According to IMARC Group’s latest report, titled “Curcumin Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global curcumin market grew at a CAGR of around 9% during 2015-2020. Looking forward, the market is expected to exhibit strong growth during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Curcumin is a naturally occurring yellow-colored bioactive compound commercially obtained from turmeric plant through dried rhizome. It is rich in zinc, calcium, magnesium, iron, and potassium and has anti-inflammatory, anti-oxidative, anti-fungal, and anti-bacterial properties. The consumption of curcumin helps in minimizing fatigue, exhaustion, inflammation in the liver, along with treating various medical ailments. It is widely used as a yellow food colorant and additive in numerous food products.
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The growing prevalence of chronic medical ailments, such as osteoarthritis, obesity, cardiovascular diseases (CVDs), diabetes, cancer, etc., is primarily driving the demand for curcumin. Moreover, the expanding utilization of curcumin across the food and beverages, nutraceutical, and cosmetic sectors is also propelling the market growth. Additionally, the rising consumer health consciousness, along with the changing dietary preferences, is further augmenting the demand for curcumin. In line with this, the growing consumer inclination towards ayurvedic and herbal supplements that include curcumin for treating eye infections, leech bites, sore skin, bruising, swelling, etc., is also catalyzing the product demand on a global level.
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List of Key Companies Covered in this Market Report:
- 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.
- Wacker Chemie AG (ETR: WCH)
The report has segmented the market on the basis of application and geography.
Breakup by Application:
- Food and Beverages
- Bakery and Confectionery
Breakup by Geography:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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