Curcumin Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 155.00 Million |
| Market Size (2029) | USD 240.68 Million |
| CAGR (2024 - 2029) | 9.20 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Curcumin Market Analysis
The Curcumin Market size is estimated at USD 155 million in 2024, and is expected to reach USD 240.68 million by 2029, growing at a CAGR of 9.20% during the forecast period (2024-2029).
Curcumin has been used extensively as a medical herb in traditional Ayurvedic and Chinese medicine as a key element of natural remedies for treating various pathologies, including diabetes, rheumatism, atherosclerosis, liver disease, and oncological and infectious illnesses.
Following the COVID-19 outbreak, studies have explored curcumin's significance in treating the infection, positively impacting the industry outlook. For instance, a May 2021 study published in Frontiers of Pharmacology found that curcumin with piperine could be an effective adjuvant therapy for COVID-19 treatment.
Anti-cancer, anti-inflammatory, and anti-oxidation properties of curcumin are also expected to drive market growth. Increased textile and cosmetic market applications will likely enhance industry growth during the forecast period. The demand for products in skin care applications, including prevention from ringworm, leech bites, eye infections, skin sores, skin pain, sprains, swellings, bruising, and gum diseases, are expected to propel the industry to grow further.
Curcumin Market Trends
This section covers the major market trends shaping the Curcumin Market according to our research experts:
Increasing Awareness of Natural Food Ingredients
Color is one of the first things consumers notice about any product. But with clean-label demand spreading across the market, colors are increasingly more than just what meets the eye. Natural colors are now a purchasing priority for an enormous chunk of the consumer base, and brands (big and small) are taking notice. Consumers are ready to pay premium prices to procure organic products, owing to their health benefits. Organic turmeric is in high demand among consumers looking to reap the full health benefits of turmeric's functional properties. There are many functionality problems with natural colors.
Nevertheless, exempt (Natural) colors are perceived by consumers as being less of a health hazard than the petroleum(coal-tar)-derived synthetics. Hence, manufacturers are incorporating them into their products to get an edge. This factor is driving the curcumin market.
Asia-Pacific is the Fastest Growing Market Segment
Increased focus on R&D to enhance curcumin bioavailability is a major driver in the Asia-Pacific region. Several laboratory studies probe structure-function relationships and human clinical trials to establish efficacy and safety by specific applications (prevention and supportive treatment of digestive disorders, arthritis, cancers, and cardiovascular diseases). The Chinese curcumin industry is anticipated to witness heavy gain from the pharmaceutical and cosmetic sectors, subject to the product's natural anti-oxidants. The high demand for turmeric-based organic dietary supplements and anti-cancer medication is expected to fuel Japan's curcumin market size. Increasing consumer consciousness toward the consumption of natural ingredients in food products, cosmetics, and medicines is expected to help Asian market players to exploit lucrative opportunities in the curcumin market. India is the largest producer and exporter of turmeric in the world. Turmeric occupies about 6% of India's total area under spices and condiments.
Curcumin Industry Overview
Key manufacturers are mostly concentrated in Asia-Pacific due to proximity to raw material suppliers and relatively high curcumin content in Indian turmeric varieties. Additionally, industry players are developing innovative products to increase their consumer reach in the global marketplace, which has enhanced the business landscape. Some major companies in the curcumin market are Biomax Life Sciences Ltd, Synthite Industries Ltd, Konark Herbals & Health Care, Arjuna Natural Extracts Ltd, SV Agrofood Herboveda India Pvt. Ltd, Hebei Tianxu Biotech Co. Ltd, The Green Labs LLC, Hindustan Mint & Agro Products Pvt, and NOW Foods.
Curcumin Market Leaders
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Biomax Life Sciences Ltd.
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Synthite Industries Ltd.
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S V Agro Foods
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Arjuna Natural Ltd
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Herboveda India Pvt. Ltd.
*Disclaimer: Major Players sorted in no particular order
Curcumin Market News
In July 2021, Pharma Way North America, a pharmaceutical firm based in Atlanta, launched DOT SHOT - a first-of-its-kind ultra-soluble curcumin wellness drink.
