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Curcumin Market Trends

Report ID: GMI788
Published Date: Jun 2024
Report Format: PDF

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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.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of curcumin reached USD 98.7 million in 2023 and is set to witness USD 221.2 million by 2032, led by the increasing awareness and demand for natural and organic health supplements.

The pharmaceutical segment of the curcumin industry is expected to generate USD 130.5 million by 2032, owing to extensive research showcasing the compounds potential therapeutic properties along with its promising applications in various medical fields.

North America market size is likely to reach USD 114.2 million by the end of 2032, due to increasing emphasis on preventive health care and natural therapies.

Arjuna Natural Extracts, Hindustan Mint & Agro Products, Star Hi Herbs, SV Agrofood, and Synthite Industries among others.