Curcumin Market Size

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.

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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.