Carotenoids Market Segmentation by Top Players, Type, and Application
07 June 2019, Global carotenoids market is expected to witness a massive growth with a staggering CAGR in the
forecast period. Carotenoids are basically organic pigments that are majorly
found in numerous microorganisms, algae, some animal species and plants. They
generally give out some bright colors like red, orange and yellow to protect
all these species from all the external harmful properties of air and light.
These days, carotenoids are more commercially feasible now due to the
recombinant DNA technology and rich advancements in biotechnology.
It is observed that there has been a
tremendous rise in the demand for natural and organic food as health inferences
and its sustainability has suddenly started increasing. Health-conscious people
have started consuming carotenoid supplements. These two major factors are
aiding the carotenoids market to grow massively.
But there are some health risks that are associated with
the carotenoid products. Excessive unregulated utilization of these products
can lead to health destructions and this is eventually impeding the market’s
development. But these days, carotenoids are being used to treat various
diseases such as diabetes, cancer, aging and eye disorders, and this is why
consumers have started preferring carotenoids. This factor will help the
carotenoids market to grow significantly in the forthcoming years.
The market is segmented on the basis of source (natural,
synthetic), product (beta-carotene, lutein, lycopene, astaxanthin, zeaxanthin
and canthaxanthin), application (food, supplements, feed, pharmaceuticals,
cosmetics) and region (North America, Europe, Asia Pacific, Central & South
America, Middle East & Africa)
 |
| Carotenoids Market |
Considering the product insights, beta-carotene has been
dominating the overall industry and will continue to grow in the near future as
well. The market size will stimulate in future as beta-carotenes are used as
antioxidants and colorants. It also acts a rich source of vitamin A in food,
cosmetics and medicines.
Looking at the insights of the sources, synthetic sources
have been generating a lot of dominance on the overall industry. But the market
has taken a drastic twist and now the natural sources are anticipated to
witness a tremendous growth in the near future as there is huge awareness among
consumers regarding health benefits and advantages of natural products.
Europe and North America hold most of the carotenoids
industry yet Asia Pacific is an emerging market and is predicted to show
significant growth in the forthcoming years as well. Due to the change in
lifestyle and food consumption among consumers, the carotenoids market in Asia
Pacific has been experiencing major growth. Followed with this, South America,
is also likely to be a part of growing industry.
Some of the major key players of the carotenoids market
are Royal DSM N.V., FMC Corporation, Doehler Group, EID Parry, ExcelVite,
Allied Biotech, BASF, Cyanotech Corporation, Farbest Brands, Guangzhou Leader
Bio-Technology, Chr. Hansen, Algatechnologies, Kemin Industries, DDW The Color
House and AquaCarotene. All the leading companies are including mergers and
acquisitions, partnerships and joint ventures to enhance the growth of the
market efficiently.
Browse
Related Category Market Reports @
Comments
Post a Comment