Curcumin Industry Forecast
The newly released research at Market Study Report titled “2017-2024 Global Curcumin Market Report” provides data, information, brief analysis, company profiles, statistics for past years and forecasts for next few years.
Curcumin Market will exceed USD 100 million by 2024; according to a new research report.
Growing demand for sustainable cosmetic products will drive curcumin market growth. Increased product usage in treatment of several skin diseases owing to its prevention from ultraviolet (UV) radiation properties has enhanced product penetration. Offering antioxidants to skin that provides protection from harmful sunrays will increase demand in creams and lotions. For instance, every year around 5.4 million cases of the nonmelanoma skin cancer disease id treated in the U.S.
Changing income trends and increasing consumer spending on organic cosmetics has stimulated curcumin demand. Global cosmetics industry spending was over USD 290 billion in 2016. Skin conscious & well-informed customers are preferring personal care products that are free from the synthetic & harmful products and are manufactured from the herbal & ayurvedic products and do not harm skin.
Potential application in treatment of uterine, renal, prostate, pancreatic, ovarian, oral, lung, live, breast, brain and bladder cancers is projected to provide lucrative opportunity for the curcumin market growth. The product is used in combination with other agents to treat cancer and numerous other diseases. However, limited therapeutic potential owing to its limited bio availability may hamper the product demand in the forecast time.
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Cosmetics will be valued at over 5 million by 2024. The skin care industry is expected to benefit from consumer preference to avoid chemicals ingredients derived from synthetic sources. Emerging economies including India and China have seen a tremendous growth of such products in the past few years owing to growing awareness about the ill effects of synthetically derived products and rise in living standard.
North America curcumin market will grow over 11.5% up to 2024. The industry growth is mainly driven by rise in aging population and presence of several cosmetic international brands in the region. The product is a well-recognized ingredient for pharmaceuticals for its high quality medical and herbal properties in the region.
Asia Pacific market generated more than USD 5 million in 2016. Increased research & development activities owing to rising applications of curcumin in the treatment of cancer acts as a key driving factor for curcumin market growth in Europe. Additionally, manufacturers are mainly concentrated in India owing to the high content of the product in the Indian turmeric products.
Global industry is fragmented with presence of numerous international and local industry players. Some of major players include Synthite Industries, Biomax Lifesciences, and Hindustan Mint and Agro Products.
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Table of Content:
Chapter 1. Methodology & Scope
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Definitions & forecast parameters
1.2. Data sources
Chapter 2. Executive Summary
2.1. Curcumin industry 360 degree synopsis, 2013 -2024
2.1.1. Business trends
2.1.2. Aplication trends
2.1.3. Regional trends
Chapter 3. Curcumin Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 – 2024
3.3. Industry ecosystem analysi
3.3.1. Raw materials
3.3.4. Profit margin trend
3.3.5. Distribution channel analysis
3.3.6. Vendor matrix
3.4. Global turmeric market scenario
3.5. Industry impact forces
3.5.1. Growth drivers
188.8.131.52. Increasing application scope in cosmetic and pharmaceutical industr
184.108.40.206. Rise in consumer consciousness regarding health benefits of curcumin
220.127.116.11. Clinical utility of curcumin extract
18.104.22.168. Increasing product penetration in European Market
3.5.2. Industry pitfall & challenges
22.214.171.124. Uncertanity in raw material supply
3.6. Growth potential analysis
3.7. Pricing analysis
3.8. Regulatory landscape
3.9. Raw material trends
3.10. Porter’s analysis
3.11. Competitive landscape
3.11.1. Strategy dashboard
3.12. PESTEL analysis
Chapter 4. Curcumin Market, By Application
4.1. Global curcumin market share by application, 2016 & 2024
4.2.1. Market estimates and forecast, 2013 – 2024
4.2.2. Market estimates and forecast, by region, 2013-2024
4.3.1. Market estimates and forecast, 2013 – 2024
4.3.2. Market estimates and forecast, by region, 2013-2024
4.4.1. Market estimates and forecast, 2013 – 2024
4.4.2. Market estimates and forecast, by region, 2013-2024
4.5.1. Market estimates and forecast, 2013 – 2024
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