Curcumin Market By Application (Pharmaceuticals, Food, Cosmetics, Others) - Growth, Share, Opportunities & Competitive Analysis, 2015 - 2022

Curcumin is a bright yellow color is derived from curcuminoids which are fat soluble, polyphenolic pigments. Curcumin is also known as turmeric extract. Curcumin is present in two tautomeric forms such as enol and keto. The enol form of curcumin is energetically stable in liquids and solid phase. The beneficial properties of curcumin have led to high demand in various ne d-user industries in the market. Curcumin possesses anti-inflammatory, antifungal and antiviral actions. It exerts anti-inflammatory activity by inhibition of number of different molecules which play an important role in inflammation.

Based on application, global curcumin market is segmented into pharmaceutical, food, cosmetics and others which include cyanide detection and dye. Among these, pharmaceuticals accounted for larger share of the global curcumin market is expected to rise during the forecast period. Growing demand for curcumin in the pharmaceutical industry has boosted market growth of global curcumin market. 

The beneficial properties of curcumin such as anti cancer and anti-viral has made its useful in manufacturing wide range of medicines and herbal supplements. Therefore, pharmaceutical industry is anticipated to generate high demand for curcumin in the near future. Food accounted as the second largest application segment of curcumin. Curcumin is widely used as spice in Asia Pacific and as a food colorant in the West. Therefore, high demand if reported for curcumin from Asia Pacific as curcumin is used in the Asian cuisine. Curcumin is insoluble in water and this is expected to hinder the growth of global curcumin market. However, water soluble salts of curcumin are expected to take over the market as they can be used in wide range of applications in end-user industries.

Curcumin market was valued at US$ US$ 35.7 Mn in 2014 and is expected to reach US$ 84.3 Mn by 2022, growing at a CAGR of 11.6% during the forecast period 2015-2022.

Purpose of the Report

The purpose of this strategic research study titled “Global Curcumin Market - Growth, Share, Opportunities, and Competitive Analysis, 2015 – 2022” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them make informed strategic decisions regarding the opportunities in the global curcumin market.

Target Audience

• Industry Investors
• Curcumin Providers/Vendors
• Research Professionals
• Emerging Companies
• Raw Material Suppliers/ Buyers
• Product Suppliers/ Buyers
• Research Institutes
•  

USP and Key Offerings

The report titled “Global Curcumin Market - Growth, Share, Opportunities, and Competitive Analysis, 2015 – 2022” offers strategic insights into the global curcumin market along with the market size and estimates for the duration 2015 to 2022. The said research study covers in-depth analysis of multiple market segments based on end-user applications, and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading curcumin vendors, their expansion strategies, market positioning, and latest developments. Other in-depth analyses provided in the report include:

• Current and future market trends to justify the forthcoming attractive markets within curcumin industry
• Market fuelers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis
• Trailing 2-Year market size data (2013 – 2014)
• SRC (Segment-Region-Country) Analysis
•  

Overall, the research study provides a holistic view of the global curcumin market, of growth, offering market size and estimates for the period from 2015 to 2022, keeping in mind the above mentioned factors.

On the basis of its application, the curcumin market is categorized into following segments:

• Pharmaceuticals
• Food
• Cosmetics
• Others (Dye, Cyanide Detector, etc.)

Pharmaceuticals accounted for higher share of global curcumin market in 2015. Curcumin is primarily used in the manufacture of herbal supplements. Growing interest from researchers, consumers and producers in procuring patent rights has led to rising demand for curcumin in the pharmaceuticals market. The beneficial properties of curcumin such as anti-inflammatory and anti-viral have attracted the attention of pharmaceutical industry. Studies for analyzing the curcumin nanoformulations in in-vivo and cancer cell lines are also a significant development in curcumin pharmaceuticals market. Food accounted to be the second largest application of curcumin worldwide. 

Curcumin is widely used as spice in the East and as a food colorant in the West. High demand from the food industry for curcumin as food colorant has fueled market demand of curcumin. Curcumin is been tested and proved to be anti-oxidant and is useful for treatment of acne and pigmentation. Therefore, high amount of curcumin is used in the production of skin care products as it protects skin from UV rays and pollution. Hence, cosmetic industry is also expected to boost market growth of curcumin. Other applications which include dye for textiles and detecting presence of cyanide in drugs are also projected to fuel market demand for curcumin during the forecast period from 2015 to 2022.

On the basis of geography, the global curcumin market is segmented into following categories,

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • France
  • Germany
  • UK
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Rest of Asia Pacifi
• Middle East & Africa
• Latin America

North America accounted for major share of global curcumin market in 2014. It accounted for more than 50% share of global curcumin market. Among the countries in North America, U.S. accounted for larger share of more than 50% of global curcumin market. According to the American Botanical Council, over 50% of total adults consume botanicals which are increasing the consumption of curcumin in the region. Moreover, curcumin herbal supplements are gaining high demand in the market. Therefore, growing demand for curcumin products in the region is major factor driving the growth of curcumin market. Europe accounted as the fastest growing region for curcumin worldwide. 

Increasing demand for curcumin based pharmaceutical and cosmetic products is driving the curcumin market in the region. In addition, high demand for curcumin as a food colorant from the food industry is another factor contributing to the demand of curcumin in the region. Curcumin is widely used as spice in Asia Pacific. Hence, high demand is generated for curcumin in the region. Other regions such as Middle East & Africa and Latin America are also projected to boost high demand of curcumin during the forecast period from 2015 to 2022.