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The global curcumin market grew at a CAGR of around 9% during 2015-2020. Curcumin is a yellow-colored, naturally occurring bioactive compound commercially extracted from the dried rhizome of the turmeric plant. It is rich in zinc, magnesium, calcium, iron and potassium and has anti-inflammatory, anti-oxidative, anti-fungal and anti-bacterial properties. It is consumed for relieving pain and in the treatment of various medical ailments, such as jaundice, hemorrhage and hematuria. Curcumin also aids in minimizing fatigue, exhaustion and inflammation in the liver. It is also widely used as a yellow food colorant and additive in numerous food products. As a result, it finds extensive applications in the manufacturing of nutraceutical products and food and beverages.
The increasing prevalence of chronic medical ailments, such as osteoarthritis, obesity, cardiovascular diseases (CVDs), diabetes and cancer, is one of the key factors driving the growth of the market. Moreover, significant growth in the food and beverage, cosmetic and pharmaceutical industries is creating a positive outlook for the market. With the rising health consciousness among the consumers, there is an increasing demand for natural and organic curcumin for various medical applications. Curcumin is also used in the prevention of ringworms, eye infections, leech bites, sore skin, bruising and swelling on the skin. Additionally, the widespread adoption of curcumin in tissue engineering is also contributing to the market growth. Other factors, including the utilization of curcumin in the manufacturing of ayurvedic and herbal supplements, along with the increasing demand for natural food ingredients, are anticipated to drive the market further. Looking forward, IMARC Group expects the global curcumin market to exhibit strong growth during the next five years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global curcumin market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region and application.
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Arjuna Natural Pvt Ltd., Biomax Life Sciences Limited., Helmigs Prima Sehejtera, Herboveda India Pvt. Ltd., Hindustan Mint & Agro Products Pvt. Ltd., Konark Herbals & Healthcare, Rosun Natural Products Pvt. Ltd., Sabinsa Corporation, Star Hi Herbs Pvt. Ltd., SV Agrofood, Synthite Industries Ltd. and Wacker Chemie AG.
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