Value Market Research, a renowned market research company, recently released a report on the The Global Curcumin Market assessed by Value Market Research in its latest publication estimates the market to cross USD 132 MN by the end of 2025. The CAGR anticipated is close to 13% from 2019 to 2025. The market was valued at USD 56.5 MN (by revenue) in 2018 based on the research done by the analyst team. The trending choice of using organic products by the consumers is becoming a significant factor which is pushing the curcumin market growth under the study period of 2019-2025. Its distinctive properties like anti-inflammatory, anti-oxidant and anti-cancerous have been positively impacting its demand in the medical field. Almost mandatory usage of turmeric specifically in Asian cuisine imparting colour, flavour and its therapeutic property is another reason for its high demand. Moreover the stringent regulation by the Govt. organizations of various countries on usage of chemical or artificial additives in the food and beverage industry is sited as another major reason for the projected CAGR in the report.
Curcumin is a yellowish crystalline powder (diarylheptanoid) which gives a bitter taste. This water insoluble chemical is present in turmeric and other members of Zingiberaceae family. It’s anti-inflammatory and anti-oxidant properties are extremely useful in treating health issues such as arthritis, atherosclerosis, liver disorders, and diseases like cancer. Dietary supplements, some cosmetics and drinks with turmeric flavour uses curcumin as a major ingredient.
The report “Global Curcumin Market Report By Type (Pharmaceutical Grade, Food Grade And Cosmetic Grade), Application (Pharmaceutical, Food & Beverage And Cosmetics) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2018-2025” explores market shares, revenue forecast along with regional growth estimates based on the primary and secondary research.
The segmentation studied in the report by type covers pharmaceutical grade, food grade, and cosmetic grade. Among the three types pharmaceuticals grade is the most significant type segment. This is majorly on account of ever-rising demand of curcumin-based supplements. Segmentation by application includes pharmaceutical, food & beverage and cosmetics, in which market share of pharmaceuticals is highest due to increasing trend of organic and less chemical–laden supplements.The geographical segmentation covered in the curcumin market report is North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Increasing health conscious population and a high global share of pharmaceutical production in North America has resulted in its becoming the high growth region.
The Report Segments Global Curcumin Market -
Food & Beverage
Middle East & Africa.
Players Profiled In The Report:
Arjuna, Arpan, Biomax, Chenguang Biotech, Guangye Natural, Indena, K.Patel Phyto, Konark, Naturite, Sabinsa, Star Hi Herbs, Synthite Ind., Tairui Biotech, Tianxu Biotech and Zhongda Bio etc.
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