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Carotenoids Market by Type, Source, Application, & by Region - Global Trends & Forecasts to 2021

Carotenoids Market: Forecasts until 2021

  • July 2016
  • 173 pages
  • ID: 2719827
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"Global carotenoids market forecasted to grow at a CAGR (Compound annual growth rate) of ~3.8 percent"

The overall carotenoids market is estimated to grow a value of ~$1.5B by 2021, increasing at a compound annual growth rate (CAGR) of ~3.8 percent from 2016 to 2021. The sector is influenced by Elements such as growing health consciousness among the customers, increasing end-use applications of carotenoids, and rising preference for natural coloration. The industrialization of pork, poultry, and aquaculture business and the increasing focus on the quality and appearance of meat, meat products, and fish are factors driving the demand of carotenoids in the animal feed market.

"Astaxanthin recorded for the largest part of market share in 2015 among the types of carotenoids"

On the basis of class, carotenoids are divided into astaxanthin, beta-carotene, lutein, lycopene, canthaxanthin, and zeaxanthin. Among these, astaxanthin recorded for the biggest market share in 2015, succeeded by beta-carotene and lutein. Astaxanthin is used on a big scale due to its functional qualities, easy availability, and application in almost all the industrial markets.

"Animal feed segment led the industry with the biggest market share in 2015"

On the basis of application type, the carotenoids market is led by the feed segment, succeeded by the supplements and food segments. The industry demand for carotenoids in animal feed is growing due to the rising preference for good quality and appearance of meat, meat products, and fish. Together with adding nutrients to the feed, carotenoids also increases the palatability of feed.

"Europe (EU) controled the sector with the biggest share"

EU formed the biggest market for carotenoids in 2015, because North America (NA) recorded for the second-largest market share in 2015, and is expected to grow at the highest compound annual growth rate (CAGR) from 2016 to 2021. The overall carotenoids market is broken down region-wise, with An in-depth study of each area by studying the main sectors. These areas contain North America continent, Europe (EU), Asia Pacific (APAC), Latin America area, and the Rest of the globe.

Distribution of profile of primary members taking part

- By Company category: Tier 1 - 36 %, Tier 2 - 42.0 percent, and Tier 3 - 22.0 percent

- By Description: C-suite - 69.0 percent, Grade of manager - 31.0 percent

- By area: North america (NA) - 22.0 percent, Europe - 56.0 percent, Asia-Pacific - 19.0 percent, RoW - 3.0 percent

Top players identified in the carotenoids market contain BASF SE, Royal DSM N.V., Chr. Hansen A/S, FMC Corporation, Kemin Industries, Inc., and Cyanotech Corporation. Together with these firms, the other actors that have a strong presence in the carotenoids market contain D.D. Williamson & Co., Inc. Allied Biotech Corporation, ExcelVite Sdn. Bhd., and Döhler Group.

Why acquiring this study can help you:

From an insight prospect, this market research has emphasized several levels of analysis - industry, market share research of top players, supply chain research, and company descriptions, which together comprise and examine the basic overviews on the competitive landscape; coming out and high-growth segments of the carotenoids market; high-growth areas; and sector drivers, market restraints, and alternatives.

This study furnishes highlights on the following points:

- Business entry: Exhaustive information on carotenoids provided by the top actors in the overall carotenoids market

- Product improvement/Innovative products: In-depth understanding on up-on-coming technologies, analysis & growth activities, and recent product launches in the carotenoids market

- Industry development: Highlighted information about profitable emerging sectors - the market research examines the industries for carotenoids across localities

- Industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the overall carotenoids market

- Opposing assessment: Detailed assessment of market shares, strategies, products, and manufacturing competences of the key players in the overall carotenoids market

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