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Curcumin Market By Application (Pharmaceuticals, Food, Cosmetics, Others) - Growth, Share, Opportunities & Competitive Analysis, 2015 - 2022

Curcumin is a bright yellow color derived from curcuminoids which are fat-soluble, polyphenolic pigments. Curcumin is also known as turmeric extract. Curcumin is present in two tautomeric forms, such as enol and keto. The enol form of curcumin is energetically stable in liquids and solid phases. The beneficial properties of curcumin have led to high demand in various ned-user industries in the market. Curcumin possesses anti-inflammatory, antifungal, and antiviral actions. It exerts anti-inflammatory activity by inhibiting a number of different molecules which play an essential role in inflammation.

Based on application, the global curcumin market is segmented into pharmaceutical, food, cosmetics, and cyanide detection and dye. Among these, pharmaceuticals accounted for a larger share of the global curcumin market is expected to rise during the forecast period. Growing demand for curcumin in the pharmaceutical industry has boosted market growth of the global curcumin market. In addition, the beneficial properties of curcumin, such as anti-cancer and antiviral, have made its use in manufacturing a wide range of medicines and herbal supplements. Therefore, the pharmaceutical industry is anticipated to generate high demand for curcumin in the near future. Food accounted for the second-largest application segment of curcumin. Curcumin is widely used as a spice in the Asia Pacific and as a food colorant in the West. Therefore, high demand is reported for curcumin from the Asia Pacific as curcumin is used in Asian cuisine. However, Curcumin is insoluble in water, and this is expected to hinder the growth of the global curcumin market. However, water-soluble salts of curcumin are expected to take over the market as they can be used in a wide range of applications in end-user industries.

The Curcumin market was valued at US$ US$ 35.7 Mn in 2014 and is expected to reach US$ 84.3 Mn by 2022, growing at a CAGR of 11.6% during the forecast period 2015-2022.

Purpose of the Report

The purpose of this strategic research study titled “Global Curcumin Market - Growth, Share, Opportunities, and Competitive Analysis, 2015 – 2022” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them to make informed strategic decisions regarding the opportunities in the global curcumin market.

Target Audience

  • Industry Investors
  • Curcumin Providers/Vendors
  • Research Professionals
  • Emerging Companies
  • Raw Material Suppliers/ Buyers
  • Product Suppliers/ Buyers
  • Research Institutes

USP and Key Offerings

The “Global Curcumin Market - Growth, Share, Opportunities, and Competitive Analysis, 2015 – 2022” offers strategic insights into the global curcumin market along with the market size and estimates for the duration of 2015 to 2022. The research study covers an in-depth analysis of multiple market segments based on end-user applications and a cross-sectional study across different geographies. In order to help strategic decision-makers, the report also includes competitive profiling of the leading curcumin vendors, their expansion strategies, market positioning, and the latest developments. Other in-depth analyses provided in the report include:

  • Current and future market trends to justify the forthcoming attractive markets within the curcumin industry
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Trailing 2-Year market size data (2013 – 2014)
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides the following:

  • A holistic view of the global curcumin market growth.
  • Offering market size and estimates for the period from 2015 to 2022.
  • Keeping in mind the above-mentioned factors. 

On the basis of its application, the curcumin market is categorized into the following segments:

  • Pharmaceuticals
  • Food
  • Cosmetics
  • Others (Dye, Cyanide Detector, etc.)

Pharmaceuticals accounted for a higher share of the global curcumin market in 2015. Curcumin is primarily used in the manufacture of herbal supplements. Growing interest from researchers, consumers, and producers in procuring patent rights has led to rising demand for curcumin in the pharmaceuticals market. The beneficial properties of curcumin, such as anti-inflammatory and antiviral, have attracted the pharmaceutical industry's attention. Studies for analyzing the curcumin nanoformulations in in-vivo and cancer cell lines are also a significant development in the curcumin pharmaceuticals market. Food accounted to be the second-largest application of curcumin worldwide. Curcumin is widely used as a spice in the East and as a food colorant in the West. High demand from the food industry for curcumin as a food colorant has fueled market demand for curcumin. In addition, Curcumin has been tested and proven to be an anti-oxidant and useful for treating acne and pigmentation. Therefore, a high amount of curcumin is used in the production of skin care products as it protects the skin from UV rays and pollution. Hence, the cosmetic industry is also expected to boost the market growth of curcumin. Other applications, which include dye for textiles and detecting the presence of cyanide in drugs, are also projected to fuel market demand for curcumin during the forecast period from 2015 to 2022.

On the basis of geography, the global curcumin market is segmented into the following categories,

  • North America
  • U.S.
  • Canada
  • Rest of North America
  • Europe
  • France
  • Germany
  • UK
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Rest of Asia Pacific
  • Middle East & Africa
  • Latin America

North America accounted for a major global curcumin market in 2014. It accounted for more than 50% share of the global curcumin market. Among the countries in North America, U.S. accounted for a larger share of more than 50% of the global curcumin market. According to the American Botanical Council, over 50% of adults consume botanicals, increasing the consumption of curcumin in the region. Moreover, curcumin herbal supplements are gaining high demand in the market. Therefore, the growing demand for curcumin products in the region is a major factor driving the curcumin market growth. Europe accounted for the fastest-growing region for curcumin worldwide. Increasing demand for curcumin-based pharmaceutical and cosmetic products is driving the curcumin market in the region. In addition, the high demand for curcumin as a food colorant from the food industry is another factor contributing to the demand for curcumin in the region. Furthermore, Curcumin is widely used as a spice in the Asia Pacific. Hence, high demand is generated for curcumin in the region. Other regions, such as Middle East & Africa, and Latin America, are also projected to boost the high demand for curcumin during the forecast period from 2015 to 2022.

Frequently asked questions :

The market for Curcumin Market is expected to reach US$ 84.3 Mn by 2022.

The Curcumin Market is expected to see significant CAGR growth over the coming years, at 11.6%.

The report is forecasted from 2014-2022.

The base year of this report is 2021.

Arjuna Natural Extracts Ltd, Biomax Life Sciences Ltd, Hebei Food Additive Co., Ltd, Herboveda India Pvt. Ltd., Hindustan Mint & Agro Products Pvt. Ltd, Rosun Natural Products Pvt Ltd, Sabinsa Corporation are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Jun 2016
Category:  Food & Beverage
Report ID:   57911
Report Format:   PDF
Pages:   120
Rating:    4.1 (40)
Delivery Time: 24 Hours to 48 Hours   
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