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QYResearch: In 2023 the global production of Carotenoids will reach 3048MT


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QYResearch • Carotenoids are organic pigments that are produced by plants and algae, as well as several bacteria and fungi. Carotenoids can be produced from fats and other basic organic metabolic building blocks by all these organisms. The only animals known to produce carotenoids are aphids and spider mites, which acquired the ability and genes from fungi. Carotenoids from the diet are stored in the fatty tissues of animals, and exclusively carnivorous animals obtain the compounds from animal fat.

QYResearch • The production of Carotenoids is estimated from 2022 MT in 2012 to 2372MT in 2016, with a CAGR of 4.92% North America, China, and Europe are the major manufacturing market in the world. At present, the major manufacturers of Carotenoids are DSM, BASF, Allied Biotech, Chenguang Biotech, FMC, Dohler, Chr. Hansen, Carotech, DDW, Excelvite, AnHui Wisdom, Tian Yin and Kemin etc. • Carotenoids downstream is wide; the major fields are food, feed, pharmaceuticals and cosmetics etc. In recent years, these industries have developed rapidly. Increasing demand for food is expected to drive the demand for the Carotenoids market. As regions such as North America, China, and Europe are food ingredient driven regions, the demand for Carotenoidss is high in these areas.

QYResearch Carotenoids is divided into five kinds, Astaxanthin, Beta-Carotene, Canthaxanthin, Lycopene and Lutein. At present, Beta-Carotene occupied the most part of the whole Carotenoids production. From the above table and figures, Europe and China occupied the most Carotenoids production and occupied 38.9%and 38.8% in 2016. According to QYResearch, Global market is expected to witness significant growth on account of rising applications, so in the next few years, Carotenoids production will show a trend of steady growth. In 2023 the production of Carotenoids will reach 3048MT, and the consumption increasing degree will be high. On product prices, it will be floating in the future. The largest consumption of Carotenoids areas is Europe and it occupied 37.10% in 2016. North America is the second largest consumption areas and occupied 27.32%. China ranked the third position and occupied 22.09% in 2016. China and North America are the main export areas and they remain this status in future.


QYResearch: In 2023 the global production of Carotenoids will reach 3048MT  
QYResearch: In 2023 the global production of Carotenoids will reach 3048MT  

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