Global Curcumin Market Is Anticipated to Reach Usd 95 Million by 2021

Global Curcumin Market is anticipated to reach USD 95 million by 2021

New York, June 02: Market Research Engine has published a new report titled as “Curcumin Market Analysis By Application (Pharmaceutical, Food, Cosmetics) And Segment Forecasts To 2022”

Curcumin is an anti-inflammatory compound found in turmeric. It has several proven benefits in field of cosmetics, pharmaceutical and others. It is extracted from turmeric. Curcumin is bright yellow in colour and an excellent anti-oxidant, which is also used in food to add flavour and colour to the food. It is extensively used in India. 

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Global Curcumin market is anticipated to reach USD 95 million by 2021,Pharmaceutical was leading application segment in global curcumin market accounting over 45% of the total market share in terms of volume.North America is leading market and seem to remain at the peak during the forecasted period. Europe is subsequent market and anticipated to have highest CAGR owing to its increasing demand in food and pharmaceuticals industry. Asia Pacific is anticipated to show healthy growth during the forecast period.

Rising demand in industries such as food, cosmetics and pharmaceuticals is driving the curcumin market worldwide. Increasing awareness of potential health benefits of curcumin among consumers is driving the global market. Availability of cheaper food colours is a restraining factor for this market. Increase in demand for naturally based cosmetic products is trailing the cosmetics industries to use curcumin in skin care products which is a growth factor.

The global curcumin market is segmented based on its applications which include food, cosmetics, pharmaceuticals and others. The market segments in terms of geographical regions include North America, Europe, Asia-Pacific...