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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

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

“Global carotenoids market projected to grow at a CAGR of 3.78%”

The global carotenoids market is projected to reach a value of USD 1.53 billion by 2021, growing at a CAGR of 3.78% from 2016 to 2021. The market is driven by factors such as increasing health consciousness among the customers, rising end-use applications of carotenoids, and increasing preference for natural coloration. The industrialization of pork, poultry, and aquaculture business and the rising focus on the quality and appearance of meat, meat products, and fish are factors driving the demand of carotenoids in the animal feed sector.

“Astaxanthin accounted for the largest market share in 2015 among the types of carotenoids”

On the basis of type, carotenoids are segmented into astaxanthin, beta-carotene, lutein, lycopene, canthaxanthin, and zeaxanthin. Among these, astaxanthin accounted for the largest market share in 2015, followed by beta-carotene and lutein. Astaxanthin is used on a large scale due to its functional qualities, easy availability, and application in almost all the industrial sectors.

“Animal feed segment led the market with the largest share in 2015”

On the basis of application, the carotenoids market is led by the feed segment, followed by the supplements and food segments. The demand for carotenoids in animal feed is increasing due to the increasing preference for good quality and appearance of meat, meat products, and fish. Along with adding nutrients to the feed, carotenoids also increases the palatability of feed.

“Europe dominated the market with the largest share”

Europe formed the largest market for carotenoids in 2015, whereas North America accounted for the second-largest market share in 2015, and is projected to grow at the highest CAGR from 2016 to 2021. The global carotenoids market is segmented region-wise, with a detailed analysis of each region by studying the key markets. These regions include North America, Europe, Asia-Pacific, Latin America, and the Rest of the World (RoW).

Breakdown of profile of primary participants

 By Company Type: Tier 1 – 36 %, Tier 2 – 42%, and Tier 3 – 22%

 By Designation: C level – 69%, Manager level – 31%

 By Region: North America – 22%, Europe – 56%, Asia-Pacific – 19%, RoW – 3%

Key players identified in the 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.). Along with these companies, the other players that have a strong presence in the carotenoids market include D.D. Williamson & Co., Inc. (U.S.) Allied Biotech Corporation (Taiwan), ExcelVite Sdn. Bhd. (Malaysia), and Döhler Group (Germany).

Reasons to buy this report:

From an insight perspective, this research report has focused on various levels of analysis—industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the carotenoids market; high-growth regions; and market drivers, restraints, and opportunities.

The report provides insights on the following pointers:

Market Penetration: Comprehensive information on carotenoids offered by the top players in the global carotenoids market

Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the carotenoids market

Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the markets for carotenoids across regions

Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the global carotenoids market

Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global carotenoids market


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • STUDY SCOPE
      • MARKET COVERED
      • YEARS CONSIDERED
    • CURRENCY
    • UNITS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN & DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS & LIMITATIONS
      • ASSUMPTIONS
      • LIMITATIONS
  • EXECUTIVE SUMMARY
    • OVERVIEW
    • CAROTENOIDS
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE CAROTENOIDS MARKET
    • ASTAXANTHIN: LEADING SEGMENT, BY TYPE
    • CAROTENOIDS MARKET: DEVELOPED VS. DEVELOPING COUNTRIES, 2016-2021 (USD MILLION)
    • EUROPE: LARGEST CAROTENOIDS MARKET
    • FEED: FASTEST-GROWING SEGMENT IN THE CAROTENOIDS MARKET
    • LIFE CYCLE ANALYSIS: BY REGION
  • MARKET OVERVIEW
    • INTRODUCTION
    • MACRO INDICATOR
      • RISING POPULATION
      • GROWING MIDDLE-CLASS POPULATION
      • CHANGING CONSUMPTION PATTERNS
    • MARKET SEGMENTATION
      • BY TYPE
      • BY APPLICATION
      • BY METHOD OF PRODUCTION
      • BY FORMULATION TYPE
    • MARKET DYNAMICS
      • DRIVERS
        • Table THE SOURCES OF CAROTENOIDS IN FRUIT & VEGETABLES AND THEIR MEDICINAL PROPERTIES
      • RESTRAINTS
        • Table APPROVED CAROTENOIDS FOR FOOD & FEED INDUSTRIES BY DIFFERENT ORGANIZATIONS
      • OPPORTUNITIES
      • CHALLENGES
    • PRICING TREND ANALYSIS
      • KEY FACTORS IMPACTING MARKET PRICE
      • PRICE COMPARISON, BY TYPE
        • Table CAROTENOID PRICING, BY TYPE & SOURCE (USD/KG)
    • PRODUCTION PROCESS OF CAROTENOIDS
      • Table NATURAL VS SYNTHETIC CAROTENOID
  • INDUSTRY TRENDS
    • INTRODUCTION
    • VALUE CHAIN ANALYSIS
    • SUPPLY CHAIN ANALYSIS
      • PROMINENT COMPANIES
      • SMALL & MEDIUM ENTERPRISES
      • END USERS
      • KEY INFLUENCERS
    • PORTER'S FIVE FORCES ANALYSIS
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTES
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • INTENSITY OF COMPETITIVE RIVALRY
  • CAROTENOIDS MARKET, BY TYPE
    • INTRODUCTION
      • Table COMMON DIETARY SOURCES OF CAROTENOIDS IN VEGETABLE FOODS (ÌG/100 FRESH WEIGHT)
      • Table CAROTENOIDS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • Table CAROTENOIDS MARKET SIZE, BY TYPE, 2014-2021 (KT)
    • BETA-CAROTENE
      • Table BETA-CAROTENE MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
      • BETA-CAROTENE MARKET, BY SOURCE
        • Table BETA-CAROTENE MARKET SIZE, BY SOURCE, 2014-2021 (USD MILLION)
    • LUTEIN
      • Table LUTEIN MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
      • LUTEIN MARKET, BY SOURCE
        • Table LUTEIN MARKET SIZE, BY SOURCE, 2014-2021 (USD MILLION)
    • LYCOPENE
      • Table LYCOPENE MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
      • LYCOPENE MARKET, BY SOURCE
        • Table LYCOPENE MARKET SIZE, BY SOURCE, 2014-2021 (USD MILLION)
    • ASTAXANTHIN
      • Table ASTAXANTHIN MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
      • ASTAXANTHIN MARKET, BY SOURCE
        • Table ASTAXANTHIN MARKET SIZE, BY SOURCE, 2014-2021 (USD MILLION)
    • ZEAXANTHIN
      • Table ZEAXANTHIN MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
      • ZEAXANTHIN MARKET, BY SOURCE
        • Table ZEAXANTHIN MARKET SIZE, BY SOURCE, 2014-2021 (USD MILLION)
    • CANTHAXANTHIN
      • Table CANTHAXANTHIN MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
      • CANTHAXANTHIN MARKET, BY SOURCE
        • Table CANTHAXANTHIN MARKET SIZE, BY SOURCE, 2014-2021 (USD MILLION)
    • OTHER CAROTENOIDS
      • Table OTHER CAROTENOIDS MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
      • OTHER CAROTENOIDS MARKET, BY SOURCE
        • Table OTHER CAROTENOIDS MARKET SIZE, BY SOURCE, 2014-2021 (USD MILLION)
  • CAROTENOIDS MARKET, BY APPLICATION
    • INTRODUCTION
      • Table CAROTENOIDS MARKET SIZE, BY APPLICATION, 2014-2021 (USD MILLION)
    • SUPPLEMENTS
      • Table SUPPLEMENTS MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • FOOD
      • Table FOOD MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • FEED
      • Table FEED MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • COSMETICS
      • Table COSMETICS MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • PHARMACEUTICALS
      • Table PHARMACEUTICALS MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
  • CAROTENOIDS MARKET, BY REGION
    • INTRODUCTION
      • Table CAROTENOIDS MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
      • Table CAROTENOIDS MARKET SIZE, BY REGION, 2014-2021 (KT)
    • NORTH AMERICA
      • Table NORTH AMERICA: CAROTENOIDS MARKET SIZE, BY COUNTRY, 2014-2021 (USD MILLION)
      • Table NORTH AMERICA: CAROTENOIDS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • Table NORTH AMERICA: CAROTENOIDS MARKET SIZE, BY SOURCE, 2014-2021 (USD MILLION)
      • Table NORTH AMERICA: CAROTENOIDS MARKET SIZE, BY APPLICATION, 2014-2021 (USD MILLION)
      • U.S.
        • Table U.S.: CAROTENOIDS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • CANADA
        • Table CANADA: CAROTENOIDS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • MEXICO
        • Table MEXICO: CAROTENOIDS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
    • EUROPE
      • Table EUROPE: CAROTENOIDS MARKET SIZE, BY COUNTRY, 2014-2021 (USD MILLION)
