SELBYVILLE, Del., Sept. 11, 2019 /PRNewswire/ -- The worldwide
curcumin market is expected to cross $USD 100 million by 2024,
published in a new research report by Global Market Insights, Inc.,
supported by increasing demand for natural and organic ingredients
in the pharmaceutical industry. The study delivers a detailed
analysis of the application and regional spectrums of this
industry.
Growing demand for organic food, cosmetics and healthcare
products will propel the global curcumin market size, owing to
increased adoption of naturally sourced ingredients. The
significant anti-inflammatory, anti-cancer and antioxidant
characteristics in products will support the consumption of
curcumin for manufacturing pharmaceuticals and food products. In
terms of the application spectrum, the curcumin industry is
segmented into food, cosmetics and pharmaceutical segments.
Request a sample of this research report
at https://www.gminsights.com/request-sample/detail/788
Cosmetics is one of the lucrative sectors, due to rising
consciousness regarding skincare, as well as towards the use of
chemical-free, natural products. Developing countries, such as
China and India, are witnessing robust demand for
cosmetics over the years, owing to a shift in lifestyle patterns
and an increase in disposable income. There has also been
increasing awareness regarding the ill effects of chemically
derived products.
The cosmetics application segment is projected to account for
over USD $5 million of the curcumin
market share by 2024.
The ever-expanding food sector is boosting the global
curcumin industry outlook considerably, from constant R&D
efforts coupled with innovations in food products to meet changing
consumer demand. Increasing demand for natural colorants in the
food and beverage sector is further steering the requirement for
the ingredient.
Curcumin is being increasingly used to add flavor and color to
food items such as butter, cheese, margarine, pickles and mustard.
Commercial feasibility, along with the rising preference of
manufacturers for the product, is significantly fueling
the curcumin market size.
Innovations in the pharmaceutical sector, along with the growing
need for herbal health supplements is driving the global market
forecast. In recent times, there has been considerable demand for
curcumin-based medicines due to unique therapeutic properties in
ayurvedic medicinal formulations, further intensifying the
ingredient demand globally.
Asia-Pacific is expected to
evolve as one of the most significant remuneration grounds for
curcumin suppliers. In order to meet the increasing demand for
herbal and chemical-free natural products regionwide, cosmetics
skin care manufacturers, especially in India, are using the ingredient for making
numerous products. Moreover, the high curcumin content present in
Indian turmeric products is notable, driving Asia-Pacific curcumin industry trends.
Browse key industry insights spread across 160 pages, with
214 market data tables and 14 figures and charts from the
report, "Curcumin Market," in detail, along
with the table of contents:
https://www.gminsights.com/industry-analysis/curcumin-market
The growing geriatric population in North America is steering the demand for
curcumin infused pharmaceutical products due to hypoglycemic,
wound-healing, anti-inflammatory and other health benefits
associated with the substance. Additionally, the presence of
several cosmetic brands in the region and antibacterial properties
associated with the product is providing an increased impetus for
the product's adoption.
North America's curcumin
market size is projected to showcase a robust 11.5% CAGR over the
forecast timeframe.
Europe is expected to emerge as
one of the more profitable revenue terrains for the curcumin
industry in the coming years. Increasing consumer spending on food
and pharmaceutical products, coupled with stringent regulations set
by regulatory authorities towards the use of the product, will
bolster the product consumption substantially. For instance, the
European Food Safety Authority (EFSA) aims at including curcumin in
the commercial food category. Rising R&D initiatives aimed at
exploring various skin cancer treatment options are further
anticipated to accelerate the expansion of global curcumin market
share.
Make an inquiry for purchasing this report
at https://www.gminsights.com/inquiry-before-buying/788
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About Global Market Insights
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research reports along with growth consulting services. Our
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with penetrative insights and actionable market data specially
designed and presented to aid strategic decision making. These
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methodology and are available for key industries such as chemicals,
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biotechnology.
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Related Images
curcumin-market-forecasts-to-2024.jpg
Curcumin Market Forecasts to 2024
The world curcumin industry is expected to achieve a 11%+ CAGR up
to 2024, owing to increasing product scope in food, cosmetics and
pharmaceuticals.
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SOURCE Global Market Insights, Inc.