World Carotenoids Market to Register 3.78% CAGR to 2021, Forecasts M&M in Its Report Available at MarketPublishers.com
18 Jul 2016 • by Natalie Aster
LONDON – Worldwide, the carotenoids market is projected to be estimated at USD 1.53 billion by 2021-end, registering 3.78% CAGR. The market growth is fuelled by factors like customers’ surging consciousness about health, expanding end user applications of carotenoids, and surging preference for natural coloration. The industrialisation of poultry, pork, and aquaculture business and the surging focus on the appearance and quality of meat, meat products, and fish are factors giving a boost to the demand of carotenoids in the animal feed industry.
Based on product type, astaxanthin grabbed the lion’s portion of the marketplace in 2015, with beta-carotene and lutein following after. Astaxanthin has become popular owing to its functional characteristics, ease of availability, and use in nearly all the industrial sectors.
Application-wise, the animal feed sector takes the lead and the demand for carotenoids in the sector is surging on account of the rising preference for meat products, meat, and fish of good quality.
Europe captures the majority share of the market as of 2015, with North America coming second as of 2015, and is set to see the highest CAGR in the years to come.
New research report “Carotenoids Market” created by M&M analyses the market globally, segmenting it based on types, application, production method, and formulation type. The carotenoids market is also segmented by region, with an all-round examination of each region by examining the key markets.
The study contains granular estimates of the overall carotenoid market by value through to 2021; offers detailed and unprejudiced insights into the competitive scenario, and the development strategies like agreements, expansions, M&As to grab a larger share in the market. It provides an all-round evaluation of major market limiters, driving factors, challenges, opportunities, winning imperatives, and major issues pertaining to the market. The research publication presents an all-round analysis of the value chain; Porter’s five forces analysis; and also projects the future trends in the worldwide carotenoids market.
More new research reports by M&M can be found at its page.