Posted By Uma Rajagopal
Posted on January 4, 2022
The global curcumin market size is projected to total US$ 95.6 Mn in 2021. As per Future Market Insights (FMI) analysis, the overall sales of curcumin will surpass US$ 279.3 Mn by 2031. Demand for curcumin is projected to grow by 11.3% CAGR over the forecast period, from 2021 to 2031.
According to the study, curcumin sales represented 3% to 5% of overall curcuminoids market in 2020. Demand for curcumin is likely to soar as consumers across the globe realize the health benefits of curcumin as a functional ingredient.
FMI predicts the U.S., India, Germany, and China to emerge as primary markets for curcumin sales. Of these, the U.S. curcumin market is expected to grow by 9.7% CAGR between 2021 and 2031.
Rising concerns regarding harmful effects of artificial ingredients in food products are spurring demand for clean label food products and ingredients. Consumer dissatisfaction with synthetic food products is compelling food manufacturers to incorporate natural and plant-based ingredients for flavor and color.
Get more Insights Analysis on this Curcumin Market@ https://www.futuremarketinsights.com/reports/sample/rep-gb-14133
Concerns about side effects of synthetic and chemicals additives used in food and beverages, cosmetics and personal care products, and pharmaceuticals are driving demand for natural alternatives. Natural and plant-based ingredients contain more beneficial nutrients than synthetic supplements.
Rising consumer preference for natural personal care products is expected to spur demand for curcumin in the forthcoming years. Increasing awareness about benefits of organic ingredients are compelling manufacturers to use different types of natural ingredients found consumables.
As a result, manufacturers are focusing on launching new curcumin supplements with enhanced benefits in order to expand their product offerings and customer base. Curcumin continues to be one of the most important ingredient in the Indian spice industry. However, several studies have indicated its application in the nutraceutical industry. As per Nutrition Business Journal, curcumin was among one of the top ten bestselling supplements in 2016.
“Increasing adoption of curcumin in the packaged food industry as a natural colorant, along with rising demand for curcumin in the personal care and cosmetics industry for its anti-inflammatory benefits will continue augmenting growth of the global curcumin market through 2031,” says an FMI analyst.
The primary function of curcumin is as an anti-inflammatory agent and an antioxidant, indicating functional health benefits in the nutraceutical market. The anti-inflammatory properties of curcumin help in treating joint pain and arthritis, diabetes, Alzheimer’s and other forms of dementia.
Get Customization on this Report for Specific Country: https://www.futuremarketinsights.com/customization-available/rep-gb-14133
The use of natural skincare products improves skin texture, tone, and appearance due to the presence of nutrients that are beneficial for skin health. Curcumin extracts are primarily used in skincare products due to their pigmentation inhibition antimicrobial activity and antioxidant capacity, all of which help to prevent various skin diseases.
Increasing awareness regarding benefits of natural ingredients used in cosmetics and personal care products expected to propel demand for curcumin over the forecast period.
Key Takeaways:
- The U.S. is estimated to account for more than 79.0% of the North American market in 2021, supported by increased consumption of curcumin-derived protein products.
- China is estimated to account for over half of sales registered in the East Asia market share in 2021.
- Germany is expected to dominate the Europe curcumin market, holding 16.3% of the total market share in 2021.
- India will emerge as an attractive curcumin market, commanding over 45.2% of sales registered in South Asia in 2021.
- Curcumin applications as an antioxidant are estimated to hold nearly one-third of the total curcumin market share in 2021.
Contact Sales for Further Assistance in Purchasing this Report- https://www.futuremarketinsights.com/checkout/14133
Competitive Landscape
Key players operating in the global curcumin market are focusing on production facility expansion to cater to growing demand for natural and organic ingredients. Apart from this, manufacturers are implementing various strategies such as marketing and promotional activities, strengthening distribution channel and adopting sustainable production to gain a competitive edge.
Some of the leading companies offering curcumin are BioMax Life Sciences, Herboveda India Pvt Ltd., Hebei Tianxu Biotech Co. Ltd., JIAHERB Inc., Synthetic Industries Ltd., BioThrive Science, Sabinsa Corporation, The Green Labs LLC., WackerChemie AG, Hindustan Mint & Agro Products Pvt Ltd, Helmings Prima Sehejtera P.T, Arjuna Natural Extracts Ltd., SMP Nutra, SV Agrofoods, Star Hi Herbs Pvt Ltd. and others.
Key Questions Answered in the Report
- What is the current value of the global curcumin market?
- At what rate did the global curcumin market grow between 2016 and 2020?
- What are the key trends boosting curcumin sales?
- What is the total share of top 5 players operating in the global curcumin market?
- Which are the major countries driving demand for curcumin?
- What will be the demand outlook for curcumin in East Asia?
- At what rate will the U.S. curcumin market grow?
