Curcuma Oleoresin, derived from the Curcuma Longa plant, directly mirrors the price trends of its source. H1 2023 presented a varied landscape for Curcuma Oleoresin. Initially, heightened demand due to its immune-boosting properties led to increased turmeric cultivation. However, subsequent decreased demand resulted in price declines until mid-Q2. Unexpected rains damaged stored turmeric, affecting supply, and consequently, curcuma oleoresin price index surged. These fluctuations characterized market sentiments overall.

Definition

Curcuma Oleoresin is a natural extract derived from the Curcuma Longa plant, commonly known as turmeric. It is obtained through solvent extraction and contains the essential components of turmeric, including curcuminoids and volatile oils. Curcuma Oleoresin is known for its vibrant yellow color and is used in the food, pharmaceutical, and cosmetic industries for its flavor, color, and potential health benefits.

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Key Details About the Curcuma Oleoresin Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Curcuma Oleoresin in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.

The Curcuma Oleoresin Price chart, including India Curcuma Oleoresin price, USA Curcuma Oleoresin price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting the Curcuma Oleoresin Price Trend:

Curcuma oleoresin is a concentrated extract derived from the turmeric plant (Curcuma longa), well known for its vibrant color and bioactive compounds, particularly curcumin. It finds applications in various industries such as food and beverage, pharmaceuticals, cosmetics, and nutraceuticals. The price trend of curcuma oleoresin is influenced by several factors linked to these industrial uses. Here’s how these applications impact the pricing trends:

1. Food and Beverage Industry: This is one of the primary users of curcuma oleoresin. It is used as a natural food coloring agent and as a flavoring substance. The demand for natural ingredients over synthetic ones has been steadily increasing, influencing the demand for curcuma oleoresin. As more manufacturers opt for natural additives, the demand grows, potentially driving up prices, especially if supply constraints are present.
2. Pharmaceutical Industry: Curcumin, the active ingredient in curcuma oleoresin, has been the subject of various studies for its anti-inflammatory, antioxidant, and potential anticancer properties. As more health benefits are discovered and validated, pharmaceutical applications could increase, leading to higher demand and possibly higher prices for curcuma oleoresin, especially for highly purified forms used in medical contexts.
3. Cosmetic Industry: The antioxidant properties of curcuma oleoresin make it a valuable ingredient in skincare products. It's used in formulations for creams, lotions, and other topical products aimed at improving skin health and appearance. Increasing consumer interest in natural cosmetics can drive up the demand and price of curcuma oleoresin.
4. Nutraceuticals: Similar to pharmaceuticals, the use of curcuma oleoresin in dietary supplements has grown due to the increasing consumer focus on health and wellness. Supplements featuring turmeric or curcumin for their health benefits can influence the demand for curcuma oleoresin significantly.

Key Players:

Curcuma oleoresin is a natural extract derived from the turmeric plant (Curcuma longa), primarily used in the food, cosmetic, and pharmaceutical industries. This oleoresin is rich in curcumin, which imparts a vibrant color and has various health benefits. It is used as a colorant and for its anti-inflammatory, antioxidant, and antimicrobial properties.

Key players in the curcuma oleoresin market include both manufacturers and suppliers who focus on extraction technologies, distribution networks, and applications in various industries. Some of the prominent global and regional companies that might be involved in the production and supply of curcuma oleoresin are:

1. Synthite Industries - A major player based in India, Synthite is known for its wide range of spice oleoresins, including turmeric oleoresin, catering primarily to the food and cosmetic industries.
2. Universal Oleoresins - Also based in India, this company produces a variety of spice extracts and oleoresins, offering products globally.
3. Plant Lipids - Operating from India, Plant Lipids manufactures and exports spice extracts, essential oils, and oleoresins, with a strong focus on quality and sustainability.
4. Kancor Ingredients Limited - Part of the Mane group, Kancor is another leading provider of natural ingredient solutions including oleoresins, essential oils, and culinary platforms.
5. AVT Natural Products Ltd - A part of the AV Thomas Group, this company is involved in producing natural products like spice extracts, oleoresins, and natural food colors.
6. Akay Group - Known for its wide range of spice extracts, Akay Group operates globally, focusing on innovative solutions and sustainable practices.
7. BOS Natural Flavors (P) Limited - Specializing in spice extracts and essential oils, BOS Natural Flavors is another key player in the oleoresin market.
8. Vidya Herbs - This company is known for its botanical extracts and has a significant focus on research and development, which is essential for advancing the use of curcuma oleoresin in various applications.

These companies often emphasize on sustainable sourcing of raw materials, advanced extraction techniques, and expanding their product applications across different industries. The market dynamics are influenced by factors such as technological innovations, increasing consumer preference for natural products, and regulatory frameworks concerning the use of synthetic additives in food and cosmetic products.

To keep up with the latest developments and market players in the curcuma oleoresin industry, it's helpful to follow industry reports, trade publications, and updates from trade associations like the Essential Oil Association of India or the Flavor and Extract Manufacturers Association.

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