Carotenoids Market by Type (Astaxanthin, Beta-Carotene, Canthaxanthin, Lutein, Lycopene, & Zeaxanthin), Source (Synthetic and Natural), Application (Supplements, Food, Feed, and Cosmetics), & by Region - Global Trends & Forecasts to 2021

  • ID: 3776325
  • Report
  • Region: Global
  • 173 Pages
  • Markets and Markets
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The Carotenoids Market is Projected to Grow at a CAGR of 3.78% to Reach USD 1.53 Billion by 2021

FEATURED COMPANIES

  • BASF SE
  • Chr. Hansen A/S
  • Cyanotech Corporation
  • Döhler Group
  • Excelvite SDN. BHD.
  • FMC Corporation
  • MORE
The global carotenoids market is projected to reach a value of USD 1.53 billion by 2021, growing at a CAGR of 3.78% from 2016 to 2021. The market is driven by factors such as increasing health consciousness among the customers, rising end-use applications of carotenoids, and increasing preference for natural coloration.

The industrialization of pork, poultry, and aquaculture business and the rising focus on the quality and appearance of meat, meat products, and fish are factors driving the demand of carotenoids in the animal feed sector.

On the basis of type, carotenoids are segmented into astaxanthin, beta-carotene, lutein, lycopene, canthaxanthin, and zeaxanthin. Among these, astaxanthin accounted for the largest market share in 2015, followed by beta-carotene and lutein. Astaxanthin is used on a large scale due to its functional qualities, easy availability, and application in almost all the industrial sectors.

On the basis of application, the carotenoids market is led by the feed segment, followed by the supplements and food segments. The demand for carotenoids in animal feed is increasing due to the increasing preference for good quality and appearance of meat, meat products, and fish. Along with adding nutrients to the feed, carotenoids also increases the palatability of feed.

Europe formed the largest market for carotenoids in 2015, whereas North America accounted for the second-largest market share in 2015, and is projected to grow at the highest CAGR from 2016 to 2021. The global carotenoids market is segmented region-wise, with a detailed analysis of each region by studying the key markets. These regions include North America, Europe, Asia-Pacific, Latin America, and the Rest of the World (RoW).

Breakdown of profile of primary participants:

- By Company Type: Tier 1 - 36 %, Tier 2 - 42%, and Tier 3 - 22%

- By Designation: C level - 69%, Manager level - 31%

- By Region: North America - 22%, Europe - 56%, Asia-Pacific - 19%, RoW - 3%

Key players identified in the carotenoids market include BASF SE (Germany), Royal DSM N.V. (The Netherlands), Chr. Hansen A/S (Denmark), FMC Corporation (U.S.), Kemin Industries, Inc. (U.S.), and Cyanotech Corporation (U.S.). Along with these companies, the other players that have a strong presence in the carotenoids market include D.D. Williamson & Co., Inc. (U.S.) Allied Biotech Corporation (Taiwan), ExcelVite Sdn. Bhd. (Malaysia), and Döhler Group (Germany).

Reasons to buy this report:

From an insight perspective, this research report has focused on various levels of analysis-industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the carotenoids market; high-growth regions; and market drivers, restraints, and opportunities.

The report provides insights on the following pointers:

- Market Penetration: Comprehensive information on carotenoids offered by the top players in the global carotenoids market

- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the carotenoids market

- Market Development: Comprehensive information about lucrative emerging markets - the report analyzes the markets for carotenoids across regions

- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the global carotenoids market

- Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global carotenoids market
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FEATURED COMPANIES

  • BASF SE
  • Chr. Hansen A/S
  • Cyanotech Corporation
  • Döhler Group
  • Excelvite SDN. BHD.
  • FMC Corporation
  • MORE
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Market Covered
1.3.2 Years Considered
1.4 Currency
1.5 Units
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations

