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Thanks to the widespread use of curcumin, a bioactive ingredient in turmeric, the market for natural goods and dietary supplements is growing and becoming more significant. Market dynamics are significantly influenced by growing consumer knowledge of the health advantages of curcumin use.
Curcumin, known for its antioxidant and anti-inflammatory qualities, has attracted a lot of interest due to its possible contribution to general health and well-being. This has caused a spike in the demand for functional foods and supplements based on curcumin, especially in areas where health-conscious consumer trends are growing.
The dynamics of the curcumin market are mostly influenced by the pharmaceutical sector. Curcumin may be used to treat a number of illnesses, such as cancer, neurological disorders, and arthritis, according to ongoing research on its medicinal qualities. Consequently, pharmaceutical firms are investigating the potential of incorporating curcumin into medicine formulations and nutraceuticals, which is propelling the growth of this market. Curcumin is a desirable substance in the pharmaceutical industry because of its versatility and claimed natural and holistic advantages.
Curcumin's market dynamics are significantly shaped by the functional food and beverage sector. More and more consumers are looking for food and drink items that meet both their taste preferences and added health advantages. As a result, curcumin is now included in many different items, such as nutritional supplements, teas, juices, and snacks. Curcumin is positioned as a major component in the development of goods that promote health as the industry reacts to the need for natural and functional components.
Curcumin's market dynamics are influenced by the growing global knowledge of traditional medical practices, especially those originating from traditional Chinese and Ayurvedic medicine. Because of its supposed health advantages, curcumin, or turmeric, has been a mainstay in these traditional systems. As consumers seek natural alternatives and traditional remedies, the demand for curcumin continues to grow, creating opportunities for market players to cater to a diverse range of consumers.
Curcumin Market Highlights:
Global Curcumin Market Scenario
Curcumin Market size is expected to reach USD 199.89 million by 2032, growing at a 16.67% CAGR during the forecast period. Curcumin is an ingredient used in the food & beverage and pharmaceuticals and nutraceuticals industries, among others. It helps in enhancing the existing flavor and color of products. The global curcumin market is expected to register an impressive CAGR during the forecast period owing to the rising health awareness among consumers. The increasing number of health-conscious people across the globe is boosting the demand for healthy and natural food ingredients, which, in turn, is driving the consumption of curcumin as a food additive. Additionally, increasing awareness of the ill-effects of excess consumption of artificial additives is a crucial determinant catalyzing market growth. Moreover, curcumin offers various medicinal benefits due to the presence of anti-cancer, antioxidant, and anti-inflammatory properties.
Stringent government regulations prohibiting the use of certain chemicals in food & beverage, medicine, and personal care products are expected to drive the adoption of curcumin in several industries
Segmentation
The global curcumin market has been segmented based on form, category, application, and region.
Based on form, the global curcumin market has been divided into liquid and powder.
On the basis of category, the global curcumin market has been classified as organic and conventional.
The global curcumin market has also been categorized, on the basis of application, as food & beverage, pharmaceuticals and nutraceuticals, and others.
The global curcumin market has been studied with regard to four key regions—North America, Europe, Asia-Pacific, and the rest of the world.
The North American curcumin market has further been segmented into the US, Canada, and Mexico. The European curcumin market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe. The curcumin market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The curcumin market in the rest of the world has been segmented into South America, the Middle East, and Africa.
Regional Market Summary
Asia-Pacific is expected to dominate the global curcumin market during the forecast period due to the increasing demand for healthy food ingredients in the region. The presence of prominent market players in Asia-Pacific is also expected to catalyze regional market growth. North America is expected to register the highest CAGR during the forecast period of 2019 to 2024 owing to the rising health awareness and growing presence of market players in the region.
Global Curcumin Market, by Form
- Liquid
- Powder
Global Curcumin Market, by Category
- Organic
- Conventional
Global Curcumin Market, by Application
- Food & Beverage
- Pharmaceuticals and Nutraceuticals
- Others
Global Curcumin Market, by Region
-
North America
- US
- Canada
- Mexico
-
Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
-
Asia-Pacific
- Japan
- China
- India
- Australia and New Zealand
- Rest of Asia-Pacific
-
Rest of the World (RoW)
- South America
- Middle East
- Africa
Key Players in the Global Curcumin Market
- Sabinsa Corporation (Germany)
- Rosun Natural Products Pvt. Ltd (India)
- Konark Herbals & Health Care (India)
- PT. Helmigs Prima Sejahtera (Indonesia)
- Star Hi Herbs Pvt. Ltd. (India)
- SV Agrofood (India)
- Arjuna Natural Extracts Ltd. (India)
- Hindustan Mint & Agro Products Pvt. Ltd. (India)
- Synthite Industries Pvt. Ltd. (India)
- Herboveda India Pvt. Ltd. (India)
Intended Audience
-
Curcumin producers/suppliers
-
Food manufacturers/processors
-
Pharmaceuticals and nutraceuticals manufacturers/processors
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Food ingredient manufacturers
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Raw material suppliers and distributors
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Traders, exporters, and importers
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