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Pune, India, May 26, 2022 (GLOBE NEWSWIRE) — The global curcumin market is expected to grow during the projected period due to the increasing awareness regarding health and wellbeing among the customers. Fortune Business Insights™ shares this information in a report titled, “Curcumin Market, 2022-2029”. As per the report, the curcumin market size was USD 73.41 million in 2021. The market size is expected to rise from USD 79.94 million in 2022 to USD 155.24 million by 2029 at a CAGR of 9.95% during the forecast period.
Curcumin is a bright yellow chemical that the curcuma longa species produce. This is also known as curcuminoid of turmeric, which belongs to a ginger family, Zingiberaceae. These are commonly sold as herbal supplements, cosmetic ingredients, food flavoring, and food colouring agents. Increasing awareness regarding healthy diets and changing dietary preferences of consumers is expected to drive the market during the projected period.
COVID-19 Impact:
Halted Manufacturing Operations amid COVID-19 Affected Market Growth
The spread of coronavirus has affected several industries globally. The demand for curcumin and immunity-boosting species were increased during the pandemic. Manufacturers had to hire an extra workforce to manage the production operations and ensure sufficient supplies. The government imposed strict restrictions to control the virus spread by imposing rules on import/export activities and managing the workforce to maintain social distancing norms. Furthermore, halted manufacturing units affected the production rate and created a lack of product supply in the market. These factors affected the curcumin market growth during the COVID-19 pandemic.
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https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/curcumin-market-101453
List of Key Players Profiled in Market Report for Curcumin:
- Wacker Chemie AG (Germany)
- Biomax Life Sciences Limited (India)
- Synthite Industries Ltd….
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