3 Executive Summary
3.1 Overview
3.2 Carotenoids

4 Premium Insights
4.1 Attractive Opportunities in the Carotenoids Market
4.2 Astaxanthin: Leading Segment, By Type
4.3 Carotenoids Market: Developed vs Developing Countries, 2016-2021 (USD Million)
4.4 Europe: Largest Carotenoids Market
4.5 Feed: Fastest-Growing Segment in the Carotenoids Market
4.6 Life Cycle Analysis: By Region

5 Market Overview
5.1 Introduction
5.2 Macro Indicator
5.2.1 Rising Population
5.2.2 Growing Middle-Class Population
5.2.3 Changing Consumption Patterns
5.3 Market Segmentation
5.3.1 By Type
5.3.2 By Application
5.3.3 By Method of Production
5.3.4 By Formulation Type
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 Expanding End-Use Applications
5.4.1.2 Preventive Healthcare and Nutraceuticals
5.4.1.3 Rising Demand for Natural Colorants
5.4.1.4 Industrialization of Pork, Poultry, and Aquaculture Industry
5.4.2 Restraints
5.4.2.1 Harmful Effects of High Doses of Carotenoids
5.4.2.2 Stringent Regulatory and Approval Norms
5.4.2.3 Lack of R&D in African and Middle-East Countries
5.4.3 Opportunities
5.4.3.1 Growth of the Aquaculture Industry
5.4.3.2 Awareness About the Medicinal Applications of Carotenoids
5.4.3.3 Growing Demand of Naturally Sourced Carotenoids
5.4.3.4 Development of Different Techniques to Create High Value Natural Carotenoids
5.4.4 Challenges
5.4.4.1 Adulteration
5.4.4.2 Low Cost-Competitiveness From Asian Countries
5.5 Pricing Trend Analysis
5.5.1 Key Factors Impacting Market Price
5.5.2 Price Comparison, By Type
5.6 Production Process of Carotenoids

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.3 Supply Chain Analysis
6.3.1 Prominent Companies
6.3.2 Small & Medium Enterprises
6.3.3 End Users
6.3.4 Key Influencers
6.4 Porter’s Five Forces Analysis
6.4.1 Threat of New Entrants
6.4.2 Threat of Substitutes
6.4.3 Bargaining Power of Suppliers
6.4.4 Bargaining Power of Buyers
6.4.5 Intensity of Competitive Rivalry

7 Carotenoids Market, By Type
7.1 Introduction
7.2 Beta-Carotene
7.2.1 Beta-Carotene Market, By Source
7.3 Lutein
7.3.1 Lutein Market, By Source
7.4 Lycopene
7.4.1 Lycopene Market, By Source
7.5 Astaxanthin
7.5.1 Astaxanthin Market, By Source
7.6 Zeaxanthin
7.6.1 Zeaxanthin Market, By Source
7.7 Canthaxanthin
7.7.1 Canthaxanthin Market, By Source
7.8 Other Carotenoids
7.8.1 Other Carotenoids Market, By Source

8 Carotenoids Market, By Application
8.1 Introduction
8.2 Supplements
8.3 Food
8.4 Feed
8.5 Cosmetics
8.6 Pharmaceuticals

9 Carotenoids Market, By Region
9.1 Introduction
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 France
9.3.3 Italy
9.3.4 The Netherlands
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia-Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.3.1 Growth of Indian Carotenoids Market
9.4.4 Malaysia
9.4.5 Rest of Asia-Pacific
9.5 Latin America
9.5.1 Brazil
9.5.2 Argentina
9.5.3 Rest of Latin America
9.6 Rest of the World (RoW)
9.6.1 South Africa
9.6.2 Others in RoW

10 Carotenoids Market, By Method of Production
10.1 Introduction
10.2 Chemical Synthesis
10.3 Extraction From Botanical Material
10.4 Fermentation
10.5 Algae Route

11 Carotenoids Market, By Formulation Type
11.1 Introduction
11.2 Oil Suspensions
11.3 Beadlets
11.4 Powders
11.5 Emulsions

