Global Curcumin Market Insights, Forecast to 2025
Generally, curcumin can be divided into three applications: pharmaceutical, food and beverage and cosmetics. Among those applications, the purity of pharmaceutical grade is much higher than other two types, so is the price. Consumption of pharmaceutical grade accounts for the largest market share globally with 54.08% market share in 2015.
The production of curcumin mainly concentrates in India for the time being, which held 77.68% production share in 2015. Actually, India keeps extending the industry chain of turmeric. From turmeric plants to turmeric powder and curcumin, India has formed an integrated system. The country exports large amounts of turmeric related products to other countries per year. While, in China, limited by the supply of turmeric and technology, the country mainly produce curcumin for its own use with limited export. India is the industry pioneer of curcumin at the time.
Price fluctuations of curcumin have a very close relationship with turmeric. However, the harvest of turmeric is influenced by the weather obviously. Thus, price change of curcumin faces uncertainties each year. According to research, the price of curcumin is in the downward trend on the whole in the recent few years. With relatively sufficient supply of turmeric, it is estimated that price of curcumin will keep going down in the coming years, taking no account of extreme weather change in the turmeric growth regions.
The global Curcumin market is valued at 130 million US$ in 2018 and will reach 170 million US$ by the end of 2025, growing at a CAGR of 3.0% during 2019-2025. The objectives of this study are to define, segment, and project the size of the Curcumin market based on company, product type, end user and key regions.
This report studies the global market size of Curcumin in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Curcumin in these regions.
This research report categorizes the global Curcumin market by top players/brands, region, type and end user. This report also studies the global Curcumin market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
The following manufacturers are covered in this report, with sales, revenue, market share for each company:
Star Hi Herbs
Market size by Product
Market size by End User
Food and Beverage
Market size by Region
Central & South America
Rest of Central & South America
Middle East & Africa
The study objectives of this report are:
To study and analyze the global Curcumin market size (value & volume) by company, key regions, products and end user, breakdown data from 2014 to 2018, and forecast to 2025.
To understand the structure of Curcumin market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Curcumin companies, to define, describe and analyze the sales volume, value, market share, market competition landscape and recent development.
To project the value and sales volume of Curcumin submarkets, with respect to key regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Curcumin are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
This report includes the estimation of market size for value (million US$) and volume (MT). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Curcumin market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.