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Increasing Demand for Global Curcumin Market will grow steadily at a CAGR of around 11% by 2021

Press Release   •   Jun 12, 2017 09:00 EDT

This industry research report identifies ARJUNA NATURAL EXTRACTS, Biomax, HINDUSTAN MINT & AGRO PRODUCTS, SVagrofood, and Synthite Industries as the key vendors in the global curcumin market. This industry research report also presents a competitive analysis of the market by application (pharmaceuticals, food, and cosmetics) and by geography (the Americas, APAC, and EMEA).

Overview of the global curcumin market

Market research analysts at Technavio predict that the global curcumin market will grow steadily at a CAGR of around 11% by 2021. This market research analysis identifies the therapeutic properties of curcumin as one of the primary growth factors for this market. Owing to its properties including anti-oxidation and anti-inflammatory, curcumin is highly-preferred in several end-user industries such as pharmaceuticals, food and beverage, and personal care as it helps in regulating various transcription factors such as protein kinases, cytokines, redox status, adhesion molecules, and enzymes. These properties make curcumin a potential chemotherapeutic agent with anti-cancer activity and helps protect infections against activities against skin, prostate, pancreas, liver, head, neck, ovary, and lungs. These therapeutic properties coupled with the pharmacological security and minimum cost make curcumin a preferred dietary health supplement.

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The market research report identifies the increasing demand for personal and ayurvedic personal care products as one of the key trends behind the growth of the curcumin market. Skin conscious and well-informed customers prefer personal care products which are free from synthetic and harmful products and are made from herbal and ayurvedic products that do not harm the skin. Numerous key vendors are launching herbal and ayurvedic products to cater to the increasing demand for natural and organic products since it will help them gain the largest market share. Ingredients such as barry grass, urucum (annatto) oil, aloe vera, green tea, and curcumin are popular ingredients in the organic products market.

Competitive landscape and key vendors

The market is highly competitive and fragmented due to the presence of numerous global, regional, and local vendors. The key players dominate the market due to their vast geographical presence and large production facilities located globally. Further innovation in technology resulting in the expansion of product portfolios will intensify the competition among the market players. Vendors compete based on factors such as innovation, price, operational cost, and product quality.

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The leading vendors in the market are -

ARJUNA NATURAL EXTRACTS

Biomax

HINDUSTAN MINT & AGRO PRODUCTS

SVagrofood

Synthite Industries

The other prominent vendors in the market are Herboveda, Konark Herbals and Health Care, Sabinsa Corporation, and Star Hi-Herbs.

Segmentation by application and analysis of the curcumin market

Pharmaceuticals

Food

Cosmetics

According to this market research report, the pharmaceuticals segment accounted for the major shares of the curcumin market during 2016. The beneficial effects of curcumin on various diseases such as Alzheimer's disease, cancer, and gastric ailments will boost the demand for curcumin from the pharmaceuticals industry.

Geographical segmentation and analysis of the curcumin market

Americas

APAC

EMEA

This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the curcumin market throughout the forecast period. This is mainly due to strong demand for curcumin in pharmaceutical and food applications. Owing to the increased awareness and health-consciousness among consumers in this region, there is an increased consumption of curcumin as a herbal dietary supplement due to its anti-oxidative and anti-inflammatory properties.

Key questions answered in the report include

What will the market size and the growth rate be in 2021?

What are the key factors driving the global curcumin market?

What are the key market trends impacting the growth of the global curcumin market?

What are the challenges to market growth?

Who are the key vendors in the global curcumin market?

What are the market opportunities and threats faced by the vendors in the global curcumin market?

Trending factors influencing the market shares of the Americas, APAC, and EMEA.

What are the key outcomes of the five forces analysis of the global curcumin market?

Technavio also offers customization on reports based on specific client requirement.

Curcumin is a yellow color fat soluble polyphenolic pigment which is derived from curcuminoids; it is also recognized as turmeric extract. This upcoming market research report on the curcumin market is an integral part of Technavios chemicals and materials portfolio and offers key insights into the market space for specialty chemicals. Technavios insightful market research reports also offer insights on the market size, forecast, trends, and industry analysis to help clients build effective growth strategies.

Additionally, by implementing an extensive research approach of quantitative and qualitative data collection methods and assessing the changing demand-supply landscape of the speciality chemicals sector, the upcoming market research report on the curcumin market also offers insights into the key market drivers, trends, and eminent challenges that will influence the growth of the key suppliers in this market space. This upcoming market research report on the curcumin market also covers vendors like Biomax Life Sciences, SV Agrofood and Hindustan Mint & Agro Products, Helmigs Prima Sejahtera, and Arjuna Natural Extracts.

This market research report on the curcumin market also takes into account the growth of related market like monosodium glutamate (MSG) market, which is anticipated to post an impressive CAGR of close to 5%, respectively during the forecast period. Furthermore, to offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the curcumin market also covers geographies like APAC, North America, Europe, and ROW.

The upcoming industry report on the curcumin market also offers insights into fast-growing segments within the chemicals and materials industry, including sectors like metals and minerals and olefins. Additionally, the report also presents insights into the changing competitive landscape and gives clients a complete view of the future direction of the chemicals and materials industry.

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