Curcumin Market To Witness a Pronounce Growth Over 2025Posted by Avinash on March 16th, 2020 The global curcumin market size is expected to reach USD 130,671.7 thousand by 2025, according to a new study by Grand View Research, Inc., registering a 13.3% CAGR during the forecast period. Anti-inflammatory and antioxidant properties of curcumin make it an ideal ingredient in several food and medical applications. The market is expected to witness significant growth in light of growing consumer awareness regarding the aforementioned therapeutic properties. Turmeric or curcumin is popularly used in cosmetic products. In India, turmeric forms a key ingredient in numerous Ayurveda medicines. It is used to prevent and heal dry skin, treat acne and eczema, and slow down the aging process. Natural cleansers, such as milk, when mixed with turmeric, serve as effective natural cosmetics. Glowing skin and controlling and reducing formation of wrinkles and lines are some of the benefits of these cosmetics. Turmeric is also used for dyeing silk, cotton, wool, and fabrics for a yellowish shade. The dye is also used as a coloring material in rice milling and leather dyeing. Pharmaceuticals formed the largest application segment in terms of volume, accounting for a share of over 50.0% in 2016, owing to increasing demand for curcumin-based OTC supplements. Demand in food applications has also witnessed a surge in terms of absolute volume on account of growing demand for natural coloring and flavoring substances. Players in the market include Wacker Chemie AG, BioMax Life Sciences Ltd., Synthite Industries Ltd., Hindustan Mint & Agro Products Pvt. Ltd., and Arjuna Natural Extracts Ltd. Arjuna Natural Extracts Ltd. invested approximately USD 1.5 million in proactive curcumin research in March 2016. Request Free Sample PDF of the research at: Curcumin Market Other key findings from the study suggest:
Grand View Research has segmented the global curcumin market on the basis of application and region: Curcumin Application Outlook (Volume, Tons; Revenue, USD Thousand, 2014 - 2025)
Curcumin Regional Outlook (Volume, Tons; Revenue, USD Thousand, 2014 - 2025)
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