Food industry is predicted to boost the expansion of the global carotenoids market over the next few years because of the utilization of carotenoids to bring back natural colors in food products, according to a study by RationalStat

The report, titled "Global Carotenoids Market" assesses the carotenoids market worldwide upon origin, type, usage and region.A thorough report offers an in-depth historical and forecast market size, along with a trend analysis. RationalStat offers the market's share, manufacturing analysis and demand analyses manufacturing capabilities of the most prominent players, as well as new chemistries. Covid-19 impact analysis and market strategies, competition overview and growth potential areas for players to target.

Marketing Overview and Dynamics diversified use of carotenoids in diverse industries is predicted to increase the size of the global carotenoids industry in the coming years.

The global market for carotenoids is projected to grow by around 4 percent during the 2022-2028 forecast timeframe. The growing awareness of the benefits to health of carotenoids, as well as their importance to normal biological processes, are among the main factors behind the rising demand for carotenoids around the world.

Carotenoids block or decreases creation of the Reactive Oxygen Specificity (ROS) also prevents degradation of DNA, lipids and cells. It also helps to prevent carcinogenesis. Carotenoids block or slows down the production of Reactive Oxygen Species (ROS) and prevents the degradation of DNA, lipids, and cells, as well as preventing carcinogenesis from occurring.

Additionally, the rising demand for nutritional supplements and products in infants and children has increased the growth potential for carotenoids. The rising usage of pharmaceuticals in health prevention, including cancer, offers huge opportunities for manufacturers worldwide.

But, there are certain factors likely to slow growth in the market. The high cost of processing and extraction along with strict regulations for carotenoids, are anticipated to slow the development of the carotenoids market over the next few years. Additionally, certain features like low water solubility, carotenoids oxygen, heat sensitivity, and the large particle sizes are just a couple of factors that restrict their use in the pharmaceutical industry.

Additionally, the usage of carotenoids as a component of animal nutrition for the pigmentation of egg yolks, skin of broilers seafood, fish, and crustaceans is anticipated to increase the size of the global market for carotenoids over the next few years.

Segmental Analysis

Based on the source, synthetic carotenoids hold a dominant share of the global carotenoids market, however, natural carotenoids are slowly gaining traction in the global carotenoids market.

Based on end use, cosmetics & personal care and food & beverage segments collectively hold a dominant share in the global carotenoids market however, the use of carotenoids for other uses is rapidly growing traction in the global carotenoids market.

Based on region, Europe holds a prominent share of the global carotenoids market due to the increasing health consciousness among the population coupled with the presence of key market players presence in major economies like Germany, Denmark, and the Netherlands among others are expected to further create a pool of opportunities in the market.

Competition Analysis: The growing demand for natural skincare cosmetics and food products are anticipated to favor the growth of the global carotenoids market in the upcoming years

Due to the presence of many well-established companies in the global carotenoids market, there is intense competition in the global carotenoids market. The versatile application of carotenoids is expected to augment its demand across various industries in the forthcoming years.

Acquisitions, product launches, and partnerships are the identified industry trend in the global carotenoids market. Key market players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market.

In September 2021, Divis Laboratories launched CaroNat, a food ingredient naturally intended for the dark yellow to orange coloration for several food and beverage products, including dairy products.

In March 2019, Kemin Animal Nutrition and Health announced the addition of Organic KEM GLO to its comprehensive line of carotenoids, commonly known as pigments. Organic KEM GLO is a USDA-certified organic additive that helps organic egg producers intensify the color of egg yolks.

Some of the prominent players that contribute significantly to the market growth include Chr. Hansen Holding A/S, Koninklijke DSM N.V., Döhler GmbH, Allied Biotech Corp., Lycored Corp., BASF SE, Kemin Industries Inc., Cyanotech Corp., Divis Laboratories Ltd., FMC Corp., Novus International Inc., and Sensient Colors LLC among others. 

RationalStat has segmented the global carotenoids market on the basis of source, type, end-use, and region.

By Source
oNatural
oSynthetic

By Type
oCarotene
Alpha-Carotene
Beta-Carotene
oBeta-Cryptoxanthin
oLutein
oLycopene
oAstaxanthin
oZeaxanthin
oOthers (Canthaxanthin etc.)

By End Use
oFood & Beverage
oCosmetics & Personal Care
oNutraceuticals
oAnimal Feed & Nutrition
oOthers (Pharmaceuticals etc.)

By Region
oNorth America
US
Canada
oLatin America
Brazil
Mexico
Rest of Latin America
oWestern Europe
Germany
UK
France
Spain
Italy
Rest of Western Europe
oEastern Europe
Russia
Poland
Rest of Eastern Europe
oAsia Pacific
China
Japan
India
South Korea
Australia
ASEAN (Indonesia, Vietnam, Malaysia, etc.)
Rest of Asia Pacific
oMiddle East & Africa
GCC
South Africa
Turkey
Rest of the Middle East & Africa

For more information about this report: https://store.rationalstat.com/store/global-carotenoids-market-analysis-forecast/

RationalStat is an end-to-end US-based market intelligence and consulting company that provides comprehensive market research reports along with customized strategy and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.

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