Curcumin Market Size, Share, Growth Analysis, By Nature (Organic, Conventional), By Form (Powder, Liquid), By Application, By End Use, By Region - Industry Forecast 2024-2031

Curcumin Market Drivers

Increased Consumer Awareness of Health and Wellbeing to Promote Market Growth

• Consumers globally have made health and wellness one of their top priorities. In recent years, there has been a substantial growth in the curcumin market for natural products with immune-boosting characteristics. Various natural extracts have proven useful against a variety of ailments and have consequently acquired popularity in recent years. Since ancient times, several countries, including India, have used turmeric in various medical and cosmetic formulations, and the commodity is still in demand today. Several clinical investigations have been undertaken around the world to demonstrate that curcumin has antioxidant and anti-inflammatory effects, making it appropriate for producing medical supplements and cosmetic formulations. As a result, demand has surged tremendously.

Curcumin Market Restraint

Availability of Low-Cost Substitutes will Stifle Market Growth

• Other low-cost curcumin replacements include natural spices like mustard powder, which can be utilized as natural food additives. In addition, various chemical compounds can be used to make medications and colours. As a result, manufacturers might switch to cheaper raw materials, slowing market growth. This has put additional strain on the turmeric supply chain to get raw ingredients and deliver these goods to enterprises for further processing. To fulfill this rising demand, some firms adulterate turmeric species or dyes, lowering the final product quality. This has an impact on brand perception, resulting in low market growth in the region.