Carotenoids Market - by Product (Astaxanthin, Capsanthin, Lutein, Beta-carotene, Lycopene, and Others), Source (Natural, and Synthetic), Application (Animal Feed, Human Food, Dietary Supplement, Personal Care & Cosmetic, Pharmaceuticals, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Published Date: 01-Oct-2020 Category: Food & Beverage Report Format : PDF Pages: 110 Report Code: ZMR-149 Status : Published

According to the report published by Zion Market Research, global demand for carotenoids market was valued at approximately USD 1,710.6 Million in 2019, and is expected to generate revenue of around USD 2,273.9 Million by end of 2026, growing at a CAGR of around 4.15% between 2020 and 2026.

Description

According to the report published by Zion Market Research, global demand for carotenoids market was valued at approximately USD 1,710.6 Million in 2019, and is expected to generate revenue of around USD 2,273.9 Million by end of 2026, growing at a CAGR of around 4.15% between 2020 and 2026.

Global Carotenoids Market: Overview

Carotenoids are pigments in algae, photosynthetic bacteria, and plants. These pigments play an important role in plant health. In addition, people who consume foods with carotenoids gain protective health benefits. As antioxidants, carotenoids are useful for the protection of vision, the effects of aging, some chronic diseases, and combating cellular damage. They can be assembled from fats and other basic organic metabolic building blocks of these organisms. Carotenoids are applied in carrots, corn, canaries, and daffodils, as well as buttercups, egg yolks, rutabagas, and bananas for improving the overall aesthetic appeal of food products by making them appealing visually.

Global Carotenoids Market: Growth Factors

Increased prevalence of obesity, cancer, and diabetes has contributed to a paradigm change in the use of carotenoids due to its nutritional value for the treatment of these diseases. The market is driven by the optimistic outlook on application in various end-use industries such as pharmaceuticals, food and beverages, animal feed, cosmetics, and food supplements. Moreover, frequent change in climatic conditions is leading the demand for dermal products, which in turn encouraging the use of carotenoids such as phytofluene and phytoene owing to its absorbing capability of UV radiations. Rising awareness of the harmful effects of UV rays would raise demand for enriched skincare carotenoids and thus proliferate market development. The growth of various end-use industries, including pharmaceuticals, food and beverages, dietary supplements and animal feed, would further improve the industry's overall share over the forecast timeframe.

Global Carotenoids Market: Segmentation

The carotenoids market is fragmented based on product, source, and application. Based on the product, the market is classified into astaxanthin, capsanthin, lutein, beta-carotene, lycopene, and others. Beta-carotene and astaxanthin are the leading segments among the other carotenoids owing to its increasing demand from the food processing industry for natural food colours. On the basis of source, the carotenoids market is classified into natural, and synthetic. This form of carotenoids is used to help market growth in HPLC study of lipid-phase plasma micronutrients. Additionally, increasing R&D in collaboration with biological system, science & technology, and genetic materials will boost the segment share. The application segment is bifurcated into animal feed, human food, dietary supplement, personal care & cosmetic, and pharmaceuticals among others. Dietary supplements are expected to witness the fastest growing segment in forecast timeline owing to consumer awareness about the advantageous of such nutritional supplements and easy access to products.

Region-wise, the global market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Global Carotenoids Market: Regional Analysis

Europe remarkably dominates the global market owing to its high demand in the region. Majority of the sales of the market has its source form North America and Europe. In addition, Asia Pacific is anticipated to witness considerable growth in the near future. It is due to rise in the consumption of meat and dairy products would provide more optimistic growth opportunities for the segment.

Global Carotenoids Market: Competitive Players

Some main participants of the carotenoids market are Algatechnologies Ltd., BASF SE, Dohler Group, Kemin Industries, Inc., FMC Corporation, and Chr. Hansen Holding A/S., Allied Biotech Corporation, DDW The Color House, ExeclViteSdn. Bhd., and Cyanotech Corporation. among others.

