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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

Published: Sep-2016 | Format: PDF | Zion | Number of pages: 110 | Code: MRS - 76031

The market study includes profound analysis on carotenoids on a global and regional level. The study gives historic data of carotenoids industry along with a forecast for the year 2016 to 2021 based on revenue (USD Billion). The report comprises a complete view of the market with the review of market drivers, restraint, and opportunities in the market. This report gives valuable insights and assistance to the various industry players. This research study gives an analysis of leading market trends and an array of exhaustive forecasts on a global level.

In this study, we have included comprehensive analysis on the carotenoids market and an in-depth segmentation of carotenoids market. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the carotenoids market has also been included. The study encompasses a market attractiveness analysis, wherein type, application, and regional segments are benchmarked based on their market size, growth rate, and general attractiveness.

The report includes a further split of total carotenoids market on the basis of different type, application, and region. The report provides a decisive view on the carotenoids market based on the application include feed, food, supplements, cosmetics, and pharmaceuticals applications. This segment has been analyzed based on present and future trends and the market is estimated from 2015 to 2021. North America, Europe & Middle East and Africa and Asia-Pacific are the main regions covered in this report with its further segregate into major countries such as United States, UK, Germany, Japan, and China for carotenoids market. This segmentation includes demand for carotenoids based on individual applications in all the regions.

The report provides detailed competitive outlook including market share and company profiles of the key players operating in the global carotenoids market. Some of the key participants in the report include BASF SE, Royal DSM N.V. Chr. Hansen A/S, FMC Corporation, Kemin Industries, Inc., Cyanotech Corporation, Allied Biotech, Brenntag, Cognis, Carotech, D.D.Williamson, and Divis Laboratorie.

