Curcumin Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR44137
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The curcumin market has the potential to grow by USD 40.39 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 10.02%.

This curcumin market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (pharmaceutical, food, cosmetics, and others) and geography (North America, Europe, APAC, MEA, and South America). The curcumin market report also offers information on several market vendors, including Arjuna Natural Pvt Ltd., Biomax Life Sciences Ltd., Enjayes Spices & Chemical Oils Ltd., Hebei Tianxu Biotech Co. Ltd, Herboveda India Pvt. Ltd., Konark Group, Sabinsa Corp., Star Hi Herbs Pvt Ltd., and Synthite Industries Pvt. Ltd. among others.

What will the Curcumin Market Size be in 2021?

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Curcumin Market: Key Drivers and Trends

The therapeutic properties propelling the demand for curcumin is notably driving the curcumin market growth, although factors such as uncertainty in raw material supply may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the curcumin industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • One of the key factors driving the growth of the curcumin market is the therapeutic properties propelling the global demand for curcumin.
  • The anti-oxidation, anti-inflammatory, and anti-cancer features make curcumin hi preferred in several end-user industries such as pharmaceuticals, food and beverage, and personal care.
  • The therapeutic properties with pharmacological security and minute cost will make curcumin a globally preferred dietary health supplement.
  • The increasing demand for cosmetics and personal care applications is another factor supporting the curcumin market share growth.
  • The consumption of cosmetic products is high in developed and developing regions due to increasing disposable income.
  • Curcumin is predominantly used in various personal care applications and is preferred because of its natural, herbal, and non-toxic nature.
  • The demand for cosmetic products and the growing amount of disposable income will boost the global curcumin market.

This curcumin market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Curcumin Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Arjuna Natural Pvt Ltd.
  • Biomax Life Sciences Ltd.
  • Enjayes Spices & Chemical Oils Ltd.
  • Hebei Tianxu Biotech Co. Ltd
  • Herboveda India Pvt. Ltd.
  • Konark Group
  • Sabinsa Corp.
  • Star Hi Herbs Pvt Ltd.
  • Synthite Industries Pvt. Ltd.

 

This statistical study of the curcumin market encompasses successful business strategies deployed by the key vendors. The curcumin market is fragmented and the vendors are deploying growth strategies such as making improvements through product innovation, price, operational cost, and product quality to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The curcumin market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Curcumin Market?

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32% of the market’s growth will originate from North America during the forecast period. The US is the key market for the curcumin market in North America. Market growth in this region will be slower than the growth of the market in other regions.

The rising consumption of herbal and organic pharmaceuticals in the region will facilitate the curcumin market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Application Segments in the Curcumin Market?

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The curcumin market share growth by the pharmaceutical segment will be significant during the forecast period. Curcumin is one of the widely used phytochemical ingredients in pharmaceutical products. The rising consumption of herbal and ayurvedic pharmaceutical products and versatile therapeutic properties of curcumin are expected to propel the product demand. The demand for immunity-enhancing pharmaceuticals in the global curcumin market increased in 2020 as they help improve the body's immunity. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the curcumin market size and actionable market insights on post COVID-19 impact on each segment.

 

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What are the Key Factors Covered in this Curcumin Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive curcumin market growth during the next five years
  • Precise estimation of the curcumin market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the curcumin industry across North America, Europe, APAC, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of curcumin market vendors

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Curcumin Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 10.02%

Market growth 2021-2025

$ 40.39 million

Market structure

Fragmented

YoY growth (%)

7.94

Regional analysis

North America, Europe, APAC, MEA, and South America

Performing market contribution

North America at 32%

Key consumer countries

US, India, Germany, Iran (Islamic Republic of Iran), and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Arjuna Natural Pvt Ltd., Biomax Life Sciences Ltd., Enjayes Spices & Chemical Oils Ltd., Hebei Tianxu Biotech Co. Ltd, Herboveda India Pvt. Ltd., Konark Group, Sabinsa Corp., Star Hi Herbs Pvt Ltd., and Synthite Industries Pvt. Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The curcumin market growth will increase by $32.11 million during 2019-2024.
The curcumin market is expected to grow at a CAGR of 8.83% during 2019-2024.
Technavio has segmented the curcumin market by application (Pharmaceutical, Food, Cosmetics, and Others) and geographic (North America, Europe, APAC, MEA, and South America).
Arjuna Natural Pvt Ltd., Biomax Life Sciences Ltd., HINDUSTAN MINT & AGRO PRODUCTS Pvt Ltd., SV Agrofood, Synthite Industries Pvt. Ltd., Herboveda India Pvt. Ltd., Sabinsa Corp., Naturite Agro Products Ltd., Rosun Natural Products Pvt. Ltd., Wacker Chemie AG are a few of the key vendors in the curcumin market.
North America will register the highest growth rate of 31.49% among the other regions. Therefore, the curcumin market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • India
  • Germany
  • Iran (Islamic Republic of Iran)
  • UK
The key factors driving the curcumin market growth are:
  • Therapeutic properties propelling the demand of curcuminc
  • Demand for products that combat the signs of aging
The curcumin market vendors should focus on grabbing business opportunities from the pharmaceutical segment as it accounted for the largest market share in the base year.
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