Curcumin Market - Growth, Trends, and Forecast (2020 - 2025)

Global Curcumin Market is segmented by Applications (Pharmaceuticals, Food, Cosmetics, and Nutraceuticals) and Geography.

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

12.5 %

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Market Overview

The global curcumin market is projected to record a CAGR of 12.5%, during the forecast period (2020-2025).

  • Health concerns due to the presence of artificial ingredients in food, medicines, and cosmetics are the key aspects influencing manufacturers to adopt organic ingredients in product formulation. This is expected to drive the curcumin market.
  • Anti-cancer, anti-inflammatory, and anti-oxidation properties of curcumin are expected to drive the market growth as well.
  • Increased applications in the textile and cosmetic market are likely to 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 for pain, sprains, and swellings, bruising, and gum diseases are expected to propel the industry grow further.

Scope of the Report

The global curcumin market is a chemical compound used in the food application as a flavoring and coloring agent. The compound records a prominent share in herbal supplements and cosmetics. The market study of curcumin is segmented by application as pharmaceuticals, food, cosmetics, and nutraceuticals, and by geography. 

By Application
Pharmaceuticals
Food
Cosmetics
Nutraceuticals
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Spain
United Kingdom
Germany
France
Italy
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
Rest of the World
South America
Middle East & Africa

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Key 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 about 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 who are 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 is driving the curcumin market.

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Asia-Pacific is the Fastest Growing Market Segment

Increased focus on research and development, in order to enhance curcumin bioavailability is a major driver for curcumin in the Asia-Pacific region, with a larger number of laboratory studies to prove structure-function relationships, and human clinical trials to establish efficacy and safety by specific applications (prevention and supportive treatment of digestive disorders, arthritis, cancers, 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. 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 by far the largest producer and exporter of turmeric in the world. Turmeric occupies about 6% of the total area under spices and condiments in India.

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Competitive Landscape

Key manufacturers are mostly concentrated in the Asia-Pacific region, due to proximity to raw material suppliers and relatively high content of curcumin in Indian turmeric varieties. Some of the major companies in the curcumin market are Biomax Life Sciences Ltd, Synthite Industries Ltd, and Konark Herbals & Health Care Arjuna Natural Extracts Ltd, SV Agrofood.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Application

      1. 5.1.1 Pharmaceuticals

      2. 5.1.2 Food

      3. 5.1.3 Cosmetics

      4. 5.1.4 Nutraceuticals

    2. 5.2 Geography

      1. 5.2.1 North America

        1. 5.2.1.1 United States

        2. 5.2.1.2 Canada

        3. 5.2.1.3 Mexico

        4. 5.2.1.4 Rest of North America

      2. 5.2.2 Europe

        1. 5.2.2.1 Spain

        2. 5.2.2.2 United Kingdom

        3. 5.2.2.3 Germany

        4. 5.2.2.4 France

        5. 5.2.2.5 Italy

        6. 5.2.2.6 Russia

        7. 5.2.2.7 Rest of Europe

      3. 5.2.3 Asia-Pacific

        1. 5.2.3.1 China

        2. 5.2.3.2 Japan

        3. 5.2.3.3 India

        4. 5.2.3.4 Australia

        5. 5.2.3.5 Rest of Asia-Pacific

      4. 5.2.4 Rest of the World

        1. 5.2.4.1 South America

        2. 5.2.4.2 Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Biomax Life Sciences Ltd

      2. 6.4.2 Synthite Industries Ltd

      3. 6.4.3 Hindustan Mint & Agro Products Pvt

      4. 6.4.4 S V Agro Foods

      5. 6.4.5 Arjuna Natural Pvt Ltd

      6. 6.4.6 Herboveda India Pvt Ltd

      7. 6.4.7 Hebei Tianxu Biotech Co. Ltd

      8. 6.4.8 The Green Labs LLC

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

** Subject to Availability

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