Contact Us:
Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: [email protected]
For Media Enquiries: [email protected]
Website: https://www.futuremarketinsights.com
The global curcumin market size is projected to total US$ 95.6 Mn in 2021. As per Future Market Insights (FMI) analysis, the overall sales of curcumin will surpass US$ 279.3 Mn by 2031. Demand for curcumin is projected to grow by 11.3% CAGR over the forecast period, from 2021 to 2031.
According to the study, curcumin sales represented 3% to 5% of overall curcuminoids market in 2020. Demand for curcumin is likely to soar as consumers across the globe realize the health benefits of curcumin as a functional ingredient.
FMI predicts the U.S., India, Germany, and China to emerge as primary markets for curcumin sales. Of these, the U.S. curcumin market is expected to grow by 9.7% CAGR between 2021 and 2031.
Rising concerns regarding harmful effects of artificial ingredients in food products are spurring demand for clean label food products and ingredients. Consumer dissatisfaction with synthetic food products is compelling food manufacturers to incorporate natural and plant-based ingredients for flavor and color.
Get more Insights Analysis on this Curcumin Market@ https://www.futuremarketinsights.com/reports/sample/rep-gb-14133
Concerns about side effects of synthetic and chemicals additives used in food and beverages, cosmetics and personal care products, and pharmaceuticals are driving demand for natural alternatives. Natural and plant-based ingredients contain more beneficial nutrients than synthetic supplements.
Rising consumer preference for natural personal care products is expected to spur demand for curcumin in the forthcoming years. Increasing awareness about benefits of organic ingredients are compelling manufacturers to use different types of natural ingredients found consumables.
As a result, manufacturers are focusing on launching new curcumin supplements with enhanced benefits in order to expand their product offerings and customer base. Curcumin continues to be one of the most important ingredient in the Indian spice industry. However, several studies have indicated its application in the nutraceutical industry. As per Nutrition Business Journal, curcumin was among one of the top ten bestselling supplements in 2016.
“Increasing adoption of curcumin in the packaged food industry as a natural colorant, along with rising demand for curcumin in the personal care and cosmetics industry for its anti-inflammatory benefits will continue augmenting growth of the global curcumin market through 2031,” says an FMI analyst.
The primary function of curcumin is as an anti-inflammatory agent and an antioxidant, indicating functional health benefits in the nutraceutical market. The anti-inflammatory properties of curcumin help in treating joint pain and arthritis, diabetes, Alzheimer’s and other forms of dementia.
Get Customization on this Report for Specific Country: https://www.futuremarketinsights.com/customization-available/rep-gb-14133
The use of natural skincare products improves skin texture, tone, and appearance due to the presence of nutrients that are beneficial for skin health. Curcumin extracts are primarily used in skincare products due to their pigmentation inhibition antimicrobial activity and antioxidant capacity, all of which help to prevent various skin diseases.
Increasing awareness regarding benefits of natural ingredients used in cosmetics and personal care products expected to propel demand for curcumin over the forecast period.
Key Takeaways:
- The U.S. is estimated to account for more than 79.0% of the North American market in 2021, supported by increased consumption of curcumin-derived protein products.
- China is estimated to account for over half of sales registered in the East Asia market share in 2021.
- Germany is expected to dominate the Europe curcumin market, holding 16.3% of the total market share in 2021.
- India will emerge as an attractive curcumin market, commanding over 45.2% of sales registered in South Asia in 2021.
- Curcumin applications as an antioxidant are estimated to hold nearly one-third of the total curcumin market share in 2021.
Contact Sales for Further Assistance in Purchasing this Report- https://www.futuremarketinsights.com/checkout/14133
Competitive Landscape
Key players operating in the global curcumin market are focusing on production facility expansion to cater to growing demand for natural and organic ingredients. Apart from this, manufacturers are implementing various strategies such as marketing and promotional activities, strengthening distribution channel and adopting sustainable production to gain a competitive edge.
Some of the leading companies offering curcumin are BioMax Life Sciences, Herboveda India Pvt Ltd., Hebei Tianxu Biotech Co. Ltd., JIAHERB Inc., Synthetic Industries Ltd., BioThrive Science, Sabinsa Corporation, The Green Labs LLC., WackerChemie AG, Hindustan Mint & Agro Products Pvt Ltd, Helmings Prima Sehejtera P.T, Arjuna Natural Extracts Ltd., SMP Nutra, SV Agrofoods, Star Hi Herbs Pvt Ltd. and others.
Key Questions Answered in the Report
- What is the current value of the global curcumin market?
- At what rate did the global curcumin market grow between 2016 and 2020?
- What are the key trends boosting curcumin sales?
- What is the total share of top 5 players operating in the global curcumin market?
- Which are the major countries driving demand for curcumin?
- What will be the demand outlook for curcumin in East Asia?
- At what rate will the U.S. curcumin market grow?
Contact Us:
Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: [email protected]
For Media Enquiries: [email protected]
Website: https://www.futuremarketinsights.com
