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.
Natural substances derived from plants and animals are gaining wider acceptance for holistic healing practices for mental and physical conditions. This is one of the factors paving the way for the growth of the global curcumin market, says Transparency Market Research’s new report. The report analyzes factors such as market forces, growth trends, and technological innovations to understand the market’s progression across North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa for the 2015-2021 period. The report is titled “Curcumin Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021.”
Curcumin is naturally present in turmeric and is present in trace amounts in ginger. It is used in the treatment of arthritis, viral infections, tumors, and gastric ailments. The increasing consumer awareness about the therapeutic properties of curcumin and the rising demand for curcumin-based dietary supplements due to its anti-cancer properties is primarily driving this market.
In addition, the market for curcumin-based supplements has tremendous growth potential as they are easily available as over-the-counter products and are not yet governed by stringent regulations. In addition, curcumin is gaining popularity as a vital component in cosmetics and personal care products. Thus, the rising awareness about the long term implications of chemical-based cosmetics is resulting in the consistently growing demand for ayurvedic and herbal skin care products. Moreover, intensive R&D programs for the utilization of curcumin in dye-sensitized PV technologies is expected to open new avenues for the curcumin market.
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By application, pharmaceuticals is the largest market for curcumin due to the rising demand for supplements that are obtained from curcumin. With an increasing preference among consumers for herbal cosmetics due to their remedial action for several skin diseases, the market for curcumin will witness a rise during the forecast period. The shifting preference among consumers for food colors derived from natural ingredients over synthetic ones will favor the growth of the curcumin market for food applications.
Currently, North America is the largest market for curcumin; the region is expected to display significant growth until the end of the forecast period. Moreover, the increasing demand for curcumin in cosmetic applications will further drive the curcumin market in North America.
The key participants in the global curcumin market are Konark Herbals & Health Care, Hindustan Mint & Agro Products Pvt. Ltd., Herboveda India Pvt. Ltd., Synthite Industries Ltd., Biomax Life Sciences Ltd., SV Agrofood, Hebei Food Additive Co. Ltd., and Arjuna Natural Extracts Ltd., among others.