1. Turmeric Market Forecast and Outlook 2025 to 2035

The global turmeric market is poised for significant growth in the coming decade. Projected to expand from USD 4.9 billion in 2025 to USD 8.4 billion by 2035, the market is expected to advance at a Compound Annual Growth Rate (CAGR) of 5.5% Future Market Insights. In India, the turmeric export sector is also experiencing robust growth, with exports reaching 176,325 tonnes valued at $341 million in FY 2024–25, accounting for 66% of global turmeric exports indiagraphs.com.

2. Why Is the Turmeric Market Growing?

Several factors contribute to the burgeoning demand for turmeric:

• Health Consciousness: Turmeric’s active compound, curcumin, is renowned for its anti-inflammatory, antioxidant, and potential anticancer properties, leading to increased use in dietary supplements and functional foods.
  
• Cosmetic Industry Expansion: The growing preference for natural ingredients in skincare has boosted the demand for turmeric-infused products.
  
• Culinary Usage: As global cuisines become more diverse, turmeric’s role as a flavoring and coloring agent in various dishes has expanded.
  
• Government Initiatives: India’s extension of the Remission of Duties and Taxes on Export Products (RoDTEP) scheme until March 2026 provides financial incentives to exporters, enhancing competitiveness in international markets Reuters.
  

3. Turmeric Market Analysis by Top Investment Segments

Key segments driving investment in the turmeric market include:

• Turmeric Powder: The most widely consumed form, used in cooking and as a coloring agent.
  
• Curcumin Extracts: Utilized in pharmaceuticals and nutraceuticals for their health benefits.
  
• Turmeric Oleoresin: Employed in the food and beverage industry for flavoring.
  
• Cosmetic Products: Turmeric’s incorporation into skincare products is on the rise due to its anti-inflammatory properties.
  
• Turmeric-Infused Actives: The market for turmeric-infused active ingredients is projected to grow from USD 923.3 million in 2025 to USD 2,994.3 million by 2035, at a CAGR of 12.5% Future Market Insights.

4. Drivers, Restraints, and Key Trends of the Turmeric Market

Drivers:

• Rising Health Awareness: Increased consumer awareness about the health benefits of turmeric is propelling market growth.
  
• Expanding Application Areas: The versatility of turmeric in various industries, including food, pharmaceuticals, and cosmetics, fuels demand.
  
• Government Support: Export incentives and support for turmeric farmers enhance production and export capabilities.
  

Restraints:

• Climate Dependency: Turmeric cultivation is sensitive to climatic conditions, making it vulnerable to weather-related disruptions.
  
• Price Volatility: Fluctuations in turmeric prices can impact profitability for producers and exporters.
  

Key Trends:

• Organic Turmeric: There is a growing preference for organically cultivated turmeric, driven by consumer demand for natural products.
  
• Value-Added Products: Development of turmeric-based products like capsules, lattes, and gummies caters to health-conscious consumers Accio.
  

5. Turmeric Market Analysis by Key Countries

India:

• Production: India produces over 75% of the world’s turmeric, with key producing states including Andhra Pradesh, Tamil Nadu, Telangana, Maharashtra, Odisha, and Karnataka India Brand Equity Foundation.
  
• Export: India is the largest exporter of turmeric globally, with major importers being Bangladesh, the United States, the United Arab Emirates, Malaysia, and Morocco indiagraphs.com.
  

United States:

• Import: The U.S. is one of the largest importers of turmeric, driven by demand in the food and supplement industries.
  

European Union:

• Demand: The EU exhibits strong demand for turmeric, particularly for organic and high-quality products used in culinary and cosmetic applications.
  

Bangladesh:

• Consumption: Bangladesh is a significant importer of turmeric, primarily for culinary use.
  

United Arab Emirates:

• Re-export Hub: The UAE serves as a re-export hub for turmeric, facilitating trade to other Middle Eastern and African countries.
  

6. Report Scope

This report provides an in-depth analysis of the global turmeric market, focusing on:

• Market Size and Forecast: Detailed projections from 2025 to 2035.
  
• Segmentation: Analysis by product type, application, and region.
  
• Competitive Landscape: Insights into key players and market strategies.
  
• Market Dynamics: Examination of drivers, restraints, and trends influencing the market.
  

7. FAQ

Q1: What is the current export price of turmeric from India?

As of October 1, 2025, the export price of turmeric from India varies based on quality and form. For instance, large turmeric from Thailand is priced at USD 2.78 per kg, while yellow turmeric from Northern Pathum Thani is priced at USD 1.54 per kg.

Q2: Which states in India are the leading producers of turmeric?

Key turmeric-producing states in India include Andhra Pradesh, Tamil Nadu, Telangana, Maharashtra, Odisha, and Karnataka India Brand Equity Foundation.

Q3: What are the major export destinations for Indian turmeric?

Major export destinations for Indian turmeric include Bangladesh, the United States, the United Arab Emirates, Malaysia, and Morocco indiagraphs.com.

Q4: How is the Indian government supporting turmeric exporters?

The Indian government has extended the Remission of Duties and Taxes on Export Products (RoDTEP) scheme until March 2026, providing financial incentives to exporters Reuters.

Q5: What is the projected growth rate of the turmeric market?

The global turmeric market is projected to grow at a CAGR of 5.5% from 2025 to 2035 Future Market Insights.

In conclusion, the turmeric market is on a robust growth trajectory, driven by increasing health awareness, expanding applications across various industries, and supportive government policies. India continues to play a pivotal role as the leading producer and exporter, with significant contributions from states like Andhra Pradesh, Tamil Nadu, and Telangana.