The Curcumin market is estimated to grow at an 11.3% CAGR between 2023 and 2033, from US$ 127.0 million in 2023 to US$ 369.2 million in 2033.
The market for these goods has developed considerably over the years as a result of growing consumer awareness of the health advantages of curcumin and increased consumer interest in natural and herbal products. Pharmaceutical, food and beverage, cosmetics, and dietary supplement industries all made important contributions to market demand.
Because of its possible health benefits, curcumin is used in a variety of pharmaceutical treatments and nutritional supplements. It is thought to have anti-inflammatory qualities, to be useful in treating disorders including arthritis, and to be employed in cancer research.
Curcumin is used in the food and beverage industries as a natural colouring and flavouring addition. It is commonly used in the production of beverages, dairy products, dressings, and sauces.
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Curcumin use has lately increased, propelling the market forward due to rising health awareness, various health benefits of curcumin, and increased competition for organic and natural components.
Healthy lifestyles, increasing demand for organic foods and traditional Ayurvedic preparations, and improvements in pharmaceuticals and cosmetics containing curcumin all contribute to the growth of the global curcumin market. Analysts said the cosmetics business is expected to see modest growth as new products such as topical remedies, face care products and oils enter the market.
Curcumin Market Key Points
- From 2023 to 2033, the UK curcumin market from pharmaceutical applications was worth more than US$ 15.5 million, owing to an increased emphasis on the marketing of capsules/tablets that help with immune system, joint, and digestive health.
- The curcumin market in Asia Pacific is expected to increase at the second-fastest rate between 2023 and 2033. Because of the increased usage of turmeric in food goods, the region is expected to have higher demand.
- From 2017 to 2022, China, Japan, and South Korea increase at a CAGR of 16.8%, 15.6%, and 14.2%, respectively.
- With a value of US$ 130.8 million in 2022, North America was the largest regional market. Demand in this region is likely to be driven by rising demand for processed foods and curcumin-based health supplements.
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Recent Development
- February 2020: Arjuna Natural Pvt, Ltd., a Kerala-based curcumin manufacturer, announced a new product line of certified organic turmeric extracts, including clinically tested, bioavailable BCM-95 (Curcugreen). In addition to BCM-95 and Turmeric Extract 95%, Arjuna’s full range of water-dispersible, oil-dispersible, and customised turmeric extracts will be available.
- Sabinsa Corp. will showcase dispersible curcumin and functional grass components at Expo West in 2020. Sabinsa Corporation’s Curcumin C3 Power Liquid was named best functional beverage at Vitafoods Asia 2019 in Singapore.
- In July 2021, Vieroots Wellness Solutions has announced the launch of a unique product including Curcumin 95 and Medium-chain triglycerides (MCT) Oil. A powerful yet safe combination of MCT Oil and 95% pure curcumin has been developed to address the underlying causes of lifestyle disorders such as obesity, diabetes, hypertension, cardiovascular disease, and cancers.
- in September 2021, OmniActive Health Technologies will launch Curcuwin Ultra+, the newest supplement in its line of branded, extremely nutritious curcumin. Curcuwin Ultra+ is a natural alternative to assist joint and overall health benefits for on-the-go lifestyle habits, in addition to providing effectiveness at a low dose, synthesis flexibility, and outstanding organoleptic characteristics allowing for integration into challenging applications such as supplements and beverages.
- In 2019, Lipofoods, a functional food ingredient producer, launched Crushshine, a microencapsulated curcumin ingredient. The newly released product claims to be natural, vegan, and extremely soluble in nature. Crushshine is simply included into nutricosmetics and beauty drinks, which will expand its application areas.
Curcumin Market by Key Category
By Nature:
- Organic
- Conventional
By Form:
- Powder
- Liquid
By Application:
- Heart Health
- Brain Health
- Stress/Anxiety Relief
- Anti-inflammation
- Antioxidant
- Flavouring & Colorant
By End-Use:
- Dietary Supplements
- Food Products
- Herbal & Medicinal Products
- Cosmetics
Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
Author
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
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