Coleus And Turmeric Market Size, Share, Growth Analysis, By Form (Powder, Liquid Extract), By Source (Organic, Conventional), By Application, By End-Use, By Region - Industry Forecast 2025-2032
Global Coleus And Turmeric Market size was valued at USD 5.65 billion in 2023 and is poised to grow from USD 6.11 billion in 2024 to USD 11.39 billion by 2032, growing at a CAGR of 8.1% during the forecast period (2025-2032).
Coleus forskohlii and turmeric, both significant in traditional medicine, are trending in the global market due to their diverse health benefits. Forskolin extracted from Coleus forskohlii is sought after for treating obesity, respiratory issues, insomnia, and digestive disorders. Meanwhile, turmeric, rich in curcumin and known for its anti-inflammatory and antioxidant properties, is gaining traction as a physical immunity booster. The COVID-19 pandemic has accelerated this trend, leading to a 35% surge in dietary supplement sales in the U.S. in March 2020. Additionally, Indian spices, especially turmeric, experienced a 19% rise in exports during early 2020, with India dominating global production and export. The increasing focus on hygiene and nutrition is shaping a favorable market for these herbal products, despite challenges from health risks and climate change.
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 Segmental 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 experiencing significant growth, primarily fueled by the increasing demand for coleus forskolin within the sports nutrition sector. This surge is complemented by a rise in the consumption of weight-loss supplements, heightened consumer preference for natural products, and the growing prominence of Ayurveda. Additionally, supportive government initiatives and a stronger focus on research and development related to curcumin are expected to present attractive opportunities for market players. Collectively, these factors are creating a vibrant landscape for the coleus and turmeric market, driving innovation and expansion in this lucrative industry.
Restraints in the Global Coleus And Turmeric Market
The global Coleus and Turmeric market is anticipated to face certain restraints that could hinder its growth. Significant climatic changes pose a threat to the cultivation and supply of these plants, potentially disrupting production levels. Additionally, health concerns related to the overconsumption of these herbal products may deter consumers, further impacting demand. As such, the combination of environmental factors and health complications is likely to create challenges for the market, ultimately affecting its expansion and sustainability in the coming years. Addressing these issues will be crucial for maintaining steady growth and ensuring the viability of the Coleus and Turmeric market.
Market Trends of the Global Coleus And Turmeric Market
The Global Coleus and Turmeric market is witnessing a robust trend driven by heightened environmental consciousness and a societal shift towards health and wellness. As consumers increasingly prioritize natural ingredients, the demand for natural supplements, particularly forskolin and turmeric, has surged. Forskolin's therapeutic applications, such as alleviating glaucoma symptoms, further enhance its appeal among health-conscious buyers. This growing preference is prompting companies to innovate and expand their product offerings, catering to consumers' queries about sourcing and ingredient transparency. Consequently, customers are inclined to invest in premium natural products, significantly boosting the demand for naturally sourced turmeric and coleus supplements on a global scale.
Table of Contents
Introduction
Objectives of the Study
Scope of the Report
Definitions
Research Methodology
Information Procurement
Secondary & Primary Data Methods
Market Size Estimation
Market Assumptions & Limitations
Executive Summary
Global Market Outlook
Supply & Demand Trend Analysis
Segmental Opportunity Analysis
Market Dynamics & Outlook
Market Overview
Market Size
Market Dynamics
Drivers & Opportunities
Restraints & Challenges
Porters Analysis
Competitive rivalry
Threat of substitute
Bargaining power of buyers
Threat of new entrants
Bargaining power of suppliers
Key Market Insights
Key Success Factors
Degree of Competition
Top Investment Pockets
Market Ecosystem
Market Attractiveness Index, 2024
PESTEL Analysis
Macro-Economic Indicators
Value Chain Analysis
Pricing Analysis
Customer & Buying Criteria Analysis
Global Coleus And Turmeric Market Size by Form & CAGR (2025-2032)
Market Overview
Powder
Liquid Extract
Dried
Capsules
Tablets
Global Coleus And Turmeric Market Size by Source & CAGR (2025-2032)
Market Overview
Organic
Conventional
Wild Harvested
Cultivated
Global Coleus And Turmeric Market Size by Application & CAGR (2025-2032)
Market Overview
Food Industry
Pharmaceuticals
Cosmetics
Nutraceuticals
Agriculture
Others
Global Coleus And Turmeric Market Size by End-Use & CAGR (2025-2032)
Market Overview
Retail
Wholesale
Online Sales
Global Coleus And Turmeric Market Size & CAGR (2025-2032)
North America (Form, Source, Application, End-Use)
US
Canada
Europe (Form, Source, Application, End-Use)
Germany
Spain
France
UK
Italy
Rest of Europe
Asia Pacific (Form, Source, Application, End-Use)
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America (Form, Source, Application, End-Use)
Brazil
Rest of Latin America
Middle East & Africa (Form, Source, Application, End-Use)
GCC Countries
South Africa
Rest of Middle East & Africa
Competitive Intelligence
Top 5 Player Comparison
Market Positioning of Key Players, 2024
Strategies Adopted by Key Market Players
Recent Developments in the Market
Company Market Share Analysis, 2024
Company Profiles of All Key Players
Company Details
Product Portfolio Analysis
Company's Segmental Share Analysis
Revenue Y-O-Y Comparison (2022-2024)
Key Company Profiles
Wacker Chemie AG (Germany)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Sabinsa Corporation (United States)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Synthite Industries Ltd. (India)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Arjuna Natural Pvt Ltd. (India)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Biomax Life Sciences Ltd. (India)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Herbochem (India)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Natural Remedies (India)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
OmniActive Health Technologies Limited (India)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Ambe Phytoextracts Pvt Ltd. (India)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Indena S.p.A. (Italy)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Plant Lipids Private Limited (India)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Olive Lifesciences Pvt Ltd. (India)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Alchem International Pvt. Ltd. (India)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Sanat Products Ltd. (India)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Pharmavit (Netherlands)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Star Hi Herbs Pvt Ltd. (India)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Mountain Rose Herbs (United States)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Banyan Botanicals (United States)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
ArtNaturals (United States)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Wacker Chemie AG (Germany)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Conclusion & Recommendations
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