Global Curcumin Market: Overview
A chemical that is bright yellow in color is curcumin which is produced by some of the plants. It is found in the turmeric. They are mainly sold as food coloring, cosmetic supplement, herbal supplement, and food flavoring. The common application of the curcumin is in the food and beverage industry. It is used as flavoring agent in the food as it tastes like turmeric, cosmetics, food coloring and dietary supplement. They are sold as natural ingredients and dyes in the cosmetic industry as it benefits the skin. In several drug discovery assays, curcumin exhibited positive results.
Global Curcumin Market: Segmentation
The curcumin market is globally segmented into its application and regions. On the basis of application, the global market is segregated into cosmetics, pharmaceutical, food and beverages, and others. Region-wise, the global curcumin market is diversified into North America, Asia-Pacific, Europe, and Rest of the World.
Global Curcumin Market: Growth Factors
The global market for curcumins will grow in the coming years owing to the factor that the consumers are becoming aware of the harmful effects of using artificial ingredients in the food, medicines, and cosmetics. Owing to this factor, the manufacturers of these products are shifting their focus towards using organic products in their products which trigger the demand of curcumin. The curcumin market will be driven owing to the presence of anti-oxidation, anti-cancer, and anti-inflammatory properties in the medicines and cancer. The other factor that attributes to the market growth of curcumin is the stringent regulations that are imposed on the use of the harmful chemicals in different industries thus increasing the demand of curcumin. The increasing trend of using herbal products by the consumers also benefits the growth of the market. Curcumin is widely accepted and used by the pharmaceutical industry in the treatment of gastric ailments and Alzheimer disease which will trigger the global market growth. The major segment where the curcumin is used is the food and beverages industry. The only factor that may hamper the market growth is the lack of availability of the synthetic substitutes.
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Global Curcumin Market: Regional Analysis
The region that dominated the curcumin market is Europe. The factors that attributed to the market growth are the increased expenses that are spent by the consumers on the healthy products and the stringent regulations that are imposed by pharmaceutical and food safety associations. The North American region is also growing in the curcumin market owing to the rise in the herbal applications and treatments. The market in this region also has new opportunities opening up owing the advancements made. In the Asia Pacific region, the food and beverages industry has a great demand for curcumin which boosts the market growth in the region.
Global Curcumin Market: Competitive Players
The major market players in the curcumin market include Synthite Industries, SV Agrofood, Herboveda India, Konark Herbalsm, Hindustan Mint & Agro Products, Arjuna Natural Extracts, and Biomax Life Sciences.