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Global Curcumin Market Size, By Application, By Region, Trend Analysis, Competitive Market Share & Forecast, 2016-2026

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  • 178 Pages
  • November 2020
  • Region: Global
  • Blueweave Consulting & Research Pvt Ltd
  • ID: 5230007
Global Curcumin Market to witness a surge in its valuation with a CAGR by 2027

According to the publisher, Global Curcumin Market is estimated to be USD by 2027 from USD in 2017, at a CAGR of from 2021 to 2027. Curcumin is an active constituent usually extracted from turmeric and ginger. Turmeric is extensively expended in the South East Asian nations in both nutrition and therapeutic products accounting for its healing properties. Increasing attentiveness amid consumers towards health benefits observed upon the ingesting of curcumin and its medicinal values being predominant with ayurvedic medicinal formulation should drive momentum in the other parts of the world during the forecast timeframe. Curcumin is proven to have important health welfares along with the likely to prevent various diseases including Alzheimer’s, coronary heart illnesses, and cancer. Shift observed in consumer drifts and increasing consciousness towards the welfares of using organic and natural constituents in medical, cosmetic, and food applications should broadcast demand over the forecast timeframe of 2021 to 2027.

“Pharmaceutical dominates the application Sector”

By Application, pharmaceutical applications govern the global curcumin market share. A positive outlook owing to vigorous research & development is predicted to fuel the product used up to 2024. It is extensively used in ayurvedic medicines in Southeast Asian countries due to its anti-inflammatory properties. Rising consumer health awareness owing to the occurrence of non-communicable & long-lasting diseases supplemented by consumers leaning towards the use of products with natural constituents will increase the request for ayurvedic drugs.

Growth Drivers

Increasing Awareness of Natural Food Ingredients

Color is one of the initial thing customers notice about any product. However, with clean-label request dispersal across the market, colors are progressively about more than what meets the eye. Natural colors are now a buying importance for a considerable mass of the customer base, and brands (big and small) are taking notice. Customers are prepared to pay excellent prices to acquire plant products due to their health welfares. Organic turmeric is in high demand among customers looking to reap the full health welfares of turmeric’s functional possessions. There are many functionality issues with natural colors. Nevertheless, exempt (Natural) colors are supposed by customers as being less of a health hazard than the petroleum (coal-tar)-derived synthetics. Hence, manufacturers are joining them into their products to get an advantage. This is motivating the curcumin market.

R&D Investments Positively Influencing Curcumin Market

Inventions and technology are prominent the way towards thoughtful the full possible of old-style herbs and its belongings on health. Indian and Chinese markets with traditional Indian Ayurveda and traditional Chinese medicines have been using curcumin for a very long time. However, at present, North America is the foremost market regulatory 53% - 55% of the global curcumin market share, due to frequent continuing R&D activities dazzling the immaculate potential of curcumin in various segments like F&B, personal care, and cosmetics, pharmaceuticals, and nutraceuticals industries. Global Curcumin Association portrayed that research and scientific validation on the health welfares of curcumin has been a significant effect on the admiration of this constituent.

“North America dominates the Global Curcumin Market”

North America was the main market for curcumin, both in terms of price and volume in 2017. Factors such as development in people, the surge in health mindfulness, and the outline of inventive products push the development of curcumin. The European region is predicted to be the fastest-growing market in terms of value and is projected to grow at a CAGR of 9.5% during the forecast period. This growth is mainly resolute by the surge in consumer outlays on pharmaceutical and nourishment products along with an optimistic regulation refining its overall market.

Global Curcumin Market: Competitive Landscape

Some of the leading players operating in the Global Curcumin Market are Biomax Life Sciences Ltd., Synthite Industries Ltd., Hindustan Mint & Agro Products Pvt. Ltd, Arjuna Natural Extracts Ltd., SV Agrofood, Star Hi Herbs Pvt. Ltd., Herboveda India Pvt. Ltd, Helmigs Prima Sejahtera PT, Hebei Food Additive Co. Ltd., Tri Rahardja PT, Konark Herbals & Health Care, and other prominent players.

