Carotenoids are the compounds naturally found in the fruits and are also responsible for the red, orange and yellow color of the fruits. It is mainly obtained from a natural and synthetic source. For commercial applications, the carotenoids are produced from synthetic sources. Carotenoids vary in concentration and proportions on the basis of source it is obtained. Carotenoids used as natural food colors include annatto, beta-carotene, paprika, lycopene, lutein, carrot oil and saffron. These compounds have good heat stability and can also handle high-pressure extraction processing. Carotenoids work best in pH above 3.5 and have good pH stability in high pH. However, carotenoids can be degraded by light, low pH, oxygen and enzymes.
MARKET DYNAMICS
The carotenoids market is growing at a faster pace owing to factors such as increasing use of carotenoids in developing an alternative treatment for various diseases, including eye disorders, diabetes, cancer and aging, has boosted their popularity among consumers. Moreover, rising demand for natural colorants and rising awareness about the medicinal applications of carotenoids boost the carotenoids market over the forecast period. However, the harmful effects of high doses of carotenoids and stringent regulatory and approval norms are the key factors restraining the growth of the carotenoids market. Growing demand for naturally sourced carotenoids can provide a growth opportunity for the market players in the near future.
MARKET SCOPE
The "Global Carotenoids Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the carotenoids market with detailed market segmentation by product, source, application and geography. The global carotenoids market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading carotenoids market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global carotenoids market is segmented on the basis of product, source and application. On the basis of product the global carotenoids market is segmented into astaxanthin, capsanthin, lutein, beta-carotene, lycopene and others. Based on source, the global carotenoids market is bifurcated into natural and synthetic. Based on application, the global carotenoids market is catagorised into, animal feed, human food, dietary supplement and others.
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REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global carotenoids market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The carotenoids market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the carotenoids market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors affecting the carotenoids market in these regions.
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MARKET PLAYERSThe reports cover key developments in the carotenoids market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from carotenoids market are anticipated to lucrative growth opportunities in the future with the rising demand for Carotenoids in the global market. Below mentioned is the list of few companies engaged in the Carotenoids market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the carotenoids market. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last 3 years, the key development in the past five years.
-Allied Biotech Corporation
-BASF SE
-Chr. Hansen Holding A/S
-Cyanotech Corporation
-DDW The Colour House
-Divi's Laboratories Limited
-Dohler
-ExcelVite Inc.
-Kemin Industries, Inc.,
-Koninklijke DSM N.V.
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