The global curcumin market size is projected to total US$ 95.6 Mn in 2021. As per Future Market Insights (FMI) analysis, the overall sales of curcumin will surpass US$ 279.3 Mn by 2031. Demand for curcumin is projected to grow by 11.3% CAGR over the forecast period, from 2021 to 2031.
According to the study, curcumin sales represented 3% to 5% of overall curcuminoids market in 2020. Demand for curcumin is likely to soar as consumers across the globe realize the health benefits of curcumin as a functional ingredient.
FMI predicts the U.S., India, Germany, and China to emerge as primary markets for curcumin sales. Of these, the U.S. curcumin market is expected to grow by 9.7% CAGR between 2021 and 2031.
Rising concerns regarding harmful effects of artificial ingredients in food products are spurring demand for clean label food products and ingredients. Consumer dissatisfaction with synthetic food products is compelling food manufacturers to incorporate natural and plant-based ingredients for flavor and color.
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The U.S. is estimated to account for more than 79.0% of the North American market in 2021, supported by increased consumption of curcumin-derived protein products. China is estimated to account for over half of sales registered in the East Asia market share in 2021. Germany is expected to dominate the Europe curcumin market, holding 16.3% of the total market share in 2021. India will emerge as an attractive curcumin market, commanding over 45.2% of sales registered in South Asia in 2021. Curcumin applications as an antioxidant are estimated to hold nearly one-third of the total curcumin market share in 2021.
Key players operating in the global curcumin market are focusing on production facility expansion to cater to growing demand for natural and organic ingredients. Apart from this, manufacturers are implementing various strategies such as marketing and promotional activities, strengthening distribution channel and adopting sustainable production to gain a competitive edge.
Some of the leading companies offering curcumin are BioMax Life Sciences, Herboveda India Pvt Ltd., Hebei Tianxu Biotech Co. Ltd., JIAHERB Inc., Synthetic Industries Ltd., BioThrive Science, Sabinsa Corporation, The Green Labs LLC., WackerChemie AG, Hindustan Mint & Agro Products Pvt Ltd, Helmings Prima Sehejtera P.T, Arjuna Natural Extracts Ltd., SMP Nutra, SV Agrofoods, Star Hi Herbs Pvt Ltd. and others.
Curcumin Market by Category
- Heart Health
- Brain Health
- Stress/Anxiety Relief
- Flavorant & Colorant
- Dietary Supplements
- Food Products
- Herbal & Medicinal Products
- North America
- Latin America
- East Asia
- South Asia
- Middle East & Africa
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Key Questions Answered in the Report
What is the current value of the global curcumin market?
The global curcumin market is expected to reach a valuation of US$ 95.6 Mn in 2021.
At what rate did the global curcumin market grow between 2016 and 2020?
The global curcumin market grew at a 10.8% CAGR between 2016 and 2020.
What are the key trends boosting curcumin sales?
Increasing consumer inclination towards organic and natural products, along with rising demand for curcumin-based beverages are key trends driving sales of curcumin.
What is the total share of top 5 players operating in the global curcumin market?
Top 5 players in the global curcumin market are expected to hold around 35-45% of the total market share.
Which are the major countries driving demand for curcumin?
The U.S., India, Germany, and China are the top countries driving demand for curcumin.
What will be the demand outlook for curcumin in East Asia?
East Asia is projected to hold around 13.2% of the total curcumin revenue share.
At what rate will the U.S. curcumin market grow?
The U.S. curcumin market is projected to grow at a 9.7% CAGR over the next ten years.
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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