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Curcumin Market by Application (Pharmaceutical, Food & Beverage, Cosmetic, Others) - Global Opportunity Analysis and Industry Forecast, 2018-2025

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Pages: 168
Jul 2018 | 1354 Views
 
Author's : Shankar Bhandalkar and Kiran Sable
Tables: 66
Charts: 37
 

Curcumin Market Overview:

The global curcumin market was valued at $52.45 million in 2017, and is projected to reach $104.19 million by 2025, registering a CAGR of 8.9% from 2018 to 2025. Curcumin is a bioactive compound found in the root of Curcuma longa also known as turmeric. Curcumin exhibits anti-inflammatory and anti-oxidation properties that make it an ideal ingredient in many medical and food applications. The curcumin market is expected to witness a huge development due to growth in consumer awareness regarding its therapeutic properties.

Enhanced health consciousness, multiple health benefits of curcumin, and increased need of natural & organic supplements have fueled the demand for curcumin in the past few years, thus propelling the growth of the curcumin market. In addition, factors such as living a healthy life, rise in demand for organic-based foods as well as ayurvedic medicinal formulations, and innovations in pharmaceutical & skincare products using curcumin have supplemented the growth of the global curcumin market. However, the presence of cheaper synthetic food colorants and formulation challenges in curcumin-based products affect the growth of the market. Inclusion of curcumin in ayurvedic as well as herbal nutritional supplements and skincare products is expected to increase the popularity and demand for curcumin in the coming years.

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The report on the global curcumin market is segmented based on application and geography. Based on application, the report includes pharmaceutical, food & beverage, cosmetic, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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North America was the largest market for curcumin, both, in terms of value and volume in 2017. Factors such as growth in population, increase in health awareness and introduction of innovative products propel the growth of curcumin. The Europe region is projected to be the fastest-growing market in terms of value and is estimated to grow at a CAGR of 9.5% during the forecast period. This development is predominantly determined by the increase in consumer expenditure on pharmaceutical and nourishment products along with positive regulations improving its overall market.

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Pharmaceutical was the largest segment that accounted for more than half the share of the global industry revenue in 2017. Curcumin is used as an important ingredient in many medical and food applications owing to its anti-inflammatory, antioxidant, and cartilage building properties. Pharmaceutical industries are actively trying to formulate curcumin-based medicines in the form of powder, capsules, and syrups for treatment of numerous diseases and health problems such as healing wounds, treating sprains, arthritis, liver problems, diabetes, gastric problems, Alzheimer, and migraine. Increase in scope of its application in the pharmaceutical and cosmetic industry is expected to boost the growth of the curcumin market during the forecast period.

The key players operating in this market are Biomax Life Sciences Ltd., Synthite Industries Ltd., BioThrive Sciences, Konark Herbals & Health Care, Arjuna Natural Extracts Ltd., SV Agrofood, Star Hi Herbs Pvt. Ltd, NOW Foods, Phyo life Sciences and Herboveda India Pvt. Ltd.

Key Benefits for Stakeholders

  • The report provides a quantitative analysis of the current trends, estimations, and dynamics of the global curcumin market for the period of 2018-2025 to identify the prevailing market opportunities.
  • The key countries in all the major regions have been mapped based on their market share.
  • Porters five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplierbuyer network.
  • A comprehensive analysis of the factors that drive and restrict the growth of curcumin market is provided.
  • In-depth analysis of the curcumin market segmentation assists in determining the prevailing market opportunities.
  • The report includes a detailed analysis of the regional as well as global market, the key players, market segments, application areas, and growth strategies.

