(Entertainment-NewsWire.com, September 18, 2018 ) Industry Outlook and Trend Analysis The Curcumin Market was worth USD 38.45 million in 2014 and is expected to reach approximately USD 90.01 million by 2023, while registering itself at a compound annual growth rate (CAGR) of 9.92% during the forecast period. Curcumin is extricated from turmeric and is used in several end-use enterprises for its anti-oxidation and anti-inflammatory. Rising purchaser awareness with respect to medical advantages of the product is anticipated to assume a vital part in driving business sector development over the conjecture time frame. Owing to its beneficial characteristics, turmeric is a generally used fixing in nourishment and medicinal products, especially in the Indian subcontinent.
Application Outlook and Trend Analysis Curcumin discovers use in pharmaceutical, cosmetics, food and different applications including dye-sensitized PV technology and textiles. Pharmaceutical was the biggest application market for curcumin in 2014 by virtue of expanding interest for curcumin-based supplements. These supplements are accessible over-the-counter without any regulations and consequently have a gigantic market potential.
Regional Outlook and Trend Analysis North America was the biggest market for curcumin in 2014 and is anticipated to witness huge development by virtue of developing interest for curcumin-based dietary supplements. Expanding interest for curcumin for applications in cosmetic formulations is normal further extending the North American market. Europe was the second biggest market and is anticipated to witness the highest market development over the figure time frame because of expanding interest for curcumin in pharmaceutical and nourishment applications.
Competitive Insights The leading players in the market are SV AGROFOOD, BioMax, Star Hi Herbs Pvt Ltd, Herboveda India Pvt, Arjuna Natural Ltd, Helmigs Prima Sejahtera, Hindustan Mint & Agro Products Pvt. Ltd and Synthite Industries Limited. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
By Application: Food Pharmaceutical Cosmetics Others
By Region North America The U.S. Canada Mexico Europe Germany UK France Russia Italy Rest of Europe Asia-Pacific China Japan South Korea India Southeast Asia Rest of Asia-Pacific South America Brazil Argentina Columbia South Africa Rest of South America The Middle East and Africa Saudi Arabia UAE Egypt Nigeria South Africa Rest of MEA
Some of the key questions answered by the report are: What was the market size in 2014 and forecast from 2015 to 2023? What will be the industry market growth from 2015 to 2023? What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast? What are the major segments leading the market growth and why? Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
