CURCUMIN INDUSTRY:

Curcumin is the main bioactive component of turmeric, and it has anti-inflammatory qualities as well as some evidence for conditions ranging from chronic pain to depression. Because of its low bioavailability, it requires specific formulations to be absorbed effectively. Curcumin-based supplements have a large market since they are widely available over the counter and are not regulated by the government. Curcumin is also becoming more popular as a component of cosmetic and herbal skin care products. As a result, the market is likely to be driven by rising demand for Ayurvedic and herbal skin care products.

CURCUMIN APPLICATIONS:

Curcumin is the main and most essential component of turmeric, which comes from the Curcuma longa L. plant. The effective concentration of curcumin was not able to enter the tissues through oral ingestion of turmeric in food due to poor stability, solubility, and biodegradability. However, recent advances in drug administration technologies have increased the creation of numerous curcumin nano-capsules. One of the main advances for its therapeutic translation in people and animals against many diseases is the development of biodegradable nano-curcumin. It has been utilised for a variety of diseases and as a supportive medicinal agent since ancient times. Curcumin is currently widely used as a treatment for cancer, neurological diseases, microbial infections, arthritis, and other inflammatory conditions. Hepatoprotective, immune-enhancer, cardiovascular, and gastrointestinal effects are among its properties.

ASIA-PACIFIC MARKET:

A greater emphasis on research and development to improve curcumin bioavailability is a major driver for curcumin in the Asia-Pacific region, with more laboratory studies to prove structure-function relationships and human clinical trials to establish efficacy and safety by specific applications (prevention and supportive treatment of digestive disorders, arthritis, malignancies, heart problems, etc.). Because of the product’s natural anti-oxidants, the pharmaceutical and cosmetic industries are expected to benefit significantly from the Chinese curcumin business. Curcumin market size in Japan is predicted to be fueled by high demand for turmeric-based organic dietary supplements and anti-cancer treatment. Increased consumer awareness of the benefits of natural components in food, cosmetics, and medications is projected to aid Asian market players in capitalising on potential curcumin opportunities. By far the world’s largest producer and exporter of turmeric is India. Turmeric accounts for around 6% of the total spice and condiment area in India.

GLOBAL MARKET OUTLOOK:

The global curcumin market is expected to grow at a CAGR of 12.7%. Product demand is expected to be boosted by its growing use in a variety of industries, including food, cosmetics, and pharmaceuticals. It has powerful anti-oxidant and anti-inflammatory qualities, making it a popular pain reliever for people with arthritis and osteoarthritis. Over the next eight years, rising consumer awareness, particularly in developed countries such as the United States, Germany, and Denmark, is expected to increase demand for curcumin. It comes from the Curcuma longa plant and is an active ingredient in turmeric. A growing demand for Ayurvedic medicinal formulations has been seen in a number of nations, and this trend is expected to help the curcumin market significantly.

TOP PLAYERS WORLDWIDE:

• Biomax Life Sciences Ltd.
• Synthite Industries Ltd.
• BioThrive Sciences
• Konark Herbals & Health Care
• Arjuna Natural Extracts Ltd.
• SV Agrofood
• Star Hi Herbs Pvt. Ltd
• NOW Foods
• Phyo life Sciences
• Herboveda India Pvt. Ltd.