The global market for Curcuma longa (turmeric) root extract is poised for remarkable growth, with projections indicating a compound annual growth rate (CAGR) of 8.5% from 2022 to 2032. The market is anticipated to reach a valuation of USD 178.32 million by 2032, up from USD 78.87 million in 2022.
Key Drivers of Curcuma Longa (Turmeric) Root Extract Market Growth
- Rising Health Awareness: Increasing recognition of turmeric’s medicinal properties for treating various health issues, including inflammation, arthritis, and digestive problems, is driving demand.
- Consumer Shift to Natural Ingredients: A growing preference for organic and natural components in skincare and personal care products is enhancing the market’s appeal, particularly among millennials.
- Expanding Applications: The versatility of turmeric root extract in food, cosmetics, and herbal remedies is expanding its market reach and applications.
- Increased Demand in Skincare: The rise in consumer interest in herbal and Ayurvedic skincare products is propelling sales, especially in North America.
- Nutritional Benefits: The extract’s rich nutrient profile, including essential minerals and omega-3 fatty acids, enhances its attractiveness as a health supplement.
- Consumer Education: Enhanced awareness and understanding of the benefits of using natural ingredients in personal care and health products are influencing purchasing behaviors positively.
- Rise of Skincare Startups: The proliferation of skincare startups focusing on natural and Ayurvedic products is driving innovation and expanding market presence, particularly in North America.
Regional Insights
- India: Leading in the consumption and production of Curcuma longa (turmeric) root extract, driven by traditional uses and growing health awareness.
- China: A significant player in the market, benefiting from high demand for turmeric in culinary and medicinal applications.
- Japan: Increasing interest in natural health products is contributing to rising sales of turmeric root extract.
- South Korea: Strong consumer inclination towards organic skincare products is boosting the demand for Curcuma longa extract.
Key companies profiled
The Lubrizol Corporation
FLAVEX Naturextrakte GmbH
GfN & Selco
Evonik Nutrition & Care GmbH
Radiant Inc.
Chemyunion
Salicylates and Chemicals Pvt. Ltd.
Tap into Expertise: Discuss with Our Analyst on Email: sales@futuremarketinsights.com
Key Segments Profiled in the Curcuma Longa (Turmeric) Root Extract Industry Survey
By Nature:
- Organic
- Natural
By Application:
- Food & Beverages
- Pharmaceutical
- Personal Care & Cosmetics
- Skincare
- Hair Care
- Oral Care
- Nail Care
- Other Applications
By Price Range:
- High
- Medium
- Low
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East and Africa
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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