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

Global Curcumin Market size was valued at USD 85.4 billion in 2022 and is poised to grow from USD 97.4 billion in 2023 to USD 246.4 billion by 2031, growing at a CAGR of 12.3% during the forecast period (2024-2031).

The global curcumin market is fragmented, with a prominent market player acquiring a sizable portion. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective and customized solutions. 'DSM (Netherlands) ', 'BASF (Germany) ', 'Cargill (United States) ', 'Archer Daniels Midland (ADM) (United States) ', 'Koninklijke DSM N.V. (Netherlands) ', 'Kerry Group plc (Ireland) ', 'Ingredion Incorporated (United States) ', 'Tate & Lyle PLC (United Kingdom) ', 'Prinova Group (United States) ', 'Dohler Group (Germany) ', 'Kemin Industries (United States) ', 'Synthite Industries (India) ', 'Natural Remedies (India) ', 'Patanjali Ayurved (India) ', 'Himalaya Wellness Company (India) ', 'Dabur India Ltd. (India) ', 'Emami Ltd. (India) ', 'Amway India (United States) ', 'Forever Living Products (United States) ', 'Herbalife Nutrition (United States)'

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.

Growing Trend of Using Natural Ingredients-Based Cosmetic Product: Since ancient times, herbs and spices have been utilized to improve human beauty. Herbal formulations have always gotten a lot of interest because of their high activity and lack of negative effects. Natural cosmetics are thought to be safe to use. Medicinal cosmetics are a cross between cosmetics and pharmaceuticals that aim to improve the skin's health and beauty by giving particular benefits such as acne and wrinkle prevention in addition to its role as a sunscreen. These products also improve skin function and texture by encouraging collagen formation, neutralizing free radicals, preserving keratin structure, and making the skin healthier. Southeast Asian, particularly Indian, women have traditionally used herbs such as sandalwood and turmeric for skincare and natural oil to perfume their bodies. However, in recent years, similar trend has been noted in the United States and Europe. With more consumers opting for natural products and a sustainable lifestyle, this trend is predicted to continue and draw more consumers to natural components in the long run.

Based on region global Curcumin market is segmented into North America, Asia Pacific, Europe, Latin America, and Middle East Africa.