The Europe Curcumin Market would witness market growth of 14.5% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 323.0 Tonnes, showcasing a growth of 14.5% (2019-2022).
Consumers around the region are becoming increasingly conscious of the adverse environmental effects of consuming animal food products. Consequently, dietary preferences are shifting, and consumers are embracing veganism and botanicals such as turmeric-based foods. Turmeric extracts are ideal for creating innovative food formulations as a plant-based diet. In addition, companies are investing significantly in research and development of new product formulations, including beverages containing curcumin extracts, due to the growing demand for natural products. This aspect contributes considerably to the market's growth.
The food and beverage industry has embraced curcumin as a natural colorant and flavor enhancer. It imparts a rich yellow hue to products, making it a popular choice for coloring everything from mustard to soft drinks. Beyond its color, curcumin's earthy and slightly bitter taste is also appreciated in culinary applications, especially in curries and spice blends. Its antioxidant and anti-inflammatory properties have led to its integration into the cosmetics and skincare industry. It is used in various formulations, including creams, serums, and masks, to combat signs of aging, reduce skin inflammation, and promote an even skin tone. Its inclusion in natural and organic skincare products aligns with the growing demand for clean beauty options.
Functional foods and beverages that provide health advantages beyond basic nutrition have grown in popularity in the United Kingdom. The UK's wellness trend has spurred the development of health-focused beverages. Products promoting antioxidant content have gained popularity in the UK. Curcumin supplements have gained traction in the UK, appealing to consumers seeking convenient and precise dosing for health benefits. The UK region has witnessed a surge in ready-to-drink wellness shots containing curcumin. French pharmaceutical companies have developed curcumin-based pharmaceutical formulations in various dosage forms, including capsules, tablets, and topical preparations. The factors mentioned above will drive the regional market growth.
The Germany region dominated the Europe Curcumin Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $13,989.9 Thousands by 2030. The UK region is exhibiting a CAGR of 13.4% during (2023 - 2030). Additionally, The France region would experience a CAGR of 15.4% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Curcumin Market will Hit 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)
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