Curcumin Market PPT: Growth, Outlook, Demand, Keyplayer Analysis and Opportunity 2023-28

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Global Curcumin Market Research Report:

The latest report by IMARC, titled “ Curcumin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” " finds that the global curcumin market size reached US$ 80.8 Million in 2022.

Curcumin is a naturally occurring bioactive compound extracted commercially from the dried rhizome of the turmeric plant. It is a yellow-colored compound rich in minerals such as zinc, magnesium, calcium, iron, and potassium. It possesses several medicinal properties, including anti-inflammatory, anti-oxidative, anti-fungal, and anti-bacterial effects.

It is commonly consumed for pain relief and treating medical conditions, including jaundice, hemorrhage, and haematuria. It effectively minimizes fatigue, exhaustion, and inflammation in the liver. At present, curcumin finds extensive applications in the manufacturing of nutraceutical products and across the food and beverages (F&B) industry as a yellow food colorant and additive in various food products.

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Global Curcumin Market Trends:

The widespread prevalence of chronic medical ailments, such as obesity, osteoarthritis, cardiovascular diseases, cancer, and diabetes, represents the primary factor driving the market growth. Moreover, the rising preference for natural and organic curcumin for various medical applications is positively influencing the market growth. Additionally, the increasing demand for curcumin, as it is effective in preventing ringworms, eye infections, leech bites, sore skin, bruising, and swelling on the skin, is propelling the market growth. Besides this, the surging adoption of curcumin in the production of ayurvedic and herbal supplements is another major growth-inducing factor. Along with this, the increasing consumption of dietary supplements and nutraceuticals has augmented the product demand. Furthermore, the shifting preferences of consumers toward vegetarian diets and herbs, such as turmeric-based food products, are contributing to market growth. In addition, the rising awareness about the negative effects of consuming animal food products and their related environmental implications has accelerated product adoption rates. Apart from this, the increasing use of curcumin in the pharmaceuticals and cosmetics industries to manufacture medicinal supplements and cosmetic formulations due to its antioxidant and anti-inflammatory properties has catalyzed market growth. Other factors, including rising health consciousness among consumers, rapid growth in the food and beverage (F&B) industry, and escalating demand for natural food ingredients, are also anticipated to drive the market further. Looking forward, IMARC Group expects the market value to reach US$ 126.8 Million by 2028, expanding at a CAGR of 7.3% during 2023-2028.

Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).

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Market Summary:

Breakup by Application:

• Food and Beverages

• Bakery and Confectionery

• Beverages

• Dairy Products

• Others

• Pharmaceuticals

• Cosmetics

• Others

Breakup by Region:

• North America

• United States

• Canada

• Asia Pacific

• China

• Japan

• India

• South Korea

• Australia

• Indonesia

• Others

• Europe

• Germany

• France

• United Kingdom

• Italy

• Spain

• Russia

• Others

• Latin America

• Brazil

• Mexico

• Others

• Middle East and Africa

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Competitive Landscape with Key Players:

• Arjuna Natural Pvt Ltd

• Biomax Life Sciences Limited.

• Helmigs Prima Sehejtera

• Herboveda India Pvt. Ltd.

• Hindustan Mint & Agro Products Pvt. Ltd.

• Konark Herbals & Healthcare

• Rosun Natural Products Pvt. Ltd.

• Sabinsa Corporation

• Star Hi Herbs Pvt. Ltd.

• SV Agrofood

• Synthite Industries Ltd.

• Wacker Chemie AG

View Full Report with TOC & List of Figure: https://www.imarcgroup.com/curcumin-market

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