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 coleus & turmeric 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 create 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.
Here are the top 10 companies operating in Coleus and Turmeric Market
Wacker Chemie AG
Wacker is a chemical company that manufactures a wide range of specialty chemical products such as adhesives, antifoams, agrochemical solutions, architectural coatings, and personal care products, among others. The company manufactures products for all key global industries. It is active in the silicone, polymer, life sciences, and polysilicon markets.
The company operates through five business divisions: Silicones, Polymers, Biosolutions, Polysilicon, and Others. The company provides a highly bioavailable curcumin powder through its Biosolutions segment. Wacker offers a solution for increasing the bioavailability of hydrophobic health-promoting ingredients like curcumin for various functional food and dietary supplement applications.
With its 24 production sites, 32 subsidiaries, and sales offices, the company has its geographic presence across Europe, North America, Asia-Pacific, Latin America, and the Middle East and Africa. The company includes over 3,200 products supplied in over 100 countries.
Ambe Phytoextracts Pvt. Ltd.
Founded in 2007 and headquartered in Uttar Pradesh, India, Ambe Phytoextracts is engaged in manufacturing herbal extracts, nutraceuticals, oleoresins, fruit & veg powders & healthcare products for herbal, healthcare, nutraceuticals, and food supplements & cosmeceutical industries. The company’s manufacturing facility is based in the Himalayas, spread over 100,000 sq. ft., with a processing capacity of 1,000 MT raw material per annum. The company also has a certification of FSSC 22000, HACCP, GMP, KOSHER, HALAL & ISO 9001:2015.
The company has its geographic presence across Europe, North America, Asia-Pacific, Latin America, and the Middle East and Africa. The company had a headcount of more than 150 employees.
OmniActive Health Technologies
Founded in 2004 and headquartered in Mumbai, India, OmniActive Health Technologies is a pharmaceutical company offering a range of premium natural ingredients for dietary supplementation and nutritional fortification. The company’s leading brands include Lutemax, Capsimax, CurcuWIN, Gingever, Xtenergy, and OmniXan. In 2017, OmniActive acquired Indfrag, Ltd., a leading manufacturer of botanical extracts. The company offers turmeric and coleus products through the SBE business unit. The company develops IP-protected, science-backed branded ingredients from natural sources using cutting-edge technologies. OmniActive leverages international R&D strengths to deploy an array of state-of-the-art manufacturing technologies in extraction, purification, isolation, and delivery of nutritional actives.
OmniActive serves more than 160 customers in 30 countries. The company also has R&D and manufacturing operations in Pune, Hosur, and Thane in India; and sales and distribution operations in the U.S., Europe, India, Asia, Australia, and Latin America. The company’s excellence centers are located in North America and India, whereas its company’s cGMP and HACCP system-compliant manufacturing operations are located at multiple sites in India.
Founded in 1950 and headquartered in Karnataka, India, Natural Remedies is a botanical healthcare company engaged in manufacturing standardized herbal extracts for the animal and human healthcare industry. The company offers various branded ingredients, such as AP-Bio, BacoMind, GutGard, KalmCold, OciBest, and Turmacin. The company is also associated with the American Herbal Products Association and American Botanical Council. Natural Remedies offers its turmeric extract through its Turmacin branded ingredients.
The company has its presence across the U.S., Europe, Australia, Canada, South Korea, Southeast Asia, and Latin America.
Founded in 1973 and headquartered in Telangana, India, Herbochem is an herbal extracts company engaged in the manufacturing, exporting, and supply of plant extracts, phytochemicals, protein hydrolysate, and herb powders to nutraceuticals, pharmaceuticals, health, and cosmetics industries. The company’s herbal powders are beneficial for different health issues, such as blood pressure regularization, healthy immune system support, energy level balance, and anti-inflammatory properties to provide remedies for osteoarthritis and ulcerative colitis. Herbochem’s herbal powders are Halal, USDA Organic, and FSSAI certified.
With over 300 products and export of products to more than 20 countries, the company has its presence across Asia-Pacific, North America, Europe, and the Middle East and Africa.
Meticulous Research in its latest publication on Coleus and Turmeric Market has predicted the growth of 14.2% during the forecast year 2020-2027
Inventia Healthcare Ltd.