Curcumin Market Key Segments:

By Application

  • Pharmaceutical
  • Food & Beverage
  • Cosmetic
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA
 

Chapter: 1: INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. Key market segments
1.4. Research methodology

1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

Chapter: 2: EXECUTIVE SUMMARY

2.1. Key finding of the study
2.2. CXO perspective

Chapter: 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings

3.2.1. Top investment pocket
3.2.2. Top impacting factors

3.3. Porter's five forces analysis

3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyer
3.3.3. Threat of new entrants
3.3.4. Threat of substitute
3.3.5. Intensity of competitive rivalry

3.4. Market dynamics

3.4.1. Drivers

3.4.1.1. Rise in consumer consciousness regarding health benefits of curcumin
3.4.1.2. Clinical utility of curcumin extract
3.4.1.3. Increasing product penetration in European Market

3.4.2. Restraints

3.4.2.1. Presence of cheaper synthetic food products
3.4.2.2. Formulation challenges in curcumin-based products

3.4.3. Opportunities

3.4.3.1. Increasing application scope in cosmetic and pharmaceutical industry

Chapter: 4: CURCUMIN MARKET, BY APPLICATION

4.1. Overview

4.1.1. Key market trends, growth factors, and opportunities
4.1.2. Market size and forecast

4.2. Pharmaceutical

4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast
4.2.3. Market analysis by country

4.3. Food & Beverages

4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast
4.3.3. Market analysis by country

4.4. Cosmetics

4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast
4.4.3. Market analysis by country

4.5. Others

4.5.1. Key market trends, growth factors, and opportunities
4.5.2. Market size and forecast
4.5.3. Market analysis by country

Chapter: 5: CURCUMIN MARKET, BY GEOGRAPHY

5.1. Overview

5.1.1. Key market trends, growth factors, and opportunities
5.1.2. Market size and forecast

5.2. North America

5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by application
5.2.3. Market size and forecast, by country
5.2.4. U.S.

5.2.4.1. Market size and forecast
5.2.4.2. Market size and forecast, by application

5.2.5. Canada

5.2.5.1. Market size and forecast
5.2.5.2. Market size and forecast, by application

5.2.6. Mexico

5.2.6.1. Market size and forecast
5.2.6.2. Market size and forecast, by application

5.3. Europe

5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by application
5.3.3. Market size and forecast, by country
5.3.4. UK

5.3.4.1. Market size and forecast
5.3.4.2. Market size and forecast, by application

5.3.5. Germany

5.3.5.1. Market size and forecast
5.3.5.2. Market size and forecast, by technology

5.3.6. France

5.3.6.1. Market size and forecast
5.3.6.2. Market size and forecast, by application

5.3.7. Italy

5.3.7.1. Market size and forecast
5.3.7.2. Market size and forecast, by application

5.3.8. Spain

5.3.8.1. Market size and forecast
5.3.8.2. Market size and forecast, by application

5.3.9. Rest of Europe

5.3.9.1. Market size and forecast
5.3.9.2. Market size and forecast, by application

5.4. Asia-Pacific

5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, by application
5.4.3. Market size and forecast, by country
5.4.4. China

5.4.4.1. Market size and forecast
5.4.4.2. Market size and forecast, by application

5.4.5. India

5.4.5.1. Market size and forecast
5.4.5.2. Market size and forecast, by application

5.4.6. Japan

5.4.6.1. Market size and forecast
5.4.6.2. Market size and forecast, by application

5.4.7. Australia

5.4.7.1. Market size and forecast
5.4.7.2. Market size and forecast, by application

5.4.8. South Korea

5.4.8.1. Market size and forecast
5.4.8.2. Market size and forecast, by application

5.4.9. Rest of Asia-Pacific

5.4.9.1. Market size and forecast
5.4.9.2. Market size and forecast, by application

5.5. LAMEA

5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast, by application
5.5.3. Market size and forecast, by country
5.5.4. Brazil

5.5.4.1. Market size and forecast
5.5.4.2. Market size and forecast, by application

5.5.5. South Arabia

5.5.5.1. Market size and forecast
5.5.5.2. Market size and forecast, by application

5.5.6. South Africa

5.5.6.1. Market size and forecast
5.5.6.2. Market size and forecast, by application

5.5.7. Rest of LAMEA

5.5.7.1. Market size and forecast
5.5.7.2. Market size and forecast, by application

Chapter: 6: COMPANY PROFILES

6.1. Biomax Life Sciences Ltd.

6.1.1. Company overview
6.1.2. Company snapshot
6.1.3. Operating business segments
6.1.4. Product portfolio
6.1.5. Business performance
6.1.6. Key strategic moves and developments

