DUBLIN--(BUSINESS WIRE)--The "Carotenoids Market by Product Source and Application - Global Opportunity Analysis and Industry Forecast, 2018-2025" report has been added to ResearchAndMarkets.com's offering.
According to the report, the global carotenoids market was valued at $1,577 million in 2017 and is projected to reach $2,098 million by 2025, registering a CAGR of 3.6% from 2018 to 2025.
The health benefits of carotenoids in human food have become increasingly noticeable in the past few years, thus preventing several major health disorders. Higher dietary intake of carotenoids also helps the body to rejuvenate by promoting the growth of healthy cells and impede the growth of unhealthy ones. This has led to the greater consumption of carotenoids in human food, thus driving the market growth.
Moreover, increase in demand for natural colors in food processing, beverages, and cosmetics industry is anticipated to open new avenues for carotenoids manufacturers. However, stringent regulations on use of carotenoids in human food, threats of adulteration, and higher cost of naturally sourced carotenoids as compared to synthetic carotenoids are projected to hamper the market growth.
In 2017, animal feed application segment accounted for the highest market share in the global carotenoids market and is anticipated to remain dominant during the forecast period. Animals require carotenoids as their bodies cannot produce these essential nutrients. Thus, carotenoids are added to animal feed as they provide immunity against diseases, which in turn, is anticipated to drive the growth of the market during the forecast period.
Key Findings
- In 2017, animal feed application segment accounted for the highest market share and is expected to growth at the highest CAGR of 3.7%.
- Astaxanthin accounted for the highest market share in 2017 in terms of value and is projected to grow at a significant CAGR of 3.5%.
- In 2017, synthetic source of carotenoids accounted for the highest market share growing at a CAGR of 3.2%.
Key Topics Covered
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Carotenoids Market, by Product
Chapter 5: Carotenoids Market, by Source
Chapter 6: Carotenoids Market, by Application
Chapter 7: Carotenoids Market, by Region
Chapter 8: Company Profiles
- BASF SE (BASF Corporation)
- Koninklijke DSM N.V.
- Chr. Hansen Holding A/S
- Divis Laboratories Ltd.
- Cyanotech Corporation
- Kemin Industries Inc.
- DDW The Colour House
- Dhler Group
- Allied Biotech Corporation
- ExcelVite
For more information about this report visit https://www.researchandmarkets.com/research/mtjdk7/global_2_1bn?w=4
