Carotenoids Market Projected Reach USD 1.53 Billion by 2021

1. MarketsandMarkets Presents Carotenoids Market Expected to Reach 1.53 Billion USD by 2021

2. The report "Carotenoids Market by Type (Astaxanthin, Beta-Carotene, Canthaxanthin, Lutein, Lycopene, & Zeaxanthin), Source (Synthetic and Natural), Application (Supplements, Food, Feed, and Cosmetics), & by Region - Global Trends & Forecasts to 2021", The global carotenoids market is estimated to be valued at USD 1.24 Billion in 2016 and projected to reach USD 1.53 Billion by 2021, at a CAGR of 3.78% from 2016 to 2021. • Browse • 79 market data Tables • 52 Figures • 171 Pages and in-depth TOC on "Carotenoids Market ” • You can speak to our analyst@ • http://www.marketsandmarkets.com/speaktoanalyst.asp?id=158421566

3. Source: MarketsandMarkets Analysis

4. The global carotenoids market is estimated to be valued at USD 1.24 Billion in 2016 and projected to reach USD 1.53 Billion by 2021, at a CAGR of 3.78% from 2016 to 2021. With the increasing demand for enhanced food quality and appearance due to the increasing number of health-conscious consumers and the rising demand for natural coloration, the use of natural carotenoids is expected to enhance the market growth. The global carotenoids market is segmented on the basis of type, application, method of production, and formulation type. It is further segmented on the basis of regions into North America, Europe, Asia-Pacific, Latin America, and Rest of the World (RoW). The main objectives of the report are to define, segment, and project the market size of the global carotenoids market with respect to the above-mentioned segmentations and provide a detailed study of key factors influencing the growth of the market along with profiling the key players in the market and their core competencies. Years considered for this report 2015 – Base Year2016 – Estimated Year2021 – Projected Year There are various applications of carotenoids, such as food, feed, supplements, cosmetics, and pharmaceuticals. Carotenoids are used on a large scale in animal feed due to their high nutritive value and the pigmentation present in them which increase the palatability of the feed as well as enhance the appearance of meat, meat products, and fish.

5. Key players identified in the global carotenoids market include BASF SE (Germany), Royal DSM N.V. (The Netherlands), Chr. Hansen A/S (Denmark), FMC Corporation (U.S.), Kemin Industries, Inc. (U.S.), and Cyanotech Corporation (U.S.). Most key participants have been exploring new regions through new product launches, collaborations, and acquisitions across the globe to avail a competitive advantage through combined synergies. Since 2011, the carotenoids market has witnessed an increase in demand, especially in countries such as the U.S., Spain, U.K., India, Mexico, and Brazil. • Target Audience • The stakeholder’s for the report includes: • Carotenoids manufacturers • Carotenoid raw material suppliers • Carotenoid product exporters & importers • Animal feed suppliers • Cosmetics manufacturers and suppliers • Fertilizers manufacturers • Pharmaceutical manufacturers and suppliers • “The study answers several questions for stakeholders, primarily which market segments to focus on in the next two to five years for prioritizing efforts and investments.”

6. Scope of the Report: • This study estimates the global market of carotenoids, in terms of dollar value, till 2021 • It offers a detailed qualitative and quantitative analysis of this market with reference to the competitive landscape, and the preferred development strategies such as agreements, expansions, mergers, and acquisitions to gain a larger share in the market. • It provides a comprehensive review of major market drivers, restraints, opportunities, challenges, winning imperatives, and key issues of the market. • It covers various important aspects of the market. These include analysis of value chain, Porter’s Five Forces model, competitive landscape, market dynamics, market estimates in terms of value, and future trends in the carotenoids market. • The carotenoids market has been segmented into – • On the basis of Type: • Astaxanthin • Beta-carotene • Lutein • Lycopene • Canthaxanthin • Zeaxanthin • Others (annatto, capsanthin, fucoxanthin, and trans-β-apo-8'-carotenal)

7. On the basis of Application: • Feed • Food • Supplements • Cosmetics • Pharmaceuticals • On the basis of Method of Production: • Chemical synthesis • Extraction from botanical material • Fermentation • Algae route • On the basis of Formulation Type: • Oil suspensions • Beadlets • Powders • Emulsions • On the basis of Region: • North America • Europe • Asia-Pacific • Latin America • RoW (South Africa and the Middle East)

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