Curcumin Market
Curcumin Market Study by ? 94% Curcuminoid Content and ? 80% Curcuminoid Content in Food Colorants, Antioxidants, and Anti-inflammation Agents From 2024 to 2034
Analysis of Curcumin Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Curcumin Market Outlook (2024 to 2034)
The global curcumin market is estimated to reach a value of US$ 126.8 million in 2024, according to a new research report published by Fact.MR. Demand is evaluated to expand at an 8.7% CAGR to reach a size of US$ 292.7 million by the end of 2034.
Sales of curcumin are growing globally as it is becoming more common in functional foods and beverages. Curcumin or its products are gaining traction from individuals who widely prefer natural and plant-based components. Several food & beverage companies are adding them to food items to increase their nutritious profile.
Other than this, curcumin is widely used as an ingredient in natural skincare and cosmetics because of its antioxidant and anti-aging properties. The market for curcumin is expanding at a notable growth rate as products containing this ingredient such as lotions, creams, serums, and others are becoming popular.
East Asia is estimated to lead with 33% of the worldwide market share in 2024 due to curcumin becoming more well-known as a component of functional foods, supplements, and medications in China and Japan. The market in South Asia & Pacific is projected to expand at an excellent CAGR of 10.3% over the next years, mostly due to India, where curcumin, which is a component of turmeric, holds a long history in medical application and cultural purposes.
The North American region is estimated to register a turnover of US$ 38.7 million in 2024 due to the increasing demand for natural and organic supplements. Other than this, several curcumin manufacturers are aiming at a region because of the rising popularity of herbal and functional food.
The application of curcumin is forecasted to increase at 9.1% CAGR in food colorants because it is derived from plants. Curcumin gives food items a vibrant yellow color, which makes it a desirable substitute for artificial colorants. Food makers are turning to curcumin as a safe and effective coloring additive as the demand for natural and organic food items is rising globally.
| Report Attribute | Detail |
|---|---|
| Curcumin Market Size (2024E) | US$ 126.8 Million |
| Forecasted Market Value (2034F) | US$ 292.7 Million |
| Global Market Growth Rate (2024 to 2034) | 8.7% CAGR |
| East Asia Market Share (2024E) | 33% |
| North America Market Value (2024E) | US$ 38.7 Million |
| South Asia & Pacific Market Growth Rate (2024 to 2034) | 10.3% CAGR |
| ≥ 94% Curcuminoid Content Segment Value (2034F) | US$ 149.3 Million |
| Food & beverages Segment Value (2034F) | US$ 129.9 Million |
| Key Companies Profiled | Biomax Life Sciences Ltd.; Hindustan Mint & Agro Products Pvt. Ltd.; Arjuna Natural Ltd; SV Agrofood; Star Hi-Herbs Pvt. Ltd.; Synthite Industries Ltd.; Sabinsa Corp.; Herboveda India Pvt. Ltd; Helmigs Company; Hebei Food Additive Co. Ltd.; PT Tri Rahardja; Konark Herbals & Health Care.; Synthite Industries. |
Turmeric, a spice that is frequently used in Asian cooking, has a natural substance called curcumin. Due to its possible anti-inflammatory and antioxidant effects, it has grown in favor in recent years. Additional uses are found in the food, cosmetics, and pharmaceutical industries. It is used in the formation of natural food colors, which also has health benefits.
For ages, it has been used as a pain-relieving agent. It plays a vital role in the treatment of jaundice, hemorrhage, and hematuria, to name a few. In modern times, it is one of the most widely studied natural products.
Research has proved that it has the ability to prevent cancer by avoiding carcinogens. Along with this, it also protects the liver against damage caused by infections. It is an anti-inflammatory substance that is able to reduce exhaustion and fatigue, which might lead to inflammation of the liver.
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What are the factors propelling the demand and use of curcumin?
“Antioxidant Properties Make it a Natural Food Preservative”
Curcumin is used as a natural food preservative due to its antioxidant and antimicrobial properties. As a food preservative, it helps inhibit the growth of bacteria and other microorganisms that cause spoilage or foodborne illness. Furthermore, it is also used in several food premixes in specific proportions to enhance color, texture, and health benefits. Some of these products are spice blends, marinades, and seasoning mixes.
“Rising Health Awareness to Fuel Demand for Natural Ingredients”
With the rise of the health and wellness industry, there has been a growing awareness of the potential health benefits. Studies have shown that it may help reduce inflammation, improve brain function, and lower the risk of chronic diseases such as cancer and heart disease.
Furthermore, many people are turning to natural and herbal remedies as an alternative to pharmaceutical drugs, and it is seen as a safe and effective option. The scientific community has been studying curcumin for its potential health benefits, and there have been several clinical trials and studies conducted to explore its effectiveness. This has helped to raise awareness and interest in it.
