Curcumin Market to Expand at a CAGR of 17.1 % from 2021 to 2030

The global Curcumin market size is estimated to be valued at US$ 200.89 million in 2030, and is expected to exhibit a CAGR of 17.1% over the forecast period (2021-2030).

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 Growth Factors

 Product demand is anticipated to be propelled by its increasing application in numerous industries including food, cosmetics, and pharmaceutical. It possesses valuable anti-oxidation and anti-inflammatory properties, emerging as a go-to pain relief choice for patients suffering from arthritis and osteoarthritis.

Rising awareness among consumers, particularly in developed countries including U.S., Germany, and Denmark, is likely to further fuel the demand for curcumin over the next eight years. It is an active component of turmeric, which is extracted from the Curcuma longa plant. The trend of increasing demand for ayurvedic medicinal formulations in numerous countries is observed, and this trend is projected to significantly benefit the curcumin market over the forecast period.

Report Coverage

Report Scope Details
Market Size USD 200.89 million by 2030
Growth Rate CAGR of 17.1% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Applications
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned WackerChemie AG; BioMaxLifesciences Ltd.; Synthite Industries Ltd.; Hindustan Mint & Agro Products Pvt. Ltd.; Arjuna Natural Extracts Ltd.; SV Agrofood; Star Hi Herbs Pvt. Ltd.; Herboveda India Pvt. Ltd.; Helmigs Prima Sehejtera P.T.; Tri Rahardja PT/Javaplant; Konark Herbals & Healthcare; Rosun Natural Products Pvt. Ltd.; SabinsaCorp.

By Application Analysis

The pharmaceutical application segment led the market in 2020 with the highest revenue share of more than 51%. The segment is estimated to expand further at the fastest CAGR from 2020 to 2028. For many centuries, curcumin has been widely used in traditional Asian herbal medicines to treat infections and inflammation.

These free radicals also damage the skin, causing visible photo-aging effects, such as hyperpigmentation, wrinkles, and loss of skin firmness. Curcumin-infused products can reduce these effects. Thus, brand owners in the personal care and cosmetic verticals are increasingly incorporation it as an additive.

By Regional Analysis

Europe is expected to register the fastest CAGR of 16.7% during the forecast period. A major factor driving the regional market is the well-established personal care & cosmetics industry in Western European countries, such as Italy, Germany, and Spain. North America accounted for the highest revenue share in 2020 due to the high product demand in food & nutritional supplements.

Asia Pacific is estimated to register the second-fastest CAGR over the forecast period This is majorly due to lower consumer awareness in the region about the health benefits of curcumin. However, lower consumer awareness creates a great opportunity for brand owners to educate the population and launch products to cater to the regional demand. 

Key Players

  • WackerChemie AG
  • BioMaxLifesciences Ltd.
  • Synthite Industries Ltd.
  • Hindustan Mint & Agro Products Pvt. Ltd.
  • Arjuna Natural Extracts Ltd.
  • SV Agrofood
  • Star Hi Herbs Pvt. Ltd.
  • Herboveda India Pvt. Ltd.
  • Helmigs Prima Sehejtera P.T.
  • Tri Rahardja PT/Javaplant
  • Konark Herbals & Healthcare
  • Rosun Natural Products Pvt. Ltd.
  • SabinsaCorp.

Market Segmentation

  • Application
    • Pharmaceutical
    • Food
    • Cosmetics
    • Others
  • Regional
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
      • Poland
      • Russia
      • Denmark
    • Asia Pacific
      • China
      • India
      • Japan
      • Australia
      • Malaysia
      • Indonesia
      • Thailand
      • South Korea
      • Vietnam
    • Central & South America
      • Brazil
      • Argentina
    • Middle East & Africa
      • UAE
      • Saudi Arabia
      • South Africa

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Curcumin Market, By Application

7.1.  Curcumin Market, by Application, 2021-2030

7.1.1.    Pharmaceutical

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Food

7.1.2.1.        Market Revenue and Forecast (2017-2030)

7.1.3.    Cosmetics

7.1.3.1.        Market Revenue and Forecast (2017-2030)

7.1.4.    Others

7.1.4.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Curcumin Market, Regional Estimates and Trend Forecast