      • Table EUROPE: CAROTENOIDS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • Table EUROPE: CAROTENOIDS MARKET SIZE, BY SOURCE, 2014-2021 (USD MILLION)
      • Table EUROPE: CAROTENOIDS MARKET SIZE, BY APPLICATION, 2014-2021 (USD MILLION)
      • GERMANY
        • Table GERMANY: CAROTENOIDS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • FRANCE
        • Table FRANCE: CAROTENOIDS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • ITALY
        • Table ITALY: CAROTENOIDS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • THE NETHERLANDS
        • Table THE NETHERLANDS: CAROTENOIDS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • SPAIN
        • Table SPAIN: CAROTENOIDS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • REST OF EUROPE
        • Table REST OF EUROPE: CAROTENOIDS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
    • ASIA-PACIFIC
      • Table ASIA-PACIFIC: CAROTENOIDS MARKET SIZE, BY COUNTRY, 2014-2021 (USD MILLION)
      • Table ASIA-PACIFIC: CAROTENOIDS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • Table ASIA-PACIFIC: CAROTENOIDS MARKET SIZE, BY SOURCE, 2014-2021 (USD MILLION)
      • Table ASIA-PACIFIC: CAROTENOIDS MARKET SIZE, BY APPLICATION, 2014-2021 (USD MILLION)
      • CHINA
        • Table CHINA: CAROTENOIDS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • JAPAN
        • Table JAPAN: CAROTENOIDS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • INDIA
        • Table INDIA: CAROTENOIDS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • MALAYSIA
        • Table MALAYSIA: CAROTENOIDS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • REST OF ASIA-PACIFIC
        • Table REST OF ASIA-PACIFIC: CAROTENOIDS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
    • LATIN AMERICA
      • Table LATIN AMERICA: CAROTENOIDS MARKET SIZE, BY COUNTRY, 2014-2021 (USD MILLION)
      • Table LATIN AMERICA: CAROTENOIDS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • Table LATIN AMERICA: CAROTENOIDS MARKET SIZE, BY SOURCE, 2014-2021 (USD MILLION)
      • Table LATIN AMERICA: CAROTENOIDS MARKET SIZE, BY APPLICATION, 2014-2021 (USD MILLION)
      • BRAZIL
        • Table BRAZIL: CAROTENOIDS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • ARGENTINA
        • Table ARGENTINA: CAROTENOIDS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • REST OF LATIN AMERICA
        • Table REST OF LATIN AMERICA: CAROTENOIDS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
    • REST OF THE WORLD (ROW)
      • Table REST OF THE WORLD: CAROTENOIDS MARKET SIZE, BY COUNTRY, 2014-2021 (USD MILLION)
      • Table ROW: CAROTENOIDS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • Table REST OF THE WORLD: CAROTENOIDS MARKET SIZE, BY SOURCE, 2014-2021 (USD MILLION)
      • Table REST OF THE WORLD: CAROTENOIDS MARKET SIZE, BY APPLICATION, 2014-2021 (USD MILLION)
      • SOUTH AFRICA
        • Table SOUTH AFRICA: CAROTENOIDS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • OTHERS IN ROW
        • Table OTHERS IN ROW: CAROTENOIDS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
  • CAROTENOIDS MARKET, BY METHOD OF PRODUCTION
    • INTRODUCTION
    • CHEMICAL SYNTHESIS
    • EXTRACTION FROM BOTANICAL MATERIAL
      • Table PLANT EXTRACTS CONTAINING CAROTENOIDS
    • FERMENTATION
      • Table MICROORGANISMS USED FOR CAROTENOID PRODUCTION
    • ALGAE ROUTE
  • CAROTENOIDS MARKET, BY FORMULATION TYPE
    • INTRODUCTION
      • Table FORMULATION TYPES OFFERED BY ALLIED BIOTECH CORPORATION
    • OIL SUSPENSIONS
    • BEADLETS
    • POWDERS
    • EMULSIONS
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • COMPETITIVE SITUATION & TRENDS
      • EXPANSIONS
        • Table EXPANSIONS 2010-2016
      • ACQUISITIONS
        • Table ACQUISITIONS, 2010-2016
      • NEW PRODUCT DEVELOPMENTS
        • Table NEW PRODUCT DEVELOPMENTS, 2010-2016
      • AGREEMENTS, COLLABORATIONS, JOINT VENTURES, AND PARTNERSHIPS
        • Table AGREEMENTS, COLLABORATIONS, JOINT VENTURES, AND PARTNERSHIPS, 2010-2016
  • COMPANY PROFILES
    • INTRODUCTION
    • BASF SE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED FOR ANIMAL NUTRITION
      • PRODUCTS OFFERED FOR HUMAN NUTRITION
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • ROYAL DSM N.V.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • CHR. HANSEN A/S
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • FMC CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • CYANOTECH CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • KEMIN INDUSTRIES INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • D.D. WILLIAMSON & CO., INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • DÖHLER GROUP
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • ALLIED BIOTECH CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • EXCELVITE SDN. BHD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • COMPANY DEVELOPMENTS
      • EXPANSIONS
        • Table EXPANSIONS 2010-2016
      • ACQUISITIONS
        • Table ACQUISITIONS, 2010-2016
      • NEW PRODUCT DEVELOPMENTS
        • Table NEW PRODUCT DEVELOPMENTS, 2010-2016
      • AGREEMENTS, COLLABORATIONS, JOINT VENTURES & PARTNERSHIP
        • Table AGREEMENTS, COLLABORATIONS, JOINT VENTURES, AND PARTNERSHIPS, 2010-2016
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