredients
10.2.11. Jabs International Pvt Ltd.
10.2.12. Plant Lipids (P) Ltd.
10.2.13. Olam Exports (india) Limited
10.2.14. Swastik International
10.2.15. J.Lal Foods International
10.2.16. Aachi Spices & Foods Pvt Ltd.
10.2.17. Nedspice Group
10.2.18. SMJ Exports Pvt. Ltd.
12. Appendix
Table 1: India Turmeric Production Volume (Tonnes) (2010-2030)
Table 2: India Turmeric Production, Value (Tonnes) (2010-2030)
Table 2: India Turmeric Harvested Area, (2010-2030)
Table 3: India Turmeric Market, Demand Volume Details (Volume)
Table 4: India Turmeric Production Analysis, by State (2010-2022)
Table 5: India Turmeric Market, By End-use (Volume) (2015-2025)
Table 6: India Turmeric Export Trend, by Value (2010-2030)
Table 7: India Turmeric Export Trend, by Volume (2010-2030)
Table 8: India Turmeric Export Destinations by Volume (in %share) (2015-2023)
Table 9: India Turmeric Export Destinations by Value (in %share) (2015-2023)
Table 10: Top 10 Countries Importing Turmeric from India, by Value
Table 11: Top 10 Countries Importing Turmeric from India, by Volume
Table 12: India Turmeric Export Trend, By Type (2010-2030)
Table 13: India Domestic Turmeric Market Price Trend (2010-2030)
Table 14: India Turmeric Export Market Price Trend, FoB (2010-2023)
Table 15: Iran Turmeric Export Trend (2010-2023)
Table 16: Bangladesh Turmeric Export Trend (2010-2023)
Table 17: UAE Turmeric Export Trend (2010-2023)
Table 18: USA Turmeric Export Trend (2010-2023)
Table 19: India Turmeric Import Trend, by Value (2010-2030)
Table 20: India Turmeric Import Trend, by Volume (2010-2030)
Table 21: India Turmeric Import Destinations by Volume (in %share) (2015-2023)
Table 22: India Turmeric Import Destinations by Value (in %share) (2015-2023)
Table 23: Top 10 Exporters of Turmeric & Products from India, by Value & Volume
Table 24: Top 10 Importers of Turmeric & Products from India, by Value & Volume
Table 25: List of Turmeric & Products Exporters & Importers
Table 26: India Turmeric Import Destinations by Value (in %share) (2015-2023)
Table 27: Industry Recent Developments
Table 28: Key Companies involved in Global Turmeric Trade, Processing, and Supply
Figure 1: Turmeric Crop Seasonality Trend
Figure 2: India Population Dynamics, 2023
Figure 3: India Spices Production Trend Analysis
Figure 4: India: GDP Annual Growth & Exchange Rate Trend
Figure 5: Global Turmeric Market – An Overview
Figure 6: Global and India Turmeric Production Trend Comparison
Figure 7: India Turmeric Production Trend, 2010-2030 (Volume)
Figure 8: India Turmeric Crop Area Trend, 2010-2030 (Volume)
Figure 9: India Turmeric Production Trend, by State, 2010-2030
Figure 10: India Domestic Consumption of Turmeric, 2015-2030 (Volume)
Figure 11: India Domestic Processing of Turmeric, 2015-2030 (Volume)
Figure 12: India Turmeric Supply Channel Framework
Figure 13: Turmeric Product Variants Available in the Market
Figure 14: Global Turmeric Production, Volume, 2015-2023
Figure 15: Global Imports of Turmeric, Value (USD Million), 2015-2023
Figure 16: India Turmeric Export, Value, 2010-2030
Figure 17: India Turmeric Export, Volume, 2010-2030
Figure 18: India Turmeric Export Destinations Share (by Volume), 2023
Figure 19: India Turmeric Export Trend, by Value & Volume, 2010-2030
Figure 20: Top 10 Countries Importing Turmeric from India, %share by Value
Figure 21: Top 10 Countries Importing Turmeric from India, %share by Volume
Figure 22: Iran Imports of Turmeric, by Value & Volume (2015-2023)
Figure 23: UAE Imports of Turmeric, by Value & Volume (2015-2023)
Figure 24: Bangladesh Imports of Turmeric, by Value & Volume (2015-2023)
Figure 25: USA Imports of Turmeric, by Value & Volume (2015-2023)
Figure 26: Morocco Imports of Turmeric, by Value & Volume (2015-2023)
Figure 27: India Turmeric Price Trend, Annual Average Prices, 2015-2030
Figure 28: India Price Trend, Monthly Average Prices, 2015-2023
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