Curcumin Market Size to Total US$ 95.5 Mn in 2021 Driven by Increasing Application as a Functional Ingredient in Food Industry

Curcumin Market Size to Total US$ 95.5 Mn in 2021 Driven by Increasing Application as a Functional Ingredient in Food Industry

PR Newswire

DUBAI, UAE, Nov. 16, 2021

In its latest study, Future Market Insights (FMI) uncovers hidden growth prospects in the curcumin market for the assessment period 2021-2031. It provides sales projection for various segments in terms nature, form, technology, application, and end-use. The study also discloses trends that are expected to shape growth of the market over coming decade.

DUBAI, UAE, Nov. 16, 2021 /PRNewswire/ -- As per FMI, the global curcumin market is estimated to reach US$ 95.5 Mn in 2021. Increasing application of curcumin across food & beverage, personal care, cosmetics, and other industries will enable the curcumin market size to more than triple, totaling US$ 279.3 Mn, in comparison to the US$ 86.2 Mn registered in 2020.

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Curcumin is gaining popularity as a functional ingredient across the personal care and cosmetic industries owing to its anti-microbial, antioxidant, anti-inflammatory properties. It is increasingly being used for various skin care applications such as prevention of ringworms, leech bites, bruising, eye infection, and swelling among others. Driven by this, the sales of curcumin are expected to grow at an impressive CAGR of 11.3% during the forecast period 2021-2031.

Rising consumer inclination towards plant-based and natural food products will fuel the demand for curcumin functional food and medicines. In addition to this, increasing application of curcumin supplements in the beverage industry for the production of sports and performance drinks, ready-to-drink teas, and energy drinks are anticipated to create lucrative opportunities for the growth of the market.  

On the basis of nature, conventional curcumin is projected to emerge as the most attractive segment in the market, accounting for more than 87.3% of the total curcumin sales in 2021. Increasing application of curcumin (turmeric yellow) and curcumin food color in superfoods in the packaged foods sector and plant-based supplements is favoring the growth in the segment.

"Curcumin functional medicines is making deeper inroads in the healthcare sector. Their use in the treatment of cancer, coronary heart diseases, and neurological disorders for their cardio and neuroprotective benefits is expected to push growth in the market through the forecast period," says a FMI analyst.

Request a report sample to gain comprehensive insights at https://www.futuremarketinsights.com/reports/sample/rep-gb-14133

Key Takeaways from the Curcumin Market Study

Key Drivers

Key Restraints

Read Full Report With Table of Content, Figure And Tables @ https://www.futuremarketinsights.com/reports/curcumin-market/ 

Competitive Landscape

As per FMI, the top five manufacturers in the global curcumin market are estimated to account for nearly 35-45% of the total revenue share in 2021.

Leading players are focusing of adopting growth strategies such as new product launch, production capacity expansion, merger, collaboration, and acquisition to increase their global presence and market share. For instance,

Some of the key players operating in the market profiled by FMI are:

More Valuable Insights on Curcumin Market

The latest report by FMI provides a detailed analysis of the global curcumin market, providing credible insights into key factor driving the market through 2021 and beyond. The study also disclosed growth projections in curcumin market with detailed segmentation:

By Nature:

By Form:

By Application:

By End-Use:

Region:

Key Questions Covered in the Report

Buy The report: https://www.futuremarketinsights.com/checkout/14133 

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About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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