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Coleus and Turmeric Market by Product (Coleus, Turmeric Powder, Curcumin, Branded Turmeric), Application (Food and Beverages, Pharmaceutical & Health Supplements, Cosmetics, Other Applications), and Geography - Global Forecast to 2027

March 2021 | 102 pages | ID: C516C6E7041AEN
Meticulous Market Research Pvt. Ltd.

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Coleus and Turmeric Market by Product (Coleus, Turmeric Powder, Curcumin, Branded Turmeric), Application (Food and Beverages, Pharmaceutical & Health Supplements, Cosmetics, Other Applications), and Geography – Global Forecast to 2027

The research report titled “Coleus and Turmeric Market by Product (Coleus, Turmeric Powder, Curcumin, Branded Turmeric), Application (Food and Beverages, Pharmaceutical & Health Supplements, Cosmetics, Other Applications), and Geography – Global Forecast to 2027” provides an in-depth analysis of the coleus and turmeric market in five major geographies and emphasizes on the current market trends, market size, market shares, recent developments, and forecasts to 2027. The coleus and turmeric market is expected to reach $6.9 billion by 2027, at a CAGR of 7.4% during the forecast period.

The growth of this market is mainly attributed to the growing demand for coleus forskolin in the sports nutrition industry, increasing consumption of weight loss supplements, consumer demand for natural products, and the growing Ayurveda sector. Moreover, increasing government initiatives and growing focus on curcumin research and development are expected to provide lucrative opportunities for manufacturers in the market. However, health complications associated with excess intake and the adverse effects of climate change are expected to hinder market growth to some extent.

The study offers a comprehensive analysis of the coleus and turmeric market based on product, application, and geography. The coleus and turmeric market is mainly segmented by product (coleus forskohlii extract, turmeric powder, turmeric extract (curcumin), and branded turmeric), application (food and beverages, pharmaceutical and health supplements, cosmetics, other applications), and geography. The study also evaluates industry competitors and analyzes the market at the country level.

Based on product, the coleus and turmeric market is segmented into coleus forskohlii extract, turmeric powder, turmeric extract (curcumin), and branded turmeric. The turmeric powder segment accounted for the largest market share in 2020 due to its growing demand across various industries due to its high nutritional content and several health benefits. Moreover, rising government initiatives to enhance turmeric cultivation and production in major turmeric production countries, including India, further support the growth of the turmeric powder market. However, the coleus forskohlii extract segment is expected to register the highest growth during the forecast period, primarily due to the rising trend of plant-based cosmetic products, growing consumer awareness regarding personal health and wellbeing, and huge demand from the healthcare and pharmaceutical industry.

Based on application, the turmeric powder market is segmented into food and beverage, pharmaceutical and health supplements, cosmetics, and other applications. The food and beverage segment commanded the largest share of the overall turmeric powder market in 2020. The largest share and fastest growth of this segment is mainly attributed to its extensive use as a spice in cooking across South Asian countries and the Middle East. Moreover, rising awareness about the benefits of natural food products and its growing demand in canned beverages, baked items, yellow cakes, sauces, dairy items, popcorn, sweets, cereals, cake icings, ice creams, orange juices, and biscuits are further support the growth of this market.

Moreover, the pharmaceutical and health supplements segment commanded the largest share of the overall turmeric extract (curcumin) market in 2020. However, the food and beverages segment is expected to register the highest growth during the forecast period, primarily due to increasing health consciousness among the consumer and growing demand for natural food coloring additives.

In 2020, the pharmaceutical and health supplements segment commanded the largest share of the overall coleus forskohlii extract market. The large share of this segment is primarily attributed to the growing health consciousness and health benefits of coleus forskohlii extract in the healthcare and pharmaceutical industry.

Geographically, Asia-Pacific commanded the largest share of the coleus and turmeric market in 2020, followed by the Middle East & Africa and Europe. The presence of key players, increasing demand for nutritional supplements, growing number of health-conscious people, rising government support for the cultivation of the coleus & turmeric, growing medical tourism sector, and increasing demand for herbal medicines are some of the factors propelling the growth of this market. However, North America is expected to register the highest CAGR during the forecast period owing to the growing demand for food & nutritional supplements, increasing prevalence of chronic diseases, rising health awareness among the consumers, rising number of product launches, and the expanding Ayurveda industry. Also, the presence of numerous premium cosmetic brands and growing consumer inclination towards organic components, such as coleus and turmeric, further support the growth of this market.

