Beauty is fueling the growth of the curcumin market, according to a report by Transparency Market Research.
The use of curcumin in medication and cosmetic products is inspired by Indian Ayurveda. The ingredient has excellent antioxidant and anti-inflammatory properties.
It also has anti-aging properties -- and the report states, "a growing attention toward personal aesthetic is propelling demand for effective cosmetic products and likely to propel the growth of the curcumin market."
Curcumin -- aka turmeric -- is found in beauty products, such as Kiehl's Turmeric & Cranberry Seed Energizing Radiance Mask, shown above.
This report by Transparency Market Research says the global curcumin market is estimated for the revenue of $282.2 million in 2018 -- and is expected to swell with a CAGR of 6.5% to attain revenue of $465.8 million over the forecast period from 2018 and 2026.
Based on the application, the antioxidant segment is assessed to account for 29.7% share in the overall curcumin market in the year 2018 and is expected to grab the share of 30.6% by the 2026-end expanding with a CAGR of 6.8% over the forecast period.
Based on region, the North American curcumin market is predictable to hold a significant revenue share of about 45.1% in the year 2018.
Some of the companies operating in the global curcumin market are Sabinsa Corporation, Biomax Life Sciences Limited, Synthite Industries Ltd., Hebei Tianxu Biotech Co., Ltd, and Herboveda India Pvt. Ltd. There is a high production of curcumin in India.
Photo: Kiehl's Turmeric & Cranberry Seed Energizing Radiance Mask