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
  • Middle East and Africa
  • Chapter 1. Introduction
    • 1.1. Report description
    • 1.2. Market segmentation
      • 1.2.1. Global carotenoids market segmentation
    • 1.3. Research methodology
    • 1.4. Abbreviations
  • Chapter 2. Executive Summary
    • 2.1. Global carotenoids market, 2015 – 2021 ( (USD Billion)
    • 2.2. Carotenoids: Market snapshot (2015 and 2021)
  • Chapter 3. Carotenoids – Global Analysis
    • 3.1. Carotenoids: Market dynamics
    • 3.2. Market drivers
      • 3.2.1. Growing awareness regarding carotenoids health benefits
      • 3.2.2. Growing demand for natural colorants
    • 3.3. Market restraints
      • 3.3.1. Stringent government regulations and approval norms
    • 3.4. Market opportunities
      • 3.4.1. Growing demand of naturally sourced carotenoids
    • 3.5. Porter’s five force analysis
    • 3.6. Carotenoids: Market attractiveness analysis
  • Chapter 4. Carotenoids Market: Competitive Landscape (Subject to data availability)
    • 4.1. Company market share analysis, 2015
      • 4.1.1. Global Carotenoids Market: Company Market Share, 2015
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & Mergers
      • 4.2.2. New Product Launch
      • 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
      • 4.2.4. Research and Development, Product and Regional Expansion
  • Chapter 5. Carotenoids: Type Analysis
    • 5.1. Global carotenoids market: type overview
      • 5.1.1. Global carotenoids market share, by type, 2015 and 2021
    • 5.2. Astaxanthin
      • 5.2.1. Global carotenoids market share, by astaxanthin, 2015 and 2021 (USD Billion)
    • 5.3. Beta-carotene
      • 5.3.1. Global carotenoids market share, by beta-carotene, 2015 and 2021 (USD Billion)
    • 5.4. Lutein
      • 5.4.1. Global carotenoids market share, by lutein, 2015 and 2021 (USD Billion)
    • 5.5. Lycopene
      • 5.5.1. Global carotenoids market share, by lycopene, 2015 and 2021 (USD Billion)
    • 5.6. Canthaxanthin
      • 5.6.1. Global carotenoids market share, by canthaxanthin, 2015 and 2021 (USD Billion)
    • 5.7. Zeaxanthin
      • 5.7.1. Global carotenoids market share, by zeaxanthin, 2015 and 2021 (USD Billion)
    • 5.8. Others
      • 5.8.1. Global carotenoids market share, by others, 2015 and 2021 (USD Billion)
  • Chapter 6. Carotenoids: Application Analysis
    • 6.1. Global Carotenoids market: Application Overview
      • 6.1.1. Global carotenoids market revenue share, by application, 2015 and 2021
    • 6.2. Feed
      • 6.2.1. Global carotenoids market for feed application, 2015 - 2021 (USD Billion)
    • 6.3. Food
      • 6.3.1. Global carotenoids market for food application, 2015 - 2021 (USD Billion)
    • 6.4. Supplements
      • 6.4.1. Global carotenoids market for supplements, 2015 - 2021 (USD Billion)
    • 6.5. Cosmetics
      • 6.5.1. Global carotenoids market for cosmetics application, 2015 - 2021 (USD Billion)
    • 6.6. Pharmaceuticals
      • 6.6.1. Global carotenoids market for pharmaceuticals applications, 2015 - 2021 (USD Billion)
  • Chapter 7. Carotenoids Market: Regional Analysis
    • 7.1. Global Carotenoids Market: Regional Overview
      • 7.1.1. Global Carotenoids market revenue share, by region, 2015 and 2021
    • 7.2. North America
      • 7.2.1. North America carotenoids market revenue, by type, 2015 - 2021 (USD Billion)
      • 7.2.2. North America carotenoids market revenue, by application, 2015 - 2021 (USD Billion)
      • 7.2.3. U.S.
        • 7.2.3.1. U.S. carotenoids market revenue, by type, 2015 – 2021 (USD Billion)
        • 7.2.3.2. U.S. carotenoids market revenue, by application, 2015 – 2021 (USD Billion)
    • 7.3. Europe
      • 7.3.1. Europe carotenoids market revenue, by type, 2015 - 2021 (USD Billion)
      • 7.3.2. Europe carotenoids market revenue, by application, 2015 - 2021 (USD Billion)
      • 7.3.3. Germany
        • 7.3.3.1. Germany carotenoids market revenue, by type, 2015 – 2021 (USD Billion)
        • 7.3.3.2. Germany carotenoids market revenue, by application, 2015 – 2021 (USD Billion)
      • 7.3.4. France
        • 7.3.4.1. France carotenoids market revenue, by type, 2015 – 2021 (USD Billion)
        • 7.3.4.2. France carotenoids market revenue, by application, 2015 – 2021 (USD Billion)
      • 7.3.5. UK
        • 7.3.5.1. UK carotenoids market revenue, by type, 2015 – 2021 (USD Billion)
        • 7.3.5.2. UK carotenoids market revenue, by application, 2015 – 2021 (USD Billion)
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific carotenoids market revenue, by type, 2015 - 2021 (USD Billion)
      • 7.4.2. Asia Pacific carotenoids market revenue, by application, 2015 - 2021 (USD Billion)
      • 7.4.3. China
        • 7.4.3.1. China carotenoids market revenue, by type, 2015 – 2021 (USD Billion)
        • 7.4.3.2. China carotenoids market revenue, by application, 2015 – 2021 (USD Billion)
      • 7.4.4. Japan
        • 7.4.4.1. Japan carotenoids market revenue, by type, 2015 – 2021 (USD Billion)
        • 7.4.4.2. Japan carotenoids market revenue, by application, 2015 – 2021 (USD Billion)
      • 7.4.5. India
        • 7.4.5.1. India carotenoids market revenue, by type, 2015 – 2021 (USD Billion)
        • 7.4.5.2. India carotenoids market revenue, by application, 2015 – 2021 (USD Billion)
    • 7.5. Latin America
      • 7.5.1. Latin America carotenoids market revenue, by type, 2015 - 2021 (USD Billion)
      • 7.5.2. Latin America carotenoids market revenue, by application, 2015 - 2021 (USD Billion)
      • 7.5.3. Brazil
        • 7.5.3.1. Brazil carotenoids market revenue, by type, 2015 – 2021 (USD Billion)
        • 7.5.3.2. Brazil carotenoids market revenue, by application, 2015 – 2021 (USD Billion)
    • 7.6. Middle East and Africa
      • 7.6.1. Middle East and Africa carotenoids market revenue, by type, 2015 - 2021 (USD Billion)
      • 7.6.2. Middle East and Africa carotenoids market revenue, by application, 2015 - 2021 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1. BASF SE
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product Portfolio
      • 8.1.4. Business Strategy
      • 8.1.5. Recent Development
    • 8.2. DSM
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Product Portfolio
      • 8.2.4. Business Strategy
      • 8.2.5. Recent Development
    • 8.3. Chr. Hansen A/S
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Product Portfolio
      • 8.3.4. Business Strategy
      • 8.3.5. Recent Development
    • 8.4. FMC Corporation
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Product Portfolio
      • 8.4.4. Business Strategy
      • 8.4.5. Recent Development
    • 8.5. Kemin Industries, Inc.
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Product Portfolio
      • 8.5.4. Business Strategy
      • 8.5.5. Recent Development
    • 8.6. Cyanotech Corporation
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Product Portfolio
      • 8.6.4. Business Strategy
      • 8.6.5. Recent Development
    • 8.7. Allied Biotech
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Product Portfolio
      • 8.7.4. Business Strategy
      • 8.7.5. Recent Development
    • 8.8. Brenntag
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Product Portfolio
      • 8.8.4. Business Strategy
      • 8.8.5. Recent Development
    • 8.9. Cognis
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Product Portfolio
      • 8.9.4. Business Strategy
      • 8.9.5. Recent Development
    • 8.10. Carotech
      • 8.10.1. Overview
      • 8.10.2. Financials
      • 8.10.3. Product Portfolio
      • 8.10.4. Business Strategy
      • 8.10.5. Recent Development
    • 8.11. D.D.Williamson
      • 8.11.1. Overview
      • 8.11.2. Financials
      • 8.11.3. Product Portfolio
      • 8.11.4. Business Strategy
      • 8.11.5. Recent Development
    • 8.12. Divis laboratories
      • 8.12.1. Overview
      • 8.12.2. Financials
      • 8.12.3. Product Portfolio
      • 8.12.4. Business Strategy
      • 8.12.5. Recent Development

