Global Carotenoids Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2017 - 2025

  • ID: 4394906
  • Report
  • Region: Global
  • Acute Market Reports
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Carotenoids market witnessed growth on the back of health benefits associated with carotenoids and shift in trend towards natural colorant. However, different government guidelines in different countries and toxic effects of carotenoids if consumed in higher quantities are the factors restraining the growth of the market. But in future emerging economies and development of different technology to create higher value natural carotenoids will provide huge market potential and bring in rich gains.

By source, synthetic carotenoids accounted for more than 70% share of the pie in 2014 and projected to maintain its dominance over the next six years. This segment dominates the market as its lesser expensive and requires less labor as compared to the natural carotenoids. However, the natural carotenoids are projected to be the fastest-growing segment and will reach USD 504.18 million by 2022.

By product type, beta carotene accounted for the largest share of the pie followed by lutein and astaxanthin. In 2014, beta carotene accounted 34% share of the pie in terms of value and projected to maintain its dominance over the next six year. Beta-Apo-8-carotenal is projected to be the fastest growing market and projected to grow at a CAGR of 6.0% from 2015 - 2022. Lutein and lycopene are the other two fastest growing market.

By application, demand for carotenoids was highest from the animal feed segment and accounted for 34% share of the market in 2014. As carotenoids is only found in plants and cannot be synthesized by livestock, animals’ requirement of this nutrient is fulfilled by their diet. However, demand for carotenoids is projected to be highest from the supplements segment which is projected to grow at a CAGR of 4.9% during the forecast period.

North America and Europe together accounted for more than 65% share of the market. Europe is the largest for carotenoids and will cross more than USD 600 million by 2022. On the other hand growth Asia Pacific is projected to be highest growing market at a CAGR of 4.9% over the next six years. India and China is not only became the major consumer of carotenoids but also major producers due to availability of abundant raw material, cheap labor and capabilities to produce carotenoids meeting the international standard and demand.

The global carotenoids market is highly consolidated with DSM and BASF accounting for than 55% share of the market. Moreover, there are many medium and small sized players present in the market but only few accounts for major share of the pie. In parallel, the number of producers of synthetic and algae derived carotenoids rose sharply, which added to the imbalance of supply and demand. In addition, major international players in carotenoids market are being threatened by cheaper imports from China and India.
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Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Market Segmentation
1.3 Research Methodology
1.3.1 Phase I - Secondary Research
1.3.2 Phase II - Primary Research
1.3.3 Phase III - Expert Panel Review
1.3.4 Approach Adopted
1.3.5 Key Points

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Carotenoids Market

Chapter 3 Introduction
3.1 Introduction
3.2 Classification
3.3 Drivers
3.3.1 Health benefits associated with carotenoids
3.3.2 Deficiency may lead to certain side effects
3.3.3 Shift in trend towards natural colorant
3.4 Restraints
3.4.1 Overdose of carotenoids can cause toxic effects
3.4.2 Different government guidelines
3.5 Opportunity
3.5.1 Emerging economies provide huge untapped market potential
3.5.2 Rising demand from the end user applications
3.5.3 Development of different techniques to create higher value natural carotenoids
3.6 Supply Chain
3.7 Porter’s five force analysis
3.7.1 Bargaining power of suppliers
3.7.2 Bargaining power of buyers
3.7.3 Threat of new entrants
3.7.4 Threat of substitutes
3.7.5 Degree of competition

Chapter 4 Global Carotenoids Market, By Source
4.1 Global Carotenoids Market, by Source, (2017 - 2025), (USD Million)
4.1.1 Global Synthetic Carotenoids Market, 2017 - 2025, (USD Million)
4.1.2 Global Natural Carotenoids Market, 2017 - 2025, (USD Million)

Chapter 5 Global Carotenoids Market, By Product Type
5.1 Global Carotenoids Market, by product type
5.2 Beta-carotene
5.2.1 Global Beta-carotene Market, 2017 - 2025, (USD Million)
5.3 Lutein
5.3.1 Global Lutein Market, 2017 - 2025, (USD Million)
5.4 Astaxanthin
5.4.1 Global Astaxanthin Market, 2017 - 2025, (USD Million)
5.5 Capsanthin
5.5.1 Global Capsanthin Market, 2017 - 2025, (USD Million)
5.6 Annatto
5.6.1 Global Annatto Market, 2017 - 2025, (USD Million)
5.7 Canthaxanthin
5.7.1 Global Canthaxanthin Market, 2017 - 2025, (USD Million)
5.8 Lycopene
5.8.1 Global Lycopene Market, 2017 - 2025, (USD Million)
5.9 Beta-Apo-8-carotenal
5.9.1 Global Beta-Apo-8-carotenal Market, 2017 - 2025, (USD Million)
5.10 Zeaxanthin
5.10.1 Global Zeaxanthin Market, 2017 - 2025, (USD Million)
5.11 Beta-apo-8-carotenal-ester
5.11.1 Global Beta-apo-8-carotenal-ester Market, 2017 - 2025, (USD Million)

