Curcumin Market to Witness Growth at 16.1% CAGR During the Forecast Period 2022-2028

Posted on 2022-08-09 by researchinsights in Food & Beverage // 0 Comments

San Francisco, California , USA, Aug 09, 2022 — /EPR Network/ —

Curcumin Industry Overview

The global curcumin market size was valued at USD 58,199.4 thousand in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 16.1% from 2020 to 2028.

This growth can be credited to the inherent properties of the product, such as anti-cancer, anti-oxidant, and anti-inflammatory properties. It is also widely used in skin-care applications, including the prevention of ringworms, eye infection, leech bites, sore skin, bruising, and swelling among others, which, in turn, is expected to drive the growth of this market over the forecast period. Curcumin is an active ingredient commonly extracted from turmeric and ginger. Turmeric is widely consumed in the South East Asian countries in both food and medical products due to its therapeutic properties.

Gather more insights about the market drivers, restrains and growth of the Global Curcumin market

Increasing awareness among consumers about its health benefits and its increasing medicinal values will drive the product demand in other parts of the world. Shift observed in consumer trends and rising awareness about the benefits of using organic and natural ingredients in medical, cosmetics, and food applications will also augment the product demand during the forecast period.

Curcumin is hydrophobic and lipophilic and its application in the pharmaceutical industry is driven largely by its traditional therapeutic use. Various researches are 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. It is proven to have significant health benefits along with the potential to prevent various diseases including Alzheimer’s, coronary heart diseases, and cancer.

The COVID-19 pandemic affected the market to some extent. However, in line with the growing traction for curcumin for the treatment of viral infections across the globe, it is anticipated that the demand for curcumin is expected to quickly reach its pre-COVID level, and the market is expected to witness an exponential growth rate over the forecast period. It is one of the natural ingredients that have been widely researched due to its antiviral properties. Moreover, it exhibits a wide range of therapeutic properties, such as anti-microbial, cardioprotective, anti-inflammatory, and neuroprotective properties.

The U.S. has witnessed a rise in product demand over the past few years owing to the growing awareness among consumers about its medicinal properties and health benefits. The product also has significant usage in tissue engineering and companies are increasingly focused on investing in its research to extrapolate its application in the pharmaceutical industry majorly due to its non-toxicity. Consumers in developed economies are well aware of these research findings and hence high demands can be anticipated from the countries including the U.S., Denmark, and Germany.

Browse through Grand View Research’s Food Additives & Nutricosmetics Industry Research Reports.

Kaempferol Market – The global kaempferol market size was valued at USD 3.76 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 3.9% from 2022 to 2030.
Thiamine Market – The global thiamine market size was valued at USD 170.98 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 13.9% from 2022 to 2030.

Curcumin Market Segmentation

Grand View Research has segmented the global curcumin market on the basis of application, and region:

Curcumin Application Outlook (Volume, Tons; Revenue, USD Thousand, 2017 – 2028)
- Pharmaceutical
- Food
- Cosmetics
Curcumin Regional Outlook (Volume, Tons; Revenue, USD Thousand, 2017 – 2028)
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East & Africa (MEA)

Key Companies profiled:

Some prominent players in the global Curcumin market include

WackerChemie AG
BioMaxLifesciences Ltd.
Synthite Industries Ltd.
Hindustan Mint & Agro Products Pvt. Ltd.
Arjuna Natural Extracts Ltd.
SV Agrofood
Star Hi Herbs Pvt. Ltd.
Herboveda India Pvt. Ltd.
Helmigs Prima Sehejtera P.T.
Tri Rahardja PT/Javaplant
Konark Herbals & Healthcare
Rosun Natural Products Pvt. Ltd.
SabinsaCorp.

Order a free sample PDF of the Curcumin Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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