Global Carotenoids Market
– Market Forecast & Trends
The Global Carotenoids
Market was prized at USD 1.27
billion in 2019, and it is predictable to reach USD 1.91 billion by 2026, at a
CAGR of 4.7 %, over the forecast period.
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.
Global Carotenoids Market
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.
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.
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.
Growing Demand for Natural
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.
Global Carotenoids Market: Segmentation
global carotenoids Market is segmented by type, application, source,
formulation, and regional. On the basis of type, the market is segmented into
annatto, zeaxanthin, astaxanthin, beta-carotene, canthaxanthin, lutein,
lycopene, and others.
lutein segment, because of type, is predictable to grow at the highest CAGR, in
terms of value, during the estimate period. Lutein is produced by plants and
found in some of the main food items, such as egg yolks, carrot, pepper,
spinach, kale, squash, and grapes. It is used in both, human diet and animal
nutrition products. Its wide suitability due to its ability to treat
age-related eye complaints, including cataracts and macular degeneration, is a
key issue motivating its demand.
the basis of application, the market is divided into animal feed, food &
beverages, dietary supplements, cosmetics, and pharmaceuticals. Carotenoids are
widely used in animal nutrition products due to their tinting properties and
combined in food to pigment the egg yolks, broiler skin, fishes, and
crustaceans. These also aid in growing the resistance and refining the health
of livestock by augmenting the excellence of nutrition.
Global Carotenoids Market is divided into natural and synthetic due to Form.
Global Carotenoids Market is segmented based on formulation; the beadlet
segment is projected to control the carotenoids market in 2019. Carotenoid
beadlets are free-flowing circular particles industrialized from sprig drying
technology. They are usually wrapped in an aluminum foil bag and kept in a cool
and dry place away from direct heat, light, oxygen. Some of the other chief
welfares of using beadlet formulations include augmented stability, cold-water
diffusion, and improved shelf life.
Global Carotenoids Market:
the Global Carotenoids Market is divided into North America, Europe,
Asia-Pacific, and LAMEA regions. North America and Europe
have the prime carotenoid market, due to the increasing demand for fresh label
foods and health awareness. Moreover, in the United Kingdom, the growing food
security worries are forcing manufacturing to accept clean labels, which is
activating the request for natural colors. Asia-Pacific is a developing market,
as an increasing number of customers are taking preventive procedures in the
form of health additions to avoid diseases. Changes in lifestyle and food
intake amid customers have also managed the development of the carotenoid
market in the Asia-Pacific region. Due to the increase in the medicinal and
energy industries, South America has also shown significant growth.
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), and Divi’s Laboratories (India) and other
June 2019, DDW the Color House acquired Du Pont Natural Colors (Denmark) to
enhance the occurrence of the company in the worldwide market. This acquisition
would also help it expand its portfolio with new products.
April 2019, Döhler Group acquired a mainstream of shares in Zumos Catalano
Aragoneses S.A. (ZUCASA), which is based in Spain. This would help the company
to increase its existence in the fruits and carotenoids section.
April 2019, ExcelVite Sdn. Bhd. collaborated with US Pharmacopeia (US) to
publish a new plant carotenes monograph. It was industrialized based on mixed
carotene complex, EVTene. The periodical of this book would reinstate the
efforts of the company to meet the high ingredient standards.
By Product Type
Food & Beverages
Ø By Region
East & Africa
The objective of
analyze and forecast the Global Carotenoids Market size of the market in terms
examine the careful market segmentation and forecast the market size, in terms
of value, based on the region by segmenting.
Global Carotenoids Market segmented into five regions, namely, North America,
Europe, Asia Pacific, Middle East, South America, and their leading countries.
outline, categorized, and forecast the Global Carotenoids Market based on the Type,
Application, By Source, By Formulation and Regional.
examine competitive developments like by Type, By Application, By Source, By
Formulation, Regional within the Global Carotenoids Market.
highlight the impact analysis of the factors affecting the market dynamics such
as growth drivers.
strategically profile the key players and comprehensively analyze their market
shares along with detailing the competitive landscape for market leaders.
Business Questions Answer by the
Ø How will the
market drivers, restraints, and opportunities affect the market dynamics?
Ø What will be the
market size in terms of value and volume and market statistics with a detailed
Ø Which segment
dominates the market or region, and one will be the fastest - growing, and why?
Ø A comprehensive
survey of the competitive landscape and the market participant players
Ø Analysis of
strategy adopted by the key player and their impact on other players.
Customization Scope for the Client
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Consulting offers customization according to Company’s specific needs. The
following customization options are available for the report:
Additional Company Information
Ø With five
additional company detail analysis
Ø Detailed segment