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

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?

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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?

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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?

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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	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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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

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