Carotenoids Market In-Depth Analysis, Growth Strategies and Comprehensive Forecast to 2025

Frozen Food Market Dairy Protein MarketMarket Food Service Equipment Carotenoids Market No. of Pages- 266

Global Opportunity Analysis Global Opportunity Analysis Global Opportunity Analysis Global Opportunity Analysis Global Opportunity Analysis Global Opportunity Analysis and Industry Forecast, and Industry Forecast, and Industry Forecast, and Industry Forecast, and Forecast, andIndustry Industry Forecast, 2019-2026 2020-2027 2020-2027 2019-2026 2018-2025 2020-2027 Download Report Sample

Carotenoids Market

Carotenoids Market by Product (Astaxanthin, Capsanthin, Lutein, Beta-carotene, Lycopene, and Others), Source (Natural and Synthetic), and Application (Animal Feed, Human Food, Dietary Supplement, and Others): Global Opportunity Analysis and Industry Forecast, 2018-2025 offers a comprehensive analysis of the market size and forecast, competitive landscape, drivers & challenges along with their impact analysis, top investment pockets, and key strategic moves, and developments by prominent market players. According to the report, the global carotenoids market garnered $1.57 billion in 2017 and is expected to reach $2.09 billion by 2025, growing at a CAGR of 3.6% from 2018 to 2025.

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Carotenoids Market

The report bifurcates the product segment into astaxanthin, lutein, capsanthin, lycopene, beta-carotene, and others. The astaxanthin segment contributed nearly one-fourth share of the total market revenue in 2017, and is projected to maintain its dominance by 2025. However, the beta-carotene segment would grow at the fastest CAGR of 5.2% from 2018 to 2025.

The study classifies the carotenoids sources into natural and synthetic. The latter contributed nearly twothirds share of the market revenue in 2017. However, the natural segment would grow at the fastest CAGR of 4.2% during the forecast period.

The applications areas analyzed in the research are animal feed, dietary supplement, human food, and others. The animal feed segment generated the highest revenue of $685.1 million in 2017, accounting for 43% of the total market share. However, the dietary supplement segment would register the highest CAGR of 4.5% from 2018 to 2025.

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Carotenoids Market Factors such as upsurge in the health issues of the geriatric population such as vision damage and increase in adoption of carotenoids in emerging economies propel the growth of the global carotenoids industry.

However, stringent standards and regulations on the usage of carotenoids in human food, high chances of adulteration, and high cost of naturally occurring carotenoids as compared to synthetic counterparts would hinder the market growth. Furthermore, rise in demand for natural colorants in beverages, food processing, and cosmetics is expected to open new opportunities for the industry.

Geographical regions analyzed in the research include North America, Europe, Asia-Pacific, and Latin America, Middle East and Africa (LAMEA). The European region dominated the global carotenoids market in 2017, with a market share of about 42%. However, the Asia-Pacific region would become the fastest growing region, registering 4.3% CAGR from 2018 to 2025, owing to significant increase in consumption of carotenoids in the Chinese, Indian, and Indonesian food and beverage sector.

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Carotenoids Market

The Major Key Players Are:

The major players discussed in the report are Chr. Hansen A/S, BASF SE, Koninklijke DSM N.V., Cyanotech Corporation, FMC Corporation, DDW The Colour House, Kemin Industries Inc., Allied Biotech Corporation, Döhler Group, and Excelvite. The growth strategies adopted by market players include new product launches, partnerships, collaborations, mergers & acquisition, joint ventures, and others to strengthen their position in the industry.

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Carotenoids Market Key Findings of the Carotenoids Market: •In 2017, Europe accounted for the highest market share, growing at a CAGR of 3.7% from 2018 to 2025.

•In 2017, animal feed application segment accounted for the highest market share and is expected to growth at the highest CAGR of 3.7%.

•Astaxanthin accounted for the highest market share in 2017 in terms of value and is projected to grow at a significant CAGR of 3.5%.

•In 2017, synthetic source of carotenoids accounted for the highest market share growing at a CAGR of 3.2%.

•In 2017, the U.S. accounted for a prominent market share and is anticipated to grow at a significant CAGR of 3.2%.

•India is anticipated to grow at the highest CAGR of 5.6% from 2018 to 2025.

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Carotenoids Market

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