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Carotenoids Market Size, Share Global Analysis Report, 2020–2026
Carotenoids Market By Type (Astaxanthin, Beta-Carotene, Lutein, Lycopene, Canthaxanthin, Zeaxanthin, and Others), By Source (Natural and Synthetic), By Formulation (Beadlet, Powder, Oil Suspension, and Emulsion), By Application (Feed, Food & Beverages, Dietary Supplements, Cosmetics, and Pharmaceuticals), and By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecast 2020–2026
Industry Insights
This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the Carotenoids industry. The report analyzes and declares the historical and current trends analysis of the Carotenoids industry and subsequently recommends the projected trends anticipated to be observed in the global Carotenoids market during the upcoming years.
The global Carotenoids market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire Carotenoids market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Tons) and value (USD Billion) from FY 2016 – 2026.
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the Carotenoids industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Carotenoids industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the global Carotenoids market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Carotenoids industry. The global Carotenoids market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Carotenoids sector. Key strategic developments in the global Carotenoids market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the global Carotenoids market are appropriately highlighted in the report.
Carotenoids are organic pigments present in various plants and animals. These natural components act as antioxidants and help safeguard the body against cellular damage, chronic diseases, and aging. The increasing health concerns have encouraged the use of carotenoids in various dietary supplements.
The growth of the global Carotenoids market is attributed to the increasing use of colorants. Additionally, technological development in the carotenoids extraction processes is anticipated to boost the growth of the global Carotenoids market. The increasing use of natural carotenoids in food, animal feed, dietary supplements, pharmaceuticals, and cosmetics is expected to accelerate the growth of the global Carotenoids market. Apart from this, the increasing preference for healthy & natural food coupled with the escalating consumption owing to the rising health issues is likely to propel the market growth. The rising R&D for the development of high-value natural carotenoids and high prominence of carotenoids in the treatment of diabetes, cancer, and eye disorder is projected to create new growth opportunities for the market. However, stringent regulatory norms are estimated to hamper the product demand in the coming years.
The global Carotenoids market research report delivers an acute valuation and taxonomy of the Carotenoids industry by practically splitting the market on the basis of different type, source, formulation, application, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the Carotenoids industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the Carotenoids industry is provided for the leading economies of the world.
The global Carotenoids market is segmented based on Type, Source, Formulation, and Application. On the basis of type segmentation, the Carotenoids market is classified into Astaxanthin, Beta-Carotene, Lutein, Lycopene, Canthaxanthin, Zeaxanthin, and Others. By source, the market is segmented into Natural and Synthetic. Based on formulation, the market for carotenoids is segregated into Beadlet, Powder, Oil Suspension, and Emulsion. In terms of application, the Carotenoids market is sectored into Feed, Food & Beverages, Dietary Supplements, Cosmetics, and Pharmaceuticals.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 1.8 Billion |
Projected Market Size in 2026 |
USD 2.5 Billion |
CAGR Growth Rate |
4.5% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
BASF, Koninklijke DSM, Zhejiang NHU Co. Ltd, Excelvite Sdn. Bhd., Vidya Europe SAS, Chr. Hansen, Kemin Industries, Cyanotech Corporation, Lycored Limited, Fuji Chemical Industry Co Ltd., DDW The Color House, Dynadis SARL, E.I.D Parry, Novus International, Allied Biotech Corporation, Dohler Group, AlgaTechnologies Ltd., Farbest Brands, Deinove SAS, and Divi’s Laboratories. |
Key Segment |
By Type, By Source, By Formulation, By Application, and By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Some of the essential players operating in the global Carotenoids market, but not restricted to include
- BASF
- Koninklijke DSM
- Zhejiang NHU Co. Ltd
- Excelvite Sdn. Bhd.
- Vidya Europe SAS
- Chr. Hansen
- Kemin Industries
- Cyanotech Corporation
- Lycored Limited
- Fuji Chemical Industry Co Ltd.
- DDW The Color House
- Dynadis SARL
- E.I.D Parry
- Novus International
- Allied Biotech Corporation
- Dohler Group
- AlgaTechnologies Ltd.
- Farbest Brands
- Deinove SAS
- Divi’s Laboratories.
The taxonomy of the Carotenoids industry by its scope and segmentation is as follows:
Type Segmentation Analysis
- Astaxanthin
- Beta-carotene
- Lutein
- Lycopene
- Canthaxanthin
- Zeaxanthin
- Others
Source Segmentation Analysis
- Natural
- Synthetic
Application Segmentation Analysis
- Feed
- Food & Beverages
- Dietary Supplements
- Cosmetics
- Pharmaceuticals
Formulations Segmentation Analysis
- Oil Suspension
- Powder
- Beadlet
- Emulsion
Regional Segmentation Analysis
- North America
- The U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table of Content
Industry Major Market Players
- BASF
- Koninklijke DSM
- Zhejiang NHU Co. Ltd
- Excelvite Sdn. Bhd.
- Vidya Europe SAS
- Chr. Hansen
- Kemin Industries
- Cyanotech Corporation
- Lycored Limited
- Fuji Chemical Industry Co Ltd.
- DDW The Color House
- Dynadis SARL
- E.I.D Parry
- Novus International
- Allied Biotech Corporation
- Dohler Group
- AlgaTechnologies Ltd.
- Farbest Brands
- Deinove SAS
- Divi’s Laboratories.
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