Albany, NY -- (SBWIRE) -- 04/14/2021 -- Curcumin Market: Overview

The rising demand of curcumin in cosmetic, food, and pharmaceutical industries is the main factor driving the growth of the global curcumin market. A surge in demand of curcumin is mainly due to the increasing awareness among  consumers regarding anti-inflammatory and anti-oxidant properties of  curcumin. In addition to this, the rising inclination of consumers towards organic products is another strong factor likely to propel the curcumin market during the forecast period.

According to the latest market report published by Transparency Market Research, the global curcumin market is expected to reach a valuation of US$ 465.8 mn by 2026. The market was noted at a valuation of over US$ 282.2 mn in 2018. If this stand true, the global curcumin market is projected to rise at a steady 6.5% CAGR from 2018 to 2026.

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Growing Demand for Natural Ingredients in Skincare Products to Fuel Curcumin market

The global curcumin market is classified on the basis of nature, form, application and end user. In terms of nature, the global curcumin market is segmented into organic curcumin and conventional curcumin. Among both of them, organic curcumin is likely to display highest CAGR during the forecast period. This is because of the increasing inclination of consumers towards organic based product. In addition to this, organic curcumin has relatively low side effects on consumers as compared to conventional curcumin.

On the basis of form, the global curcumin market is segmented into powder and liquid.  Among them, powder form is expected to display high demand in the coming years. This is due to their easy to store and transport properties.

Based on application, the global curcumin market is segmented into heart health, brain health, stress/anxiety relief, anti-inflammation, antioxidant, and flavorant & colorant. The global curcumin market is anticipated to rise owing to the immense health benefits offered by curcumin to consumers.

From end user standpoint, the global curcumin market is segmented into dietary supplements, food products, herbal & medicinal products and cosmetics. Among all of them, herbal and medicinal product is expected to hold highest market share in the global curcumin market when compared to other segments.

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North America to Continue its Dominance in Global Curcumin Market

In terms of region, the global curcumin market has been divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.  Among all of them, North America is projected to account for the largest market share in the overall curcumin market. This is because of the high consumption of curcumin in the region. This is owing to the higher awareness regarding health benefits offered by curcumin. This plays a vital role in the growth of the curcumin maket in the region.

Some of the major companies operating in the global curcumin market are Synthite Industries Ltd., Sabinsa Corporation, Biomax Life Sciences Limited, Jiaherb Inc., The Green Labs LLC, and Wacker Chemie AG.

Overwhelming Benefits in Preventing Various Diseases and Disorders to Serve as Growth-Generating Factor for Curcumin Market

The curcumin market is anticipated to gain tremendously during the assessment period of 2018-2026 on the back of the escalating demand across food, cosmetic, and pharmaceutical industries around the world. Furthermore, the escalating awareness among a considerable chunk of the populace regarding the anti-oxidant and anti-inflammatory properties of curcumin may bring tremendous growth prospects across the forecast period.

Curcumin is a type of ingredient derived from ginger and turmeric. It is a vital active ingredient in turmeric. It is one of the three curcumoids available in turmeric. The use of curcumin as a food additive and yellow food colorant may further enhance the growth rate of the curcumin market.
The growing inclination of a considerable number of consumers toward organic food may invite extensive growth opportunities for the curcumin market. The health benefits attached to curcumin consumption and the medicinal values etched to it may prove to be immense growth accelerators for the curcumin market. Curcumin has also shown potential in preventing a coronary heart diseases, cancer, and Alzheimer's. Thus, all these factors bring expansive growth prospects for the curcumin market.

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Cosmetics play a crucial role in the growth of the curcumin market. Curcumin has antiaging and antioxidant properties. These properties bode well for its application in various types of cosmetics. The rising disposable income and the growing inclination of a substantial populace toward skin care may serve as growth boosters for the curcumin market.
The novel coronavirus pandemic has affected many industries to a great extent. The lockdown restrictions led to the closure of manufacturing facilities and production units. This aspect led to an decrease in demand for curcumin from various sectors.

However, the easing of lockdown restrictions will offer a golden opportunity of growth for the curcumin market. As many people were at home for a brief period, the inclination toward skincare increased exponentially, increasing the sales of cosmetics and eventually leading to an heightened growth of curcumin market.

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