Curcumin is a bright yellow chemical substance belonging to the group of a curcuminoid and is the major active compound of turmeric, and also found in limited amounts in ginger. It is loaded with anti-inflammatory and anti-oxidation properties which have gained tremendous attention from the nutraceutical industry and given birth to a blooming curcumin market. Due to its therapeutic properties, curcumin has found tremendous opportunities for applications in pharmaceutical, cosmetics, and personal care as well as F&B sectors. It is rich in mineral content constituting a good amount of zinc, magnesium, calcium, iron, and potassium, and also acts as powerful natural antioxidant with the presence of Vitamin-C.
As per the IndustryARC’s business intelligence report titled “Curcumin Market: By Application (Food and Beverages- Bakery & Confectionary, Beverages, Breakfast Cereals, Dairy Products, Dietary Supplements, Pharmaceuticals, Cosmetics) & By Geography (North America, Europe, Asia Pacific & Rest of the World) – Forecast (2018-2023),” the industry is poised for exponential growth owing to enhanced health awareness and increasing demand for natural and organic diet and supplements among consumers.
Browse 40 Market Tables, 175 Figures spread through 163 slides and an in-depth TOC on “Curcumin Market(2018 - 2023)”
Powerful Medicinal Properties Influencing Curcumin Uptake
- As per WHO, more than 300 million people of all age groups suffer from depression, which is the major cause of suicide and disability. Curcumin is a natural antidepressant and as effective as medicines in the cases of alleviating depression symptoms.
- Curcumin is a natural inflammatory compound that helps the body to fight natural invaders and also enhances the damage-repairing process. It is a powerful ingredient with all the medicinal traits to fight chronic inflammation—all this with no side effects. The compound also shows promise of support medication formulations of several chronic diseases such as cancer, heart disease, metabolic syndrome, Alzheimer and so on. Consequently, the pharmaceutical industry is expected to remain a key end user of the curcumin market.
- It has powerful antioxidants effects. Such potential determines it as an asset towards controlling mechanisms like anti-aging. The cosmetics industry is leveraging key traits of curcumin to formulate their products and gain ground over competitors.
- It enhances BNDF (brain-derived neurotrophic factor), which is a hormone linked towards improvisation of brain functionality and suppression of brain diseases.
WHO states that 17.9 million people die every year due to cardiovascular diseases (CVDs), which accounts for 31% of the global deaths. Moreover, depression and an unhealthy diet are the major causes recognized for CVDs by the organization. Thus, curcumin with impeccable medicinal qualities useful in a condition like depression and CVDs is forecast to stroke the market towards tremendous growth at a global stage. Pharmaceuticals applications account for more than half of the global revenue share of the curcumin market.
R&D Investments Positively Influencing Curcumin Market:
Innovations and technology are leading the way towards understanding the full potential of traditional herbs and its effects on health. Indian and Chinese markets with traditional Indian Ayurveda and traditional Chinese medicines have been utilizing curcumin from a very long time. North America is the leading market due to numerous ongoing R&D activities, reflecting the immaculate potential of curcumin in various sectors like F&B, personal care and cosmetics, pharmaceuticals and nutraceuticals industries. Global Curcumin Association depicted that research and scientific validation on the health benefits of curcumin has been a major influence in the popularity of this ingredient.
Some of the major companies mentioned in the IndustryARC’s report are Biomax Lifesciences Ltd. (India), Synthite Industries (India), Hebei Food Additive Co. Ltd. (China), Helmigs Prima Sejahtera PT (Indonesia) and others.
Rampant trend of a healthier lifestyle is leading to an influx of investments on natural products, such as curcumin. The chemical has proven its worth as antidepressant as well as usage in the pharmaceutical, cosmetics, and personal care industries. Thus, the urban population with increasing health awareness and deterring medical conditions are expected to propel the curcumin market in the near future.
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Flavonoids in Dietary Supplements Market: By form (Tablets, Extracts, Soft Gels, Capsules, Pills, Liquid, Powder); By Flavonoid Class (Curcumin, Quercetin, Resveratrol); By Application (Sports Nutrition Supplements, Medicinal Supplement, Others) & By Geography - forecast (2018-2023)
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