6.2. Synthite Industries Ltd

6.2.1. Company overview
6.2.2. Company snapshot
6.2.3. Operating business segments
6.2.4. Product portfolio
6.2.5. Business performance
6.2.6. Key strategic moves and developments

6.3. BioThrive Sciences

6.3.1. Company overview
6.3.2. Company snapshot
6.3.3. Operating business segments
6.3.4. Product portfolio
6.3.5. Business performance
6.3.6. Key strategic moves and developments

6.4. Konark Herbals & Health Care

6.4.1. Company overview
6.4.2. Company snapshot
6.4.3. Operating business segments
6.4.4. Product portfolio
6.4.5. Business performance
6.4.6. Key strategic moves and developments

6.5. Arjuna Natural Extracts Ltd

6.5.1. Company overview
6.5.2. Company snapshot
6.5.3. Operating business segments
6.5.4. Product portfolio
6.5.5. Business performance
6.5.6. Key strategic moves and developments

6.6. SV Agrofood

6.6.1. Company overview
6.6.2. Company snapshot
6.6.3. Operating business segments
6.6.4. Product portfolio
6.6.5. Business performance
6.6.6. Key strategic moves and developments

6.7. Star Hi Herbs Pvt. Ltd

6.7.1. Company overview
6.7.2. Company snapshot
6.7.3. Operating business segments
6.7.4. Product portfolio
6.7.5. Business performance
6.7.6. Key strategic moves and developments

6.8. NOW Foods

6.8.1. Company overview
6.8.2. Company snapshot
6.8.3. Operating business segments
6.8.4. Product portfolio
6.8.5. Business performance
6.8.6. Key strategic moves and developments

6.9. Phyo life Sciences

6.9.1. Company overview
6.9.2. Company snapshot
6.9.3. Operating business segments
6.9.4. Product portfolio
6.9.5. Business performance
6.9.6. Key strategic moves and developments

6.10. Herboveda India Pvt. Ltd.

6.10.1. Company overview
6.10.2. Company snapshot
6.10.3. Operating business segments
6.10.4. Product portfolio
6.10.5. Business performance
6.10.6. Key strategic moves and developments