“Rising Herbal Medicine Usage in Chronic Disease Treatment”
The prevalence of chronic diseases such as cancer, diabetes, and heart disease has been increasing, and it is seen as a potential preventative and treatment option. It has been studied for its potential anti-cancer properties.
It has been found to inhibit the growth and spread of cancer cells, as well as enhance the effectiveness of chemotherapy and radiation therapy. Moreover, it has been shown to improve insulin sensitivity and glucose metabolism, which help manage blood sugar levels in people with diabetes.
What are the challenges ahead for manufacturers?
One of the biggest challenges in production is ensuring the consistent quality and potency of the final product. This is particularly important as the quality varies depending on factors such as the source, extraction method, and processing techniques. It has low bioavailability and poor absorption in the body, which limits its effectiveness. Manufacturers may need to invest in specialized technology or processes to improve the absorption and bioavailability of their products.
However, manufacturers also face risks due to the supply of adulterated from local vendors. In addition, confusion exists among customers regarding their bioavailability. It has been found that alternative synthetic products are entering the market, which could harm market share. The presence of economical food colors in the market might also affect its growth in the food and beverage segment. Being a market largely driven by research, several market players have established their R&D centers and most of the products are found to be patented.
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Regional Outlook
Over 75% of the world's total turmeric production is cultivated in India, which controls the market for its cultivation. However, the majority of turmeric is exported to North America due to the low level of awareness among the populace of the nation. Due to its uses in the personal care business and the growing popularity of herbal products on the market, it is consumed in huge quantities in North America.
According to the Food and Agriculture Organization of the United Nations, roughly 2400 Metric Tons per Annum of turmeric is imported into the U.S. Europe follows North America in terms of demand.
Research and development regarding the application for cancer treatment are driving the growth in Europe. Manufacturers are concentrated in the Asia Pacific region, mainly in India, owing to the proximity to raw materials and penetration of herbal products.
Recent Developments
- November 2020- Robertet launched curcuRouge with a partnership with Tadashi Hashimoto, a bioavailability expert, groundbreaking curcumin, which has proven 93 times greater absorption than traditional extracts. CurcuRouge is capable of getting mixed with water and has the highest concentrations and allows low doses of 225-450 mg per day. CurcuRoge is made using a non-crystalline form, stabilized with a polymer matrix which helps increase the solubility and stability. The process uses non-controversial additives thus, making it a Novel Food Ingredient.
- February 2021- Chok Yuen Yong Industry Co., A Nakhon Ratchasima-based manufacturer has turned to drinks due to its health benefits and growing concern regarding health due to the pandemic. The group has invested nearly 50,00,000 US dollars to buy a 10-rai plot in Nakhon Ratchasima to build a factory producing QminC drink. This drink is made up of curcumin extracted from the rootstalk of turmeric plants. The company is planning to export the drink products to Southern parts of Asia and the Middle East after the pandemic.
- In March this year, James White re-launched a reduced-sugar Thorncroft cordial range together with a new Turmeric cordial. The cordial is made up of pressed turmeric juice giving it a refreshing taste whose benefits are derived from this. The company has cut the sugar in the product by at least 37%. The product is the company’s new addition in its plant-based origins and turmeric is added to the cordial for the spice and its anti-inflammatory benefits.
Key Companies
- Biomax Life Sciences Ltd.
- Hindustan Mint & Agro Products Pvt. Ltd.
- Arjuna Natural Ltd
- SVagrofood
- Star Hi-Herbs Pvt. Ltd.
- Synthite Industries Ltd.
- Sabinsa Corp.
- Herboveda India Pvt. Ltd
- Helmigs Company
- Hebei Food Additive Co. Ltd.
- PT Tri Rahardja
- Konark Herbals & Health Care.
