Project Report For Turmeric Powder
Project report for Turmeric Powder is as follows.
Turmeric includes a substance known as curcumin, which may help to decrease swelling. Because curcumin and other compounds in turmeric may reduce swelling, it is frequently used to treat pain and inflammation-related illnesses.
Turmeric is widely used to treat osteoarthritis. It is also used to treat hay fever, melancholy, and anxiety. There is no solid scientific evidence to support the majority of these applications, which include excessive cholesterol, a form of liver illness, and itching. There is also no strong evidence to support the use of turmeric to treat COVID-19. Turmeric should not be confused with Javanese turmeric root or tree turmeric.
The worldwide turmeric market is divided into four categories: type, end-user, distribution channel, and geography. The market is divided into two types: raw and dry. It is classified into homes, the food and beverage business, the foodservice sector, the cosmetics industry, and others based on the end-user. It is divided into two types of distribution channels: direct/B2B and indirect/B2C.
Market potential & Strategy
Turmeric, commonly known as Curcuma longa, is a spice grown extensively throughout southern Asia. Turmeric powder is a key component of curry powders and paste. Turmeric is commonly used in the kitchen to give colour and taste to seafood, pickles, rice dishes, and other meals. Furthermore, it is frequently utilised in the production of pharmaceuticals, cosmetics, and colourants for food and textiles. Turmeric is frequently used as a replacement for saffron since it is less costly and offers a comparable yellow hue. Turmeric is often used in home treatments to treat coughs, colds, and stomach upset. problems. Also, it assists in the prevention of heart illnesses, the slowing of ageing, the improvement of brain functioning, the battle against inflammation, and the enhancement of the body’s antioxidant capacity. India is now the leading producer, consumer, and exporter of turmeric.
Turmeric’s numerous uses, including home remedies, cosmetics, and culinary items, have propelled the worldwide turmeric industry. Furthermore, the growth in popularity of ethnic foods supports industry development. However, curcumin, the yellow pigment found naturally in turmeric, is fragile and dissolves when exposed to light. As a result, synthetic dyes such as mental yellow and sunset yellow are used to retain the colour of turmeric. Sudan dyes, which are long-lasting. However, according to the European Food Standards Agency, these synthetic colours are deemed hazardous food additives and are thus prohibited from usage, which is expected to limit the turmeric industry in the near future. In contrast, a movement in consumer preference for cosmetic products incorporating natural components such as turmeric is likely to drive market development. Furthermore, the UV-protected packaging of turmeric, which prevents the loss of its colour, supports market development. Furthermore, the growing trend of healthy living and the usage of turmeric in herbal food supplements are expected to provide attractive market possibilities. During the forecast period, the market will expand.
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