Key Players

The key players profiled in the coleus and turmeric market are Wacker Chemie AG (Germany), Ambe Phytoextracts Pvt Ltd. (India), OmniActive Health Technologies Limited (India), Natural Remedies (India), Herbochem (India), Inventia Healthcare Limited (India), Sabinsa Corporation (U.S.), Star Hi Herbs Pvt Ltd. (India), Arjuna Natural Pvt Ltd. (India), Plant Lipids Private Limited (India), Pharmavit (Netherlands), Indena S.p.A. (Italy), Olive Lifesciences Pvt Ltd (India), Alchem International Pvt. Ltd. (India), and Sanat Products Ltd. (India).

Key Questions Answered in the Report-
  • Which are the high-growth market segments in terms of product, application, and region/country?
  • What was the historical market size for coleus and turmeric across the globe?
  • What are the market forecasts and estimates for the period 2020–2027?
  • What are the major drivers, restraints, opportunities, and trends for the global coleus and turmeric market?
  • Who are the major players in the global coleus and turmeric market?
  • How is the competitive landscape, and who are the market leaders in the global coleus and turmeric market?
  • What are the recent developments in the global coleus and turmeric market?
  • What are the geographical trends and high-growth regions/countries?
  • Who are the local emerging players in the global coleus and turmeric market, and how do they compete with the global players?
Scope of the Report

Coleus and Turmeric Market, by Product
  • Coleus Forskohlii Extract
  • Turmeric Powder
  • Turmeric Extract (Curcumin)
  • Branded Turmeric
Coleus and Turmeric Market, by Application
  • Food and Beverages
  • Pharmaceutical and Health Supplements
  • Cosmetics
  • Other Applications
Coleus and Turmeric Market, by Geography
  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Netherlands
    • France
    • Spain
    • RoE (Rest of Europe)
  • Asia-Pacific
    • India
    • China
    • Japan
    • Australia
    • RoAPAC (Rest of Asia-Pacific)
  • Latin America
  • Middle East & Africa
1. INTRODUCTION

1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency
1.4. Key Stakeholders

2. RESEARCH METHODOLOGY

2.1. Research Process
2.2. Data Collection & Validation
  2.2.1. Secondary Research
  2.2.2. Primary Research
2.3. Market Assessment
  2.3.1. Market Size Estimation
    2.3.1.1. Bottom-Up Approach
    2.3.1.2. Top-Down Approach
    2.3.1.3. Growth Forecast
2.4. Assumptions for the Study
2.5. Limitations for the Study

3. EXECUTIVE SUMMARY

3.1. Introduction
3.2. Segment Analysis
  3.2.1. Product Analysis
  3.2.2. Regional Analysis
  3.2.3. Key Players

4. MARKET INSIGHTS

4.1. Introduction
4.2. Drivers
  4.2.1. Growing Demand for Coleus Forskolin in the Sports Nutrition Industry
  4.2.2. Increasing Consumption of Weight Loss Supplements
  4.2.3. Consumer Demand for Natural Products
  4.2.4. Growing Ayurveda Sector
4.3. Restraints
  4.3.1. Health Complications Associated with Excess Intake
  4.3.2. Adverse Effects of Climate Change
4.4. Opportunities
  4.4.1. Increasing Government Initiatives
  4.4.2. Growing Focus on Curcumin Research and Development
4.5. Trends
  4.5.1. Growing Demand for Herbal Cosmetics Products
  4.5.2. Increasing Demand for Organic Turmeric

5. IMPACT OF COVID-19 ON THE COLEUS AND TURMERIC MARKET

6. GLOBAL COLEUS AND TURMERIC MARKET, BY PRODUCT

6.1. Introduction
6.2. Turmeric Powder
6.3. Turmeric Extract (Curcumin)
6.4. Branded Turmeric
6.5. Coleus Forskohlii Extract

7. GLOBAL COLEUS AND TURMERIC MARKET, BY APPLICATION

7.1. Introduction
7.2. Food and Beverages
7.3. Pharmaceutical and Health Supplements
7.4. Cosmetics
7.5. Other Applications

