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Global Curcumin Market by Application (Cosmetics, Pharmaceutical, Food) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: FFA-69762
  • Author: Up Market Research
  • Rating: 4.9
  • Total Reviews: 79
  • No. Of Pages: 243
  • Format:
  • Pub. Date: 2021-10-14
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Summary of the Report

Global curcumin market was worth USD 58,199.4 million in 2020. It is projected to grow at a compound annual rate (CAGR), of 16.1% between 2020 and 2028. The inherent properties of curcumin, including its anti-cancer, antioxidant and anti-inflammatory qualities, have contributed to this growth. It is widely used in skin care applications such as the prevention of ringworms and eye infection, leech bites. Sore skin, bruising and swelling are all possible. This will drive the market's growth over the forecast period. Curcumin, a active ingredient in turmeric and ginger, is commonly extracted. Turmeric, which is known for its healing properties, is widely used in South East Asian countries as a food ingredient and in medical products.

The product demand will rise in other regions of the globe due to increasing awareness about the health benefits and rising medicinal value. The forecast period will see a shift in consumer trends as well as a rise in awareness about the health benefits of organic and natural ingredients used in food, cosmetics and medical applications.

The traditional therapeutic uses of curcumin are what drive its use in the pharmaceutical industry. Curcumin is both hydrophobic, lipophilic, and has been used extensively in the pharmaceutical industry. Diverse researches are underway to explore the possibility of using different nanoparticles (dendrimers, polymeric and nanogels) to deliver curcumin to treat cancer and other neurological disorders. It has been shown to have many health benefits, including the potential to prevent several diseases such as Alzheimer's and coronary heart disease.

The market was affected by the COVID-19 pandemic. The growing demand for curcumin to treat viral infections around the world is expected to continue to grow. This is in keeping with the expected exponential growth of the market over the forecast period. Curcumin is a natural ingredient that has been extensively researched for its antiviral qualities. It also has a variety of therapeutic properties such as anti-microbial and anti-inflammatory properties.

Due to increasing awareness about the product's medicinal properties and other health benefits, the U.S. has seen a significant increase in product demand in the last few years. It is also used in tissue Engineering. Companies are now investing more in research to expand its use in the pharmaceutical industry, mainly because it is non-toxic. These research findings are well known by consumers in developed countries, so high demand can be expected from countries like the U.S., Denmark and Germany.

Application Insights

With a revenue share greater than 51%, the pharmaceutical application segment led market in 2020. This segment is expected to grow at a faster CAGR of 5% between 2020 and 2028. Curcumin has been used for centuries in traditional Asian herbal remedies to relieve inflammation and infections. Over the forecast period, cosmetics applications will experience significant growth. Its anti-inflammatory, antioxidant, and anti-aging properties are the main reasons for its widespread use in cosmetic applications. The skin can become irritated by UV radiations.

These free radicals can also cause visible signs of photo-aging, including hyperpigmentation, wrinkles and loss in skin firmness. These effects can be reduced by using curcumin-infused products. Brand owners in the cosmetic and personal care verticals are increasingly incorporating it as an ingredient. The market will see increased awareness and consumer preference for organically-produced products. Due to wide product use as food additives, the food application segment will see the second highest CAGR of 16.0% during the forecast period.

Regional Insights

The fastest CAGR in Europe is 16.7% over the forecast period. The well-established cosmetics and personal care industry in Western European countries like Spain, Germany, Italy, and Italy is a major driver of the market. Due to high demand for food and nutritional supplement, North America had the largest revenue share in 2020. North America is home to many premium cosmetic brands. These companies are more inclined to use organic ingredients in their products which in turn provides growth opportunities for the market.

Asia Pacific will see the second fastest CAGR during the forecast period. This is mainly due to the lower awareness of curcumin in the region. Brand owners have a unique opportunity to educate consumers and launch products that cater to regional demand. Regional market growth will also be driven by the rising demand for herbal and ayurvedic personal care products.

Market Share Insights & Key Companies

Global market is competitive and fragmented. Its main driver is its application in the nutraceuticals or cosmetics industries. The product is made from ginger and turmeric. Production plants must be located near the source of raw material to lower the cost and eliminate logistical strains. India accounts for 78% of global production of turmeric. More companies are focusing on setting up production facilities in India. In the next few years, the market will be strengthened by the favorable regulatory regimes as well as the supportive government policies. The following are some of the major players in the global curcumin industry:

  • 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 Private Limited Ltd.

