22nd
May 2019 – Curcumin is a bright yellow chemical produced
by turmeric plants. Curcumin, a substance in turmeric, could facilitate to
bring down inflammation. Many studies propose that it would ease symptoms of
arthritis and rheumatism, like pain and inflammation. Some other compounds in
turmeric may also be curative.
Turmeric is derived from Curcuma longa plant and on an account of its
therapeutic properties, it is widely used as an active ingredient in food and
medicinal products. “An increasing demand for natural coloring agents, along
with added anti-inflammatory and antioxidant properties, is gaining a strong
popularity among herbal skin care and ayurvedic cosmetic products.”
The global curcumin market is estimated to gain
huge traction in the forthcoming years.
The demand for curcumin is projected to be driven by its increasing use
in pharmaceutical products for treating arthritis and osteoarthritis. Low
consumer awareness of curcumin’s health benefits in North America is hampering
the market growth. The growing spending on improvised cultivation programs is
boosting botanical raw material production, along with the coexisting offerings
of modern-day science and marketing is opening opportunities for entrants who
are striving to capitalize in this market.
The market presents a detailed depiction of the application segment which
comprises of pharmaceutical, cosmetics, food & beverage and others. Market
has been categorized based on the key regions as North America, Europe,
Asia-Pacific, Latin America, and Middle East & Africa. Asia Pacific is the
largest curcumin market as it holds the largest share in curcumin production
and is attributed as a top-ranking herbal supplement manufacturer and
distributer in the global market. A major part of raw turmeric production is
undertaken in India and is primarily traded across Europe and North America.
The curcumin market offers a multitude of challenges for the industry
participants and the gaining decisive understanding of these challenges have
impelled the players to pander strategic merger & acquisition activities
with their fellow contenders. Some of the prominent players dominating the
curcumin machine market include Wacker Chemie AG, Synthite Industries Ltd.,
BioMax Life Sciences Ltd., Arjuna Natural Extracts Ltd., Hindustan Mint &
Agro Products Pvt. Ltd., Star Hi Herbs Pvt. Ltd., SV Agrofood, Helmigs Prima
Sejahtera P.T., Tri Rahardja PT/Javaplant, Herboveda India Pvt. Ltd., Konark
Herbals & Health Care, Sabinsa Corporation, and Rosun Natural Products Pvt.
Ltd. Among others.
An increasing assessment from financial organizations, government, and
other regulatory bodies is influencing the effective research methodology and
an in-depth exploration of business strategies to be adopted by the prominent
market players. Stakeholders and investors are increasing their spending on research
and development activities to scale the latest technologies in their system
engineering process. The industry players are constantly striving to capitalize
on the increasing demand for electric motors by incorporating strategic merger
& acquisition (MA), joint ventures, collaboration and partnerships with
fellow market participants.
An increase in the penetration of synthetic curcumin versions into the
supply chain has compelled the FDI to scrutinize the proof of safety, for
curcumin products to be legally sold in the global market. The level of
radioactivity or assimilated carbon dioxide is used to distinguish
plant-derived extract from the adulterated equivalents. Increasing investment
in lab testing has been endeavored by the shareholders to enable accurate
measurement of relative ratios of each of the constituents.
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