Report Description
A recent market intelligence report that is published by Data Insights Partner on Carotenoids Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international. The research study also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and world Carotenoids Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of international Carotenoids Market is offered.
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Market Insights:
In accordance with the report, the Carotenoids Market is projected to expand at a CAGR of X.X% over the period of forecast. The global Carotenoids Market was valued at USD XX.X Mn in 2019 and is expected to reach USD XX.X Mn in 2031, growing with a significant CAGR rate during the forecast period. Owing to its increasing use in a variety of applications such as food, animal feed, dietary supplements, medicines, and cosmetics, the market is predicted to rise significantly. As a result of increased health concerns, there is likely to be an increase in demand for healthy and natural foods, as well as supplement intake. The global carotenoids market is being driven by an increase in demand for natural colourants and an increase in end-user applications. Carotenoids’ ability to boost fruitfulness and support healthy body functions will also increase their penetration across the animal feed industry. This will also aid in the significant growth of the global carotene market in coming years. Carotenoids have been shown to have an inverse link with cancer and other health benefits, according to a recent study published by PMC-NCBI, which has boosted global demand for carotenoids in the pharmaceutical industry. Aside from the food business, carotenoids are predicted to continue to be in high demand in the pharmaceutical and cosmetic industries around the world. Because carotenoids are abundant in vitamin A, they are in high demand in the cosmetics business. Increasing usage of these additives in feed, supplement, food, pharmaceutical, and cosmetic applications, Asia Pacific is projected to see significant growth. Technological developments, industrial growth, economic growth, and low manufacturing costs in nations like China, Japan, and India are expected to drive the industry forward. Consumer knowledge of the health benefits of dietary supplements has risen in the region as a result of the region’s growing middle-class population, educational growth, and increased disposable incomes.
Research Methodology:
To compile the detailed study of the global Carotenoids Market, a robust research methodology has been adopted that aids in determining the key insights and also evaluates the growth prospects of the Carotenoids Market. Comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecast possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Our research methodology implements a mix of primary as well as secondary research. Our projects are initiated with secondary research, where we refer to a variety of sources including trade databases; government published documents, investor presentations, company annual reports, Industrial papers, and paid databases. To carry out secondary research, the analysts have collected the information through company annual reports, journals, company press releases, and paid databases that were referred to gain and identify better opportunities in the Carotenoids Market.
COVID-19 Scenario Analysis:
The COVID-19 outbreak has shaken the whole economy in the world. In this scenario some industries are doing quite well while others have been crushed. This section of the report has explored the overall status of the COVID-19 scenario. The industry witnessed a huge decline in terms of sales. Likewise, the Carotenoids Market was affected negatively due to the shutdown of manufacturing/processing facilities for some time. The analysts have also focused on the key measures that the companies are opting to withstand the harsh scenario.
Segment Covered:
Carotenoids Market report has been segmented By Product, By Source and By Application also includes the market size and forecast for all these segments. Compounded annual growth rates for all segments have also been provided for 2019 to 2031. This report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
Key Segments:
Carotenoids Market research report includes an in-depth coverage of the industry with estimates & forecast from 2022 to 2031, for the following segments:
Carotenoids Market, By Product, 2022-2031 (USD Million)
Beta-carotene
Lutein
Lycopene
Astaxanthin
Zeaxanthin
Canthaxanthin
Others
Carotenoids Market, By Source, 2022-2031 (USD Million)
Natural Carotenoids
Synthetic Carotenoids
Carotenoids Market, By End use, 2022-2031 (USD Million)
Carotenoids for Food & Beverage Colorants
Carotenoids for Animal Feed Additives
Carotenoids for Dietary Supplements & Nutraceutical Ingredients
Carotenoids for Pharmaceutical Additives
Carotenoids for Cosmetic & Personal Care Additives
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Report Highlights:
The prime objective of the Carotenoids Market report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing with different major regions and more than 30 major countries across the globe. During the report’s production, extensive research and analysis were conducted. This research will assist readers in gaining a thorough understanding of the market.
Carotenoids Market, By Region, 2022-2031 (USD Million)
North America ( United States, Canada, Mexico)
Europe (Germany, UK, France, Italy, Russia, Spain, and Rest of Europe)
South Asia ( India, Pakistan and Bangladesh)
East Asia (China, Japan and South Korea)
South East Asia (Indonesia, Thailand, Singapore, Malaysia, Rest of SE Asia)
Middle East (Turkey, Saudi Arabia, Iran, UAE, Israel, Iraq, Qatar, Rest of MEA)
Africa (Nigeria, South Africa, Egypt, Algeria, Rest of Africa)
South America (Brazil, Argentina, Colombia, Chile, and Rest of SA)
Oceania (Australia and New Zealand)
Companies Profiled:
To enhance their position in the global market, key suppliers/manufacturers are concentrating on business expansion and product innovation. Manufacturers/producers are also working on boosting their manufacturing capacity and product quality to gain a competitive advantage. The following are some of the prominent manufacturers in the worldwide Carotenoids Market:
BASF SE
Allied Biotech
Kemin Industries
Brenntag
ExcelVite Sdn. Bhd.
Cyanotech Corp.
Chr. Hansen
D.D. Williamson
DSM Nutritional Products
Divis Laboratories
Naturex SA
Lycored
Others
Carotenoids Market Report Highlights:
Detailed analysis of the parent market
Key players’ strategies and products supplied in the competitive landscape
Market segmentation in depth analysis
Market size in terms of volume and value, past, present, and future scenario
Potential and specialty areas, as well as geographical regions with promising growth prospects
Market players use this information to maintain and expand their market presence, thus it’s important to have an unbiased perspective on market performance.
Recent advancements and technological trends in the industry
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