The global curcumin market is growing rapidly and is expected to become a $ 112 million market by 2025, according to the latest study by Fairfield Market Research.
India being one of the major producers of turmeric, contributes 80% to global production. Over 250,000 hectares is used for turmeric cultivation in India, with an average yield of 5646.34 kg per hectare. The important turmeric growing States in India are Telangana, Tamil Nadu, Orissa, Maharastra, Assam, Kerala, Karnataka and West Bengal.
Curcumin or turmeric has been garnering exceptional popularity as an antioxidant-enriched key active ingredient in turmeric. Growing consumption of curcumin and curcumin-based products for their natural anti-inflammatory attributes are expected to drive the global curcumin market growth.
As per the Fairfield market research the skincare section remains one of the key features for customer attraction as it largely leverages the naturally brightening characteristics of curcumin, especially across the Asian subcontinent.
Beyond its traditional consumer in Asia, curcumin has recently started penetrating the European markets more deeply. The main European countries are likely to uphold the market growth with the growing demand for medicinal, pharmaceutical, and therapeutic benefits of curcumin.
The versatile nutritional profile of curcumin has been recognized and the active ingredient makes it a potentially helpful product in the treatment of gastrointestinal conditions, cardiovascular disorders, and lifestyle diseases.
According to the study dietary supplements will also continue to be the top consumer segment as it has majorly upheld the competitive costs and pharmacological security of curcumin that places it above several other dietary supplements.
Expanding the clinical utility of curcumin extract has been improving the scope for its penetration across the pharmaceutical, and cosmetics industries. This is likely to fuel the growth of the curcumin market significantly. To promote the growth of turmeric, the state government of Telangana has initiated Turmeric Spice Park to encourage turmeric growers of Nizamabad belt to make export-oriented value added products and to withstand the fluctuations in prices.