San Francisco, 28
September 2018: The global curcumin market size
is expected to reach USD 130,671.7 thousand by 2025, according to a new study
by Grand View Research, Inc., registering a 13.3% CAGR during the forecast
period. Anti-inflammatory and antioxidant properties of curcumin make it an
ideal ingredient in several food and medical applications. The market is
expected to witness significant growth in light of growing consumer awareness
regarding the aforementioned therapeutic properties.
Turmeric or curcumin is
popularly used in cosmetic products. In India, turmeric forms a key ingredient
in numerous Ayurveda medicines. It is used to prevent and heal dry skin, treat
acne and eczema, and slow down the aging process. Natural cleansers, such as
milk, when mixed with turmeric, serve as effective natural cosmetics. Glowing
skin and controlling and reducing formation of wrinkles and lines are some of
the benefits of these cosmetics. Turmeric is also used for dyeing silk, cotton,
wool, and fabrics for a yellowish shade. The dye is also used as a coloring
material in rice milling and leather dyeing.
Pharmaceuticals formed
the largest application segment in terms of volume, accounting for a share of
over 50.0% in 2016, owing to increasing demand for curcumin-based OTC
supplements. Demand in food applications has also witnessed a surge in terms of
absolute volume on account of growing demand for natural coloring and flavoring
substances.
Players in the market
include Wacker Chemie AG, BioMax Life Sciences Ltd., Synthite Industries Ltd.,
Hindustan Mint & Agro Products Pvt. Ltd., and Arjuna Natural Extracts Ltd.
Arjuna Natural Extracts Ltd. invested approximately USD 1.5 million in
proactive curcumin research in March 2016.
Access Research Report
of Curcumin Market@ www.grandviewresearch.com/industry-analysis/turmeric-extract-curcumin-market
Further key findings from the repot suggest:
· North America was the largest regional
market in 2016, with a value of USD 23,552.9 thousand. Growing demand for
processed food products and curcumin-based health supplements is expected to
drive demand in this region
· India is one of the largest manufacturers
of curcumin, contributing to more than 80.0% of the global production, which is
on account of presence of large scale turmeric cultivations. Low consumer
awareness of curcumin as a healthy ingredient in India results in majority of
it being exported to North America and Europe
· Europe is expected to be the fastest
growing region, with the market estimated to rise at a revenue-based CAGR of
14.8% over the forecast period. Growing demand from buyers, coupled with
regulatory support from the European Food Safety Association (EFSA), have made
curcumin a preferred pharmaceutical ingredient, thereby fueling the market
· Key players in the global curcumin market
include Arjuna Natural Extracts Ltd., Synthite Industries Ltd., Sabinsa
Corporation, and Helmigs Prima Sejahtera PT. Arjuna Natural Extract Ltd. has a
patent for curcumin formulation from turmeric, making it a prominent player.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/food-additives-nutricosmetics-flavors-and-fragrances
Grand View Research has
segmented the global curcumin market on the basis of application and region:
Curcumin Application Outlook (Volume, Tons; Revenue, USD
Thousand, 2014 - 2025)
·
Pharmaceutical
·
Food
·
Cosmetics
·
Others
Curcumin Regional Outlook (Volume, Tons; Revenue, USD
Thousand, 2014 - 2025)
·
North America
o
U.S.
o
Canada
o
Mexico
·
Europe
o
Germany
o
U.K.
o
France
o
Italy
o
Spain
o
Poland
o
Russia
o
Denmark
·
Asia Pacific
o
China
o
India
o
Japan
o
Australia
o
Malaysia
o
Indonesia
o
Thailand
o
South Korea
o
Vietnam
·
CSA
o
Brazil
o
Argentina
·
MEA
o
UAE
o
Saudi Arabia
o South Africa
Access Press Release of
Curcumin Market@ www.grandviewresearch.com/press-release/curcumin-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
No comments:
Post a Comment