Carotenoids Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1 : Preface
    • 1.1. Report Description
  • Chapter No. 2 : Research Methodology
    • 2.1. Market Research Process
    • 2.2. Secondary Research
    • 2.3. Data Modeling
      • 2.3.1. Company Share Analysis Model
      • 2.3.2. Revenue-Based Models
    • 2.4. Primary Research
    • 2.5. Research Limitation
  • Chapter No. 3 : Executive Summary
    • 3.1. Global Carotenoids Market, Vulume (Tons) and Revenue (USD Million), 2016 - 2026
    • 3.2. Global Carotenoids Market: Snapshot
  • Chapter No. 4 : Carotenoids Market – Industry Analysis
    • 4.1. Introduction and Market Overview:
    • 4.2. Market Drivers
      • 4.2.1. Growing demand from dietary supplements
    • 4.3. Restraints
      • 4.3.1. Harmful Effects of the Carotenoids
    • 4.4. Opportunities
    • 4.5. Porter’s Five Forces Analysis
    • 4.6. Key Mandates & Regulations
    • 4.7. SWOT Analysis
  • Chapter No. 5 : Investment Proposition Analysis
    • 5.1. Carotenoids Market Attractiveness, By Product
    • 5.2. Carotenoids Market Attractiveness, By Source
    • 5.3. Carotenoids Market Attractiveness, By Application
    • 5.4. Carotenoids Market Attractiveness, By Region
    • 5.5. Carotenoids Market Attractiveness, By Country
  • Chapter No. 6 : Competitive Landscape
    • 6.1. Company Market Share (%), 2016
    • 6.2. Company Market Share (%), 2017
    • 6.3. Company Market Share (%), 2018
    • 6.4. Company Market Share (%), 2019
    • 6.5. Company (Y-o-Y) Growth 2016-19 (%)
    • 6.6. Strategic Development
      • 6.6.1. Acquisitions & Mergers
      • 6.6.2. New Product Launch
      • 6.6.3. Agreements, Partnerships, Cullaborations, and Joint Ventures
      • 6.6.4. Research and Development, and Regional Expansion
  • Chapter No. 7 : Carotenoids Market – Product Segment Analysis
    • 7.1. Global Carotenoids Market: by Product
      • 7.1.1. Global Carotenoids Market Revenue Share (%), by Product, 2019 & 2026
      • 7.1.2. Global Carotenoids Market by Astaxanthin, Vulume (Tons) and Revenue (USD Million), 2016 – 2026
      • 7.1.3. Global Carotenoids Market by Capsanthin, Vulume (Tons) and Revenue (USD Million), 2016 – 2026
      • 7.1.4. Global Carotenoids Market by Lutein, Vulume (Tons) and Revenue (USD Million), 2016 – 2026
      • 7.1.5. Global Carotenoids Market by Beta-carotene, Vulume (Tons) and Revenue (USD Million), 2016 – 2026
      • 7.1.6. Global Carotenoids Market by Lycopene, Vulume (Tons) and Revenue (USD Million), 2016 – 2026
      • 7.1.7. Global Carotenoids Market by Others, Vulume (Tons) and Revenue (USD Million), 2016 – 2026
      • 7.1.8. Global Carotenoids Market Analysis/ Overview – By Product
        • 7.1.8.1. Astaxanthin – Overview/ Analysis
        • 7.1.8.2. Capsanthin – Overview/ Analysis
        • 7.1.8.3. Lutein – Overview/ Analysis
        • 7.1.8.4. Beta-carotene – Overview/ Analysis
        • 7.1.8.5. Lycopene – Overview/ Analysis
        • 7.1.8.6. Others – Overview/ Analysis
  • Chapter No. 8 : Carotenoids Market – Source Segment Analysis
    • 8.1. Global Carotenoids Market: by Source
      • 8.1.1. Global Carotenoids Market Revenue Share (%), by Source, 2019 & 2026
      • 8.1.2. Global Carotenoids Market by Natural, Vulume (Tons) and Revenue (USD Million), 2016 – 2026
      • 8.1.3. Global Carotenoids Market by Synthetic, Vulume (Tons) and Revenue (USD Million), 2016 – 2026
      • 8.1.4. Global Carotenoids Market Analysis/ Overview – By Source
        • 8.1.4.1. Natural – Overview/ Analysis
        • 8.1.4.2. Synthetic – Overview/ Analysis
  • Chapter No. 9 : Carotenoids Market – Application Segment Analysis
