Global
Carotenoids Market: Overview
The
global market for carotenoids is likely to witness lucrative growth
opportunities, thanks to the growing scope of carotenoids in the
medical and healthcare industry, on account of its recently
discovered health benefits. Its efficiency in preventing prostate
cancer and curing various age-related macular degeneration diseases
is anticipated to reflect positively on the growth of this market
over the next few years.
View
exclusive Global strategic Business report :
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1090
Currently,
the rising preference of consumers for natural and organic products
and the increasing commercial scope of carotenoids in animal feeds
and supplements are acting as the key growth driver of this market.
The antioxidative feature of carotenoids makes it more viable
medically and is influencing its demand in the healthcare industry
substantially. However, the limited number of carotenoids in the
market and the lack of research and development in emerging economies
may hamper the market’s growth to some extent in the near future.
The
main objective of this market report is to offer a clear picture and
a deep insight into the worldwide market for carotenoids, examining
its historical performance and present status. The prominent trends,
growth drivers, obstructions, challenges, opportunities, and future
potential of this market have also been analyzed thoroughly in this
research study.
Global
Carotenoids Market: Trends and Opportunities
Beta-carotene,
canthaxanthin, astaxanthin, and annatto are the main carotenoids
commercially available across the world. Among these, the demand for
beta-carotene is greater as is closely followed by astaxanthin. With
the considerable increase in the number of algae-derived and
synthetic beta-carotenes, the competition in this market has
intensified and consequently, has led to a reduction in beta-carotene
prices.
Food,
animal feed, cosmetics, supplements, and pharmaceuticals have emerged
as the key application areas for carotenoids, globally. Thanks to the
high nutritive value of carotenoid and the pigmentation present in it
that raises the palatability of the feed and enhance the appearance
of fish, meat, and meat products, its usage in animal feed is likely
to increase substantially in the near future.
Global
Carotenoids Market: Geographical Analysis
Among
all the regional markets for carotenoids, Europe has a strong
presence due to the growing demand for animal feed and health
supplements. A robust cosmetics industry, supported by the presence
of the leading cosmetic producers, such as Unilever, L'Oréal,
Henkel, and Beiersdorf, is expected to impact the growth of Europe
market for carotenoids positively in the near future.
On
the other hand, Asia Pacific is anticipated to witness lucrative
growth opportunities in the near future on account of the increasing
utilization of these additives in animal feed and food supplement.
The technological advancements, economic rise, industrial growth, and
low production costs in several countries, such as Japan, China, and
India are also projected to stimulate the Asia Pacific market for
carotenoids in the years to come.
Companies
Mentioned in the Research Report
With
the presence of a large number of players, the global market for
carotenoids is demonstrating a highly fragmented and a competitive
landscape. BASF SE, Lycored, Royal DSM N.V., Naturex SA, Chr. Hansen
A/S, Divis Laboratories, FMC Corp., DSM Nutritional Products,
Cyanotech Corp., Brenntag, Kemin Industries Inc., ExcelVite SDN.
BHD., D.D. Williamson & Co. Inc., Allied Biotech Corp., and
Döhler Group, are the leading vendors of carotenoids across the
world.
No comments:
Post a Comment