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Global Curcumin Market Size, Share & Industry Trends Analysis Report By Nature (Conventional, and Organic), By Application (Pharmaceutical, Food, Cosmetics, and Others), By Regional Outlook and Forecast, 2023 - 2030

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    Report

  • October 2023
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5935378
The Global Curcumin Market size is expected to reach $219.4 Million by 2030, rising at a market growth of 14.9% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,768.6 Tonnes, experiencing a growth of 14.8% (2019-2022).

Many individuals incorporate curcumin into their diets or supplement regimens to proactively support their health and reduce the risk of chronic diseases. Consequently, the pharmaceutical segment captured $36.9 Million revenue in the market in 2022. Consumer consciousness about the benefits of curcumin for joint health and pain management has driven demand for curcumin supplements among individuals looking for natural alternatives to over-the-counter pain relief. Curcumin's potential to support digestive health and alleviate symptoms of conditions like irritable bowel syndrome has made it popular among individuals with gastrointestinal concerns. Its use in skincare products is influenced by consumer awareness of its potential to improve skin health, reduce signs of aging, and address skin conditions like acne and psoriasis. The rise in consumer consciousness regarding the health benefits of curcumin has been a pivotal factor in driving the growth of the market. Some of the factors impacting the market are expansion of clinical utility of curcumin extract, rising chronic health conditions and adulteration and fraudulent products.



Clinical evidence establishes credibility for curcumin, making it more attractive to consumers who seek science-backed products. This trust encourages consumers to incorporate curcumin-containing products into their daily routines, further boosting market growth. Healthcare professionals are increasingly recommending curcumin supplements or curcumin-rich foods to their patients. As curcumin becomes a more mainstream and trusted option for health support, its market growth is reinforced. Clinical research has highlighted its potential in managing joint pain and inflammation. The prevalence of chronic health conditions, including inflammatory diseases, cancer, and neurodegenerative disorders, has spurred interest in potential natural therapies. Its potent anti-inflammatory properties have led to its adoption as a natural remedy for managing inflammation, a common feature of many chronic illnesses. Arthritis, a common chronic condition, involves joint inflammation and pain. To support joint health and lessen arthritic symptoms like stiffness and soreness, curcumin is frequently used as a dietary supplement. Some individuals use curcumin to alleviate symptoms and reduce inflammation in rheumatoid arthritis and lupus. As a result of the rising chronic health conditions, the market is anticipated to increase significantly.

However, the market has seen instances of adulteration and fraudulent products. Some suppliers mix curcumin with other substances to reduce costs, leading to product authenticity and quality concerns. Adulterants or fraudulent substances in curcumin products can pose safety risks. Consumers unknowingly consume harmful or allergenic ingredients, resulting in adverse health effects and potential legal issues for manufacturers. Fraudulent products with unproven health claims can discredit the legitimate market. Negative experiences with such products can lead consumers to question the actual health benefits of curcumin. Legitimate curcumin manufacturers and suppliers can suffer reputational damage if their products are falsely associated with adulterated or fraudulent versions. Building and maintaining brand trust becomes challenging. Adulteration and fraudulent products are significant challenges that hamper the market.

Application Outlook

By application, the market is categorized into pharmaceutical, food, cosmetics, and others. In 2022, the pharmaceutical segment held the highest revenue share in the market. It is a powerful antioxidant that neutralizes harmful free radicals in the body. Curcumin's antioxidant properties make it an attractive option for developing pharmaceuticals to reduce oxidative damage and promote overall health. Curcumin has been investigated for its potential in managing neurodegenerative disorders, such as Alzheimer's disease and Parkinson's disease. Curcumin's anti-inflammatory and antimicrobial properties make it a candidate for pharmaceuticals related to wound healing and the treatment of skin disorders.



Nature Outlook

Based on nature, the market is classified into organic and conventional. The organic segment acquired a substantial revenue share in the market in 2022. Organic curcumin, sourced from organic turmeric, aligns with this demand for transparency and clean labeling. The absence of synthetic pesticides, herbicides, and chemical fertilizers in cultivating organic turmeric appeals to health-conscious consumers. The organic nature of curcumin resonates with the broader health and wellness trend. Organic farming procedures prohibit the use of synthetic chemicals. As a result, organic curcumin is less likely to contain synthetic pesticides and fertilizer residues.

