Published Date : 05 Nov 19 | Views: 95 | Industry : Chemical & Material
Usage of Capsaicin in medicated creams to witness a surge
The report 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.
High demand from the pharmaceutical sector to drive the Capsaicin market in North America
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.
Participants to 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.
Growing 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.
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