SAN FRANCISCO, June 22, 2015 /PRNewswire/ --
Global curcumin market is expected to reach USD 94.3 million by 2022, according to a new study by Grand View Research, Inc. Therapeutic properties of curcumin such as anti-inflammatory and anti-oxidant make them ideally suited for use in food and medical application. The market is expected to witness significant growth in light of the growing consumer awareness regarding the above mentioned therapeutic properties. Increasing demand for herbal and ayurvedic skin care products is also expected to boost demand for curcumin over the forecast period. Curcumin or turmeric extracts are also gaining importance owing to the lower bioavailability of raw turmeric which is mostly consumed in food products.
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For more information, tables and figures, visit - http://www.grandviewresearch.com/industry-analysis/turmeric-extract-curcumin-market
Pharmaceutical was the largest application segment accounting for over 50% of the global volume owing to an increasing demand for curcumin based OTC supplements. Curcumin demand in food application also increased in 2014 in terms of absolute volumes on account of growing demand for natural coloring and flavoring substances. Similar trends are expected to continue over the forecast period. Growing penetration of herbal skin care products is expected to further augment curcumin market growth. R&D in dye-sensitized PV technology is expected to open new market avenues for curcumin.
Further key findings from the study suggest:
Browse All Reports of This Category by Grand View Research @ http://www.grandviewresearch.com/industry/food-additives-nutricosmetics-flavors-and-fragrances
For the purpose of this study, Grand View Research has segmented the global curcumin market on the basis of product and region:
Global Curcumin Application Outlook (Volume, Tons; Revenue, USD Million, 2012 - 2022)
Global Curcumin Regional Outlook (Volume, Tons; Revenue, USD Million, 2012 - 2022)
About Grand View Research
Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies, ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights.
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