8.1.  North America

8.1.1.    Market Revenue and Forecast, by Application (2017-2030)

8.1.2.    U.S.

8.1.3.    Rest of North America

8.1.3.1.        Market Revenue and Forecast, by Application (2017-2030)

8.2.  Europe

8.2.1.    Market Revenue and Forecast, by Application (2017-2030)

8.2.2.    UK

8.2.2.1.        Market Revenue and Forecast, by Application (2017-2030)

8.2.3.    France

8.2.3.1.        Market Revenue and Forecast, by Application (2017-2030)

8.2.4.    Rest of Europe

8.2.4.1.        Market Revenue and Forecast, by Application (2017-2030)

8.3.  APAC

8.3.1.    Market Revenue and Forecast, by Application (2017-2030)

8.3.2.    India

8.3.2.1.        Market Revenue and Forecast, by Application (2017-2030)

8.3.3.    China

8.3.3.1.        Market Revenue and Forecast, by Application (2017-2030)

8.3.4.    Japan

8.3.4.1.        Market Revenue and Forecast, by Application (2017-2030)

8.3.5.    Rest of APAC

8.3.5.1.        Market Revenue and Forecast, by Application (2017-2030)

8.4.  MEA

8.4.1.    Market Revenue and Forecast, by Application (2017-2030)

8.4.2.    GCC

8.4.2.1.        Market Revenue and Forecast, by Application (2017-2030)

8.4.3.    North Africa

8.4.3.1.        Market Revenue and Forecast, by Application (2017-2030)

8.4.4.    South Africa

8.4.4.1.        Market Revenue and Forecast, by Application (2017-2030)

8.4.5.    Rest of MEA

8.4.5.1.        Market Revenue and Forecast, by Application (2017-2030)

8.5.  Latin America

8.5.1.    Market Revenue and Forecast, by Application (2017-2030)

8.5.2.    Brazil

8.5.2.1.        Market Revenue and Forecast, by Application (2017-2030)

8.5.3.    Rest of LATAM

8.5.3.1.        Market Revenue and Forecast, by Application (2017-2030)

Chapter 9.    Company Profiles

9.1.  WackerChemie AG

9.1.1.    Company Overview

9.1.2.    Product Offerings

9.1.3.    Financial Performance

9.1.4.    Recent Initiatives

9.2.  BioMaxLifesciences Ltd.

9.2.1.    Company Overview

9.2.2.    Product Offerings

9.2.3.    Financial Performance

9.2.4.    Recent Initiatives

9.3.  Synthite Industries Ltd.

9.3.1.    Company Overview

9.3.2.    Product Offerings

9.3.3.    Financial Performance

9.3.4.    Recent Initiatives

9.4.  Hindustan Mint & Agro Products Pvt. Ltd.

9.4.1.    Company Overview

9.4.2.    Product Offerings

9.4.3.    Financial Performance

9.4.4.    Recent Initiatives

9.5.  Arjuna Natural Extracts Ltd.

9.5.1.    Company Overview

9.5.2.    Product Offerings

9.5.3.    Financial Performance

9.5.4.    Recent Initiatives

9.6.  SV Agrofood

9.6.1.    Company Overview

9.6.2.    Product Offerings

9.6.3.    Financial Performance

9.6.4.    Recent Initiatives

9.7.  Star Hi Herbs Pvt. Ltd.

9.7.1.    Company Overview

9.7.2.    Product Offerings

9.7.3.    Financial Performance

9.7.4.    Recent Initiatives

9.8.  Herboveda India Pvt. Ltd.

9.8.1.    Company Overview

9.8.2.    Product Offerings

9.8.3.    Financial Performance

9.8.4.    Recent Initiatives

9.9.  Helmigs Prima Sehejtera P.T.

9.9.1.    Company Overview

9.9.2.    Product Offerings

9.9.3.    Financial Performance

9.9.4.    Recent Initiatives

9.10.              Tri Rahardja PT/Javaplant.

9.10.1.  Company Overview

9.10.2.  Product Offerings

9.10.3.  Financial Performance

9.10.4.  Recent Initiatives

Chapter 10.  Research Methodology

10.1.              Primary Research

10.2.              Secondary Research

10.3.              Assumptions

Chapter 11.  Appendix

11.1.              About Us

11.2.              Glossary of Terms

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