food and beverage
Home » Carotenoids Market

Carotenoids Market

Carotenoids Market By Source (Synthetic, Natural), Product (Beta-carotene, Lutein, Astaxanthin, Capsanthin, Annatto, Canthaxanthin, Lycopene, Beta-Apo-8-carotenal, Zeaxanthin, Beta-apo-8-carotenal-ester), Application (Food & Beverages, Supplements, Animal Feed, Cosmetics) – Size, Share, Growth, Trends and Segment Forecasts to 2022
Report Book

Published Date: Mar. 2016
Category: Food & Beverage
Report ID: 57750
Report Format: PDF
No of Pages: 190

Rating: Credence Reports

Market Insights

The global carotenoid market is witnessing steady growth due to the rise in demand from end-user applications and increasing awareness regarding its health benefits. As a result, global carotenoid marketing is shifting towards naturally sourced carotenoids. This trend is witnessing tremendous growth, mainly in North America and the European region. The rising demand for natural colorants is one of the major factors driving the market growth. However, emerging economies offer huge market potential.

The market for carotenoids is highly competitive due to the presence of numerous players. Moreover, more than half of the market is accounted for by two major players, DSM and BASF. These manufacturers are facing stiff competition from the Indian and Chinese manufacturers of carotenoids. The brand image also plays a vital role in the market as organizations are more concerned about the quality and brand of the product.

Purpose of the Report

The purpose of this strategic research study titled “Global Carotenoids Market” is to provide company executives, industry investors, and industry participants with in-depth insights to make informed strategic decisions regarding the opportunities in the global carotenoids market.

Target Audience

  • Industry investors
  • Raw material suppliers
  • Distributors
  • Manufacturers
  • Retailers

Companies who want to enter the market and companies who want to diversify their product portfolio.

This report analyses the worldwide markets for carotenoids in USD million by the following source types – synthetic and natural. This study also provides market analysis by application demand for carotenoids from food & beverages, cosmetics, supplements, and animal feed applications in terms of revenue. This study also includes analysis by product type, including Beta-carotene, Lutein, Astaxanthin, Capsanthin, Annatto, Canthaxanthin, Lycopene, Beta-Apo-8-carotenal, Zeaxanthin, and Beta-apo-8-carotenal-ester. The report provides separate comprehensive analytics for North America, Europe, Asia-Pacific, and the Rest of the World (RoW). Annual estimates and forecasts are provided for 2014 through 2022 and the market growth rate is calculated from 2015 to 2022. Market data and analytics are derived from primary and secondary research. In addition, we have considered the demand side approach of the market. Competitive analysis is primarily based on public domain information, including company URLs and annual reports.

Other in-depth analyses provided in the report include:

  • Current and future market trends to justify the forthcoming attractive markets within the carotenoids market
  • Market drivers, market restraints, and their impact on the market growth
  • In-depth competitive analysis of players present in the market
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides:

  • A holistic view of the global carotenoids market of growth.
  • Offering market size and estimates for the period from 2015 to 2022.
  • Keeping in mind the above-mentioned factors.

Segmentation

Based on type, the carotenoids market is classified into beta-carotene, lutein, lycopene, astaxanthin, zeaxanthin, canthaxanthin, annatto, capsanthin, Beta-apo-8-carotenal-ester, and Beta-Apo-8-carotenal. The beta-carotene segment dominated the market, and this trend is projected to remain the same from 2015 to 2022.

There is high demand for carotenoids globally, especially for beta-carotene, lutein, and astaxanthin. Large health benefits in feed and food have increased the consumption of these carotenoids and is projected to follow the same trend for the next six years. On the other hand, Beta-Apo-8-carotenal, followed by lutein, is projected to be the fastest-growing market owing to its increasing end-use application.

By application

By application type, the, animal feed segment dominated the market, and this trend is projected to remain the same from 2014 to 2022. Carotenoids act more than just being pretty colors; and it is also used to improve animal performance. Therefore, it is a vital nutrient for all farmed animals. Carotenoids are only found in plants and cannot be synthesized by livestock; in animals’ therefore the nutrient requirement of carotenoids is fulfilled by their diet. However, this segment is projected to lose some of its market shares in the future. The supplements segment is projected to witness the fastest growth rate, followed by the cosmetics segment. People are becoming more conscious and aware of age-related problems with the aging population. Due to urbanization and busy lifestyles, there has been a significant increase in self-directed consumers. Consumers now rely more on alternative channels to self-diagnose themselves and also take preventive measures to keep them healthy. Such practices are significantly increasing the global demand for supplements, which in turn has increased carotenoid consumption.

Based on geography, the global carotenoids market is segmented into the following regions

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • India
    • China
    • Japan
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Europe and North America accounted for more than half of the market in terms of revenue as well as volume. But in the future, Asia Pacific regions will witness the highest growth rate.

