Carotenoids Market competitive Landscape, Growth Factors, Revenue Analysis, 2028

The global carotenoids market is expected to reach USD 2.19 Billion by 2028, according to a new report by Reports and Data. Carotenoids are the type of phytonutrients found in the cells of a wide variety of plants, algae, and bacteria. These phytonutrients help plants absorb light energy for use in photosynthesis. Carotenoids are essential anti-oxidants that play a significant role in animal health and reproduction. Carotenoid-containing foods are generally red, yellow or orange.

Request a sample of the Carotenoids Market report @ https://www.reportsanddata.com/sample-enquiry-form/1269

Carotenoids are extensively used as coloring agents in food and beverages industry. Nevertheless, with biotechnological advancements coupled with innovations in recombinant DNA technology, the extraction of carotenoids is now commercially feasible. Owing to this, there is an increase in the production of carotenoid-based products. The rise in consumer awareness regarding the health benefits of carotenoid-based supplements and fortified foods has led to the use of such products as a preventive measure against various health conditions including arthritis, diabetes, obesity, cancer, macular degeneration, and skin damage among others.

The growth in the market demand for functional foods is also estimated to propel the market demand for carotenoids. The carotenoid market is projected to rise significantly in the forecast period owing to high demand in end-use applications comprising food & beverages, animal feed, dietary supplements, personal care, and pharmaceuticals among others.

Key participants include BASF, Allied Biotech, AquaCarotene, Algatechnologies, Kemin Industries, Cyanotech Corp., Brenntag, Divis Laboratories, Naturex SA, DSM Nutritional Products, D.D. Williamson, Lycored, FMC Corporation, and EID Parry.

Eating carotenoid-rich foods can protect healthy cells in the eye and inhibit the growth of cancerous cells. One of the principal reasons for blindness is macular degeneration. Presence of the long system of alternating double and single bonds in carotenoids allows them to absorb light rays in the visible range of the spectrum. This characteristic is particularly beneficial to eyes, where lutein, zeaxanthin, and meso-zeaxanthin efficiently absorb blue light. Based on the density of the carotenoid pigment present in the macula, about 90% of blue light can be absorbed by these pigments. Reduction in the amount of short wavelength that reaches the vital parts of the eye may protect them from oxidative damage caused by light.

For the purpose of this report, Reports and Data have segmented global carotenoid market on the basis of type, source, extraction, application, and region:

Type Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)

  • Beta-Carotene
  • Alpha-Carotene
  • Lycopene
  • Lutein
  • Zeaxanthin
  • Beta-Cryptoxanthin
  • Astaxanthin
  • Others

Source Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)

  • Natural
  • Synthetic

 

Extraction Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)

  • Conventional Process (using organic solvents or vegetable oils)
  • Supercritical Fluid Extraction

 

Application Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)

  • Food & Beverages
  • Animal Feed
  • Dietary Supplements
  • Personal Care
  • Pharmaceuticals
  • Others

 

Regional Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

 

Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/1269

 

Further key findings from the report suggest

  • Beta-carotene accounted for more than 20% of the market share in the year 2020 and is projected to have a growth rate of 3.6% during the forecast period. The application of beta-carotene as a colorant, antioxidant, and as a rich source of vitamin A in food & beverages, animal feed, dietary supplements, personal care products, and pharmaceuticals is expected to propel the market growth.
  • Natural sources of production of carotenoids are forecasted to observe the highest growth rate of 3.8% in the forecast period. Rising consumer awareness about the health benefits and the gains associated with natural products is projected to boost market demand throughout the forecast period.
  • At present, carotenoids are mostly used as additives and dyes in human and animal foods. Animal feed segment dominated the market and held more than 40% of the carotenoids market with a growth rate of 3.5% in the forecast period.
  • Europe contributed to the largest market share in the forecast period with USD 0.63 billion in 2020 due to the increasing demand for health supplements and animal feed.

 

To know more about the report, visit @ https://www.reportsanddata.com/report-detail/carotenoids-market

 

Highlights of the TOC:

Chapter 1. Market Synopsis

    1.1. Market Definition

    1.2. Research Scope & Premise

    1.3. Methodology

    1.4. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2016-2026

Chapter 3. Indicative Metrics

Chapter 4. Carotenoids Segmentation & Impact Analysis

    4.1. Carotenoids Material Segmentation Analysis

    4.2. Industrial Outlook

         4.2.1. Market indicators analysis

         4.2.2. Market drivers analysis

                 4.2.2.1. Growth of end-use Industries.

Continued…

 

Read our Blog @

https://reportsanddata.com/blog/top-8-food-industry-trends

https://www.reportsanddata.com/blog/top-10-cosmetics-and-beauty-industry-trends

https://www.reportsanddata.com/blog/top-10-luxury-furniture-brands

https://www.reportsanddata.com/blog/top-10-home-appliances-brands

 

Thank you for reading the report. The report can be customized as per the requirements of the clients. For further information or query about customization, please reach out to us, and we will offer you the report best suited for your needs.

 

About Us:

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

 

Comments

Post a Comment

Popular posts from this blog

Transportation Ticket Vending Machine (TVM) Market competitive Landscape, Revenue Analysis, 2027

The global Transportation Ticket Vending Machine (TVM) market research report is an investigative study that offers a panoramic view to offer a holistic understanding of the market scenario in terms of market share, market size, revenue growth, technological developments, product advancements, market volume, materials, and an overall industry overview of the Transportation Ticket Vending Machine (TVM) market. The report is formulated by authentic information and industry wide data that offers accurate forecast estimation of growth of the market along with revenue CAGR for the period of 2021-2028. The report also provides strategic recommendation to the new entrants as well as established players to help them capitalize on the lucrative market growth prospects. The report also includes SWOT analysis and Porter’s Five Forces analysis to offer clear understanding of the competitive landscape of the market. Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/...
Read more

Serial Port Server Market Share Analysis, Market Growth Forecast, 2020–2027

Global Serial Port Server Market research report is an extensive analysis of the Serial Port Server market and covers a thorough analysis of the competitive landscape, applications, product types, top companies, and regional spread. All the findings and data have been gathered through extensive primary and secondary research and have been validated by industry experts and research analysts. The report also provides a comprehensive analysis of the drivers, restraints, limitations, threats, and growth opportunities of the market. The report covers a comprehensive industrial chain analysis and value chain analysis and provides insights into upstream raw materials, downstream buyers, and overall industry overview. The report describes in detail the dynamic changes in the business landscape of the FMCG industry and provides accurate forecast estimates. The report further provides crucial insights into key drivers, restraints, growth prospects, and opportunities expected to influence mark...
Read more

Organic Starch Market Size, Company Revenue Share, Key Drivers & Trend Analysis, 2020–2026

According to the current analysis of Reports and Data, the global  Organic Starch market  was valued at USD 36.27 Billion in 2018 and is expected to reach USD 52.19 Billion by year 2026, at a CAGR of 4.6%. As the lifestyle of people today comprises of long working hours, there is a surging demand for ready-to-eat convenience foods, that are easily available in retail stores. Organic starch is an important bulking, sweetening and binding agent in such applications. It also finds important applications in the textile and pharmaceuticals industry, in applications like textile sixing of cotton clothes and diluting, binding and lubrication processes. It is due to such desirable properties that organic starch is observed to be gaining a significant traction on a global level. While the developed European and American economies currently hold a large market share both in production and consumption of organic starch, the Asia Pacific region along with other emerging economies is exp...
Read more