Press release
What's driving the Carotenoids Market Growth? Prominent Players: Allied Biotech Corporation Algatechologies, BASF SE, Hansen Holding A/S, Cyanotech Corporation and more
Rising at 3.57% CAGR, the global carotenoids market size is anticipated to exhibit USD 1,848.1 million by 2026. The market is forecast to witness considerable growth owing to the increasing use of carotenoids in various applications such as animal feed, food, cosmetics, and others. Fortune Business Insights in a new study, titled "Carotenoids Market Size, Share and Industry Analysis By Type (Beta-Carotene, Lutein, Lycopene, Astaxanthin, Zeaxanthin, Canthaxanthin, and Others), By Application (Animal feed, Foods & Beverages, Dietary Supplements, Personal Care & Cosmetic, and Pharmaceuticals), By Source (Synthetic and Natural), and Regional Forecast 2019 - 2026" entails some of the Carotenoids Market trends and in-depth analysis over the forecast period. An increasing number of health issues and rising demand for natural and healthy food together with supplement consumption is likely to favor growth in the market.
Browse Summary of this Research Report Enabled with Table of Content and Figures:
https://www.fortunebusinessinsights.com/industry-reports/carotenoids-market-100180
Carotenoids, also referred to as tetraterpenoids are organic pigments produced by fungi, bacteria, plants, and algae. Food items such as daffodils, carrots, canaries, corn, egg yolks, buttercups, and others obtain the characteristic color due to carotenoids. As per the Oregon State University, there are over 600 types of carotenoids.
The majority of them are used in the western diet and the most studied among them are alpha-carotene, beta-cryptoxanthin, beta-carotene, lutein, lycopene, and zeaxanthin. Research studies have found that diets that are rich in carotenoids can reduce the risk of cancer, cardiovascular diseases, and other chronic diseases. Considering this, the global carotenoid market growth is expected to spur in the forthcoming years.
List of Best Companies Covered in the Carotenoids Market Research Report:
o Allied Biotech Corporation
o Algatechologies
o BASF SE
o Hansen Holding A/S
o Cyanotech Corporation
o DDW The Color House
o D?HLER GmbH
o ExcelVite Sdn. Bhd.
o Fuji Chemical Industries Co., Ltd.
o Kemin Industries, Inc.
o Koninklijke DSM N.V.
o LycoRed
o Novus International Inc.
o Sensient Technologies
o Synthite Industries Ltd.
o Other Key Players
Request a Sample Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/carotenoids-market-100180
"Increasing prevalence of diseases such as eye disorders, diabetes, among others is compelling food producers and manufacturers to incorporate natural ingredients such as carotenoids in their functional foods and dietary supplements," stated a lead analyst at Fortune Business Insights. "The usage of carotenoids-infused products is increasing as they act as antioxidants and helps the body to fight against such chronic diseases," he added. This will eventually fuel the Carotenoids Market demand in the forecast horizon. Owing to their anti-oxidant properties, carotenes play a crucial role in geriatric nutrition space, thus spurring the Carotenoids Market share in the aforementioned sector.
European Manufacturers Consider Carotenoids as one of the Preferred Food Coloring Agents
Among regions, Europe leads the global market owing to the presence of well-established feed sector and cosmetics industry - the key players operating in such sectors are aiding in the expansion of the Carotenoids Market size. Moreover, these are one of the most preferred food coloring agents among Europeans manufacturers and food processors. The market in Europe grows in the light of increasing demand for animal feed and health supplements. As per the report, the market in this region was worth US$ 579.90 Million in the year 2018.
The market in Asia Pacific is expected to grow steadily in the forecast years. The growth is attributable to rising industrialization, technological developments, and economic growth. Development in education is raising the awareness about carotenoids health benefits among people in Asia Pacific. This, coupled with increasing per capita income especially among the middle-class population, is propelling growth in the market in this region.
Rising Demand for Animal Feed Products to Contribute towards the Market Growth
Carotenoids are used in several applications which include food and beverages, personal care and cosmetics, animal feed, pharmaceuticals, and dietary supplements. Of these, animal feed products extensively use carotenoids for coloring properties in shrimp, poultry, and fish. Carotenoids are externally incorporated in the feed of fish, broiler skin, and egg yolks pigment to boost the overall animal health. As per the report, animal feed covered a share of 46.07% in 2018 and is expected to lead the market through the forecast years. Carotenoids are used in the food and beverage sector too owing to the rising demand for natural and organic food offerings. The rising usage of carotenoids in food and beverages is likely to stimulate the Carotenoids Market size. Increasing research and development (R&D) activities for developing natural and organic carotenoids is projected to enable growth in the market.
Players Focussing on Partnerships and Product Innovation to Expand their Presence Worldwide
Some of the leading players in the global Carotenoids Market are embarking on strategic partnerships, acquisitions, and other global strategies to gain Carotenoids Market share. New product development or product innovation, being one of the most preferred strategies. BASF launches a new carotenoid product called Lucantin NXT in August 2018. The product aims to offer long shelf-life, better stability, and high homogeneity. Recently, GacLife launches five new health beverages, containing carotenoids which provide powerful antioxidants to protect the health if a human body. Some of the key players mentioned in the report focus on collaborations to upgrade their product portfolio. For instance, ExcelVite announced the collaboration with USP in April 2019. The company aims to develop a monograph for carotenes and fulfill its commitment to achieving the highest ingredient standards.
