Organic Curcumin Market Overview Highlighting Major Drivers, Trends, Growth and Demand Report 2027
Global Organic Curcumin Market Scope:
The global Organic
Curcumin Market Size 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 antioxidant 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 2024
(forecast period).
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.
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.
Segmentation:
The global Organic
Curcumin Market Overview 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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