Europe is projected to grow with the second largest growth rate. Beta-carotene is still the most prominent carotenoid used in foods and supplements, but due to changing consumer perception, primarily in Europe, all the carotenoids product is suffering from natural replacements. In parallel, the number of producers of synthetic and algae-derived carotenoids rose sharply, which added to the imbalance of supply and demand, driving prices down.

In the Asia Pacific, India and China is not only the major consumer of carotenoids but also become major producers due to the availability of abundant raw material, cheap labor, and capabilities to produce carotenoids meeting the international standard and demand. As a result, Asia Pacific companies accounted for more than 30% share of the pie in the company market share. In addition, the European carotenoids products manufacturers are being threatened by cheaper imports from China and India.

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Market Segmentation
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Approach Adopted
1.3.5 Key Points

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Carotenoids Market

Chapter 3 Introduction
3.1 Introduction
3.2 Classification
3.3 Drivers
3.3.1 Health benefits associated with carotenoids
3.3.2 Deficiency may lead to certain side effects
3.3.3 Shift in trend towards natural colorant
3.4 Restraints
3.4.1 Overdose of carotenoids can cause toxic effects
3.4.2 Different government guidelines
3.5 Opportunity
3.5.1 Emerging economies provide huge untapped market potential
3.5.2 Rising demand from the end user applications
3.5.3 Development of different techniques to create higher value natural carotenoids
3.6 Supply Chain
3.7 Porter’s five force analysis
3.7.1 Bargaining power of suppliers
3.7.2 Bargaining power of buyers
3.7.3 Threat of new entrants
3.7.4 Threat of substitutes
3.7.5 Degree of competition

Chapter 4 Global Carotenoids Market, By Source
4.1 Global Carotenoids Market, by Source, (2014 – 2022), (USD Million)
4.1.1 Global Synthetic Carotenoids Market, 2014 – 2022, (USD Million)
4.1.2 Global Natural Carotenoids Market, 2014 – 2022, (USD Million)

Chapter 5 Global Carotenoids Market, By Product Type
5.1 Global Carotenoids Market, by product type
5.2 Beta-carotene
5.2.1 Global Beta-carotene Market, 2014 – 2022, (USD Million)
5.3 Lutein
5.3.1 Global Lutein Market, 2014 – 2022, (USD Million)
5.4 Astaxanthin
5.4.1 Global Astaxanthin Market, 2014 – 2022, (USD Million)
5.5 Capsanthin
5.5.1 Global Capsanthin Market, 2014 – 2022, (USD Million)
5.6 Annatto
5.6.1 Global Annatto Market, 2014 – 2022, (USD Million)
5.7 Canthaxanthin
5.7.1 Global Canthaxanthin Market, 2014 – 2022, (USD Million)
5.8 Lycopene
5.8.1 Global Lycopene Market, 2014 – 2022, (USD Million)
5.9 Beta-Apo-8-carotenal
5.9.1 Global Beta-Apo-8-carotenal Market, 2014 – 2022, (USD Million)
5.10 Zeaxanthin
5.10.1 Global Zeaxanthin Market, 2014 – 2022, (USD Million)
5.11 Beta-apo-8-carotenal-ester
5.11.1 Global Beta-apo-8-carotenal-ester Market, 2014 – 2022, (USD Million)

Chapter 6 Global Carotenoids Market, By Application Type
6.1 Global carotenoids market, applications type Market share (%), 2014 – 2022
6.2 Food & beverages
6.2.1 Global carotenoids demand by food & beverages application, 2014 – 2022, (USD Million)
6.3 Supplements
6.3.1 Global carotenoids demand by supplements application, 2014 – 2022, (USD Million)
6.4 Animal Feed
6.4.1 Global carotenoids demand by animal feed application, 2014 – 2022, (USD Million)
6.5 Cosmetics
6.5.1 Global carotenoids demand by cosmetics application, 2014 – 2022, (USD Million)

Chapter 7 Global Carotenoids Market, Regional Analysis
7.1 Global Carotenoids Market, regional analysis, (2014 – 2022)
7.2 North America
7.3 Europe
7.4 Asia Pacific
7.5 RoW

