Carotenoids Market To Increase at Steady Growth Rate

Written by XploreMR

Global
Carotenoids Market: Overview

The
global carotenoid market is expected to witness a healthy growth attributed to
increasing demand in the food and beverage industry. Growing prevalence of
various cardiovascular diseases such as heart diseases has led to surge in
demand for carotenoids
in the global market. In addition, as carotenoids are rich in antioxidants and
other health benefiting properties, sales are expected to remain high in the
cosmetic and personal care industry. Surge in demand for carotenoids in the
personal care, cosmetics, and food and beverage industry has led to significant
growth in the global market.

The
report provides detailed information in the important aspects of the global
carotenoids market and offers data on the growth patterns, competition
landscape, factors fuelling growth of the global market and important segments.

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Global Carotenoids Market: Dynamics

Growth
of the global carotenoids market is mainly segmented as mainly bound to various
macro-economic and micro-economic factors. The report reveals that the global
carotenoids market is expected to witness significant growth attributed to
increasing demand for functional food products in the food and beverage
industry. As the need for protection against various diseases such as
cardiovascular diseases continue to increase, demand for carotenoids in the
food and beverage industry is expected to remain high. Alzheimer’s disease, eye
disorders, cataract, infertility, heartburn, depression, high blood pressure
and epilepsy are some of the diseases that continue to derive demand for
carotenoids in the functional food products globally. Increasing prevalence of
various diseases is expected to impact growth of the global carotenoids market
significantly.

Moreover,
increasing demand for food colorants in the bakery products and other
confectionary products has further led to surge in the sales of carotenoids in
the global market. Surge in demand for food colorants and food supplements has
further led to surge in demand for carotenoids in the global market. This in
turn is expected to contribute towards growth of the global carotenoids market
positively.

In
addition, carotenoids also continue to witness significant demand in the
personal care and cosmetic industry. As the carotenoids are rich in
antioxidants and other healthy properties such as vitamin A, C, E, and D,
demand is expected to remain high in the cosmetics and personal care industry.
Moreover, surge in demand for the dietary supplements has further contributed
towards growth of the global carotenoids market significantly. As the need for
producing carotenoids continue to increase, manufacturers are increasingly
looking to opt for carotenoids in the pharmaceutical industry. As the carotenoids
are rich in various health benefits, sales of the carotenoids in the food,
cosmetics and personal care industry.

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Global Carotenoids Market:
Segmentation

In
the next section, the global carotenoids market is segmented into product type,
application, source, and region. On the basis of product type, the global
carotenoids market is segmented as beta-carotene, lutein, astaxanthin,
canthaxanthin, lycopene, and others. Based on application, the global market is
segmented as food & beverage industry, feed industry, dietary supplements,
pharmaceutical products, cosmetic & personal care, and other applications.
By source, the global market is segmented as synthetic and natural. On the
basis of region, the global market is segmented as North America, Latin America,
Europe, Japan, APEJ, and MEA.

Global Carotenoids Market: Competition

Major
players in the global carotenoid market are Royal DSM N.V., Kemin Industries,
Guangzhou Leader Bio-Technology, FMC Corporation, Farbest Brands, ExcelVite,
EID Parry, Doehler Group, DDW The Color House, Cyanotech Corporation, Chr.
Hansen, BASF, AquaCarotene, Allied Biotech, and Algatechnologies.

 

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