In the majority of the world’s nations, people use turmeric as one of the most significant spices. Use turmeric paste or powder to flavor and color meals. Curry powder’s main component is turmeric. Additionally, the textile sector uses it as a dye. Cosmetics, ointments, and therapeutic oils are made with turmeric. It is a good antibacterial and a blood purifier. Recent studies have shown that turmeric is a natural miracle that can be used to treat a variety of ailments, from cancer to Alzheimer’s disease.

GLOBAL MARKET DEMAND

According to a report by Mordor Intelligence, the global turmeric market was valued at USD 1.3 billion in 2020 and is projected to reach USD 1.9 billion by 2026, growing at a CAGR of 6.5% during the forecast period 2021-2026. The Asia-Pacific region is the largest producer and consumer of turmeric, with India being the leading producer and exporter. The increasing popularity of turmeric in Western countries is also contributing to the growth of the global market.

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