#Global #Curcumin #Market #Size #Surpass #Revenue
London, Oct. 11, 2022 (GLOBE NEWSWIRE) — In line with the recently inflating demand for curcumin, a new Fairfield Market Research study forecasts a strong 10% CAGR for global curcumin market during 2021 – 2025. The report foresees the market to reach the revenue of around US$112.5 Mn by 2025 end, up from US$69.8 Mn recorded in 2020. While curcumin has been recognized worldwide for its exceptional anti-inflammatory and wound-healing properties, the excellent therapeutic and medical properties are expected to push its penetration across the dietary supplements sector. The key benefits like assured pharmacological security, and competitive costs will continue to uphold the performance of curcumin market further. COVID-19 pandemic has been a major booster to curcumin market players as the disease outbreak elevated demand for natural immunity boosters worldwide. In addition to the desirable flavour and colour, curcumin has recently gained stronger ground based on its therapeutic attributes. Increasing curcumin uptake across F&B industry for innovative products like turmeric coffee or tea, and other turmeric-flavoured beverages is likely to unlock new opportunities in curcumin market, says the report.
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Key Research Insights
- Organic curcumin variant, with the current 19% share in global market revenue, awaits its entry into the established markets
- Uptake by pharma and dietary supplements, and F&B accounts for a collective revenue share of more than 75%
- Curcumin markets in North America, and Europe extend a collective market value share of more than 65%
Insights into Segmental Analysis
Growing awareness about the exceptional benefits of curcumin from turmeric, and ginger as touted by the Ayurveda is projected to heighten the growth outlook of global curcumin market.
The report findings reveal that the curcumin consumption by pharma and dietary…
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