From 2024 to 2031, the worldwide curcuming market is expected to expand at a CAGR of 9.1%. USD 165.2 million is the market size in 2022; by 2031 it is predicted to be USD 325.7 million. With India as the biggest producer and exporter of curcumin, Asia-Pacific presently rules the industry.
Expanding consumer knowledge of the health advantages of curcumin, its broad uses in many sectors, and expanding demand for natural components in food and cosmetic items is driving notable increase in the curcumin market. With continuous study on curcumin's possible therapeutic effects for different health issues, the pharmaceutical industry is especially pushing the growth of the market.
Market Dynamics:
Market Trend: Growing need for natural preservatives and food colorants
Driven by consumer preferences for natural colorants and preservatives, the food and beverage sector is progressively using curcumin. Because of its vivid yellow hue and antioxidant qualities, curcumin appeals as a substitute for synthetic additions. Developed nations, where consumers are more health-conscious and ready to pay premium rates for natural ingredients, show especially strong trends in both Curcumin is being included into food products by producers not only for color but also for possible health advantages. The demand for curcumin in food applications is likely to rise as rules on artificial additives get stiffer, therefore generating fresh chances for market development and product innovation.
Market Driver: Increasing studies on the health advantages of curcumin
One of the main forces behind market expansion is the increasing corpus of scientific studies stressing the possible health advantages of curcumin. Curcumin has anti-inflammatory, antioxidant, and maybe anti-cancer effects according to studies. Pharmaceutical firms, nutraceutical producers, and consumers all alike have grown more interested as a result. Curcumin's effectiveness in treating several disorders, including arthritis, digestive problems, and neurodegenerative diseases, is under investigation in continuous clinical trials. The demand for curcumin in dietary supplements and functional meals is projected to climb dramatically as more favorable results show up. This scientific support is not only raising consumer confidence but also driving market expansion and product development in many other sectors.
Market Restraint: Low bioavailability and stability problems
Curcumin has low bioavailability and stability, which can restrict its efficacy and use in different products even with possible health advantages. Consumed orally, curcumin is not very absorbed by the human body; moreover, it is sensitive to pH fluctuations, light, and heat. In formulations, these elements might lower its shelf life and efficacy. Manufacturers are funding research to create more stable forms of curcumin, such liposomal formulations and nanoparticles, and improved delivery systems. These technologies, particularly in price-sensitive sectors, might, however, often raise manufacturing costs, therefore restricting market expansion. The curcumin market still has a great difficulty in overcoming these bioavailability and stability problems, which calls for ongoing research and development expenditure as well as creative ideas.
The sector of pharmaceuticals rules the market.
Currently holding the biggest share in the curcumin market is the pharmaceutical category. The rising research and development efforts concentrated on curcumin's medicinal possibilities help to explain this supremacy. Targeting illnesses like inflammation, oxidative stress, and some forms of cancer, pharmaceutical companies are investigating curcumin's uses in many medications and supplements. Further increasing curcumin's appeal in the pharmaceutical sector is the rising tendency toward natural and plant-based medications. Promising findings from clinical trials looking into curcumin's effectiveness in treating chronic conditions have spurred more product development and commercial growth. Curcumin's health advantages are more and more supported by scientific data, therefore its use in medications is predicted to increase and help to drive general market expansion in the next years.
Asia-Pacific leads the worldwide curcumin market
With India mostly responsible for this regional dominance, Asia-Pacific rules the world curcumin market. The region's leadership stems from its increasing export market, traditional curcumin use in medicine and food, and great turmeric output. India is very important in the curcumin industry since it is the biggest turmeric exporter and manufacturer worldwide. The nation has a great advantage because of its mild temperature for growing turmeric and centuries of traditional knowledge on turmeric cooking. Furthermore propelling market expansion is the growing acceptance of curcumin in several sectors like cosmetics, food and drinks, and medications within the area. Demand is being driven even more by growing knowledge among Asia-Pacific consumers about the health advantages of curcumin, especially in China and Japan. Furthermore supporting Asia-Pacific's market leadership and so securing its dominance in the worldwide curcumin market are the region's booming nutraceutical sector and rising exports to Western markets.
Strong rivalry defines the worldwide curcumin market, which combines regional firms fighting for market share with big international companies. To keep their competitive edge, important players are emphasizing strategic alliances, quality enhancements, and product innovation. Investing in research and development, several businesses want to improve the bioavailability and stability of curcumin, therefore tackling one of the main market challenges. Another approach some companies use to guarantee supply chain effectiveness and quality control is vertical integration. Particularly in the pharmaceutical and nutraceutical sectors, curcumin producers and end-user companies are also working more closely together. New competitors are joining the market as demand for natural and plant-based products rises, therefore escalating the competitiveness. Still, established companies with significant brand awareness and distribution systems rule the worldwide curcumin industry.
