PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1535775
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1535775
Curcumin Market Size - By Application (Pharmaceutical, Food, Cosmetics), Research Report, Country Outlook, Price Trends, Historic Data, Growth Prospects & Global Forecast, 2024-2032
Global Curcumin Market will reach a 9.1% CAGR from 2024 to 2032, attributed to innovation in the food and beverage industry along with rising awareness of curcumin's health benefits. New product developments featuring curcumin, such as functional foods and health-oriented beverages, cater to an increasingly health-conscious consumer base. As awareness of curcumin's anti-inflammatory and antioxidant properties spread, demand for curcumin-enriched products expands. This synergy between innovative applications and heightened consumer education will significantly boost the market size and enhance curcumin's commercial potential.
For instance, in October 2022, ABD launched two innovative whiskies: Sterling Reserve B7 Whisky Cola Mix and Srishti Premium Whisky with curcumin. These new products from Allied Blenders and Distillers aim to captivate consumers with unique twists. By integrating curcumin into whiskey, ABD introduced a novel product and promoted curcumin's benefits to a broader audience, potentially increasing its market demand. This move may inspire other companies to explore similar applications, driving further growth and diversification in the curcumin industry.
The curcumin market is segregated based on application and region.
The food segment will accumulate remarkable gains between 2024 and 2032, owing to the increasing consumer demand for natural ingredients in dietary and functional foods. Curcumin's well-known health benefits, including its anti-inflammatory and antioxidant properties, drive its incorporation into a wide range of food products, such as beverages, snacks, and dietary supplements. The growing trend towards health-conscious eating and the rise of turmeric-based products contribute substantially to the food segment's dominance, reflecting a strong consumer preference for curcumin-enriched options.
Asia Pacific curcumin industry will secure a considerable CAGR from 2024 to 2032, driven by APAC's rich historical use of turmeric and curcumin in traditional medicine and cuisine. The region's increasing health-conscious population, coupled with a rise in functional food consumption, drives significant demand. Additionally, growing awareness of curcumin's health benefits and advancements in extraction technologies further enhance market growth. Asia Pacific's established production and consumption patterns, in line with increasing consumer interest, make it a vital contributor to the global curcumin market.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Base estimates & calculations
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis
Chapter 3 Methodology & Scope
- 3.1 Industry ecosystem analysis
- 3.1.1 Value chain
- 3.1.2 Key manufacturers
- 3.1.3 Go to market routes
- 3.1.4 Key distributors
- 3.1.4.1 New distribution channels
- 3.1.5 Profit margins across the industry
- 3.2 Industry impact forces
- 3.2.1 Growth drivers
- 3.2.2 Market challenges
- 3.2.3 Market opportunities
- 3.2.3.1 New markets/applications
- 3.2.3.2 Growth potential analysis
- 3.3 Raw material landscape
- 3.3.1 Manufacturing trends
- 3.3.1.1 Technology evolution
- 3.3.1.2 Sustainable manufacturing
- 3.3.1.2.1 Green practices
- 3.3.1.2.2 Decarbonization
- 3.3.2 New raw materials
- 3.3.3 Raw material pricing trends (USD/Ton)
- 3.3.3.1 North America
- 3.3.3.2 Europe
- 3.3.3.3 Asia Pacific
- 3.3.3.4 Latin America
- 3.3.3.5 Middle East & Africa
- 3.3.1 Manufacturing trends
- 3.4 Regulations & market impact
- 3.5 Porter's analysis
- 3.6 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Company market share analysis
- 4.2 Competitive positioning matrix
- 4.3 Strategic outlook matrix
Chapter 5 Market Size and Forecast, By Application, 2024-2032 (USD Million, Kilo Tons)
- 5.1 Key trends
- 5.2 Pharmaceutical
- 5.3 Food
- 5.4 Cosmetics
- 5.5 Others
Chapter 6 Market Size and Forecast, By Region, 2024-2032 (USD Million, Kilo Tons)
- 6.1 Key trends
- 6.2 North America
- 6.2.1 U.S.
- 6.2.2 Canada
- 6.3 Europe
- 6.3.1 Germany
- 6.3.2 UK
- 6.3.3 France
- 6.3.4 Italy
- 6.3.5 Spain
- 6.3.6 Rest of Europe
- 6.4 Asia Pacific
- 6.4.1 China
- 6.4.2 India
- 6.4.3 Japan
- 6.4.4 South Korea
- 6.4.5 Australia
- 6.4.6 Rest of Asia Pacific
- 6.5 Latin America
- 6.5.1 Brazil
- 6.5.2 Mexico
- 6.5.3 Argentina
- 6.5.4 Rest of Latin America
- 6.6 MEA
- 6.6.1 Saudi Arabia
- 6.6.2 UAE
- 6.6.3 South Africa
- 6.6.4 Rest of MEA
Chapter 7 Company Profiles
- 7.1 Arjuna Natural Extracts Ltd.
- 7.2 Biomax Life Sciences Ltd.
- 7.3 Hebei Food Additive Co., Ltd.
- 7.4 Helmigs Prima Sejahtera PT
- 7.5 Herboveda India Pvt. Ltd
- 7.6 Hindustan Mint & Agro Products Pvt. Ltd
- 7.7 Konark Herbals & Health Care
- 7.8 Star Hi Herbs Pvt. Ltd.
- 7.9 SV Agrofood
- 7.10 Synthite Industries Ltd.
- 7.11 Tri Rahardja PT