Founded in 1985 and headquartered in Mumbai, India, Inventia Healthcare develops and manufactures solid oral drug delivery systems. The company offers oral solid dosage solutions in the form of tablets, capsules, DC granules, and pellets. Inventia operates through three business verticals: Oral Solid Dosage, Nutraceuticals, and Injectables. The company offers turmeric products through its nutraceuticals segment.
With ten facility approvals across the U.S., Europe, South East Asia, Commonwealth of Independent States, Africa, Gulf Cooperation Council, and India and more than 100 partners across 28 countries, Inventia has its presence across Asia-Pacific, North America, Europe, and the Middle East and Africa.
Founded in 1988 and headquartered in New Jersey, U.S., Sabinsa is a manufacturer and supplier of herbal extracts, cosmeceuticals, minerals, and fine specialty chemicals. The company supplies high-quality, innovative standardized herbal extracts, phytonutrients, probiotics, enzymes, spice extracts, minerals, specialty chemicals, and fine chemicals for applications in dietary supplements, functional foods, pharmaceuticals, and cosmetics. The company possesses over 292 U.S. & International patents and has 290 plus pending patent applications worldwide. Sabinsa also has many recognized trademarked ingredients, such as BioPerinesup, Boswellin, Citrin, Curcumin C3 Complex, DigeZyme, ForsLean, LactoSpore, SelenoForce, and Selenium SeLECT. The company has launched more than 100 standardized botanical extracts.
With the manufacturing facility across Bengaluru (Kunigal, Nelamangala, and Dobaspet), Hyderabad, and the U.S., Sabinsa has established marketing offices in the U.S., Australia, China, Europe, Poland, Japan, South Korea, and South Africa. Sabinsa also has agents that represent its product line throughout Latin America and Far East Asia.
Star Hi Herbs Pvt. Ltd.
Founded in 2004 and headquartered in Bengaluru, India, Star Hi Herbs is engaged in manufacturing and exporting standardized herbal extracts to phytochemicals, cosmeceuticals, nutraceuticals & herbal health supplement companies. The company is also certified by ISO, Halal, Kosher, and Ayush GMP. Star Hi Herbs offers standardized herbal extracts, organic vitamins & minerals, formulation for private labeling, probiotics, branded products, and organic herbal extracts. Besides, the company has an extraction capacity of over 6,000 tons per year.
The company has its presence across Asia-Pacific, Europe, and North America.
Arjuna Natural Pvt. Ltd.
Founded in 1989 and headquartered in Kerala, India, Arjuna Natural is engaged in manufacturing and exporting standardized botanical extracts for pharmaceutical and nutraceutical industries. The company has an R&D tie-up with international universities from Australia, the U.S., and Japan. The R&D unit at Arjuna is a research facility for phytochemistry, pharmacokinetics, formulation, development, and pre-clinical studies. With four manufacturing facilities, the company has a total manufacturing area of 400,000 sq. ft. Arjuna Natural offers its products through four divisions—Health & Nutrition, Food Ingredients, Flavour & Fragrances, and Technologies. It offers turmeric products through its Health & Nutrition division. Besides, the company has more than 80 products and 106 patents with 6,000 tons of production capacity.
With six offices and customers in around 50 countries, the company has its presence across Asia-Pacific, North America, Europe, and the Middle East and Africa.
Plant Lipids Pvt. Ltd.
Founded in 1979 and headquartered in Kerala, India, Plant Lipids is engaged in producing natural essential oils, oleoresins, and spices for flavoring, seasonings, preservation, and therapeutic uses. The company offers its products through five segments: Flavor Ingredients, Spices & Seasonings, Fragrance Ingredients, Natural Food Colors, and Nutraceutical Ingredients. It offers turmeric products through its Natural Food Colors and Nutraceutical Ingredients segments. The company has more than 500 specific products. The company’s manufacturing facilities comply with ISO 9001:2008, ISO 22000:2005, Spice House certification, Kosher, Halal, etc.
With plants in Cochin, Bangalore, Hyderabad, and Sri Lanka and the export of products to more than 80 countries, the company has its presence across Asia-Pacific, Europe, North America, and the Middle East and Africa.
Popular Mention: Pharmavit, Indena S.p.A., Olive Lifesciences Pvt. Ltd., Alchem International Pvt. Ltd., Sanat Products Limited
Authoritative Research on the Coleus and Turmeric Market – Global Opportunity Analysis and Industry Forecast (2020-2027)
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