Published Date : 05 Nov 19 | Views: 207 | Industry : Chemical & Material
Capsaicin in medicated creams to witness a surge
includes comprehensive segmental analysis of key applications of Capsaicin,
viz. medicine, cosmetics, and other. Capsaicin is extensively used in medicated
lotions and creams to ease muscle or joint pain. Capsaicin has also been proved
beneficial in treating cardiovascular and gastrointestinal conditions,
neurogenic bladder, obesity, cancers, and dermatologic conditions. Based on the
product, the global Capsaicin market is bifurcated into 95% Purity and others. The
report offers detailed analysis of all the product types.
from the pharmaceutical sector to drive the Capsaicin market in North
High demand for Capsaicin
in the pharmaceutical industry due to its various medicinal properties is
influencing the market growth in North America. Red peppers or chili is known
to be cultivated in South America, which is impacting the Capsaicin market
growth in the region. Usage of Capsaicin to spice up cuisines is also
increasing in Mexico and South America. Asia Pacific is expected to witness
significant growth in the near future owing to large-scale chili consumption as
a spice in India and China.
emphasise on growth strategies in the near future
Some of the key
players operating in the global Capsaicin market are Paparika Oleo’s, Tianjin
Shennong, Bayer, Alchem, Yunnan Honglv, Great Forest Biomedical, Chenguang
Biotech Group, AOS Products, DowDuPont, Alps Pharmaceutica, Henan Bis, biotech,
Synthite Industries, Lonza, and Naturite Agro Products. Manufacturers are
taking up various strategic initiatives such as technological advancements,
expansions, mergers and acquisitions, and partnerships in order to expand their
business across the globe.
pharmaceutical and cosmetic sectors to boost market growth
Growth of pharmaceutical and cosmetic industries is a major driver in the market. Widespread application of Capsaicin ranging from food flavorings to therapeutics is also a key factor supporting the Capsaicin market growth. Increasing clinical and therapeutic significance of Capsaicin in the treatment of various diseases such as obesity, diabetes, cancer, pain, and other inflammatory diseases is influencing the market growth positively. On the flip side, increasing controversies whether its usage is entirely safe or not and rising awareness pertaining to harmful effects of Capsaicin may hinder the growth of the market in the years to come.
For further information, check: https://www.qyrconsulting.com/reports/capsaicin-market