Curcumin has been garnering exceptional popularity as an antioxidant-enriched key active ingredient in turmeric and will continue to witness ascending demand for its range of nutritional, therapeutic, medicinal, and cosmetic properties.
Growing consumption of curcumin and curcumin-based products for their natural anti-inflammatory attributes are expected to drive the global curcumin market growth. Fairfield Market Research in its latest published study states that the skincare section remains one of the key features for customer attraction as it largely leverages the naturally brightening characteristics of curcumin, especially across the Asian subcontinent. Towards the end of the forecast period 2021 – 2025, global curcumin market revenue is expected to reach US$112.6 Million.
Expanding Clinical Utility of Curcumin Accounts for Rapid Market Growth
Beyond the traditional consumer, i.e., Asian nations, curcumin has recently started penetrating the European markets more deeply. The main European countries are likely to uphold the market growth with the growing demand for medicinal, pharmaceutical, and therapeutic benefits of curcumin. The versatile nutritional profile of curcumin has been recognized and the active ingredient makes it a potentially helpful product in the treatment of gastrointestinal conditions, cardiovascular disorders, and lifestyle diseases. Dietary supplements will continue to be the top consumer segment as it has majorly upheld the competitive costs and pharmacological security of curcumin that places it above several other dietary supplements. Expanding the clinical utility of curcumin extract has been improving the scope for its penetration across the pharmaceutical, and cosmetics industries. This is likely to fuel the growth of the curcumin market significantly.
Surging consumer inclination toward plant-based ingredients across industries will also work in favor of the market. Moreover, the FDA’s validation of turmeric and thus curcumin as a natural coloring agent will further encourage its adoption over its conventional synthetic counterparts. The COVID-19 outbreak created a major demand flux in natural immunity boosters, which also heightened curcumin consumption worldwide.
Organic Curcumin Likely to Soon Enter Established Markets
A consistently growing population of health-conscious consumers is likely to elevate the prospects of curcumin as a natural, organic, and clean-label ingredient. Escalating preference for vegan, organic food ingredients, organic, cruelty-free cosmetics, and personal care additives are expected to offer the market a collective push. Organic curcumin is poised to experience a solid incremental opportunity throughout the assessment. The growing market significance of organic spice ingredients and a consensus toward non-GMO ingredients will clear the way for the organic variant in the global curcumin market. Ascending the popularity of beauty drinks, energy drinks, immunity-boosting beverages, and Nutri-cosmetics will further provide a strong impetus to the curcumin market in the future.
Leading Players – Global Curcumin Market
The Fairfield Market Research has reported providing potential market competitors with some exclusive insights on the strategic and financial profile analysis of some of the leading companies in the global curcumin space.
BioMax Lifesciences Ltd, Sabinsa Corporation, Arjuna Natural Extracts Ltd, SV Agro Food, Wacker Chemie AG, Hindustan Mint & Agro Products Pvt. Ltd, Akay Group, Synthite Industries Ltd, Rosun Groups, and Konark Herbals are some of the most prominent players leading the development of innovative offerings in curcumin market.
