The latest report by IMARC Group, titled “Curcumin Market Report by Application (Food and Beverages, Pharmaceuticals, Cosmetics, and Others), and Region 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on the curcumin market report.

Global Curcumin Market Detailed Analysis:

The global curcumin market size reached US$ 87.1 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 160.4 Million by 2032, exhibiting a growth rate (CAGR) of 6.8% during 2024-2032.

Factors Affecting the Growth of the Curcumin Industry:

• Rising Prevalence of Chronic Diseases:

The growing demand for curcumin due to the increasing prevalence of chronic diseases, such as diabetes, arthritis, and cardiovascular disorders, among the masses around the world is offering a positive market outlook. Additionally, the rising focus on effective treatments and preventive measures is propelling the market growth. Curcumin is known for its therapeutic properties, including its ability to alleviate inflammation and oxidative stress, which makes it a vital ingredient for managing conditions like cancer, arthritis, and heart disease. Furthermore, the increasing focus on holistic approaches to disease management and prevention is bolstering the market growth.

• Increasing Need for Natural Ingredients:

The rising need for natural and plant-based ingredients due to changing consumer preferences and lifestyles is strengthening the market growth. In addition, curcumin is derived from the turmeric plant, offering a natural solution with various health benefits. The increasing demand for clean-label products among eco-conscious individuals worldwide is propelling the market growth. People are seeking transparency and authenticity in product ingredients, encouraging manufacturers to replace synthetic additives with natural alternatives in their products, which is contributing to the growth of the market.

• Health Consciousness Among Individuals:

The growing consumption of curcumin due to the rising number of health-conscious consumers across the globe is positively influencing the market. Moreover, the increasing awareness among individuals about the benefits of curcumin, such as its anti-inflammatory and antioxidant properties and potential in combating chronic diseases like cancer and cardiovascular ailments, is impelling the market growth. Consumers are increasingly seeking natural alternatives to manage health conditions. Besides this, key players are integrating curcumin in various sectors, such as food and beverage (F&B), pharmaceuticals, and cosmetics, to attract a wider consumer base.

For an in-depth analysis, you can request a sample copy of the report: https://www.imarcgroup.com/curcumin-market/requestsample

Competitive Landscape:

The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.

• Arjuna Natural Pvt Ltd.
• Biomax Life Sciences Limited.
• Helmigs Prima Sehejtera
• Herboveda India Pvt. Ltd.
• Hindustan Mint & Agro Products Pvt. Ltd.
• Konark Herbals & Healthcare
• Rosun Natural Products Pvt. Ltd.
• Sabinsa Corporation
• Star Hi Herbs Pvt. Ltd.
• SV Agrofood
• Synthite Industries Ltd.
• Wacker Chemie AG

Curcumin Market Report Segmentation:

By Application:

• Food and Beverages
  • Bakery and Confectionery
  • Beverages
  • Dairy Products
  • Others
• Pharmaceuticals
• Cosmetics
• Others

Pharmaceuticals represent the largest segment due to the rising focus on treating inflammatory conditions, such as arthritis and inflammatory bowel disease.

Regional Insights:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

North America enjoys a leading position in the curcumin market, which can be attributed to the increasing need for dietary supplements among individuals.   

Global Curcumin Market Trends:

The rising utilization of curcumin in functional F&B products is supporting the market growth. In addition, consumers are seeking products that offer health benefits beyond basic nutrition. Curcumin is known for enhanced versatility and has health-promoting properties, making it an attractive ingredient for manufacturers looking to enhance the functional appeal of their products. Curcumin finds applications across a wide range of functional food categories, ranging from fortified beverages to functional snacks and supplements. Besides this, key players are introducing innovative formulations that cater to specific health concerns of individuals.

Furthermore, curcumin is widely used in nutraceutical products, including dietary supplements and herbal remedies, which is bolstering the market growth.

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