12 Competitive Landscape
12.1 Overview
12.2 Competitive Situation & Trends
12.2.1 Expansions
12.2.2 Acquisitions
12.2.3 New Product Developments
12.2.4 Agreements, Collaborations, Joint Ventures, and Partnerships

13 Company Profiles
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
13.1 Introduction
13.2 BASF SE
13.3 Royal DSM N.V.
13.4 Chr. Hansen A/S
13.5 FMC Corporation
13.6 Cyanotech Corporation
13.7 Kemin Industries Inc.
13.8 D.D. Williamson & Co., Inc.
13.9 Döhler Group
13.10 Allied Biotech Corporation
13.11 Excelvite SDN. BHD.

*Details on Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

14 Appendix
14.1 Insights of Industry Experts
14.2 Discussion Guide

List of Tables

Table 1 The Sources of Carotenoids in Fruit & Vegetables and Their Medicinal Properties
Table 2 Approved Carotenoids for Food & Feed Industries By Different Organizations
Table 3 Carotenoid Pricing, By Type & Source (USD/Kg)
Table 4 Natural vs Synthetic Carotenoid
Table 5 Common Dietary Sources of Carotenoids in Vegetable Foods (?g/100 Fresh Weight)
Table 6 Carotenoids Market Size, By Type, 2014-2021 (USD Million)
Table 7 Carotenoids Market Size, By Type, 2014-2021 (KT)
Table 8 Beta-Carotene Market Size, By Region, 2014-2021 (USD Million)
Table 9 Beta-Carotene Market Size, By Source, 2014-2021 (USD Million)
Table 10 Lutein Market Size, By Region, 2014-2021 (USD Million)
Table 11 Lutein Market Size, By Source, 2014-2021 (USD Million)
Table 12 Lycopene Market Size, By Region, 2014-2021 (USD Million)
Table 13 Lycopene Market Size, By Source, 2014-2021 (USD Million)
Table 14 Astaxanthin Market Size, By Region, 2014-2021 (USD Million)
Table 15 Astaxanthin Market Size, By Source, 2014-2021 (USD Million)
Table 16 Zeaxanthin Market Size, By Region, 2014-2021 (USD Million)
Table 17 Zeaxanthin Market Size, By Source, 2014-2021 (USD Million)
Table 18 Canthaxanthin Market Size, By Region, 2014-2021 (USD Million)
Table 19 Canthaxanthin Market Size, By Source, 2014-2021 (USD Million)
Table 20 Other Carotenoids Market Size, By Region, 2014-2021 (USD Million)
Table 21 Other Carotenoids Market Size, By Source, 2014-2021 (USD Million)
Table 22 Carotenoids Market Size, By Application, 2014-2021 (USD Million)
Table 23 Supplements Market Size, By Region, 2014-2021 (USD Million)
Table 24 Food Market Size, By Region, 2014-2021 (USD Million)
Table 25 Feed Market Size, By Region, 2014-2021 (USD Million)
Table 26 Cosmetics Market Size, By Region, 2014-2021 (USD Million)
Table 27 Pharmaceuticals Market Size, By Region, 2014-2021 (USD Million)
Table 28 Carotenoids Market Size, By Region, 2014-2021 (USD Million)
Table 29 Carotenoids Market Size, By Region, 2014-2021 (KT)
Table 30 North America: Carotenoids Market Size, By Country, 2014-2021 (USD Million)
Table 31 North America: Carotenoids Market Size, By Type, 2014-2021 (USD Million)
Table 32 North America: Carotenoids Market Size, By Source, 2014-2021 (USD Million)
Table 33 North America: Carotenoids Market Size, By Application, 2014-2021 (USD Million)
Table 34 U.S.: Carotenoids Market Size, By Type, 2014-2021 (USD Million)
Table 35 Canada: Carotenoids Market Size, By Type, 2014-2021 (USD Million)
