The global Curcumin market size is expected to be worth around US$ 200.89 million by 2030, according to a new report by Vision Research Reports.
The global Curcumin market size was valued at US$ 59,199.4 thousand in 2020 and is anticipated to grow at a CAGR of 17.1% during forecast period 2021 to 2030.
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Curcumin Market (By Application: Pharmaceutical, Food, Cosmetics, Others) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030
|Market Size||USD 200.89 million by 2030|
|Growth Rate||CAGR of 17.1% From 2021 to 2030|
|Forecast Period||2021 to 2030|
|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.|
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.
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.
- 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.
- North America
- Asia Pacific
- South Korea
- Central & South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- North America
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
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
4.2. 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
22.214.171.124. List of Suppliers
126.96.36.199. List of Buyers
Chapter 7. Global Curcumin Market, By Application
7.1. Curcumin Market, by Application, 2021-2030
188.8.131.52. Market Revenue and Forecast (2017-2030)
184.108.40.206. Market Revenue and Forecast (2017-2030)
220.127.116.11. Market Revenue and Forecast (2017-2030)
18.104.22.168. 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)
8.1.3. Rest of North America
22.214.171.124. Market Revenue and Forecast, by Application (2017-2030)
8.2.1. Market Revenue and Forecast, by Application (2017-2030)
126.96.36.199. Market Revenue and Forecast, by Application (2017-2030)
188.8.131.52. Market Revenue and Forecast, by Application (2017-2030)
8.2.4. Rest of Europe
184.108.40.206. Market Revenue and Forecast, by Application (2017-2030)
8.3.1. Market Revenue and Forecast, by Application (2017-2030)
220.127.116.11. Market Revenue and Forecast, by Application (2017-2030)
18.104.22.168. Market Revenue and Forecast, by Application (2017-2030)
22.214.171.124. Market Revenue and Forecast, by Application (2017-2030)
8.3.5. Rest of APAC
126.96.36.199. Market Revenue and Forecast, by Application (2017-2030)
8.4.1. Market Revenue and Forecast, by Application (2017-2030)
188.8.131.52. Market Revenue and Forecast, by Application (2017-2030)
8.4.3. North Africa
184.108.40.206. Market Revenue and Forecast, by Application (2017-2030)
8.4.4. South Africa
220.127.116.11. Market Revenue and Forecast, by Application (2017-2030)
8.4.5. Rest of MEA
18.104.22.168. Market Revenue and Forecast, by Application (2017-2030)
8.5. Latin America
8.5.1. Market Revenue and Forecast, by Application (2017-2030)
22.214.171.124. Market Revenue and Forecast, by Application (2017-2030)
8.5.3. Rest of LATAM
126.96.36.199. 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
Chapter 11. Appendix
11.1. About Us
11.2. Glossary of Terms
The study objectives of this report are:
- To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
- Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
- To define, describe and forecast the market by type, application and region.
- To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
- To identify significant trends and factors driving or inhibiting the market growth.
- To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
- To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
- To strategically profile the key players and comprehensively analyze their growth strategies.
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