Curcumin Market – Global Forecast and Opportunity Assessment by Technavio

LONDON–(BUSINESS WIRE)–#Research–According to the latest market study released by Technavio,
the global
curcumin market is expected to grow at a CAGR of almost 11%.

This research report titled ‘Global
Curcumin Market 2017-2021’ provides an in-depth analysis of the
market in terms of revenue and emerging market trends. This market
research report also includes up to date analysis and forecasts for
various market segments and all geographical regions.

The global curcumin market is anticipated to observe a significant
growth over the forecast period owing to an increase in demand for food,
pharmaceuticals, and cosmetics applications. Curcumin is mainly obtained
from the rhizomes of turmeric. The production of turmeric is largely
concentrated in APAC, especially in India and China.

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Technavio’s analysts categorize the global curcumin market into four
major segments by the application. They are:

• Pharmaceuticals
• Food
• Cosmetics
• Others

The top three segments based on the application for the global curcumin
market are discussed below:

Global curcumin market for pharmaceuticals

Curcumin is one of the widely used phytochemical ingredients in
pharmaceutical products. It is preferred in pharmaceutical products due
to its exceptional medicinal and phytonutrient properties. It is
perceived that curcumin is a natural immune system booster and works as
a preventive agent against several diseases.

According to Ajay Adhikari, a lead specialty
chemicals research analyst from Technavio, “In vitro and in
vivo researchers have revealed several novel bioactivities of curcumin
such as inhibition of cell proliferation, cell apoptosis,
anti-angiogenesis, anti-microbe, anti-cell adhesion, and motility
properties. Curcumin is a diet-derived compound, thus devoid of any
acute toxic effect.”

Global curcumin market for food

Curcumin is widely used in most of the yellow colored food products. It
provides a bright and orange-yellow color to them. The decent color
stability of curcumin makes it preferred in food products. Curcumin
easily dissolves in alcohols and oils, which increases its consumption
in food application.

“Curcumin is very helpful for high cholesterol conditions. It aids in
the reduction of low-density lipoproteins, which is extremely important
for overweight individuals. It also provides protection against various
age-linked degenerative diseases such as Alzheimer’s disease,
cardiovascular disease, and cataract,” says Ajay.

Global curcumin market for cosmetics

Curcumin has been used as a beauty ingredient in cosmetic products for
centuries. It is an economical and herbal component to cure several acne
and skin problems. Curcumin is widely used in cosmetic applications for
the treatment of acne, wrinkles, stretch marks, signs of aging, burns,
cracked heels, skin conditions, hair dandruff, and scalp problems.

Curcumin can be easily found in cosmetic products such as skin creams,
facial masks for oily and dry skin, facial hair removers, and hair
creams to prevent hair loss, face scrubs to remove dead skins, aging
skin solutions to reduce tanning and skin pigmentation, and in hair dyes.

The top vendors highlighted by Technavio’s research analysts in this
report are:

• ARJUNA NATURAL EXTRACTS
• Biomax
• HINDUSTAN MINT & AGRO PRODUCTS
• SVagrofood
• Synthite Industries

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About Technavio

Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.

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