The global carotenoids market is expected to reach USD 2.19 Billion by 2026, according to a new report by Reports and Data. Carotenoids are the type of phytonutrients found in the cells of a wide variety of plants, algae, and bacteria. These phytonutrients help plants absorb light energy for use in photosynthesis. Carotenoids are essential anti-oxidants that play a significant role in animal health and reproduction. Carotenoid-containing foods are generally red, yellow or orange.
Carotenoids are extensively used as coloring agents in food and beverages industry. Nevertheless, with biotechnological advancements coupled with innovations in recombinant DNA technology, the extraction of carotenoids is now commercially feasible. Owing to this, there is an increase in the production of carotenoid-based products. The rise in consumer awareness regarding the health benefits of carotenoid-based supplements and fortified foods has led to the use of such products as a preventive measure against various health conditions including arthritis, diabetes, obesity, cancer, macular degeneration, and skin damage among others.
Scope of the Report:
The report focuses on the important geographies of sale of the Carotenoids such as North America, Europe and Asia-Pacific, South America, Middle East and Africa. The entire Carotenoids market has been categorized into three segments in this report, namely- manufacturers, regions, type and application.
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Market Segment by Companies, this report covers
BASF, Allied Biotech, AquaCarotene, Algatechnologies, Kemin Industries, Cyanotech Corp., Brenntag, Divis Laboratories, Naturex SA, DSM Nutritional Products, D.D. Williamson, Lycored, FMC Corporation, and EID Parry.
The report provides an in-depth analysis of the competitive landscape, along with company profiling of key players involved in the Carotenoids market. The authors of the report make sure to equip readers with a thorough evaluation of the vendor landscape and inform them of the current and future changes that can be expected. The competitive analysis offered in the report inspects the market share, gross margin, product portfolio, consumption, market status, and technologies of leading players controlling a significant portion of the Carotenoids market.
Type Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
• Beta-Carotene
• Alpha-Carotene
• Lycopene
• Lutein
• Zeaxanthin
• Beta-Cryptoxanthin
• Astaxanthin
• Others
Source Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
• Natural
• Synthetic
Extraction Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
• Conventional Process (using organic solvents or vegetable oils)
• Supercritical Fluid Extraction
Application Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
• Food & Beverages
• Animal Feed
• Dietary Supplements
• Personal Care
• Pharmaceuticals
• Others
The research takes a closer look at prominent factors driving the growth rate of the prominent product categories across major geography. Furthermore, the study covers a lot of the sales, gross margin, consumption capacity, spending power and customer preference across various countries. The report offers clear indications how the Carotenoids market is expected to witness numerous exciting opportunities in the years to come
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Market Segment by Regions, regional analysis covers
• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Colombia etc.)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Researching target customer:
The study further talks about who are the potential customers are and where most of them are located. Besides, analysing how growth in the application has affected sales the study takes a closer look at from where and how customers purchase the products. Apart from this, insights on customer attitudes or behaviour towards Carotenoids industry and the products make the document more valuable. Thus, special coverage on customer demographics, customer lifestyle trends and requirements offers everything a business owner needs to know to zero in on an effective business strategy.
The research provides answers to the following key questions:
What will be the growth rate and the market size of the Carotenoids industry for the forecast period 2019-2026?
What are the major driving forces expected to impact the development of the Carotenoids market across different regions?
Who are the major driving forces expected to decide the fate of the industry worldwide?
Who are the prominent market players making a mark in the Carotenoids market with their winning strategies?
Which industry trends are likely to shape the future of the industry during the forecast period 2019-2026?
What are the key barriers and threats believed to hinder the development of the industry?
What are the future opportunities in the Carotenoids market?
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