Curcumin is an ingredient of turmeric which is found in limited amounts in ginger. It is not water-soluble, but it is soluble in ethanol. It has excellent properties such as anti-inflammatory and anti-oxidation. It is extracted from turmeric and is widely used in pharmaceuticals, food and cosmetics industry for its anti-oxidation and anti-inflammatory properties.
Generally, curcumin can be divided into three applications: pharmaceutical, food and beverage and cosmetics. Among those applications, the purity of pharmaceutical grade is much higher than other two types, so is the price. Consumption of pharmaceutical grade accounts for the largest market share globally with 54.08% market share in 2015.
The production of curcumin mainly concentrates in India for the time being, which held 77.68% production share in 2015. Actually, India keeps extending the industry chain of turmeric. From turmeric plants to turmeric powder and curcumin, India has formed an integrated system. The country exports large amounts of turmeric related products to other countries per year. While, in China, limited by the supply of turmeric and technology, the country mainly produce curcumin for its own use with limited export. India is the industry pioneer of curcumin at the time.
Price fluctuations of curcumin have a very close relationship with turmeric. However, the harvest of turmeric is influenced by the weather obviously. Thus, price change of curcumin faces uncertainties each year. According to research, the price of curcumin is in the downward trend on the whole in the recent few years. With relatively sufficient supply of turmeric, it is estimated that price of curcumin will keep going down in the coming years, taking no account of extreme weather change in the turmeric growth regions.
According to this study, over the next five years the Curcumin market will register a 3.2% CAGR in terms of revenue, the global market size will reach US$ 160 million by 2024, from US$ 130 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Curcumin business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Curcumin market by product type, application, key manufacturers and key regions and countries.
This study considers the Curcumin value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Pharmaceutical Grade
Food Grade
Cosmetic Grade
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Pharmaceutical
Food and Beverage
Cosmetics
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Synthite Ind
Sabinsa
Indena
Biomax
K.Patel Phyto
Arjuna
Naturite
Konark
Arpan
Star Hi Herbs
Guangye Natural
Zhongda Bio
Chenguang Biotech
Tianxu Biotech
Tairui Biotech
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Curcumin consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Curcumin market by identifying its various subsegments.
Focuses on the key global Curcumin manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Curcumin with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Curcumin submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Curcumin . Industry analysis & Market Report on Curcumin is a syndicated market report, published as Global Curcumin Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Curcumin market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.