  • Helmigs Prima Sehejtera P.T.

  • Tri Rahardja PT/Javaplant

  • Konark Herbals & Healthcare

  • Rosun Natural Products Pvt. Ltd.

  • SabinsaCorp.

Up Market Research published a new report titled “Curcumin Market research report which is segmented by Application (Cosmetics, Pharmaceutical, Food), By Players/Companies WackerChemie AG, Arjuna Natural Extracts Ltd, BioMaxLifesciences Ltd, Synthite Industries Ltd, SV Agrofood, Tri Rahardja PT/Javaplant, Konark Herbals & Healthcare, Hindustan Mint & Agro Products Pvt Ltd, Rosun Natural Products Pvt Ltd, SabinsaCorp, Herboveda India Pvt Ltd, Star Hi Herbs Pvt Ltd, Helmigs Prima Sehejtera PT”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

Report AttributesReport Details
Report TitleCurcumin Market Research Report
By ApplicationCosmetics, Pharmaceutical, Food
By CompaniesWackerChemie AG, Arjuna Natural Extracts Ltd, BioMaxLifesciences Ltd, Synthite Industries Ltd, SV Agrofood, Tri Rahardja PT/Javaplant, Konark Herbals & Healthcare, Hindustan Mint & Agro Products Pvt Ltd, Rosun Natural Products Pvt Ltd, SabinsaCorp, Herboveda India Pvt Ltd, Star Hi Herbs Pvt Ltd, Helmigs Prima Sehejtera PT
Regions CoveredNorth America, Europe, APAC, Latin America, MEA
Base Year2020
Historical Year2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year2028
Number of Pages243
Number of Tables & Figures171
Customization AvailableYes, the report can be customized as per your need.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Curcumin Industry Outlook

Global Curcumin Market Report Segments:

The market is segmented by Application (Cosmetics, Pharmaceutical, Food).

Curcumin Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Curcumin Market

Overview of the regional outlook of the Curcumin Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Curcumin Market Overview

Highlights of The Curcumin Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Curcumin Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
        6. By Application:

                1. Cosmetics

                2. Pharmaceutical

                3. Food

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Curcumin Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Curcumin Market Trends

Reasons to Purchase the Curcumin Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Curcumin Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Curcumin Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Curcumin Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Curcumin Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Curcumin Market Size & Forecast, 2018-2028 
      4.5.1 Curcumin Market Size and Y-o-Y Growth 
      4.5.2 Curcumin Market Absolute $ Opportunity 

Chapter 5 Global Curcumin Market Analysis and Forecast by Application
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Application
      5.1.2 Basis Point Share (BPS) Analysis by Application
      5.1.3 Absolute $ Opportunity Assessment by Application
   5.2 Curcumin Market Size Forecast by Application
      5.2.1 Cosmetics
      5.2.2 Pharmaceutical
      5.2.3 Food
   5.3 Market Attractiveness Analysis by Application

Chapter 6 Global Curcumin Market Analysis and Forecast by Region
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Region
      6.1.2 Basis Point Share (BPS) Analysis by Region
      6.1.3 Absolute $ Opportunity Assessment by Region
   6.2 Curcumin Market Size Forecast by Region
      6.2.1 North America
      6.2.2 Europe
      6.2.3 Asia Pacific
      6.2.4 Latin America
      6.2.5 Middle East & Africa (MEA)
   6.3 Market Attractiveness Analysis by Region

Chapter 7 Coronavirus Disease (COVID-19) Impact 
   7.1 Introduction 
   7.2 Current & Future Impact Analysis 
   7.3 Economic Impact Analysis 
   7.4 Government Policies 
   7.5 Investment Scenario

Chapter 8 North America Curcumin Analysis and Forecast
   8.1 Introduction
   8.2 North America Curcumin Market Size Forecast by Country
      8.2.1 U.S.
      8.2.2 Canada
   8.3 Basis Point Share (BPS) Analysis by Country
   8.4 Absolute $ Opportunity Assessment by Country
   8.5 Market Attractiveness Analysis by Country
   8.6 North America Curcumin Market Size Forecast by Application
      8.6.1 Cosmetics
      8.6.2 Pharmaceutical
      8.6.3 Food
   8.7 Basis Point Share (BPS) Analysis by Application 
   8.8 Absolute $ Opportunity Assessment by Application 
   8.9 Market Attractiveness Analysis by Application

