Global Carotenoid Market Analysis, Growth, Trends & Forecast 2018-2023, With an Expected CAGR of 4% - ResearchAndMarkets.com

DUBLIN--()--The "Global Carotenoid Market - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The global carotenoid market is projected to reach USD 2,070 million by 2023, registering a CAGR of 4% from 2018 to 2023.

The key driver that has led to the growth of the carotenoid market is strong growth in end-use industries like animal feed, food & beverages, dietary supplements, and pharmaceuticals. Other factors include rising health ailments like obesity and nutrient deficiency and changing consumer preferences towards natural nutritional supplements.

There is an increasing demand among consumers for clean and natural products that are made from natural supplements and colors. This has forced manufacturers to work on the extraction of carotenoid via natural means.

The carotenoid market is segmented by type, source, and application. By type, carotenoids are further sub-segmented into beta-carotene, astaxanthin, lutein, annatto, canthaxanthin, lycopene, zeaxanthin, and others. Among these, beta-carotene is estimated to have the fastest growth during the forecast period. It is widely used for food coloring and as a natural supplement.

North America and Europe have the largest carotenoid market. Asia-Pacific is an emerging market, as an increasing number of consumers are adopting preventive measures in the form of health supplements to prevent diseases. Changes in lifestyle and food consumption among consumers have also led to the growth of the carotenoid market in the Asia-Pacific region.

Companies Mentioned

  • Algatechnologies Ltd
  • Allied Biotech Corp
  • Aquacarotene Ltd
  • BASF SE
  • Valensa International Llc
  • Chr. Hansen A/S
  • Cyanotech Corporation
  • DDW
  • The Color House
  • Sensient Technologies Corporation
  • EID Parry Ltd
  • Excelvite SDN. BHD.
  • Farbest Brands
  • FMC Corporation
  • Sensient Technologies Corporation
  • Kemin Industries Inc.
  • Koninklijke DSM NV

Key Topics Covered:

1. Introduction

2. Research Approach & Methodology

3. Market Overview

4. Market Overview

5. Porter's Five Force Analysis

6. Market Segmentation

7. Competitive Landscape

8. Company Profiles

9. Appendix

For more information about this report visit https://www.researchandmarkets.com/research/hhcphc/global_carotenoid?w=4

Contacts

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Laura Wood, Senior Manager
press@researchandmarkets.com
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Related Topics: Food Additive Chemicals

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Food Additive Chemicals