The Latin America, Middle East and Africa Curcumin Market would witness market growth of 17.9% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 224.9 Tonnes, showcasing a growth of 19.0% (2023-2030).
The product's innate anti-inflammatory, antioxidant, and anti-cancer qualities are responsible for this expansion. As a result, the market is anticipated to increase throughout the projected period. It is also frequently used in skincare applications, such as preventing ringworms, eye infections, leech bites, painful skin, bruising, and swelling. It is a substance extracted commonly from turmeric and ginger. The product's demand in other regions will be driven by consumers' growing awareness of its health benefits and expanding medicinal value. A change in consumer preferences and a growing awareness of the advantages of utilizing organic and natural ingredients in medical, cosmetic, and food applications will additionally support product demand throughout the projected period.
Health and wellness have emerged as one of the most important concerns for consumers. The demand for natural products with immune-boosting qualities has dramatically expanded in recent years. In recent years, natural extracts have acquired popularity due to their efficacy against various ailments. Since ancient times, turmeric has been used in various medical and cosmetic formulations in many nations, particularly India. It is still used nowadays in cosmetic products. Multiple clinical trials conducted by research organizations have demonstrated that curcumin possesses antioxidant and anti-inflammatory properties, making it suitable for developing dietary supplements and cosmetic formulations.
In the UAE, where conditions like arthritis and inflammatory bowel disease are prevalent, curcumin extract reduces inflammation and alleviates symptoms. Clinical trials in the UAE have explored the potential of curcumin extract in improving cardiovascular health. Clinical research on curcumin's neuroprotective properties has implications for conditions like Alzheimer's and Parkinson's. Clinical applications involving curcumin extract are relevant in the UAE, where neurological disorders are a concern. Curcumin's potential to support respiratory health is significant in Saudi Arabia, where environmental factors, such as dust and sandstorms, can impact lung health. All these factors will uplift the regional market expansion in coming years.
The Brazil region dominated the LAMEA Curcumin Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,685.8 Thousands by 2030. The Argentina region is showcasing a CAGR of 18.6% during (2023 - 2030). Additionally, The UAE region would register a CAGR of 17.5% during (2023 - 2030).
Based on Nature, the market is segmented into Conventional, and Organic. Based on Application, the market is segmented into Pharmaceutical, Food, Cosmetics, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Curcumin Market is Projected to reach USD 219.4 Million by 2030, at a CAGR of 14.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Wacker Chemie AG, Hindustan Mint & Agro Products Pvt. Ltd, Arjuna Natural Extracts Ltd, Synthite Industries Ltd., SV Agrofood, Star Hi Herbs Pvt. Ltd., Herboveda India Pvt. Ltd., Konark Herbals & Healthcare, Sabinsa corporation and The Green Lab LLC.
By Nature (Volume, Tonnes, USD Million, 2019-30)
By Application (Volume, Tonnes, USD Million, 2019-30)
By Country (Volume, Tonnes, USD Million, 2019-30)
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