The Curcumin Market size is estimated at USD 155 million in 2024, and is expected to reach USD 240.68 million by 2029, growing at a CAGR of 9.20% during the forecast period (2024-2029).
Curcumin has been used extensively as a medical herb in traditional Ayurvedic and Chinese medicine as a key element of natural remedies for treating various pathologies, including diabetes, rheumatism, atherosclerosis, liver disease, and oncological and infectious illnesses.
Following the COVID-19 outbreak, studies have explored curcumin's significance in treating the infection, positively impacting the industry outlook. For instance, a May 2021 study published in Frontiers of Pharmacology found that curcumin with piperine could be an effective adjuvant therapy for COVID-19 treatment.
Anti-cancer, anti-inflammatory, and anti-oxidation properties of curcumin are also expected to drive market growth. Increased textile and cosmetic market applications will likely enhance industry growth during the forecast period. The demand for products in skin care applications, including prevention from ringworm, leech bites, eye infections, skin sores, skin pain, sprains, swellings, bruising, and gum diseases, are expected to propel the industry to grow further.
Nevertheless, exempt (Natural) colors are perceived by consumers as being less of a health hazard than the petroleum(coal-tar)-derived synthetics. Hence, manufacturers are incorporating them into their products to get an edge. This factor is driving the curcumin market.
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Curcumin has been used extensively as a medical herb in traditional Ayurvedic and Chinese medicine as a key element of natural remedies for treating various pathologies, including diabetes, rheumatism, atherosclerosis, liver disease, and oncological and infectious illnesses.
Following the COVID-19 outbreak, studies have explored curcumin's significance in treating the infection, positively impacting the industry outlook. For instance, a May 2021 study published in Frontiers of Pharmacology found that curcumin with piperine could be an effective adjuvant therapy for COVID-19 treatment.
Anti-cancer, anti-inflammatory, and anti-oxidation properties of curcumin are also expected to drive market growth. Increased textile and cosmetic market applications will likely enhance industry growth during the forecast period. The demand for products in skin care applications, including prevention from ringworm, leech bites, eye infections, skin sores, skin pain, sprains, swellings, bruising, and gum diseases, are expected to propel the industry to grow further.
Curcumin Market Trends
Increasing Awareness of Natural Food Ingredients
Color is one of the first things consumers notice about any product. But with clean-label demand spreading across the market, colors are increasingly more than just what meets the eye. Natural colors are now a purchasing priority for an enormous chunk of the consumer base, and brands (big and small) are taking notice. Consumers are ready to pay premium prices to procure organic products, owing to their health benefits. Organic turmeric is in high demand among consumers looking to reap the full health benefits of turmeric's functional properties. There are many functionality problems with natural colors.Nevertheless, exempt (Natural) colors are perceived by consumers as being less of a health hazard than the petroleum(coal-tar)-derived synthetics. Hence, manufacturers are incorporating them into their products to get an edge. This factor is driving the curcumin market.
Asia-Pacific is the Fastest Growing Market Segment
Increased focus on R&D to enhance curcumin bioavailability is a major driver in the Asia-Pacific region. Several laboratory studies probe structure-function relationships and human clinical trials to establish efficacy and safety by specific applications (prevention and supportive treatment of digestive disorders, arthritis, cancers, and cardiovascular diseases). The Chinese curcumin industry is anticipated to witness heavy gain from the pharmaceutical and cosmetic sectors, subject to the product's natural anti-oxidants. The high demand for turmeric-based organic dietary supplements and anti-cancer medication is expected to fuel Japan's curcumin market size. Increasing consumer consciousness toward the consumption of natural ingredients in food products, cosmetics, and medicines is expected to help Asian market players to exploit lucrative opportunities in the curcumin market. India is the largest producer and exporter of turmeric in the world. Turmeric occupies about 6% of India's total area under spices and condiments.
Curcumin Industry Overview
Key manufacturers are mostly concentrated in Asia-Pacific due to proximity to raw material suppliers and relatively high curcumin content in Indian turmeric varieties. Additionally, industry players are developing innovative products to increase their consumer reach in the global marketplace, which has enhanced the business landscape. Some major companies in the curcumin market are Biomax Life Sciences Ltd, Synthite Industries Ltd, Konark Herbals & Health Care, Arjuna Natural Extracts Ltd, SV Agrofood Herboveda India Pvt. Ltd, Hebei Tianxu Biotech Co. Ltd, The Green Labs LLC, Hindustan Mint & Agro Products Pvt, and NOW Foods.Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
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Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Biomax Life Sciences Ltd
- Synthite Industries Ltd
- Hindustan Mint & Agro Products Pvt
- S V Agro Foods
- Arjuna Natural Pvt Ltd
- Herboveda India Pvt Ltd
- Hebei Tianxu Biotech Co. Ltd
- The Green Labs LLC
- Konark Herbals & Health Care
- Now Foods
Methodology
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