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Many variables affect the dynamics and growth of the curcumin market, but the need for natural and functional ingredients in the food, pharmaceutical, and cosmetic sectors is the main driver of this market. Growing knowledge of curcumin's health advantages, especially its anti-inflammatory and antioxidant qualities, is one important cause. The market for goods containing curcumin, which is extracted from the turmeric plant, has expanded due to consumer demand for healthier lifestyles.
The curcumin market is significantly shaped by the pharmaceutical and nutraceutical sectors. Researchers and medical experts have focused a lot of attention on curcumin's potential therapeutic benefits, particularly its anti-inflammatory and anti-cancer actions. Consequently, pharmaceutical firms are adding curcumin to a range of formulations, which helps it become more widely available. Curcumin's health advantages are also leveraged by nutraceutical goods, which include functional meals and dietary supplements. This leads to curcumin's inclusion in a wide range of products.
Trade regulations and general economic situations have a big influence on the curcumin market. Curcumin is susceptible to worldwide market dynamics, such as currency changes, trade tariffs, and geopolitical events, given its widespread use as a spice and component in global trade. Modifications to trade agreements or disturbances in the worldwide supply chain may impact curcumin's availability and cost globally, impacting both manufacturers and buyers.
The expansion and competitiveness of the market are facilitated by technological improvements in the extraction and formulation processes. Scholars persistently investigate novel approaches to augment curcumin's bioavailability, tackling obstacles associated with its inadequate solubility and absorption. Optimizing the manufacture of curcumin also involves using advanced extraction procedures, which guarantee a greater level of purity and quality in the finished product.
The Curcumin Market is heavily influenced by regulatory considerations, which arise from government rules and standards that affect many areas of production, quality control, and labeling. For market access and customer trust, compliance with laws pertaining to food safety, quality control, and health claims is crucial. Furthermore, marketing and positioning strategies for curcumin-based products vary depending on the legal environment in a given area.
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
-
Food ingredient manufacturers
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Raw material suppliers and distributors
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Traders, exporters, and importers
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