Transparency Market Research Report Added "Curcumin Market" to its database.
Albany, NY -- (SBWIRE) -- 12/07/2016 -- According to a report by Transparency Market Research (TMR), the global market for curcumin is witnessing a significant rise in its valuation. The increasing awareness among consumers regarding the anti-cancer properties and other health benefits offered by curcumin is acting as the key driver of this market.
Over the coming years, a high demand for curcumin-based nutritional supplements would be observed across the world, which will result in tremendous growth of the worldwide market for curcumin, states the report, titled "Curcumin Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015–2021."
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Curcumin finds widespread application in the pharmaceutical, cosmetics, textiles, and the food and beverages industries. Thanks to the growing demand for curcumin-based supplements, the pharmaceutical sector is likely to emerge as the leading application area of curcumin, states the report.
On the geographical front, the global market for curcumin is broadly classified in Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa. Among these, North America has acquired the leading position and is expected to retain it over the forecast period.
The rising demand for curcumin-based dietary supplements is the key factor behind the growth of this regional market. The increasing usage of curcumin for applications in cosmetic formulations is likely to further boost the North America market for curcumin in the near future, notes the research study.
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Europe, which is currently the second leading regional market for curcumin, is projected to experience the most prominent growth over the forecast period. The augmenting adoption of curcumin in the pharmaceutical and food and beverages sectors, on account of its health benefits, is anticipated to propel the Europe curcumin market substantially during the forecast period. Asia pacific, on the other hand, is projected to offer lucrative opportunities in the near future due to the escalating prevalence of cancer. The increasing usage of curcumin in various cosmetics and skin care products is also expected to stimulate the market for curcumin in Asia pacific over the next few years, report the market study.
Researchers have also evaluated the competitive landscape of the global curcumin market. According to them, the market is highly fragmented and competitive. For sustenance, key companies are focusing on product innovation and advancements in current offering. Biomax Life Sciences Ltd., Konark Herbals & Health Care, SV Agrofood, Hindustan Mint and Agro Products Pvt. Ltd., Herboveda India Pvt. Ltd., Synthite Industries Ltd., Hebei Food Additive Co. Ltd., and Arjuna Natural Extracts Ltd. are some of the leading enterprises operating in this market, states the research report.
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