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Curcumin Market Analysis By Application (Pharmaceutical, Food, Cosmetics) And Segment Forecasts To 2022

Published: Jun, 2015 | Pages: 84 | Publisher: Grand View Research
Industry: Chemicals | Report Format: Electronic (PDF)

Curcumin Market By Application (Pharmaceutical, Food, Cosmetics and Others) Is Expected To Reach USD 94.3 Million By 2022.
June 2015
Global curcumin market is expected to reach USD 94.3 million by 2022. Therapeutic properties of curcumin such as anti-inflammatory and anti-oxidant make them ideally suited for use in food and medical application. The market is expected to witness significant growth in light of the growing consumer awareness regarding the above mentioned therapeutic properties. Increasing demand for herbal and ayurvedic skin care products is also expected to boost demand for curcumin over the forecast period. Curcumin or turmeric extracts are also gaining importance owing to the lower bioavailability of raw turmeric which is mostly consumed in food products.

Pharmaceutical was the largest application segment accounting for over 50% of the global volume owing to an increasing demand for curcumin based OTC supplements. Curcumin demand in food application also increased in 2014 in terms of absolute volumes on account of growing demand for natural coloring and flavoring substances. Similar trends are expected to continue over the forecast period. Growing penetration of herbal skin care products is expected to further augment curcumin market growth. R&D in dye-sensitized PV technology is expected to open new market avenues for curcumin. 

Further key findings from the study suggest:

North America was the largest regional market for curcumin with market revenue exceeding USD 20 million in 2014. Curcumin is an established ingredient for pharmaceutical application in the region which is expected to act as a major driver for market growth. In addition, growing use of turmeric extract or curcumin in cosmetic formulation is expected to further augment market demand over the forecast period.
Curcumin production is highly dependent on turmeric production which is regional dominated by India. India is the largest manufacturer of curcumin with production exceeding 80% of global market. Low consumer awareness of curcumin as a health ingredient in India results in the country exporting majority of its product to North America and Europe.
Europe is expected to be the fastest growing regional market for curcumin with demand estimated to grow at a CAGR of over 17% from 2015 to 2022. Regulatory support coupled with growing consumer awareness is expected to be a key factor responsible for high market growth in the region. European Food Safety Association (EFSA) has approved ADI of 3 mg/kg of body weight for curcumin making it a preferred pharmaceutical ingredient in turn resulting in increased market demand.
Key players present in the global curcumin market include Arjuna Natural Extracts Ltd, Synthite Industries Ltd, Sabinsa Corporation and Helmigs Prima Sejahtera PT. Arjuna Natural Extract ltd has a patent for curcumin formulation from turmeric which signified the extensive R&D in the market.
For the purpose of this study, Grand View Research has segmented the global curcumin market on the basis of product and region:

Global Curcumin Application Outlook (Volume, Tons; Revenue, USD Million, 2012 - 2022)

Pharmaceuticals
Food
Cosmetic
Others
Global Curcumin Regional Outlook (Volume, Tons; Revenue, USD Million, 2012 - 2022)

