About Curcumin
Curcumin is a bright yellow phenolic compound produced by Curcuma longa plants used as a food colouring and flavouring and as a dietary supplement. It has been used for centuries in ayurvedic and Chinese medicine for its analgesic, anti-inflammatory, antiseptic activity and low toxicity. It has no confirmed medical use in spite of efforts to find one via both laboratory and clinical research. It is difficult to study because of unstable and poorly bioavailable. Its most common applications are as an ingredient in dietary supplements in cosmetics and as a flavoring for foods.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Analyst at AMA Research estimates that Indian Vendors will contribute the maximum growth to Global Curcumin market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Biomax Life Sciences Ltd (India), Synthite Industries Ltd. (India), Hebei Food Additive Co. Ltd. (China), Hindustan Mint & Agro Products Pvt. Ltd (India), Sabinsa Corporation (United States), SV Agrofood (India), Indena (Italy), Star Hi Herbs Pvt. Ltd (India), Herboveda India Pvt. Ltd (India) and K. Patel Phyto Extractions Pvt. Ltd. (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Curcumin market by Type (Pharmaceutical Grade, Food Grade and Cosmetic Grade), Application (Pharmaceutical, Food and Beverage, Cosmetics and Others) and Region.
On the basis of geography, the market of Curcumin has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Curcumin market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand for Organic Products
Market Growth Drivers:
Health Benefits of the Curcumin, Increased Consumption of Health Supplements and High Demand for Curcumin in Various Applications
Challenges:
Lack of Awareness in Developed Regions
Restraints:
High Cost of Production
Opportunities:
Growing Consumer Awareness about Benefits of the Curcumin and Favorable Government Strategies to Expand the Production Capacity
Recently, Sabinsa Corporation has introduced a new form of Curcumin which is completely water-soluble, a major breakthrough in Curcumin technology: uC3 CLEAR.
Key Target Audience
Curcumin Producers, Research Professionals, Emerging Companies, Government Body & Associations and End-user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.