    • 9.1. Global Carotenoids Market: by Application
      • 9.1.1. Global Carotenoids Market Revenue Share (%), by Application, 2019 & 2026
      • 9.1.2. Global Carotenoids Market by Animal Feed, Vulume (Tons) and Revenue (USD Million), 2016 – 2026
      • 9.1.3. Global Carotenoids Market by Human Food, Vulume (Tons) and Revenue (USD Million), 2016 – 2026
      • 9.1.4. Global Carotenoids Market by Dietary Supplement, Vulume (Tons) and Revenue (USD Million), 2016 – 2026
      • 9.1.5. Global Carotenoids Market by Personal Care & Cosmetic, Vulume (Tons) and Revenue (USD Million), 2016 – 2026
      • 9.1.6. Global Carotenoids Market by Pharmaceuticals, Vulume (Tons) and Revenue (USD Million), 2016 – 2026
      • 9.1.7. Global Carotenoids Market by Others, Vulume (Tons) and Revenue (USD Million), 2016 – 2026
      • 9.1.8. Global Carotenoids Market Analysis/ Overview – By Application
        • 9.1.8.1. Animal Feed – Overview/ Analysis
        • 9.1.8.2. Human Food – Overview/ Analysis
        • 9.1.8.3. Dietary Supplement – Overview/ Analysis
        • 9.1.8.4. Personal Care & Cosmetic – Overview/ Analysis
        • 9.1.8.5. Pharmaceuticals – Overview/ Analysis
        • 9.1.8.6. Others – Overview/ Analysis
  • Chapter No. 10 : Carotenoids Market – Regional Analysis
    • 10.1. Global Carotenoids Market: Regional Overview
      • 10.1.1. Global Carotenoids Market (USD Million) (Tons) 2016 – 2026
      • 10.1.1. Global Carotenoids Market Revenue (USD Million) 2016 – 2026
    • 10.2. North America Carotenoids Market
      • 10.2.1. Overview
      • 10.2.2. North America Carotenoids Market, (Tons) (USD Million) 2016 - 2026
      • 10.2.3. North America Carotenoids Market, Vulume (Tons) by Product, 2016 – 2026
      • 10.2.4. North America Carotenoids Market Revenue (USD Million) by Product, 2016 – 2026
      • 10.2.5. North America Carotenoids Market, Vulume (Tons) by Source, 2016 – 2026
      • 10.2.6. North America Carotenoids Market Revenue (USD Million) by Source, 2016 – 2026
      • 10.2.7. North America Carotenoids Market, Vulume (Tons) by Application, 2016 – 2026
      • 10.2.8. North America Carotenoids Market Revenue (USD Million) by Application, 2016 – 2026
      • 10.2.9. U.S.
      • 10.2.10. Canada
    • 10.3. Europe Carotenoids Market
      • 10.3.1. Overview
      • 10.3.2. Europe Carotenoids Market, (Tons) (USD Million) 2016 - 2026
      • 10.3.3. Europe Carotenoids Market, Vulume (Tons) by Product, 2016 – 2026
      • 10.3.4. Europe Carotenoids Market Revenue (USD Million) by Product, 2016 – 2026
      • 10.3.5. Europe Carotenoids Market, Vulume (Tons) by Source, 2016 – 2026
      • 10.3.6. Europe Carotenoids Market Revenue (USD Million) by Source, 2016 – 2026
      • 10.3.7. Europe Carotenoids Market, Vulume (Tons) by Application, 2016 – 2026
      • 10.3.8. Europe Carotenoids Market Revenue (USD Million) by Application, 2016 – 2026
      • 10.3.9. Germany
      • 10.3.10. France
      • 10.3.11. U.K.
      • 10.3.12. Italy
      • 10.3.13. Spain
      • 10.3.14. Rest of Europe
    • 10.4. Asia Pacific Carotenoids Market
      • 10.4.1. Overview
      • 10.4.2. Asia Pacific Carotenoids Market, (Tons) (USD Million) 2016 - 2026
      • 10.4.3. Asia Pacific Carotenoids Market, Vulume (Tons) by Product, 2016 – 2026
      • 10.4.4. Asia Pacific Carotenoids Market Revenue (USD Million) by Product, 2016 – 2026
      • 10.4.5. Asia Pacific Carotenoids Market, Vulume (Tons) by Source, 2016 – 2026
      • 10.4.6. Asia Pacific Carotenoids Market Revenue (USD Million) by Source, 2016 – 2026
      • 10.4.7. Asia Pacific Carotenoids Market, Vulume (Tons) by Application, 2016 – 2026
