Pune, 15, Dec, 2022: The report published by Maximize Market Research on the Curcumin Market covers an extensive regional analysis and competitive landscape. Over the forecast period, Maximize Market Research expects the market to grow from US$63.86 billion in 2021 to US$179.63 billion in 2029, at a CAGR of 13.8%.
Curcumin Market Scope and Research Methodology
An in-depth analysis of the global market for automotive batteries is provided in the report. The report’s forecast for the size of the US market for automotive batteries is based on the years 2022–2029. The paper provides a complete analysis of industry trends in the worldwide automotive battery market with predictions for both the present and the future. The report covers the key market trends, growth prospects, challenges, and bottlenecks and provides an impact study for the expected time period. Because of the qualitative data, the article focuses on market dynamics, trends, and innovations. Porter’s five forces analysis assists in examining the market’s potential for suppliers and customers as well as its competitive environment in order to design a strategy. Additionally, thorough research of the worldwide curcumin market contains market growth promoters and deterrents. The study provides a curcumin market outlook for 2021 and a curcumin market forecast from 2022 to 2029 for each sector, region, and nation.
Primary and secondary sources were used to collect data. Estimates of the market size and different segment sizes were confirmed using a bottom-up methodology. The primary methods comprised questionnaire distribution, surveys, and phone interviews with subject matter experts, business owners, and marketers. Secondary data was painstakingly collected from a well-chosen set of sources to ensure the inferences were as reliable as possible. This includes paid databases, the websites of many organisations and the government, trade journals, white papers, annual reports, and product announcements from manufacturers and suppliers in the industry.
SWOT analysis was conducted to identify the strengths and weaknesses of the curcumin market, while PESTLE was employed to understand the potential impact of the micro-economic factors affecting the curcumin market.
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Curcumin Market Overview
Curcumin is a bright yellow-colored, naturally occurring bioactive chemical compound derived commercially from the turmeric plant’s dried rhizome. It is rich in zinc, magnesium, calcium, iron, and potassium and has anti-inflammatory, antioxidant, antifungal, and antibacterial properties. Jaundice, haemorrhage, and hematuria are just a few of the ailments it is used to treat. Curcumin also helps to reduce weariness, exhaustion, and liver inflammation. It’s also utilised as a yellow food colouring and an addition to a variety of foods. As a result, it is frequently employed in the creation of nutraceutical products as well as foods and beverages.
Curcumin Market Dynamics
The pharmacological application of curcumin is mostly based on its conventional medicinal use. It is hydrophobic and lipophilic. The use of various nanoparticles, including dendrimers, polymeric nanoparticles, and nanogels, as delivery systems for curcumin in the treatment of cancer and a number of neurological diseases is also being researched. The capacity to prevent diseases like Alzheimer’s, heart disease, and cancer is just one of its many demonstrated significant health benefits. The global market for curcumin is growing as a result of these causes.
The product’s rising medical value and greater consumer awareness of its health benefits are expected to increase demand in other parts of the world. A change in consumer preferences and greater knowledge of the advantages of using natural and organic ingredients in food, cosmetics, and medicinal applications are expected to raise demand for the products during the forecast period.
Curcumin Market Regional Insights
North America accounted for the largest curcumin market share of 39% in 2021 and is expected to grow at a CAGR of 12.9% during the forecast period. The region’s growth is linked to the rise in product demand in the food, dietary supplement, and pharmaceutical industries. The demand for the product is expected to increase over the forecast period as a result of several high-end cosmetic manufacturers with headquarters in North America choosing curcumin over other components in their products.
With a CAGR of 11.83% throughout the course of the forecast period, the Asia-Pacific region is expected to experience significant growth. Market growth in the area is driven by rising consumer product awareness. The forecast period is expected to see substantial growth in the Europe region, with a CAGR of 13.2%. Leading consumers and producers in Western European nations, including Italy, Germany, and Spain, as well as the region’s well-established personal care and cosmetics industries, are fueling the growth of the curcumin market.
Curcumin Market Segmentation
Curcumin Market Key Manufacturers:
- 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.
- The Synergy Company
- Vitamaze GmbH
- BioThrive Sciences
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Key questions answered in the Curcumin Market are:
- What is Curcumin?
- What is the growth rate of Curcumin Market for the forecast period?
- What is the nature of competition in Curcumin industry in developed and developing economies?
- Who are the key players in the Curcumin Market?
- Who are the market leaders in Curcumin in Europe
- Who are the market leaders in Curcumin in USA and Canada
- Who are the market leaders in Curcumin in India, China, Japan and South Korea?
- What are the factors affecting growth in the Curcumin Market?
- Who held the largest market share in Curcumin Market?
- What are the factors for the growth of Asia-Pacific region in Curcumin Market?
- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Application and region.
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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