Global “Carotenoid Market” Report 2020 offers Complete analysis of industry status and outlook of major regions based on of key players, countries, product types, and end industries. This report focuses on the Carotenoid in Global market, especially in United States, Europe, China, Japan, South Korea, North America, India. Carotenoid Market report categorizes the market based on manufacturers, regions, type and application. Carotenoid Report 2020 (value and volume) by company, regions, product types, end industries, history data and estimate data.
Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. Carotenoid Market report categorizes the market based on manufacturers, regions, type, and application. Carotenoid Market reports offer a detailed assessment of the Carotenoid including enabling technologies, current market situation, market assumptions, restraining factors.
List of Top Key-players in 2020 of Carotenoid Market:-
- ALGATECHNOLOGIES LTD
- ALLIED BIOTECH CORP
- AQUACAROTENE LTD
- BASF SE
- VALENSA INTERNATIONAL LLC
- CHR. HANSEN A/S
- CYANOTECH CORPORATION
- THE COLOR HOUSE
- SENSIENT TECHNOLOGIES CORPORATION
- EID PARRY LTD
- EXCELVITE SDN. BHD.
- FARBEST BRANDS
- FMC CORPORATION
- SENSIENT TECHNOLOGIES CORPORATION
- KEMIN INDUSTRIES
- KONINKLIJKE DSM NV
The Global Carotenoid market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
The global carotenoid market is projected to reach USD 2,070 million by 2023, registering a CAGR of 4% from 2018 to 2023.
Carotenoids are normally found in microorganisms, algae, and higher plants as well as some animal species. They provide bright yellow, red, and orange color and protect these species from the harmful effects of light, air, and sensitizer pigments. Carotenoids are majorly used as food coloring agents. However, with the advancements in biotechnology and recombinant DNA technology, the extraction of carotenoids is more commercially viable now than before. This has led to an increase in the production of carotenoid-based products. Consumers are more informed about the health benefits of carotenoid-based supplements and fortified foods. They use them as a preventive measure against ailments like arthritis, diabetes, heart disease, obesity, cancer, cataracts, macular degeneration, and skin damage. The growth of the functional foods market is also expected to boost the market for carotenoids. Although there are hundreds of carotenoids, only a few are used for commercial purposes. The carotenoids market has grown significantly in the past few years due to its increasing end-use applications in animal feed, dietary supplements, pharmaceuticals, food and beverages, cosmetics, etc.
The key driver that has led to the growth of the carotenoid market is strong growth in end-use industries like animal feed, food & beverages, dietary supplements, and pharmaceuticals. Other factors include rising health ailments like obesity and nutrient deficiency and changing consumer preferences towards natural nutritional supplements.
There is an increasing demand among consumers for clean and natural products that are made from natural supplements and colors. This has forced manufacturers to work on the extraction of carotenoid via natural means. For example, DSM has launched CaroCare® solutions, which offer a range of natural-sourced beta-carotene formulations.
The carotenoid market is segmented by type, source, and application. By type, carotenoids are further sub-segmented into beta-carotene, astaxanthin, lutein, annatto, canthaxanthin, lycopene, zeaxanthin, and others. Among these, beta-carotene is estimated to have the fastest growth during the forecast period. It is widely used for food coloring and as a natural supplement.
Carotenoids are used in animal feed, food & beverages, dietary supplements, cosmetics, pharmaceuticals, and other applications. Carotenoids are used as color enhancers in natural foods like egg yolk, chicken, meat, and fish. This improves the aesthetic look of the product and therefore, looks more appealing to the customer.
North America and Europe have the largest carotenoid market. Asia-Pacific is an emerging market, as an increasing number of consumers are adopting preventive measures in the form of health supplements to prevent diseases. Changes in lifestyle and food consumption among consumers have also led to the growth of the carotenoid market in the Asia-Pacific region. Owing to a rise in the pharmaceutical and energy industries, South America has also shown significant growth.
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The global Carotenoid market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.
Highlighted points of Carotenoid Market Size:
- Covers the varying market dynamics of the industry.
- In-depth analysis of market risks, opportunities, limitations, and growth of the market.
- Includes market driving and restraining factors.
- Participants profiles along with product description, overview, and business data.
- Include details of five years of forecast analysis by types, regions, and applications.
Key Developments in the Carotenoid Market:
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This Carotenoid Market Research/analysis Report Contains Answers to your following Questions
- Which Manufacturing Technology is Used for Carotenoid? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Carotenoid Market? What’s Their Company Profile, Their Product Information, Contact Information?
- What Was Global Market Status of Carotenoid Market? What Was Capacity, Production Value, Cost and PROFIT of Carotenoid Market?
- What Is Current Market Status of Carotenoid Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Carotenoid Market by Taking Applications and Types in Consideration?
- What Are Projections of Global Carotenoid Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
- What Is Carotenoid Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact On Carotenoid Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Carotenoid Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Carotenoid Industry?
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Finally, the report Global Carotenoid Market 2020 describes the Carotenoid industry expansion game plan, the Carotenoid industry knowledge supply, appendix, analysis findings, and the conclusion.
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