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Report Overview

According to the curcumin procurement report, global consumption is experiencing notable growth, driven by its expanding use in the pharmaceutical, food and beverage, and cosmetics industries. Curcumin, a bioactive compound derived from turmeric, is renowned for its antioxidant, anti-inflammatory, and antimicrobial properties. It is mainly utilized in dietary supplements, functional foods, and natural colorants within category management.

2024

Base Year

2019-2024

Historical Period

2025-2030

Forecast Period

Curcumin Supply-Demand Overview

Market research for procurement professionals highlights that demand for curcumin is being driven by an increasing preference for natural and plant-based ingredients, especially in nutraceuticals and personal care products. The Asia-Pacific region dominates both the prod uction and consumption of curcumin, with India being the largest producer and exporter due to its widespread turmeric cultivation. The growing use of curcumin in pharmaceutical formulations, along with its emerging role in skincare and wellness products and services, further supports pricing strategies.

On the supply side, improvements in extraction technologies and the creation of water-soluble curcumin have improved product quality and stability, addressing various industry demands and curcumin sourcing needs. However, challenges like fluctuations in turmeric prices, the limited availability of high-quality raw materials, and strict regulations regarding purity, pricing models, labeling, and negotiation strategies affect supply dynamics, according to the curcumin procurement report. Investments in sustainable sourcing and organic farming practices are boosting supply reliability and meeting consumer demand for clean-label products, driving procurement research.

Curcumin Cost Structure

According to the curcumin procurement report, the cost modeling of curcumin is mainly driven by raw materials, extraction methods, pricing strategies, operational expenses, and regulatory compliance. Turmeric rhizomes, the primary raw material, represent a significant portion of the costs. Price fluctuations are influenced by seasonal yields, agricultural practices, weather conditions, and pricing models in key producing regions such as India.

According to the curcumin procurement report, energy costs play a significant role in the overall cost structure, particularly during extraction and drying processes. Solvent-based extraction methods are effective but require considerable energy and specialized equipment. While water-based and supercritical COâ‚‚ extraction methods are more eco-friendly, they come with higher initial investments, impacting cost modeling.

Curcumin Procurement Intelligence Report

Labor costs, plant maintenance, and overheads vary by region, with automation and process optimization helping reduce expenses. Compliance with food safety standards and organic certifications adds to the pricing strategies, especially in developed markets where strict labeling and purity regulations are in place in accordance with the curcumin procurement market report.

Packaging and transportation costs depend on proximity to markets, as curcumin is globally exported in powdered or encapsulated forms as per the curcumin procurement report. The adoption of sustainable packaging and cold-chain logistics can help reduce costs while maintaining product integrity.

Curcumin Pricing Trends

According to the curcumin procurement report, the prices are influenced by fluctuations in raw material costs, global demand, negotiation strategies, and production scalability. Prices have increased in recent years due to rising demand for organic and high-purity curcumin, especially in dietary supplements and pharmaceuticals.

Seasonal variations in turmeric supply, geopolitical factors, and changes in export policies from major producing countries also affect pricing models. Furthermore, growing consumer awareness of the health benefits and clean-label ingredients has led to higher prices for certified organic and sustainable curcumin sourcing.

Technological advancements in extraction methods and investments in cultivation practices are expected to improve yields and lower production costs, contributing to more stable prices over time. However, as noted in the curcumin procurement report, ongoing regulatory requirements and quality standards may continue to exert upward pressure on prices in certain regions.

Curcumin Procurement Best Practices

According to the curcumin procurement report, strategies in the curcumin industry focus on cost-efficiency, quality assurance, and maintaining a stable supply chain. Long-term supplier contracts are established to reduce price volatility and ensure a steady supply of raw materials. Sourcing directly from turmeric-producing regions such as India helps lower costs and strengthens supplier relationships while supporting pricing strategies.

As per the curcumin procurement market report, the diversifying supply sources and forming partnerships with certified organic farms promote sustainability and minimize reliance on specific regions. Quality certifications, including ISO, GMP, and USDA Organic, are emphasized to meet regulatory standards and consumer expectations in category management.