Chapter 8 Competitive Analysis

Chapter 9 Conclusion

List of Figures

FIG. 1 Market drivers for carotenoids market: Impact analysis
FIG. 2 Global Natural Color Market, 2014 – 2022, (USD Million)
FIG. 3 Market restraints for carotenoids market: Impact analysis
FIG. 4 Market opportunities for carotenoids market: Impact analysis
FIG. 5 Global Carotenoids Market, by Source, (2014 – 2022), (USD Million)
FIG. 6 Global Synthetic Carotenoids Market, 2014 – 2022, (USD Million)
FIG. 7 Global Natural Carotenoids Market, 2014 – 2022, (USD Million)
FIG. 8 Global Carotenoids Market, by product type, Market attractiveness (2014 – 2022)
FIG. 9 Global Beta-carotene Market, 2014 – 2022, (USD Million)
FIG. 10 Global Lutein Market, 2014 – 2022, (USD Million)
FIG. 11 Global Astaxanthin Market, 2014 – 2022, (USD Million)
FIG. 12 Global Capsanthin Market, 2014 – 2022, (USD Million)
FIG. 13 Global Annatto Market, 2014 – 2022, (USD Million)
FIG. 14 Global Canthaxanthin Market, 2014 – 2022, (USD Million)
FIG. 15 Global Lycopene Market, 2014 – 2022, (USD Million)
FIG. 16 Global Beta-Apo-8-carotenal Market, 2014 – 2022, (USD Million)
FIG. 17 Global Zeaxanthin Market, 2014 – 2022, (USD Million)
FIG. 18 Global Beta-apo-8-carotenal-ester Market, 2014 – 2022, (USD Million)
FIG. 19 Global carotenoids market, applications type Market share (%), 2014 – 2022
FIG. 20 Global carotenoids demand by food & beverages application, 2014 – 2022, (USD Million)
FIG. 21 Global carotenoids demand by supplements application, 2014 – 2022, (USD Million)
FIG. 22 Global carotenoids demand by animal feed application, 2014 – 2022, (USD Million)
FIG. 23 Global carotenoids demand by cosmetics application, 2014 – 2022, (USD Million)
FIG. 24 Global Carotenoids Market, regional analysis, (2014 – 2022)

List of Tables

TABLE 1 Market Snapshot: Global Carotenoids Market
TABLE 2 GDP Per capita (USD $), 2011 – 2014
TABLE 3 North America Carotenoids Market, Strategic Snapshot
TABLE 4 North America carotenoid market revenue, by countries, 2014-2022, (USD Million)
TABLE 5 North America carotenoid market revenue, by source, 2014-2022, (USD Million)
TABLE 6 North America carotenoid market revenue, by product type, 2014-2022, (USD Million)
TABLE 7 North America carotenoids market revenue, by applications, 2014-2022, (USD Million)
TABLE 8 Europe Carotenoids Market, Strategic Snapshot
TABLE 9 Europe carotenoid market revenue, by countries, 2014-2022, (USD Million)
TABLE 10 Europe carotenoid market revenue, by source, 2014-2022, (USD Million)
TABLE 11 Europe carotenoid market revenue, by product type, 2014-2022, (USD Million)
TABLE 12 Europe carotenoids market revenue, by applications, 2014-2022, (USD Million)
TABLE 13 Asia Pacific Carotenoids Market, Strategic Snapshot
TABLE 14 Asia Pacific carotenoid market revenue, by countries, 2014-2022, (USD Million)
TABLE 15 Asia Pacific carotenoid market revenue, by source, 2014-2022, (USD Million)
TABLE 16 Asia Pacific carotenoid market revenue, by product type, 2014-2022, (USD Million)
TABLE 17 Asia Pacific carotenoids market revenue, by applications, 2014-2022, (USD Million)
TABLE 18 RoW Carotenoids Market, Strategic Snapshot
TABLE 19 RoW carotenoid market revenue, by countries, 2014-2022, (USD Million)
TABLE 20 RoW carotenoid market revenue, by source, 2014-2022, (USD Million)
TABLE 21 RoW carotenoid market revenue, by product type, 2014-2022, (USD Million)
TABLE 22 RoW carotenoids market revenue, by applications, 2014-2022, (USD Million)
TABLE 23 Competitive Analysis

Frequently Asked Questions

What is the size of Carotenoids Market Market?

The market for Carotenoids Market Market is expected to reach XX in 2022.

What is the Carotenoids Market Market CAGR?

The Carotenoids Market Market is expected to see significant CAGR growth over the coming years, at XX%.

What is the Forecast period considered for Carotenoids Market Market?

The report is forecasted to 2022.

What is the base year considered for Carotenoids Market Market?

The base year of this report is 2021.

Download Sample Report


Have a question?

Market Research Analyst

Don’t settle for less – trust Ishika to help you find the best solution.

– Other Info –

What people say?-

User Review

I am very impressed with the information in this report. The author clearly did their research when they came up with this product and it has already given me a lot of ideas.

Jana Schmidt
CEDAR CX Technologies

– Connect with us –

Phone

+91 8085 89 5002


support

24/7 Research Support


sales@credenceresearch.com

– Research Methodology –

Going beyond the basics: advanced techniques in research methodology

– Trusted By –

Pepshi, LG, Nestle
Motorola, Honeywell, Johnson and johnson
LG Chem, SIEMENS, Pfizer
Unilever, Samsonite, QIAGEN