Latest
industry research report on: Global Curcumin
Market :
Industry Size, Share, Research, Reviews, Analysis, Strategies,
Demand, Growth, Segmentation, Parameters, 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.
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. 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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