According to a new report, published by KBV research, The Global Curcumin Market size is expected to reach $219.4 Million by 2030, rising at a market growth of 14.9% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,768.6 Tonnes, experiencing a growth of 14.8% (2019-2022).
The Conventional segment is leading the Market by Nature in 2022, thereby, achieving a market value of $151.5 Million by 2030. Conventional farming practices may result in higher yields compared to organic methods. Higher yields can help meet the growing demand for curcumin in various industries, including food, supplements, and pharmaceuticals. Conventional curcumin may be more readily available in larger quantities due to higher production levels. This can be particularly important for food manufacturers and pharmaceutical companies requiring a stable and consistent supply of curcumin.
The Food segment would register a CAGR of 15.1% during (2023 - 2030). Curcumin adds a subtle and slightly bitter flavor with earthy undertones to food. This makes it a popular choice for enhancing the flavor of various products, especially in ethnic cuisines and spice blends. It complements the overall taste profile of curries, soups, and other savory dishes. The uplift of the market in the food segment is closely tied to consumers' increasing focus on natural, clean, and health-conscious products. As consumers continue to prioritize these factors, the use of curcumin in this segment will likely grow, leading to further product development and formulation innovation.
The North America region dominated the Global Curcumin Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $80.5 million by 2030. The Europe region is anticipated a CAGR of 14.5% during (2023 - 2030). Additionally, The Asia Pacific region poised to grow at a CAGR of 15.8% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/curcumin-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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 Geography (Volume, Tonnes, USD Million, 2019-30)
Companies Profiled
Unique Offerings 
