Curcumin Market Worldwide Opportunities, Prominent Players, and Growth Rate

The global curcumin market is estimated to gain huge traction in the forthcoming years. Turmeric is derived from Curcuma longa plant and on an account of its therapeutic properties, it is widely used as an active ingredient in food and medicinal products. “An increasing demand for natural coloring agents, along with added anti-inflammatory and antioxidant properties, is gaining a strong popularity among herbal skin care and ayurvedic cosmetic products.”

The demand for curcumin is projected to be driven by its increasing use in pharmaceutical products for treating arthritis and osteoarthritis. Low consumer awareness of curcumin’s health benefits in North America is hampering the market growth. The growing spending on improvised cultivation programs is boosting botanical raw material production, along with the coexisting offerings of modern-day science and marketing is opening opportunities for entrants who are striving to capitalize in this market.

The market presents a detailed depiction of the application segment which comprises of pharmaceutical, cosmetics, food & beverage and others. Market has been categorized based on the key regions as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Asia Pacific is the largest curcumin market as it holds the largest share in curcumin production and is attributed as a top-ranking herbal supplement manufacturer and distributer in the global market. A major part of raw turmeric production is undertaken in India and is primarily traded across Europe and North America.

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The curcumin market offers a multitude of challenges for the industry participants and the gaining decisive understanding of these challenges have impelled the players to pander strategic merger & acquisition activities with their fellow contenders. Some of the prominent players dominating the curcumin machine market include Wacker Chemie AG, Synthite Industries Ltd., BioMax Life Sciences Ltd., Arjuna Natural Extracts Ltd., Hindustan Mint & Agro Products Pvt. Ltd., Star Hi Herbs Pvt. Ltd., SV Agrofood, Helmigs Prima Sejahtera P.T., Tri Rahardja PT/Javaplant, Herboveda India Pvt. Ltd., Konark Herbals & Health Care, Sabinsa Corporation, and Rosun Natural Products Pvt. Ltd. Among others.

An increasing assessment from financial organizations, government, and other regulatory bodies is influencing the effective research methodology and an in-depth exploration of business strategies to be adopted by the prominent market players. Stakeholders and investors are increasing their spending on research and development activities to scale the latest technologies in their system engineering process. The industry players are constantly striving to capitalize on the increasing demand for electric motors by incorporating strategic merger & acquisition (MA), joint ventures, collaboration and partnerships with fellow market participants.

An increase in the penetration of synthetic curcumin versions into the supply chain has compelled the FDI to scrutinize the proof of safety, for curcumin products to be legally sold in the global market. The level of radioactivity or assimilated carbon dioxide is used to distinguish plant-derived extract from the adulterated equivalents. Increasing investment in lab testing has been endeavored by the shareholders to enable accurate measurement of relative ratios of each of the constituents.

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