Curcumin Market - Global Market Share, Trends, Analysis and Forecasts, 2023 - 2032
The global curcumin market was estimated to be US$ 75.19 Million in 2022 and is expected to reach US$ 246.77 Million by 2032 at a CAGR of 12.7%.
Curcumin is a constituent of the Indian spice turmeric, which is a type of ginger. Curcumin is one of three curcuminoids that is present in turmeric, and the other two being desmethoxycurcumin and bis-desmethoxycurcumin. These curcuminoids provide turmeric its yellow color and curcumin is used as food additive and a yellow food colorant.
Curcumin is procured from the dried rhizome of the turmeric plant, which is considered as perennial herb that is cultivated widely in south and southeast Asian countries. The rhizome or the root is then processed to form turmeric, which comprises 2% to 5% curcumin. In the United States, turmeric is best regarded as a spice. It is considered as one of the chief components of curry powder. In India and other Asian parts, turmeric is used to heal many health conditions. It is considered to have antioxidant, anti-inflammatory and perhaps even anticancer properties.
Curcumin Market Growth Drivers
Rising demand for curcumin in the ayurvedic and herbal skin care products
The key factor driving growth of global curcumin market is the rising demand for curcumin in the ayurvedic and herbal skin care products. Curcumin is gaining popularity as an ingredient in herbal skin care products. Because of the medicinal properties, curcumin has been the subject of much interest and research over the last few decades. Research has also confirmed that curcumin is an anti-inflammatory agent that can diminish and control inflammation and even play a role in cancer treatment.
Curcumin also decrease the alteration, proliferation and spread of tumors. In animal educations, curcumin has been shown to have defensive effects in cancers of the skin, blood, mouth, pancreas, lung and intestinal tract. The most common applications of curcumin are as a dietary supplement, as a food coloring, in cosmetics and as flavoring for foods such as turmeric-flavored beverages. All these benefits and application of curcumin are expected to drive demand for the same during the forecast period.
Segmentation of Curcumin Market
The global curcumin market has been segmented based on application and geography. Based on applications, the global curcumin market has been segmented into pharmaceutical, food, cosmetic and others. Among various applications, pharmaceutical accounted for major share in the global curcumin market in 2017 and this segment is further expected to remain dominant in the near future.
Growing demand for herbal cosmetic products is anticipated to drive the global market of curcumin in cosmetic applications as it aids as a remedy for various skin diseases. Fluctuating consumer preference towards natural food coloring food substances is likely to increase the demand of curcumin in food applications. However, occurrence of cheap synthetic food colors poses as a restraining factor in the growth of curcumin market. Pharmaceutical application covered more than 52% of the global curcumin market. However, cosmetic application assumes the highest growth rising at over 13% CAGR.
Based on geography, the global curcumin market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America comprises U.S., Canada and Mexico whereas Europe would primarily cover Germany, France, UK, Italy and Rest of Europe. The key countries included under Asia Pacific are China, Japan, India, Australia, and Rest of Asia Pacific. In Latin America, Brazil, Argentina, and Rest of Latin America are the key segments whereas in Middle East & Africa, South Africa and Rest of MEA are the key segments covered in the report.
Regional Trends of the Global Curcumin Market
North America accounted for the largest market share in the global curcumin market and is further anticipated to maintain its leading position. North America is followed by Europe. Rising demand for curcumin based supplements in North America is the main reason, which is increasing curcumin market in North American countries.
In addition, growing demand for curcumin in cosmetic applications is moreover driving the market hence the demand of curcumin is likely to be high during the forecast period in North America. Demand for curcumin is expected to remain high in Asia Pacific owing to the rising demand from skin care and cosmetic companies. Manufacturers are highly focused in India due to high presence of curcumin in Indian turmeric products.
The global curcumin market is concentrated with leading manufacturers such as Konark Herbals & Health Care, Hindustan Mint & Agro Products Pvt. Ltd., Biomax Life Sciences Ltd., SV Agrofood, Hebei Food Additive Co. Ltd., Herboveda India Pvt. Ltd., Arjuna Natural Extracts Ltd., Synthite Industries Ltd., Star Hi Herbs and Helmigs Prima Sejahtera.
