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Curcumin Market to Rise at a Rapid Rate, Improved Business Agility and Forecast to 2031 | Biomax Life Sciences Ltd, SV Agrofood, Hebei Food Additive Co Ltd
Curcumin Market - insightSLICE
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The key factor driving growth of global curcumin market is the rising demand for curcumin in the ayurvedic and herbal skin care products. Curcumin is gaining popularity as an ingredient in herbal skin care products. Because of the medicinal properties, curcumin has been the subject of much interest and research over the last few decades. The most common applications of curcumin are as a food coloring, in cosmetics and as flavoring for foods such as turmeric-flavored beverages. All these benefits and application of curcumin are expected to drive demand for the same during the forecast period.
The report covers key developments in the Curcumin market based on organic and inorganic strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of prominent market players.
Some of the Top companies Influencing in this Market include: Konark Herbals & Health Care, Hindustan Mint & Agro Products Pvt. Ltd., Biomax Life Sciences Ltd., SV Agrofood, Hebei Food Additive Co. Ltd., Herboveda India Pvt. Ltd., Arjuna Natural Extracts Ltd., Synthite Industries Ltd., Star Hi Herbs and Helmigs Prima Sejahtera.
COVID-19 Impact-
Pandemic Affected the Market Growth
The product demand has experienced a drastic impact due to the coronavirus pandemic. Strict curfews and lockdowns imposed to curb the virus spread have disrupted the supply chain. The disruptions in supply chain networks and difficulty in raw material procurements have in turn affected the market growth. Additionally, labor shortages and indefinite shutdowns of manufacturing plants have negatively impacted the market growth. However, the efficacious vaccination processes are helping the market to stabilize and grow.
Segmentation Overview:
By Application
Pharmaceutical
Food
Cosmetic
Others
Segmentation by Region with details about Country-specific developments
- North America (U.S., Canada, Mexico)
- Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe, CIS)
- Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)
- South America (Brazil, Rest of South America)
- Middle East and Africa (UAE, Saudi Arabia, South Africa Rest of Middle East)
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Objectives of the Report:
• To profile leading players and estimate their market shares.
• The expected growth of the Curcumin industry in % by the end of 2031 is given in the report.
• To elaborate the prevalent trends in the industry, future estimations and opportunities for growth in the industry.
• To study and analyzes relevant data which allows the market players to turn this valuable information into actionable business plan for future.
Key Questions Answered in the Report:
- Which products of the global Curcumin market have seen increasing demand in recent years and are poised for potential market growth in the years ahead?
- What would be the global Curcumin market value chain of the future be like?
- What are the quantitative and qualitative disclosures about the Curcumin market risk?
- What are the key business segments, geographic areas, raw material scenario, competitive environment, and risk factors associated with the Industrial Curcumin industry?
- What are the risks related to the Curcumin market development and competition?
- What are the regulatory activities, strategic initiatives, market trends, economic conditions, financial state of the global Curcumin market?
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We are a team of research analysts and management consultants who share a common vision to help individuals and organizations achieve their short-term and long-term strategic goals by expanding high-quality research services. insightSLICE was established to support mature companies, start-ups and non-profit organizations in various industries, including packaging, automotive, healthcare, chemicals and materials, industrial automation, consumer products, electronics and semiconductors, IT and telecommunications, and energy. Our internally experienced team of analysts has extensive experience in the research industry.
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