Curcumin is that the main biologically active phytochemical compound of Turmeric. Molecular chemical formula of Curcumin: C21H20O6. The foremost important constituents in organic turmeric are Curcuminoids, which is approximately 6%, and therefore the yellow coloring principles of which Curcumin constitutes 50-60%. Curcumin is extracted and researched for its renowned range of health-related and disease-preventing medicinal properties. Purification from 95% to 100% Curcumin doesn't increase bioavailability of Curcumin but the manufacturing costs are substantially higher. Hence 95% purity is out there in markets.
It is called ‘Indian saffron’ due to its orange – yellow colour. In some languages, the names of turmeric just mean "yellow root"; English turmeric derives from the (now obsolete) French terre-mérite (Latin terra merita, "meritorious earth"), probably because ground turmeric resembles mineral pigments (ocher). The genus name Curcuma is of an equivalent origin, being a Latinization of Arabic kurkum meaning saffron. India is one in every of the most important manufacturers of Curcumin, contributing to more than 80.0% of the worldwide production, which is on account of presence of huge scale turmeric cultivations. Low consumer awareness of Curcumin as a healthy ingredient in India leads to majority of it being exported to North America and Europe.
India dominates the worldwide marketplace for spice oleoresin, which is in big demand from processed food and fragrance industries that now mostly prefer natural coloring and flavoring agents to artificial ones as consumers become increasingly health conscious. Rising consumer health consciousness concerning artificial ingredients presence in medicines, cosmetics and food are major factors influencing industry manufacturers to adopt organic ingredients in their production formulation. Presence of anti-inflammatory, anti-oxidation, and anti-cancer properties in medicines and cosmetics should drive Curcumin market growth.
Curcumin production is especially concentrated in India exceeding 78% of the worldwide output. Changeable turmeric prices because of unseasonal rainfall and environment hazards may impact Curcumin market value trend. Curcumin market size may observe significant growth owing to pharmaceutical and cosmetic industry expansion. APAC organic cosmetic spending was over USD 2.5 million in 2014 and is estimated to exceed USD 4 million by 2024 which should favor regional industry growth.
The production is mainly dominated by India, with over 78 percent of global output taking place in the country. India & China are the major supplier of Curcumin, The turnover of Curcumin could reach USD 94.32 million in 2022. India contributes 80% of world production and roughly 60% of export. Indian Curcumin market size accounted for over 81% of the overall Asia Pacific revenue most of these as a food coloring agent. Though Curcumin is currently used majorly as a cosmetic but the market may witness a growth of 10% over last year, majorly driven by its role as a dietary supplements (as immunity booster & anticancer drugs).
Few Indian major players are as under
Akay Flavours & Aromatics Pvt. Ltd.
Arjuna Natural Extracts Ltd.
Kancor Ingredients Ltd.
Omniactive Health Technologies Ltd
Sanat Products Ltd.
Vinayak Ingredients (India) Pvt. Ltd.
Enjayes Spices & Chemical Oils Ltd.
