August 21, 2025Plant Science TodayOpen Access

Export performance and market retention of turmeric oleoresin from India: A Markov chain approach

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India's export performance for turmeric oleoresin shows significant growth, with a CAGR of 16.06% after 2014.
The Markov Chain model reveals high market retention in countries like the USA, Germany, France, and the UK, with rates over 80%.
Incorporating trade rejection data from the EU's RASFF highlights issues affecting export volatility in emerging markets like China and the UAE.
Improving regulatory compliance and traceability may enhance India's competitiveness in the global turmeric oleoresin market.

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Markov chain analysis suggests high export retention in key markets for turmeric oleoresin, indicating future growth potential.

Mugilan et al. (2025) studied this question.

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