Global Organic Curcumin Market – Overview
Growing trend of inclination towards organic products among the health conscious population is driving the market for organic curcumin. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on Global Organic Curcumin Market Research Report- Forecast to 2022 that the market will demonstrate an exceptional CAGR during the forecast period.
Curcumin is the active ingredient of turmeric which is also found in limited amounts in ginger. Curcumin is a yellow colored fat soluble polyphenolic pigment which is derived from curcuminoids and is also referred to as turmeric extract. Organic curcumin is naturally made from extracts and contains no chemicals, which is one of the reasons people prefer this product. Curcumin can be used in the treatment of arthritis, Alzheimer’s, gastric ailments, viral infections, and tumors.
Organic curcumin is applicable in food and beverages, pharmaceuticals, personal care products and others which is boosting the growth of the organic curcumin market. Shifting consumer preference towards food products employing natural food coloring substances is expected to increase demand for curcumin in food application.
Rising demand for curcumin-based nutritional supplements on account of increasing consumer awareness regarding its anti-cancer properties is anticipated to considerably expand the market over the forecast period. Organic curcumin is also gaining popularity as an ingredient in herbal skin care and cosmetic products. Moreover, growing demand for Ayurveda skin care products is projected to expand the global curcumin market. Furthermore, research and development activities suggest application of curcumin in dye-sensitized PV technologies and therefore expected to open new market avenues for the product in the near future.
Latest Industry Updates
Dec 2017 ZYN, a new Milwaukee-born beverage harnesses the power of curcumin. ZYN comes in four flavors and each contains at least 200 mg of bio-available curcumin.
Dec 2017 Aloe Vera water brand Aloe Gloe launched a new low-calorie sparkling sub-line formulated with functional ingredients, including aloe, ginger and turmeric. Zero-calorie sparkling water is infused with a proprietary blend of curcumin, the active ingredient in turmeric.
Feb 2017 Anlit Ltd., part of the Maabarot Products Ltd., launched vegetarian curcumin gummies for consumers seeking curcumin supplement alternatives. The turmeric gummy is an easy and fun way to consume a beneficial curcumin dosage, without the need to swallow tablets or capsules.
Jan 2017 ARYA launched a full line of Curcumin- infused sparkling water while partnering with Incubator L.A. Libations.
Global Organic Curcumin Market - Competitive Analysis
With the entry of industry players in the Organic Curcumin segment, a trend of solid, volume-driven growth has been observed in the market with the development of different varieties of product types. With companies aiming to capture a considerable share of the market segment as early as possible, they are competing and experimenting with various advantage points. Key players of curcumin are largely concentrated in India on account of proximity to raw material suppliers and relatively high content of curcumin in Indian turmeric varieties. New product launch is the key to success for organic curcumin market. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies.
The key players profiled in Organic Curcumin are as Arjuna Natural Extracts Ltd (India), Helmigs Prima Sejahtera (Indonesia), Biomax Life Sciences Limited (India), Curcumex BV (Netherlands), Yangling Cuijian Bioengineering Technology Co., Ltd. (China), Synthite Industries Ltd. (India), Herboveda (India)
Global Organic Curcumin Market – Segments
The global Organic Curcumin market has been divided into form, application, and region.
On The Basis of Form: Powder, paste and others
On The Basis of Packaging material: Food and beverages, pharmaceuticals, personal care and others
On The Basis of Region: North America, Europe, Asia Pacific and ROW.
Global Organic Curcumin Market - Regional Analysis
The global Organic Curcumin market is segmented into North America, Europe, APAC, and Rest of the World (RoW). Asia Pacific region accounts for the major market since it’s the source region and exports to other regions. Growing food and beverages industry coupled with the increasing demand for pharmaceuticals and personal care products drives the growth of the market.
North America is anticipated to gain substantial growth over the estimated period followed by Europe. Increasing demand for organic curcumin in cosmetic formulations is projected to expand the North American market. Research and development activities suggesting application of curcumin for treatment of cancer is expected to be a major driver for market expansion in the European region.
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