Press release
2015 - 2021 Global Curcumin Market - Industry Size, Share, Growth, Forecasts
Curcumin is an ingredient of turmeric which is found in limited amounts in ginger. It is a cancer preventive molecule and is anti inflammatory .It is extracted from turmeric and is widely used in pharmaceuticals, food and cosmetics industry for its anti oxidation and anti inflammatory properties. Curcumin is used in the treatment of tumors, arthritis, gastric ailments and viral infections .Rising consumer awareness towards health benefits of curcumin and growing demand for curcumin-based nutritional supplements due to increasing consumer awareness regarding its anti-cancer properties are the main drivers responsible for the growth of global curcumin market.
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Curcumin based supplements have a huge market as they are easily available over the counter without the existence of government regulations. In addition, curcumin is also gaining popularity as an ingredient in cosmetic and herbal skin care products. Therefore, growing demand for ayurvedic and herbal skin care products is expected to drive the market during the forecast period. Moreover, rigorous research and development activities regarding the application of curcumin in dye sensitized PV technologies serve as an opportunity for the market as this application would drive new market avenues for curcumin during the forecast period.
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In terms of application, global curcumin market is categorized into pharmaceuticals, food, cosmetics and others. Pharmaceutical held the largest market share due to rising demand for curcumin based supplements. Increasing demand for herbal cosmetic products is expected to drive the global market of curcumin in cosmetic applications as it serves as a remedy for various skin diseases. Shifting consumer preference towards natural food coloring food substances is expected to increase the demand of curcumin in food applications. However, existence of cheap synthetic food colors serves as a restraining factor in the growth of curcumin market in Rest of the World (RoW) and Asia Pacific region.
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North America held the largest market and is expected to witness significant growth during the forecast period due to growing demand for curcumin based supplements in this region. In addition, increasing demand for curcumin in cosmetic applications is further driving the market hence demand of curcumin is expected to be high during the forecast period in North America. Europe followed North America and the market is expected to grow at a high rate during the forecast period owing to the increasing applications of curcumin in food and pharmaceutical industry. Moreover, research and development activities regarding growing applications of curcumin in treatment of cancer also acts as a driving factor in the growth of curcumin market in Europe. Demand for curcumin is expected to be high in Asia Pacific owing to the growing demand from skin care and cosmetic manufacturers. Herbal products offered by these manufacturers are gaining fast penetration in North American and European markets. This acts as a driving factor in the growth of curcumin market in Asia Pacific region. In addition, manufacturers are highly concentrated in India due to high content of curcumin in Indian turmeric products .Moreover, close proximity to raw materials suppliers is another factor fuelling the growth of curcumin market in India .Hence, demand for it is expected to be high during the forecast period.
Global key participants in the industry include Konark Herbals & Health Care, Biomax Life Sciences Ltd., Hindustan Mint & Agro Products Pvt. Ltd., SV Agrofood, Herboveda India Pvt. Ltd., Hebei Food Additive Co. Ltd., Synthite Industries Ltd. and Arjuna Natural Extracts Ltd. among others.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
North America
Asia Pacific
Europe
Middle East and Africa
Latin America
This report provides comprehensive analysis of
Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
Reasons for Buying this Report
This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
It provides distinctive graphics and exemplified SWOT analysis of major market segments
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