Market Size of Curcumin Industry
| 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 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.
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| Pharmaceuticals | |
| Food | |
| Cosmetics | |
| Nutraceuticals |
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Curcumin Market Size Summary
The curcumin market is poised for significant growth, driven by its extensive use in traditional medicine and its increasing application in various industries. Traditionally, curcumin has been a staple in Ayurvedic and Chinese medicine, valued for its therapeutic properties in treating conditions such as diabetes, rheumatism, and infectious diseases. The COVID-19 pandemic has further highlighted curcumin's potential, with studies suggesting its efficacy as an adjuvant therapy. The compound's anti-cancer, anti-inflammatory, and antioxidant properties are expected to bolster market expansion. Additionally, the rising demand for natural and organic products, particularly in the skincare, textile, and cosmetic sectors, is propelling the market forward. Consumers' preference for natural colors over synthetic alternatives is also contributing to the market's growth, as brands increasingly prioritize clean-label products.
In the Asia-Pacific region, the curcumin market is experiencing robust development due to increased research and development efforts aimed at enhancing curcumin's bioavailability. Countries like China and Japan are witnessing substantial growth in the pharmaceutical and cosmetic sectors, driven by the demand for turmeric-based products. The region's focus on natural ingredients in food, cosmetics, and medicines presents lucrative opportunities for market players. India, as the largest producer and exporter of turmeric, plays a pivotal role in the global market. Key manufacturers in the region are leveraging proximity to raw materials and high curcumin content in Indian turmeric varieties to innovate and expand their product offerings. Notable companies such as Biomax Life Sciences Ltd, Synthite Industries Ltd, and Arjuna Natural Extracts Ltd are leading the charge in developing new curcumin-based products, further enhancing the market landscape.
Curcumin Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Application
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2.1.1 Pharmaceuticals
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2.1.2 Food
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2.1.3 Cosmetics
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2.1.4 Nutraceuticals
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2.2 Geography
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2.2.1 North America
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2.2.1.1 United States
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2.2.1.2 Canada
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2.2.1.3 Mexico
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2.2.1.4 Rest of North America
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2.2.2 Europe
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2.2.2.1 Spain
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2.2.2.2 United Kingdom
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2.2.2.3 Germany
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2.2.2.4 France
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2.2.2.5 Italy
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2.2.2.6 Russia
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2.2.2.7 Rest of Europe
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2.2.3 Asia-Pacific
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2.2.3.1 China
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2.2.3.2 Japan
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2.2.3.3 India
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2.2.3.4 Australia
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2.2.3.5 Rest of Asia-Pacific
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2.2.4 Rest of the World
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2.2.4.1 South America
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2.2.4.2 Middle-East and Africa
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Curcumin Market Size 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.