List of Tables

1. Carotenoids: Global snapshot
2. Drivers for carotenoids market: Impact analysis
3. Restraints for carotenoids market: Impact analysis
4. North America carotenoids market revenue, by type, 2015 - 2021 (USD Billion)
5. North America carotenoids market revenue, by application, 2015 - 2021 (USD Billion)
6. U.S. carotenoids market revenue, by type, 2015 - 2021 (USD Billion)
7. U.S. carotenoids market revenue, by application, 2015 - 2021 (USD Billion)
8. Europe carotenoids market revenue, by type, 2015 - 2021 (USD Billion)
9. Europe carotenoids market revenue, by application, 2015 - 2021 (USD Billion)
10. Germany carotenoids market revenue, by type, 2015 - 2021 (USD Billion)
11. Germany carotenoids market revenue, by application, 2015 - 2021 (USD Billion)
12. France carotenoids market revenue, by type, 2015 - 2021 (USD Billion)
13. France carotenoids market revenue, by application, 2015 - 2021 (USD Billion)
14. UK carotenoids market revenue, by type, 2015 - 2021 (USD Billion)
15. UK carotenoids market revenue, by application, 2015 - 2021 (USD Billion)
16. Asia Pacific carotenoids market revenue, by type, 2015 - 2021  (USD Billion)
17. Asia Pacific carotenoids market revenue, by application, 2015 - 2021 (USD Billion)
18. China carotenoids market revenue, by type, 2015 - 2021 (USD Billion)
19. China carotenoids market revenue, by application, 2015 - 2021 (USD Billion)
20. Japan carotenoids market revenue, by type, 2015 - 2021 (USD Billion)
21. Japan carotenoids market revenue, by application, 2015 - 2021 (USD Billion)
22. India carotenoids market revenue, by type, 2015 - 2021 (USD Billion)
23. India carotenoids market revenue, by application, 2015 - 2021 (USD Billion)
24. Latin America carotenoids market revenue, by type, 2015 - 2021  (USD Billion)
25. Latin America carotenoids market revenue, by application, 2015 - 2021 (USD Billion)
26. Brazil carotenoids market revenue, by type, 2015 - 2021 (USD Billion)
27. Brazil carotenoids market revenue, by application, 2015 - 2021 (USD Billion)
28. Middle East and Africa carotenoids market revenue, by type, 2015 - 2021  (USD Billion)
29. Middle East and Africa carotenoids market revenue, by application, 2015 - 2021  (USD Billion)


List of Figures

1. Global carotenoids market segmentation by type, application, and geography
2. Global carotenoids  market, 2015 - 2021 (USD Billion)
3. Porter’s five forces analysis: carotenoids market
4. Market attractiveness analysis by type segment  
5. Market attractiveness analysis by application segment
6. Market attractiveness analysis by regional segment
7. Global carotenoids market : company market share, 2015
8. Price Trend Analysis : Carotenoids Market  
9. Global carotenoids market share, by type, 2015 -2021
10. Global carotenoids market for astaxanthin, 2015 - 2021 (USD Billion)
11. Global carotenoids market for beta-carotene, 2015 - 2021 (USD Billion)
12. Global carotenoids market for lutein, 2015 - 2021 (USD Billion)
13. Global carotenoids market for lycopene, 2015 - 2021 (USD Billion)
14. Global carotenoids market for canthaxanthin, 2015 - 2021 (USD Billion)
15. Global carotenoids market for zeaxanthin, 2015 - 2021 (USD Billion)
16. Global carotenoids market for others, 2015 - 2021 (USD Billion)
17. Global carotenoids market share, by application,2015 -2021
18. Global carotenoids market for feed, 2015 - 2021 (USD Billion)
19. Global carotenoids market for food, 2015 - 2021 (USD Billion)
20. Global carotenoids market for supplements, 2015 - 2021 (USD Billion)
21. Global carotenoids market for cosmetics, 2015 - 2021 (USD Billion)
22. Global carotenoids market for pharmaceuticals, 2015 - 2021 (USD Billion)
23. Global carotenoids market share, by region, 2015 - 2021
24. North America carotenoids market, 2015 - 2021, (USD Billion)
25. U.S. carotenoids market, 2015 - 2021, (USD Billion)
26. Europe carotenoids market, 2015 - 2021, (USD Billion)
27. UK carotenoids market, 2015 – 2021, (USD Billion)
28. France carotenoids market, 2015 - 2021, (USD Billion)
29. Germany carotenoids market, 2015 - 2021, (USD Billion)
30. Asia Pacific carotenoids market, 2015 – 2021, (USD Billion)
31. China carotenoids market, 2015 - 2021, (USD Billion)
32. Japan carotenoids market, 2015 – 2021, (USD Billion)
33. India carotenoids market, 2015 - 2021, (USD Billion)
34. Latin America carotenoids market, 2015-2021, (USD Billion)
35. Brazil carotenoids market, 2015 - 2021, (USD Billion)
36. Middle East & Africa carotenoids market, 2015 - 2021, (USD Billion)

