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What are the Growth Drivers of Curcumin Market? Bureau Veritas, SV Agrofood, Synthite Industries Ltd, BIOMAX LIFE SCIENCES LIMITED, Herboveda India, Food&Feed Additives, Tri Rahardja PT, Konark Herbals & Health Care

Curcumin Market

Curcumin Market

Growing demand for sustainable cosmetic products will drive curcumin market growth. Increased product usage in treatment of several skin diseases owing to its prevention from ultraviolet (UV) radiation properties has enhanced product penetration. Offering antioxidants to skin that provides protection from harmful sunrays will increase demand in creams and lotions. For instance, every year around 5.4 million cases of the nonmelanoma skin cancer disease id treated in the U.S. Changing income trends and increasing consumer spending on organic cosmetics has stimulated curcumin demand. Global cosmetics industry spending was over USD 290 billion in 2016. Skin conscious & well-informed customers are preferring personal care products that are free from the synthetic & harmful products and are manufactured from the herbal & ayurvedic products and do not harm skin.

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Company Profiles
1. Bureau Veritas
2. Synthite Industries Ltd
3. BIOMAX LIFE SCIENCES LIMITED
4. Herboveda India
5. HINDUSTAN MINT AND AGRO PRODUCTS PRIVATE LIMITED
6. Arjuna Natural Extracts Ltd
7. Star Hi Herbs Pvt Ltd. – India
8. SV Agrofood
9. Food&Feed Additives
10. Tri Rahardja PT
11. Konark Herbals & Health Care

Browse key industry insights spread across 270 pages with 537 market data tables & 14 figures & charts from the report, “Curcumin Market”, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/curcumin-market

It is the presence of curcumin in turmeric that gives it the therapeutic qualities. This makes the product to be also used in the treatment of viral infections, tumours, and arthritis. In addition, benefits of curcumin in managing lipid levels, alleviating depression, and metabolic syndrome will add to the curcumin market growth. As per a report by Global Market Insights, Inc., “Curcumin market size worth USD 39 million in 2015, is estimated to register a CAGR of 9.5% over the period of 2016-2024.”
U.S. curcumin market has gained significant traction from the rising product demand in the cosmetic sector. In the past few years, the popularity of organic and ayurvedic products have increased exponentially among the consumers, which has significantly increased the regional demand. Evidences showing the use of curcumin as an anti-cancer drug has also set the US market to record lucrative avenues in future. U.S. curcumin industry share from cosmetics applications is foreseen to record a CAGR of 10% over the period of 2016-2024.

The presence of anti-oxidants in curcumin has driven the curcumin market size in the cosmetic sector, which is projected to witness highest growth rate of over 13% over the period of 2016-2024.
India is a dominant curcumin producer, contributing nearly 78% of the global output. The nation is a hub to many large and small scale manufacturers of curcumin products and has a healthy market dynamics. Food sector will foresee gains over 12% up to 2024. Increasing application scope in the food & beverages sector due to rising demand for the natural colorants is a lucrative factor to favor the product demand. The product is widely used to flavor and color the foodstuffs including butter, margarine, cheese, mustard, and pickles.

Cosmetics will be valued at over 5 million by 2024. The skin care industry is expected to benefit from consumer preference to avoid chemicals ingredients derived from synthetic sources. Emerging economies including India and China have seen a tremendous growth of such products in the past few years owing to growing awareness about the ill effects of synthetically derived products and rise in living standard.
North America curcumin market will grow over 11.5% up to 2024. The industry growth is mainly driven by rise in aging population and presence of several cosmetic international brands in the region. The product is a well-recognized ingredient for pharmaceuticals for its high quality medical and herbal properties in the region.

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Asia Pacific market generated more than USD 5 million in 2016. Increased research & development activities owing to rising applications of curcumin in the treatment of cancer acts as a key driving factor for curcumin market growth in Europe. Additionally, manufacturers are mainly concentrated in India owing to the high content of the product in the Indian turmeric products.
Global industry is fragmented with presence of numerous international and local industry players. Some of major players include Synthite Industries, Biomax Lifesciences, and Hindustan Mint and Agro Products.

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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
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