8. COLEUS AND TURMERIC MARKET, BY REGION

8.1. Introduction
8.2. North America
  8.2.1. U.S.
  8.2.2. Canada
8.3. Europe
  8.3.1. U.K.
  8.3.2. Germany
  8.3.3. Netherlands
  8.3.4. France
  8.3.5. Spain
  8.3.6. Rest of Europe (RoE)
8.4. Asia-Pacific
  8.4.1. India
  8.4.2. China
  8.4.3. Japan
  8.4.4. Australia
  8.4.5. Rest of Asia-Pacific (RoAPAC)
8.5. Latin America
8.6. Middle East & Africa

9. COMPETITIVE LANDSCAPE

9.1. Introduction
9.2. Competitive Benchmarking

10. COMPANY PROFILES (BUSINESS OVERVIEW, FINANCIAL OVERVIEW, PRODUCT PORTFOLIO, AND STRATEGIC DEVELOPMENTS)

10.1. Wacker Chemie AG
10.2. Ambe Phytoextracts Pvt., Ltd.
10.3. OmniActive Health Technologies
10.4. Natural Remedies
10.5. Herbochem
10.6. Inventia Healthcare Limited
10.7. Sabinsa Corporation
10.8. Star Hi Herbs Pvt., Ltd.
10.9. Arjuna Natural Pvt. Ltd.
10.10. Plant Lipids Private Limited
10.11. Pharmavit
10.12. Indena S.p.A.
10.13. Olive Lifesciences Pvt. Ltd.
10.14. Alchem International Pvt. Ltd.
10.15. Sanat Products Limited

11. APPENDIX

11.1. Questionnaire
11.2. Available Customization

LIST OF TABLES

Table 1 Global Coleus and Turmeric Market: Impact Analysis of Market Drivers
(2020–2027)
Table 2 Global Coleus and Turmeric Market: Impact Analysis of Market Restraints (2020–2027)
Table 3 Global Coleus and Turmeric Market Size, by Product, 2018–2027 (USD Million)
Table 4 Global Turmeric Powder Market Size, by Application, 2018–2027 (USD Million)
Table 5 Turmeric Powder Market Size, by Country/Region, 2018–2027 (USD Million)
Table 6 Global Turmeric Extract (Curcumin) Market Size, by Application, 2018–2027 (USD Million)
Table 7 Turmeric Extract (Curcumin) Market Size, by Country/Region, 2018–2027 (USD Million)
Table 8 List of Companies offering Branded Turmeric Products
Table 9 Global Branded Turmeric Market Size, by Application, 2018–2027 (USD Million)
Table 10 Branded Turmeric Market Size, by Country/Region, 2018–2027 (USD Million)
Table 11 Global Coleus Forskohlii Extract Market Size, by Application, 2018–2027 (USD Million)
Table 12 Coleus Forskohlii Extract Market Size, by Country/Region, 2018–2027 (USD Million)
Table 13 Coleus and Turmeric Market Size, by Region, 2018-2027 (USD Million)
Table 14 North America: Coleus and Turmeric Market Size, by Country, 2018–2027 (USD Million)
Table 15 North America: Coleus and Turmeric Market Size, by Product, 2018–2027 (USD Million)
Table 16 U.S.: Coleus and Turmeric Market Size, by Product, 2018–2027 (USD Million)
Table 17 Canada: Coleus and Turmeric Market Size, by Product, 2018–2027 (USD Million)
Table 18 Use and Classification of Curcuma Longa in Health Products
Table 19 Europe: Leading Countries Importing Turmeric, 2018
Table 20 Europe: Coleus and Turmeric Market Size, by Country, 2018–2027 (USD Million)
Table 21 Europe: Coleus and Turmeric Market Size, by Product, 2018–2027 (USD Million)
Table 22 U.K.: Coleus and Turmeric Market Size, by Product, 2018–2027 (USD Million)
Table 23 Germany: Coleus and Turmeric Market Size, by Product, 2018–2027 (USD Million)
Table 24 Netherlands: Coleus and Turmeric Market Size, by Product, 2018–2027 (USD Million)
Table 25 France: Coleus and Turmeric Market Size, by Product, 2018–2027 (USD Million)
Table 26 Spain: Coleus and Turmeric Market Size, by Product, 2018–2027 (USD Million)
Table 27 Rest of Europe: Coleus and Turmeric Market Size, by Product, 2018–2027 (USD Million)
Table 28 Asia-Pacific: Coleus and Turmeric Market Size, by Country, 2018–2027 (USD Million)
Table 29 Asia-Pacific: Coleus and Turmeric Market Size, by Product, 2018–2027 (USD Million)
Table 30 India: Coleus and Turmeric Market Size, by Product, 2018–2027 (USD Million)
Table 31 China: Coleus and Turmeric Market Size, by Product, 2018–2027 (USD Million)
Table 32 Japan: Coleus and Turmeric Market Size, by Product, 2018–2027 (USD Million)
Table 33 Australia: Coleus and Turmeric Market Size, by Product, 2018–2027 (USD Million)
Table 34 Rest of Asia-Pacific: Export of Turmeric, 2016-2019 (Tons)
Table 35 Rest of Asia-Pacific: Coleus and Turmeric Market Size, by Product, 2018–2027 (USD Million)
Table 36 Latin America: Coleus and Turmeric Market Size, by Product, 2018–2027 (USD Million)
Table 37 Middle East and Africa: Coleus and Turmeric Market Size, by Product, 2018–2027 (USD Million)
Table 38 Number of Developments by the Major Players During 2018-2021