LIST OF TABLES

TABLE 01. GLOBAL CURCUMIN MARKET, BY APPLICATION, 2017-2025 ($MILLION)
TABLE 02. GLOBAL CURCUMIN MARKET, BY APPLICATION, 2017-2025 (TONS)
TABLE 03. CURCUMIN MARKET IN PHARMACEUTICAL, BY REGION, 2017-2025 ($MILLION)
TABLE 04. CURCUMIN MARKET IN PHARMACEUTICAL, BY REGION, 2017-2025 ($TONS)
TABLE 05. CURCUMIN MARKET IN FOOD & BEVERAGES, BY REGION, 2017-2025 ($MILLION)
TABLE 06. CURCUMIN MARKET IN FOOD & BEVERAGES, BY REGION, 2017-2025 ($TONS)
TABLE 07. CURCUMIN MARKET IN COSMETICS, BY REGION, 2017-2025 ($MILLION)
TABLE 08. CURCUMIN MARKET IN COSMETICS, BY REGION, 2017-2025 ($TONS)
TABLE 09. CURCUMIN MARKET IN OTHERS, BY REGION, 2017-2025 ($MILLION)
TABLE 10. CURCUMIN MARKET IN OTHERS, BY REGION, 2017-2025 ($TONS)
TABLE 11. CURCUMIN MARKET, BY REGION, 2017-2025 ($MILLION)
TABLE 12. CURCUMIN MARKET, BY REGION, 2017-2025 (TONS)
TABLE 13. NORTH AMERICA CURCUMIN MARKET, BY APPLICATION, 2017-2025 ($MILLION)
TABLE 14. NORTH AMERICA CURCUMIN MARKET, BY APPLICATION, 2017-2025 (TONS)
TABLE 15. NORTH AMERICA CURCUMIN MARKET, BY COUNTRY, 2017-2025 ($MILLION)
TABLE 16. NORTH AMERICA CURCUMIN MARKET, BY COUNTRY, 2017-2025 (TONS)
TABLE 17. U.S. CURCUMIN MARKET, BY APPLICATION, 2017-2025 ($MILLION)
TABLE 18. U.S. CURCUMIN MARKET, BY APPLICATION, 2017-2025 (TONS)
TABLE 19. CANADA CURCUMIN MARKET, BY APPLICATION, 2017-2025 ($MILLION)
TABLE 20. CANADA CURCUMIN MARKET, BY APPLICATION, 2017-2025 (TONS)
TABLE 21. MEXICO CURCUMIN MARKET REVENUE, BY APPLICATION, 2017-2025 ($MILLION)
TABLE 22. MEXICO CURCUMIN MARKET, BY APPLICATION, 2017-2025 (TONS)
TABLE 23. EUROPE CURCUMIN MARKET, BY APPLICATION, 2017-2025 ($MILLION)
TABLE 24. EUROPE CURCUMIN MARKET, BY APPLICATION, 2017-2025 (TONS)
TABLE 25. EUROPE CURCUMIN MARKET, BY COUNTRY, 2017-2025 ($MILLION)
TABLE 26. EUROPE CURCUMIN MARKET, BY COUNTRY, 2017-2025 (TONS)
TABLE 27. UK CURCUMIN MARKET REVENUE, BY APPLICATION, 2017-2025 ($MILLIONS)
TABLE 28. UK CURCUMIN MARKET, BY APPLICATION, 2017-2025 (TONS)
TABLE 29. GERMANY CURCUMIN MARKET, BY APPLICATION, 2017-2025 ($MILLIONS)
TABLE 30. GERMANY CURCUMIN MARKET, BY APPLICATION, 2017-2025 (TONS)
TABLE 31. FRANCE CURCUMIN MARKET REVENUE, BY APPLICATION, 2017-2025 ($MILLIONS)
TABLE 32. FRANCE CURCUMIN MARKET, BY APPLICATION, 2017-2025 (TONS)
TABLE 33. ITALY CURCUMIN MARKET REVENUE, BY APPLICATION, 2017-2025 ($MILLIONS)
TABLE 34. ITALY CURCUMIN MARKET, BY APPLICATION, 2017-2025 (TONS)
