Global curcumin market set to surpass $206.45 billion by 2033, driven by demand for health benefits.

From GlobeNewswire: 2024-04-15 15:30:00

The global curcumin market is poised for significant growth, with an expected increase from USD 80.63 billion in 2023 to USD 206.45 billion by 2033. Curcumin, derived from turmeric root, offers numerous health benefits and is widely used in treatments for various conditions including cancer and Alzheimer’s. Despite bioavailability challenges, consumer demand for turmeric-based products is expected to drive market growth.

In the market segmentation, the conventional segment dominates, driven by ease of availability and lower cost. The pharmaceutical segment is experiencing rapid growth due to the antioxidant and anti-inflammatory properties of curcumin. Asia-Pacific leads the market share, with rising demand fueled by the food & beverage industry in countries like India and China. North America is expected to have the fastest growth, driven by expanding pharmaceutical and food & beverage sectors.

Major vendors in the global curcumin market include Biomax Life Sciences Ltd., Synthite, and SabinsaCorp. Recent developments include Herbalife’s use of nanotechnology for a new curcumin-based supplement. The market is segmented by nature, application, and region. Revenue is forecasted at global, regional, and country levels from 2020 to 2033, with key segments including food & beverages, pharmaceuticals, cosmetics, and more. Spherical Insights offers comprehensive industry trend analysis and forecasts.



Read more at GlobeNewswire: Global Curcumin Market Size To Exceed USD 206.45 Billion By