The global turmeric formulas market is expected to grow at a significant CAGR during the forecast period (2024-2031). The key factor propelling the growth of the global turmeric formulas market includes growing customer inclination towards herbal-based products and rising awareness about benefits of ayurvedic products among population.
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Turmeric formula consists of coarsely powdered turmeric (with not less than 90% of curcuminoids) and Trikatu. Trikatu is the pipperine that is present in black pepper and long pepper and intended for the improved absorption of curcuminoids in the body. Turmeric formulas are intended to support essential blood and liver functions, healthy inflammation response, have antiviral properties, overall wellbeing radiant skin, and improves digestion. The active component of turmeric is curcumin which is a diferulolylmethane molecule. The molecule is also intended for the supportive care of clinical conditions such as proteinuria, breast cancer, non-small cell lung cancer (NSCLC), and multiple myeloma. Owing to these applications of curcumin, the demand for turmeric formulas is rising.
The key players contributing to the growth of the global turmeric formulas market by adopting various strategies such as product launches and developments, mergers and acquisition, partnerships, and agreements, include 21st Century, Natural Factors, Gaia Herbs, California Gold Nutrition, MegaFood, Organic India, Planetary Herbals, Now Foods, Youtheory, Solaray, among others. For instance, in May 2021, Gaia herbs launched its FDA approved and Non-GMO verified turmeric formulas- Turmeric Supreme Adult Daily Gummies and Turmeric Supreme Extra Strength Gummies, for entire-body health and healthy-lifestyle.
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Market Coverage
- Segment Covered-
o By Type
o By Application
- Regions covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- 21st Century, Natural Factors, Gaia Herbs, California Gold Nutrition, MegaFood, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Turmeric Formulas Market- Segmentation
By Type
- Solids
- Capsules
- Veggie Capsules
- Tablets
By Application
- Digestive issues
- Menstrual problems
- Arthritis
- Infections
- Jaundice
- Coughs
- Rheumatic pains
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