Turmeric : Market Analysis 2020

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Origin and Uses

Turmeric is one of the most potent spice known to be originated in India. It later reached to the coast of China followed by East Africa. After 500 years of reaching the East, turmeric finally reach the western region of Africa.

Turmeric is usually consumed in the powdered form (Turmeric Powder) in the modern era. People use Turmeric powder in numerous dishes for giving a natural savor and to add a tinge of golden-yellow in dishes. Due to numerous medicinal properties, Turmeric has been used in Ayurveda and Folk medicine since a long time.

In Northen Indian, women are given a tonic of fresh turmeric psate mixed with Honey and Milk after childbirth. It is known to help women feel more rejuvenated and relaxed. 

Curcumin is the responsible ingredient for all the medicinal benefits of Turmeric and Turmeric powder. It is the prime element in Turmeric finger.

Turmeric and Turmeric powder

Varieties of Turmeric in India

There are numerous suppliers, manufacturers and exporters of Turmeric across India who sell a wide range of different varieties of Turmeric.

For example, suppliers of turmeric in Kerala would supply a variety known as ‘Alleppey Finger’. A supplier or manufacturer of turmeric in Maharashtra would be mainly trading in ‘Rajapore’ and ‘Sangli turmeric’.

However, there are a few major varieties that is mainly traded by the exporters of Turmeric.

They are as below :

Erode Turmeric
Erode Turmeric
Madras Turmeric Tuber
Madras Turmeric Tuber
Rajapuri Turmeric
Rajapuri Turmeric
Alleppey turmeric
Alleppey turmeric

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Alleppey Finger Turmeric, cultivated in Kerala, is high in Curcumin – It is thus preferred more by the spices importers, suppliers and manufacturers in Europe and other continents.

In middle eastern countries as well as in UK, USA and Japan, some of the popular varieties of turmeric are ‘Alleppey Finger’,  ‘Erode turmeric’, ‘Rajapore’ ‘Sangli turmeric’ and ‘Nizamabad Bulb’

Global Production of Turmeric

The demand for turmeric suppliers, manufacturers and exporters has been ever increasing due to its high consumption.

India is the largest producer, supplier and consumer of Turmeric in the entire world. Around 80% of turmeric production in the world is done by India and almost 60% of Exports, supply and manufacture of turmeric and it’s related item is made by India.

Below is a map of India that shows the top producers of Turmeric and other spices : (Source : http://turmericworld.com)

top producers of Turmeric in India

Global Demand of Turmeric

There has been a continuous uptrend in the demand for turmeric, turmeric powder and other related products in the entire world.

According to Mordor Intelligence, the market segment of Asia Pacific is showing the highest demand and is embracing the traders of turmeric.

Among the importers of turmeric, United States, Iran and Germany secure the topmost position in the entire world.

turmeric_finger_suppliers_india

As seen from the data provided by Mordor Intelligence, India, Pakistan, Afghanistan, Myannmar, Thailand and the entire Asia Pacific zone is the largest consumer of Turmeric in the entire world.

Russia, China, United States, Mexico, Australia and New Zealand seem to produce a moderate to high demand of turmeric and it’s related products.

Why is the Global Demand of Turmeric Growing ?

Increasing consumer conciousness towards consuming natural and organic ingredients has been an important factor keeping exporters, suppliers and manufacturers of turmeric on toes.

The inclination of people towards consuming natural colors instead of synthesized colors has also given a boost in exports of turmeric and it’s powder. Natural colors have become a purchase priority of consumers due to an increased sense of health and food awareness.

You can find more detailed article about different uses of turmeric from the following link : https://www.sciencedirect.com/topics/agricultural-and-biological-sciences/turmeric

Top producers, suppliers and manufacturers of Turmeric spice in India

Since turmeric requires warm and humid climatic conditions for growth, it is easily produced in diverse Indian states.

Andhra Pradesh (Telangana) is by far the largest producer of a wide variety of Turmeric in India. Several suppliers and manufacturers of turmeric export their produce to countries like United States and Australia.

Here is a statistic showing the top turmeric producing states of India as on 2018-2019 :

(Source : https://www.statista.com/statistics/870963/turmeric-production-by-state-india/ )

largest_suppliers_of_turmeric

Different Uses and Benefits of Turmeric

Turmeric can be served in powdered form or whole. Being a potent Ayurvedic medicine since the middle ages, Turmeric helps in curing acne, healing wounds, curing Psoriasis, Exfoliating dead skin cells, treating diabetes, and also controlling blood pressure in the body.

suppliers of turmeric

Different Names with Different Cultures

  • Spanish : Curcuma
  • French : Curcuma
  • German : Kurkuma Gelbwurzel
  • Swedish : Gurkmeja
  • Arabic : Kurkum
  • Dutch : Geelwortel
  • Italian : Curcuma
  • Portuguese : Acafrao-da-India
  • Russian : Zholty Imbir
  • Japanese : Ukon
  • Chinese : Yu.Chin

Verdict

If you’re planning to trade in turmeric, either as a supplier, manufacturer, exporter or importer of Turmeric, then the time was never more RIGHT!

Turmeric is a spice that has been rooted deeply in the cultures and minds of people due to it’s array of medicinal properties and due to it’s flavor and color in the dishes. Several cultures use Turmeric raw or in powdered form in their everyday.

If you’re planning to begin the trade of Turmeric, then you should pick the top countries that are importing Turmeric from India. As named earlier, USA, UK, GERMANY are some of the top importers of turmeric.

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Avinash
Avinash
7 months ago

Nice article

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