The global Curcumin market size is expected to be worth around US$ 200.89 million by 2030, according to a new report by Vision Research Reports.
The global Curcumin market size was valued at US$ 59,199.4 thousand in 2020 and is anticipated to grow at a CAGR of 17.1% during forecast period 2021 to 2030.
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Report Coverage
Report Scope | Details |
Market Size | USD 200.89 million by 2030 |
Growth Rate | CAGR of 17.1% From 2021 to 2030 |
Base Year | 2021 |
Forecast Period | 2021 to 2030 |
Segments Covered | Applications |
Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
Companies Mentioned | WackerChemie AG; BioMaxLifesciences Ltd.; Synthite Industries Ltd.; Hindustan Mint & Agro Products Pvt. Ltd.; Arjuna Natural Extracts Ltd.; SV Agrofood; Star Hi Herbs Pvt. Ltd.; Herboveda India Pvt. Ltd.; Helmigs Prima Sehejtera P.T.; Tri Rahardja PT/Javaplant; Konark Herbals & Healthcare; Rosun Natural Products Pvt. Ltd.; SabinsaCorp. |
Growth Factors
Product demand is anticipated to be propelled by its increasing application in numerous industries including food, cosmetics, and pharmaceutical. It possesses valuable anti-oxidation and anti-inflammatory properties, emerging as a go-to pain relief choice for patients suffering from arthritis and osteoarthritis.
Rising awareness among consumers, particularly in developed countries including U.S., Germany, and Denmark, is likely to further fuel the demand for curcumin over the next eight years. It is an active component of turmeric, which is extracted from the Curcuma longa plant. The trend of increasing demand for ayurvedic medicinal formulations in numerous countries is observed, and this trend is projected to significantly benefit the curcumin market over the forecast period.
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Key Players
Market Segmentation
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In this study, the years considered to estimate the market size of Curcumin are as follows:
Reasons to Purchase this Report:
– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
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