Global Curcumin market

Global Curcumin Market Size, Share, Growth Analysis, By Nature(Organic, Conventional), By Form(Powder, Liquid), By Application(Food & Beverages, Pharmaceutical) - Industry Forecast 2024-2031

Report ID: SQMIG30H2151 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 89 | Figures: 76

Global Curcumin Market News

  • In September 2022, Revive CBD Complex Curcumin and Hemp Extract was added to NextEvo Naturals' line of water-soluble CBD products, which have been formulated and clinically proven to maximize absorption.
  • In March 2022, Sabinsa launched curcumin analog ingredient called CurCousin. The new branded ingredient contains Calebin A, a curcumin analog, and supports balanced cholesterol, healthy blood sugar levels, circulation, as well as weight management.

 

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Curcumin Market size was valued at USD 63.83 million in 2019 and is poised to grow from USD 83.85 million in 2023 to USD 199.89 million by 2031, growing at a CAGR of 16.67% in the forecast period (2024-2031).

The global curcumin market is fragmented, with a prominent market player acquiring a sizable portion. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective and customized solutions. 'Synthite Industries Ltd.', 'Helmigs Prima Sehejtera P.T.', 'Sabinsa Corporation', 'Biomax Life Sciences Ltd.', 'Hindustan Mint & Agro Products Pvt. Ltd.', 'Arjuna Natural Extracts Ltd.', 'SV Agrofood', 'Herboveda India Pvt. Ltd.', 'Konark Herbals & Health Care', 'BioThrive Sciences', 'Hebei Food Additive Co., Ltd.', 'Star Hi Herbs Pvt. Ltd.', 'Shaanxi Jintai Biological Engineering Co., Ltd.', 'Aushadhi Herbal', 'Now Foods', 'Nature's Bounty Co.', 'Gaia Herbs', 'Source Naturals', 'Jarrow Formulas', 'Solgar Inc.'

Consumers globally have made health and wellness one of their top priorities. In recent years, there has been a substantial growth in the curcumin market for natural products with immune-boosting characteristics. Various natural extracts have proven useful against a variety of ailments and have consequently acquired popularity in recent years. Since ancient times, several countries, including India, have used turmeric in various medical and cosmetic formulations, and the commodity is still in demand today. Several clinical investigations have been undertaken around the world to demonstrate that curcumin has antioxidant and anti-inflammatory effects, making it appropriate for producing medical supplements and cosmetic formulations. As a result, demand has surged tremendously.

Since ancient times, herbs and spices have been utilized to improve human beauty. Herbal formulations have always gotten a lot of interest because of their high activity and lack of negative effects. Natural cosmetics are thought to be safe to use. Medicinal cosmetics are a cross between cosmetics and pharmaceuticals that aim to improve the skin's health and beauty by giving particular benefits such as acne and wrinkle prevention in addition to its role as a sunscreen. These products also improve skin function and texture by encouraging collagen formation, neutralizing free radicals, preserving keratin structure, and making the skin healthier. Southeast Asian, particularly Indian, women have traditionally used herbs such as sandalwood and turmeric for skincare and natural oil to perfume their bodies. However, in recent years, similar trend has been noted in the United States and Europe. With more consumers opting for natural products and a sustainable lifestyle, this trend is predicted to continue and draw more consumers to natural components in the long run.

Based on region global Curcumin market is segmented into North America, Asia Pacific, Europe, Latin America, and Middle East Africa.

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