Carotenoids Market Scenario
Increasing use of natural carotenoids as food colorants and the growth of the end-user industries is anticipated to drive the demand for carotenoids. Moreover, innovative technologies for the extraction of carotenoids which is also one of the key factor propelling the market growth. However, stringent regulatory norms is one of the major restraint which is expected to hinder the market growth during the forecast period.
Carotenoids Market Segmentation
The carotenoids market is segmented by Source, Formulation, Type, Application and Geography. Carotenoids are manufactured using various sources such as Synthetic Carotenoids and Natural Carotenoids. Furthermore, the Formulation studied in the report are Beadlet, Powder, Oil Suspension and Emulsion. Moreover, various types of carotenoids are Beta-Carotene, Astaxanthin, Lutein, Lycopene, Zeaxanthin, Canthaxanthin and Other. In addition, major applications of carotenoids are Feed, Dietary Supplements, Food & Beverages, Cosmetics and Pharmaceuticals. Geographically, the Carotenoids Market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and RoW.
Carotenoids Market by Geography
Geographically, the carotenoids market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and RoW. The Europe region dominated the global carotenoids market. This is attributed to the presence of leading manufacturers and increase in the aging population in the European region.
Carotenoids Market Key Players
Some of the major players operating in the global carotenoids market includes Koninklijke DSM, BASF, Chr. Hansen, Cyanotech Corporation, Allied Biotech Corporation, Lycored Limited, Kemin Industries, Fuji Chemical Industry Co Ltd., Novus International, Döhler Group, Excelvite Sdn. Bhd., DDW the Color House, Farbest Brands, Algatechnologies Ltd., Zhejiang NHU Co. Ltd., E.I.D. Parry, Divi’s Laboratories, Dynadis SARL, Vidya Europe SAS and Deinove SAS. Industrialists are also focusing their R&D to develop innovative extraction processes and are investing in procuring shipping vessels to gain strategic advantage and ensure efficient raw material supply.
Carotenoids Market Report Key Benefits