TABLE 35. SPAIN CURCUMIN MARKET REVENUE, BY APPLICATION, 2017-2025 ($MILLIONS)
TABLE 36. SPAIN CURCUMIN MARKET, BY APPLICATION, 2017-2025 (TONS)
TABLE 37. REST OF EUROPE CURCUMIN MARKET, BY APPLICATION, 2017-2025 ($MILLIONS)
TABLE 38. REST OF EUROPE CURCUMIN MARKET, BY APPLICATION, 2017-2025 (TONS)
TABLE 39. ASIA-PACIFIC CURCUMIN MARKET, BY APPLICATION, 2017-2025 ($MILLION)
TABLE 40. ASIA-PACIFIC CURCUMIN MARKET, BY APPLICATION, 2017-2025 (TONS)
TABLE 41. ASIA-PACIFIC CURCUMIN MARKET, BY COUNTRY, 2017-2025 ($MILLION)
TABLE 42. ASIA-PACIFIC CURCUMIN MARKET, BY COUNTRY, 2017-2025 (TONS)
TABLE 43. CHINA CURCUMIN MARKET, BY APPLICATION, 2017-2025 ($MILLIONS)
TABLE 44. CHINA CURCUMIN MARKET, BY APPLICATION, 2017-2025 (TONS)
TABLE 45. INDIA CURCUMIN MARKET REVENUE, BY APPLICATION, 2017-2025 ($MILLIONS)
TABLE 46. INDIA CURCUMIN MARKET, BY APPLICATION, 2017-2025 (TONS)
TABLE 47. JAPAN CURCUMIN MARKET, BY APPLICATION, 2017-2025 ($MILLIONS)
TABLE 48. JAPAN CURCUMIN MARKET, BY APPLICATION, 2017-2025 (TONS)
TABLE 49. AUSTRALIA CURCUMIN MARKET REVENUE, BY APPLICATION, 2017-2025 ($MILLIONS)
TABLE 50. AUSTRALIA CURCUMIN MARKET, BY APPLICATION, 2017-2025 (TONS)
TABLE 51. SOUTH KOREA CURCUMIN MARKET, BY APPLICATION, 2017-2025 ($MILLIONS)
TABLE 52. SOUTH KOREA CURCUMIN MARKET, BY APPLICATION, 2017-2025 (TONS)
TABLE 53. REST OF ASIA-PACIFIC CURCUMIN MARKET, BY APPLICATION, 2017-2025 ($MILLIONS)
TABLE 54. REST OF ASIA-PACIFIC CURCUMIN MARKET, BY APPLICATION, 2017-2025 (TONS)
TABLE 55. LAMEA CURCUMIN MARKET, BY APPLICATION, 2017-2025 ($MILLION)
TABLE 56. LAMEA CURCUMIN MARKET, BY APPLICATION, 2017-2025 (TONS)
TABLE 57. LAMEA CURCUMIN MARKET, BY COUNTRY, 2017-2025 ($MILLION)
TABLE 58. LAMEA CURCUMIN MARKET, BY COUNTRY, 2017-2025 (TONS)
TABLE 59. BRAZIL CURCUMIN MARKET, BY APPLICATION, 2017-2025 ($MILLIONS)
TABLE 60. BRAZIL CURCUMIN MARKET, BY APPLICATION, 2017-2025 (TONS)
TABLE 61. SOUTH ARABIA CURCUMIN MARKET, BY APPLICATION, 2017-2025 ($MILLIONS)
TABLE 62. SOUTH ARABIA CURCUMIN MARKET, BY APPLICATION, 2017-2025 (TONS)
TABLE 63. SOUTH AFRICA CURCUMIN MARKET, BY APPLICATION, 2017-2025 ($MILLIONS)
TABLE 64. SOUTH AFRICA CURCUMIN MARKET, BY APPLICATION, 2017-2025 (TONS)
TABLE 65. REST OF LAMEA CURCUMIN MARKET, BY APPLICATION, 2017-2025 ($MILLIONS)
TABLE 66. REST OF LAMEA CURCUMIN MARKET, BY APPLICATION, 2017-2025 (TONS)

