Chinese Curcumin Market to Keep on Growing through 2022, According to Reports by ASKCI Consulting Now Available at MarketPublishers.com03 Aug 2016 • by Natalie Aster
LONDON – Since European Food Safety Authority (EFSA) approved the curcumin daily intake standard (which is equal to 3 mg. per person), the sales of curcumin have witnessed sustained growth. Moreover, the global market for curcumin started to gain traction owing to rising understanding of the product importance in the food and medical industries.
Region-wise, North America and Europe remain absolute leaders in the global market for curcumin in terms of consumption and import volumes. Global curcumin market is poised to amount to USD 94.32 million in 2022, registering a considerable CAGR of 17% during the period from 2016 till 2022.
India and China are the leading suppliers of curcumin, with India holding the first position in terms of curcumin output volume. As of 2015, the output of the Chinese curcumin industry stood at 104 tonnes, and the market value was estimated at more than USD 28 million. The global curcumin market has a huge growth potential supported by the enhancing awareness on food health together with rising understanding of curcumin.
Novel comprehensive report “Development and Market of Curcumin in China 2016-2021” elaborated by ASKCI Consulting Co., Ltd provides a deep and comprehensive analysis of the Chinese curcumin market. The research study highlights imports and exports dynamics, outlines future possible trends of curcumin market development up till 2021, covers the market size and value, canvasses the opportunities of the Chinese market and reviews key players. The market dynamics, including market drivers, restraints, challenges and investment opportunities are thoroughly observed here, too.
Other in-demand reports by this publisher are available at ASKCI Consulting page.