Top 10 Companies Operating in the Coleus and Turmeric Market
Added: (Wed Nov 08 2023)
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The global Coleus and Turmeric Market is on a trajectory for substantial growth, with projections indicating it will reach an impressive $6.9 billion by 2027. This expansion is anticipated to occur at a compound annual growth rate (CAGR) of 7.4% during the forecast period.
This significant growth in the Coleus and Turmeric Market can be attributed to several key factors: https://meticulousblog.org/top-10-companies-in-coleus-and-turmeric-market/
1. Surging Demand in the Sports Nutrition Industry: The increasing interest in coleus forskolin within the sports nutrition sector is a major driver of market growth. The natural properties of coleus forskolin make it a sought-after ingredient for fitness enthusiasts.
2. Rising Consumption of Weight Loss Supplements: The trend of consumers seeking weight loss solutions has bolstered the demand for products containing turmeric and coleus extracts, known for their potential health benefits in weight management.
3. Consumer Preference for Natural Products: A growing preference for natural and herbal products, driven by health-conscious consumers, is propelling the market forward. Turmeric and coleus extracts are valued for their natural and holistic properties.
4. Emerging Ayurveda Sector: The resurgence of interest in Ayurvedic medicine and traditional healing practices is fostering the market's expansion. Both turmeric and coleus have deep roots in Ayurveda, further enhancing their popularity.
Additionally, the Coleus and Turmeric Market is set to benefit from government initiatives promoting research and development in curcumin and other natural extracts, creating promising opportunities for manufacturers.
However, there are challenges on the horizon. Health concerns related to excessive consumption and the impacts of climate change are expected to slightly hinder market growth. It is imperative that industry stakeholders address these concerns while capitalizing on the burgeoning demand.
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Top 10 Leading Companies in the Coleus and Turmeric Market
1. Wacker Chemie AG: Wacker Chemie AG, a global chemical company, offers highly bioavailable curcumin powder, catering to the increasing demand for health-promoting ingredients.
2. Ambe Phytoextracts Pvt. Ltd.: Ambe Phytoextracts specializes in manufacturing herbal extracts, nutraceuticals, and healthcare products. Their facility is FSSC 22000, HACCP, GMP, KOSHER, HALAL, and ISO 9001:2015 certified.
3. OmniActive Health Technologies: OmniActive Health Technologies delivers premium natural ingredients for dietary supplementation. Their brands include Lutemax, Capsimax, CurcuWIN, and more.
4. Natural Remedies: Natural Remedies, established in 1950, offers standardized herbal extracts for both animal and human healthcare, with a presence across various regions.
5. Herbochem: Herbochem specializes in herbal extracts, plant extracts, and phytochemicals, supplying nutraceuticals, pharmaceuticals, health, and cosmetics industries.
6. Inventia Healthcare Ltd.: Inventia Healthcare develops and manufactures solid oral drug delivery systems, operating across Asia-Pacific, North America, Europe, and the Middle East and Africa.
7. Sabinsa Corporation: Sabinsa Corporation is a prominent manufacturer and supplier of herbal extracts, cosmeceuticals, minerals, and specialty chemicals, with a global reach.
8. Star Hi Herbs Pvt. Ltd.: Star Hi Herbs is involved in manufacturing and exporting standardized herbal extracts and health supplements, certified by ISO, Halal, Kosher, and Ayush GMP.
9. Arjuna Natural Pvt. Ltd.: Arjuna Natural specializes in manufacturing and exporting standardized botanical extracts for pharmaceutical and nutraceutical industries.
10. Plant Lipids Pvt. Ltd.: Plant Lipids produces natural essential oils, oleoresins, and spices for various applications, offering a wide range of products globally.
These companies are driving the industry's growth, and their offerings play a pivotal role in meeting the surging demand for coleus and turmeric-based products.
To Know Top Key Players Click Here @ https://meticulousblog.org/top-10-companies-in-coleus-and-turmeric-market/
For a more detailed analysis of these companies, their financial performance, key products, strategies, partnerships, and acquisitions, refer to Meticulous Research®'s authoritative report, "Global Opportunity Analysis and Industry Forecast (2020-2027) on the Coleus and Turmeric Market." This comprehensive report provides global market size estimates, market share analysis, revenue figures, and in-depth coverage of key industry trends and issues.
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