Curcuma Oleoresin Price Insights: Trends, Forecasts, and Industrial Drivers


Curcuma Oleoresin, commonly known as turmeric oleoresin, is an extract made from the roots of the turmeric plant. It contains the key active compounds – curcumin, demethoxycurcumin and bisdemethoxycurcumin – that give turmeric its characteristic yellow color and therapeutic properties. Demand for curcuma oleoresin has been rising steadily in recent years, driven by its widespread use as a coloring and flavoring agent in foods, beverages, pharmaceuticals and cosmetics. However, prices and supply have been subject to volatility due to various factors. This blog provides key insights into curcuma oleoresin price trends, demand-supply dynamics and price forecast across major world regions.

What is Curcuma Oleoresin?

Curcuma oleoresin is a natural extract composed of essential oils and resins derived from the rhizomes or underground stems of the turmeric plant. It contains curcumin, demethoxycurcumin and bisdemethoxycurcumin which are collectively known as curcuminoids and impart the yellow-orange color to turmeric. The oleoresin is obtained through solvent extraction using ethyl acetate, acetone or ethanol.

The curcumin content of the oleoresin is usually between 10-15%. In addition to curcuminoids, the oleoresin also contains oils and resins which enhance its solubility and color intensity. This makes curcuma oleoresin more effective for commercial applications compared to plain curcumin powder. The oleoresin imparts vibrant yellow-orange shades and is used for coloring foods, pharmaceuticals, textiles, cosmetics and other products.

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Key Details About Curcuma Oleoresin Price Trends

The global Curcuma Oleoresin market size was valued at USD 128.2 million in 2021 and is projected to reach USD 243.1 million by 2030, growing at a CAGR of 7.2% from 2022 to 2030.

Asia Pacific accounted for the largest revenue share of over 35% in 2021 due to high production and demand in the region. India and China are the leading producers and exporters of Curcuma Oleoresin worldwide.

Prices of Curcuma Oleoresin have shown an overall increasing trend in the past few years. From 2016 to 2021, prices rose from around US$ 9 – 11/kg to US$ 15 – 19/kg.

Several factors contribute to the rising prices:

  • Increased demand from food & beverage and pharma sectors
  • Supply-demand imbalances
  • High production costs due to crop diseases, climate factors, and labor shortages
  • Fluctuating turmeric root prices
  • Export duties and trade restrictions by producing countries

Going forward, Curcuma Oleoresin prices are expected to continue rising driven by:

  • Surging demand in processed foods, medicinal formulations, cosmetics, and feed industry
  • Limited crop area expansion and low farm productivity
  • Weather risks affecting turmeric crop yields
  • Rising labor, transportation and extraction costs
  • Export incentives and trade policies of major producers like India, China, and Peru

However, factors like adoption of new extraction technologies, increased farm yields, and domestic policy changes could help ease price pressures in the long run.

Key Industrial Applications Driving Curcuma Oleoresin Demand

Curcuma oleoresin finds use in various industries which influences the pricing and demand dynamics:

  • Food & Beverages: Used for coloring bakery items, soups, sauces, beverages and other foods. Accounts for over 70% of oleoresin demand.
  • Pharmaceuticals: Used as a coloring agent and also for its therapeutic benefits in anti-inflammatory drugs, digestive aids etc.
  • Personal Care & Cosmetics: Used in creams, lotions, soaps and other cosmetics. Provides natural yellow hue.
  • Textiles: Used as a dye for silk, wool, nylon and polyester. Provides bright yellow shades.
  • Paints & Coatings: Used to provide yellow, orange and green shades in paints and oil-based coatings.

Rising demand from all these industries has led to high curcuma oleoresin consumption and steady price increases in recent years. However, cost pressures on end-use manufacturers is likely to limit demand growth going forward.

Key Players in the Curcuma Oleoresin Market

Some of the major manufacturers and suppliers of curcuma oleoresin include:

  • Synthite Industries: A major Indian producer of oleoresins and spice extracts. It has specialization in curcuma oleoresins and offers different curcuminoid concentrations.
  • AVT Natural Products: A leading Indian company offering turmeric and curcuma oleoresins. Known for its quality andy ecologically sustainable extraction processes.
  • Plant Lipids: A US-based manufacturer providing curcuma and paprika oleoresins to the food, nutraceutical and cosmetic sectors.
  • Akay Group: A major Turkish producer of natural plant extracts and oleoresins for global markets.
  • Ambe Phytoextracts: Leading manufacturer of herbal extracts in India. Offers curcuma oleoresins with high curcumin content.
  • Universal Oleoresins: Indian manufacturer of spice oleoresins. Major exporter of turmeric and curcuma oleoresins to the Middle East and Africa.

The market is quite fragmented with many small to medium players based in India, China, Peru and other Asian and Latin American countries. Cost competitiveness, curcumin content, production sustainability and quality consistency are key differentiators among suppliers.

Curcuma Oleoresin Price Forecast for 2023 and Beyond

Curcuma oleoresin prices are expected to remain on an elevated level in 2023 and the next few years. Prices will be influenced by:

  • Turmeric crop output and availability of raw material
  • Costs of extraction, energy, logistics and other overheads
  • Demand growth from end-use food and pharma sectors
  • New competitors, technology advancements in extraction processes
  • Environmental and sustainability considerations

Asia will continue to be the price setter, with Indian prices forming global benchmarks. China will remain a competitive exporter keeping prices in check. North America and Europe will see sustained demand supporting higher prices for quality oleoresins.

Overall, analysts forecast curcuma oleoresin prices to remain above USD 15,000 per MT levels in the short-term. In the long run, prices are expected to stabilize around USD 12,000-14,000 per MT barring any extreme supply side disruptions or demand variations.


In summary, curcuma oleoresin prices have shown an upward trend over the past 2-3 years across regions, driven by strong demand growth and supply volatility. Asia continues to dominate production and pricing. While prices are expected to remain elevated in the short term, the long term forecast is for stabilization at lower levels as new capacities come online. Companies offering quality, sustainability and innovations will be better positioned to tap growth opportunities in this market.

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