The Curcumin market is estimated to grow at an 11.3% CAGR between 2023 and 2033, from US$ 127.0 million in 2023 to US$ 369.2 million in 2033.
The curcumin market has experienced significant growth over the years due to increasing consumer awareness of its health benefits and growing demand for natural and herbal products. The market saw strong demand from various industries such as pharmaceuticals, food and beverages, cosmetics, and nutritional supplements.
In the pharmaceutical industry, curcumin is used as an ingredient in various pharmaceuticals and dietary supplements due to its potential health benefits. It has an anti-inflammatory effect and is thought to be effective for conditions such as arthritis, and is also expected to be used in cancer research.
In the food and beverage industry, curcumin is used as a natural coloring agent and flavor enhancer. It is commonly used in the production of sauces, dressings, dairy products, and beverages.
In the cosmetics industry, curcumin is used in skin care products for its antioxidant and anti-inflammatory properties. It is believed to have whitening and anti-aging effects.
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Curcumin use has lately increased, propelling the market forward due to rising health awareness, various health benefits of curcumin, and increased competition for organic and natural components.
Healthy lifestyles, increasing demand for organic foods and traditional Ayurvedic preparations, and improvements in pharmaceuticals and cosmetics containing curcumin all contribute to the growth of the global curcumin market. Analysts said the cosmetics business is expected to see modest growth as new products such as topical remedies, face care products and oils enter the market.
Curcumin Market Key Points
- From 2023 to 2033, the UK curcumin market from pharmaceutical applications was worth more than US$ 15.5 million, owing to an increased emphasis on the marketing of capsules/tablets that help with immune system, joint, and digestive health.
- The curcumin market in Asia Pacific is expected to increase at the second-fastest rate between 2023 and 2033. Because of the increased usage of turmeric in food goods, the region is expected to have higher demand.
- From 2017 to 2022, China, Japan, and South Korea increase at a CAGR of 16.8%, 15.6%, and 14.2%, respectively.
- With a value of US$ 130.8 million in 2022, North America was the largest regional market. Demand in this region is likely to be driven by rising demand for processed foods and curcumin-based health supplements.
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Recent Development
- February 2020: Arjuna Natural Pvt, Ltd., a Kerala-based curcumin manufacturer, announced a new product line of certified organic turmeric extracts, including clinically tested, bioavailable BCM-95 (Curcugreen). In addition to BCM-95 and Turmeric Extract 95%, Arjuna’s full range of water-dispersible, oil-dispersible, and customised turmeric extracts will be available.
- Sabinsa Corp. will showcase dispersible curcumin and functional grass components at Expo West in 2020. Sabinsa Corporation’s Curcumin C3 Power Liquid was named best functional beverage at Vitafoods Asia 2019 in Singapore.
- In July 2021, Vieroots Wellness Solutions has announced the launch of a unique product including Curcumin 95 and Medium-chain triglycerides (MCT) Oil. A powerful yet safe combination of MCT Oil and 95% pure curcumin has been developed to address the underlying causes of lifestyle disorders such as obesity, diabetes, hypertension, cardiovascular disease, and cancers.
- in September 2021, OmniActive Health Technologies will launch Curcuwin Ultra+, the newest supplement in its line of branded, extremely nutritious curcumin. Curcuwin Ultra+ is a natural alternative to assist joint and overall health benefits for on-the-go lifestyle habits, in addition to providing effectiveness at a low dose, synthesis flexibility, and outstanding organoleptic characteristics allowing for integration into challenging applications such as supplements and beverages.
- In 2019, Lipofoods, a functional food ingredient producer, launched Crushshine, a microencapsulated curcumin ingredient. The newly released product claims to be natural, vegan, and extremely soluble in nature. Crushshine is simply included into nutricosmetics and beauty drinks, which will expand its application areas.
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Curcumin Market by Key Category
By Nature:
- Organic
- Conventional
By Form:
- Powder
- Liquid
By Application:
- Heart Health
- Brain Health
- Stress/Anxiety Relief
- Anti-inflammation
- Antioxidant
- Flavouring & Colorant
By End-Use:
- Dietary Supplements
- Food Products
- Herbal & Medicinal Products
- Cosmetics
Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
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