Organic Curcumin Market Trends Trends, Share, Industry Size, Growth, Opportunities and Industry Forecast to 2027
The global Organic Curcumin Market is expected to register a CAGR of 7.47% from 2020 to 2027 and reach USD 190.34 million by the end of 2027.
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 2020
to 2027 (forecast period).
Market Scope
The Organic Curcumin Market Share 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.
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 Organic Curcumin Market 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 Organic
Curcumin 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.
Segmentation
The global Organic Curcumin Market Trends 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.
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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