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Global Carotenoids Market, By Type, By Application, By Source, By Formulation By Region; Trend Analysis, Competitive Market Share & Forecast, 2016-2026

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  • 179 Pages
  • April 2020
  • Region: Global
  • Blueweave Consulting & Research Pvt Ltd
  • ID: 5135089
The Global Carotenoids Market was valued USD 1.27 billion in 2019, and estimated to reach USD 1.91 billion by 2026, at a CAGR of 4.7 %, over the forecast period. The key driver for the industry is the fame of carotenoids in the cure of diabetes, cancer, and eye disorder. Rising R&D for the development of high-value natural carotenoids is expectable to create new growth chances for the market. However, strict controlling and approval norms are predictable to hinder product request over the forthcoming years.

Carotenoids are organic colors that are found in many plants and organisms. These products act as antioxidants and defend the body against long-lasting diseases, cellular damage, and the effects of the elderly. Rising practice of this product in nutritional additions because of swelling health substances will surge energy market request. Carotenoids are commercially reachable in numerous forms counting beta-carotene, lutein, lycopene, annatto, canthaxanthin, astaxanthin, zeaxanthin. These products find considerable practice in human food, animal feed, nutritional supplements, pharmaceuticals, and cosmetics as they offer excellent health interests, which in turn, will fuel market development over the next nine years.

Numerous end-user applications of carotenoids, counting practice in preventive healthcare, and nutraceuticals, along with the rising significance of food excellence and appearance, have been the motivating issues for the global carotenoid market. With growing mindfulness among customers about clean-label solutions and health-based products, there has been a growing request for food encouraged with carotenoids, which offers an excellent chance for manufacturers, particularly in the developing markets, such as Asia-Pacific. The surge in health matters of the elderly population, such as image damage coupled with the rise in acceptance of carotenoids in the emerging countries, has increased the development of the global carotenoids market. However, strict standards and regulations concerning the use of carotenoids in human food, high cost of naturally happening carotenoids as compared to synthetic complements, and high chances of contamination hinder the market growth. On the opposing, a rise in requests for natural colorants in beverages, cosmetics, and food processing is predictable to generate profitable chances in the near future.

Growth Drivers

Growing Demand for Natural Coloring

The purchase curiosity of the buyer surges as brands assertions the use of natural colors, as customers are demanding greater limpidity in their food and beverage. Customers observe a positive image about the product when the label rights fruit and vegetable juices and essences as colorings listed on the element statement. Carotenoids, such as beta-carotene in carrots and lycopene in tomatoes, harvest a range of tints from yellow to red, and anthocyanins, such as grape skin mine give fruits and vegetables their red, blue, and purple colors. This increased mindfulness and use of naturally resulting tones from sources, such as tomato and carrot, are motivating the carotenoid market, globally.

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Table of Contents

1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Research Methodology
2.1. Qualitative Research
2.1.1. Primary & Secondary Sources
2.2. Quantitative Research
2.2.1. Primary & Secondary Sources
2.3. Market Breakdown & Data Triangulation
2.3.1. Secondary Research
2.3.2. Primary Research
2.4. Breakdown of Primary research respondent, By Region
2.5. Assumption & Limitation
3. Executive Summary
4. Global Carotenoids market Industry Insights
4.1. Industry Value Chain Analysis
4.2. DROC Analysis
4.2.1. Growth Drivers
4.2.2. Restraint
4.2.3. Opportunities
4.2.4. Challenges
4.3. Technological Landscape/Recent Development
4.4. Regulatory Framework
4.5. Company Market Share Analysis, 2019
4.6. Porter’s Five Forces Analysis
4.6.1. Bargaining Power of Suppliers
4.6.2. Bargaining Power of Buyers
4.6.3. Threat of New Entrants
4.6.4. Threat of Substitutes
4.6.5. Intensity of Rivalry
4.7. Impact of COVID 19
5. Global Carotenoids market Overview
5.1. Market Size & Forecast by Value, 2016-2026
5.1.1. By Value (USD Million)
5.2. Market Share & Forecast
5.2.1. By Product Type
5.2.2. Astaxanthin
5.2.3. Beta-Carotene
5.2.4. Lutein
5.2.5. Lycopene
5.2.6. Canthaxanthin
5.2.7. Zeaxanthin
5.3. By Application Feed Food & Beverages Dietary Supplements Cosmetics Pharmaceuticals
5.3.2. By Source Natural Synthetic
5.3.3. By Formulation Oil suspension Powder Beadlet Emulsion
5.3.4. By Region North America Europe Asia Pacific Latin America Middle East & Africa
6. North America Carotenoids Market
6.1. Market Size & Forecast by Value, 2016-2026
6.1.1. By Value (USD Million)
6.2. Market Share & Forecast
6.2.1. By Product type
6.2.2. By Application
6.2.3. By Source
6.2.4. By Formulation
6.2.5. By Country United States Canada
7. Europe Carotenoids market
7.1. Market Size & Forecast by Value, 2016-2026
7.1.1. By Value (USD Million)
7.2. Market Share & Forecast
7.2.1. By Product type
7.2.2. By Application
7.2.3. By Source
7.2.4. By Formulation
7.2.5. By Country Germany United Kingdom France Italy Spain Rest of Europe
8. Asia Pacific Carotenoids Market
8.1. Market Size & Forecast by Value, 2016-2026
8.1.1. By Value (USD Million)
8.2. Market Share & Forecast
8.2.1. By Product type
8.2.2. By Application
8.2.3. By Source
8.2.4. By Formulation
8.2.5. By Country India China Japan South Korea Rest of Asia Pacific
9. Latin America Carotenoids Market
9.1. Market Size & Forecast by Value, 2016-2026
9.1.1. By Value (USD Million)
9.2. Market Share & Forecast By Product type By Application By Source By Formulation By Country Brazil Mexico Rest of Latin America
10. Middle East & Africa Carotenoids Market
10.1. Market Size & Forecast by Value, 2016-2026
10.1.1. By Value (USD Million)
10.2. Market Share & Forecast By Product type By Application By Source By Formulation By Country Saudi Arabia UAE South Africa Rest of Middle East & Africa
11. Company Profile (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)*
11.1. Koninklijke DSM
11.2. BASF
11.3. Chr. Hansen
11.4. Kemin Industries
11.5. Lycored Limited
11.6. Cyanotech Corporation
11.7. Fuji Chemical Industry Co Ltd.
11.8. Novus International
11.9. DDW The Color House
11.10. Dohler Group
11.11. Allied Biotech Corporation
11.12. E.I.D Parry
11.13. Farbest Brands
11.14. Excelvite Sdn. Bhd.
11.15. Other Prominent Players
* Financial details in case of unlisted companies will be available as per data availability
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Koninklijke DSM (Netherlands)
  • BASF (Germany)
  • Chr. Hansen (Denmark)
  • Kemin Industries (US)
  • Lycored Limited (Israel)
  • Cyanotech Corporation (US)
  • Fuji Chemical Industry Co Ltd. (Japan)
  • Novus International (US)
  • DDW The Color House (US)
  • Dohler Group (Germany)
  • Allied Biotech Corporation (Taiwan)
  • E.I.D Parry (India)
  • Farbest Brands (US)
  • Excelvite Sdn. Bhd. (Malaysia)
  • AlgaTechnologies Ltd. (Israel)
  • Zhejiang NHU Co. Ltd (China)
  • Dynadis SARL (France)
  • Deinove SAS (France)
  • Vidya Europe SAS (France)
  • Divi’s Laboratories (India) other prominent players.