The Global Carotenoids Market size is projected to reach USD 1168.7 Million by 2027, from USD 1127.5 Million in 2019, at a CAGR of 1% during the forecast period 2021-2027.
Carotenoids are commonly found in microorganisms, algae, and higher plant and some animal species. They provide bright yellow, red and orange colors and protect these species from the harmful effects of light, air, and sensitizer pigments. Carotenoids are mainly used as a food coloring. However, with advances in biotechnology and recombinant DNA technology, carotenoid extraction is more commercially feasible than ever before. This has led to increased production of carotenoid-based products.
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A full report of Global Carotenoids Market is available at: https://www.orionmarketreports.com/carotenoids-market/58443/
Market Segments
Based on type
- Astaxanthin
- Beta-carotene
- Lutein
- Lycopene
- Canthaxanthin
- Zeaxanthin
- Other types (capsanthin, annatto, alpha-carotene, and apocarotenal)
Based on application
- Feed
- Food & beverages
- Dietary supplements
- Cosmetics
- Pharmaceuticals
Based on formulations
- Oil suspension
- Powder
- Beadlet
- Emulsion
Key Players
Key players in the market include Koninklijke DSM (Netherlands), BASF (Germany), Chr. Hansen (Denmark), Kemin Industries (US), Lycored Limited (Israel), Cyanotech Corporation (US), Fuji Chemical Industry Co Ltd. (Japan), Novus International (US), DDW The Color House (US), Dohler Group (Germany), Allied Biotech Corporation (Taiwan), E.I.D Parry (India), Farbest Brands (US), Excelvite Sdn. Bhd. (Malaysia)
Scope of the Report
The research study analyzes the global Carotenoids industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Carotenoids Market Report
1. What was the Carotenoids Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of the Carotenoids Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Carotenoids Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Carotenoids market.
- The market share of the global Carotenoids market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Carotenoids market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Carotenoids market.
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