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Global Carotenoids Market By Source, By Type, By Application, By Formulation, By Region, Forecast & Opportunities, 2025

New York, June 30, 2020 (GLOBE NEWSWIRE) -- announces the release of the report "Global Carotenoids Market By Source, By Type, By Application, By Formulation, By Region, Forecast & Opportunities, 2025" -

Global carotenoids market is expected to grow at a steady CAGR during the forecast period.The global carotenoids market is driven by the increased product demand from various end user industries such as pharmaceutical industry, cosmetic industry, among others.

Moreover, growing awareness among the consumers regarding the benefits of consumption of healthy food is anticipated to positively impact the growth of market during the forecast years. Also, increase in research and developmental activities is further expected to bolster the growth of market over the next few years.
The global carotenoids market is segmented based on source, type, application, formulation, company and region.Based on type, the market can be categorized into astaxanthin, beta-carotene, lutein, lycopene, canthaxanthin, and zeaxanthin and others.

Out of these, the lutein segment dominated the market in terms of largest market share during 2019 and is expected to maintain its leading position the market during the forecast years as well.This can be ascribed to its use in both, human nutrition as well as animal nutrition products.

Moreover, it is widely acceptable on account of its capability to treat age-related eye disorders such as cataracts and macular degeneration.This is estimated to contribute to the growing size of the segment over the coming years.

Beta-carotene segment is forecast to grow at a high pace during the next five years on account of its use as a colorant and antioxidant. Moreover, it also acts as a rich source of vitamin A in food, feed, dietary supplements, cosmetics, and medicines, which is anticipated to positively influence the growth of segment over the coming years.
Major players operating in the global carotenoids market include Koninklijke DSM, BASF, Chr. Hansen, Cyanotech Corporation, Allied Biotech Corporation, Lycored Limited, Kemin Industries, Fuji Chemical Industry Co Ltd., Novus International, Döhler Group, Excelvite Sdn. Bhd., DDW the Color House, Farbest Brands, Algatechnologies Ltd., Zhejiang NHU Co. Ltd., E.I.D. Parry, Divi’s Laboratories, Dynadis SARL, Vidya Europe SAS, einove SAS and others. The companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions, partnership, agreements, and new developments.

Years considered for this report:

Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021–2025

Objective of the Study:

• To analyze and estimate the market size of global carotenoids market from 2015 to 2018.
• To estimate and forecast the market size of global carotenoids market from 2019 to 2025 and growth rate until 2025.
• To classify and forecast global carotenoids market based on source, type, application, formulation, company and regional distribution.
• To identify dominant region or segment in the global carotenoids market.
• To identify drivers and challenges for global carotenoids market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global carotenoids market.
• To conduct pricing analysis for global carotenoids market.
• To identify and analyze the profile of leading players operating in global carotenoids market.
• To identify key sustainable strategies adopted by market players in global carotenoids market.
The analyst performed both primary as well as exhaustive secondary research for this study.Initially, the analyst sourced a list of manufacturers across the globe.

Subsequently, the analyst conducted primary research surveys with the identified companies.While interviewing, the respondents were also enquired about their competitors.

Through this technique, the analyst could include the manufacturers which could not be identified due to the limitations of secondary research. The analyst examined the manufacturers, distribution channels and presence of all major players across the globe.
The analyst calculated the market size of global carotenoids market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The analyst sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size.

Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst.

Key Target Audience:

• Carotenoids manufacturers, suppliers, distributors and other stakeholders
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to carotenoids
• Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, global carotenoids market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Global Carotenoids Market, By Source:
o Synthetic Carotenoids
o Natural Carotenoids
• Global Carotenoids Market, By Type:
o Astaxanthin
o Beta-Carotene
o Lutein
o Lycopene
o Canthaxanthin
o Zeaxanthin
o Others
• Global Carotenoids Market, By Application:
o Feed
o Food & Beverages
o Dietary Supplements
o Cosmetics
o Pharmaceuticals
• Global Carotenoids Market, By Formulation:
o Beadlet
o Powder
o Oil Suspension
o Emulsion
• Global Carotenoids Market, By Region:
o North America
- United States
- Canada
- Mexico
o Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
o Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
o Middle East & Africa
- South Africa
- Saudi Arabia
- Kuwait
o South America
- Brazil
- Argentina
- Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global carotenoids market.

Available Customizations:

With the given market data, we offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Read the full report:

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