Turmeric Oleoresin Market Analysis Growth

Mahendrajakore20 Sep, 2022Business

According to a recent study conducted on turmeric oleoresin by Transparency Market Research, it was found that the market is expanding at a CAGR of 9.4% to reach US$ 165.7 Mn by the end of the forecast period. Turmeric oleoresin is largely extracted by the process of solvent extraction which holds value US$ 63.9 Mn in 2022 and is expected to reach US$ 155.2 Mn by the end of 2032. Based on distribution channel, the value of turmeric oleoresin consumed through business to consumer is growing at a CAGR of 10% and is estimated to reach US$ 41.6 Mn by 2032.