The curcuma longa (turmeric) root extract market is likely to register a CAGR of 8.5% during the forecast period, and is anticipated to reach a market share of US$ 178.32 million by 2032, from US$ 78.87 million in 2022.
In India, the curcuma longa (turmeric) root extract is used to treat various skin-related conditions such as eczema, aches, digestive problems, and pains.
Curcuma longa (turmeric) root extract contains the active ingredient which has antioxidant, anti-inflammatory, and antimicrobial properties.
In the personal care industry, curcuma longa (turmeric) root extract is used in skincare, hair care, oral care, and nail care. Curcuma longa is a plant native to Asia region, especially India.
It is cultivated widely in India, China, Pakistan, Haiti, Taiwan, Nigeria, Bangladesh, Peru, Indonesia, Malaysia, and Thailand. In most of the countries, curcuma longa is used as a spices and flavoring agent for food preparations.
Since ancient times, curcuma longa has also been used as an herbal remedy for the treatment of various disorders due to its wide range of pharmacological activities.
Due to the unique properties of curcuma longa such as antioxidant, anti-inflammatory, hepatoprotective, antimicrobial, and anticarcinogenic personal care companies including curcuma longa (turmeric) root extract into their cosmetics portfolio to offer natural products. Turmeric is produced from the root of curcuma longa plant.
Curcuma longa (turmeric) root extract has antibacterial, decongestant features, and improves skin circulation. In skincare products, curcuma longa (turmeric) root extract helps in protecting skin against wrinkles, premature skin aging, and skin impurities owing to the presence of natural antioxidant.
Moreover, in the haircare application curcuma longa (turmeric) root extract helps in increasing density, volume, and beauty of hair with regular use. Curcuma longa (turmeric) root extract is also used in anti-dandruff products.
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Reasons for Covering Curcuma Longa (Turmeric) Root Extract Market Title
Consumers are demanding more from their personal care products. They are influenced by growing natural, health-consciousness, and treatment trends impacting the consumer buying behavior and overall beauty industry. Nowadays, consumers are rapidly inclining towards naturally derived beauty products.
Consumers, mainly millennials, are emphasizing more towards a healthy lifestyle and proactive in learning the value proposition of personal care products. These above mention factors influencing the growth of the curcuma longa (turmeric) root extract market in the near future.
Also, growing demand for herbal products, rise in consumer awareness regarding use of chemicals in cosmetics, and increasing personal grooming among consumers are some other factors fueling the growth of the curcuma longa (turmeric) root extract market during the forecast period.
However, side effects associated with products such as discomfort and allergy is one such factor that may hamper the growth of the global curcuma longa (turmeric) root extract market.
Increasing application of curcuma long (turmeric) root extract in personal care and cosmetics industry along with expanding mergers and acquisition activities among players are predicted to create the substantial potential for curcuma longa (turmeric) root extract market in the near future.
Global Curcuma Longa (Turmeric) Root Extract Market: Regional Outlook
The curcuma longa (turmeric) root extract market is anticipated to register significant growth across all the regions during the forecast period. The curcuma longa (turmeric) root extract market is classified into seven key areas: North America, Europe, Latin America, East Asia, South Asia, Oceania, and the Middle East & Africa.
South Asia region is expected to be the leading markets in the global curcuma longa (turmeric) root extract market followed by East Asia owing to high demand for healthy products, high consumption of curcuma longa (turmeric) root extract, and presence of key players in the region.
North America and Europe curcuma longa (turmeric) root extract market are expected to account healthy CAGR during the forecast period owing to the rise in demand for curcuma based ayurvedic skincare products in the region.
MEA is projected to be the most lucrative region in the global curcuma longa (turmeric) root extract market owing to increasing market penetration by prominent players along with expanding collaborations and strategic partnership with local players in the region.
Oceania region is likely to offer attractive opportunity in the global curcuma longa (turmeric) root extract market in the coming years. Attributed to rising in consumer desire for natural cosmetics and high potential customers in the region.
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Global Curcuma Longa (Turmeric) Root Extract Market: Key Players
Some of the key players operating in the global curcuma longa (turmeric) root extract market are The Lubrizol Corporation, FLAVEX Naturextrakte GmbH, GfN & Selco, Evonik Nutrition & Care GmbH, Radiant Inc., Chemyunion, Salicylates and Chemicals Pvt. Ltd., and others.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
The report covers exhaustive analysis on
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Regional analysis includes
- Malaysia
- Thailand
- Vietnam
- Philippines
- Indonesia
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors, along with market attractiveness within the segments.
Global Curcuma Longa (Turmeric) Root Extract Market: Segmentation
On the basis of nature, the global curcuma longa (turmeric) root extract market has been segmented as –
- Organic
- Natural
On the basis of the price range, the global curcuma longa (turmeric) root extract market has been segmented as –
- High
- Medium
- Low
On the basis of application, the global curcuma longa (turmeric) root extract market has been segmented as –
- Food & Beverages
- Pharmaceutical
- Personal Care & Cosmetics
- Skincare
- Hair Care
- Oral Care
- Nail Care
- Others
- Other Applications
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