San Francisco, 8 January 2019: The Report Curcumin Market Size, Share & Trends Analysis Report By Application
(Pharmaceutical, Food, Cosmetics), By Region (Asia Pacific, North America, CSA,
Europe, MEA), And Segment Forecasts 2018 - 2025
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
·
Europe
·
Asia Pacific
·
CSA
·
MEA
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.