Turmeric Market in India 2015-2019

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Turmeric Market in India 2015-2019

The report discusses the following in-depth:

• Market Size and Forecast

• Market Segmentation

• Buying Criteria

• Vendor Landscape

• Business Segmentation

• Geographical Segmentation

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Turmeric Market in India 2015-2019,

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Key Trends

Technavio’s Senior Analyst says, “There are various factors that have made the stated growth possible. Usage of the product is constantly increasing due to its association with festive occasions. No Hindu ritual is considered to be complete without the presence of turmeric. Moreover, a wide variety of product types is offered to customers, thus giving them further options. The increase in acreage is the major reason for this.”

• The idea of the use of turmeric is not new in India. Turmeric has been India's golden spice for the past five centuries. This is one of those very few Indian products that are perceived to have both commercial as well as mythological significance. In almost every Indian household, turmeric is used not only in the culinary item but also as cosmetics. However, being a kharif crop, the productivity of the spice is very uncertain.

• Technavio’s analysts forecast the turmeric market in India to grow at a CAGR of 0.97%, in terms of consumption, for the period of 2014-2019.

• Understanding the key drivers influencing the market

• Understanding the challenges faced by the market

• Activities of various stakeholders involved

• Key focus areas for the vendors

• Major trends that will shape the future of this market

• Vendor landscape and trajectory of the market

• Conclusion

Scope of The Report

A detailed analysis of each market driver, challenge

and trend isavailable in our report:

Turmeric Market in India 2015-2019

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Vendors

To understand the vendor landscape and for a full list of vendors view

our report:

Turmeric Market in India 2015-2019

ITC

Everest Spices

MDH

FMCG ITC was founded in 1910 and is headquartered in Kolkata, West Bengal, India. It involves in various businesses such as fast moving consumer goods, hotels, paperboards and specialty papers, packaging, agri-products, and information technology worldwide.

Everest Spices was founded in 1968 and is headquartered in Mumbai, Maharashtra, India. It manufactures, markets, and distributes ground spices and spice mixes primarily in India.

MDH was founded in 1919 and is headquartered in New Delhi, India. It manufactures, distributes, and exports a wide range of ground spices and spice mixtures worldwide.

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Market Landscape

• Even though it is cultivated as a spice, turmeric has other beneficial uses as well. Slowly, the product is gaining prominence for other uses.

• The demand for this product from many cosmetic as well as pharmaceutical players is increasing due to the existence of various therapeutic elements in the product.

• It has been observed that most consumers are adhering to herbal and natural products for beauty and health benefits.

• Moreover, many importers of turmeric give value to the medicinal as well cosmetic benefits of the product rather than its culinary usage.

• Many cosmetic companies use turmeric or the idea of the product as a whole to give their products a more credible foothold.

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Key Buying Criteria

Parameter Details

Quality The product should have a rich flavor so as to enhance the taste of the food.

Cost The product should be reasonably priced.

Brand Name The brand adds to the credibility of the product.

Purity The product should not contain added color.

• Growth Forecasts?

• Market Analysis?

• Revenue Forecasts?

• Regional and Country level Analysis?

• Competitive Structure?

• Emerging Trends?

• Vendor Landscape?

• Other?

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Turmeric Market in India 2015-2019

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