In April 2019, Nuvothera, Inc., an American biotech company, announced launching a new Super-micronized Turmeric Curcumin supplement to meet the increasing demand for curcumin-based beverages. The product launch is expected to assist the consumer in reducing their dependence on prescribed medicines
In October 2019, Applied Food Sciences Inc., a leading innovator of functional and organic ingredients in the natural products industry, announced launching its new product named CurcuFlow, a free-flowing curcumin extract. It is designed for the producers to assist them in achieving a stain-free and cleaner turmeric production.
Curcumin Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Defination
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 By Application
- 5.1.1 Pharmaceuticals
- 5.1.2 Food
- 5.1.3 Cosmetics
- 5.1.4 Nutraceuticals
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5.2 Geography
- 5.2.1 North America
- 5.2.1.1 United States
- 5.2.1.2 Canada
- 5.2.1.3 Mexico
- 5.2.1.4 Rest of North America
- 5.2.2 Europe
- 5.2.2.1 Spain
- 5.2.2.2 United Kingdom
- 5.2.2.3 Germany
- 5.2.2.4 France
- 5.2.2.5 Italy
- 5.2.2.6 Russia
- 5.2.2.7 Rest of Europe
- 5.2.3 Asia-Pacific
- 5.2.3.1 China
- 5.2.3.2 Japan
- 5.2.3.3 India
- 5.2.3.4 Australia
- 5.2.3.5 Rest of Asia-Pacific
- 5.2.4 Rest of the World
- 5.2.4.1 South America
- 5.2.4.2 Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Most Active Companies
- 6.2 Most Adopted Strategies
- 6.3 Market Share Analysis
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6.4 Company Profiles
- 6.4.1 Biomax Life Sciences Ltd
- 6.4.2 Synthite Industries Ltd
- 6.4.3 Hindustan Mint & Agro Products Pvt
- 6.4.4 S V Agro Foods
- 6.4.5 Arjuna Natural Pvt Ltd
- 6.4.6 Herboveda India Pvt Ltd
- 6.4.7 Hebei Tianxu Biotech Co. Ltd
- 6.4.8 The Green Labs LLC
- 6.4.9 Konark Herbals & Health Care
- 6.4.10 Now Foods
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID 19 ON THE MARKET
Curcumin Industry Segmentation
Curcumin is a turmeric ingredient found in limited amounts in ginger. It is not water-soluble, but it is soluble in ethanol. It has excellent properties such as anti-inflammatory and anti-oxidation. It is extracted from turmeric and is widely used in pharmaceuticals, food, and cosmetics industries for its anti-oxidation and anti-inflammatory properties. The global curcumin market is a chemical compound used in food applications as a flavoring and coloring agent. The compound records a prominent share in herbal supplements and cosmetics. The market study of curcumin is segmented by application as pharmaceuticals, food, cosmetics, and nutraceuticals, and by geography in North America, Europe, Asia-Pacific, and the rest of the world. The report offers market size and forecasts for the curcumin market in value (USD million) for all the above segments.
| By Application | Pharmaceuticals | |
| Food | ||
| Cosmetics | ||
| Nutraceuticals | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Rest of North America | ||
| Geography | Europe | Spain |
| United Kingdom | ||
| Germany | ||
| France | ||
| Italy | ||
| Russia | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| Rest of Asia-Pacific | ||
| Geography | Rest of the World | South America |
| Middle-East and Africa |
Curcumin Market Research FAQs
How big is the Curcumin Market?
The Curcumin Market size is expected to reach USD 155.00 million in 2024 and grow at a CAGR of 9.20% to reach USD 240.68 million by 2029.
What is the current Curcumin Market size?
In 2024, the Curcumin Market size is expected to reach USD 155.00 million.
Who are the key players in Curcumin Market?
Biomax Life Sciences Ltd., Synthite Industries Ltd., S V Agro Foods, Arjuna Natural Ltd and Herboveda India Pvt. Ltd. are the major companies operating in the Curcumin Market.
Which is the fastest growing region in Curcumin Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Curcumin Market?
In 2024, the North America accounts for the largest market share in Curcumin Market.
What years does this Curcumin Market cover, and what was the market size in 2023?
In 2023, the Curcumin Market size was estimated at USD 141.94 million. The report covers the Curcumin Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Curcumin Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Curcumin Industry Report
Statistics for the 2024 Curcumin market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Curcumin analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