- Synthite Industries
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Segmentation of Curcumin Market Research
-
By Production Process :
- ≥ 94% Curcuminoid Content
- ≥ 80% Curcuminoid Content
- Others
-
By Application :
- Food Colorant
- Antioxidant
- Anti-Inflammation Agents
- Others
-
By End-Use Industry :
- Food & beverages
- Pharmaceuticals
- Textiles
- Personal Care
- Others
-
By Region :
- North America
- Western Europe
- Eastern Europe
- Latin America
- East Asia
- South Asia & Pacific
- Middle East & Africa
Table of Content
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Curcuminoid Content 6.2. Application 6.3. End-Use 7. Global Market Analysis and Forecast, By Curcuminoid Content 7.1. ≥ 94% curcuminoid content 7.2. ≥ 80% curcuminoid content 7.3. Others 8. Global Market Analysis and Forecast, By Application 8.1. Food colorant 8.2. Antioxidant 8.3. Anti-inflammation agent 8.4. Others 9. Global Market Analysis and Forecast, By End-Use 9.1. Food and beverage 9.2. Pharmaceutical 9.3. Textile 9.4. Personal Care 9.5. Others 10. Global Market Analysis and Forecast, By Region 10.1. North America 10.2. Latin America 10.3. Western Europe 10.4. Eastern Europe 10.5. East Asia 10.6. South Asia & Pacific 10.7. MEA 11. North America Sales Analysis and Forecast, by Key Segments and Countries 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries 13. Western Europe Sales Analysis and Forecast, by Key Segments and Countries 14. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries 16. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries 17. MEA Sales Analysis and Forecast, by Key Segments and Countries 18. Sales Forecast by Curcuminoid Content, Application, and End-Use for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. Biomax Life Sciences Ltd. 20.2. hindustan mint & agro products pvt. Ltd. 20.3. Arjuna Natural Ltd 20.4. SVagrofood 20.5. Star Hi-Herbs Pvt. Ltd. 20.6. Synthite Industries Ltd. 20.7. Sabinsa Corp. 20.8. Herboveda India Pvt. Ltd 20.9. Helmigs Company 20.10. Hebei Food Additive Co. Ltd. 20.11. PT Tri Rahardja 20.12. Konark Herbals & Health Care.
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List Of Table
Table 1: Global Market US$ Mn Forecast by Region
Table 2: Global Market US$ Mn Forecast by Curcuminoid Content
Table 3: Global Market US$ Mn Forecast by Application
Table 4: Global Market US$ Mn Forecast by End-Use
Table 5: North America Market US$ Mn Forecast by Country
Table 6: North America Market US$ Mn Forecast by Curcuminoid Content
Table 7: North America Market US$ Mn Forecast by Application
Table 8: North America Market US$ Mn Forecast by End-Use
Table 9: Latin America Market US$ Mn Forecast by Country
Table 10: Latin America Market US$ Mn Forecast by Curcuminoid Content
Table 11: Latin America Market US$ Mn Forecast by Application
Table 12: Latin America Market US$ Mn Forecast by End-Use
Table 13: Western Europe Market US$ Mn Forecast by Country
Table 14: Western Europe Market US$ Mn Forecast by Curcuminoid Content
Table 15: Western Europe Market US$ Mn Forecast by Application
Table 16: Western Europe Market US$ Mn Forecast by End-Use
Table 17: Eastern Europe Market US$ Mn Forecast by Country
Table 18: Eastern Europe Market US$ Mn Forecast by Curcuminoid Content
Table 19: Eastern Europe Market US$ Mn Forecast by Application
Table 20: Eastern Europe Market US$ Mn Forecast by End-Use
Table 21: East Asia Market US$ Mn Forecast by Country
Table 22: East Asia Market US$ Mn Forecast by Curcuminoid Content
Table 23: East Asia Market US$ Mn Forecast by Application
Table 24: East Asia Market US$ Mn Forecast by End-Use
Table 25: South Asia & Pacific Market US$ Mn Forecast by Country
Table 26: South Asia & Pacific Market US$ Mn Forecast by Curcuminoid Content
Table 27: South Asia & Pacific Market US$ Mn Forecast by Application
Table 28: South Asia & Pacific Market US$ Mn Forecast by End-Use
Table 29: MEA Market US$ Mn Forecast by Country
Table 30: MEA Market US$ Mn Forecast by Curcuminoid Content
Table 31: MEA Market US$ Mn Forecast by Application
Table 32: MEA Market US$ Mn Forecast by End-Use
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List Of Figures
Figure 1: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Curcuminoid Content
Figure 2: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 3: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use
Figure 4: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 5: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Curcuminoid Content
Figure 6: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 7: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use
Figure 8: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 9: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Curcuminoid Content
Figure 10: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 11: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use
Figure 12: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 13: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Curcuminoid Content
Figure 14: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 15: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use
Figure 16: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 17: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Curcuminoid Content
Figure 18: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 19: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use
Figure 20: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 21: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Curcuminoid Content
Figure 22: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 23: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use
Figure 24: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 25: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Curcuminoid Content
Figure 26: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 27: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use
Figure 28: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 29: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Curcuminoid Content
Figure 30: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 31: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use
Figure 32: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
Which country dominates the market share in terms of production?
India reigns the market in terms of production owing to significant revenue of the global volume share.
Which country is the biggest consumer?
North America at present is the biggest importer in this market.
Where is it used extensively?
High demand is expected to be seen in food & beverage applications, which currently account for nearly 50% of market revenue.
What are the segments covered under this market study?
The market is studied based on curcuminoid content, end-user, application, and regions.
Curcumin Market