PUBLISHER: SkyQuest | PRODUCT CODE: 1904178
PUBLISHER: SkyQuest | PRODUCT CODE: 1904178
Global Coleus And Turmeric Market size was valued at USD 6.11 Billion in 2024 and is poised to grow from USD 6.6 Billion in 2025 to USD 12.31 Billion by 2033, growing at a CAGR of 8.1% during the forecast period (2026-2033).
The global market for Coleus forskohlii and Turmeric is driven by their recognized health benefits and growing consumer demand for natural remedies. Coleus forskohlii, known for its active compound forskolin, addresses various health issues such as obesity and respiratory disorders. Turmeric, rich in curcumin and other beneficial compounds, offers anti-inflammatory and antioxidant properties. The pandemic has highlighted the importance of nutritious foods, leading to a rise in dietary supplement sales as consumers seek to boost their immunity. Despite potential setbacks from health concerns over excessive consumption and climate change impacts, the demand for immunity-enhancing products, particularly Indian spices like turmeric, remains strong, especially in key markets like the United States and Europe, where India dominates production and export.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Coleus And Turmeric market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Coleus And Turmeric Market Segments Analysis
Global Coleus And Turmeric Market is segmented by Form, Source, Application, End-Use and region. Based on Form, the market is segmented into Powder, Liquid Extract, Dried, Capsules and Tablets. Based on Source, the market is segmented into Organic, Conventional, Wild Harvested and Cultivated. Based on Application, the market is segmented into Food Industry, Pharmaceuticals, Cosmetics, Nutraceuticals, Agriculture, and Others. Based on End-Use, the market is segmented into Retail, Wholesale and Online Sales. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Global Coleus And Turmeric Market
The Global Coleus and Turmeric market is witnessing significant growth fueled by an increasing demand for coleus forskolin within the sports nutrition sector, along with a heightened consumption of weight loss supplements. Consumers are increasingly drawn to natural products, and this trend is further supported by the expanding Ayurveda industry. Additionally, government initiatives and a growing focus on the research and development of curcumin are expected to present numerous lucrative opportunities for market players. As a result, the combination of these factors is propelling the market forward and creating a favorable environment for innovation and expansion.
Restraints in the Global Coleus And Turmeric Market
The expansion of the global coleus and turmeric market faces certain challenges, primarily due to health risks linked to the overconsumption of these products. Additionally, the adverse effects stemming from climate change could hinder the cultivation and availability of these plants, which may further restrict market growth. As consumers become more health-conscious and the impact of environmental changes intensifies, the market may experience a slowdown in demand, as well as potential disruptions in supply chains. These factors collectively contribute to the obstacles that the market must navigate in order to thrive.
Market Trends of the Global Coleus And Turmeric Market
The global market for coleus and turmeric is experiencing an upward trend driven by heightened environmental consciousness and a growing focus on health and wellness. As consumers become increasingly discerning about their food sources and ingredient transparency, the demand for natural products, particularly forskolin and turmeric, is surging. These natural supplements are recognized for their multifaceted health benefits, such as forskolin's potential in managing glaucoma safely. Consumers' willingness to invest in natural solutions has prompted companies to innovate and diversify their offerings, leading to a notable increase in the availability of advanced forskolin and turmeric supplements. Consequently, this shift reflects a robust and expanding global appetite for naturally sourced health products.