Curcumin Market Size - By Application (Pharmaceutical, Food, Cosmetics), Research Report, Country Outlook, Price Trends, Historic Data, Growth Prospects & Global Forecast, 2024-2032

Curcumin Market Size

Curcumin Market size was valued at USD 98.7 million in 2023 and is anticipated to record over 9.1% CAGR from 2024 to 2032, driven by the increasing awareness and demand for natural and organic health supplements. Curcumin is widely recognized for its anti-inflammatory, antioxidant, and potentially anti-cancer properties, further drawing health-conscious consumers looking for a natural remedy to build synthetic substitutes.
 

The increasing prevalence of chronic diseases, such as rheumatoid arthritis, cardiovascular diseases and cancer has surged the prescription of curcumin as part of preventive healthcare. As per WHO, cardiovascular diseases (CVDs) are the leading cause of death, with an estimated 17.9 million deaths annually worldwide.
 

Technological advancements in extraction and formulation techniques will also fuel the market growth. New developments in curcumin extraction techniques, such as high-intensity and ultrasonic-assisted water filtration, have improved the yield and purity of curcumin, making it more potent and effective. Advanced delivery systems including nanoparticles, liposomes and micelles are increasing the bioavailability of curcumin while improving its efficacy in therapeutic applications. The expanding use in various industries, such as pharmaceutical, cosmetics and food and beverages(F&B) is also contributing to the product uptake.
 

However, curcumin is poorly absorbed into the bloodstream, thus needing advanced synthesis methods to increase its bioavailability, which may increase production costs and complexity. The high cost of curcumin extraction and the need for large quantities of turmeric root to obtain small amounts of curcumin can be a major obstacle for producers. Regulatory challenges are also posing limitations, as the product must meet stringent quality and safety standards, which may vary from different regions, further restricting the market growth.
 

Curcumin Market Trends

The increasing focus on product innovation and research to enhance bioavailability and efficacy will favor the market growth. Manufacturers are investing in advanced formulation strategies and delivery systems to overcome the bioavailability limitations of curcumin, such as nanocapsulation and liposomal technologies, to expand its applications in pharmaceutical, cosmetic and functional foods.
 

For instance, in February 2023, Herbalife incorporated nanotechnology for developing Immunoturmeric, its new immune-support supplement for Indonesia and other Asia-Pacific markets. Increasing consumer demand for natural and organic products, as well as strong awareness of the health benefits of curcumin is further making way for the development of new supplements.
 

Curcumin Market Analysis

Based on application, the pharmaceutical segment is expected to generate USD 130.5 million by 2032. This is due to extensive research showcasing the compound's potential therapeutic properties along with its promising applications in various medical fields. The growing consumer preference for natural plant-based medicines, coupled with the increasing acceptance of drug combinations, has led pharmaceutical companies to explore curcumin as a safe and effective alternative or complementary medicine. Clinical trials and studies supporting the efficacy of curcumin in managing several health conditions is driving the segment growth.
 

North America curcumin market size will record substantial growth and is likely to reach USD 114.2 million by the end of 2032. With increasing emphasis on preventive health care and natural therapies, consumers are turning to curcumin supplements and functional foods to support the overall wellness and manage several health conditions. Strong presence of key players in the pharmaceutical and nutraceutical industries, as well as extensive R&D efforts aimed at increasing the natural availability and efficacy of curcumin will further stimulate the regional market growth.
 

Curcumin Market Share

Leading curcumin firms are investing in R&D activities to enhance product formulations for focusing on improving bioavailability and efficacy. Collaboration and partnership with universities and research institutions is helping to promote innovation and accelerate product development. These companies are also engaging in strategic mergers and acquisitions to expand their product lines and geographic reach.
 

Curcumin Market Companies

Major players operating in the curcumin industry include:

• Arjuna Natural Extracts
• Hindustan Mint & Agro Products
• Star Hi Herbs
• SV Agrofood
• Synthite Industries
   

Curcumin Industry News

• In April 2022, Abbott introduced arachitol gummies in India, a supplement containing Vitamin D, calcium, and curcumin to support bone health and immunity.
   
• In September 2022, NextEvo Naturals launched Revive CBD Complex Curcumin along with Hemp Extract to its range of water-soluble CBD elements, which have been created and clinically proven to increase absorption.
   

The curcumin report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue and volume (USD Million) (Tons) from 2021 to 2032, for the following segments:

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Market, By Application:

• Pharmaceutical
• Food
• Cosmetics
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Poland
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • Malaysia
  • Indonesia
  • Thailand
  • South Korea
  • Vietnam
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE