Curcumin Market Size, Share, Growth, Trends, and Forecast 2032

Curcumin Market Insights

According to a report from Zion Market Research, the global Curcumin Market was valued at USD 98.7 Million in 2023 and is projected to hit USD 213.4 Million by 2032, with a compound annual growth rate (CAGR) of 9.07% during the forecast period 2024-2032.

This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Curcumin industry over the next decade.

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A chemical that is bright yellow in color is curcumin which is produced by some plants. It is found in turmeric. They are mainly sold as food coloring, cosmetic supplements, herbal supplements, and food flavoring. The common application of curcumin is in the food and beverage industry. It is used as a flavoring agent in food as it tastes like turmeric, cosmetics, food coloring, and dietary supplement. They are sold as natural ingredients and dyes in the cosmetic industry as it benefits the skin. In several drug discovery assays, curcumin exhibited positive results.

Global Curcumin Market: Segmentation

The curcumin market is globally segmented into its application and regions. On the basis of application, the global market is segregated into cosmetics, pharmaceuticals, food and beverages, and others. Region-wise, the global curcumin market is diversified into North America, Asia-Pacific, Europe, and the Rest of the World.

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Global Curcumin Market: Growth Factors

The global market for curcumins will grow in the coming years owing to the factor that consumers are becoming aware of the harmful effects of using artificial ingredients in food, medicines, and cosmetics. Owing to this factor, the manufacturers of these products are shifting their focus towards using organic products in their products which triggers the demand for curcumin. The curcumin market will be driven owing to the presence of anti-oxidation, anti-cancer, and anti-inflammatory properties in medicines and cancer. The other factor that attributes to the market growth of curcumin is the stringent regulations that are imposed on the use of harmful chemicals in different industries thus increasing the demand for curcumin. The increasing trend of using herbal products by consumers also benefits the growth of the market. Curcumin is widely accepted and used by the pharmaceutical industry in the treatment of gastric ailments and Alzheimer's disease which will trigger global market growth. The major segment where curcumin is used is the food and beverages industry. The only factor that may hamper the market growth is the lack of availability of synthetic substitutes.

Curcumin Market: Report Scope

Global Curcumin Market: Regional Analysis

The region that dominated the curcumin market is Europe. The factors attributed to the market growth are the increasing expenses that are spent by consumers on healthy products and the stringent regulations that are imposed by pharmaceutical and food safety associations. The North American region is also growing in the curcumin market owing to the rise in herbal applications and treatments. The market in this region also has new opportunities opening up owing to the advancements made. In the Asia Pacific region, the food and beverages industry has a great demand for curcumin which boosts the market growth in the region.

Global Curcumin Market: Competitive Players

The major market players in the curcumin market include -

• Synthite Industries
• SV Agrofood
• Herboveda India
• Konark Herbalism
• Hindustan Mint & Agro Products
• Arjuna Natural Extracts
• Biomax Life Sciences.

The report segments the Global Curcumin market as follows:

Global Curcumin Market: Type Segment Analysis

• Pharmaceutical Grade
• Food Grade
• Cosmetic Grade

Global Curcumin Market: Application Segment Analysis

• Pharmaceuticals
• Food & Beverages
• Cosmetics
• Others

Global Curcumin Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of The Middle East & Africa