LIST OF FIGURES

FIGURE 01. KEY MARKET SEGMENTS
FIGURE 02. TOP INVESTMENT POCKET
FIGURE 03. TOP IMPACTING FACTORS
FIGURE 04. BARGAINING POWER OF SUPPLIERS
FIGURE 05. BARGAINING POWER OF BUYERS
FIGURE 06. THREAT OF NEW ENTRANTS
FIGURE 07. THREAT OF SUBSTITUTION
FIGURE 08. INTENSITY OF COMPETITIVE RIVALRY
FIGURE 09. GLOBAL CURCUMIN MARKET SHARE, BY APPLICATION, 2017-2025
FIGURE 10. COMPARATIVE SHARE ANALYSIS OF CURCUMIN MARKET VALUE IN PHARMACEUTICAL, BY COUNTRY, 2017 & 2025 (%)
FIGURE 11. COMPARATIVE SHARE ANALYSIS OF CURCUMIN MARKET VOLUME IN PHARMACEUTICAL, BY COUNTRY, 2017 & 2025 (%)
FIGURE 12. COMPARATIVE SHARE ANALYSIS OF CURCUMIN MARKET VALUE IN FOOD & BEVERAGES, BY COUNTRY, 2017 & 2025 (%)
FIGURE 13. COMPARATIVE SHARE ANALYSIS OF CURCUMIN MARKET VOLUME IN FOOD & BEVERAGES, BY COUNTRY, 2017 & 2025 (%)
FIGURE 14. COMPARATIVE SHARE ANALYSIS OF CURCUMIN MARKET VALUE IN COSMETICS, BY COUNTRY, 2017 & 2025 (%)
FIGURE 15. COMPARATIVE SHARE ANALYSIS OF CURCUMIN MARKET VOLUME IN COSMETICS, BY COUNTRY, 2017 & 2025 (%)
FIGURE 16. COMPARATIVE SHARE ANALYSIS OF CURCUMIN MARKET VALUE IN OTHERS, BY COUNTRY, 2017 & 2025 (%)
FIGURE 17. COMPARATIVE SHARE ANALYSIS OF CURCUMIN MARKET VOLUME IN OTHERS, BY COUNTRY, 2017 & 2025 (%)
FIGURE 18. GLOBAL CURCUMIN MARKET SHARE, BY REGION, 2017-2025
FIGURE 19. U.S. CURCUMIN MARKET, 2017-2025 ($MILLION)
FIGURE 20. CANADA CURCUMIN MARKET, 2017-2025 ($MILLION)
FIGURE 21. MEXICO CURCUMIN MARKET, 2017-2025 ($MILLION)
FIGURE 22. UK CURCUMIN MARKET, 2017-2025 ($MILLION)
FIGURE 23. GERMANY CURCUMIN MARKET, 2017-2025 ($MILLION)
FIGURE 24. FRANCE CURCUMIN MARKET, 2017-2025 ($MILLION)
FIGURE 25. ITALY CURCUMIN MARKET, 2017-2025 ($MILLION)
FIGURE 26. SPAIN CURCUMIN MARKET, 2017-2025 ($MILLION)
FIGURE 27. REST OF EUROPE CURCUMIN MARKET, 2017-2025 ($MILLION)
FIGURE 28. CHINA CURCUMIN MARKET, 2017-2025 ($MILLION)
FIGURE 29. INDIA CURCUMIN MARKET, 2017-2025 ($MILLION)
FIGURE 30. JAPAN CURCUMIN MARKET, 2017-2025 ($MILLION)
FIGURE 31. AUSTRALIA CURCUMIN MARKET, 2017-2025 ($MILLION)
FIGURE 32. SOUTH KOREA CURCUMIN MARKET, 2017-2025 ($MILLION)
FIGURE 33. REST OF ASIA-PACIFIC CURCUMIN MARKET, 2017-2025 ($MILLION)
FIGURE 34. BRAZIL CURCUMIN MARKET, 2017-2025 ($MILLION)
FIGURE 35. SOUTH ARABIA CURCUMIN MARKET, 2017-2025 ($MILLION)
FIGURE 36. SOUTH AFRICA CURCUMIN MARKET, 2017-2025 ($MILLION)
FIGURE 37. REST OF LAMEA CURCUMIN MARKET, 2017-2025 ($MILLION)

 

The global curcumin market is emerging at considerable pace owing to rise in health consciousness, consumer inclination towards healthy & natural food products, growth in demand for ayurvedic as well as herbal nutritional supplements and skincare products.

Rise in consumer health consciousness due to presence of artificial ingredients in food, medicines, and cosmetics are the key viewpoints affecting the business makers to incorporate natural organic ingredients in the product formulation. Owing to its anti-inflammatory, antioxidant, and cartilage-building properties curcumin is used as an important ingredient in many medical and food applications. Pharmaceutical industries are actively trying to formulate curcumin-based medicines in the form of powder, capsules, and syrups for treatment of numerous diseases and health problems such as healing wounds, treating sprains, arthritis, liver problems, diabetes, gastric problems, Alzheimer, and migraine. In addition, increase in utilization of curcumin extracts in different beauty care products owing to its antioxidant feature is anticipated to move the item request in recent years. Growth in demand for ayurvedic and herbal skincare products as well as technological advancements and innovations in curcumin-based products offer promising opportunities for curcumin manufacturers in developed as well as developing regions such as Europe & Asia-Pacific. However, the presence of cheaper synthetic food colorants and formulation challenges in curcumin-based products, are expected to impede the market growth. Several companies are proactively investing in the development and expansion of their business to effectively cater to the needs of the consumer and tap the emerging markets. For instance, Arjuna Natural Ltd. opened a new production facility for curcumin based product in Coimbatore, India to increase its market share. In addition, exhaustive marketing campaigns by established companies have also increased brand awareness in the global curcumin industry; thus, leading to the growth of the market.

 

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