Rising Demand for Natural Ingredients Drives Turmeric Oleoresin Market to Reach USD 118.1 Million by 2032 | Future Market Insights Inc. [Yahoo! Finance]
GIVAUDAN SA UNSP/ADR (GVDNY)
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Source: Yahoo! Finance
The growing demand for natural ingredients and its health benefits is driving market growth in the region. NEWARK, DE / ACCESSWIRE / November 6, 2024 / The global market for turmeric oleoresin is on a strong growth trajectory, projected to increase from USD 71.1 million in 2022 to USD 118.1 million by 2032, exhibiting a CAGR of 5.20% during the forecast period of 2022 to 2032. With a rising demand for natural colorants and ingredients, turmeric oleoresin has become a vital ingredient across industries such as food and beverage, pharmaceuticals, and cosmetics. Turmeric oleoresin, a concentrated extract derived from the turmeric plant ( Curcuma longa ), has long been valued for its medicinal, culinary, and cosmetic applications. Containing 5-15% curcumin, turmeric oleoresin offers the same therapeutic and flavoring benefits as the raw turmeric spice. However, its high solubility and potency make it particularly appealing for use in processed food products, cosmetics, and even pharma
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