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.
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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.
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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.
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