Cartenoid Market - Forecasts from 2019 to 2024
The carotenoid market is projected to grow at a CAGR of 4.17% to reach US$1.732 billion by 2024, from US$1.356 billion in 2018. Carotenoids are a class of more than 750 naturally occurring pigments that are responsible for right red, yellow and orange hues in various fruits and vegetables and are found in the cells of a wide variety of plants, algae, and bacteria. They help plants absorb light energy for use in photosynthesis and also act as antioxidants in the human body. In addition, some carotenoids can be converted into vitamin A, an essential component for human health and growth. Carotenoids are mostly used as food coloring agents. North America and Europe together hold significant market share and are expected to maintain its dominance during the forecast period.
Rising awareness about the medicinal application of carotenoids and increasing demand for natural colorants are considered as key drivers for the growth of the market during the forecast period. In addition, increasing application of carotenoid in the various end-user industry further propel the market growth opportunities in the coming years. However, the harmful effects of the high doses of carotenoid may restrain the market growth opportunities in the coming years.
The Carotenoid Market – Forecasts from 2019 to 2024” is an exhaustive study that aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by type, application, and geography.
Based on type, the market has been segmented as Lutein and zeaxanthin, Beta-carotene, Lycopene, and others. On the basis of application, the market is segmented into food and beverages, pharmaceutical and others.
Regional analysis has been provided with detailed analysis and forecast for the period 2019 to 2024. The global market has been broken down into North America, South America, Europe, Middle East and Africa, and the Asia Pacific regions. The report also analyzes major countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.
Major players in the carotenoids market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the carotenoid market.
Segmentation:
Rising awareness about the medicinal application of carotenoids and increasing demand for natural colorants are considered as key drivers for the growth of the market during the forecast period. In addition, increasing application of carotenoid in the various end-user industry further propel the market growth opportunities in the coming years. However, the harmful effects of the high doses of carotenoid may restrain the market growth opportunities in the coming years.
The Carotenoid Market – Forecasts from 2019 to 2024” is an exhaustive study that aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by type, application, and geography.
Based on type, the market has been segmented as Lutein and zeaxanthin, Beta-carotene, Lycopene, and others. On the basis of application, the market is segmented into food and beverages, pharmaceutical and others.
Regional analysis has been provided with detailed analysis and forecast for the period 2019 to 2024. The global market has been broken down into North America, South America, Europe, Middle East and Africa, and the Asia Pacific regions. The report also analyzes major countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.
Major players in the carotenoids market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the carotenoid market.
Segmentation:
- By Type
- Lutein and zeaxanthin
- Beta-carotene
- Lycopene
- Others
- By Application
- Food and Beverages
- Pharmaceutical
- Others
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- UK
- Germany
- Italy
- Spain
- Others
- Middle East and Africa (MEA)
- Israel
- Saudi Arabia
- Others
- Asia Pacific (APAC)
- China
- Japan
- India
- Australia
- Others
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. CAROTENOID MARKET BY TYPE
5.1. Lutein and zeaxanthin
5.2. Beta-carotene
5.3. Lycopene
5.4. Others
6. CAROTENOID MARKET BY APPLICATION
6.1. Food and Beverages
6.2. Pharmaceutical
6.3. Others
7. CAROTENOID MARKET BY GEOGRAPHY
7.1. North America
7.1.1. USA
7.1.2. Canada
7.1.3. Mexico
7.2. South America
7.2.1. Brazil
7.2.2. Argentina
7.2.3. Others
7.3. Europe
7.3.1. UK
7.3.2. Germany
7.3.3. Italy
7.3.4. Spain
7.3.5. Others
7.4. Middle East and Africa
7.4.1. Israel
7.4.2. Saudi Arabia
7.4.3. Others
7.5. Asia Pacific
7.5.1. China
7.5.2. Japan
7.5.3. India
7.5.4. Australia
7.5.5. Others
8. COMPETITIVE INTELLIGENCE
8.1. Competitive Benchmarking and Analysis
8.2. Strategies of Key Players
8.3. Recent Investments and Deals
9. COMPANY PROFILE
9.1. BASF SE
9.2. Allied Biotech Corp
9.3. EID Parry Ltd
9.4. Algatechnologies Ltd
9.5. Chr. Hansen A/S
9.6. DDW, The Color House
9.7. Farbest Brands
9.8. ExcelVite Sdn. Bhd.
9.9. Sensient Technologies Corporation
9.10. Kemin Industries, Inc
List of Figures
List of Tables
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. CAROTENOID MARKET BY TYPE
5.1. Lutein and zeaxanthin
5.2. Beta-carotene
5.3. Lycopene
5.4. Others
6. CAROTENOID MARKET BY APPLICATION
6.1. Food and Beverages
6.2. Pharmaceutical
6.3. Others
7. CAROTENOID MARKET BY GEOGRAPHY
7.1. North America
7.1.1. USA
7.1.2. Canada
7.1.3. Mexico
7.2. South America
7.2.1. Brazil
7.2.2. Argentina
7.2.3. Others
7.3. Europe
7.3.1. UK
7.3.2. Germany
7.3.3. Italy
7.3.4. Spain
7.3.5. Others
7.4. Middle East and Africa
7.4.1. Israel
7.4.2. Saudi Arabia
7.4.3. Others
7.5. Asia Pacific
7.5.1. China
7.5.2. Japan
7.5.3. India
7.5.4. Australia
7.5.5. Others
8. COMPETITIVE INTELLIGENCE
8.1. Competitive Benchmarking and Analysis
8.2. Strategies of Key Players
8.3. Recent Investments and Deals
9. COMPANY PROFILE
9.1. BASF SE
9.2. Allied Biotech Corp
9.3. EID Parry Ltd
9.4. Algatechnologies Ltd
9.5. Chr. Hansen A/S
9.6. DDW, The Color House
9.7. Farbest Brands
9.8. ExcelVite Sdn. Bhd.
9.9. Sensient Technologies Corporation
9.10. Kemin Industries, Inc
List of Figures
List of Tables
