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Curcumin Market Reached USD 191.24 Million 2032, Growing at A Rate of 9.76% To Forecast 2024-2032

 



(Food-Beverage-News.Com, July 26, 2024 ) Pune, 26 July 2024: Global Curcumin Market of Size were valued at USD 82.72 Million in 2023 and are Projected to Reach USD 191.24 Million, Growing at a CAGR of 9.76% From 2024-2032.



Curcumin is a bioactive polyphenol found in turmeric, which is derived from the rhizomes of the plant Curcuma longa. Although turmeric has been used for healing reasons for a long time, its ability to be effective as a medicine is limited due to its low bioavailability. Pharmaceutical researchers and food formulators have become interested in it in recent decades because of its high content of polyphenol curcumin. Curcumin is recognized for its ability to control inflammatory conditions, anxiety, arthritis, metabolic syndrome, and hyperlipidemia. Several studies have also been released stating that curcumin can help with reducing muscle soreness caused by exercise and improving recovery. Curcumin is primarily used as a dietary supplement, in skincare products, for flavoring in South and Southeast Asian cuisine, and as a coloring agent in curry powder, mustard, butter, and cheese.



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Curcumin Key Competitors include:



Arjuna Natural Extracts Ltd.

BioMaxLifesciences Ltd.

Helmigs Prima Sehejtera P.T.

Herboveda India Pvt. Ltd.

Hindustan Mint & Agro Products Pvt. Ltd.

Konark Herbals & Healthcare

Rosun Natural Products Pvt. Ltd.

Star Hi Herbs Pvt. Ltd.

SV Agrofood, and Other key Players

Curcumin Market Dynamics



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. Consumers around the globe are placing a high importance on health and well-being. The need for natural products that enhance immunity has grown substantially in recent years. Natural extracts have shown to be effective in treating different health issues and have become more popular in recent times. Several nations, such as India, have utilized turmeric in diverse medical and beauty concoctions since ancient eras and it continues to be used in beauty items today. Research institutions have carried out numerous global clinical trials, demonstrating that curcumin displays antioxidant and anti-inflammatory characteristics, rendering it ideal for creating medicinal supplements and cosmetic products. Therefore, there has been a notable increase in demand.



The advancements in curcumin extraction methods, including high-intensity and ultrasonic-assisted water filtration, have increased the amount and quality of curcumin, enhancing its potency and efficacy. Sophisticated delivery mechanisms such as nanoparticles, liposomes, and micelles are enhancing the availability of curcumin and enhancing its effectiveness in therapy. The increasing adoption in different sectors, like pharmaceuticals, cosmetics, and the food and beverages (F&B) industry, is also helping to boost the product usage.



Curcumin Market Regional Insights



China and India are the top contributors to microfinance revenue in the Asia-Pacific region. India's industry dominance can be attributed to its participation in microfinance programs for disadvantaged socio-economic sectors. Microfinance solutions and services help SMEs by improving their ability to obtain credit and capital, allowing them to make investments in their growth. The rise of the worldwide microfinance sector is fueled by the growing usage of internet and mobile technology in the area. The increasing use of the internet and smartphones in the Asia-Pacific area is driving the growth of peer-to-peer lending and crowdfunding, which will contribute to the worldwide development of microfinance in the future.



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Curcumin Market Segment Analysis



By Application

Cosmetics

Pharmaceutical

Food

Others



Curcumin is a valuable compound in cosmetology due to its antioxidant and anti-inflammatory properties. It is used in creams, lotions, and serums for moisturizing and anti-aging benefits, as well as addressing skin issues like acne and dermatitis. Curcumin's natural origin appeals to consumers who prefer natural cosmetics without chemicals or synthetic additives, increasing its demand in this sector. It has therapeutic applications in pharmaceuticals, managing and preventing diseases like arthritis, cancer, cardiovascular diseases, and neurodegenerative illnesses. In the food industry, curcumin is used for medicinal purposes, natural food colors, and flavoring agents. It is also used in nutraceuticals and animal feed, supporting livestock health and growth.



By Nature

Conventional

Organic

GLOBAL CURCUMIN MARKET BY REGION



NORTH AMERICA

USA

Canada

Mexico

EASTERN EUROPE

Russia

Bulgaria

The Czech Republic

Hungary

Poland

Romania

Rest Of Eastern Europe

WESTERN EUROPE

Germany

United Kingdom

France

The Netherlands

Italy

Spain

Rest Of Western Europe

ASIA PACIFIC

China

India

Japan

South Korea

Malaysia

Thailand

Vietnam

The Philippines

Australia

New-Zealand

Rest Of APAC

MIDDLE EAST & AFRICA

Turkey

Bahrain

Kuwait

Saudi Arabia

Qatar

UAE

Israel

South Africa

SOUTH AMERICA

Brazil

Argentina

Rest of South America

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Key questions answered in the Curcumin Market report are:



Which market segment dominated the global Curcumin market in 2023?

What are the current global trends in the Curcumin market?

What future industry applications and trends are emerging in the Curcumin market?

What growth strategies are companies adopting to expand their presence in the Curcumin market?

Who are the leading companies in the Curcumin market, and what are their product portfolios?

What are the primary challenges that the Curcumin market may face in the future?

Which region had the largest share of the Curcumin market in 2023?

How is the regulatory environment influencing the Curcumin market?

Key Offerings:



Market Size, Share, Size & Forecast by Different Segments | 2024−2032

Curcumin Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region

Market Trend Analysis

Pestle Analysis

Porter’s Five Forces Analysis

Industry Value Chain Analysis

Ecosystem

Regulatory Landscape

Price Trend Analysis

Patent Analysis

Technology Evolution

Investment Pockets

Curcumin Market Segmentation

Competitive Landscape – Profiles of selected key players in a strategic perspective

Competitive landscape – Competitive Benchmarking, Curcumin Market Share by Manufacturer (2023), Industry BCG Matrix, Heat Map Analysis, Mergers & Acquisitions

Analyst Viewpoint and Conclusion

Introspective Market Research, a Food and Beverages Industry research firm, has released the following reports:



Yeast Ingredients Market: The global Yeast Ingredients Market was valued at USD 3.15 billion in 2023 and is likely to reach USD 6.59 billion by 2032, increasing at a CAGR of 8.54% from 2024 to 2032.

Dried Apricot Market: The global Dried Apricot Market was valued at USD 667.01 Million in 2023 and is likely to reach USD 1136.50 Million by 2032, increasing at a CAGR of 6.1% from 2024 to 2032.

About us:



Introspective Market Research (introspectivemarketresearch.com) is a visionary research consulting firm dedicated to assist our clients grow and have a successful impact on the market. Our team at IMR is ready to assist our clients flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global market research company, specialized in using big data and advanced analytics to show the bigger picture of the market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyze extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.



Contact us:



Introspective Market Research Private Limited,



138 Downes Street Unit 6203- M5E 0E4,



Toronto, Canada



Email: -sales@introspectivemarketresearch.com

Introspective Market Research Pvt Ltd

Akshay Patil

+91-8180096367

sales@introspectivemarketresearch.com

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