Curcumin Market Segments and Forecasts up to 2023 Research Reports- Transparency Market Research

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Curcumin is a main bioactive ingredient of the rhizome Curcuma longa, commonly known as ginger. Itis one of the three curcuminoids present in turmeric, the other two being bis-desmethoxycurcumin and desmethoxycurcumin. The presence of curcumin gives turmeric its unique therapeutic qualities. Many studies have revealed that curcumin displays numerous pharmacological effects, including anti-infectious, anti-inflammatory, anti-tumor, and anti-oxidation properties. Curcumin exhibits anti-tumor effects through the regulation of inflammatory cytokines, protein kinases, transcription factors, growth factors, and other enzymes. Due to its therapeutic potential, turmeric is a highly used ingredient in medical and food products. Past few years have witnessed an escalating demandforturmeric inherbal formulations in the world.

Curcumin market can be segmented on the basis of:

  • Industry
  • Food
  • Pharmaceuticals
  • Cosmetics
  • Others

Therapeutic Applications

  • Arthritis
  • Alzheimer’s
  • Gastric ailments
  • Viral Infections
  • Skin Infections
  • Tumors
  • Others

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Global curcumin market is expected to grow significantly in the near future owing to its increasing demand in cosmetics, food, and pharmaceutical industry.

Pharmaceuticals is the largest application market for curcumin on account of rising demand for curcumin-based supplements. These supplements are available over-the-counter without any regulations that offers a huge potential for the market growth. Curcumin is widely used in the treatment of various diseases such as, arthritis, Alzheimer’s, viral infections,skin infections, and gastric ailments. Rising awareness regarding health benefits of turmeric among consumers is another major factor responsible for the growth of curcumin market.Furthermore, increasing attention of pharmaceutical and biotechnology industries and research laboratories to develop new curcuminproducts that can treat major diseases such as cancer, rheumatoid arthritis and other chronic diseases are expected to drive the market growth in the near future. However, the poor bioavailability of curcumin is one of the major factors that might hinder the applications of curcumin and consequently the market.

On the basis of Geography, the global curcumin market is segmented into six major regions: North America, Europe, Asia Pacific, Latin America, the Middle East and Africa and Rest of the World (RoW). North America dominates the global curcumin market owing to the escalating demand for curcumin-based dietary supplements and increasing number of research and development activities by pharmaceutical and biotechnology companies on curcumin. Europe is considered as the second largest curcumin market on account of presence of large number of food and pharmaceutical industries in the region.In addition, Asia-Pacific countries such as India and China are the emerging regions for the global curcumin market due to the growing demand from skin care and cosmetics manufacturers whose herbal products are gaining fast penetration in North American and European markets.Curcumin manufacturers are mostly concentrated in India due to high content of curcumin in Indian turmeric varieties and close proximity of raw material suppliers. Moreover, curcumin production is largely dependent on turmeric production that is dominated by India, which produces around 80% of the global curcumin.

The curcumin market is highly fragmented due to the participation of many established as well as new players in this market. Some of the key players operating in the curcumin market include Arjuna Natural Extracts Ltd., Biomax Life Sciences Ltd, Hindustan Mint & Agro Products Pvt. Ltd., Konark Herbals and Health Care, Unico Pharmaceuticals and Orane Life Sciences.

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. This report provides comprehensive analysis of

  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for upcoming years

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

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