Increased Consumer Awareness Regarding Health Benefits of Curcumin to Fuel Market Growth

Curcumin is an ingredient in turmeric that is found in a very negligible amount in ginger. It has cancer preventive elements. It is also known as cancer preventive molecule and is anti-inflammatory in nature. The compound is extracted from turmeric and is used extensively in food and beverages, pharmaceuticals sector owing to its anti-inflammatory and anti-oxidation properties. Transparency Market Research has recently published a report, titled, “Curcumin Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021.” Curcumin is used in treatment of arthritis, tumors, viral infections, and gastric diseases.

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Increased consumer awareness regarding health benefits of curcumin and rising demand for curcumin-based food supplements are propelling growth in curcumin market, globally. Moreover, owing to rising consumer awareness about its anti-cancer nature, the factor becomes a key drivers contributing in the market growth. Curcumin based supplements have a big market because they are available conveniently over the counter without involving any government regulations. Apart from that, curcumin is being adopted widely as an ingredient in herbal and cosmetic skin care products. And the developing demand for herbal and Ayurvedic healthy skin products is estimated to drive the market in future. Along with that, thorough research and development activities with respect to the utilization of curcumin in dye sensitized PV advancements can provide another opportunity for the market.

Based on application, the pharmaceuticals segment held the biggest market share because of rising demand for curcumin based supplements.  Moreover, growing demand for herbal cosmetic products is anticipated to drive the market of curcumin in healthcare applications, for example to treat skin diseases.

Geographically, North America held the biggest market and is likely to witness critical development during 2016 to 2021, because of developing demand for curcumin based supplements in the region. Similarly, growing interest for curcumin in cosmetic industry is further driving the market. Owing to this, the demand for curcumin is foreseen to be high during 2015 to 2021, in North America. Europe trails North America and the market is expected to develop at a high rate owing to the rising uses of curcumin in pharmaceutical and food industry. In addition, research and development activities regarding growing utilizations of curcumin in treatment of cancer  is also driving growth of curcumin market in Europe.

Biomax Life Sciences Ltd., Konark Herbals & Health Care, Hindustan Mint & Agro Products Pvt. Ltd., Herboveda India Pvt. Ltd., SV Agrofood, Hebei Food Additive Co. Ltd., Arjuna Natural Extracts Ltd, and Synthite Industries Ltd. are some of the major players leading the global curcumin market.

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