Global Curcumin Market was valued at USD 64.75 Million in 2022 and is expected to reach USD 126.21 Million by the year 2030, at a CAGR of 8.7%.
The curcumin market is experiencing significant growth and garnering attention due to the rising demand for natural and functional ingredients in various industries, including pharmaceuticals, food and beverage, cosmetics, and dietary supplements. Curcumin, derived from the turmeric plant, has gained popularity for its numerous health benefits, including anti-inflammatory, antioxidant, and anti-cancer properties.
One of the key drivers propelling the curcumin market's expansion is the increasing consumer awareness of the health benefits associated with curcumin consumption. As individuals seek alternative and natural remedies to improve their well-being, curcumin's traditional use in Ayurvedic medicine and its scientifically proven therapeutic properties have contributed to its growing adoption.
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Top Market Players Covered in the Curcumin Market:
Hindustan Mint and Agro Products Pvt Ltd., Biomaxis.com, Synthite Industries Ltd., Rosun Natural Products Pvt. Ltd., BioThrive Sciences, Herboveda India Pvt Ltd., Konark Herbals and Health Care,Arjuna Natural Pvt. Ltd., SVagro foods, Star Hi Herbs Pvt Ltd., NOW Foods., Phyto Life Sciences Pvt. Ltd., Sabinsa, Wacker Chemic AG., The Green Labs LLC., Hebei Food Additive Co. Ltd, and other major players.
The global Global Curcumin Market research investigates the market in-depth and offers a comprehensive analysis of the major growth determinants, Global Curcumin Market share, current trends, key players, and their future predictions. In addition, market demand and supply, each geographical region's growth rate, and market potential are all included in the Global Curcumin Market study. Raw materials, marketing channels, client surveys, industry trends and proposals, CAGR status, product scope, Global Curcumin Market trends, major leading countries/regions, market risk, and market driving force are all included in the market research. The market prediction was based on a thorough market investigation completed by several industry experts
Segmentation Analysis of the Global Curcumin Market Report:
Here are some common segmentation criteria for the Curcumin Market:
By Type
- Powder
- Liquid
- Others
By Application
- Food and Beverages
- Medical
- Cosmetics
- Dietary Supplements
- Others
By Nature
- Organic
- Conventional
By Distribution Channels
- Specialty Store
- Supermarket/Hypermarket
- Online
- Others
Market share data Market Segment by Regions and Countries Level Analysis:
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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Regional Analysis:
- Rising focus on R&D activities, in order to boost curcumin digestibility is a major driver for curcumin in the Asia-Pacific region, with a larger number of laboratory studies to demonstrate structure-function relationships, and human based clinical tribunals to establish efficacy and safety by specific applications. India is the largest producer and exporter of curcumin globally. Turmeric holds about 6% of the total area under spices and condiments in India. In addition, the China based curcumin industry is anticipated to witness heavy capturing from the pharmaceutical and cosmetic sectors, subject to the product’s natural anti-oxidants helps to growth in curcumin market.
- North America has the largest market for curcumin owing to rise in population, increase in health awareness and penetration of innovative products boost the growth of curcumin market during forecast period.
- The Europe region is projected to be the fastest-growing market in terms of value and is anticipated to grow in projected period. This development is paramount determined by the growing consumer expenditure on pharmaceutical and nourishment products along with positive regulations propelling its overall market growth.
- In Latin America, Middle East and Africa shifting preferences towards the organic and traditional products and is expected to boost the growth of the curcumin market in upcoming years.
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