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The growing knowledge of the health and wellness advantages linked to this organic substance is driving significant changes in the curcumin industry. Turmeric's curcumin, which is extracted from it, is widely used in functional foods and dietary supplements due to its anti-inflammatory and antioxidant qualities. An important factor influencing the curcumin industry is consumers' growing preference for natural and plant-based chemicals. Curcumin's reputation as a natural chemical that promotes health has led to its inclusion into a range of items, including drinks, snacks, and health supplements, as consumers look for alternatives to synthetic substances.
The usage of curcumin as a functional component in food and beverage products is increasing. Due to its anti-inflammatory qualities and possible health advantages, it is a highly sought-after supplement. The market is seeing a diversification of product options that appeal to customers searching for easy and pleasurable methods to integrate curcumin into their diets. Examples of these products include drinks infused with turmeric and snacks fortified with curcumin.
Another noteworthy trend in the curcumin market is the ingredient's expanding application in the pharmaceutical and nutraceutical sectors. Due to research on curcumin's possible medicinal benefits, supplements designed to treat a variety of ailments now contain this ingredient. The market development in these sectors is being driven by the pharmaceutical and nutraceutical industries, who are researching the many applications of curcumin. These applications include products for cardiovascular health as well as supplements for joint health. The cosmetics and skincare industry is one of the factors driving the rise in the curcumin market. Curcumin is essential for skincare because of its anti-inflammatory and antioxidant properties.
Consumer interest in natural and holistic skincare products is driving the appeal of curcumin-containing anti-aging creams, face masks, and serums. This trend is in line with the larger push for natural ingredients in personal care products and clean beauty.
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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