The Asia Pacific Curcumin Market would witness market growth of 15.8% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 450.4 Tonnes, showcasing a growth of 15.4% (2019-2022).
Curcumin is a bioactive compound extracted from the root of Curcuma longa, also known as turmeric. Due to rising consumer awareness of its therapeutic properties, the market is anticipated to experience substantial growth. Enhanced health awareness, numerous health benefits of curcumin, and an increase in the demand for natural and organic supplements have fueled the demand for curcumin in recent years, thereby driving the growth of the market. The surge in demand for organic foods and ayurvedic medicine formulations, as well as developments in pharmaceutical and skincare products employing curcumin, have all contributed to the expansion of the market for curcumin.
Curcumin is a hydrophobic and lipophilic compound predominantly used by the pharmaceutical industry for its traditional therapeutic uses. Different nanoparticles, such as dendrimers, polymeric nanoparticles, and nanogels, are being investigated as vehicles for the delivery of curcumin in treating cancer and numerous neurological diseases. It has significant health benefits and can potentially prevent diseases like Alzheimer's, coronary heart disease, and cancer.
According to the Ministry of Food Processing Industries, India is one of the largest producers of turmeric, and accounts for 80 percent of global production. Approximately, 389 thousand tons of turmeric was produced in the 2018–19 season, with an area and productivity of 246 thousand hectares and 5646.34 kg per hectare, respectively. The country has a long history of cultivating turmeric, the primary source of curcumin, a compound derived from turmeric. According to International Trade Administration, Japan has around 3,000 beauty care businesses, including well-known names like Shiseido, Kao, Kosé, and Pola Orbis. Skincare products dominate fifty-three percent of Japan's cosmetics industry. Due to the above-mentioned factors, the market will grow significantly in the Asia Pacific region.
The China region dominated the Asia Pacific Curcumin Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $16,637.7 Thousands by 2030. The Japan region is registering a CAGR of 14.9% during (2023 - 2030). Additionally, The India region would showcase a CAGR of 16.4% during (2023 - 2030).
Based on Nature, the market is segmented into Conventional, and Organic. Based on Application, the market is segmented into Pharmaceutical, Food, Cosmetics, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Curcumin Market is Predict to reach USD 219.4 Million by 2030, at a CAGR of 14.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Wacker Chemie AG, Hindustan Mint & Agro Products Pvt. Ltd, Arjuna Natural Extracts Ltd, Synthite Industries Ltd., SV Agrofood, Star Hi Herbs Pvt. Ltd., Herboveda India Pvt. Ltd., Konark Herbals & Healthcare, Sabinsa corporation and The Green Lab LLC.
By Nature (Volume, Tonnes, USD Million, 2019-30)
By Application (Volume, Tonnes, USD Million, 2019-30)
By Country (Volume, Tonnes, USD Million, 2019-30)
Unique Offerings Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
