DUBLIN, Apr. 22, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/pxwcqv/carotenoids) has announced the addition of the "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 2019" report to their offering.
The market was valued at $1,161.78 million in 2013. It is projected to grow at a CAGR of 3.5% from 2014 to reach $1,428.12 million by 2019
Carotenoids are one of the most important classes of plant pigments and play a very important role in defining the quality parameter of fruit and vegetables. Carotenoids are found mainly in plants, algae, and photosynthetic bacteria; however humans and animals have to rely upon food as a source of these compounds. Carotenoids are gaining significance due to high health benefits, increasing its end-use application and its easy availability. Aging population of the world, especially in the European and North American countries has also boosted the market globally.
The market was dominated by Europe in 2013, which accounted for around 42% of the total carotenoids market. However, Asia-Pacific is projected to be the fastest-growing market for the period considered for this study, due to growing demand for food and animal feed and increasing health awareness amongst people. In terms of applications, animal feed is projected to be the largest market for carotenoids from 2014 to 2019; however the supplements market is projected to be the fastest-growing market for the period under study. On the other hand, natural carotenoids are projected to grow at a CAGR of 4.0% for the period under consideration owing to increasing consumers' preferences for natural products and health awareness and concerns.
The carotenoids market is characterized by intense competition due to the presence of a large number of both large- and small-scale firms. Expansions, acquisitions, agreements, and new product launches are the key strategies adopted by market players to ensure their growth in the market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Carotenoids Market, By Type
8 Carotenoids Market, By Application
9 Carotenoids Market, By Source
10 Carotenoids Market, By Region
11 Competitive Landscape
12 Company Profiles
- Allied Biotech Corporation
- BASF SE
- CHR. Hansen A/S
- Carotech Berhad
- Cyanotech Corporation
- D.D. Williamson & Co., Inc.
- DSM N.V.
- Dohler Group
- FMC Corporation
- Kemin Industries, Inc.
For more information visit http://www.researchandmarkets.com/research/pxwcqv/carotenoids
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SOURCE Research and Markets