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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 share is expected to increase by USD 40.39 million from 2020 to 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 curcumin market segmentation by application (pharmaceutical, food, cosmetics, and others) and geography (North America, Europe, APAC, South America, and MEA). 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., SV Agrofood , and Synthite Industries Pvt. Ltd. among others.

What will the Curcumin Market Size be During the Forecast Period?

Curcumin Market Size

Download the Free Report Sample to Unlock the Curcumin Market Size for the Forecast Period and Other Important Statistics

 

Curcumin Market: Key Drivers, Trends, and Challenges

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.

Key Curcumin Market Driver

The therapeutic properties propelling the demand for curcumin are one of the key factors driving the growth of the global curcumin market. Curcumin is highly popular among consumers because of its therapeutic properties such as anti-oxidation, anti-inflammatory, and anti-cancer. These properties make curcumin preferred in several end-user industries such as pharmaceuticals, food and beverage, and personal care. Curcumin helps in regulating various transcription factors of the body, such as protein kinases, cytokines, redox status, adhesion molecules, and enzymes. Curcumin has anti-inflammatory properties and mitigates the possibility of inflammation caused by diseases. Inflammation plays a significant role in various chronic diseases such as cardiovascular, metabolic, pulmonary, autoimmune, neoplastic, and neurodegenerative diseases. Curcumin also supports the prevention and cure of chronic pro-inflammatory diseases. Curcumin is favored because of its antioxidant properties. Oxidative damage to proteins and DNA and free radical-based peroxidation of membrane lipids are a cause of atherosclerosis, cancer, and neurodegenerative diseases. Curcumin plays a significant role in such compulsive diseases. The phenolic nature of curcumin stimulates antioxidant properties.

Key Curcumin Market Trend

The demand for products that combat the signs of aging will fuel the global curcumin market growth. The demand for anti-aging products has increased in recent times. While the male consumer base is smaller than the female consumer base for this market, the former exhibits a high growth potential. Curcumin is widely used as an anti-aging agent due to its efficient antioxidant and anti-inflammatory properties. Technavio expects global anti-aging products to witness significant growth during the forecast period. Over the span of 2012-2050, the US will likely register considerable growth in its aging population. By 2050, the population aged 65 years and above is expected to increase significantly. This is expected to drive the demand for new active ingredient formulations in anti-aging products over the forecast period. To address the growing demand for anti-aging products, new areas of interest, such as anti-aging skincare, are emerging. Vendors are now coming up with anti-aging skincare products manufactured with ingredients such as curcumin, green tea, ginger, honey, argan oil, and grape seed. The rising consumption of curcumin in anti-aging products is likely to influence market growth.

Key Curcumin Market Challenge

The uncertainty in raw material supply is a major challenge for the global curcumin market growth. The increase in the popularity of natural and organic food and cosmetic ingredients has prompted food, beverage, and cosmetic manufacturers to add natural and organic ingredients and additives to their products. The growing demand for natural raw materials from food, pharma, and cosmetic manufacturers has resulted in a shortage of raw materials, especially seasonal products such as turmeric extracts. Earlier, the limited availability of raw materials had restricted the adoption of turmeric by food and cosmetic manufacturers. However, the recent hike in demand for turmeric products has created a supply-demand gap in this area. Such a shortage of raw materials will eventually lead to bottlenecks in the manufacturing process. Strategic partnerships and alliances with raw material suppliers will become a critical factor in determining the success of organic cosmetic manufacturers. So, the demand-supply imbalance caused by the low availability of raw materials for curcumin is a challenge to the market. To mitigate the supply-demand issue, some of the vendors have vertically integrated their business operations from farming, processing, and packaging to distribution.

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.

Parent Market Analysis

Technavio categorizes the global curcumin market as a part of the global agricultural products market under the global food products market of the global food, beverage, and tobacco market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the curcumin market during the forecast period.

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.
  • SV Agrofood 
  • 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 organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Arjuna Natural Pvt Ltd. - The company offers BCM-95 (CURCUGREEN) which is 100% pure turmeric extract that boasts enhanced bio-availability and bio-efficacy.

