Carotenoids Market set to grow according to forecasts – key player Allied Biotech Corporation, BASF SE, Chr. Hansen Holding A/S, Cyanotech Corporation, DDW The Colour House
Carotenoids are the compounds naturally found in the fruits and are also responsible for the red, orange and yellow color of the fruits. It is mainly obtained from a natural and synthetic source. For commercial applications, the carotenoids are produced from synthetic sources. Carotenoids vary in concentration and proportions on the basis of source it is obtained. Carotenoids used as natural food colors include annatto, beta-carotene, paprika, lycopene, lutein, carrot oil and saffron. These compounds have good heat stability and can also handle high-pressure extraction processing. Carotenoids work best in pH above 3.5 and have good pH stability in high pH. However, carotenoids can be degraded by light, low pH, oxygen and enzymes.
The carotenoids market is growing at a faster pace owing to factors such as increasing use of carotenoids in developing an alternative treatment for various diseases, including eye disorders, diabetes, cancer and aging, has boosted their popularity among consumers. Moreover, rising demand for natural colorants and rising awareness about the medicinal applications of carotenoids boost the carotenoids market over the forecast period. However, the harmful effects of high doses of carotenoids and stringent regulatory and approval norms are the key factors restraining the growth of the carotenoids market. Growing demand for naturally sourced carotenoids can provide a growth opportunity for the market players in the near future.
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Leading Carotenoids Market Players:
- Allied Biotech Corporation
- BASF SE
- Chr. Hansen Holding A/S
- Cyanotech Corporation
- DDW The Colour House
- Divi’s Laboratories Limited
- ExcelVite Inc.
- Kemin Industries, Inc.,
- Koninklijke DSM N.V.
The global carotenoids market is segmented on the basis of product, source and application. On the basis of product the global carotenoids market is segmented into astaxanthin, capsanthin, lutein, beta-carotene, lycopene and others. Based on source, the global carotenoids market is bifurcated into natural and synthetic. Based on application, the global carotenoids market is catagorised into, animal feed, human food, dietary supplement and others.
An exclusive Carotenoids Market research report has been fabricated through the in depth analysis of the market dynamics across five regions such as North America, Europe, South America, Asia-Pacific, Middle East and Africa. The segmentation of the market by type, application, and region was done based on the thorough market analysis and validation through extensive primary inputs from industry experts, key opinion leaders of companies, and stakeholders) and secondary research (global/regional associations, trade journals, technical white papers, company’s website, annual report SEC filing, and paid databases). Further, the market has been estimated by utilizing various research methodologies and internal statistical model.
Carotenoids Market report also provide a thorough understanding of the cutting-edge competitive analysis of the emerging market trends along with the drivers, restraints, challenges, and opportunities in the Carotenoids Market to offer worthwhile insights and current scenario for making right decision. The report covers the prominent players in the market with detailed SWOT analysis, financial overview, and key developments of the products/services from the past three years. Moreover, the report also offers a 360º outlook of the market through the competitive landscape of the global industry player and helps the companies to garner Carotenoids Market revenue by understanding the strategic growth approaches.
Carotenoids Market – Global Analysis to 2027 is an exclusive and in-depth study which provides a comprehensive view of the market includes the current trend and future amplitude of the market with respect to the products/services. The report provides an overview of the Carotenoids Market with the detailed segmentation by type, application, and region through in-depth traction analysis of the overall Carotenoids industry. This report provides qualified research on the market to evaluate the key vendors by calibrating all the relevant products/services to understand the positioning of the major players in Carotenoids Market.
The report is a combination of qualitative and quantitative analysis of the Carotenoids industry. It provides market estimation and forecasting of the Carotenoids market for the period of 2019 to 2027, considering 2018 as the base year and 2019-2027 as the forecast period. The global market majorly considers five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America (SACM). The report also focuses on the exhaustive PEST analysis and extensive market dynamics during the forecast period.
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