Nowadays, businesses get highly benefited with the different segments covered in the Carotenoids Market research report which provides better market insights to them with which they can drive the business into right direction. Market drivers and market restraints help businesses to get idea about the production strategy. The report helps strengthen organization and make better decisions for driving business on the right track.
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In addition, the years considered for the study are as follows:
Historical year – 2013-2018 | Base year – 2018 | Forecast period – 2019 to 2026
The Major players profiled in this report include BASF SE, Chr. Hansen Holding A/S, FMC Corporation., Kemin Industries, Inc., Cyanotech Corporation., Allied Biotech Corporation, Doehler Ventures., DDW The Colour House., ExcelVite, Brenntag AG, Divi’s Laboratories Limited, Algatech LTD., NIKKEN SOHONSHA CORPORATION, E.I.D. – Parry (India) Limited., NOVUS INTERNATIONAL, PAT Vitamins, Sensient Technologies Corporation, Valensa International and others.
Global Carotenoids Market: Segment Analysis
- By Type (Canthaxanthin, Astaxanthin, Lycopene, Beta-carotene, Lutein, Zeaxanthin, Capsanthin & Paprika Extracts, Annatto, Beta-Apo-8-Carotenal, Beta-Apo-8-Carotenal-Ester,Others),
- Source (Natural, Synthetic),
- Method of Production (Chemical Synthesis, Extraction from Botanical Material, Fermentation, Algae Route),
- Formulation Type (Oil Suspensions, Beadlets, Powders, Emulsions)
- Application (Feed, Food, Supplements, Cosmetics, Pharmaceuticals)
Unique structure of the report
Global carotenoids market is projected to rise to an estimated value of USD 2241.77 million by 2026, undergoing growth with a steady CAGR of in the forecast period of 2019-2026. This growth in the market can be attributed to the rising use of carotenoids to treat chronic diseases like cancer and its growing demand as health supplements amongst the health conscious consumers.
Carotenoids are fat-soluble pigments produced by plants and algae that give the red, orange or yellow colour to fruits and vegetables. They play a significant role in the health of a plant, by absorbing the energy for photosynthesis. People who consume food containing carotenoids get various health benefits, as it acts an antioxidant and treats various diseases like cancer, diabetes, eye disorder etc.
Highlights following MARKET DRIVERS AND RESTRAINT:
- Carotenoids use as a natural coloring agent is extensively increasing its application in the food and beverage industry
- Increased application of carotenoids in nutraceutical and pharmaceutical manufacturing.
- Rising health problems, like several eye diseases and cancer increases the demand for carotenoids
- Stringent government policies and approval norms are expected to hinder product demand over the upcoming years
- Lack of knowledge about cancer symptoms and adulteration restraint the growth of this market
- Health risks associated with over usage of carotenoids
In February 2018, KnipBio has invented a new product, a single cell protein derived from a strain that provides powerful proteins of astaxanthin for aquafeed. The single cell protein would ensure the adequate health of aquatic animals, and would serve as a replacement to fishmeal, being a less costly type of carotenoid providing health benefits for salmon, shrimps and rainbow trout’s.
In August 2018, BASF SE launched its next generation of carotenoid formulations, Lucantin NXT product line. The next generation of carotenoids would be stabilized by propyl gallate (PG) and butylhydroxytoluene (BHT) or tocopherol. These “Lucatin NXT” products would possess increased level of homogeneity, outstanding stability and increased shelf life while supporting egg yolk and broiler skin coloring efficacy.
Research Methodology: Global Carotenoids Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Most important Highlights of TOC:
1 Introduction of Carotenoids Market
1.1 Overview of the Market
1.2 Scope of Report
2 Exclusive Summary
3 Research Methodology
3.1 Primary Interviews
3.2 Data Mining
3.4 List of Statistics
4 Carotenoids Market Segment & Geographic Analysis
4.1 By Type [2013-2026]
4.2 By Application [2013-2026]
4.3 By Region [2013-2026]
5 Carotenoids Market Outlook
5.2 Market Dynamics
5.3 Porter’s Five Force Model
5.4 Value Chain Analysis
6 Carotenoids Market Competitive Landscape
6.2 Key Development Policies
6.3 Company Market Standing
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At the Last, Carotenoids industry report focuses on data sources, viz. primary and secondary sources, market breakdown and data triangulation, market size estimation, research programs, and design, research approach and methodology, and the publisher’s disclaimer.
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