Market Study Report: The Report 2021-2027 Global Curcumin Market Report explores the essential factors of the Curcumin market considering such as industry situations, market demands, market players adopted business strategies and their growth scenario. The Global Curcumin market has been separated by this report based on the key players profiles, Type, Application and Regions.
Global Curcumin Market size to reach USD 165 million by 2027 and is valued approximately USD 5.1 million in 2020 and is anticipated to grow with a healthy growth rate of more than 16.1% over the forecast period 2021-2027.
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Curcumin is a mainly extracted from turmeric and ginger. It used for many medical purposes as well as skin care because it has anti-cancer, antioxidant, anti-inflammatory properties and it is used to cure many skin problems such as dark circles, sore skin, leech bites etc. which serves as driving factor Curcumin Market. Curcumin is anti-inflammatory and therefore it is used to treat diseases like heart disease, cancer, metabolic syndrome, Alzheimer’s disease and various degenerative conditions. Turmeric comes in about 30 varieties grown mainly in India. As well as its application in food industry, such as its application in spice serves as another driving factor for the market. Turmeric occupies about 6% of the total area under spices and condiments in India. India is the world’s largest producer, consumer and exporter of spices; the country produces 75 of the 109 varieties listed by the International Organization for Standardization (ISO). However, the presence of cheaper synthetic food colorants and formulation challenges in curcumin-based products impedes the growth of the market over the forecast period of 2021-2027. Also, growth in consumer awareness regarding its therapeutic properties is likely to increase the market growth during the forecast period.
Major Curcumin market player included in this report are:
- Biomax Life Sciences Ltd.
- Synthite Industries Ltd
- BioThrive Sciences
- Konark Herbals & Health Care
- Arjuna Natural Extracts Ltd
- SV Agrofood
- Star Hi Herbs Pvt. Ltd
- NOW Foods
- Phyo life Sciences
- Herboveda India Pvt. Ltd.
The regional analysis of global Curcumin Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing to the high product demand in food & nutritional supplements with growing awareness for the consumption of healthy products. Whereas, Europe is also anticipated to exhibit highest growth rate over the forecast period 2021-2027. Factors such well-established personal care & cosmetics industry in Western European countries, such as Italy, Germany, and Spain. would create lucrative growth prospects for the Curcumin Market across the region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
Global Curcumin Market: regional analysis
Geographically, this report is segmented into several key countries, with market size, growth rate, import and export of Curcumin market in these countries, which covering North America, U.S., Canada, Europe, UK, Germany, France, Spain, Italy, ROE, Asia Pacific, China, India, Japan, Australia, South Korea, RoAPAC, Latin America, Brazil, Mexico and Rest of the World.
Furthermore, years considered for the study are as follows:
- Historical year – 2018, 2019
- Base year – 2020
- Forecast period – 2021 to 2027
Some of the major questions addressed in the report are:
- What are the crucial factors driving the market?
- What shall be the expected growth acceleration and rate of the market during the forecasted timeframe?
- What was the market size value of the Curcumin in 2020?
- What shall be the Curcumin Market size by 2027?
- Which region shall account for the largest market share of the Curcumin Industry?
- What are the market threats and opportunities considered by the vendors in the Curcumin Market?
Questions? Get them answered via https://www.marketstudyreport.com/enquiry-before-buying/4285165/?utm_source=Marketwatch.com/&utm_medium=SP before taking a buying decision on Curcumin Market Report
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