Organic Curcumin Market research : Industry Trends, Analysis, Types, Growth, Opportunity and Forecast 2020-2030
Curcumin is a chemical present in turmeric
which gives it the bright yellow color. Anti-inflammatory and anti-oxidant
properties of the chemical can lead to its inclusion in various foods.
Inclusion of curcumin in supplements due to its bioavailability by the body can
favor the industry. The global organic curcumin market report by Market
Research Future (MRFR) contains insights, trends, and competitive intelligence
for the period of 2019 to 2027 (forecast period).
Market Scope
The global organic
curcumin market research is expected to register a CAGR of 7.47% from
2019 to 2027 and reach USD 190.34 million
by the end of 2027.
The market is driven by the preference of
non-genetically modified organisms (GMO) and organic ingredients. Benefits of
curcumin on cancer conducted by reputed institutes are likely to drive its
demand in the coming years. Huge demand for organic plant-based supplements can
drive the global demand for organic curcumin during the forecast period. High
sales of herbal health goods and interest towards prevention of diseases can
augur favorably for the market.
However, the paucity in the production of
curcumin and its expensive cost can encumber the market growth.
Segmentation
The global organic curcumin market has been
segmented based on type, packaging type, and distribution channels.
By type, it is segmented into capsules,
powder, and others.
The global organic curcumin market has been
segmented by packaging type into pouches, bottles, and others.
By distribution channel, it is segmented
into store based and non-store-based. The store-based segment has been further
classified into supermarket and hyper market, convenience stores, and others.
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Regional Analysis
The global organic curcumin market has been
analyzed for four key regions—North America, Europe, Asia Pacific (APAC), and
Rest-of-the-World (RoW).
APAC is predicted to lead in the market
owing to preference of traditional products by consumers in China and India.
Awareness of the benefits of curcumin and its defense against cancer and stroke
can benefit the regional demand. Consumption of organic supplements is likely
to drive up the sales of organic curcumin. Brand owners are likely to set up
dedicated units in the region to cater to growing demand. This is fueled by the
need for Ayurveda and herbal products.
North America is deemed to contribute to
global market share owing to demand for supplements containing natural
ingredients. Awareness of the benefits of curcumin can drive the market demand
as well as its availability in retail stores and ecommerce sites can fuel
regional growth. Presence of various cosmetic brands and their inclination
towards the inclusion of organic curcumin can drive the market demand till the
end of the forecast period. Massive demand of the chemical in foods can fuel
the market growth.
On the
other hand, RoW can exhibit a steady growth rate during the forecast period due
to demand for organic products in Brazil and Argentina.
The organic curcumin market overview has witnessed
significant growth in recent years due to increasing consumer awareness about
the potential health benefits of curcumin, a bioactive compound found in
turmeric. As people seek natural and organic alternatives for promoting
well-being, organic curcumin has gained popularity for its anti-inflammatory
and antioxidant properties. This has led to a surge in demand for organic
curcumin supplements, functional foods, and personal care products, driving the
expansion of the market. Manufacturers are focusing on providing high-quality,
certified organic curcumin products to meet the rising consumer demand.
Additionally, ongoing research exploring curcumin's potential benefits in
various health conditions further supports market growth.
Competitive Outlook
Arjuna Natural Extracts Ltd., SV Agrofood,
Biomax Life Sciences Ltd. (India), Yangling Cuijian Bioengineering Technology
Co., Ltd., Phyto Life Sciences, Curcumex BV, Star Hi Herbs Pvt. Ltd, Helmigs
Prima Sejahtera, NOW Foods, Synthite Industries Ltd., Herboveda India Pvt.
Ltd., Organic India Pvt. Ltd., BioThrive Sciences, Konark Herbals & Health
Care, and The Green Labs LLC are prime players operational in the global
organic curcumin market.
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Impact on Various Industry Verticals and wherever required we will be
considering Covid19 Footprints for Better Analysis of Market and Industries.
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