North America
U.S.
Europe
Germany
Denmark
Asia Pacific
Japan
India
Indonesia
RoW
 Table of Contents
Chapter 1. Methodology and Scope 1.1. Research Methodology 1.2. Research Scope & Assumptions 1.3. List of Data Sources Chapter 2. Executive Summary 2.1. Curcumin market - Industry summary and key buying criteria, 2012 - 2022 Chapter 3. Curcumin Industry Outlook 3.1. Curcumin market segmentation 3.2. Curcumin market size and growth prospects, 2012 - 2022 3.3. Curcumin market - Value chain analysis 3.3.1. Vendor landscape 3.4. Raw material outlook 3.5. Technology overview 3.6. Regulatory framework 3.7. Turmeric production outlook 3.8. Curcumin market dynamics 3.8.1. Market driver analysis 3.8.1.1. Growing demand for OTC curcumin supplements 3.8.1.2. Growing demand for ayurvedic/herbal skin care products 3.8.2. Market restraint analysis 3.8.2.1. Uncertainty in raw material (turmeric) supply 3.9. Key market opportunities - Prioritized 3.10. Industry analysis - Porter's 3.11. Curcumin market PESTEL analysis, 2014 Chapter 4. Curcumin Application Outlook 4.1. Global curcumin market share by application, 2014 & 2022 4.2. Pharmaceutical 4.2.1. Global curcumin market estimates and forecast for pharmaceutical, 2012 - 2022 4.3. Food 4.3.1. Global curcumin market estimates and forecast for food, 2012 - 2022 4.4. Cosmetics 4.4.1. Global curcumin market estimates and forecast for cosmetics, 2012 - 2022 4.5. Others 4.5.1. Global curcumin market estimates and forecast for other applications, 2012 - 2022 Chapter 5. Curcumin Regional Outlook 5.1. Global curcumin market share by region, 2014 & 2022 5.2. North America 5.2.1. North America curcumin market estimates and forecast, 2012 - 2022 5.2.2. North America curcumin market estimates and forecast by applications, 2012 - 2022 5.2.3. U.S. 5.2.3.1. U.S. curcumin market estimates and forecast by applications, 2012 - 2022 5.3. Europe 5.3.1. Europe curcumin market estimates and forecast, 2012 - 2022 5.3.2. Europe curcumin market estimates and forecast by applications, 2012 - 2022 5.3.3. Denmark 5.3.3.1. Denmark curcumin market estimates and forecast by applications, 2012 - 2022 5.3.4. Germany 5.3.4.1. Germany curcumin market estimates and forecast by applications, 2012 - 2022 5.4. Asia Pacific 5.4.1. Asia Pacific curcumin market estimates and forecast, 2012 - 2022 5.4.2. Asia Pacific curcumin market estimates and forecast by applications, 2012 - 2022 5.4.3. India 5.4.3.1. India curcumin market estimates and forecast by applications, 2012 - 2022 5.4.4. Japan 5.4.4.1. Japan curcumin market estimates and forecast by applications, 2012 - 2022 5.4.5. Indonesia 5.4.5.1. Indonesia curcumin market estimates and forecast by applications, 2012 - 2022 5.5. RoW 5.5.1. RoW curcumin market estimates and forecast by applications, 2012 - 2022 Chapter 6. Competitive Landscape 6.1. Biomax Life Sciences Ltd. 6.1.1. Company Overview 6.1.2. Financial Performance 6.1.3. Product Benchmarking 6.1.4. Strategic Initiatives 6.2. Synthite Industries Ltd. 6.2.1. Company Overview 6.2.2. Financial Performance 6.2.3. Product Benchmarking 6.2.4. Strategic Initiatives 6.3. Hindustan Mint & Agro Products Pvt. Ltd. 6.3.1. Company Overview 6.3.2. Financial Performance 6.3.3. Product Benchmarking 6.3.4. Strategic Initiatives 6.4. Arjuna Natural Extracts Ltd. 6.4.1. Company Overview 6.4.2. Financial Performance 6.4.3. Product Benchmarking 6.4.4. Strategic Initiatives 6.5. SV Agrofood 6.5.1. Company Overview 6.5.2. Financial Performance 6.5.3. Product Benchmarking 6.5.4. Strategic Initiatives 6.6. Star Hi Herbs Pvt. Ltd. 6.6.1. Company Overview 6.6.2. Financial Performance 6.6.3. Product Benchmarking 6.6.4. Strategic Initiatives 6.7. Herboveda India Pvt. Ltd. 6.7.1. Company Overview 6.7.2. Financial Performance 6.7.3. Product Benchmarking 6.7.4. Strategic Initiatives 6.8. Helmigs Prima Sejahtera PT. 6.8.1. Company Overview 6.8.2. Financial Performance 6.8.3. Product Benchmarking 6.8.4. Strategic Initiatives 6.9. Hebei Food Additive Co. Ltd. 6.9.1. Company Overview 6.9.2. Financial Performance 6.9.3. Product Benchmarking 6.9.4. Strategic Initiatives 6.10. Tri Rahardja PT 6.10.1. Company Overview 6.10.2. Financial Performance 6.10.3. Product Benchmarking 6.10.4. Strategic Initiatives 6.11. Konark Herbals & Health Care 6.11.1. Company Overview 6.11.2. Financial Performance 6.11.3. Product Benchmarking 6.11.4. Strategic Initiatives 6.12. Rosun Natural Products Pvt. Ltd. 6.12.1. Company Overview 6.12.2. Financial Performance 6.12.3. Product Benchmarking 6.12.4. Strategic Initiatives 6.13. Sabinsa Corporation 6.13.1. Company Overview 6.13.2. Financial Performance 6.13.3. Product Benchmarking 6.13.4. Strategic Initiatives List of Tables
