Curcumin Market Set to Grow Exponentially During 2015 – 2021
Deerfield Beach, FL -- (SBWIRE) -- 02/28/2017 -- Curcumin is the product obtained by the dried root of the rhizome Curcuma Longa and purification extract by crystallization. Curcumin is scientific name of turmeric. Curcumin is not water-soluble, but it is soluble in ethanol. Curcumin has excellent properties such as anti-inflammatory and anti-oxidation. Turmeric is widely consumed in dietary pigment and medicine for the treatment of various illnesses. Moreover, it supports the body's natural detoxification system and helps maintain healthy hepatic function.
Global curcumin market is growing due to growing demand from cosmetics pharmaceuticals and food industry. Strong demand from ayurvedic medicine is another key factor which contributes to drive the growth for curcumin market in the years to come. Furthermore, research and development advancements in dye-sensitized PV technologies in which consumption of curcumin is high and therefore expected to open new opportunities over the forecast period.
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Based on application, curcumin market has been segmented into pharmaceutical, food, cosmetics and other applications. Pharmaceutical dominated application segment for curcumin in owing to increasing demand for curcumin supplements. Cosmetics are another leading segment of curcumin market. This growth can be attributed to strong demand for herbal skin care products. All the market distribution on application has been analyzed based on present and future trends and the market is estimated from 2014 to 2020.
Geographically, the curcumin market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, further bifurcation of region on the country level, which include U.S., Germany, UK, France, China, Japan and India. North America has witnessed strong growth of curcumin market in recent past years on account of the rising demand for dietary supplements. Europe is another leading region for curcumin market and is expected to exhibit significant growth over the forecast period.
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The report offers a comprehensive view on the curcumin market we have included a detailed company market share analysis, product portfolio of the major industry participants. To understand the competitive landscape in the market, an analysis of Porter's Five Forces model for the curcumin market has also been included. The study encompasses a market attractiveness analysis, wherein application segments are benchmarked based on their market size, growth rate and general attractiveness.
The report covers detailed competitive scenario including the company overviews, financial revenues of the key participants to develop their positions in the global market. There is some major manufacture in the curcumin market such Synthite Industries Ltd., Hindustan Mint & Agro Products Pvt. Hebei Food Additive Co. Biomax Life Sciences Ltd., Ltd., Arjuna Natural Extracts Ltd., SV Agrofood, Star Hi Herbs Pvt. Ltd., Helmigs Prima Sejahtera PT.Ltd., and Herboveda India Pvt. Ltd.
This report segments the global curcumin market as follows:
Global Curcumin Market: Application Segment Analysis
Global Curcumin Market: Regional Segment Analysis
Middle East & Africa
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