Curcumin Market: Share, Size, Competitive Strategies and Forecast 2017 – 2024

Curcumin Market size to exceed USD 100mn by 2024:
Global Market Insights Inc.
The research report “Curcumin Market Size By Application (Pharmaceutical,
Food, Cosmetic), Industry Analysis Report, Regional Outlook, Growth Potential,
Price Trends, Competitive Market Share & Forecast, 2017 – 2024.” says,
Curcumin Market size is estimated to surpass USD 100 million by 2024.
Expansion in pharmaceutical industry will drive curcumin market owing to its
prevalence in treating various diseases including cancer. Global cancer drug industry
was worth over USD 100 billion in 2015 and is expected to surpass USD 145 billion
over the forecast period. Rising demand for anti-cancer, anti-inflammatory and antioxidation
property materials in medicines will drive curcumin market growth.
Increase in aging population has also added to product demand due to its anti-aging
properties. Rising demand for the ayurvedic personal care products is a major trend
behind growth of curcumin market. Several key vendors are launching the ayurvedic
and herbal products for catering to increasing demand for the organic and natural
products, this will help them in gaining a large industry share. Products including,
curcumin, green tea, aloe vera, and barry grass are gaining popularity in organic
products industry.
Increased protection from degradation, reduced skin irritancy, controlled release,
improved stability, increased surface area and higher solubility are the key properties
supporting the product demand in cosmetic industry. Increasing exposure to ultraviolet
radiation and rise in pollution is anticipated to propel product demand due to its
antioxidant properties.
Increasing consumer health awareness pertaining to ingredients presence in
medicines, food and cosmetic products are key factors enhancing manufacturers to
adopt organic ingredients in production formulations. However, limited therapeutic
potential of the product due to poor bio availability may hamper the industry growth.
Pharmaceutical application accounted for more than 50% of total industry share in
2016. Potential application treatment of renal, uterine, pancreatic, prostate, ovarian,
liver, oral, lung, breast, bladder and brain cancers is likely to provide lucrative
opportunity for industry growth. Increased usage of product in combination with
various other agents for treating cancer & numerous other diseases will propel the
product demand.
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North America Curcumin Market, By Application, 2016 & 2024, (USD
Thousand)
Browse key industry insights spread across 160 pages with 214 market data tables &
14 figures & charts from the report, “Global Curcumin Market Size By Application
(Pharmaceutical, Food, Cosmetic), Industry Analysis Report, Regional Outlook
(U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Poland, China, India,
Japan, Australia, Thailand, Indonesia, Malaysia, South Korea, Vietnam, Brazil,
Argentina, Mexico, Saudi Arabia, UAE, South Africa), Growth Potential, Price
Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with
the table of contents:
https://www.gminsights.com/industry-analysis/curcumin-market
Food application segment will reach up to USD 40 million by 2024. Growing food
supplements & herbal medicinal industry will drive the product demand in this
segment. Rise in ayurvedic and herbal product launch by several key vendors for
catering to increasing demand will help in increasing industry share.
North America curcumin market accounted for over 50% of overall industry share.
Increased R&D activities due to rising application scope of the product in treatment of
cancer turns as a key driving factor for industry growth. Growing demand for ayurvedic
and personal care products are the major drivers behind industry growth
Europe curcumin market will observe gains at 14.6% by 2024. Growing demand for
dietary supplements in the region has resulted in the increased demand for curcumin
market. Increased regulatory support along with the growth in consumer awareness is
likely to be the major factor responsible for the high market growth in region.
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Global curcumin market is fragmented due to presence of various regional
manufacturers. Major industry players include Biomax Life Sciences, Konark Herbals
& Health Care, Tri Rahardja PT, Hebei Food Additive Co., Helmigs Prima Sejahtera
PT, Herboveda India and SV Agrofood.
Segmentation :
of Curcumin Market :
Curcumin market research report includes in-depth coverage of the
industry with estimates & forecast in terms of volume in tons & revenue
in USD million from 2013 to 2024, for the following segments:
Curcumin Market By Application
o
o
o
Pharmaceutical
Food
Cosmetics
The above information is provided on a regional and country basis for the
following:
o
o
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North America
o U.S.
o Canada
Europe
o Germany
o UK
o France
o Italy
o Spain
o Poland
o Austria
Asia Pacific
o China
o India
o Japan
o Australia
o Malaysia
o Indonesia
o Thailand
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o
o
South Korea
Vietnam
o
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Latin America (LATAM)
o Brazil
o Argentina
o Mexico
Middle East
o South Africa
o UAE
o Saudi Arabia
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
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