The Turmeric Market is a vibrant and growing sector in the international spice and agricultural industry. Turmeric scientifically called Curcuma longa is a flowering plant that is native to South Asia. It has been used for centuries to make a flavor, traditional medicine, and coloring ingredient in many culinary styles and cultures all over the world. The demand for turmeric has grown significantly over the last few years, aided by its numerous advantages for health and its numerous uses.
One of the major motives behind the demand for turmeric is its popularity as an effective natural remedy. Turmeric is a potent compound known as curcumin. It has strong antioxidant, anti-inflammatory as well as antimicrobial qualities. They have also made curcumin and turmeric an integral component of supplements and alternative therapies which has led to the growing demand for turmeric-derived supplements, pills and extracts.
In addition, its culinary applications have also contributed to its growth in the market. It is a staple element in Indian, Middle Eastern, and Southeast Asian cuisines, adding a distinctive flavor and vibrant hue to many food items. The rise of global food trends and the increasing popularity of ethnic food, has boosted the demand for turmeric as a culinary spice, both in raw or processed form.
In recent times, the turmeric market has experienced a dramatic geographical expansion. Although India remains the top producer and buyer of turmeric other countries, including Bangladesh, Pakistan, Myanmar and Indonesia have increased production to meet increasing demand in the world. In addition, there has seen a rise in the amount of the cultivation of turmeric in areas outside of Asia, including Central and South America, Africa, and Australia in the wake of farmers and agricultural businesses recognizing the potential of this market.
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