The global curcumin market revenue is expected to expand at a lucrative CAGR over the forecast period. Increasing demand for curcumin from various end-use industries such as medical, food, cosmetics and skin care products, and others is expected to drive growth of the global curcumin market over the forecast period. Curcumin is very helpful for treatment of various chronic diseases Alzheimer’s and tumors.
The global curcumin market is segmented on the basis of application and region.
On the basis of application, the global curcumin market is segmented into pharmaceutical, food, cosmetics, and others (dye-sensitized PV technology and textiles). The pharmaceutical segment is estimated to account for highest share in terms of revenue, owing to its high demand for curcumin-based supplements, which are available over-the-counter without any regulations.
On the basis of region, the global curcumin market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
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In 2016, market in North America accounted for largest share in the global curcumin market in terms of revenue. High demand for curcumin from cosmetics industry and increasing adoption of curcumin-based dietary supplements by individuals in countries in this region. Europe curcumin market is expected to account for second-largest share in terms of revenue, due to increasing demand from pharmaceutical and food industries. Europe market is followed by markets in Asia Pacific, Latin America, and Middle East & Africa.
Key players operating in the global curcumin market include Biomax Life Sciences Ltd., Synthite Industries Ltd., Hindustan Mint & Agro Products Pvt. Ltd., Arjuna Natural Extracts Ltd., SV Agrofood, Star Hi Herbs Pvt. Ltd., Herboveda India Pvt. Ltd., Helmigs Prima Sejahtera PT., Hebei Food Additive Co. Ltd., Tri Rahardja PT. and Konark Herbals & Health Care.