Carotenoids - Global Market Outlook (2016-2022)
According to Stratistics MRC, the Global Carotenoids market is accounted for $1.23 billion in 2015 and is expected to reach $1.81 billion by 2022 growing at a CAGR of 5.6%. Increasing demand for natural colorants, physical condition benefits, rising end-user applications and management promotions are the major factors driving the market growth. The factors that are restraining the market are stringent government policies, lack of awareness in emerging countries and over usage of carotenoids. Lack of awareness about cancer symptoms and adulteration are the major challenges faced by the market.
Asia Pacific market is expected to dominate the trend during the forecast period on account of increasing utilization of 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 fuel the Asia Pacific region. Based on application the food and beverages industry is expected to witness significant growth in the upcoming period due to increase in demand for functional and fortified foods.
The key players in the market include FMC Corporation, Chr. Hansen A/S, Kemin Industries, Inc., Allied Biotech Corporation, Cyanotech Corporation, Carotech Berhad, Döhler Group, BASF SE, D.D. Williamson & Co., Inc, Koninklijke DSM N.V., ExcelVite Sdn. Bhd., Brenntag AG, DSM Nutritional Products, Divis Laboratories, Naturex SA, Lycored Ltd, Algatechnologies, Ltd., DDW The Color House, ZMC, AquaCarotene Ltd., Chlostanin Nikken Nature Co. Limited, Doehler Group SE, EID Parry Ltd., Farbest Brands, Guangzhou Leader Bio-Technology Co., Ltd, Muradel Pty Ltd., Novus International, Inc, PAT Vitamins Inc., Seambiotic Ltd, Sensient Technologies Corporation and Valensa International LLC.
Capsanthin and Paprika Extracts
Food & Beverages
Formulation Types Covered:
Method of Productions Covered:
Extraction from Botanical Material
Rest of Europe
Rest of Asia Pacific
Rest of the World
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Market share assessments for the regional and country level segments
Market share analysis of the top industry players
Strategic recommendations for the new entrants
Market forecasts for a minimum of 8 years of all the mentioned segments, sub segments and the regional markets
Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
Strategic recommendations in key business segments based on the market estimations
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Company profiling with detailed strategies, financials, and recent developments
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