Curcumin Market Share, Key Trends, Vendor Strategies, Application Analysis, Regional Outlook & Forecasts to 2022

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Curcumin Market Share, Key Trends, Vendor Strategies,

Application Analysis, Regional Outlook & Forecasts to 2022

Global curcumin market is expected to reach USD 94.3 million by 2022. Therapeutic properties of

curcumin such as anti-inflammatory and anti-oxidant make them ideally suited for use in food and

medical application. The market is expected to witness significant growth in light of the growing

consumer awareness regarding the above mentioned therapeutic properties.

Increasing demand for herbal and ayurvedic skin care products is also expected to boost demand for

curcumin over the forecast period. Curcumin or turmeric extracts are also gaining importance owing to

the lower bioavailability of raw turmeric which is mostly consumed in food products.

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Pharmaceutical was the largest application segment accounting for over 50% of the global volume owing

to an increasing demand for curcumin based OTC supplements. Curcumin demand in food application

also increased in 2014 in terms of absolute volumes on account of growing demand for natural coloring

and flavoring substances.

Similar trends are expected to continue over the forecast period. Growing penetration of herbal skin

care products is expected to further augment curcumin market growth. R&D in dye-sensitized PV

technology is expected to open new market avenues for curcumin.

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Further key findings from the study suggest:

North America was the largest regional market for curcumin with market revenue exceeding USD 20

million in 2014. Curcumin is an established ingredient for pharmaceutical application in the region which

is expected to act as a major driver for market growth. In addition, growing use of turmeric...