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The global curcumin market size is projected to grow at a CAGR of 9.1% between 2024 and 2032. The market is expected to be driven by the rising use of curcumin in preventative healthcare in the forecast period.
Curcumin is a bright yellow chemical produced by plants of the Curcuma longa species, primarily known for being a component of the spice turmeric, a member of the ginger family. It is the compound that gives turmeric its distinctive yellow colour. Beyond its culinary uses, curcumin is also renowned for its medicinal properties and has been a staple in traditional medicine systems like Ayurveda and Chinese medicine for thousands of years.
The increasing consumer awareness of the health benefits offered by curcumin is one of the major factors driving the curcumin market growth. Curcumin is widely used in cosmetics and the pharmaceutical sector, especially Ayurvedic formulations.
Curcumin comes in several forms, such as capsules, tablets, ointments, energy drinks, soaps, and cosmetic products and is extensively used in skin care preparations owing to its antioxidant, anti-inflammatory, and anti-ageing effects. Younger adults who use turmeric for antioxidant and recovery support, and older consumers seeking the benefits of turmeric for joint support and memory indications also boost the demand for curcumin.
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The rising popularity of curcumin-based supplements; the rising use of curcumin in the cosmetic and personal care sector; the focus on sustainable and ethical sourcing; and Increased innovations in bioavailability are the major trends impacting the curcumin market growth.
Date | Information |
Oct 25th, 2023 | The CSIR-National Botanical Research Institute (NBRI) made a significant stride by transferring the technology for Croma-3, which are edible capsules containing curcumin, to a Hyderabad-based firm, M/s Xavier Med Pvt. Ltd. |
Nov 16th, 2023 | In a study published in "Scientific Reports", researchers stated that curcumin could serve as an adjunct or supporting treatment, potentially increasing elvitegravir's ability to reach the brain and address HIV-related neurological complications effectively. |
Dec 10th, 2023 | Vascarta Inc. has announced promising preclinical results for a novel transdermal curcumin preparation, particularly for individuals suffering from sickle cell disease. |
Trend | Description |
Rising popularity of curcumin-based supplements and functional foods | Curcumin-based nutraceuticals, dietary supplements, and functional foods have become quite popular due to increased consumer interest in natural products and their potential health benefits. |
Rising use of curcumin in the cosmetic and personal care sector | The antioxidant and anti-inflammatory properties of curcumin make it a valuable ingredient in cosmetic and skin care products, leading to its increased use in various formulations. |
Growing focus on sustainable and ethical sourcing | With the growing emphasis on sustainability and ethical practices, there is a trend towards ensuring that curcumin is sourced sustainably and ethically, considering environmental and social factors. |
Increased innovations in the bioavailability of curcumin | Due to curcumin's naturally low bioavailability, there is a growing focus on developing innovative delivery systems to enhance its absorption and efficacy. |
Surging research and development activities by market players | Market players are attempting to scientifically validate the traditional uses and discover new therapeutic properties of curcumin. |
One of the prominent factors aiding the curcumin market expansion is the rising popularity of curcumin-based nutraceuticals, dietary supplements, and functional foods due to growing consumer inclination towards natural products, coupled with a rising awareness of their potential health benefits.
In a global shift towards health and wellness, consumers are increasingly proactive about their health and there is a heightened interest in supplements and foods that offer health benefits beyond basic nutrition. Curcumin, with its array of potential health benefits, aligns well with this trend.
The CSIR-National Botanical Research Institute (NBRI) has made a noteworthy advancement by licensing the technology for Croma-3, a curcumin-based edible capsule, to M/s Xavier Med Pvt. Ltd., a Hyderabad-based company. This move aims to increase the market presence of Croma-3, tapping into curcumin's health-enhancing properties and expanding the reach of this beneficial supplement to a broader consumer base.
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“Curcumin Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup | Categories |
Form | Powder, Liquid |
Application | Pharmaceutical, Food, Cosmetics, Others |
Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
Power dominates the curcumin market share due to its easy integration with a variety of products.
Curcumin powder can be easily incorporated into various products, including dietary supplements, food and beverages, cosmetics, and pharmaceuticals as its powdered form allows for straightforward mixing and formulation, making it a preferred choice for manufacturers. As a powder, curcumin tends to be more stable and has a longer shelf life compared to liquid formulations and this stability is crucial for maintaining the efficacy and quality of the product over time.
The liquid segment also holds a significant share of the curcumin market as it can often improve the bioavailability of curcumin. This is particularly important, given curcumin's natural low bioavailability.
Liquid curcumin is easy to consume, especially for individuals who have difficulty swallowing pills or capsules, which makes it a preferred choice for children, elderly consumers, or anyone who prefers not to take solid supplements.
The food sector maintains a steady growth due to growing applications of curcumin in food products.
The food sector holds a significant share of the market, primarily due to curcumin's versatile use as a natural colouring agent and spice. Curcumin is widely used as a natural colouring agent in the food sector as its vibrant yellow-to-orange colour is preferred over synthetic dyes, especially given the rising consumer demand for natural and clean-label products. As the main ingredient in turmeric, curcumin imparts a distinct flavour to various culinary dishes as it is a staple in many Asian cuisines and is increasingly being adopted in Western and other global cuisines as well.
