Market Overview

The Global Curcumin Market was valued at USD 171.8 million in 2023 and is expected to reach USD 347.3 million by 2031 while growing at a CAGR of 9.2% during the forecast period (2024-2031).

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global curcumin market growth. Curcumin, a naturally occurring compound in the turmeric plant's rhizomes, belongs to the curcuminoids group. Turmeric, a member of the ginger family, is widely used as a spice in South Asian and Middle Eastern cuisines.

Increasing awareness of health and wellness, coupled with the expansion of the pharmaceutical and nutraceutical industries, propels the growth of the curcumin market. Despite this positive momentum, challenges like bioavailability issues, as well as concerns regarding quality and standardization, may impede the market's expansion.

Furthermore, the global curcumin industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Application Analysis

The Global Curcumin Market is segmented among Pharmaceuticals, Food, Cosmetics, and Nutraceuticals, based on Application. In 2023, Pharmaceuticals accounted for the majority of the market share*.

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Curcumin Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Europe dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Biomax Life Sciences Ltd, Synthite Industries Ltd, Hindustan Mint & Agro Products Pvt, S V Agro Foods, Arjuna Natural Pvt Ltd, Herboveda India Pvt Ltd, Hebei Tianxu Biotech Co. Ltd, The Green Labs LLC, Konark Herbals & Health Care, and Now Foods.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Curcumin Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Curcumin Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Curcumin Market Segmentation, By Application

• Global Curcumin Market Share Analysis, By Application

• Global Curcumin Market Growth Analysis, By Application

• Global Curcumin Market Trends, By Application

o Pharmaceuticals

o Food

o Cosmetics

o Nutraceuticals

6. Global Curcumin Market Segmentation, By Region

• Global Curcumin Market Share Analysis, By Region

• Global Curcumin Market Growth Analysis, By Region

• Global Curcumin Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

7. Competitive Landscape

• Biomax Life Sciences Ltd*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Synthite Industries Ltd

• Hindustan Mint & Agro Products Pvt

• S V Agro Foods

• Arjuna Natural Pvt Ltd

• Herboveda India Pvt Ltd

• Hebei Tianxu Biotech Co. Ltd

• The Green Labs LLC

• Konark Herbals & Health Care

• Now Foods  

 *Similar analysis will be provided for each company listed above.