Curcumin Market Size

Curcumin Market Size 

Curcumin Market size is estimated to grow at over 11.2 % CAGR between 2023 and 2032, attributed to the rising awareness about the health benefits of the product such as its antioxidative and anti-inflammatory properties. The shifting mindset of health-conscious consumers towards the use of natural and plant-based products have driven the usage of curcumin.  

There is wider product usage in pharmaceuticals and nutraceuticals for managing chronic ailments such as cardiovascular diseases, arthritis, and cancer, the cases of which are ever-increasing. For instance, as per CDC.gov, in 2021, around 695,000 people died due to cardiovascular diseases in United States.

Further, the shift toward clean-label and functional components has encouraged food manufacturers to use curcumin into their product’s. Its radiant yellow color, flavor-enriching properties, and health benefits have made it a coveted ingredient for functional foods, beverages, and organic colorants. The cosmetics and personal care sector has also incorporated it due to its skin-friendly attributes and anti-aging properties. The variation of curcumin products into non-food sectors accentuates its versatility, contributing a positive track for the curcumin market growth in the coming years.
 

Limited accessibility of high-grade curcumin extracts acts as a significant restraint for the industry. Regulatory constraints and the compliance necessities with stringent quality standards, along with high cost and price fluctuations also make the market outlook difficult for the players. Moreover, the low bioavailability while consumed orally leads to reduced absorption of curcumin in the human body. This lack of availability and efficacy also impacts the confidence of consumer and reduces the products demand, hampering the market growth.