PUBLISHER: SkyQuest | PRODUCT CODE: 1250099
PUBLISHER: SkyQuest | PRODUCT CODE: 1250099
Global Curcumin Market was valued at USD 73.50 million in 2021 and it is expected to reach at USD 150.60 million by 2028, at a CAGR of 9.90% over forecast period (2022-2028).
Curcumin is a natural compound found in the turmeric plant, which is commonly used as a spice in cooking. It has been used for its medicinal properties for centuries, and the global curcumin market has been experiencing significant growth in recent years due to increasing demand for natural and herbal supplements, as well as the potential health benefits of curcumin.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Microbial Protein Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Segments covered in this report
Global Curcumin market is segmented based on nature, form, application. Based on nature, market is segmented into organic, conventional. Based on form, market is segmented into powder, liquid. Based on application, market is segmented into food & beverages, pharmaceutical, cosmetics, others. Based on region, market is segmented into North America, Asia Pacific, Europe, Latin America, and Middle East Africa.
Driver
There is a growing trend towards natural and herbal supplements, driven by increasing awareness of the potential side effects of synthetic drugs. Curcumin is a natural compound and is therefore considered a safer alternative to synthetic supplements. Curcumin has been shown to have potential health benefits, including anti-inflammatory, antioxidant, and anticancer properties. This has led to increased interest in curcumin among health-conscious consumers. Curcumin is used as a natural food colouring and flavouring agent in the food industry, and its use is growing due to increasing demand for natural ingredients in food products.
Restraint
Curcumin has poor bioavailability, which means that it is not easily absorbed by the body. This can limit its effectiveness as a supplement. There are quality control issues with curcumin supplements, as there is a lack of standardized manufacturing processes and quality control measures in the industry. Curcumin supplements face competition from synthetic supplements that are cheaper and more easily accessible.
Market Trends
There is ongoing research and development in the field of curcumin, with a focus on improving its bioavailability and exploring new applications for the compound. Companies in the curcumin industry are partnering with research institutions and other companies to develop new products and technologies. Functional foods, which are foods that offer health benefits beyond basic nutrition, are a growing trend. Curcumin is being increasingly used as a natural food ingredient with potential health benefits, which is likely to drive demand in the food industry.