Global Carotenoids Market Is Expected To Reach Around USD 1.52 Billion in 2021

Global Carotenoids Market Is Expected To Reach Around USD 1.52 Billion in 2021

Published: 13-Sep-2016 | Published By: Market Research Store

Zion Market Research has published a new report titled “Carotenoids Market by Type (Astaxanthin, Beta-carotene, Lutein, Lycopene, Canthaxanthin, Zeaxanthin, and Others) for Feed, Food, Supplements, Cosmetics, and Pharmaceuticals - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2015 – 2021”. According to the report, global carotenoids market is expected to reach USD 1.52 billion in 2021 and is anticipated to grow at a CAGR of 3.5% between 2016 and 2021.

Carotenoids are natural pigments found mainly in plants, algae, and few bacteria. Carotenoids have been considered as powerful antioxidant and vitamin A source. Beta-carotene, lycopene, and lutein are all different varieties of carotenoids. Antioxidants guard cells from substances that destroy DNA & cell membrane and free radicals. It also has anti-inflammatory and immune system benefits and is sometimes related to heart disease prevention.

Browse the full "Carotenoids Market by Type (Astaxanthin, Beta-carotene, Lutein, Lycopene, Canthaxanthin, Zeaxanthin, and Others) for Feed, Food, Supplements, Cosmetics, and Pharmaceuticals - Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021" report at http://www.marketresearchstore.com/report/carotenoids-market-z76031

Carotenoids are essential factors in human health and essential for vision. Potential protective effects of carotenoids against degenerative eye diseases and other deficiency-related disorders have been recognized. Hence, a sufficient intake of carotenoids is vital for preventing the development of deficiency-related diseases.

Global Carotenoids Market

Carotenoids market is driven by several factors like growing consumer preference for healthy products and the commercial reach of carotenoids in feeds and supplements. The antioxidative feature and health benefits of carotenoids are expected to boost the demand for carotenoids in medical sectors in coming years. The rising occurrence of severe diseases is also escalating the function of carotenoids in several food supplements.

Global carotenoids market is segmented based on type, application, and region. Type segment includes astaxanthin, beta-carotene, lutein, lycopene, canthaxanthin, zeaxanthin, and others. There is a huge demand for carotenoids around the world, particularly for beta-carotene, lutein, and astaxanthin. Health benefits in feed and food have increased the consumption of these carotenoids and are anticipated to follow the same trend for the years to come. Feed, food, supplements, cosmetics, and pharmaceuticals are the application segment of the carotenoids market. Carotenoids are only found in plants and cannot be synthesized by animals; hence the nutrient requirement of carotenoids is fulfilled by their diets. Supplements segment is expected to witness the fastest growth rate followed by the cosmetics segment in the forecast period.

Europe dominated the carotenoids market in 2015 followed by North America. Asia Pacific is a major consumer and producer of carotenoids owing to cheap labor cost, availability of abundant raw material, and capabilities to produce carotenoids meeting the global standard and demand.

The market for carotenoids is highly competitive due to the presence of numerous players.  BASF SE, DSM, Chr. Hansen A/S, FMC Corporation, Kemin Industries, Inc., Cyanotech Corporation, Allied Biotech, Brenntag, Cognis, Carotech, D.D.Williamson, and Divis Laboratorie are some of the leading players in the carotenoids market.

The report segments the global carotenoids market as

Global Carotenoids Market: Type Segment Analysis

  • Astaxanthin
  • Beta-carotene
  • Lutein
  • Lycopene
  • Canthaxanthin
  • Zeaxanthin
  • Others

Global Carotenoids Market: Application Segment Analysis

  • Feed
  • Food
  • Supplements
  • Cosmetics
  • Pharmaceuticals

Global Carotenoids Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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