London, March 29, 2023 (GLOBE NEWSWIRE) -- Curcumin has earned recognition for its desirable wound healing, and anti-inflammatory attributes. The exceptional medical and therapeutic potential of curcumin further drives revenue to global curcumin market. Increasing penetration across the dietary supplements sector is expected to elevate the growth prospects of curcumin industry, suggests a recent study of Fairfield Market Research. Between 2021 and 2025, the market will exhibit a strong 10% CAGR, reaching the estimated revenue worth US$112.5 Mn toward the end of forecast year. “The market performance will most likely be on an uptrend given the competitive costs, and pharmacological security of curcumin. Global COVID-19 outbreak turned out to be a significant growth driver as curcumin gained stronger ground as a natural immunity booster amidst the pandemic situation,” states the analyst. While the food and beverages industry registers decent uptake, frequent launches of flavored beverages are especially projected to boost market outlook.
Key Research Insights
- Pharma and dietary supplements, and food and beverages remain the leading curcumin consuming segments with a collective value share of over 75%
- Organic variant currently accounts for nearly 19% share in global curcumin market
- North America’s curcumin market will account for a collective revenue share of over 65%, with Europe
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Insights into Segmental Analysis
Increasing awareness an array of health benefits of turmeric, and several Ayurveda-recommended advantages collectively drive curcumin market growth. The report highlights the maximum consumption of curcumin by manufacturers of pharmaceuticals, and dietary supplements. Food and beverages industry will also record measurable demand generation, further followed by that by the cosmetics and personal care industry. Skincare is expected to emerge highly lucrative, suggests the report, as curcumin has been garnering attention from worldwide as an effective active ingredient.
Key Report Highlights
- Curcumin sales likely to heighten as more cafés prefer to serve beverages like golden milk, and turmeric lattes
- Increasing new launches of OTC supplements on the market to augur well for market growth
- Clinical utility of curcumin to boost penetration in non-traditional markets
Insights into Regional Analysis
With collective revenue contribution of over 65% in the global curcumin market space, North America, and Europe maintain dominance. The market here will continue to thrive with growing consumer inclination toward natural, clean ingredients. The former is poised to exhibit the fastest growth in revenue throughout the period of projection. The report also indicates increasing market attractiveness of Asia Pacific as the region has been a traditional consumer of turmeric. The regions remains the world’s largest turmeric producer, led by India. Moreover, this will further receive tailwinds from soaring consumption by the key end-use industries, i.e., food and beverages, and cosmetics and personal care.
Leading Players in Global Curcumin Industry
Arjuna Natural Extracts Ltd, Sabinsa Corporation, Wacker Chemie AG, Akay Group, BioMax Lifesciences Ltd, Synthite Industries Ltd, SV Agro Food, Hindustan Mint & Agro Products Pvt. Ltd, Rosun Groups, and Konark Herbals constitute some of the leading companies leading competition in the worldwide curcumin industry.
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REPORT SCOPE
| Report Attributes | Details | |
| Base Year | 2020 | |
| Forecast Year | 2021 – 2025 | |
| Market Size in 2020 | US$69.8 Mn | |
| Estimated Market Size in 2025 | US$112.5 Mn | |
| CAGR | 10.00% | |
| Key Players | Sabinsa Corporation, Arjuna Natural Extracts Ltd, Wacker Chemie AG, Synthite Industries Ltd, Akay Group, BioMax Lifesciences Ltd, SV Agro Food, Rosun Groups, Hindustan Mint & Agro Products Pvt. Ltd, Konark Herbals | |
The Global Curcumin Market is Segmented as Below:
By Nature Coverage
- Organic
- Conventional
By Application Coverage
- Pharmaceutical & Dietary Supplements
- Cosmetics
- Food & Beverages
- Animal & Pet Food
By Geographical Coverage
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Leading Companies
- Arjuna Natural Extracts Ltd
- Sabinsa Corporation
- Synthite Industries Ltd
- Wacker Chemie AG
- BioMax Lifesciences Ltd
- Akay Group
- SV Agro Food
- Hindustan Mint & Agro Products Pvt. Ltd
- Rosun Groups
- DolCas Biotech
- Konark Herbals
- Gencor Botanicals
Inside This Report You Will Find:
1. Executive Summary
2. Market Overview
3. Global Turmeric Production & Trade Statistics
4. Global Curcumin Market Outlook, 2017 - 2025
5. North America Curcumin Market Outlook, 2017 - 2025
6. Europe Curcumin Market Outlook, 2017 - 2025
7. Asia Pacific Curcumin Market Outlook, 2017 - 2025
8. Latin America Curcumin Market Outlook, 2017 - 2025
9. Middle East & Africa Curcumin Market Outlook, 2017 - 2025
10. Competitive Landscape
11. Appendix
Learn More About the Report Inclusions, and Research Methodology: https://www.fairfieldmarketresearch.com/report/curcumin-market/more-information
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