LIST OF FIGURES

Figure 1 Research Process
Figure 2 Key Secondary Sources
Figure 3 Primary Research Techniques
Figure 4 Key Executives Interviewed
Figure 5 Breakdown of Primary Interviews (Supply-Side & Demand-Side)
Figure 6 Market Size Estimation
Figure 7 Turmeric Powder to Dominate the Coleus and Turmeric Market Through 2027
Figure 8 North America to Grow at the Highest CAGR During the Forecast Period
Figure 9 Market Dynamics
Figure 10 Global Coleus and Turmeric Market Size, by Product, 2020–2027 (USD Million)
Figure 11 Global Turmeric Powder Market Size, by Application, 2020–2027 (USD Million)
Figure 12 Global Turmeric Extract (Curcumin) Market Size, by Application, 2020–2027(USD Million)
Figure 13 Global Branded Turmeric Market Size, by Application, 2020–2027 (USD Million)
Figure 14 Global Coleus Forskohlii Extract Market Size, by Application, 2020–2027 (USD Million)
Figure 15 Coleus and Turmeric Market Size, by Region, 2018-2027 (USD Million)
Figure 16 Percentage of the U.S. Adults Take Dietary Supplements, 2019
Figure 17 U.S.: Turmeric (Curcuma) Import, 2016-2020 (In Tons)
Figure 18 Number of Adults in Canada With Class II or III Obesity
Figure 19 Canada: Turmeric (Curcuma) Import, 2016-2020 (In Tons)
Figure 20 European Vitamin and Supplements Market in Europe, 2010-2020 (Eur Billion)
Figure 21 U.K.: Turmeric (Curcuma) Import, 2016-2020 (In Tons)
Figure 22 Germany: Turmeric (Curcuma) Import, 2016–2020 (In Tons)
Figure 23 France: Turmeric (Curcuma) Import, 2016-2020 (In Tons)
Figure 24 Spain: Turmeric (Curcuma) Import, 2016–2020 (In Tons)
Figure 25 Italy: Turmeric (Curcuma) Import, 2016–2019 (In Tons)
Figure 26 India: Turmeric Production, 2017–2020 (Thousand Tons)
Figure 27 India: Turmeric Export, 2015–2019 (Thousand Tons)
Figure 28 China: Export of Turmeric (Curcuma), 2015-2019 (Tons)
Figure 29 China: Retail Sale of Cosmetic Products, 2014–2019 (USD Billion)
Figure 30 Japan: Import of Turmeric (Curcuma), 2016-2020 (Tons)
Figure 31 Australia: Import of Turmeric (Curcuma), 2016–2020 (Tons)
Figure 32 Latin America: Leading Turmeric (Curcuma) Importing Countries, 2019–2020 (In Tons)
Figure 33 Key Growth Strategies Adopted by Leading Players, 2018-2021
Figure 34 Global Coleus and Turmeric Market: Competitive Benchmarking
Figure 35 Wacker Chemie AG: Financial Overview (2019)


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