Curcumin Market Insights, Growth, Emerging Trends, And Forecast (2023-2030)

Global Curcumin Market was valued at USD 64.75 Million in 2022 and is expected to reach USD 126.21 Million by the year 2030, at a CAGR of 8.7%.

Curcumin is known to be a bioactive compound that is found in the root of Curcuma longa which is also called turmeric. Curcumin is a content or substance which are present in turmeric, which is generally used as a flavoring agent in food as it tastes like turmeric in the food and beverages sector. In addition, Curcumin has scientific properties owing to its gaining popularity in the pharmaceutical and cosmetic sectors. For instance, in India, turmeric is used to treat skin conditions, digestive issues, aches and pains, heart disease, diabetes, and cancer and acts as an antifungal and antibacterial which triggers the curcumin market growth. Furthermore, growing the food service industry, people are moving to organic food and cosmetic products are factors that help to spur the market growth during the forecast period.
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Top Market Players Covered in the Curcumin Market :
Hindustan Mint and Agro Products Pvt Ltd., Biomaxis.com, Synthite Industries Ltd., Rosun Natural Products Pvt. Ltd., BioThrive Sciences, Herboveda India Pvt Ltd., Konark Herbals and Health Care,Arjuna Natural Pvt. Ltd., SVagro foods, Star Hi Herbs Pvt Ltd., NOW Foods., Phyto Life Sciences Pvt. Ltd., Sabinsa, Wacker Chemic AG., The Green Labs LLC., Hebei Food Additive Co. Ltd, and other major players.
The global Global Curcumin Market research investigates the market in-depth and offers a comprehensive analysis of the major growth determinants, Global Curcumin Market share, current trends, key players, and their future predictions. In addition, market demand and supply, each geographical region's growth rate, and market potential are all included in the Global Curcumin Market study. Raw materials, marketing channels, client surveys, industry trends and proposals, CAGR status, product scope, Global Curcumin Market trends, major leading countries/regions, market risk, and market driving force are all included in the market research. The market prediction was based on a thorough market investigation completed by several industry experts

Segmentation Analysis of the Global Curcumin Market Report:
Here are some common segmentation criteria for the Curcumin Market :
By Type
• Powder
• Liquid
• Others
By Application
• Food and Beverages
• Medical
• Cosmetics
• Dietary Supplements
• Others
By Nature
• Organic
• Conventional
By Distribution Channels
• Specialty Store
• Supermarket/Hypermarket
• Online
• Others

Market share data Market Segment by Regions and Countries Level Analysis:
 North America (U.S., Canada, Mexico)
 Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
 Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
 Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
 Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
 South America (Brazil, Argentina, Rest of SA)

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Regional Analysis:
• Rising focus on R&D activities, in order to boost curcumin digestibility is a major driver for curcumin in the Asia-Pacific region, with a larger number of laboratory studies to demonstrate structure-function relationships, and human based clinical tribunals to establish efficacy and safety by specific applications. India is the largest producer and exporter of curcumin globally. Turmeric holds about 6% of the total area under spices and condiments in India. In addition, the China based curcumin industry is anticipated to witness heavy capturing from the pharmaceutical and cosmetic sectors, subject to the product’s natural anti-oxidants helps to growth in curcumin market.

• North America has the largest market for curcumin owing to rise in population, increase in health awareness and penetration of innovative products boost the growth of curcumin market during forecast period.
• The Europe region is projected to be the fastest-growing market in terms of value and is anticipated to grow in projected period. This development is paramount determined by the growing consumer expenditure on pharmaceutical and nourishment products along with positive regulations propelling its overall market growth.
• In Latin America, Middle East and Africa shifting preferences towards the organic and traditional products and is expected to boost the growth of the curcumin market in upcoming years.

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