Carotenoids Market is projected to Grow USD 2.93 Billion at a CAGR of 5.78% - Global Trends and Forecasts to 2023

Global Carotenoids Market is projected to grow at a CAGR of 5.78% to reach USD 2.93 Billion by 2023. Increased awareness of the end users about the health benefits of carotenoids has driven the market as supplements, health and paharmaceutical ingredient.

There are proven health benefits of various carotenoids in diseases like diabetes, cancer, and eye disorders. Increasing R&D for the development of high-value natural carotenoids is expected to create new growth opportunities for the market whereas stringent regulatory and approval norms are expected to hinder the growth.

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On the basis of type, the global market is led by the astaxanthin followed by beta-carotene and lutein. The beta-carotene segment is projected to be the fastest-growing type in the carotenoids market due to its increasing application in the food industry. Animal feed was the prominent segment having highest revenue share in 2016. Animals require carotenoids as their bodies cannot get these essential nutrients; thus, these ingredients are added to animal feed as they provide resistance against diseases, which in turn, will drive growth over the forecast period.

Complete report on Carotenoid Market spread across 117 pages, profiling 07 companies and supported with tables and figures. Inquire for more at https://www.orianresearch.com/discount/398483

Carotenoids are key additives used in human health supplements on account of their benefits which include immunity enhancement and activity like vitamins, which in turn, will promote the demand.Europe was the largest market and is expected to witness steady revenue growth from 2017 to 2023 due to rising demand for health supplements and animal feed. Key manufacturers such as L'Or?al, Unilever, Beiersdorf, and Henkel have major presence in Europe. Carotenoids market in the Asia-Pacific region is projected to grow with investments from several multinational manufacturers.

Key Players - identified in the global carotenoids market include BASF SE, Royal DSM N.V, Chr. Hansen A/S, FMC Corporation, Kemin Industries, Inc, and Cyanotech Corporation.

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Key benefit of this report:

*This report provides current market trends and future growth expectations.
*This report examines the market size and changing competitive dynamics
*It covers information regarding key drivers, challenges or restraining market growth
*It provides a five-year forecast assessed on the basis market value chain, Porter's five forces, and supply chain management.
*Market factor analysis delivers treasured information regarding the possible purchasers and suppliers and understanding the stakeholders involved.
*This report incorporates data regarding companies and business decision by having complete insights on the markets and by creating in depth analysis of market segments.

Target Audience:

*Carotenoids manufacturers
*Carotenoid raw material suppliers
*Carotenoid product exporters & importers
*Animal feed suppliers
*Cosmetics manufacturers and suppliers
*Fertilizers manufacturers
*Pharmaceutical manufacturers and suppliers

Table of Content
1 Executive Summary
2 Demographic Overview
3 Research Methodology
4 Premium Insights
5 Market Overview
6 Market Factor Analysis
7 Global Carotenoid Market By Application
8 Global Carotenoid Market By Type
9 GLOBAL CAROTENOIDS MARKET BY FORMULATION
10 Global Carotenoid Market By Application
11 Global Market Carotenoid Market Analysis By Region
12 Market Trends & competitive Analysis
13 Company Profiles

Contact Info:
Name: Ruwin Mendez
Email: Send Email
Organization: Orian Research
Website: https://www.orianresearch.com/

Release ID: 253674