Carotenoids Market 2019-2025
発行: Orion Market Research Pvt Ltd
Market Size, Share & Trends Analysis Report, By Product (Astaxanthin, Capsanthin, Lutein, Beta-carotene, Lycopene, and others), By Source (Synthetic and Natural), By Application (Nutraceutical, Pharmaceutical, Poultry Feed, Human Food, and Others) and Forecast, 2019-2025.
Carotenoids are significantly beneficial for human health as it has an essential antioxidant function that can play a crucial role to reduce the risk of cancer and eye diseases. Zeaxanthin and lutein may be highly protective for eye diseases as they absorb damaging blue light that enters the eye. In addition, beta-carotene may offer added benefits owing to its ability to be converted to vitamin A. Carotenoids also contain immune system and anti-inflammatory benefits and are sometimes concerned with CVD prevention. The major factors encouraging the growth of the market include increasing application in pharmaceutical and food and the rising awareness regarding the health benefits of carotenoids.
Carotenoids are mostly used in pharmaceutical industry owing to its benefits associated with price, solubility, resistance to oxygen degradation, and color range. As carotenoids are a source of vitamin A and contain antioxidant properties, its use is increasing significantly in pharmaceuticals. As a result, it can protect cells, organs, and tissues against the damaging effects of free radicals, which if not protected, may lead to cancer, heart disease, and eye disease. Therefore, the adoption of carotenoids is increasing significantly in pharmaceutical applications.
The global carotenoids market is further analyzed on the basis of regions, such as North America, Europe, Asia-Pacific, and Rest of the World. Europe is estimated to account for a significant share in the global carotenoids market in 2018 owing to the significant rise in the animal feed industry and rising demand for nutritional products in the region. Asia-Pacific is estimated to witness considerable growth in the global carotenoids market during the forecast period. Increased focus on health and wellness among the population and rising disposable income in the region is anticipated to drive the growth of the market in the region.
Some of the players operating in the global carotenoids market include Kemin Industries Inc., FMC Corp., Allied Biotech Corp., BASF SE, DSM, and many others. These companies adopt various strategies such as geographical expansion, merger, and acquisition, partnership & collaboration to expand market share and gain a competitive advantage over their competitors.
The market study of the global carotenoids market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.
The report is intended for manufacturers of natural colorants, carotenoids, raw material suppliers, carotenoid products importers and exporters, pharmaceutical manufacturers and suppliers, fertilizer manufacturers, animal feed suppliers, cosmetic manufacturers, and others for overall market analysis and competitive analysis. The report provides in-depth analysis on market size, products offered by the companies, and future market opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.