What is Curcumin?
Curcumin is an active chemical compound present in turmeric. It is a bright yellow. Industries extract Curcumin from Curcuma longa plants also.
Turmeric has three types of Curcuminoids, and Curcumin is one of those.
Related Project:- Curcumin Extraction Unit
Uses of Curcumin:
Curcumin can be used as an excellent flavour to give a turmeric scent to the food you eat.
Curcumin has the natural colour of bright yellow that you can use to colour your food.
Curcumin is also used as a cosmetic ingredient to prepare different skincare or other cosmetic products.
People also use Curcumin as an herbal supplement.
Why is the market of Curcumin growing?
With increasing diseases and other health issues, Curcumin is becoming popular due to its antioxidant, anticancer and anti-inflammatory properties. Apart from these properties, Curcumin has extensive use in skin care applications. It prevents ringworm, eye infections, leech bites, sore skin etc. So these extensive uses have expanded the global market of Curcumin.
Curcumin is becoming popular in Ayurvedic medicine preparations. People are becoming more health-conscious these days, and hence the consumption of Curcumin is increasing day by day.
Curcumin is mainly extracted from turmeric or ginger as those are readily available. Curcumin also belongs to the same family as them, called Zingiberaceae.
Market Overview of Curcumin industry:
In the year 2019, the global market size of Curcumin was $58.4 million. The size of the worldwide market is expected to reach more than $100 million by 2022. The expected CAGR growth rate is 12.7% during the forecasted period.
A shift has been observed in Curcumin consumption trends by the users due to the increasing awareness to use organic and natural products in cosmetics, food and other uses. That’s why the demand is expected to increase exponentially over the forecasted period of 2020 to 2027.
Application market data of Curcumin industry:
- Cosmetics industry:
As mentioned above, Curcumin is highly used in cosmetics industries. By the year 2027, the cosmetics applications segment is expected to reach $7.9 million. The application of Curcumin in the cosmetics industry is increasing due to its anti-inflammatory, antioxidants and anti-ageing properties.
- Food industry:
People are being awarded organic and natural foods. That’s why they use of Curcumin in the food segment is also increasing day by day. The food application segment was about $21.4 million in the year 2019. But it is expected to be almost around $52 million by 2027. As mentioned in the report, the CAGR growth rate is expected to be 11.7% during forecasting.
Turmeric is the highest consumed spice throughout the world, not only in today’s era but also in 2000. Curcumin, being a part of turmeric, is being used extensively nowadays.
Insights of Curcumin Market Share:
Curcumin market is highly competitive due to its applicability in cosmetics and nutraceutical industries. This is extracted from ginger and turmeric, so the Curcumin Extraction Unit should remain close to the plantation area.
India is a significant turmeric producer globally, contributing almost 78% of the total turmeric production globally. That’s why foreign industries also want to set up their production plants of Curcumin in India.
Favourable Government policies will help in strengthening the market of India by providing platforms to investors.
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Regional Insights of Curcumin Market Share:
The Asia Pacific is the region that is expected to experience the highest market growth of 13.4% during the forecasting period of Curcumin production and application market.
Conclusion:
NPCS has produced reports on the detailed market scenario of Curcumin which will help you gain in-depth knowledge about all these above-mentioned facts. All the data that are given above are taken from different reports that are published by verified authorities.
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