      • 10.4.8. Asia Pacific Carotenoids Market Revenue (USD Million) by Application, 2016 – 2026
      • 10.4.9. China
      • 10.4.10. Japan
      • 10.4.11. India
      • 10.4.12. South Korea
      • 10.4.13. South-East Asia
      • 10.4.14. Rest of Asia Pacific
    • 10.5. Latin America Carotenoids Market
      • 10.5.1. Overview
      • 10.5.2. Latin America Carotenoids Market, (Tons) (USD Million) 2016 - 2026
      • 10.5.3. Latin America Carotenoids Market, Vulume (Tons) by Product, 2016 – 2026
      • 10.5.4. Latin America Carotenoids Market Revenue (USD Million) by Product, 2016 – 2026
      • 10.5.5. Latin America Carotenoids Market, Vulume (Tons) by Source, 2016 – 2026
      • 10.5.6. Latin America Carotenoids Market Revenue (USD Million) by Source, 2016 – 2026
      • 10.5.7. Latin America Carotenoids Market, Vulume (Tons) by Application, 2016 – 2026
      • 10.5.8. Latin America Carotenoids Market Revenue (USD Million) by Application, 2016 – 2026
      • 10.5.9. Brazil
      • 10.5.10. Mexico
      • 10.5.11. Rest of Latin America
    • 10.6. The Middle-East and Africa Carotenoids Market
      • 10.6.1. Overview
      • 10.6.2. The Middle-East and Africa Carotenoids Market, (Tons) (USD Million) 2016 - 2026
      • 10.6.3. The Middle-East and Africa Carotenoids Market, Vulume (Tons) by Product, 2016 – 2026
      • 10.6.4. The Middle-East and Africa Carotenoids Market Revenue (USD Million) by Product, 2016 – 2026
      • 10.6.5. The Middle-East and Africa Carotenoids Market, Vulume (Tons) by Source, 2016 – 2026
      • 10.6.6. The Middle-East and Africa Carotenoids Market Revenue (USD Million) by Source, 2016 – 2026
      • 10.6.7. The Middle-East and Africa Carotenoids Market, Vulume (Tons) by Application, 2016 – 2026
      • 10.6.8. The Middle-East and Africa Carotenoids Market Revenue (USD Million) by Application, 2016 – 2026
      • 10.6.9. GCC Countries
      • 10.6.10. South Africa
      • 10.6.11. Rest of Middle-East Africa
  • Chapter No. 11 : Company Profiles
    • 11.2. Algatechnulogies Ltd.
    • 11.3. BASF SE
    • 11.4. Dohler Group
    • 11.5. Kemin Industries, Inc.
    • 11.6. FMC Corporation
      • 11.7. Chr. Hansen Hulding A/S.
    • 11.8. Allied Biotech Corporation
    • 11.9. DDW The Culor House
      • 11.10. ExeclViteSdn. Bhd.
    • 11.11. Cyanotech Corporation.
  • Chapter No. 12 : Carotenoids Market – Premium Insights
    • 12.1. Premium Insights from Primary Respondents
      • 12.1.1. Primary Respondent 1
      • 12.1.2. Primary Respondent 2
      • 12.1.3. Primary Respondent 3
      • 12.1.4. Primary Respondent 4

Methodology


Frequently Asked Questions

The carotenoids market is driven by the all-natural trend in the world market. There is huge market potential for the global food and feed sector to use carotenoids in food processing.

According to Zion Market Research, global demand for carotenoids market is expected to generate revenue of around USD 2,273.9 Million by end of 2026, growing at a CAGR of around 4.15% between 2020 and 2026.

The European carotenoids market accounts the largest market share owing to its availability of key manufacturers of cosmetic products such as Unilever, Loreal, Beiersdorf and Henkel, is anticipated to support segment growth. Additionally, extensive investment in R&D for new product innovation will further propel the market growth in this region.

Some main participants of the carotenoids market are Algatechnologies Ltd., BASF SE, Dohler Group, Kemin Industries, Inc., FMC Corporation, and Chr. Hansen Holding A/S., Allied Biotech Corporation, DDW The Color House, ExeclViteSdn. Bhd., and Cyanotech Corporation.

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