Global Curcumin market

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


Report ID: SQMIG30H2151 | Region: Global | Published Date: July, 2036
Pages: 157 | Tables: 89 | Figures: 76

Curcumin Market Insights

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).

This expansion can be attributed to the product's natural qualities, such as anti-cancer, anti-oxidant, and anti-inflammatory capabilities. It is also widely used in skin-care applications, such as the prevention of ringworms, eye infection, leech bites, painful skin, bruises, and swelling, among others, which is likely to fuel curcumin market expansion over the forecast period. Curcumin is an active substance derived primarily from turmeric and ginger. Because of its medicinal benefits, turmeric is widely consumed in South East Asian countries in both food and medical items. Consumer knowledge of its health benefits and expanding medicinal values will increase product demand in other parts of the world. Consumer tastes are shifting, and there is growing knowledge about the benefits of employing organic and natural components in medicinal, cosmetic, and food applications, which will boost product demand throughout the projected period.

US Curcumin Market is poised to grow at a sustainable CAGR for the next forecast year.

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FAQs

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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Global Curcumin market

Report ID: SQMIG30H2151

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