Speak to Analyst https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/carotenoids-market-100180
Contact us:
Fortune Business Insights Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
US: +1-424-253-0390
UK: +44-2071-939123
APAC :+91-744-740-1245
Email: sales@fortunebusinessinsights.com
Website: https://www.fortunebusinessinsights.com
About us:
Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Browse Summary of this Research Report Enabled with Table of Content and Figures:
https://www.fortunebusinessinsights.com/industry-reports/carotenoids-market-100180
Carotenoids, also referred to as tetraterpenoids are organic pigments produced by fungi, bacteria, plants, and algae. Food items such as daffodils, carrots, canaries, corn, egg yolks, buttercups, and others obtain the characteristic color due to carotenoids. As per the Oregon State University, there are over 600 types of carotenoids.
The majority of them are used in the western diet and the most studied among them are alpha-carotene, beta-cryptoxanthin, beta-carotene, lutein, lycopene, and zeaxanthin. Research studies have found that diets that are rich in carotenoids can reduce the risk of cancer, cardiovascular diseases, and other chronic diseases. Considering this, the global carotenoid market growth is expected to spur in the forthcoming years.
List of Best Companies Covered in the Carotenoids Market Research Report:
o Allied Biotech Corporation
o Algatechologies
o BASF SE
o Hansen Holding A/S
o Cyanotech Corporation
o DDW The Color House
o D?HLER GmbH
o ExcelVite Sdn. Bhd.
o Fuji Chemical Industries Co., Ltd.
o Kemin Industries, Inc.
o Koninklijke DSM N.V.
o LycoRed
o Novus International Inc.
o Sensient Technologies
o Synthite Industries Ltd.
o Other Key Players
Request a Sample Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/carotenoids-market-100180
"Increasing prevalence of diseases such as eye disorders, diabetes, among others is compelling food producers and manufacturers to incorporate natural ingredients such as carotenoids in their functional foods and dietary supplements," stated a lead analyst at Fortune Business Insights. "The usage of carotenoids-infused products is increasing as they act as antioxidants and helps the body to fight against such chronic diseases," he added. This will eventually fuel the Carotenoids Market demand in the forecast horizon. Owing to their anti-oxidant properties, carotenes play a crucial role in geriatric nutrition space, thus spurring the Carotenoids Market share in the aforementioned sector.
European Manufacturers Consider Carotenoids as one of the Preferred Food Coloring Agents
Among regions, Europe leads the global market owing to the presence of well-established feed sector and cosmetics industry - the key players operating in such sectors are aiding in the expansion of the Carotenoids Market size. Moreover, these are one of the most preferred food coloring agents among Europeans manufacturers and food processors. The market in Europe grows in the light of increasing demand for animal feed and health supplements. As per the report, the market in this region was worth US$ 579.90 Million in the year 2018.
The market in Asia Pacific is expected to grow steadily in the forecast years. The growth is attributable to rising industrialization, technological developments, and economic growth. Development in education is raising the awareness about carotenoids health benefits among people in Asia Pacific. This, coupled with increasing per capita income especially among the middle-class population, is propelling growth in the market in this region.
Rising Demand for Animal Feed Products to Contribute towards the Market Growth
Carotenoids are used in several applications which include food and beverages, personal care and cosmetics, animal feed, pharmaceuticals, and dietary supplements. Of these, animal feed products extensively use carotenoids for coloring properties in shrimp, poultry, and fish. Carotenoids are externally incorporated in the feed of fish, broiler skin, and egg yolks pigment to boost the overall animal health. As per the report, animal feed covered a share of 46.07% in 2018 and is expected to lead the market through the forecast years. Carotenoids are used in the food and beverage sector too owing to the rising demand for natural and organic food offerings. The rising usage of carotenoids in food and beverages is likely to stimulate the Carotenoids Market size. Increasing research and development (R&D) activities for developing natural and organic carotenoids is projected to enable growth in the market.
Players Focussing on Partnerships and Product Innovation to Expand their Presence Worldwide
Some of the leading players in the global Carotenoids Market are embarking on strategic partnerships, acquisitions, and other global strategies to gain Carotenoids Market share. New product development or product innovation, being one of the most preferred strategies. BASF launches a new carotenoid product called Lucantin NXT in August 2018. The product aims to offer long shelf-life, better stability, and high homogeneity. Recently, GacLife launches five new health beverages, containing carotenoids which provide powerful antioxidants to protect the health if a human body. Some of the key players mentioned in the report focus on collaborations to upgrade their product portfolio. For instance, ExcelVite announced the collaboration with USP in April 2019. The company aims to develop a monograph for carotenes and fulfill its commitment to achieving the highest ingredient standards.
Speak to Analyst https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/carotenoids-market-100180
Contact us:
Fortune Business Insights Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
US: +1-424-253-0390
UK: +44-2071-939123
APAC :+91-744-740-1245
Email: sales@fortunebusinessinsights.com
Website: https://www.fortunebusinessinsights.com
About us:
Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
