Curcumin is an ingredient of turmeric which is found in limited amounts in ginger. It is not water-soluble, but it is soluble in ethanol. It has excellent properties such as anti-inflammatory and anti-oxidation. It is extracted from turmeric and is widely used in pharmaceuticals, food and cosmetics industry for its anti-oxidation and anti-inflammatory properties.
Generally, curcumin can be divided into three applications: pharmaceutical, food and beverage and cosmetics. Among those applications, the purity of pharmaceutical grade is much higher than other two types, so is the price. Consumption of pharmaceutical grade accounts for the largest market share globally with 54.08% market share in 2015.
The production of curcumin mainly concentrates in India for the time being, which held 77.68% production share in 2015. Actually, India keeps extending the industry chain of turmeric. From turmeric plants to turmeric powder and curcumin, India has formed an integrated system. The country exports large amounts of turmeric related products to other countries per year. While, in China, limited by the supply of turmeric and technology, the country mainly produce curcumin for its own use with limited export. India is the industry pioneer of curcumin at the time.
Price fluctuations of curcumin have a very close relationship with turmeric. However, the harvest of turmeric is influenced by the weather obviously. Thus, price change of curcumin faces uncertainties each year. According to research, the price of curcumin is in the downward trend on the whole in the recent few years. With relatively sufficient supply of turmeric, it is estimated that price of curcumin will keep going down in the coming years, taking no account of extreme weather change in the turmeric growth regions.
The global Curcumin market was 130 million US$ in 2018 and is expected to 170 million US$ by the end of 2025, growing at a CAGR of 3.0% between 2019 and 2025.
This report studies the Curcumin market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Curcumin in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Star Hi Herbs
By the product type, the market is primarily split into
By the end users/application, this report covers the following segments
Food and Beverage
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