As per this study the Global Curcumin Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2027 with a CAGR of XX%.
Curcumin is a bright yellow chemical compound (diarylheptanoid) found in turmeric and other members of Zingiberaceae family. Structurally, it is crystalline powder, bitter in taste, insoluble in water but soluble in organic solvents. Curcumin have anti-inflammatory and anti-oxidant properties that are used in treating arthritis, atherosclerosis, liver disorders, and cancer. It is commonly used in dietary supplements, turmeric flavored drinks, and cosmetics.
The inclination of potential consumers’ regarding usage of organic products is driving the market growth. Properties such as anti-inflammatory, anti-oxidant and anti-cancer are spurring its demand in medical and cancer treatment. Use of turmeric particularly Asian cuisine owing to its therapeutic properties is fueling the market growth. In addition, stringent regulation on use of chemical additives within food and beverage industry is boosting the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of curcumin.
The broad curcumin market has been sub-grouped into type and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Pharmaceutical Grade
- Food Grade
- Cosmetic Grade
- Food & Beverage
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for curcumin in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Curcumin Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the curcumin market include 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. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.