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
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 producer, consumer, and exporter of turmeric (Curcuma longa). India exported 170.09 thousand tonnes of turmeric in 2022-23, valued at US$ 208 million (fresh, dry, and turmeric powder). Other global producers of turmeric include, China, Myanmar, Nigeria, and Bangladesh.
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:
■ Analysis of the India turmeric market with respect to supply-demand, growth trends, and trade (export & import) patterns |
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.
India Turmeric Market Segmentation Analysis
The India turmeric market is segmented based on product type, application, and distribution channel. Product types include raw turmeric and processed turmeric (such as turmeric powder and oleoresins), with processed turmeric dominating due to its wide culinary and medicinal use.
In terms of application, the market is divided into food and beverages, pharmaceuticals, cosmetics, and dyeing, with the food segment holding a major share due to turmeric's extensive use as a spice and natural colorant. Pharmaceutical and cosmetic applications are also growing rapidly, driven by the increasing awareness of turmeric's anti-inflammatory and antioxidant properties.
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. |
Research Design
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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. 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
9.1. Turmeric Export Trend Analysis
9.2. Top 10 Export Destinations of India Turmeric & Products
10.1. Domestic Price Trend
10.2. Export Price Trend
10.3. Price Seasonality & Price Pattern Analysis
10.4. Price Events 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.
13. 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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