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.

Curcumin Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the curcumin market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global food, beverage, and tobacco market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Curcumin Market?

Curcumin Market Share by Geography

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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 curcumin market in North America. Market growth in this region will be faster than the growth of the market in regions.

The therapeutic properties propelling the demand for curcumin 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.

COVID Impact and Recovery Analysis

In 2021, countries such as the US and Canada initiated the vaccination drives and successfully vaccinated almost 60% of the population by August 2021. This reduced the number of COVID-19 cases, which resulted in removing restrictions and reopening manufacturing units of cosmetics and food products, which boosted the demand for the curcumin market in North America.  However, in 2021, the initiation of large-scale vaccination drives?lifted the lockdown and travel restrictions, which led to the resumption of supply chain activities. Such factors are expected to drive the market during the forecast period.

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

Curcumin Market Share

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The curcumin market share growth in the Pharmaceutical segment will be significant during the forecast period. Curcumin is one of the widely used phytochemical ingredients in pharmaceutical products. It is preferred in pharmaceutical products due to its exceptional medicinal and phytonutrient properties. It is perceived that curcumin is a natural immune system booster and works as a preventive agent against several diseases.

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.

 

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, South America, and MEA

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

Key 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., SV Agrofood , 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 recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data 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, South America, and MEA
  • 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

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Agricultural Products

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 15: Application - Market share 2020-2025 (%)
    • 5.2 Comparison by Application
      • Exhibit 16: Comparison by Application
    • 5.3 Pharmaceutical - Market size and forecast 2020-2025
      • Exhibit 17: Pharmaceutical - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: Pharmaceutical - Year-over-year growth 2020-2025 (%)
    • 5.4 Food - Market size and forecast 2020-2025
      • Exhibit 19: Food - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: Food - Year-over-year growth 2020-2025 (%)
    • 5.5 Cosmetics - Market size and forecast 2020-2025
      • Exhibit 21: Cosmetics - Market size and forecast 2020-2025 ($ million)
      • Exhibit 22: Cosmetics - Year-over-year growth 2020-2025 (%)
    • 5.6 Others - Market size and forecast 2020-2025
      • Exhibit 23: Others - Market size and forecast 2020-2025 ($ million)
      • Exhibit 24: Others - Year-over-year growth 2020-2025 (%)
    • 5.7 Market opportunity by Application
      • Exhibit 25: Market opportunity by Application

    6 Customer landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 27: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 28: Geographic comparison
    • 7.3 North America - Market size and forecast 2020-2025
      • Exhibit 29: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 30: North America - Year-over-year growth 2020-2025 (%)
    • 7.4 Europe - Market size and forecast 2020-2025
      • Exhibit 31: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 32: Europe - Year-over-year growth 2020-2025 (%)
    • 7.5 APAC - Market size and forecast 2020-2025
      • Exhibit 33: APAC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 34: APAC - Year-over-year growth 2020-2025 (%)
    • 7.6 MEA - Market size and forecast 2020-2025
      • Exhibit 35: MEA - Market size and forecast 2020-2025 ($ million)
      • Exhibit 36: MEA - Year-over-year growth 2020-2025 (%)
    • 7.7 South America - Market size and forecast 2020-2025
      • Exhibit 37: South America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 38: South America - Year-over-year growth 2020-2025 (%)
    • 7.8 Key leading countries
      • Exhibit 39: Key leading countries
    • 7.9 Market opportunity by geography
      • Exhibit 40: Market opportunity by geography

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • Exhibit 41: Impact of drivers and challenges
      • 8.3 Market trends

        9 Vendor Landscape

        • 9.1 Overview
          • 9.2 Vendor landscape
            • Exhibit 42: Vendor landscape
          • 9.3 Landscape disruption
            • Exhibit 43: Landscape disruption
            • Exhibit 44: Industry risks