The procurement research highlights the use of digital procurement platforms and data analytics tools to enhance demand forecasting and inventory management. Furthermore, investments in sustainable sourcing and eco-friendly production methods align with the growing emphasis on environmental responsibility and regulatory compliance.

Key Players in the Curcumin Industry

Wacker Chemie AG

Wacker Chemie AG, founded in 1914 and based in Munich, Germany, produces silicones, polymers, and biotech solutions, serving construction, automotive, and consumer goods industries with a focus on innovation and sustainability.

Synthite Industries Ltd.

Founded in 1972, Synthite Industries Ltd is a leading Indian producer of value-added spices, oleoresins, essential oils, and herbal extracts, serving food, beverage, health, nutrition, and personal care industries.

Shaanxi Jiahe Phytochem Co., Ltd

Shaanxi Jiahe Phytochem Co., Ltd, based in China, specialises in researching, producing, and marketing natural plant extracts and derivatives for pharmaceutical, nutraceutical, and cosmetic industries, focusing on quality and innovation.

SV Agrofood

SV Agrofood is an Indian company engaged in the manufacturing and exporting of natural food supplements. As per the curcumin procurement market, their product range includes herbal extracts, essential oils, carrier oils, organic products, and nutraceutical ingredients.

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Recent Developments in the Curcumin Industry

  • In February 2023, Herbalife Nutrition utilised nanotechnology to create a turmeric-based supplement aimed at improving the solubility and absorption of curcumin in the body. According to the curcumin procurement report, the product was initially introduced in Indonesia and is now available across the Asia Pacific region.
  • In September 2022, NextEvo Naturals introduced the Revive CBD Complex Curcumin and Hemp Extract. The brand, known for its innovative approach to delivering nutritional compounds, designed Revive to offer consumers an exceptional experience with its vegan, non-GMO, and gluten-free formula.
  • In July 2021, Pharma Way North America introduced DOT SHOT, an ultra-soluble curcumin wellness drink designed to enhance the bioavailability of curcumin, aiming to provide consumers with an effective and convenient method to incorporate curcumin into their daily routines. While initially available online, the company announced to expand the product distribution into retail markets in 2022.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

As per curcumin procurement report the industry is projected to grow at a CAGR of 5.50% between 2025 and 2030.

The curcumin production is concentrated in Asia Pacific region.

The global curcumin consumption is experiencing significant growth, driven by its widespread applications in industries such as pharmaceutical, food and beverages, cosmetics, and others.

By form, the market is divided into liquid and powder.

The primary raw materials used are turmeric root (curcuma longa), turmerones, and polysaccharides.

Procurement best practices in the curcumin industry include supplier qualification, organic certification, regulatory compliance, quality testing, sustainable sourcing, cost optimisation, long-term contracts, traceability, risk management, and maintaining a diversified supply chain.

The competitive landscape consists of Wacker Chemie AG, Biomax Life Sciences, Synthite Industries Ltd., Shaanxi Jiahe Phytochem Co., Ltd, SV Agrofood, and Nuvothera, Inc., among others.

The market is broken down into North America, Europe Middle East and Africa, Asia Pacific, and Latin America.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2024
Historical Period 2019-2024
Forecast Period 2025-2030
Growth Rate CAGR of 5.50 from 2025 to 2030
Regional Cost Structure Key Cost Indicators, Cost Breakdown by Component
Raw Material Market Outlook Raw Material Market Analysis, Mapping of Key Raw Material Suppliers, Availability of Raw Material by Region, Pricing Outlook of Key Raw Materials
Key Sourcing Strategies Vendor/Supplier Selection, Price and Contract Model Structure, Sourcing Model, Negotiation Strategy
Supplier Analysis Supplier Selection, Key Global Players, Key Regional Players, Supplier Profiles and SWOT Analysis, Innovation and Sustainability
Companies Covered Wacker Chemie AG, Biomax Life Sciences, Synthite Industries Ltd., Shaanxi Jiahe Phytochem Co., Ltd, SV Agrofood, and Nuvothera, Inc., among others.

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