Curcumin Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025
Global Curcumin Market: Snapshot
Curcumin is basically a bright yellow colored chemical produced by some of the plants. It is the chief curcuminiod of turmeric which is a member of the ginger clan. It is mainly sold as an herbal supplement, food coloring, food flavoring, and cosmetic supplement. The most common applications are flavoring agent for food such as beverages in turmeric flavor, food coloring, cosmetics, and dietary supplement. Curcumin is becoming extremely popular among skin care products that are sold as dyes or natural ingredients. Curcumin exhibits positive results in several drug discovery assays. Although it has been assessed in numerous clinical studies and laboratories, it has less to no medical used as established by structured clinical researches. In spite of curcumin’s mention in history as an Ayurvedic medicine, its medicinal potential still remains unapproved and is a field of active investigation.
The report examines the growth of the global curcumin market that occurred in the last over the last few years and is likely to occur in the coming years. The research publication additionally explains the causes of the fluctuations in the global market. It does this by assessing of the facets and the different trends that have been prevalent from past few years and also the aspects that are anticipated to maintain a strong impact on the market over the coming years. The Porter’s five forces analysis has been considered by analysts to present a clear picture of the vendor landscape to readers. Agreements, mergers, acquisitions, and other dealings have been further mentioned in the study. It focuses on the strategies, products, and market share along with position of the companies operating in the market.
Global Curcumin Market: Trends and Opportunities
The global market for curcumin is likely to display strong growth potential over the coming years owing to growing awareness among consumers pertaining to the presence of artificial ingredients in food, cosmetics, and medicines. Concerns regarding artificial ingredients and their side-effects has impelled manufacturers to use organic ingredients in their products. The market for curcumin is likely to be driven by the presence of anti-cancer, anti-oxidation, and anti-inflammatory properties in cosmetics and medicines. Implementation of government regulations prohibiting the use of certain chemicals is anticipated to increase the adoption of curcumin across several industries. Growing preference of consumers towards the use of herbal skin care products is further expected to benefit the market. The rising acceptance of the product in the treatment of viral infections, tumors, and arthritis is further expected to accelerate the sales of curcumin. The mounting use of curcumin in pharmaceutical applications for treating gastric ailments and diseases such as Alzheimer is expected to augment its demand over the coming years. Curcumin is expected to have high scope in the food and beverages segment, however, the availability of synthetic substitutes may hamper the market’s growth.
Global Curcumin Market: Regional Outlook
Region-wise, Europe is expected to emerge as a prominent market owing to growing consumer expenses on healthy products and regulatory compliance by food safety and pharmaceutical associations. North America is also likely to present profitable opportunities for the market’s growth owing to the growing demand for herbal treatments and applications. High usage of curcumin in Asia Pacific’s food and beverages industry is another notable factor bolstering the growth of the market.
Global Curcumin Market: Vendor Landscape
Some of the leading companies in the curcumin market are Synthite Industries, Hindustan Mint & Agro Products, SV Agrofood, Arjuna Natural Extracts, Herboveda India, Biomax Life Sciences, and Konark Herbals. Most of the companies are India based as the production of curcumin is concentrated mainly in India.
The study presents a granular assessment and quantitative evaluation of:
The region-wise assessment includes market dynamics in:
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report