Curcumin Market 2022 Size, Share, Growth, Analysis, Trends and Forecast 2027

According to IMARC Group's latest report, titled "Curcumin Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," The global curcumin market size reached US$ 74.7 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 119.8 Million by 2027, exhibiting a growth rate (CAGR) of 8.1% during 2022-2027.

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 represents a naturally occurring and yellow-colored bioactive compound that is commercially extracted from the dried rhizome of the turmeric plant. It is rich in magnesium, zinc, calcium, iron, potassium, etc., and has anti-oxidative, anti-inflammatory, anti-fungal, and anti-bacterial properties. Curcumin is consumed for relieving pain and in the treatment of several medical ailments, such as hemorrhage, jaundice, hematuria, etc. It also assists in minimizing exhaustion, fatigue, and inflammation in the liver. In line with this, curcumin is extensively utilized as a yellow food colorant and additive in various food products. Consequently, it finds wide-ranging applications in the manufacturing of nutraceutical items and food and beverages.

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Market Trends

The rising prevalence of chronic medical ailments, such as obesity, cardiovascular diseases (CVDs), osteoarthritis, diabetes, cancer, etc., is primarily driving the curcumin market. Additionally, the expanding personal care and pharmaceutical industries and the growing consumer health consciousness are further catalyzing the market growth. Besides this, the escalating demand for natural and organic curcumin for numerous medical applications is acting as another significant growth-inducing factor. Moreover, the widespread adoption of this bioactive compound in the prevention of eye infections, leech bites, ringworms, sore skin, bruising, swelling on the skin, etc., is positively influencing the global market. Apart from this, the increasing utilization of curcumin in tissue engineering and in the production of ayurvedic and herbal supplements is augmenting the market growth. Furthermore, the inflating need for natural food ingredients and extensive investments in R&D activities are expected to fuel the curcumin market over the forecasted period.

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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
Beverages
Beverages
Others
Pharmaceuticals
Cosmetics
Others

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 (2016-2021)
Market Outlook (2022- 2027)
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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