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The in-depth analysis of the report provides the growth potential, upcoming trends, and statistics of the Global Curcumin Market size & forecast. The report promises to provide state-of-the-art technology of the Global Curcumin Market and industry insights, which help decision-makers to make sound strategic decisions. Furthermore, the report also analyzes the market drivers, challenges, and competitive analysis of the market.

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Table of Contents

1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Research Methodology
2.1. Qualitative Research
2.1.1. Primary & Secondary Sources
2.2. Quantitative Research
2.2.1. Primary & Secondary Sources
2.3. Breakdown of Primary Research Respondents, By Region
2.3.1. Secondary Research
2.3.2. Primary Research
2.4. Breakdown of Primary Research Respondents
2.5. Market Size Estimation
2.6. Assumption For The Study
2.7. Market Breakdown & Data Triangulation
3. Executive Summary
4. Global Curcumin Market Insights
4.1. Industry Value Chain Analysis
4.2. DROC Analysis
4.2.1. Growth Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. Technological Landscape
4.4. Regulatory Framework
4.5. Company Market Share Analysis,2020
4.6. Porter’s Five forces analysis
4.6.1. Bargaining Power of Suppliers
4.6.2. Bargaining Power of Buyers
4.6.3. Threat of New Entrants
4.6.4. Threat of Substitutes
4.6.5. Intensity of Rivalry
4.7. Strategic Outlook
5. Global Curcumin Market Overview
5.1. Market Estimates & Forecast By Value, 2021-2027
5.1.1. By Value (USD)
5.2. Market Share & Forecast
5.2.1. By Application Food Beverages Personal Care Pharmaceuticals & Nutraceuticals Others
5.2.2. By Region North America Europe Asia Pacific South America Middle East & Africa
6. North America Curcumin Market
6.1. Market Estimates & Forecast By Value, 2021-2027
6.1.1. By Value (USD)
6.2. Market Share & Forecast
6.2.1. By Application
6.2.2. By Country U.S Canada
7. Europe Curcumin Market
7.1. Market Estimates & Forecast By Value, 2021-2027
7.1.1. By Value (USD)
7.2. Market Share & Forecast
7.2.1. By Application
7.2.2. By Country Germany U.K France Italy Rest of Europe
8. Asia Pacific Curcumin Market
8.1. Market Estimates & Forecast By Value, 2021-2027
8.1.1. By Value (USD)
8.2. Market Share & Forecast
8.2.1. By Application
8.2.2. By Country China India Japan South Korea Rest of APAC
9. South America Curcumin Market
9.1. Market Estimates & Forecast By Value, 2021-2027
9.1.1. By Value (USD)
9.2. Market Share & Forecast
9.2.1. By Application
9.2.2. By Country Brazil Mexico Argentina Rest of Latin America
10. Middle East & Africa Curcumin Market
10.1. Market Estimates & Forecast By Value, 2021-2027
10.1.1. By Value (USD)
10.2. Market Share & Forecast
10.2.1. By Application
10.2.2. By Country Saudi Arabia UAE South Africa Rest of MEA
11. Company Profile (Company Overview, Financial Matrix, Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)*
  • Biomax Life Sciences Ltd.
  • Synthite Industries Ltd.
  • Hindustan Mint & Agro Products Pvt. Ltd
  • Arjuna Natural Extracts Ltd.
  • SV Agrofood
  • Star Hi Herbs Pvt. Ltd.
  • Herboveda India Pvt. Ltd
  • Helmigs Prima Sejahtera PT
  • Hebei Food Additive Co. Ltd.
  • Tri Rahardja PT
  • Konark Herbals & Health Care.
  • Other prominent players

12. Strategic Recommendation
*Financial Details Not Be Captured in Case of Unlisted Companies
**The segmentation and the companies are subjected to modifications based on the in-depth secondary for the final deliverable

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Biomax Life Sciences Ltd.
  • Synthite Industries Ltd.
  • Hindustan Mint & Agro Products Pvt. Ltd
  • Arjuna Natural Extracts Ltd.
  • SV Agrofood
  • Star Hi Herbs Pvt. Ltd.
  • Herboveda India Pvt. Ltd
  • Helmigs Prima Sejahtera PT
  • Hebei Food Additive Co. Ltd.
  • Tri Rahardja PT
  • Konark Herbals & Health Care.