is a bright yellow chemical substance belonging to the group of curcuminoids and is the major active compound of turmeric, and also found in limited amounts in ginger. This nutritional ingredient has gained tremendous attention from the food and nutrition industry owing to its health benefits in the recent years. It is sold as an herbal ingredient for supplement manufacturers, cosmetics ingredient, food flavoring and food coloring agent. It is a potent anti-inflammatory and cancer preventive molecule. Its popularity is increasing in natural personal care space. The growing popularity of curcumin as a product with numerous medicinal properties is the main growth driver of this market. The curcumin market is set to grow at a CAGR of XX% and is projected to reach $XXm by 2021 from $XXm in 2015.
The curcumin market
is analyzed with respect to different parameters such as demand/ supply, end-users and providers of curcumin. This market is categorized by application. Its applications are in various sectors such as food & beverages including bakery & confectionary, beverages, breakfast cereals, dairy products and other applications such as dietary supplements, pharmaceuticals products and cosmetics.
The overall curcumin market is also presented from the perspective of different geographic regions and the key countries in each region. North America is the dominant market and continues to grow owing to the rise of nutritional products and dietary supplements offering specific health benefits. The major companies associated with the curcumin market are:
- Biomax Lifesciences Ltd. (India)
- Synthite Industries (India)
- Hebei Food Additive Co. Ltd. (China)
- Helmigs Prima Sejahtera PT (Indonesia).
Other key players in this market are:
- Arjuna Natural Extracts Ltd. (India)
- Herboveda India Pvt. Ltd. (India)
- Tri Rahardja PT (Indonesia).