PUNE, India, July 6, 2016 /PRNewswire/ --
The report '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', The global carotenoids market is estimated to be valued at USD 1.24 Billion in 2016 and projected to reach USD 1.53 Billion by 2021, at a CAGR of 3.78% from 2016 to 2021.
(Logo: http://photos.prnewswire.com/prnh/20160303/792302 )
Browse 75 market data Tables and 55 Figures spread through 193 Pages and in-depth TOC on "Carotenoids Market"
http://www.marketsandmarkets.com/Market-Reports/carotenoid-market-158421566.html
Early buyers will receive 10% customization on this report.
Large numbers of end-use applications, usage in preventive healthcare and nutraceuticals, and the growing importance of food quality and appearance have been of importance to the growth of the global carotenoids market. Carotenoids have high nutritious properties which help prevent fatal diseases such as cancer, diabetes, cataract, and tumor. Along with this, carotenoids contain a coloration pigment named carotene which is responsible for imparting red, yellow, and orange color in plants and animals thus increasing the need and usage of carotenoids especially for meat, meat products, and fish. The coloration of all animal products play a significant role in deciding their commercial value and thus the use of carotenoids for enhancing the appearance of the meat and fish products adds to the profitability of their suppliers. Hence, carotenoids will be viewed as a business opportunity in the next five years. As a result, many multinational players have entered into the production of varied types of carotenoids which can be used in different applications.
Significant growth expected in the supplements segment
Carotenoids find a wide range of end use applications. It can be used in feed, food, supplements, cosmetics, and pharmaceuticals. Due to rising health consciousness of consumers and changing lifestyles, the consumers demand high quality health supplements comprising health benefits such as immunity boosters, and richness in proteins and vitamins. Carotenoids are major additives used in health supplements due to their various medicinal properties. Thus, the use of carotenoids in supplements is expected to rise in the next few years.
Speak to Analyst: http://www.marketsandmarkets.com/speaktoanalyst.asp
Beta-carotene is expected to be the fastest-growing segment during the forecast period
The major types of carotenoids are astaxanthin, beta-carotene, lutein, canthaxanthin, lycopene, and zeaxanthin. The beta-carotene segment is projected to be the fastest-growing market from 2016 to 2021. Rising demand for natural beta-carotene due to its high effectiveness and medicinal properties is triggering the market for beta-carotene.
Increasing health consciousness, high investment in R&D, and cost-effective solutions key to success in the European region
Europe is one of the largest contributors to the global carotenoids due to the increase in usage of carotenoids through health supplements and in animal feed. Germany and France constituted the largest country-level markets in the European region in 2015. The well-established economies allowing investments in research & development, government involvement towards the healthcare facilities and promotion of preventive measures, and the well-established cosmetics industry demanding natural coloration are the major factors influencing the growth of the carotenoids market in Europe.
This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. It includes the profiles of leading companies such as 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.).
Browse related reports:
Feed Phytogenics Market by Type (Essential Oils, Herbs & Spices, Oleoresins, and Others), Livestock (Swine, Ruminants, Aquatics, Equine, Poultry, and Others), Function, & by Region - Global Trends & Forecast to 2021 http://www.marketsandmarkets.com/Market-Reports/feed-phytogenic-market-162036047.html
Feed Pigment Market by Type (Carotenoids, Curcumin, Caramel, Spirulina & Others), Carotenoids Source (Natural & Synthetic), Livestock (Swine, Cattle, Poultry, Aquatic Animals & Others), & by Region - Global Trends & Forecasts to 2020 http://www.marketsandmarkets.com/Market-Reports/feed-pigment-market-206152828.html
About MarketsandMarkets
MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/food-and-beverage
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
SOURCE MarketsandMarkets
Share this article