Turmeric Oleoresin Market to Hit USD 192.2 Mn by 2034, Driven by Demand for Natural Ingredients in Food and Personal Care- TMR

The global turmeric oleoresin market is projected to expand at a CAGR of 8.8% from 2024 to 2034, reaching an estimated US$ 192.2 Mn by 2034. This growth is fueled by rising consumer demand for natural food ingredients, health-conscious choices, and an increasing preference for plant-based skincare products. Industry players are focusing on product innovation and sustainable sourcing to meet evolving consumer expectations.

/EIN News/ -- Wilmington, Delaware, Transparency Market Research Inc. –, Feb. 21, 2025 (GLOBE NEWSWIRE) -- Turmeric Oleoresin Market Poised for Growth Amid Rising Demand for Natural Ingredients

The global turmeric oleoresin market is experiencing rapid growth, with global awareness surging around its health benefits, functional properties, and versatile applications. With a market valuation of US$ 75.5 Mn in 2023, the industry is forecasted to achieve a CAGR of 8.8% from 2024 to 2034, reaching US$ 192.2 Mn by 2034. Increasing adoption of natural and organic products in food, pharmaceuticals, cosmetics, and dietary supplements has been a key driving force behind this expansion.

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North America remains one of the fastest-growing regional markets, owing to a surge in consumer preference for clean-label ingredients, plant-based supplements, and organic skincare solutions. Meanwhile, Asia Pacific continues to be the largest producer, benefiting from a well-established turmeric cultivation industry in countries like India, China, and Indonesia.

Industry Overview

Turmeric oleoresin, a concentrated extract from Curcuma longa, is widely recognized for its antioxidant, anti-inflammatory, and antibacterial properties. It plays a significant role in multiple industries:

• Food Industry: Used as a natural coloring and flavoring agent.
• Pharmaceuticals & Nutraceuticals: Incorporated into dietary supplements for its medicinal properties.
• Cosmetics & Personal Care: Found in skincare and anti-aging formulations.

With a growing inclination toward herbal extracts in cosmetics and the increasing consumption of functional foods and beverages, turmeric oleoresin is expected to see strong market penetration over the next decade.

Key Players and Market Advancements

Leading manufacturers are investing in research and innovation to introduce high-purity turmeric oleoresins with enhanced bioavailability. Companies like Synthite Industries Ltd., Kancor Ingredients Ltd., Akay Group, and Ungerer & Company are at the forefront, focusing on sustainable sourcing, clean-label production, and advanced extraction techniques.

Recent Developments:

• Synthite Industries announced the launch of a high-bioavailability turmeric extract to cater to the increasing demand in the dietary supplement industry.
• Kancor Ingredients expanded its extraction facilities to meet the growing demand for turmeric oleoresin in the food and beverage sector.
• Akay Group partnered with research institutions to develop novel formulations enhancing the absorption of curcumin in functional beverages.

Market Trends Shaping the Industry

1. Growing Demand for Clean-Label Ingredients: Consumers are actively seeking plant-based and organic food additives, increasing demand for turmeric oleoresin.
2. Expansion of Functional Beverages & Nutraceuticals: The rise of turmeric-based health drinks and immunity-boosting products fuels market growth.
3. Rise of Ayurveda and Herbal Cosmetics: The personal care industry is incorporating turmeric oleoresin into skincare products, emphasizing natural beauty trends.
4. Technological Advancements in Extraction: Industry players are investing in advanced extraction techniques to improve the potency and purity of turmeric oleoresin.

Market Scope and Growth Drivers

The turmeric oleoresin market is fueled by:

• Rising demand for natural food ingredients replacing synthetic additives.
• Expansion in functional foods and nutraceuticals due to health-conscious consumer trends.
• Technological advancements in oleoresin extraction improving purity and shelf life.
• Stringent regulations on synthetic colors boosting adoption of plant-based alternatives.

Top Market Trends in the Food Industry

1. Clean Label Movement: Consumers prefer natural food products, pushing food brands to eliminate artificial colors and preservatives.

2. Plant-Based Food Boom: Turmeric oleoresin is used in vegan meats, dairy alternatives, and functional drinks.

3. Increased Use in Spices & Condiments: Processed food brands are incorporating turmeric extracts for flavor and health benefits.

4. Growing Functional Beverage Market: Curcumin-fortified drinks, herbal teas, and energy shots are gaining traction.

5. Sustainable Ingredient Sourcing: Companies are adopting eco-friendly and organic farming practices for turmeric cultivation.

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Market Summary

• Global Market Size (2023): USD 75.5 Million
• Projected Growth (2024–2034): CAGR of 8.8%
• Estimated Market Value (2034): USD 192.2 Million

Market Segmentation and Regional Outlook

By Service Type:

• Food and Beverages
• Pharmaceuticals and Nutraceuticals
• Cosmetics & Personal Care
• Others (Textiles, Dyes, etc.)

By Region:

• North America – Fastest-growing region with high adoption of herbal and organic ingredients.
• Europe – Strong demand for turmeric oleoresin in pharmaceuticals and personal care.
• Asia Pacific – Largest producer and exporter, benefiting from turmeric-rich countries like India and China.
• Middle East & Africa – Emerging market with increasing awareness of functional foods.
• Latin America – Growing food & beverage sector creating opportunities for turmeric-based formulations.

Future outlook

As the turmeric oleoresin market continues to evolve, companies investing in sustainability, innovation, and bioavailability enhancements will gain a competitive edge. The increasing application of turmeric oleoresin in functional foods, dietary supplements, and organic skincare is expected to push market growth to new heights.

Industry players should prioritize strategic collaborations, R&D investments, and diversified product portfolios to cater to rising consumer demands. With the market projected to reach US$ 192.2 Mn by 2034, the turmeric oleoresin industry is set for a transformative decade of expansion.

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FAQs on the Turmeric Oleoresin Market-

1. What is turmeric oleoresin, and how is it used?
   Turmeric oleoresin is a concentrated extract derived from turmeric, used as a natural coloring, flavoring agent, and active ingredient in food, pharmaceuticals, cosmetics, and nutraceuticals.
2. What is driving the growth of the turmeric oleoresin market?
   Increasing demand for natural food additives, health-conscious consumers, and expanding applications in supplements, skincare, and functional foods are key growth drivers.
3. Which industries are the largest consumers of turmeric oleoresin?
   The food & beverage, pharmaceutical, cosmetics, and nutraceutical industries are major consumers, leveraging its anti-inflammatory, antioxidant, and coloring properties.
4. Which region dominates the turmeric oleoresin market?
   India is the largest producer and exporter, while North America and Europe are experiencing rising demand due to clean-label and natural ingredient trends.
5. What are the key challenges in the market?
   High production costs, raw material price fluctuations, and stringent regulations on natural additives pose challenges for market growth.

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