Global Curcumin Market Size, Analysis, Industry Statistics and Latest Insights 2024-32 | IMARC Group

The global curcumin market size reached US$ 87.1 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 160.4 Million by 2032, exhibiting a growth rate (CAGR) of 6.8% during 2024-2032.

The latest report by IMARC Group, titled “Curcumin Market Report by Application (Food and Beverages, Pharmaceuticals, Cosmetics, and Others), and Region 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on the market.

How big is the curcumin market?

The global curcumin market size reached US$ 87.1 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 160.4 Million by 2032, exhibiting a growth rate (CAGR) of 6.8% during 2024-2032.

Catalysts for Growth in the Curcumin Industry

  • Escalating Prevalence of Chronic Diseases

The upsurge in demand for curcumin is closely linked to the escalating prevalence of chronic diseases like diabetes, arthritis, and cardiovascular disorders worldwide, fostering a positive market outlook. Furthermore, the increasing emphasis on effective treatments and preventive measures is propelling market growth. Curcumin's therapeutic properties, particularly its ability to alleviate inflammation and oxidative stress, position it as a pivotal ingredient in managing conditions such as cancer, arthritis, and heart disease. Additionally, the rising focus on holistic approaches to disease management and prevention is further bolstering market growth.

  • Mounting Need for Natural Ingredients

The surging need for natural, plant-based ingredients, driven by shifting consumer preferences and lifestyles, is fortifying market growth. Curcumin, derived from the turmeric plant, stands as a natural solution with diverse health benefits, aligning with the rising demand for clean-label products among environmentally conscious individuals globally. This shift towards transparency and authenticity in product ingredients prompts manufacturers to substitute synthetic additives with natural alternatives, fostering market expansion.

  • Health Consciousness Among Consumers

The increased consumption of curcumin is attributable to the growing contingent of health-conscious consumers globally, positively influencing the market. Furthermore, heightened awareness among individuals about the benefits of curcumin, particularly its anti-inflammatory and antioxidant properties as well as its potential in combating chronic diseases like cancer and cardiovascular ailments, is driving market growth. Consumers are actively seeking natural alternatives to manage health conditions, while industry leaders are integrating curcumin across various sectors, such as food and beverage (F&B), pharmaceuticals, and cosmetics, to capture a broader consumer base.

For an in-depth analysis, you can request a sample copy of the report: https://www.imarcgroup.com/curcumin-market/requestsample

Competitive Landscape:

The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.

  • Arjuna Natural Pvt Ltd.
  • Biomax Life Sciences Limited.
  • Helmigs Prima Sehejtera
  • Herboveda India Pvt. Ltd.
  • Hindustan Mint & Agro Products Pvt. Ltd.
  • Konark Herbals & Healthcare
  • Rosun Natural Products Pvt. Ltd.
  • Sabinsa Corporation
  • Star Hi Herbs Pvt. Ltd.
  • SV Agrofood
  • Synthite Industries Ltd.
  • Wacker Chemie AG

Curcumin Market Report Segmentation:

By Application:

  • Food and Beverages
    • Bakery and Confectionery
    • Beverages
    • Dairy Products
    • Others
  • Pharmaceuticals
  • Cosmetics
  • Others

Pharmaceuticals represent the largest segment due to the rising focus on treating inflammatory conditions, such as arthritis and inflammatory bowel disease.

Regional Insights:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

North America enjoys a leading position in the curcumin market, which can be attributed to the increasing need for dietary supplements among individuals.   

Global Curcumin Market Trends:

The expanding use of curcumin in functional F&B products is contributing to market growth, as consumers increasingly seek products offering health benefits beyond basic nutrition. Curcumin's versatility and health-promoting properties make it an attractive ingredient for manufacturers seeking to enhance the functional appeal of their products. It finds application across a wide spectrum of functional food categories, from fortified beverages to functional snacks and supplements. Moreover, industry leaders are introducing innovative formulations tailored to address specific health concerns, further fueling the market.

Furthermore, curcumin's widespread use in nutraceutical products, including dietary supplements and herbal remedies, continues to bolster market growth, reflecting its enduring relevance and appeal in the health and wellness sector.

Ask Analyst for Customization: https://www.imarcgroup.com/request?type=report&id=3433&flag=C

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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