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Zion Market Research uses the synergy of combination of both primary research and secondary research for its research reports. For this study, we have conducted extensive primary research, wherein we have conducted in-depth interviews of the key opinion leader of this industry. Primary research make up for the biggest chunk of our data sources in addition to secondary research.

We referred to product literature of leading industry participants, annual reports, press releases, government publications, and other relevant sources for data collection and analysis thereof. Secondary research also includes a search of recent trade journals, technical writing, internet sources, and statistical data from government websites, trade associations and agencies.

Zion Research has collected key data related to the Carotenoids Market and analyzed these data using a variety of methods. The market dynamics have been ascertained following a detailed study of the micro, meso, and macroeconomic indicators of the market.

This report is based on in-depth qualitative and quantitative analyses of the Global Carotenoids Market. The quantitative analysis involved the application of various projection and sampling techniques. The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions.

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically partake in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Based on the research results and technical insights thus gathered, Zion research analysts have provided a comprehensive analysis of the varied aspects of the market. The impact of global economic conditions and other macroeconomic indicators was also considered when assessing the market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Carotenoids are natural fat-soluble pigments accountable for the orange, yellow and, red colors of plant leaves, flowers, and fruits. It is also responsible for the color of a feather, fish flesh, and skin, crustacean shells etc. Naturally, more than 620 carotenoids have been identified and characterized, but only up to 50 nutritional carotenoids from vegetables & fruits may be absorbed and metabolized by the human body. Carotenoids are essential factors in human health. The important role of beta-carotene and others as the main nutritional source of vitamin A has been known for many years. Beta-carotene is one of the most common carotenoids and is used broadly in the food industry as a food coloring agent. It can be extracted from a number of sources including algae; carrot and palm oil, or produced by the fermentation of microorganisms.  

The worldwide market for carotenoids is witnessing steady growth owing to growing awareness regarding its health benefits. Furthermore, increasing demand for natural colorants is also one of the key factors driving the market growth. Nevertheless, budding economies of China, India, and Brazil offer the huge market potential for carotenoid in the near future.

Global Carotenoids Market

Key applications segment of the carotenoids market includes feed, food, supplements, cosmetics, and pharmaceuticals. Carotenoids market was dominated by the animal feed segment in 2015 and this trend is projected to remain the same in the forecast period. Carotenoids are mainly used in animal feed due to their high nutritive value and the presence of pigmentation in it. Pigmentation increases the tastiness of the feed as well as improves the appearance of meat and fish products.

On the basis of type, carotenoids market is classified into astaxanthin, beta-carotene, lutein, lycopene, canthaxanthin, zeaxanthin and others. The carotenoids market led the market in 2015 which was followed by astaxanthin type and beta-carotene and lutein. Astaxanthin is utilized on a large scale due to its functional qualities such as easy availability, and application in various industrial sectors. The beta-carotene segment is expected to be the fastest-growing type segment over the coming years in the carotenoids market due to its growing application in the food business. Algae-derived beta-carotene is anticipated to witness robust demand in the food and supplements end-use sector.

Europe accounted for the largest market share in carotenoids market, followed by North America and Asia-Pacific in 2015. The market in the region is mainly driven by rising awareness about the advantages of carotenoids among manufacturers and consumers. Asia-Pacific is expected to witness significant growth within forecast period owing to the strong growth of the end-use industries such as food supplements and nutraceuticals. Additionally, Latin America is also anticipated to witness substantial growth due to promising pharmaceutical and cosmetic industries in Brazil.

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.


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