Chapter 9 Europe Curcumin Analysis and Forecast
   9.1 Introduction
   9.2 Europe Curcumin Market Size Forecast by Country
      9.2.1 Germany
      9.2.2 France
      9.2.3 Italy
      9.2.4 U.K.
      9.2.5 Spain
      9.2.6 Russia
      9.2.7 Rest of Europe
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 Europe Curcumin Market Size Forecast by Application
      9.6.1 Cosmetics
      9.6.2 Pharmaceutical
      9.6.3 Food
   9.7 Basis Point Share (BPS) Analysis by Application 
   9.8 Absolute $ Opportunity Assessment by Application 
   9.9 Market Attractiveness Analysis by Application

Chapter 10 Asia Pacific Curcumin Analysis and Forecast
   10.1 Introduction
   10.2 Asia Pacific Curcumin Market Size Forecast by Country
      10.2.1 China
      10.2.2 Japan
      10.2.3 South Korea
      10.2.4 India
      10.2.5 Australia
      10.2.6 South East Asia (SEA)
      10.2.7 Rest of Asia Pacific (APAC)
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Asia Pacific Curcumin Market Size Forecast by Application
      10.6.1 Cosmetics
      10.6.2 Pharmaceutical
      10.6.3 Food
   10.7 Basis Point Share (BPS) Analysis by Application 
   10.8 Absolute $ Opportunity Assessment by Application 
   10.9 Market Attractiveness Analysis by Application

Chapter 11 Latin America Curcumin Analysis and Forecast
   11.1 Introduction
   11.2 Latin America Curcumin Market Size Forecast by Country
      11.2.1 Brazil
      11.2.2 Mexico
      11.2.3 Rest of Latin America (LATAM)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Latin America Curcumin Market Size Forecast by Application
      11.6.1 Cosmetics
      11.6.2 Pharmaceutical
      11.6.3 Food
   11.7 Basis Point Share (BPS) Analysis by Application 
   11.8 Absolute $ Opportunity Assessment by Application 
   11.9 Market Attractiveness Analysis by Application

Chapter 12 Middle East & Africa (MEA) Curcumin Analysis and Forecast
   12.1 Introduction
   12.2 Middle East & Africa (MEA) Curcumin Market Size Forecast by Country
      12.2.1 Saudi Arabia
      12.2.2 South Africa
      12.2.3 UAE
      12.2.4 Rest of Middle East & Africa (MEA)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Middle East & Africa (MEA) Curcumin Market Size Forecast by Application
      12.6.1 Cosmetics
      12.6.2 Pharmaceutical
      12.6.3 Food
   12.7 Basis Point Share (BPS) Analysis by Application 
   12.8 Absolute $ Opportunity Assessment by Application 
   12.9 Market Attractiveness Analysis by Application

Chapter 13 Competition Landscape 
   13.1 Curcumin Market: Competitive Dashboard
   13.2 Global Curcumin Market: Market Share Analysis, 2019
   13.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      13.3.1 WackerChemie AG
      13.3.2 Arjuna Natural Extracts Ltd
      13.3.3 BioMaxLifesciences Ltd
      13.3.4 Synthite Industries Ltd
      13.3.5 SV Agrofood
      13.3.6 Tri Rahardja PT/Javaplant
      13.3.7 Konark Herbals & Healthcare
      13.3.8 Hindustan Mint & Agro Products Pvt Ltd
      13.3.9 Rosun Natural Products Pvt Ltd
      13.3.10 SabinsaCorp
      13.3.11 Herboveda India Pvt Ltd
      13.3.12 Star Hi Herbs Pvt Ltd
      13.3.13 Helmigs Prima Sehejtera PT
Segments Covered in the Report
The global Curcumin market has been segmented based on

By Application
  • Cosmetics
  • Pharmaceutical
  • Food
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • WackerChemie AG
  • Arjuna Natural Extracts Ltd
  • BioMaxLifesciences Ltd
  • Synthite Industries Ltd
  • SV Agrofood
  • Tri Rahardja PT/Javaplant
  • Konark Herbals & Healthcare
  • Hindustan Mint & Agro Products Pvt Ltd
  • Rosun Natural Products Pvt Ltd
  • SabinsaCorp
  • Herboveda India Pvt Ltd
  • Star Hi Herbs Pvt Ltd
  • Helmigs Prima Sehejtera PT

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