There is a rising usage of curcumin in the pharmaceutical sector as it is used in the treatment and management of various conditions, such as arthritis, metabolic syndrome, anxiety, and certain types of cancers, making it a valuable compound in pharmaceutical formulations. As the trend towards natural and alternative medicine is increasing amid customers’ preference for natural supplements and treatments over synthetic drugs, especially for chronic conditions, the curcumin market is witnessing a healthy growth.
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Major players in the market are increasing their research and development activities as well as introducing novel technologies to gain a competitive edge in the market.
Company | Established | Location | Specialisation |
Wacker Chemie AG | 1914 | Munich, Germany | Chemical company |
Biomax Life Sciences | 2005 | Telangana, India | Nutraceuticals, herbal extracts, spice oleoresins, natural colours, fruit and vegetable powders |
Synthite Industries Private Ltd. | 1972 | Kerala, India | Spice extracts, spice powders, essential oils |
SV Agrofood | 2010 | Florida, United States | Herbal extracts, essential oils, carrier oils, organic products, nutraceutical ingredients |
Other players in the market are Nuvothera, Inc. and Shaanxi Jiahe Phytochem Co., Ltd, among others.
Numerous players in the curcumin market are actively researching to uncover curcumin's potential healthcare benefits. This effort aims to scientifically validate its traditional uses and discover new therapeutic properties, potentially opening up new applications in healthcare and expanding its market presence.
The demand for curcumin in Europe has been on a notable rise, driven by several factors that resonate with the region's consumer preferences, regulatory environment, and market trends. European consumers are increasingly health-conscious and are seeking natural supplements and ingredients that offer health benefits. Curcumin, known for its anti-inflammatory, antioxidant, and potential anti-cancer properties, aligns well with the growing trend of preventive healthcare and wellness in Europe.
There is also a significant shift towards natural, organic, and clean-label products in Europe and curcumin, being a natural extract from turmeric, is favoured as a food additive, colouring agent, and dietary supplement.
The curcumin market in the Asia Pacific is also substantially growing as turmeric has deep roots in the traditional medicine systems of many countries in Asia, such as Ayurveda in India and traditional Chinese medicine. Economic growth in the region has led to an expanding middle class with higher disposable income and this economic empowerment allows individuals to invest more in health and wellness products, including dietary supplements like curcumin.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Form |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Price Analysis |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Curcumin Market Analysis
8.1 Key Industry Highlights
8.2 Global Curcumin Historical Market (2018-2023)
8.3 Global Curcumin Market Forecast (2024-2032)
8.4 Global Curcumin Market by Form
8.4.1 Powder
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Liquid
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Curcumin Market by Application
8.5.1 Pharmaceutical
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Food
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Cosmetics
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Curcumin Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Curcumin Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Curcumin Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Curcumin Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Curcumin Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Curcumin Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Wacker Chemie AG
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Biomax Life Sciences
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Synthite Industries Ltd.
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Shaanxi Jiahe Phytochem Co., Ltd
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 SV Agrofood
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Nuvothera, Inc.
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Others
18 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
List of Key Figures and Tables
1. Global Curcumin Market: Key Industry Highlights, 2018 and 2032
2. Global Curcumin Historical Market: Breakup by Form (USD Million), 2018-2023
3. Global Curcumin Market Forecast: Breakup by Form (USD Million), 2024-2032
4. Global Curcumin Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Curcumin Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Curcumin Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Curcumin Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Curcumin Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Curcumin Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Curcumin Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Curcumin Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Curcumin Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Curcumin Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Curcumin Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Curcumin Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Curcumin Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Curcumin Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Curcumin Market Structure
The market is estimated to grow at a CAGR of 9.1% between 2024 and 2032.
The major drivers of the market include the rising demand for curcumin-based ayurvedic and herbal personal care products, consumer inclination for organically produced products, growing research and development activities, and growing cosmetic industry.
The key trends aiding the market include the rising popularity of curcumin-based supplements, the rising use of curcumin in cosmetic and skincare sectors, the focus on sustainable and ethical sourcing, and Increased innovations in bioavailability.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The various forms of curcumin in the market include powder and liquid.
The various applications of curcumin are pharmaceuticals, food, and cosmetics, among others.
The major players in the market are Wacker Chemie AG, Biomax Life Sciences, Synthite Industries Ltd., Shaanxi Jiahe Phytochem Co., Ltd, SV Agrofood, and Nuvothera, Inc., among others.
The global curcumin market was driven by the health benefits afforded by curcumin in the historical period. Aided by the rising demand for curcumin-based ayurvedic and herbal personal care products and consumer inclination for organically produced products, the market is expected to grow at a CAGR of 9.1% in the forecast period of 2024-2032.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The various forms of curcumin in the market are powder and liquid. The major applications of the market are pharmaceuticals, food, and cosmetics, among others. The major regional markets for curcumin are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The major players in the market are Wacker Chemie AG, Biomax Life Sciences, Synthite Industries Ltd., Shaanxi Jiahe Phytochem Co., Ltd, SV Agrofood, and Nuvothera, Inc., among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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