Global Curcumin Market Scenario
Curcumin Market size is expected to reach USD 199.89 million by 2032, growing at a 16.67% CAGR during the forecast period. Curcumin is an ingredient used in the food & beverage and pharmaceuticals and nutraceuticals industries, among others. It helps in enhancing the existing flavor and color of products. The global curcumin market is expected to register an impressive CAGR during the forecast period owing to the rising health awareness among consumers. The increasing number of health-conscious people across the globe is boosting the demand for healthy and natural food ingredients, which, in turn, is driving the consumption of curcumin as a food additive. Additionally, increasing awareness of the ill-effects of excess consumption of artificial additives is a crucial determinant catalyzing market growth. Moreover, curcumin offers various medicinal benefits due to the presence of anti-cancer, antioxidant, and anti-inflammatory properties.
Stringent government regulations prohibiting the use of certain chemicals in food & beverage, medicine, and personal care products are expected to drive the adoption of curcumin in several industries
Segmentation
The global curcumin market has been segmented based on form, category, application, and region.
Based on form, the global curcumin market has been divided into liquid and powder.
On the basis of category, the global curcumin market has been classified as organic and conventional.
The global curcumin market has also been categorized, on the basis of application, as food & beverage, pharmaceuticals and nutraceuticals, and others.
The global curcumin market has been studied with regard to four key regions—North America, Europe, Asia-Pacific, and the rest of the world.
The North American curcumin market has further been segmented into the US, Canada, and Mexico. The European curcumin market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe. The curcumin market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The curcumin market in the rest of the world has been segmented into South America, the Middle East, and Africa.
Regional Market Summary
Asia-Pacific is expected to dominate the global curcumin market during the forecast period due to the increasing demand for healthy food ingredients in the region. The presence of prominent market players in Asia-Pacific is also expected to catalyze regional market growth. North America is expected to register the highest CAGR during the forecast period of 2019 to 2024 owing to the rising health awareness and growing presence of market players in the region.
Global Curcumin Market, by Form
Global Curcumin Market, by Category
Global Curcumin Market, by Application
Global Curcumin Market, by Region
Key Players in the Global Curcumin Market
Intended Audience
Curcumin producers/suppliers
Food manufacturers/processors
Pharmaceuticals and nutraceuticals manufacturers/processors
Food ingredient manufacturers
Raw material suppliers and distributors
Traders, exporters, and importers
Curcumin Market Highlights:
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