Curcumin is a bright yellow color is derived from curcuminoids which are fat soluble, polyphenolic pigments. Curcumin is also known as turmeric extract. Curcumin is present in two tautomeric forms such as enol and keto. The enol form of curcumin is energetically stable in liquids and solid phase. The beneficial properties of curcumin have led to high demand in various ne d-user industries in the market. Curcumin possesses anti-inflammatory, antifungal and antiviral actions. It exerts anti-inflammatory activity by inhibition of number of different molecules which play an important role in inflammation.

Based on application, global curcumin market is segmented into pharmaceutical, food, cosmetics and others which include cyanide detection and dye. Among these, pharmaceuticals accounted for larger share of the global curcumin market is expected to rise during the forecast period. Growing demand for curcumin in the pharmaceutical industry has boosted market growth of global curcumin market. The beneficial properties of curcumin such as anti cancer and anti-viral has made its useful in manufacturing wide range of medicines and herbal supplements. Therefore, pharmaceutical industry is anticipated to generate high demand for curcumin in the near future. Food accounted as the second largest application segment of curcumin. Curcumin is widely used as spice in Asia Pacific and as a food colorant in the West. Therefore, high demand if reported for curcumin from Asia Pacific as curcumin is used in the Asian cuisine. Curcumin is insoluble in water and this is expected to hinder the growth of global curcumin market. However, water soluble salts of curcumin are expected to take over the market as they can be used in wide range of applications in end-user industries.

Curcumin market was valued at US$ US$ 35.7 Mn in 2014 and is expected to reach US$ 84.3 Mn by 2023, growing at a CAGR of 11.6% during the forecast period 2015-2023.

Purpose of the Report

The purpose of this strategic research study titled “Global Curcumin Market - Growth, Share, Opportunities, and Competitive Analysis, 2015 – 2023” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them make informed strategic decisions regarding the opportunities in the global curcumin market.

Target Audience

• Industry Investors
• Curcumin Providers/Vendors
• Research Professionals
• Emerging Companies
• Raw Material Suppliers/ Buyers
• Product Suppliers/ Buyers
• Research Institutes

USP and Key Offerings

The report titled “Global Curcumin Market - Growth, Share, Opportunities, and Competitive Analysis, 2015 – 2023” offers strategic insights into the global curcumin market along with the market size and estimates for the duration 2015 to 2023. The said research study covers in-depth analysis of multiple market segments based on end-user applications, and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading curcumin vendors, their expansion strategies, market positioning, and latest developments. Other in-depth analyses provided in the report include:

• Current and future market trends to justify the forthcoming attractive markets within curcumin industry
• Market fuelers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis
• Trailing 2-Year market size data (2013 – 2014)
• SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global curcumin market, of growth, offering market size and estimates for the period from 2015 to 2023, keeping in mind the above mentioned factors.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Curcumin market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Curcumin market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Curcumin market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Curcumin market?
• Which is the largest regional market for Curcumin market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Curcumin market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Curcumin market worldwide?