Turmeric Oleoresin Market | Key Driver, Key Players

 

Turmeric Oleoresin Market
Turmeric Oleoresin Market

Turmeric oleoresin is obtained by the extraction of roots of Curcuma longa Linn, processed with volatile solvents such as methanol, ethanol, and isopropanol, etc. It is typically a spice oleoresin that mainly constitutes of 15% to 20% of curcumin, obtained from the ground rhizomes of turmeric. Turmeric oleoresin is available in yellow to dark red-brown paste, lumps, powder or liquid form. It finds significant application in the food industry as a flavoring agent. Owing to its soluble characteristics, turmeric oleoresin finds high usage as a food additive in various cuisines across the globe. Countries such as India, China and Brazil are the major manufacturing hubs for turmeric oleoresin and thus, are the market leaders. CMI predicts the global turmeric oleoresin market to grow at a healthy growth rate owing to shifting consumer preference towards use of natural oleoresins.

 

A key driver propelling growth of the global Turmeric Oleoresin Market is the usage of oleoresin in margarine and dry mixes. Turmeric oleoresin available in dry powder form allows for easy mixing as compared to conventional oleoresins and thus, finds increasing application in instant mix food products such as soups, beverages, and ready meal. Owing to the ability of turmeric oleoresin to enhance the stability and facilitate the application in food products is also expected to drive growth of the global market. Furthermore, turmeric oleoresin is expected to witness an escalating demand in the future due to its longer shelf-life and acts as an economical substitute for ground spices.

 

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.

Comments

Popular posts from this blog

Security Robot Market is Estimated To Witness High Growth Owing To Increasing Demand for Enhanced Surveillance

The Ever-Evolving Landscape of the Scottish Whisky Market during the Forecast Period 2019-2027

Monochloroacetic Acid (MCAA) Market Is Estimated To Witness High Growth Owing To Increasing Demand for Surfactants and Herbicides