          10 Vendor Analysis

          • 10.1 Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 46: Market positioning of vendors
            • 10.3 Arjuna Natural Pvt Ltd.
              • Exhibit 47: Arjuna Natural Pvt Ltd. - Overview
              • Exhibit 48: Arjuna Natural Pvt Ltd. - Product and service
              • Exhibit 49: Arjuna Natural Pvt Ltd. - Key offerings
            • 10.4 Biomax Life Sciences Ltd.
              • Exhibit 50: Biomax Life Sciences Ltd. - Overview
              • Exhibit 51: Biomax Life Sciences Ltd. - Product and service
              • Exhibit 52: Biomax Life Sciences Ltd. - Key offerings
            • 10.5 Enjayes Spices & Chemical Oils Ltd.
              • Exhibit 53: Enjayes Spices & Chemical Oils Ltd. - Overview
              • Exhibit 54: Enjayes Spices & Chemical Oils Ltd. - Product and service
              • Exhibit 55: Enjayes Spices & Chemical Oils Ltd. - Key offerings
            • 10.6 Hebei Tianxu Biotech Co. Ltd
              • Exhibit 56: Hebei Tianxu Biotech Co. Ltd - Overview
              • Exhibit 57: Hebei Tianxu Biotech Co. Ltd - Product and service
              • Exhibit 58: Hebei Tianxu Biotech Co. Ltd - Key offerings
            • 10.7 Herboveda India Pvt. Ltd.
              • Exhibit 59: Herboveda India Pvt. Ltd. - Overview
              • Exhibit 60: Herboveda India Pvt. Ltd. - Product and service
              • Exhibit 61: Herboveda India Pvt. Ltd. - Key offerings
            • 10.8 Konark Group
              • Exhibit 62: Konark Group - Overview
              • Exhibit 63: Konark Group - Product and service
              • Exhibit 64: Konark Group - Key offerings
            • 10.9 Sabinsa Corp.
              • Exhibit 65: Sabinsa Corp. - Overview
              • Exhibit 66: Sabinsa Corp.- Product and service
              • Exhibit 67: Sabinsa Corp. - Key offerings
            • 10.10 Star Hi Herbs Pvt Ltd.
              • Exhibit 68: Star Hi Herbs Pvt Ltd. - Overview
              • Exhibit 69: Star Hi Herbs Pvt Ltd. - Product and service
              • Exhibit 70: Star Hi Herbs Pvt Ltd. - Key offerings
            • 10.11 SV Agrofood
              • Exhibit 71: SV Agrofood - Overview
              • Exhibit 72: SV Agrofood - Product and service
              • Exhibit 73: SV Agrofood - Key offerings
            • 10.12 Synthite Industries Pvt. Ltd.
              • Exhibit 74: Synthite Industries Pvt. Ltd. - Overview
              • Exhibit 75: Synthite Industries Pvt. Ltd. - Product and service
              • Exhibit 76: Synthite Industries Pvt. Ltd. - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Currency conversion rates for US$
                • Exhibit 77: Currency conversion rates for US$
              • 11.3 Research methodology
                • Exhibit 78: Research Methodology
                • Exhibit 79: Validation techniques employed for market sizing
                • Exhibit 80: Information sources
              • 11.4 List of abbreviations
                • Exhibit 81: List of abbreviations

              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
              Technavio

              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
              Technavio

              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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              Curcumin Market market growth will increase by $40.39 mn during 2021-2025.
              The curcumin market market is expected to grow at a CAGR of 10.02% during 2021-2025.
              Technavio has segmented the curcumin market market by application (pharmaceutical, food, cosmetics, and others) and geography (North America, Europe, APAC, South America, and MEA).
              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., SV Agrofood , Synthite Industries Pvt. Ltd. are a few of the key vendors in the curcumin market market.
              North America will register the highest growth rate of 32% among the other regions. Therefore, the curcumin market 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 market growth are:
              • Therapeutic properties propelling the demand for curcumin
              • Demand for products that combat the signs of aging
              The curcumin market market vendors should focus on grabbing business opportunities from the pharmaceutical segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis

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