Global Curcumin Market Insights Forecasts to 2033

• The Global Curcumin Market Size was Valued at USD 80.63 Billion in 2023
• The Market Size is Growing at a CAGR of 9.86% from 2023 to 2033
• The Worldwide Curcumin Market Size is Expected to Reach USD 206.45 Billion by 2033
• North America Market is expected to Grow the fastest during the forecast period

The Global Curcumin Market Size is Anticipated to Exceed USD 206.45 Billion by 2033, Growing at a CAGR of 9.86% from 2023 to 2033.

Market Overview

Curcumin is a natural dyestuff that is found in the root of the golden spice turmeric (Curcuma Longa) providing multiple health benefits. It exhibits the functional role as a metabolite, anti-inflammatory agent, antineoplastic agent, hepatoprotective agent, flavoring agent, biological pigment, nutraceutical, antifungal agent, dye, a lipoxygenase inhibitor thus widely used for the treatment and supportive care of clinical conditions like proteinuria, breast cancer, multiple myeloma, depression, and Non-Small Cell Lung Cancer (NSCLC). Curcumin has shown good tolerability and safety profile from the clinical trials of curcuminoids, at doses between 4000 and 8000 mg/day and doses up to 12,000 mg/day of 95% concentration. Thus, curcuminoids have been approved as “Generally Recognised As Safe” by the US Food and Drug Administration. There is a rising demand for curcumin in skin care products due to its anti-inflammatory and antioxidant properties. Additionally, it has anti-aging properties and reduces skin sagging, thus used as a natural substitute for many synthetic antioxidants found in supplements and beauty products. Various research is also underway to use different nanoparticles, such as dendrimers, polymeric nanoparticles, and nanogels, as vehicles to deliver curcumin in the treatment of cancer and therapy of various neurological diseases.

Report Coverage

This research report categorizes the market for the global curcumin market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global curcumin market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global curcumin market.

Driving Factors

Curcumin has wide applications as anti-cancer, anti-oxidant, and anti-inflammatory properties thus driving the market in the medical sector. It has wide application in skin care products to prevent skin ailments like ringworms, eye infections, leech bites, sore skin, bruising, and swelling which is expected to drive the market. The rising awareness among consumers regarding the health benefits of curcumin and the research findings augment the market demand in countries like the US, Denmark, and Germany. Further, growing consumer inclination towards vegetarians and herbs for using turmeric-based food products likely to grow the market. 

Restraining Factors

Availability of low-cost substitutes including natural spices, such as mustard powder as natural food additives restraining the demand for curcumin. America and Europe are heavily dependent on Asia-Pacific countries like China, India, Myanmar, and Bangladesh. Thus, alteration in the geo-political scenario will strain the supply chain and further hamper the market.  For manufacturing pharmaceuticals and dyes. The recent rise in demand for turmeric products has resulted in a gap between supply and demand in curcumin market.

Market Segmentation

The global curcumin market share is classified into nature, and application.

• The conventional segment is expected to hold the largest share of the global curcumin market during the forecast period.   

Based on the nature, the global curcumin market is categorized into organic, and conventional. Among these, the conventional segment is expected to hold the largest share of the global curcumin market during the forecast period. The ease of availability and low cost of conventional curcumin products. The higher yield of the conventional segment as compared to organic with consistent quality drives the curcumin market in this segment.

• The pharmaceuticals segment is expected to grow at the fastest CAGR during the forecast period.   

Based on the application, the global curcumin market is categorized into food & beverages, pharmaceuticals, cosmetics, and others. Among these, the pharmaceuticals segment is expected to grow at the fastest CAGR during the forecast period. The antioxidant, anti-inflammatory, and anti-cancer properties of curcumin make it a good ingredient to utilize in pharmaceutical industries. Additionally, the growing consumer inclination towards traditional medicine is expected to boost the curcumin market.

Regional Segment Analysis of the Global Curcumin Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is anticipated to hold the largest share of the global curcumin market over the predicted timeframe.

Asia Pacific is projected to hold the largest share of the global curcumin market over the forecast period. The growing demand for curcumin in the food & beverage industry in countries like India, China, and Bangladesh and demand for traditional medicine from India and China expanding the market growth. The increasing consumer awareness regarding traditional medicines thus increases consumption of curcumin leads to propel the market. Turmeric is widely consumed in the South East Asian countries in both food and medical products due to its therapeutic properties.

North America is expected to grow at the fastest CAGR growth of the global curcumin market during the forecast period. The expanding pharmaceutical industry and food & beverage sector in the region and rising awareness about new organic curcumin and ranges of natural products launched in the market augmenting the curcumin market. In addition, the rising inclination towards natural products is also expected to enhance the market.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global curcumin market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Biomax Life Sciences Ltd.
• Konark Herbals and Health Care Pvt. Ltd.
• Arjuna Natural Pvt. Ltd.
• Hindustan Mint & Agro Products Pvt. Ltd.
• SV Agrofood
• Kothari Phytochemicals & Industries Ltd.
• Herboveda India Pvt. Ltd.
• WackerChemie AG
• Synthite Industries Ltd.
• Star Hi Herbs Pvt. Ltd.
• SabinsaCorp.
• Helmings Prima Sehejtera PT
• Tri Rahardja PT/Javaplant
• Sydler Group of Companies
• Vidya Herbs Pvt. Ltd.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In In February 2023, Herbalife incorporated nanotechnology for the development of a new curcumin-based supplement, which recently debuted in Indonesia.

• In September 2022, NextEvo launched Revive CBD complex curcumin and Hemp extract to its line of water-soluble CBD products, formulated and clinically proven to maximize absorption.

• In September 2021, OmniActive Health Technologies (OmniActive) announced the launch of its highly anticipated Curcuwin Ultra+, which is the latest addition to the company’s branded, highly bioavailable curcumin portfolio.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global curcumin market based on the below-mentioned segments: 

Global Curcumin Market, By Nature

• Organic
• Conventional

Global Curcumin Market, By Application

• Food & beverages
• Pharmaceuticals
• Cosmetics
• Others

Global Curcumin Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa