The study by Fortune Business Insights on heat exchangersmarket is titled, “CurcuminMarket Size, Share & Industry Analysis, By Form (Powder, Liquid), ByNature (Organic, Conventional), By Application (Flavorant, Colorant,Antioxidant, Brain health, Anti-inflammation, Heart Health), By End-use (FoodApplications, Cosmetics and Personal Care, Pharmaceuticals, Others) andRegional Forecast, 2019-2026.”
A free-flowing curcumin extract called CurcuFlow waslaunched in October 2018 by Applied Food Sciences Inc. This CurcuFlow wasdesigned for producers for achieving a stain-free and clean turmericproduction. Such innovations are projected to accelerate the growth rate of theglobal curcumin market, predicts Fortune Business Insights in their recentstudy. According to the report, the rapid switch from factory spices to naturaland organic supplements is a major factor boosting the global curcumin market.
Sabinsa Corporation,Biomax Life Sciences Limited
The report focusses on weaknesses and strengths of theglobal curcumin market with a competitive landscape that includes informationon some market vendors. Information presented in the report is gathered fromprimary and secondary research methods. The report also presents recent trendsand opportunities of the market helping players strive for the lion’s share inthe market.
The report segments the global curcumin market with respectto nature, form, application, end-use, and geography. With respect to form, themarket is projected to generate high revenue from the powder curcumin segmentowing to its ease of storage and longer shelf life property as compared to itsliquid form.
Medicinal Property ofCurcumin to Attract High Revenue from Pharmaceutical Industry, Boosting Market
The global curcumin market is projected to witnessremarkable growth in the forecast duration owing to a number of factors.Firstly, curcumin or turmeric has numerous medicinal properties due to which itwitnessed high demand from the pharmaceutical industry. Secondly, curcumin isalso used in the cosmetic industry because of its strong anti-oxidant, andherbal properties that are considered beneficial for the skin. Thus, the beautyindustry highly recommends cosmetic products containing curcumin in itsingredients.
Thirdly, curcumin is mostly found in turmeric and is used inthe food and beverage industry as well in the form of spice. Thus, the rise indemand for turmeric from the food and beverage industry is boosting the globalcurcumin market growth and anticipated to continue doing so in the comingyears.
North America toRemain Dominant on Account of Increasing Demand from Food and Beverage Industry
The rise in demand for nutritional supplements of curcuminis projected to help North America emerge dominant in the global curcuminmarket in the past. Besides this, the surge in demand for curcumin from thepharmaceutical and cosmetics industry, especially from developed nations suchas Canada and the U.S. will help this region continue generating high revenue.In addition, the presence of major companies in this region is also anticipatedto help this region dominate the market in the future as well.
Companies operating in the global curcumin market areemphasizing on the launch of products in various sectors such as food andbeverage, cosmetics, and pharmaceutical industry in order to enhance the demandand production of curcumin in the market.
Source: https://www.fortunebusinessinsights.com/industry-reports/curcumin-market-101453
