Turmeric Oleoresin Market Segmentation: Applications and End-User Industries
The global turmeric oleoresin market is experiencing significant growth and is poised to expand even further in the coming years. Turmeric oleoresin, a concentrated extract obtained from the rhizomes of the turmeric plant, has gained immense popularity due to its various health benefits and versatile applications in the food, pharmaceutical, and cosmetic industries. One of the key drivers behind the growth of the turmeric oleoresin market is the increasing awareness of its health benefits. Turmeric, a spice native to South Asia, has been used for centuries in traditional medicine for its anti-inflammatory, antioxidant, and anti-cancer properties. Turmeric oleoresin, which contains the bioactive compound curcumin, has emerged as a potent ingredient in dietary supplements and functional foods, contributing to the overall growth of the market. The food industry has witnessed a surge in demand for natural and clean label ingredients, and turmeric oleoresin fits perfectly into this trend