Carotenoids Market Trends, Analysis, Growth, Application Outlook up to 2025
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<strong>Carotenoids</strong> <strong>Market</strong> <strong>Trends</strong>, <strong>Analysis</strong>, <strong>Growth</strong>, <strong>Application</strong><br />
<strong>Outlook</strong> <strong>up</strong> <strong>to</strong> <strong>2025</strong><br />
“The global carotenoids market was estimated at USD 1.21 billion<br />
in the year 2015 and is likely <strong>to</strong> witness significant growth, due <strong>to</strong><br />
its increasing usage in numerous applications such as food,<br />
dietary s<strong>up</strong>plements, animal feed, cosmetics and<br />
pharmaceuticals.”<br />
The global <strong>Carotenoids</strong> <strong>Market</strong> was estimated at USD 1.21 billion in the year 2015 and is likely <strong>to</strong> witness<br />
significant growth, due <strong>to</strong> its increasing usage in numerous applications such as food, dietary s<strong>up</strong>plements,<br />
animal feed, cosmetics and pharmaceuticals. Growing health awareness among consumers has led <strong>to</strong> increased<br />
usage of natural food products and nutritive s<strong>up</strong>plements. This scenario is considered <strong>to</strong> drive the consumption<br />
of carotenoids over the years ahead.<br />
<strong>Carotenoids</strong> also known as tetraterpenoids are color imparting organic pigments, that naturally occur in fruits,<br />
leafy vegetables, and roots. These products play the role of antioxidants and provide protection <strong>to</strong> the human<br />
health against chronic diseases, cellular damage, and aging. These organic pigments have found a rising usage<br />
in dietary s<strong>up</strong>plements, due <strong>to</strong> growing health issues among the younger and older working populace gro<strong>up</strong>s<br />
that are aged in the range of 18 <strong>to</strong> 64 years.<br />
Tetraterpenoids are commercially available in orange, yellow and red colors. The orange colored products<br />
include alpha-, beta-, and gamma-carotene, while the red and yellow ones include lycopene and lutein<br />
respectively. Animal feed, cosmetics and pharmaceuticals are the next major uses of the market.<br />
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Treatment of diabetes, eye disorders and cancer is likely <strong>to</strong> drive the demand of tetraterpenoids during the<br />
forecast period. Increasing research activities for developing high value natural carotenoids is expected <strong>to</strong> offer<br />
considerable growth opportunities in the industry during the forecast period. However, the stringent regula<strong>to</strong>ry<br />
framework in developed regions is likely <strong>to</strong> hamper the industry growth.<br />
Product Insights<br />
In terms of volume, beta-carotenes was the largest product segment, which constituted 24% share of the <strong>to</strong>tal<br />
market in the year 2015. These tetraterpenoids are used as colorants, and antioxidants and possess high vitamin<br />
A content. These key attributes are expected <strong>to</strong> boost the utilization of the product in nutritional foods, personal<br />
care and medical applications, which in turn is likely <strong>to</strong> propel the market growth in the future.<br />
astaxanthin is another important product type of carotenoids that is expected <strong>to</strong> illustrate significant<br />
development during the forecast period, owing <strong>to</strong> its rising usage in human antioxidants, animal feed<br />
ingredients and in seafood processing including shrimps, trout and salmon. Furthermore, astaxanthin is<br />
favorably used in human stamina enhancement and quick wound recovery.<br />
Browse Full Research Report @<br />
https://www.millioninsights.com/industry-reports/carotenoids-market<br />
Source Insights<br />
<strong>Carotenoids</strong> are derived via natural or synthetic sources. Synthetic accounted for the largest volume share in<br />
2015. Furthermore, this source type generated a revenue of USD 903.6 million in 2015. However, due <strong>to</strong> rising<br />
consumer inclination <strong>to</strong>wards naturally derived ingredients, this segment is expected <strong>to</strong> depict a diminished<br />
growth during the forecast period.<br />
The natural source type is expected <strong>to</strong> witness significant volume as well as revenue growth during the forecast<br />
period. The sources under this category include plant leaves, crustacean shells, flowers, bird feathers, fruits and<br />
fish flesh. Growing consumer awareness about health benefits of natural products is likely <strong>to</strong> propel the demand<br />
in the industry during the forecast period.<br />
<strong>Application</strong> Insights<br />
Animal feed is the prominent application of carotenoids, which held a revenue share of 41% of the <strong>to</strong>tal industry.<br />
Tetraterpenoids are consumed in animal nutrition for boosting immunity.
Dietary s<strong>up</strong>plements is another key application, which is likely <strong>to</strong> offer significant growth prospects in the future,<br />
on account of rising consciousness among consumers regarding healthy diet intake and for treating vitamin<br />
deficiency related disorders.<br />
Competitive Insights<br />
BASF SE, Brenntag, Kemin Industries, Allied Biotech, ExcelVite Sdn. Bhd., DSM Nutritional Products, Cyanotech<br />
Corp., Divis Labora<strong>to</strong>ries, Chr. Hansen, D.D. Williamson, Lycored, and Naturex SA are the major players in the<br />
industry.<br />
The manufacturers are implementing various strategies that include product innovation and collaborations with<br />
other participants across the value chain, in order <strong>to</strong> increase their presence worldwide.<br />
<strong>Market</strong> Segment:<br />
Source <strong>Outlook</strong> (Volume, Tons; Revenue, USD Million; 2014 - <strong>2025</strong>)<br />
• Natural<br />
• Synthetic<br />
Product <strong>Outlook</strong> (Volume, Tons; Revenue, USD Million; 2014 - <strong>2025</strong>)<br />
• Beta-carotene<br />
• Lutein<br />
• Lycopene<br />
• Astaxanthin<br />
• Zeaxanthin<br />
• Canthaxanthin<br />
• Others<br />
<strong>Application</strong> <strong>Outlook</strong> (Volume, Tons; Revenue, USD Million; 2014 - <strong>2025</strong>)<br />
• Food<br />
• S<strong>up</strong>plements<br />
• Feed<br />
• Pharmaceuticals<br />
• Cosmetics<br />
Regional <strong>Outlook</strong> (Volume, Tons; Revenue, USD Million; 2014 - <strong>2025</strong>)<br />
• North America<br />
• U.S.
• Europe<br />
• Germany<br />
• UK<br />
• Asia Pacific<br />
• China<br />
• India<br />
• Central & South America<br />
• Brazil<br />
• Middle East & Africa<br />
See More Reports of this Category by Million Insights @<br />
https://www.millioninsights.com/industry/food-ingredients<br />
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