70 likes | 85 Views
The study take a closer look at the key driving forces, restraints, and opportunities responsible for determining the future of the market, for the forecast period 2019 - 2026.
E N D
Carotenoids Market To Reach USD 2.19 Billion By 2026 www.reportsanddata.com sales@reportsanddata.com
Market Summary Rising demand for carotenoid supplements in treating Vitamin-A deficiency is estimated to stimulate market demand. Market Size – USD 1.65 billion in 2018, Market Growth - CAGR of 3.5%, Market Trends – Increased investment in R&D to develop high-quality natural carotenoid The global carotenoids market is expected to reach USD 2.19 Billion by 2026, 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.
Our Approach Market Summary 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. 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. Request for a sample of this research report @ https://www.reportsanddata.com/sample-enquiry-form/1269
Our Approach Market Summary Further key findings from the report suggest Beta-carotene accounted for more than 20% of the market share in the year 2018 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 2018 due to the increasing demand for health supplements and animal feed…Continued To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/carotenoids-market
Our Approach Market Summary Key participants 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. Segments covered in the report: Type Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026) Beta-Carotene Alpha-Carotene Lycopene Lutein Zeaxanthin Beta-Cryptoxanthin Astaxanthin Others Source Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026) Natural Synthetic
Our Approach Market Summary Application Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026) Food & Beverages Animal Feed Dietary Supplements Personal Care Pharmaceuticals Others Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2026) North America Europe Asia Pacific MEA Latin America Others Order Now: https://www.reportsanddata.com/checkout-form/1269
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. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Contact Us: John Watson Head of Business Development Reports And Data | Web: www.reportsanddata.com Direct Line: +1-212-710-1370 E-mail: sales@reportsanddata.com Our Approach About Us