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Demand for Curcumin-based Cosmetics to Impact Market Share of Western and Eastern Markets for 2023

Curcumin market is expected to grow significantly in the near future owing to its increasing demand in cosmetics, food, and pharmaceutical industry.
Published 14 October 2015

Curcumin is an important substance found in turmeric and ginger. It is mainly found in plants from the ginger family, but its presence in turmeric roots lends the plant its unique therapeutic qualities and distinctive yellow color.

Since the ancient times, Ayurveda, the ancient Hindu school of medicine, has studied and prescribed curcumin for treating a variety of infections and other ailments. In recent times, modern medicine has also been studying this substance for its remedial properties to grant patients relief from chronic diseases. Studies have shown that curcumin has anti-tumor properties, as it has the potential to regulate inflammation of cytokines, control protein kinases, prevent growth factors. In the past few years, usage of turmeric has increased by leaps and bounds as medical practitioners have realized the need for this agent for treating modern-day illnesses.

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The global curcumin market is segmented on the basis of industry and therapeutic application. Cosmetics, pharmaceuticals, food, and others use curcumin to a large extent. On the other hand, the therapeutic application of curcumin is seen in arthritis, viral infections, gastric ailments, Alzheimer’s, skin infections, cancer, and others. Geographically, the global curcumin market is segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Rest of the World. 
Anti-tumor Properties to Drive Curcumin Market Across the Globe
According to research analysts at Transparency Market Research, curcumin will be used in the pharmaceuticals industry on a large scale due to the growing demand for curcumin-based supplements. For instance, curcumin is known for its anti-inflammatory properties. This agent helps in reducing inflammation and joint pain. Curcumin-rich supplements are known to offer several benefits to patients suffering from arthritis, viral infections, Alzheimer’s, skin infections, and gastric ailments. A research conducted by the Life Extension Foundation showed that curcuminoids – phenols derived from curcumin – also destroy cancer cell mitochondria, disrupt their cycle of growth, and arrest their carcinogenic development. These anti-tumor properties are likely to win curcumin a huge share in the global market. The utility of curcumin in rheumatoid arthritis treatment is also being researched.
North America to Lead Global Curcumin Market
North America holds the lion’s share in the global curcumin market due to the growing demand for curcumin-based dietary supplements. The growing number of research and development activities concerning curcumin in the biotechnology and pharmaceutical industries is also adding to the region’s market share. The second largest user of curcumin is Europe, due to the presence of massive pharmaceutical and food industries in the region.
Along with this, the emerging economies of China and India in the Asia Pacific region will also contribute to the growing demand for curcumin. This demand will be dominated by cosmetics and skin care manufacturers, who are primarily engaged in exporting their herbal products to Europe and North America. A large number of curcumin manufacturers are located in India, as curcumin levels are the highest in Indian turmeric varieties, which offers a better source of raw materials to the suppliers. The other reason India will emerge as a prominent supplier is the widespread production of turmeric in the region, accounting for about 80% of the global production of curcumin. 
The important players in the global curcumin market are Arjuna Natural Extracts Ltd., Hindustan Mint & Agro Products Pvt. Ltd., Biomax Life Sciences Ltd, Unico Pharmaceuticals, Konark Herbals and Health Care, and Orane Life Sciences.

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Transparency Market Research (TMR) is a U.S. based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.


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