Regional Outlook

Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America region led the market by generating the highest revenue share. North America has a growing interest in alternative medicine and integrative health practices. North America has seen a significant shift towards health and wellness, with consumers actively seeking products that support their well-being. The pharmaceutical industry in North America has invested in research on curcumin's potential therapeutic properties. The diversity of North American cuisine and the popularity of ethnic foods have led to the increased use of curcumin in spice blends and seasonings.

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
By Application (Volume, Tonnes, USD Million, 2019-30)
  • Pharmaceutical
  • Food
  • Cosmetics
  • Others
By Geography (Volume, Tonnes, USD Million, 2019-30)
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America- Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe- Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific- LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

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
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Curcumin Market, by Nature
1.4.2 Global Curcumin Market, by Application
1.4.3 Global Curcumin Market, by Geography
1.5 Methodology for the research
Chapter 2. Market At a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter’s Five Forces Analysis
Chapter 4. Global Curcumin Market by Nature
4.1 Global Conventional Market by Region
4.2 Global Organic Market by Region
Chapter 5. Global Curcumin Market by Application
5.1 Global Pharmaceutical Market by Region
5.2 Global Food Market by Region
5.3 Global Cosmetics Market by Region
5.4 Global Others Market by Region
Chapter 6. Global Curcumin Market by Region
6.1 North America Curcumin Market
6.1.1 North America Curcumin Market by Nature
6.1.1.1 North America Conventional Market by Country
6.1.1.2 North America Organic Market by Country
6.1.2 North America Curcumin Market by Application
6.1.2.1 North America Pharmaceutical Market by Country
6.1.2.2 North America Food Market by Country
6.1.2.3 North America Cosmetics Market by Country
6.1.2.4 North America Others Market by Country
6.1.3 North America Curcumin Market by Country
6.1.3.1 US Curcumin Market
6.1.3.1.1 US Curcumin Market by Nature
6.1.3.1.2 US Curcumin Market by Application
6.1.3.2 Canada Curcumin Market
6.1.3.2.1 Canada Curcumin Market by Nature
6.1.3.2.2 Canada Curcumin Market by Application
6.1.3.3 Mexico Curcumin Market
6.1.3.3.1 Mexico Curcumin Market by Nature
6.1.3.3.2 Mexico Curcumin Market by Application
6.1.3.4 Rest of North America Curcumin Market
6.1.3.4.1 Rest of North America Curcumin Market by Nature
6.1.3.4.2 Rest of North America Curcumin Market by Application
6.2 Europe Curcumin Market
6.2.1 Europe Curcumin Market by Nature
6.2.1.1 Europe Conventional Market by Country
6.2.1.2 Europe Organic Market by Country
6.2.2 Europe Curcumin Market by Application
6.2.2.1 Europe Pharmaceutical Market by Country
6.2.2.2 Europe Food Market by Country
6.2.2.3 Europe Cosmetics Market by Country
6.2.2.4 Europe Others Market by Country
6.2.3 Europe Curcumin Market by Country
6.2.3.1 Germany Curcumin Market
6.2.3.1.1 Germany Curcumin Market by Nature
6.2.3.1.2 Germany Curcumin Market by Application
6.2.3.2 UK Curcumin Market
6.2.3.2.1 UK Curcumin Market by Nature
6.2.3.2.2 UK Curcumin Market by Application
6.2.3.3 France Curcumin Market
6.2.3.3.1 France Curcumin Market by Nature
6.2.3.3.2 France Curcumin Market by Application
6.2.3.4 Russia Curcumin Market
6.2.3.4.1 Russia Curcumin Market by Nature
6.2.3.4.2 Russia Curcumin Market by Application
6.2.3.5 Spain Curcumin Market
6.2.3.5.1 Spain Curcumin Market by Nature
6.2.3.5.2 Spain Curcumin Market by Application
6.2.3.6 Italy Curcumin Market
6.2.3.6.1 Italy Curcumin Market by Nature