Sabinsa Corporation
Synthite Industries Ltd.
Biomax Life Sciences Limited
Konark Herbals & Health Care
Arjuna Natural Extracts Ltd.
SV Agrofood
Star Hi Herbs Pvt. Ltd.
Hebei Food Additive Co. Ltd.
Helmig Industries
Hindustan Mint & Agro Products Pvt. Ltd.
1. INTRODUCTION
1.1. Market Definition
1.2. Study Scope
1.3. Currency Conversion
1.4. Study Period (2022- 2031)
1.5. Regional Coverage
2. RESEARCH METHODOLOGY
2.1. Primary Research
2.2. Secondary Research
2.3. Company Share Analysis
2.4. Data Triangulation
3. EXECUTIVE SUMMARY
3.1. Global Curcumin Market (2018 – 2022)
3.2. Global Curcumin Market (2023 – 2031)
3.2.1. Market Segment By Source (2023 – 2031)
3.2.2. Market Segment By Application (2023 – 2031)
3.2.3. Market Segment By Form (2023 – 2031)
3.2.4. Market Segment By Region (2023 – 2031)
4. MARKET DYNAMICS
4.1. Market Trends
4.1.1. Rising demand for natural food colorants and preservatives
4.1.2. Growing popularity of curcumin in skincare products
4.1.3. Increasing adoption of curcumin in functional foods and beverages
4.2. Market Drivers
4.2.1. Increasing research on curcumin's health benefits
4.2.2. Rising consumer awareness about natural ingredients
4.2.3. Expanding applications in the pharmaceutical industry
4.3. Market Restraints
4.3.1. Low bioavailability and stability issues
4.3.2. Fluctuating raw material prices
4.4. Porter's Five Forces Analysis
4.4.1. Threat of New Entrants
4.4.2. Bargaining Power of Buyers/Consumers
4.4.3. Bargaining Power of Suppliers
4.4.4. Threat of Substitute Products
4.4.5. Intensity of Competitive Rivalry
4.5. Supply Chain Analysis
4.6. Pricing Analysis
4.7. Regulatory Analysis
4.8. Pipeline Analysis
5. BY SOURCE (MARKET VALUE (US$ MILLION) – 2022-2031*)
5.1. Turmeric
5.2. Synthetic
6. BY APPLICATION
6.1. Pharmaceutical
6.2. Food and Beverage
6.3. Cosmetics
6.4. Others
7. BY FORM
7.1. Powder
7.2. Liquid
8. GEOGRAPHY
8.1. North America
8.1.1. United States
8.1.2. Canada
8.1.3. Mexico
8.2. South America
8.2.1. Brazil
8.2.2. Argentina
8.2.3. Rest of South America
8.3. Europe
8.3.1. Germany
8.3.2. United Kingdom
8.3.3. France
8.3.4. Italy
8.3.5. Spain
8.3.6. Russia
8.3.7. Rest of Europe
8.4. Asia-Pacific
8.4.1. China
8.4.2. Japan
8.4.3. India
8.4.4. Australia
8.4.5. South Korea
8.4.6. Rest of Asia-Pacific
8.5. Middle-East
8.5.1. UAE
8.5.2. Saudi Arabia
8.5.3. Turkey
8.5.4. Rest of Middle East
8.6. Africa
8.6.1. South Africa
8.6.2. Egypt
8.6.3. Rest of Africa
9. COMPETITIVE LANDSCAPE
9.1. Key Developments
9.2. Company Market Share Analysis
9.3. Product Benchmarking
10. SWOT ANALYSIS
11. COMPANY PROFILES
11.1. Sabinsa Corporation
11.2. Synthite Industries Ltd.
11.3. Biomax Life Sciences Limited
11.4. Konark Herbals & Health Care
11.5. Arjuna Natural Extracts Ltd.
11.6. SV Agrofood
11.7. Star Hi Herbs Pvt. Ltd.
11.8. Hebei Food Additive Co. Ltd.
11.9. Helmig Industries
11.10. Hindustan Mint & Agro Products Pvt. Ltd.
11.11. Naurex SA
11.12. Herboveda India Pvt. Ltd. (*LIST NOT EXHAUSTIVE)
12. MARKET OPPORTUNITIES
By Source:
Turmeric
Synthetic
By Application:
Pharmaceutical
Food and Beverage
Cosmetics
Others
By Form:
Powder
Liquid
By Region:
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
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