Curcumin Market Outlook
According to the report by Expert Market Research (EMR), the global curcumin market share, is projected to grow at a CAGR of 9.1% between 2023 and 2028. Aided by the rising demand for natural and organic products and the expanding applications of curcumin across various industries, the market is expected to grow significantly by 2028.
Curcumin, the active ingredient of the spice turmeric, is well-known for its medicinal properties and has been a significant component in traditional medicine for centuries. It has strong anti-inflammatory and antioxidant properties that benefit general health. Curcumin comes in several forms, such as energy drinks, capsules, soaps, tablets, ointments, and cosmetic products. Curcumin has recently received widespread recognition on a global scale, both for its health advantages and for its usage as a natural colourant and flavour agent in the food and beverage sector.
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The surge in consumer preference for natural and organic products is a significant driver of the global curcumin market growth. The escalating awareness of the health benefits associated with curcumin, such as its potential to boost brain function, lower heart disease risk, and aid in cancer prevention, has triggered a substantial shift towards products containing this versatile compound. Furthermore, the growing trend of health and wellness has contributed to the soaring popularity of curcumin as an ingredient in dietary supplements.
In addition, the widening applications of curcumin across multiple sectors is playing a crucial role in contributing to the curcumin market expansion. Due to its medicinal qualities, curcumin is widely used in the pharmaceutical industry. It can be found in numerous supplements and is used to treat a range of medical issues. Curcumin is used in cosmetics because of its potent antioxidant capabilities, which are essential for many skincare products. Also, the natural yellow colour of curcumin makes it a popular culinary colour ingredient.
Additionally, the emphasis on curcumin as a useful component for vegan and vegetarian goods has increased due to the growing need for plant-based substitutes in the food and beverage industry. With the rise of veganism and the increasing popularity of plant-based diets, curcumin has emerged as an essential component in the formulation of plant-based foods, thereby driving the curcumin market expansion.
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Curcumin Market Segmentation
The market can be divided based on form, application, and region.
Market Breakup by Form
Market Breakup by Application
- OthersMarket Breakup by Region
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global curcumin companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Wacker Chemie AG
- Biomax Life Sciences
- Synthite Industries Ltd.
- Shaanxi Jiahe Phytochem Co., Ltd
- SV Agrofood
- Nuvothera, Inc.
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