Global Curcumin Market Segmentation:
By Type:
- Organic
- Conventional
By Application
- Pharmaceutical
- Food
- Cosmetic
- Others
By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Introduction
- Research Objectives
- Report Assumptions
- Research Methodology
- Abbreviations
- Preface
- Market Definition
- Report Scope and Market Segmentation
- Research Highlights
- Market Synopsis: Global Curcumin Market
- Global Curcumin Market Qualitative Analysis
- Trends
- Market trends
- Technology Trends
- PESTLE Analysis (For 3 prominent countries)
- Market Influencers
- Driving Forces
- Hindering Forces
- Opportunities
- COVID-19 impact
- Trends
- Global Curcumin Market Analysis and Forecast, by Form
- Overview and definitions
- Key segment analysis
- Global Curcumin Market Estimates (US$ Mn), by Form, 2019 – 2032
- Powder
- Liquid
- Global Curcumin Market Analysis and Forecast, by Application
- Overview and definitions
- Key segment analysis
- Global Curcumin Market Estimates (US$ Mn), by Application, 2019 – 2032
- Flavorant
- Colorant
- Antioxidant
- Anti-inflammation
- Others
- Global Curcumin Market Analysis and Forecast, by End Use
- Overview and definitions
- Key segment analysis
- Global Curcumin Market Estimates (US$ Mn), by End Use, 2019 – 2032
- Pharmaceutical
- Food
- Cosmetics
- Others
- Global Curcumin Market Analysis and Forecast, by Region
- Overview and definitions
- Key segment analysis
- Global Curcumin Market Estimates (US$ Mn), by Region, 2019 – 2032
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- North America Curcumin Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- North America Curcumin Market Estimates (US$ Mn), by Form, 2019 – 2032
- Powder
- Liquid
- North America Curcumin Market Estimates (US$ Mn), by Application, 2019 – 2032
- Flavorant
- Colorant
- Antioxidant
- Anti-inflammation
- Others
- North America Curcumin Market Estimates (US$ Mn), by End Use, 2019 – 2032
- Pharmaceutical
- Food
- Cosmetics
- Others
- North America Curcumin Market Estimates (US$ Mn), Country, 2019 – 2032
- United States
- Canada
- Rest of North America
- Europe Curcumin Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Europe Curcumin Market Estimates (US$ Mn), by Form, 2019 – 2032
- Powder
- Liquid
- Europe Curcumin Market Estimates (US$ Mn), by Application, 2019 – 2032
- Flavorant
- Colorant
- Antioxidant
- Anti-inflammation
- Others
- Europe Curcumin Market Estimates (US$ Mn), by End Use, 2019 – 2032
- Pharmaceutical
- Food
- Cosmetics
- Others
- Europe Curcumin Market Estimates (US$ Mn), Country, 2019 – 2032
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific Curcumin Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Asia Pacific Curcumin Market Estimates (US$ Mn), by Form, 2019 – 2032
- Powder
- Liquid
- Asia Pacific Curcumin Market Estimates (US$ Mn), by Application, 2019 – 2032
- Flavorant
- Colorant
- Antioxidant
- Anti-inflammation
- Others
- Asia Pacific Curcumin Market Estimates (US$ Mn), by End Use, 2019 – 2032
- Pharmaceutical
- Food
- Cosmetics
- Others
- Asia Pacific Curcumin Market Estimates (US$ Mn), Country, 2019 – 2032
- Japan
- India
- China
- Australia
- Rest of Asia Pacific
- Middle East & Africa Curcumin Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Middle East & Africa Curcumin Market Estimates (US$ Mn), by Form, 2019 – 2032
- Powder
- Liquid
- Middle East & Africa Curcumin Market Estimates (US$ Mn), by Application, 2019 – 2032
- Flavorant
- Colorant
- Antioxidant
- Anti-inflammation
- Others
- Middle East & Africa Curcumin Market Estimates (US$ Mn), by End Use, 2019 – 2032
- Pharmaceutical
- Food
- Cosmetics
- Others
- Middle East & Africa Curcumin Market Estimates (US$ Mn), Country, 2019 – 2032
- Saudi Arabia
- UAE
- Rest of Middle East
- South America Curcumin Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- South America Curcumin Market Estimates (US$ Mn), by Form, 2019 – 2032
- Powder
- Liquid
- South America Curcumin Market Estimates (US$ Mn), by Application, 2019 – 2032
- Flavorant
- Colorant
- Antioxidant
- Anti-inflammation
- Others
- South America Curcumin Market Estimates (US$ Mn), by End Use, 2019 – 2032
- Pharmaceutical
- Food
- Cosmetics
- Others
- South America Curcumin Market Estimates (US$ Mn), Country, 2019 – 2032
- Brazil
- Rest of South America
- Competition Analysis – Curcumin Market
- Market Composition
- Market Share Analysis (%), by Supplier (2022)
- Company Profiles
- Konark Herbals & Health Care
- Business overview
- Geographic presence
- Product portfolio
- Financial facts
- Relevant news and strategic view
- Hindustan Mint & Agro Products Pvt. Ltd.
- Biomax Life Sciences Ltd.
- SV Agrofood
- Hebei Food Additive Co. Ltd.
- Herboveda India Pvt. Ltd.
- Arjuna Natural Extracts Ltd.
- Synthite Industries Ltd.
- Helmigs Prima Sehejtera
- Sabinsa Corporation
- Star Hi Herbs Pvt. Ltd.
- Wacker Chemie AG.
- Konark Herbals & Health Care
- Conclusion & Recommendations
Frequently asked questions about this report
What is the curcumin market growth?
The curcumin market is expected grow at a CAGR of 12.7% between 2023 to 2032.
How big is the curcumin market?
The curcumin market is expected to reach US$ 246.77 Million by 2032
What was the size of the global curcumin market in 2022?
The curcumin market was estimated to be US$ 75.19 Million in 2022.
what are the prominent curcumin market players across the globe?
Prominent players operating in the global Curcumin market include Konark Herbals & Health Care, Hindustan Mint & Agro Products Pvt. Ltd., Biomax Life Sciences Ltd., SV Agrofood, Hebei Food Additive Co. Ltd., Herboveda India Pvt. Ltd., Arjuna Natural Extracts Ltd., Synthite Industries Ltd., Star Hi Herbs and Helmigs Prima Sejahtera..
What is the base year considered in the curcumin market report?
The base year considered in Curcumin market report is 2023.