The size of the world's curcumin market, which was estimated at USD 58,199.4 million in 2020, is projected to increase at a 16.1% CAGR from 2020 to 2028. The product's natural qualities, such as its anti-cancer, anti-oxidant, and anti-inflammatory characteristics, can be credited with this growth. As a result, the market is anticipated to increase throughout the projected period. It is also frequently used in skin-care applications, such as the prevention of ringworms, eye infections, leech bites, painful skin, bruises, and swelling. An active component called curcumin is frequently derived from ginger and turmeric.
Curcumin is a hydrophobic and lipophilic compound, and the pharmaceutical industry uses it primarily for its traditional medicinal use. Several studies are also being done to see if curcumin can be delivered through different nanoparticles, such as dendrimers, polymeric nanoparticles, and nano-gels, to treat various neurological illnesses and cancer. It has been demonstrated to offer major health advantages and the ability to prevent a number of diseases, such as Alzheimer's, coronary heart disease, and cancer.
With the greatest revenue share of more than 51% in 2020, the pharmaceutical application segment held the market's top position. From 2020 to 2028, the segment is anticipated to grow at the fastest CAGR. Curcumin has long been used to treat inflammation and infections in traditional Asian herbal remedies. During the course of the projected period, the cosmetics application category is anticipated to develop significantly.
Curcumin's suitability for cosmetic use is largely due to its anti-inflammatory, antioxidant, and anti-aging qualities. By reacting with protein, DNA, and fatty acids, free radical species produced as a result of UV radiation exposure further irritate the epidermis.
These free radicals harm the skin as well, resulting in apparent signs of photoaging as hyperpigmentation, wrinkles, and a loss of skin firmness. Products with curcumin in them can lessen these effects. As a result, brand owners in the cosmetics and personal care sectors are progressively adding it as an additive.
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