Curcumin Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Application (Food colorant, Antioxidant, Anti-inflammation agent), By End-Use (Pharmaceutical, Food & Beverages, Cosmetic), And By Geography - Forecasts From 2019 to 2024
- Published : Jul 2020
- Report Code : KSI061614737
- Pages : 97
The curcumin market is projected to grow at a CAGR of 4.53% to reach US$1,104.968 million in 2024 from US$846.869 million in 2018. Curcumin refers to a bright yellow phenolic compound that is the main constituent of turmeric powder, used as a food coloring and flavoring, and also as a dietary supplement. The anti-inflammatory and antioxidant properties of curcumin make it an ideal ingredient in several foods and medical applications. Multiple health benefits of curcumin and increased need for natural & organic supplements have lead to an increase in the demand for curcumin in the past few years, thus propelling the growth of the curcumin market. The inclusion of curcumin in ayurvedic as well as herbal nutritional supplements and skincare products is expected to increase the popularity and demand for curcumin in the coming years.
DRIVERS
Increasing application scope in the cosmetic and pharmaceutical industry.
Clinical utility of curcumin extract.
RESTRAINTS
Presence of less expensive synthetic food colorants.
Formulation challenges in curcumin-based items
Major industry players profiled as part of the report are Wacker Chemie AG, BioMax Life Sciences Ltd., SV Agrofood, Helmigs, Rosun Natural Products, Star Hi Herbs.
Curcumin Market Scope:
| Report Metric | Details |
| Market size value in 2018 | US$846.869 million |
| Market size value in 2024 | US$1,104.968 million |
| Growth Rate | CAGR of 4.53% from 2018 to 2024 |
| Base year | 2018 |
| Forecast period | 2019–2024 |
| Forecast Unit (Value) | USD Million |
| Segments covered | Application, End-Use, And Geography |
| Regions covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| Companies covered | Wacker Chemie AG, Bio Max Life Sciences Ltd., SV Agrofoods, Helmigs, Rosun Natural Products, Star Hi Herbs |
| Customization scope | Free report customization with purchase |
Segmentation
The curcumin market has been analyzed through the following segments:
- By Application
- Food colorant
- Antioxidant
- Anti-inflammation agent
- By end-use
- Pharmaceutical
- Food & Beverages
- Cosmetic
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- Germany
- France
- United Kingdom
- Others
- Middle East and Africa
- Israel
- South Africa
- Others
- Asia Pacific
- China
- Japan
- South Korea
- India
- Others
- North America
Frequently Asked Questions (FAQs)
Q1. What will be the curcumin market size by 2024?
A1. The curcumin market is projected to reach a total market size of US$1,104.968 million by 2024.
Q2. What are the growth prospects for curcumin market?
A2. The global curcumin market is projected to grow at a CAGR of 4.53% during the forecast period.
Q3. What is the size of global curcumin market?
A3. Curcumin market was valued at US$846.869 million in 2018.
Q4. What factors are anticipated to drive the curcumin market growth?
A4. Multiple health benefits of curcumin and increased need for natural & organic supplements have to lead to an increase in the demand for curcumin in the past few years, thus propelling the growth of the curcumin market.
Q5. Who are the major players in the global curcumin market?
A5. Major industry players profiled as part of the curcumin market report are Wacker Chemie AG, BioMax Life Sciences Ltd., SV Agrofood, Helmigs, Rosun Natural Products, Star Hi Herbs.
Wacker Chemie AG
Bio Max Life Sciences Ltd.
SV Agrofoods
Helmigs
Rosun Natural Products
Star Hi Herbs
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