Table 36 Mexico: Carotenoids Market Size, By Type, 2014-2021 (USD Million)
Table 37 Europe: Carotenoids Market Size, By Country, 2014-2021 (USD Million)
Table 38 Europe: Carotenoids Market Size, By Type, 2014-2021 (USD Million)
Table 39 Europe: Carotenoids Market Size, By Source, 2014-2021 (USD Million)
Table 40 Europe: Carotenoids Market Size, By Application, 2014-2021 (USD Million)
Table 41 Germany: Carotenoids Market Size, By Type, 2014-2021 (USD Million)
Table 42 France: Carotenoids Market Size, By Type, 2014-2021 (USD Million)
Table 43 Italy: Carotenoids Market Size, By Type, 2014-2021 (USD Million)
Table 44 The Netherlands: Carotenoids Market Size, By Type, 2014-2021 (USD Million)
Table 45 Spain: Carotenoids Market Size, By Type, 2014-2021 (USD Million)
Table 46 Rest of Europe: Carotenoids Market Size, By Type, 2014-2021 (USD Million)
Table 47 Asia-Pacific: Carotenoids Market Size, By Country, 2014-2021 (USD Million)
Table 48 Asia-Pacific: Carotenoids Market Size, By Type, 2014-2021 (USD Million)
Table 49 Asia-Pacific: Carotenoids Market Size, By Source, 2014-2021 (USD Million)
Table 50 Asia-Pacific: Carotenoids Market Size, By Application, 2014-2021 (USD Million)
Table 51 China: Carotenoids Market Size, By Type, 2014-2021 (USD Million)
Table 52 Japan: Carotenoids Market Size, By Type, 2014-2021 (USD Million)
Table 53 India: Carotenoids Market Size, By Type, 2014-2021 (USD Million)
Table 54 Malaysia: Carotenoids Market Size, By Type, 2014-2021 (USD Million)
Table 55 Rest of Asia-Pacific: Carotenoids Market Size, By Type, 2014-2021 (USD Million)
Table 56 Latin America: Carotenoids Market Size, By Country, 2014-2021 (USD Million)
Table 57 Latin America: Carotenoids Market Size, By Type, 2014-2021 (USD Million)
Table 58 Latin America: Carotenoids Market Size, By Source, 2014-2021 (USD Million)
Table 59 Latin America: Carotenoids Market Size, By Application, 2014-2021 (USD Million)
Table 60 Brazil: Carotenoids Market Size, By Type, 2014-2021 (USD Million)
Table 61 Argentina: Carotenoids Market Size, By Type, 2014-2021 (USD Million)
Table 62 Rest of Latin America: Carotenoids Market Size, By Type, 2014-2021 (USD Million)
Table 63 Rest of the World: Carotenoids Market Size, By Country, 2014-2021 (USD Million)
Table 64 RoW: Carotenoids Market Size, By Type, 2014-2021 (USD Million)
Table 65 Rest of the World: Carotenoids Market Size, By Source, 2014-2021 (USD Million)
Table 66 Rest of the World: Carotenoids Market Size, By Application, 2014-2021 (USD Million)
Table 67 South Africa: Carotenoids Market Size, By Type, 2014-2021 (USD Million)
Table 68 Others in RoW: Carotenoids Market Size, By Type, 2014-2021 (USD Million)
Table 69 Plant Extracts Containing Carotenoids
Table 70 Microorganisms Used for Carotenoid Production
Table 71 Formulation Types Offered By Allied Biotech Corporation
Table 72 Expansions 2010-2016
Table 73 Acquisitions, 2010-2016
Table 74 New Product Developments, 2010-2016
Table 75 Agreements, Collaborations, Joint Ventures, and Partnerships, 2010-2016
Table 76 Expansions 2010-2016
Table 77 Acquisitions, 2010-2016
Table 78 New Product Developments, 2010-2016
Table 79 Agreements, Collaborations, Joint Ventures, and Partnerships, 2010-2016

