Ocean View, Delaware, Oct. 19, 2016 (GLOBE NEWSWIRE) -- Curcumin Market size is expected to reach USD 99.3 million by 2024; according to a new research report by Global Market Insights, Inc.
Strong application scope in pharmaceutical and cosmetics owing to the presence of anti-oxidation, anti-cancer and anti-inflammatory properties should drive global curcumin market growth. Growing consumer awareness pertaining to benefits from ayurvedic skin care and herbal ingredients may fuel product demand. Cough cure, arthritis, biliary disorders, diabetic wounds, anorexia, sinusitis, tumors, hepatic disorders and rheumatism treatments are key buying properties.
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Europe curcumin market size, dominated by France, UK, Spain, Italy and Germany, expects over USD 25 million valuation by 2024. Rise in consumer spending on food and pharmaceutical accompanied by positive regulatory support are key factors stimulating regional demand. European Food Safety Authority (EFSA) approval to include curcumin in commercial products coupled with extensive R&D for cancer treatment are other lucrative factors.
Pharmaceutical applications accounted for over 52% in 2015 of the overall industry share due to rise in customer acknowledgement for curcumin for diseases treatment such gastric ailments and alzheimer, have favored product demand.
Shift in consumer preference for natural flavoring and colorant substances owing to its antioxidant property which can prevent food rancidity would fuel product demand in food applications. Over 78% of the global curcumin production is concentrated in India. Unstable turmeric prices due to in contingent environment hazards may result in unstable supply hence affecting curcumin market price trend.
Browse key industry insights spread across 150 pages with 107 market data tables & 9 figures & charts from the report, “Curcumin Market Size By Application (Food, Pharmaceutical, Cosmetics, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Poland, Russia, Vietnam, China, India, Japan, Australia, Malaysia, Indonesia, Thailand, South Korea, Brazil, Argentina, Mexico, South Africa, UAE, Saudi Arabia), Growth Potential, Price Trend, Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/curcumin-market
Key insights from the report include:
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Curcumin market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in tons & revenue in USD million from 2013 to 2024, for the following segments:
Curcumin market by application
The above information is provided on a regional and country basis for the following:
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.