In accordance with this study, the Global Carotenoids Market value registered in 2019 was close to USD XX BN and is predicted to outstretch revenue by USD XX BN in 2026 with a CAGR of XX% during the period of 2020-2026. In the report, the market has also been projected in terms of volume, from 2020 to 2026. The Carotenoids market is expected to increase from XX Tons in 2019 to XX Tons by 2026 with an anticipated CAGR of XX% between 2020 and 2026.
Carotenoids also called tetraterpenoids, are generally found in microorganisms, algae, and also in some animal species. Carotenoids provide bright yellow, red, and orange color and protect these species from the harmful effects of light, air, and sensitizer pigments. These are majorly used as food coloring agents. Carotenoid also has health benefits and can be used as carotenoid-based supplements and fortified foods. These foods can be used as a preventive measure against ailments like arthritis, diabetes, heart disease, obesity cancer, and others.
The rising demand for functional foods such as carotenoid-based supplements and fortified foods among consumers owing to its health benefits is primarily driving the market growth. Moreover, it’s increasing end-use applications in animal feed, dietary supplements, pharmaceuticals is also pushing the market value. On the downside, harmful effects on high doses of carotenoids could hinder the market growth.
The report has been created by using crucial tools such as Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis to help businesses around the globe navigate opportunities and challenges in the rapidly evolving marketplace with clarity. These tools also serve the detailed information of each application/product segment in the global market of carotenoids.
The study offers a decisive view of the global carotenoids market by segmenting it in terms of source, product, and application. The report analyzes these subsets with respect to the regional segmentation. This research study will prepare marketers for the evolving needs of their customers.
This section covers carotenoids market for the regions North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Regional segmentation has been done based on the present and future trends in the global carotenoids market along with the individual application segment across all the prominent region.
Global Carotenoids Market Share by Region (Representative Graph)
This research report also includes profiles of major companies operating in the global market. Some of the prominent players operating in the global carotenoids market are Allied Biotech, BASF SE, Brenntag AG, Chr. Hansen, Cyanotech Corp., DDW, Divis Laboratories, DSM Nutritional Products, ExcelVite Sdn. Bhd., Kemin Industries, Lycored, and Naturex SA. This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.
The projections featured in the report have been derived by using primary and secondary research. Secondary research has been carried out by using various sources which include (but not limited to) Corporate Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different trade publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.