Home » Business, Non Profit, Science, Services, World » Curcumin Market is Anticipated to Grow to $94.3 Million By 2022: Hexa Reports
“Get key Market Research Reports and Insightful Company Profiles”
Global curcumin market is expected to reach USD 94.3 million by 2022. Therapeutic properties of curcumin such as anti-inflammatory and anti-oxidant make them ideally suited for use in food and medical application.

Global curcumin market is expected to reach USD 94.3 million by 2022. Therapeutic properties of curcumin such as anti-inflammatory and anti-oxidant make them ideally suited for use in food and medical application. The market is expected to witness significant growth in light of the growing consumer awareness regarding the above mentioned therapeutic properties. Increasing demand for herbal and ayurvedic skin care products is also expected to boost demand for curcumin over the forecast period. Curcumin or turmeric extracts are also gaining importance owing to the lower bioavailability of raw turmeric which is mostly consumed in food products.

Pharmaceutical was the largest application segment accounting for over 50% of the global volume owing to an increasing demand for curcumin based OTC supplements. Curcumin demand in food application also increased in 2014 in terms of absolute volumes on account of growing demand for natural coloring and flavoring substances. Similar trends are expected to continue over the forecast period. Growing penetration of herbal skin care products is expected to further augment curcumin market growth. R&D in dye-sensitized PV technology is expected to open new market avenues for curcumin.

Browse Detailed Report with TOC at:
http://www.hexareports.com/report/curcumin-market-analysis-by-application-pharmaceutical-food-cosmetics-and-segment-forecasts-to-2022/details

Further key findings from the study suggest:

North America was the largest regional market for curcumin with market revenue exceeding USD 20 million in 2014. Curcumin is an established ingredient for pharmaceutical application in the region which is expected to act as a major driver for market growth. In addition, growing use of turmeric extract or curcumin in cosmetic formulation is expected to further augment market demand over the forecast period.

Curcumin production is highly dependent on turmeric production which is regional dominated by India. India is the largest manufacturer of curcumin with production exceeding 80% of global market. Low consumer awareness of curcumin as a health ingredient in India results in the country exporting majority of its product to North America and Europe.

Europe is expected to be the fastest growing regional market for curcumin with demand estimated to grow at a CAGR of over 17% from 2015 to 2022. Regulatory support coupled with growing consumer awareness is expected to be a key factor responsible for high market growth in the region. European Food Safety Association (EFSA) has approved ADI of 3 mg/kg of body weight for curcumin making it a preferred pharmaceutical ingredient in turn resulting in increased market demand.

Key players present 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 which signified the extensive R&D in the market.

For the purpose of this study, Grand View Research has segmented the global curcumin market on the basis of product and region:

Latest Reports by Hexa Reports:

Global N-propanol Industry 2015 Market:
http://www.hexareports.com/report/global-n-propanol-industry

Global Fiber-optic Cable Sales Industry 2015 Market:
http://www.hexareports.com/report/global-fiber-optic-cable-sales-industry

Global Foaming Agent Sales Industry 2015 Market:
http://www.hexareports.com/report/global-foaming-agent-sales-industry


Global Curcumin Application Outlook (Volume, Tons; Revenue, USD Million, 2012 – 2022)

Pharmaceuticals
Food
Cosmetic
Others

Global Curcumin Regional Outlook (Volume, Tons; Revenue, USD Million, 2012 – 2022)

North America
U.S.
Europe
Germany
Denmark
Asia Pacific
Japan
India
Indonesia
RoW

Request a sample copy of this Report at:
http://www.hexareports.com/sample/42598

About Us:

Hexa Reports is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Media Contact
Company Name: Hexa Reports
Contact Person: Ryan Shaw
Email: sales@hexareports.com
Phone: 1-800-489-3075
Address:Felton Office Plaza, 6265 Highway 9
City: Felton
State: California
Country: United States
Website: http://www.hexareports.com/report/curcumin-market-analysis-by-application-pharmaceutical-food-cosmetics-and-segment-forecasts-to-2022/details

Comments are closed.