Global Carotenoids Market Analysis and Forecast 2019-2028
- Report ID: 56085
- Date: Dec, 2022
- Pages: 136
- Category: Food & Beverages
Global Carotenoids Market Analysis and Forecast 2019-2028
Carotenoids are a family of over 600 natural lipid-soluble pigments that are only produced by phytoplankton, algae, plants, and a limited number of fungi and bacteria. The carotenoids are responsible for the wide variety of colors they provide in nature, most noticeably in the vivid yellow and red colors of fruits, vegetables, and leaves. Carotenoids are widely used in nutraceuticals and the food & beverage industry and are generally consumed in supplement form or added to food products as the human body cannot synthesize them.
Carotenoids such as zeaxanthin and lutein prevent diseases related to the eyes, and they also absorb the blue light that passes into the eyes and damages the most. The intake of carotenoids blocks or reduces the production of the Reactive Oxygen Species (ROS), prevents the deterioration of lipids, DNA, and cells, and prevents carcinogenesis incidence. The increase in awareness about the beneficial health properties of carotenoids, along with their need for normal biological activities, are the major factors contributing to the increasing demand for carotenoids across the globe.
However, there are some factors which are likely to hamper the market growth. The high processing and extraction costs and the strict regulatory approvals of carotenoids are a few factors which are anticipated to hamper the growth of the carotenoids market over the upcoming years. Moreover, specific attributes, including low water solubility, the oxygen and heat-sensitive nature of the carotenoids, and the large particle size, are a few factors that limit the applications in pharmaceuticals.
The global carotenoids market has been analyzed on the basis of source, type, end use, and region. On the basis of source the market is divided into Natural and Synthetic. Based on Type, the market is segmented into Carotene, Beta-Cryptoxanthin, Lutein, Lycopene, Astaxanthin, Zeaxanthin, and Others (Canthaxanthin etc.). Carotene is further divided into Alpha-Carotene and Beta-Carotene.
On the basis of End Use, the market is categorized into Food & Beverage, Cosmetics & Personal Care, Nutraceuticals, Animal Feed & Nutrition, and Others (Pharmaceuticals etc.). Food & Beverages are expected to witness significant growth during the forecast period.
Geographically the market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, and Middle East & Africa. Europe is expected to gain a significant growth during the forecast period.
Market Structure and Competition Landscape
The global carotenoids market is fragmented, and the key producers of carotenoids are making more investments in R&D to launch ingredient-based innovative products. Key players operating in the global carotenoids market are Chr. Hansen Holding A/S, Koninklijke DSM N.V., Döhler GmbH, Allied Biotech Corp., Lycored Corp., BASF SE, Kemin Industries Inc., Cyanotech Corp., Divis Laboratories Ltd., FMC Corp., Novus International Inc., and Sensient Colors LLC among others.
The key manufacturers are focusing on new launches as well as acquisition strategies to increase their product portfolio.
• In September 2021, Divis Laboratories launched CaroNat, a food ingredient naturally intended for the dark yellow to orange coloration for several food and beverage products, including dairy products.
• In March 2019, Kemin Animal Nutrition and Health announced the addition of Organic KEM GLO to its comprehensive line of carotenoids, commonly known as pigments. Organic KEM GLO is a USDA-certified organic additive that helps organic egg producers intensify the color of egg yolks.
• In April 2019, Dohler SA acquired most of the shares of ZUCASA; this acquisition supported the company in increasing its carotenoids-based product portfolio.
Global Carotenoids Market Analysis and Forecast 2019-2028
Table of Contents
1. Market Introduction
1.1. Scope of Study
1.2. Problem Statement
1.3. Market Segmentation
2. Assumptions and Acronyms
3. Executive Summary
3.1. Global Market in 2022
3.2. Analyst Insights & Recommendations
3.3. Growth Opportunities and Key Strategies
3.4. Supply-side and Demand-side Trends
4. Research Methodology
5. Analysis of COVID-19 Impact and Road Ahead
5.1. Impact on Growth Strategies
5.2. Impact on Operations and Supply Chain
5.3. Impact on the Investments in the F&B, Nutraceuticals, and Feed Industry
5.4. Impact on Product Launches
6. Market Indicators and Background
6.1. Macro-Economic Factors
6.2. Forecasting Factors
Robust assessment of various factors including industrial performance, industry players’ expenditures, economic conditions, among others
6.3. Supply Chain & Value Chain Analysis
6.4. Industry SWOT Analysis
6.5. PESTLE Analysis
6.6. Porter’s Five Forces Analysis
7. Rules& Regulations
8. Global and Regional Market Dynamics
9. Global Carotenoids Market: Key Investment Analysis
9.1. By Leading Carotenoids Manufacturers
9.2. By Region
9.3. M&A Activities
Robust assessment of major investments made by various industry players along with key application areas, technological assessment, and key end-use sector
