The North America Curcumin Market would witness market growth of 14.2% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 429.8 Tonnes, showcasing a growth of 14.0% (2019-2022).
Curcumin supplements are widely available in capsules, tablets, and powders. The supplement industry has flourished due to the compound's association with numerous health benefits, including potential support for heart health, joint health, and digestive wellness. Consumers increasingly turn to curcumin supplements as part of their daily regimen, seeking natural alternatives to promote overall health. Curcumin's origin from turmeric, a widely recognized and trusted spice, aligns well with these preferences. It is considered a clean, natural, and holistic ingredient, making it an attractive option for those who prioritize transparency and natural alternatives in their purchases.
The popularity of veganism and plant-based diets has increased demand for curcumin as a natural, plant-derived substance. This trend is most pronounced in the food, supplement, and cosmetics industries, where consumers seek cruelty-free and sustainable alternatives. Personalization is a key trend in the health and wellness sector. As consumers become more conscientious about their purchases' environmental and ethical aspects, there is a growing emphasis on sustainable sourcing and ethical production practices within the market. It is increasingly being integrated into nutraceutical formulations to address specific health issues, such as joint pain, cognitive health, and heart health.
As per Centers for Diseases Control and Prevention (CDC), in 2020, 1,603,844 new cancer cases and 602,347 cancer-related deaths were reported in the United States. 403 new cases of cancer and 144 cancer-related deaths were recorded for every 100,000 persons. Chronic pain conditions, including arthritis, fibromyalgia, and chronic back pain, are prevalent in the US. Its analgesic properties make it a valuable component of pain management strategies, reducing the need for conventional pain medications. Also, ITA estimates, by 2024, cosmetic industry revenue is anticipated to increase by 1.45% yearly to USD 1.8 billion. The rising adoption of variable factors across the North America region, the market is estimated to increase in upcoming years.
The US region dominated the North America Curcumin Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $57,676.4 Thousands by 2030. The Canada region is experiencing a CAGR of 16.7% during (2023 - 2030). Additionally, The Mexico region would exhibit a CAGR of 15.7% during (2023 - 2030).
Based on Nature, the market is segmented into Conventional, and Organic. Based on Application, the market is segmented into Pharmaceutical, Food, Cosmetics, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Wacker Chemie AG, Hindustan Mint & Agro Products Pvt. Ltd, Arjuna Natural Extracts Ltd, Synthite Industries Ltd., SV Agrofood, Star Hi Herbs Pvt. Ltd., Herboveda India Pvt. Ltd., Konark Herbals & Healthcare, Sabinsa corporation and The Green Lab LLC.
Curcumin supplements are widely available in capsules, tablets, and powders. The supplement industry has flourished due to the compound's association with numerous health benefits, including potential support for heart health, joint health, and digestive wellness. Consumers increasingly turn to curcumin supplements as part of their daily regimen, seeking natural alternatives to promote overall health. Curcumin's origin from turmeric, a widely recognized and trusted spice, aligns well with these preferences. It is considered a clean, natural, and holistic ingredient, making it an attractive option for those who prioritize transparency and natural alternatives in their purchases.
The popularity of veganism and plant-based diets has increased demand for curcumin as a natural, plant-derived substance. This trend is most pronounced in the food, supplement, and cosmetics industries, where consumers seek cruelty-free and sustainable alternatives. Personalization is a key trend in the health and wellness sector. As consumers become more conscientious about their purchases' environmental and ethical aspects, there is a growing emphasis on sustainable sourcing and ethical production practices within the market. It is increasingly being integrated into nutraceutical formulations to address specific health issues, such as joint pain, cognitive health, and heart health.
As per Centers for Diseases Control and Prevention (CDC), in 2020, 1,603,844 new cancer cases and 602,347 cancer-related deaths were reported in the United States. 403 new cases of cancer and 144 cancer-related deaths were recorded for every 100,000 persons. Chronic pain conditions, including arthritis, fibromyalgia, and chronic back pain, are prevalent in the US. Its analgesic properties make it a valuable component of pain management strategies, reducing the need for conventional pain medications. Also, ITA estimates, by 2024, cosmetic industry revenue is anticipated to increase by 1.45% yearly to USD 1.8 billion. The rising adoption of variable factors across the North America region, the market is estimated to increase in upcoming years.
The US region dominated the North America Curcumin Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $57,676.4 Thousands by 2030. The Canada region is experiencing a CAGR of 16.7% during (2023 - 2030). Additionally, The Mexico region would exhibit a CAGR of 15.7% during (2023 - 2030).
Based on Nature, the market is segmented into Conventional, and Organic. Based on Application, the market is segmented into Pharmaceutical, Food, Cosmetics, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Wacker Chemie AG, Hindustan Mint & Agro Products Pvt. Ltd, Arjuna Natural Extracts Ltd, Synthite Industries Ltd., SV Agrofood, Star Hi Herbs Pvt. Ltd., Herboveda India Pvt. Ltd., Konark Herbals & Healthcare, Sabinsa corporation and The Green Lab LLC.
Scope of the Study
Market Segments Covered in the Report:
By Nature (Volume, Tonnes, USD Million, 2019-30)- Conventional
- Organic
- Pharmaceutical
- Food
- Cosmetics
- Others
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Wacker Chemie AG
- Hindustan Mint & Agro Products Pvt. Ltd
- Arjuna Natural Extracts Ltd
- Synthite Industries Ltd.
- SV Agrofood
- Star Hi Herbs Pvt. Ltd.
- Herboveda India Pvt. Ltd.
- Konark Herbals & Healthcare
- Sabinsa corporation
- The Green Lab LLC
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
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- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market At a Glance
Chapter 3. Market Overview
Chapter 4. North America Curcumin Market by Nature
Chapter 5. North America Curcumin Market by Application
Chapter 6. North America Curcumin Market by Country
Chapter 7. Company Profiles
Companies Mentioned
- Wacker Chemie AG
- Hindustan Mint & Agro Products Pvt. Ltd
- Arjuna Natural Extracts Ltd
- Synthite Industries Ltd.
- SV Agrofood
- Star Hi Herbs Pvt. Ltd.
- Herboveda India Pvt. Ltd.
- Konark Herbals & Healthcare
- Sabinsa corporation
- The Green Lab LLC
Methodology
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