Chapter 6 Global Carotenoids Market, By Application Type
6.1 Global carotenoids market, applications type Market share (%), 2017 - 2025
6.2 Food & beverages
6.2.1 Global carotenoids demand by food & beverages application, 2017 - 2025, (USD Million)
6.3 Supplements
6.3.1 Global carotenoids demand by supplements application, 2017 - 2025, (USD Million)
6.4 Animal Feed
6.4.1 Global carotenoids demand by animal feed application, 2017 - 2025, (USD Million)
6.5 Cosmetics
6.5.1 Global carotenoids demand by cosmetics application, 2017 - 2025, (USD Million)

Chapter 7 Global Carotenoids Market, Regional Analysis
7.1 Global Carotenoids Market, regional analysis, (2017 - 2025)
7.2 North America
7.3 Europe
7.4 Asia Pacific
7.5 RoW

Chapter 8 Competitive Analysis

Chapter 9 Conclusion

List of Figures
Fig. 1 Market drivers for carotenoids market: Impact analysis
Fig. 2 Global Natural Color Market, 2017 - 2025, (USD Million)
Fig. 3 Market restraints for carotenoids market: Impact analysis
Fig. 4 Market opportunities for carotenoids market: Impact analysis
Fig. 5 Global Carotenoids Market, by Source, (2017 - 2025), (USD Million)
Fig. 6 Global Synthetic Carotenoids Market, 2017 - 2025, (USD Million)
Fig. 7 Global Natural Carotenoids Market, 2017 - 2025, (USD Million)
Fig. 8 Global Carotenoids Market, by product type, Market attractiveness (2017 - 2025)
Fig. 9 Global Beta-carotene Market, 2017 - 2025, (USD Million)
Fig. 10 Global Lutein Market, 2017 - 2025, (USD Million)
Fig. 11 Global Astaxanthin Market, 2017 - 2025, (USD Million)
Fig. 12 Global Capsanthin Market, 2017 - 2025, (USD Million)
Fig. 13 Global Annatto Market, 2017 - 2025, (USD Million)
Fig. 14 Global Canthaxanthin Market, 2017 - 2025, (USD Million)
Fig. 15 Global Lycopene Market, 2017 - 2025, (USD Million)
Fig. 16 Global Beta-Apo-8-carotenal Market, 2017 - 2025, (USD Million)
Fig. 17 Global Zeaxanthin Market, 2017 - 2025, (USD Million)
Fig. 18 Global Beta-apo-8-carotenal-ester Market, 2017 - 2025, (USD Million)
Fig. 19 Global carotenoids market, applications type Market share (%), 2017 - 2025
Fig. 20 Global carotenoids demand by food & beverages application, 2017 - 2025, (USD Million)
Fig. 21 Global carotenoids demand by supplements application, 2017 - 2025, (USD Million)
Fig. 22 Global carotenoids demand by animal feed application, 2017 - 2025, (USD Million)
Fig. 23 Global carotenoids demand by cosmetics application, 2017 - 2025, (USD Million)
Fig. 24 Global Carotenoids Market, regional analysis, (2017 - 2025)

List of Tables
Table 1 Market Snapshot: Global Carotenoids Market
Table 2 GDP Per capita (USD $), 2011 - 2014
Table 3 North America Carotenoids Market, Strategic Snapshot
Table 4 North America carotenoid market revenue, by countries, 2017-2025, (USD Million)
Table 5 North America carotenoid market revenue, by source, 2017-2025, (USD Million)
Table 6 North America carotenoid market revenue, by product type, 2017-2025, (USD Million)
Table 7 North America carotenoids market revenue, by applications, 2017-2025, (USD Million)
Table 8 Europe Carotenoids Market, Strategic Snapshot
Table 9 Europe carotenoid market revenue, by countries, 2017-2025, (USD Million)
Table 10 Europe carotenoid market revenue, by source, 2017-2025, (USD Million)
Table 11 Europe carotenoid market revenue, by product type, 2017-2025, (USD Million)
Table 12 Europe carotenoids market revenue, by applications, 2017-2025, (USD Million)
Table 13 Asia Pacific Carotenoids Market, Strategic Snapshot
Table 14 Asia Pacific carotenoid market revenue, by countries, 2017-2025, (USD Million)
Table 15 Asia Pacific carotenoid market revenue, by source, 2017-2025, (USD Million)
Table 16 Asia Pacific carotenoid market revenue, by product type, 2017-2025, (USD Million)
Table 17 Asia Pacific carotenoids market revenue, by applications, 2017-2025, (USD Million)
Table 18 RoW Carotenoids Market, Strategic Snapshot
Table 19 RoW carotenoid market revenue, by countries, 2017-2025, (USD Million)
Table 20 RoW carotenoid market revenue, by source, 2017-2025, (USD Million)
Table 21 RoW carotenoid market revenue, by product type, 2017-2025, (USD Million)
Table 22 RoW carotenoids market revenue, by applications, 2017-2025, (USD Million)
Table 23 Competitive Analysis
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