10. Pricing Analysis
10.1. By Source
10.2. By Type
10.2.7. Others (Canthaxanthin etc.)
10.3. By Region
10.3.1. North America
10.3.2. Latin America
10.3.3. Western Europe
10.3.4. Eastern Europe
10.3.5. Asia Pacific
10.3.6. Middle East & Africa
11. Parent Market Overview: Global Food & Beverages Market
12. Segmental Analysis
12.1. Global Carotenoids Market by Source
12.1.1. Segment Overview
12.2. Global Carotenoids Market by Type
12.2.1. Segment Overview
220.127.116.11. Others (Canthaxanthin etc.)
12.3. Global Carotenoids Market by End Use
12.3.1. Segment Overview
18.104.22.168. Food & Beverage
22.214.171.124. Cosmetics & Personal Care
126.96.36.199. Animal Feed & Nutrition
188.8.131.52. Others (Pharmaceuticals etc.)
12.4. Global Carotenoids Market by Region
12.4.1. North America
12.4.2. Latin America
12.4.3. Western Europe
12.4.4. Eastern Europe
12.4.5. Asia Pacific
12.4.6. Middle East & Africa
13. Regional Analysis
13.1. North America Carotenoids Market Analysis and Forecast 2019-2028
13.1.1. Regional Market Overview and Key Takeaways
13.1.2. North America Carotenoids Market by Source
13.1.3. North America Carotenoids Market by Type
13.1.4. North America Carotenoids Market by End Use
13.1.5. North America Carotenoids Market by Country
13.2. Latin America Carotenoids Market Analysis and Forecast 2019-2028
13.2.1. Regional Market Overview and Key Takeaways
13.2.2. Latin America Carotenoids Market by Source
13.2.3. Latin America Carotenoids Market by Type
13.2.4. Latin America Carotenoids Market by End Use
13.2.5. Latin America Carotenoids Market by Country
184.108.40.206. Rest of Latin America
13.3. Western Europe Carotenoids Market Analysis and Forecast 2019-2028
13.3.1. Regional Market Overview and Key Takeaways
13.3.2. Western Europe Carotenoids Market by Source
13.3.3. Western Europe Carotenoids Market by Type
13.3.4. Western Europe Carotenoids Market by End Use
13.3.5. Western Europe Carotenoids Market by Country
220.127.116.11. Rest of Western Europe
13.4. Eastern Europe Carotenoids Market Analysis and Forecast 2019-2028
13.4.1. Regional Market Overview and Key Takeaways
13.4.2. Eastern Europe Carotenoids Market by Source
13.4.3. Eastern Europe Carotenoids Market by Type
13.4.4. Eastern Europe Carotenoids Market by End Use
13.4.5. Eastern Europe Carotenoids Market by Country
18.104.22.168. Rest of Eastern Europe
13.5. Asia Pacific Carotenoids Market Analysis and Forecast 2019-2028
13.5.1. Regional Market Overview and Key Takeaways
13.5.2. Asia Pacific Carotenoids Market by Source
13.5.3. Asia Pacific Carotenoids Market by Type
13.5.4. Asia Pacific Carotenoids Market by End Use
13.5.5. Asia Pacific Carotenoids Market by Country
22.214.171.124. South Korea
126.96.36.199. Rest of Asia-Pacific
13.6. Middle East & Africa Carotenoids Market Analysis and Forecast 2019-2028
13.6.1. Regional Market Overview and Key Takeaways
13.6.2. Middle East & Africa Carotenoids Market by Source
13.6.3. Middle East & Africa Carotenoids Market by Type
13.6.4. Middle East & Africa Carotenoids Market by End Use
13.6.5. Middle East & Africa Carotenoids Market by Country
188.8.131.52. South Africa
184.108.40.206. Rest of the Middle East & Africa
14. Competitive Landscape
14.1. Competition Dashboard
14.1.1. Global and Regional Market Share Analysis
14.1.2. Market Structure
14.2. Competitive Benchmarking
14.3. Key Strategy Analysis
14.4. Company Profiles
14.4.1. Chr. Hansen Holding A/S
220.127.116.11. Company Overview
18.104.22.168. Product/Service Offerings
22.214.171.124. Key Financials
126.96.36.199. Recent Developments
14.4.2. Koninklijke DSM N.V.
188.8.131.52. Company Overview
184.108.40.206. Product/Service Offerings
220.127.116.11. Key Financials
18.104.22.168. Recent Developments
14.4.3. Döhler GmbH
22.214.171.124. Company Overview
126.96.36.199. Product/Service Offerings
188.8.131.52. Key Financials
184.108.40.206. Recent Developments
14.4.4. Allied Biotech Corp.
220.127.116.11. Company Overview
18.104.22.168. Product/Service Offerings
22.214.171.124. Recent Developments
14.4.5. Lycored Corp.
126.96.36.199. Company Overview
188.8.131.52. Product/Service Offerings
184.108.40.206. Recent Developments
14.4.6. BASF SE
220.127.116.11. Company Overview
18.104.22.168. Product/Service Offerings
22.214.171.124. Recent Developments
14.4.7. Kemin Industries Inc.
126.96.36.199. Company Overview
188.8.131.52. Product/Service Offerings
184.108.40.206. Recent Developments
14.4.8. Cyanotech Corp.
220.127.116.11. Company Overview
18.104.22.168. Product/Service Offerings
22.214.171.124. Recent Developments
14.4.9. Divis Laboratories Ltd.
126.96.36.199. Company Overview
188.8.131.52. Product/Service Offerings
184.108.40.206. Recent Developments
14.4.10. FMC Corp.
220.127.116.11. Company Overview
18.104.22.168. Product/Service Offerings
22.214.171.124. Recent Developments
14.4.11. Novus International Inc.
126.96.36.199. Company Overview
188.8.131.52. Product/Service Offerings
184.108.40.206. Recent Developments
14.4.12. Sensient Colors LLC
220.127.116.11. Company Overview
18.104.22.168. Product/Service Offerings
22.214.171.124. Recent Developments
*List not exhaustive
List of Figures
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In any formal research including academic journal, article, dissertation and so on, there will be a special section on a research methodology that mainly describes what, by whom, how to gather as well as how to evaluate the data are provided.
This research methodology has been segmented into following types:
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