List of Figures

Figure 1 Carotenoids Market Segmentation
Figure 2 Research Design: Carotenoids Market
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Assumptions of the Study
Figure 7 Carotenoids Market Size, By Type, 2016 vs 2021 (USD Million)
Figure 8 Carotenoids Market Size, By Region, 2016-2021 (USD Million)
Figure 9 Feed Segment is Projected to Account for the Largest Share in the Carotenoids Market, By Application, 2016 - 2021 (USD Million)
Figure 10 Synthetic Carotenoids Segment is Projected to Dominate the Carotenoids Market, By Source, 2016 vs 2021 (USD Million)
Figure 11 North America is Projected to Be the Fastest-Growing Regional Market for Carotenoids From 2016 to 2021
Figure 12 Emerging Aquaculture Industry Poses Strong Growth Potential for the Carotenoids Market, 2016-2021
Figure 13 Beta-Carotene Projected to Be the Fastest-Growing Segment, 2016-2021
Figure 14 China is Projected to Be the Fastest-Growing Market, 2016 vs 2021
Figure 15 Astaxanthin Segment Accounted for the Largest Share in the European Carotenoids Market, 2015
Figure 16 Feed Application Segment Accounted for the Largest Share in the Carotenoids Market, 2015
Figure 17 Asia-Pacific to Provide Immense Opportunities for Carotenoids Market Growth
Figure 18 Population Growth Trend, 1955-2050
Figure 19 Growth in Global Middle-Class Population
Figure 20 Changing Consumption Patterns & Their Effects on the Carotenoids Market
Figure 21 Carotenoids Market, By Type
Figure 22 Carotenoids Market, By Application
Figure 23 Carotenoids Market, By Method of Production
Figure 24 Carotenoids Market, By Formulation Type
Figure 25 Expanding End-Use Applications to Drive the Growth of the Market
Figure 26 Feed Consumption Share (Volume), By Livestock Type, , 2014
Figure 27 Growing Preference for Natural Carotenoids
Figure 28 Value Chain Analysis: Major Value is Added During Research & Product Development, Processing, and Packaging
Figure 29 Supply Chain Analysis
Figure 30 Porter’s Five Forces Analysis: Involvement of Established Players in R&D is Increasing Competition in the Industry
Figure 31 Classification of Carotenoids
Figure 32 Beta-Carotene is Projected to Be the Fastest-Growing Segment in the Global Carotenoids Market From 2016 to 2021
Figure 33 Supplements Segment is Projected to Be the Fastest-Growing From 2016 to 2021
Figure 34 Geographic Snapshot for Global Carotenoids Market, 2015 (USD Million)
Figure 35 North American Carotenoids Market: A Snapshot
Figure 36 European Carotenoids Market: A Snapshot
Figure 37 General Process of Carotenoid Extraction Through Botanical Material
Figure 38 Companies Adopted Expansions as the Key Growth Strategy From 2010 to 2016
Figure 39 Companies Adopted New Product Launches as Their Key Growth Strategy (2013 to 2015)
Figure 40 Expansions: the Most Preferred Growth Strategy 2010-2016
Figure 41 Annual Developments in the Carotenoids Market, 2010-2016
Figure 42 Geographic Revenue Mix of Top Five Market Players
Figure 43 BASF SE: Company Snapshot
Figure 44 BASF SE: SWOT Analysis
Figure 45 Royal DSM N.V.: Company Snapshot
Figure 46 Royal DSM N.V. : SWOT Analysis
Figure 47 Chr. Hansen A/S: Company Snapshot
Figure 48 Chr. Hansen A/S: SWOT Analysis
Figure 49 FMC Corporation: Company Snapshot
Figure 50 FMC Corporation: SWOT Analysis
Figure 51 Cyanotech Corporation: Company Snapshot
Figure 52 Cyanotech Corporation: SWOT Analysis
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- Allied Biotech Corporation
- BASF SE
- Chr. Hansen A/S
- Cyanotech Corporation
- D.D. Williamson & Co., Inc.
- Döhler Group
- Excelvite SDN. BHD.
- FMC Corporation
- Kemin Industries Inc.
- Royal DSM N.V.
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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