1. Curcumin - Industry summary & key buying criteria 2. Curcumin - Key market driver analysis 3. Curcumin - Key market restraint analysis 4. Global curcumin market estimates and forecast by application, 2012 - 2022 (Tons) (USD Million) 5. Global curcumin market estimates and forecast in pharmaceutical, 2012 - 2022 (Tons) (USD Million) 6. Global curcumin market estimates and forecast in pharmaceutical, by region, 2012 - 2022 (Tons) 7. Global curcumin market estimates and forecast in pharmaceutical, by region, 2012 - 2022 (USD Million) 8. Global curcumin market estimates and forecast in food, 2012 - 2022 (Tons) (USD Million) 9. Global curcumin market estimates and forecast in food, by region, 2012 - 2022 (Tons) 10. Global curcumin market estimates and forecast in food, by region, 2012 - 2022 (USD Million) 11. Global curcumin market estimates and forecast in cosmetics, 2012 - 2022 (Tons) (USD Million) 12. Global curcumin market estimates and forecast in cosmetics, by region, 2012 - 2022 (Tons) 13. Global curcumin market estimates and forecast in cosmetics, by region, 2012 - 2022 (USD Million) 14. Global curcumin market estimates and forecast in other applications, 2012 - 2022 (Tons) (USD Million) 15. Global curcumin market estimates and forecast in other applications, by region, 2012 - 2022 (Tons) 16. Global curcumin market estimates and forecast in other applications, by region, 2012 - 2022 (USD Million) 17. Global curcumin market estimates and forecast by region, 2012 - 2022 (Tons) (USD Million) 18. North America curcumin market estimates and forecast, 2012 - 2022 (Tons) (USD Million) 19. North America curcumin market revenue estimates and forecast by application, 2012 - 2022 (Tons) 20. North America curcumin market revenue estimates and forecast by application, 2012 - 2022 (USD Million) 21. U.S. curcumin market estimates and forecast, 2012 - 2022 (Tons) (USD Million) 22. U.S. curcumin market revenue estimates and forecast by application, 2012 - 2022 (Tons) 23. U.S. curcumin market revenue estimates and forecast by application, 2012 - 2022 (USD Million) 24. Europe curcumin market estimates and forecast, 2012 - 2022 (Tons) (USD Million) 25. Europe curcumin market revenue estimates and forecast by application, 2012 - 2022 (Tons) 26. Europe curcumin market revenue estimates and forecast by application, 2012 - 2022 (USD Million) 27. Denmark curcumin market estimates and forecast, 2012 - 2022 (Tons) (USD Million) 28. Denmark curcumin market revenue estimates and forecast by application, 2012 - 2022 (Tons) 29. Denmark curcumin market revenue estimates and forecast by application, 2012 - 2022 (USD Million) 30. Germany curcumin market estimates and forecast, 2012 - 2022 (Tons) (USD Million) 31. Germany curcumin market revenue estimates and forecast by application, 2012 - 2022 (Tons) 32. Germany curcumin market revenue estimates and forecast by application, 2012 - 2022 (USD Million) 33. Asia Pacific curcumin market estimates and forecast, 2012 - 2022 (Tons) (USD Million) 34. Asia Pacific curcumin market revenue estimates and forecast by application, 2012 - 2022 (Tons) 35. Asia Pacific curcumin market revenue estimates and forecast by application, 2012 - 2022 (USD Million) 36. India curcumin market estimates and forecast, 2012 - 2022 (Tons) (USD Million) 37. India curcumin market revenue estimates and forecast by application, 2012 - 2022 (Tons) 38. India curcumin market revenue estimates and forecast by application, 2012 - 2022 (USD Million) 39. Japan curcumin market estimates and forecast, 2012 - 2022 (Tons) (USD Million) 40. Japan curcumin market revenue estimates and forecast by application, 2012 - 2022 (Tons) 41. Japan curcumin market revenue estimates and forecast by application, 2012 - 2022 (USD Million) 42. Indonesia curcumin market estimates and forecast, 2012 - 2022 (Tons) (USD Million) 43. Indonesia curcumin market revenue estimates and forecast by application, 2012 - 2022 (Tons) 44. Indonesia curcumin market revenue estimates and forecast by application, 2012 - 2022 (USD Million) 45. RoW curcumin market estimates and forecast, 2012 - 2022 (Tons) (USD Million) 46. RoW curcumin market revenue estimates and forecast by application, 2012 - 2022 (Tons) 47. RoW curcumin market revenue estimates and forecast by application, 2012 - 2022 (USD Million) List of Figures 1. Curcumin market segmentation 2. Global curcumin market estimates and forecast, 2012 - 2022 (Tons) (USD Million) 3. Curcumin - Value chain analysis 4. Curcumin - Market dynamics 5. Key opportunities prioritized 6. Industry analysis - Porter's 7. Curcumin PESTEL analysis, 2014 8. Global curcumin market revenue share by application, 2014 & 2022 9. Global curcumin market estimates and forecast in pharmaceutical, 2012 - 2022 (Tons) (USD Million) 10. Global curcumin market estimates and forecast in food, 2012 - 2022 (Tons) (USD Million) 11. Global curcumin market estimates and forecast in cosmetics, 2012 - 2022 (Tons) (USD Million) 12. Global curcumin market estimates and forecast in other applications, 2012 - 2022 (Tons) (USD Million) 13. Global curcumin market revenue share by region, 2014 & 2022 14. North America curcumin market estimates and forecast, 2012 - 2022 (Tons) (USD Million) 15. U.S. curcumin market estimates and forecast, 2012 - 2022 (Tons) (USD Million) 16. Europe curcumin market estimates and forecast, 2012 - 2022 (Tons) (USD Million) 17. Asia Pacific curcumin market estimates and forecast, 2012 - 2022 (Tons) (USD Million) 18. Denmark curcumin market estimates and forecast, 2012 - 2022 (Tons) (USD Million) 19. Germany curcumin market estimates and forecast, 2012 - 2022 (Tons) (USD Million) 20. India curcumin market estimates and forecast, 2012 - 2022 (Tons) (USD Million) 21. Japan curcumin market estimates and forecast, 2012 - 2022 (Tons) (USD Million) 22. Indonesia curcumin market estimates and forecast, 2012 - 2022 (Tons) (USD Million) 23. RoW curcumin market estimates and forecast, 2012 - 2022 (Tons) (USD Million)

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