The curcuma longa (turmeric) root extract market is likely to register a CAGR of 8.5% during the forecast period, and is anticipated to reach a market share of USD 178.32 million by 2032, from USD 78.87 million in 2022.
| Report Attributes | Details |
|---|---|
| Curcuma Longa (Turmeric) Root Extract Market (2021) | USD 71.57 Million |
| Curcuma Longa (Turmeric) Root Extract Market (2022) | USD 78.87 Million |
| Curcuma Longa (Turmeric) Root Extract Market (2032) | USD 178.32 Million |
| Curcuma Longa (Turmeric) Root Extract Market CAGR (2022-2032) | 8.5% |
The demand for Curcuma longa (turmeric) root extract is on the surge as it is widely used to render a treatment for illnesses including gastric ulcers, aches, Inflammation, arthritis, hyperlipidaemia, digestion issue, gastritis and anxiety.
It is a flowering plant that provides turmeric from the root which is utilised in cooking as a spice, therefore the sales of Curcuma longa (turmeric) root extract are rising in the market.
The rising demand for Curcuma longa (turmeric) root extract can also be attributed to its properties which glow your skin and get rid of related diseases such as parasitic diseases, ringworm, eczema, chicken pox, and obstinate itching.
It contains manganese, potassium, fibre, omega-3 fatty acid and iron which helps to reduce the swelling and overcome the types of skin related problems, soaring the sales of Curcuma longa (turmeric) root extract during the forecast period.
The observed shift in consumer attitudes about the benefits of employing organic and natural components in medicinal, cosmetic, and food applications, is likely to expand the demand for Curcuma longa (turmeric) root extract.
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Consumers are influenced by growing natural, health-consciousness, and treatment trends impacting the consumer buying behaviour and overall beauty industry which affects the demand for Curcuma longa (turmeric) root extract along with the sales of Curcuma longa (turmeric) root extract.
The sales of Curcuma longa (turmeric) root extract are also expected to climb up as consumers, nowadays, are rapidly inclining towards naturally derived beauty products.
Consumers, mainly millennials, are emphasizing more towards a healthy lifestyle and are proactive in learning the value proposition of personal care products.
These factors are very likely to positively influence the demand for Curcuma longa (turmeric) root extract in tandem with the sales of Curcuma longa (turmeric) root extract.
The growing sales of Curcuma longa (turmeric) root extract is also contributed by the demand for numerous herbal products, and a rise in consumer awareness regarding the use of chemicals in cosmetics.
Increasing personal grooming among consumers is also considered as one of the prominent factors fuelling the demand for Curcuma longa (turmeric) root extract from 2022 to 2032.
The adoption of Curcuma longa (turmeric) root extract in the personal care and cosmetics industry is likely to rise, thereby spiking the demand for Curcuma longa (turmeric) root extract during the forecast period.
All natural beauty products are expensive, and people with limited disposable income are unable to purchase them and the same is expected to impede the demand for Curcuma longa (turmeric) root extract.
However, side effects associated with products such as discomfort and allergy are one other factor that may hamper the demand for global Curcuma longa (turmeric) root extract in tandem with the sales of Curcuma longa (turmeric) root extract.
Moreover, the sales of Curcuma longa (turmeric) root extract may dwindle due to the presence of the substitute ingredients such as saffron, mustard powder and ground ginger, which are the finest substitute ingredients that use in cooking for colouring it.
The Asia-Pacific region is expected to dominate the global Curcuma longa (turmeric) root extract market share during the forecast period (2022-2032).
Southern Asia is followed by East Asia owing to the high demand for Curcuma longa (turmeric) root extract, high consumption of Curcuma longa (turmeric) root extract, and the presence of key players in the region.
Countries such as China, Japan, India and South Korea are the forefront of the market, where the sales of Curcuma longa (turmeric) root extract are on a rising trajectory.
Flavouring food and growing Curcuma longa (turmeric) plants to rise the production during the forecast period worldwide, and in turn the sales of Curcuma longa (turmeric) root extract.
North America region is likely to augment the production for skincare start-up companies to enlarge its Curcuma longa (turmeric) root extract market share during the forecast period.
The region generates a healthy CAGR during the forecast period owing to the rise in demand for Curcuma longa (turmeric) root extract based ayurvedic skincare products.
The US is anticipated to lead with various branded skincare companies that generate huge revenue in the region during the forecast period, enlarging the Curcuma longa (turmeric) root extract market share.
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Increasing production of Curcuma longa (turmeric) root extract by prominent players along with expanding collaborations and strategic partnerships with local players are likely to boost the revenue from 2022 to 2032.
Many manufacturing companies are playing a key role in the Curcuma longa (turmeric) root extract market growth.
Some of the key players holding a sway over the Curcuma longa (turmeric) root extract market share include The Lubrizol Corporation, FLAVEX Naturextrakte GmbH, GfN & Selco, Evonik Nutrition & Care GmbH, Radiant Inc., Chemyunion, Salicylates and Chemicals Pvt Ltd., and others.
| Report Attribute | Details |
|---|---|
| Growth rate | CAGR of 8.5% from 2022 to 2030 |
| Base year for estimation | 2021 |
| Historical data | 2015 to 2020 |
| Forecast period | 2022 to 2032 |
| Quantitative units | Revenue in USD billion, volume in kilotons, and CAGR from 2022 to 2032 |
| Report coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis |
| Segments covered | Product type, end use, material type, region |
| Regional scope | North America; Western Europe; Eastern Europe; Middle East; Africa; ASEAN; South Asia; Rest of Asia; Australia and New Zealand |
| Country scope | USA, Canada, Mexico, Germany, UK, France, Italy, Spain, Russia, Belgium, Poland, Czech Republic, China, India, Japan, Australia, Brazil, Argentina, Colombia, Saudi Arabia, UAE, Iran, South Africa |
| Key companies profiled | The Lubrizol Corporation; FLAVEX Naturextrakte GmbH; GfN & Selco; Evonik Nutrition & Care GmbH; Radiant Inc.; Chemyunion; Salicylates and Chemicals Pvt. Ltd.; and others |
| Customization scope | Free report customization (equivalent to up to 8 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
The Curcuma longa (Turmeric) root extract market is anticipated to register a CAGR of 8.5% during the forecast period.
The Curcuma longa (turmeric) root extract market share is anticipated to reach USD 178.32 million by 2032.
The Curcuma longa (turmeric) root extract market is predicted to rise significantly as consumer knowledge of its medicinal potential grows.
| Estimated Market Size (2024E) | USD 46.5 billion |
|---|---|
| Projected Market Value (2034F) | USD 81 billion |
| Value-based CAGR (2024 to 2034) | 5.7% |
| Market Estimated Size in 2024 | USD 58.9 million |
|---|---|
| Projected Market Value in 2034 | USD 234.8 million |
| Value-based CAGR (2024 to 2034) | 14.8% |
| Projected Forecast Value (2023) | USD 1.40 billion |
|---|---|
| Projected Forecast Value (2033) | USD 2.85 billion |
| CAGR (2023 to 2033) | 7.4% |
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Curcuma Longa (Turmeric) Root Extract Market
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