Xi'an Prius Biological Engineering Co.,Ltd
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As a functional ingredient, the global market for curcumin powder has grown significantly in the past two years. Allied Market Research's latest market research report ，it is pointed out that the global curcumin market in 2017 reached 52.45 million U.S. dollars and is expected to reach 104 million U.S. dollars in 2025, with a compound annual growth rate of 8.9% during the period. At present, the most widely used field of curcumin is in pharmaceuticals. The main reason is that consumers' awareness of curcumin for treating stomach diseases and Alzheimer's disease has increased, which is conducive to product demand. However, as consumers' demand for natural foods continues to increase, it is expected that the proportion of curcumin in food and beverage applications will increase in the next few years, especially in functional products. In 2017, food and beverage accounted for 33.2% of the curcumin powder market, and CARA is expected to be 9.5% in the future.
Taking global new curcumin products as an example, Innova Market Insights market data shows that the number of new curcumin products launched globally has increased by 1.5 times in the past 5 years (2013-2017), with a compound annual growth rate of 9%. Food and beverages have grown the most rapid. From the power of turmeric in Japan to the turmeric latte in the UK, to the turmeric vinegar drink in Temple Turmeric in the United States, turmeric beverages are taking the global health community by storm. Among the new food and beverage products launched around the world in the past 5 years, joint health claims have grown rapidly, with a compound annual growth rate of 82% for products using curcumin as a raw material; demands for exercise recovery and immune health are also growing rapidly, using curcumin powder as a raw material The compound annual growth rate of the products reached 51% and 48% respectively.
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