6.2.3.6.2 Italy Curcumin Market by Application
6.2.3.7 Rest of Europe Curcumin Market
6.2.3.7.1 Rest of Europe Curcumin Market by Nature
6.2.3.7.2 Rest of Europe Curcumin Market by Application
6.3 Asia Pacific Curcumin Market
6.3.1 Asia Pacific Curcumin Market by Nature
6.3.1.1 Asia Pacific Conventional Market by Country
6.3.1.2 Asia Pacific Organic Market by Country
6.3.2 Asia Pacific Curcumin Market by Application
6.3.2.1 Asia Pacific Pharmaceutical Market by Country
6.3.2.2 Asia Pacific Food Market by Country
6.3.2.3 Asia Pacific Cosmetics Market by Country
6.3.2.4 Asia Pacific Others Market by Country
6.3.3 Asia Pacific Curcumin Market by Country
6.3.3.1 China Curcumin Market
6.3.3.1.1 China Curcumin Market by Nature
6.3.3.1.2 China Curcumin Market by Application
6.3.3.2 Japan Curcumin Market
6.3.3.2.1 Japan Curcumin Market by Nature
6.3.3.2.2 Japan Curcumin Market by Application
6.3.3.3 India Curcumin Market
6.3.3.3.1 India Curcumin Market by Nature
6.3.3.3.2 India Curcumin Market by Application
6.3.3.4 South Korea Curcumin Market
6.3.3.4.1 South Korea Curcumin Market by Nature
6.3.3.4.2 South Korea Curcumin Market by Application
6.3.3.5 Singapore Curcumin Market
6.3.3.5.1 Singapore Curcumin Market by Nature
6.3.3.5.2 Singapore Curcumin Market by Application
6.3.3.6 Malaysia Curcumin Market
6.3.3.6.1 Malaysia Curcumin Market by Nature
6.3.3.6.2 Malaysia Curcumin Market by Application
6.3.3.7 Rest of Asia Pacific Curcumin Market
6.3.3.7.1 Rest of Asia Pacific Curcumin Market by Nature
6.3.3.7.2 Rest of Asia Pacific Curcumin Market by Application
6.4 LAMEA Curcumin Market
6.4.1 LAMEA Curcumin Market by Nature
6.4.1.1 LAMEA Conventional Market by Country
6.4.1.2 LAMEA Organic Market by Country
6.4.2 LAMEA Curcumin Market by Application
6.4.2.1 LAMEA Pharmaceutical Market by Country
6.4.2.2 LAMEA Food Market by Country
6.4.2.3 LAMEA Cosmetics Market by Country
6.4.2.4 LAMEA Others Market by Country
6.4.3 LAMEA Curcumin Market by Country
6.4.3.1 Brazil Curcumin Market
6.4.3.1.1 Brazil Curcumin Market by Nature
6.4.3.1.2 Brazil Curcumin Market by Application
6.4.3.2 Argentina Curcumin Market
6.4.3.2.1 Argentina Curcumin Market by Nature
6.4.3.2.2 Argentina Curcumin Market by Application
6.4.3.3 UAE Curcumin Market
6.4.3.3.1 UAE Curcumin Market by Nature
6.4.3.3.2 UAE Curcumin Market by Application
6.4.3.4 Saudi Arabia Curcumin Market
6.4.3.4.1 Saudi Arabia Curcumin Market by Nature
6.4.3.4.2 Saudi Arabia Curcumin Market by Application
6.4.3.5 South Africa Curcumin Market
6.4.3.5.1 South Africa Curcumin Market by Nature
6.4.3.5.2 South Africa Curcumin Market by Application
6.4.3.6 Nigeria Curcumin Market
6.4.3.6.1 Nigeria Curcumin Market by Nature
6.4.3.6.2 Nigeria Curcumin Market by Application
6.4.3.7 Rest of LAMEA Curcumin Market
6.4.3.7.1 Rest of LAMEA Curcumin Market by Nature
6.4.3.7.2 Rest of LAMEA Curcumin Market by Application
Chapter 7. Company Profiles
7.1 Wacker Chemie AG
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 SWOT Analysis
7.2 Hindustan Mint & Agro Products Pvt. Ltd
7.2.1 Company Overview
7.2.2 SWOT Analysis
7.3 Arjuna Natural Extracts Ltd
7.3.1 Company Overview
7.3.2 SWOT Analysis
7.4 Synthite Industries Ltd.
7.4.1 Company Overview
7.4.2 SWOT Analysis
7.5 SV Agrofood
7.5.1 Company Overview
7.5.2 SWOT Analysis
7.6 Star Hi Herbs Pvt. Ltd.
7.6.1 Company Overview
7.6.2 SWOT Analysis
7.7 Herboveda India Pvt. Ltd.
7.7.1 Company Overview
7.7.2 SWOT Analysis
7.8 Konark Herbals & Healthcare (Konark Group)
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 SWOT Analysis
7.9 Sabinsa corporation
7.9.1 Company Overview
7.9.2 SWOT Analysis
7.10. The Green Labs LLC.
7.10.1 Company Overview
7.10.2 SWOT Analysis
Chapter 8. Winning imperatives of Curcumins Market

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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