Global Curcumin Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast 2018 to 2027

The Curcumin Market report Report Overview:

“The global Curcumin Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

The Curcumin Market report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027.

The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global curcumin market report has been segmented on the basis of application and region.

Curcumin is a chemical produced by some plants such as Turmeric, and has its application as producing dietary supplements, cosmetic ingredient, food coloring and food flavoring. Moreover, due to tis medicinal properties it has high demand from pharmaceutical industry.

Increasing demand for curcumin from various industries such as cosmetic as ingredient, in food industry for coloring and flavoring, and producing dietary supplements, and others, is a key factor expected to drive growth of the global curcumin market.

In addition, curcumin has medicinal properties which makes it beneficial to treat various chronic diseases such as arthritis, gastric ailments, Alzheimer’s, tumors, and viral infections, etc. Curcumin is considered as a good remedy for skin diseases as well, and hence is used in making herbal skin care formulations.

According to R&D activities done on curcumin, it has been concluded that curcumin contains anti-cancer properties, and this factor is expected to create great opportunities for manufacturers operating in the global curcumin market in the near future.

However, presence of substitutes such as synthetic food colors is expected to restrain growth of curcumin market in developing regions to a certain extent.

North America market is estimated to account for major revenue share in the global curcumin market, and is expected to register significant growth. This growth can be attributed to increasing adoption of curcumin in dietary supplements and cosmetics industry.

Market in Europe follows North America market in terms of revenue contribution, owing to increasing demand for product from medical industry and food applications. Asia Pacific market is expected to register lucrative growth in terms of revenue and this growth is mainly driven by growing demand from various herbal skin care manufactures whose products are gaining penetration at a very fast rate in developed and developing regions.

Global curcumin market segmentation:

Segmentation by Application:

• Chemical processing
• De-icing
• Oil & Gas (drilling, refining, and other process)
• Water treatment
• Agriculture
• Others (food processing, animal feed, etc.)

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa