The rhizome of turmeric (Curcuma longa) is an important spice crop extensively cultivated and consumed in tropical countries such as India. This spice is understood to exert multiple beneficial effects on health. Turmeric imparts characteristic flavour, aroma and yellow colour to foods. The chemical constituent curcumin from the rhizome of turmeric is responsible for the yellow colour and is also considered to be the bioactive component of this spice. Turmeric is endowed with many curative virtues according to the indigenous Ayurvedic system of medicine of India. It is considered as an analgesic, antibacterial, antiseptic, antispasmodic, appetizer, carminative, diuretic, cardiovascular protectant and antitumour. The medicinal properties of turmeric known for centuries include: wound healing, anti-inflammatory, and usefulness in liver diseases such as jaundice. In the past couple of decades, many health beneficial physiological effects of turmeric or its constituent. There are many values added products that can be made using turmeric that have huge commercial acceptability in the market as well as health benefits. Some of the examples are Turmeric Oleoresin/Extract, Haldi Drops, Curcumin Powder, Turmeric Milk etc.