Curcumin is a compound found in special herbs such as turmeric, Reishi mushroom, Licorice, and clover among others. Curcumin is the substance that gives these herbs & spices numerous health benefits. Organic curcumin refers to the extraction of curcumin from completely natural and organically sourced produces.
According to a recent study report published by Market Research Future, the global: organic curcumin market research report 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 spreading awareness towards curcumin’s health benefitting properties is the key driving force behind the growth of the market.
Loaded with antioxidant and anti-inflammatory properties, curcumin offers several health benefits. Consumption of curcumin can assure a naturally reduced inflammation throughout the body, may help prevent types of cancer and heart diseases. Curcumin supports skin health by protecting it from oxidative stress and inflammation. Also, curcumin is widely used to impart color and flavor to food.
As a result, curcumin finds its huge application in various health befitting products such as medicines, health nutrition, dietary supplements, and functional foods as well as in personal care and cosmetic products and as a food additive. Curcumin is one of the most extensively studied ingredients for dietary supplements, and functional foods.
These researches continue to grow and expand into a variety of areas of health benefits due to the immense potential curcumin shows as a natural healing remedy. Curcumin’s rise to supplement stardom was rapid. The popularity of this powerful compound continues to climb as research expands the breadth of its health benefits and innovation driving its market forward.
Led by the changing lifestyle and increasing interest in the healthy lifestyle, the demand for organic curcumin has increased recently especially from the industries such as natural and dietary food & beverages and pharmaceutical among others which, in turn, is propelling the growth of the market. The massive market penetration is leading to the development and subsequent introduction of new curcumin products.
Development of distribution channel such as retail sales of curcumin products across various regions is impacting the growth of the market positively, increasing the accessibility to genuine curcumin products. The market players are responding to these new opportunities by expanding their service offerings and product lines which is improving the economy of the market.
Additionally, a massive demand from the cosmetic and herbal skin care products industry and the enhancement of the product development alongside the technological advancements are some of the significant factors reasoning the increasing growth of the organic curcumin market during the forecast period 2017-2023.
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Global Organic Curcumin Market – Segments
For ease of understanding, the analysis has been segmented into four key dynamics:
By Form: Powder, Oil, Capsules, Tablets, and Creams among others.
By Product Type: Red Clover Extract, Licorice Extract, and Reishi Extract among others.
By Distribution Channel: Store-based (supermarkets & hypermarkets, specialty stores, and food processing industries, others) and non-store based.
By Region: North America, Europe, Asia Pacific, and the Rest-of-the-World.
Global Organic Curcumin Market – Regional Analysis
The Asia Pacific region heading with its high-tech production and formulation process dominates the global organic curcumin global market. The region is a hub for the cultivation/production of herbs like turmeric, Reishi mushroom, Licorice, and clover which are four of the major basil curcumin is extracted from, largely.
The massive growth of the pharmaceutical and cosmetic industry in some of rapidly developing APAC countries is driving the regional market, creating a huge demand for organic curcumin products. Moreover, the presence of key manufacturers such as Arjuna Natural Extracts and Biomax Life Sciences is fostering the growth in the regional market.
Additionally, factors such as the growing food and beverages industry, changing consumer preferences for natural, dietary, and healthy products are boosting the growth of the curcumin market in the APAC. Also, the growing demand for dietary supplements, cosmetics, food coloring, as well as a flavoring agent in foods and beverages will support the sale of organic curcumin products in various APAC countries over the forecast period.
The organic curcumin markets in well-developed regions of North America and Europe are also growing significantly. The spike in growth can be attributed to the rising acceptance of herbal products as well as the increasing use of curcumin products in various other industries that are led by the spreading awareness towards the health benefits of curcumin products.
Global Organic Curcumin Market – Competitive Analysis
Highly competitive, the organic curcumin market appears fragmented due to the presence of several large and small-scale players. These players account for a substantial market share forming a competitive landscape.
Emphasizing on new product development initiatives, and geographical expansion; they compete based upon price and brand reinforcement. Most of the players incorporate strategic initiatives such as acquisition, collaboration, partnership, expansion, and technology launch to gain an edge over their competition and maintain their positions in this market.
Major Players:
Key Organic Curcumin Market Players are Arjuna Natural Extracts Ltd (India), Biomax Life Sciences Limited (India), Helmigs Prima Sejahtera (Indonesia), Yangling Cuijian Bioengineering Technology Co., Ltd. (China), Curcumex BV (Netherlands), Herboveda (India), and Synthite Industries Ltd. (India), among others.
Industry/Innovation/Related News
April 11, 2019 --- Arjuna Natural Extracts Ltd. (India), a leading global biotech & pharma company including the manufacturing of industrial organic chemicals announced receiving a new patent in Europe for its applied technology, which improves the bioavailability of curcumin through a 100% natural formulation.
The patent helps to address much confusion in the market regarding curcumin absorption and oral bioavailability. The patented BCM-95 Curcugreen formulation provides biologically active curcumin with essential oil of turmeric with a 100% natural formulation.
Arjuna is already a leading brand for composition and manufacturing processes of curcumin extract in the United States, Japan, and Europe. Protected by 49 patients (14 in the US, 2 in Japan and 33 in European Countries), the BCM-95 formulation enjoys GRAS status as a pure and trusted brand for use in medical foods.
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