Carotenoids Market Trends and Forecast 2026

From: Fact.MR
Published: Thu Nov 22 2018

The carotenoids market has witnessed various transformations in the current market scenario that are expected to foster the growth of the carotenoids market. With the introduction of next-generation carotenoids by one of the leading carotenoids market players, BASF has redefined the animal nutrition standards. Owing to several decades of experience in formulation and production of carotenoids, BASF has been working diligently towards producing carotenoids for the animal nutrition industry. With high homogeneity, longer shelf life, egg yolk & broiler skin coloring efficacy maintenance, and greater stability the product has passed extensive trials and has been introduced in the European market initially.

The carotenoids market has not only witnessed product introductions but has also showcased strategic partnerships for the distribution of carotenoids that are expected to influence the carotenoids market. Deinove SA, a chemical industry company has teamed with the global chemical and ingredients distributor, Univar for the distribution of their new product Phyt-N-Resist that helps fight against skin ageing and accelerates skin repair. Equipped with carotenoids, the product is a breakthrough in the cosmetics industry for being a naturally- sourced active ingredient, which helps reduce oxidative stress. These market patterns are expected to trigger the growth of the carotenoids market. 

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Market outlook: Carotenoids

Carotenoids are a class of colored pigments primarily produced by photosynthesizing organisms and bacteria. Major types of carotenoids include beta-carotene, lycopene, astaxanthin, lutein, annatto, zeaxanthin and canthaxanthin. The presence of antioxidants in carotenoids allows them to play a pivotal role in the treatment of cardiovascular and eye diseases. With the growing trend of living a healthy lifestyle, the demand for food products with biologically active food ingredients has increased, thereby increasing the sales of functional food products. Vitamin A activity in carotenoids has made them a mandatory requirement not only in the pharmaceutical industry but also in the cosmetics industry. The Asia-Pacific region is expected to dominate the carotenoids market in the forthcoming years due to the growing demand for dietary supplements, food coloring agents and food pigments.

Reasons for Covering Carotenoids as a Title

Growing health concerns associated with vision, immunity and cardiovascular diseases have surged the demand for food products filled with healthy ingredients. Since carotenoids contain retinol, vitamin A and glutathione in abundance, they are a popular source of treatment for the degenerative diseases involving retina and cardiovascular health. The presence of acetylenics in the carotenoids enables them to combat the cytotoxic effects of many types of cancer. Carotenoids have anti-tumor properties. These factors have boosted the demand for carotenoids in the pharmaceuticals as well as the food industry. That apart, the presence of other numerous benefiting components, such as vitamin A, E, C and D, can further be held responsible for the high demand for carotenoids in the cosmetic industry. All of these factors will contribute to the growth of the carotenoids market.

Global carotenoids Market: Segmentation:

On the basis of source, the global carotenoids market is segmented into:

On the basis of product, the global carotenoids market is segmented into:

On the basis of end-use, the global carotenoids market is segmented into:

Food and Beverages
Animal Feed
On the basis of region, the global carotenoids market is segmented into:

North America
Latin America
Rest of Latin America
EU – 4 (Germany, France, Italy, Spain)
BENELUX (Belgium, Netherlands, Luxemburg)
NORDIC (Norway, Denmark, Iceland, Sweden)
Eastern Europe (Poland, Ukraine, Czech Rep. etc.)
Rest of Europe
CIS & Russia
Greater China
ASEAN Countries
Rest of APEJ
Middle East & Africa
GCC Countries
South Africa
Rest of MEA
Global carotenoids Market: Key Players

Some of the key players operating in the global carotenoids market are: Algatechnologies, Allied Biotech, AquaCarotene, Doehler Group, EID Parry, ExcelVite, Farbest Brands, BASF, Chr. Hansen, Cyanotech Corporation, DDW The Color House, FMC Corporation, Guangzhou Leader Bio-Technology, Kemin Industries, Chlostanin Nikken Nature Co. Limited, Muradel Pty Ltd., Novus International, Inc, PAT Vitamins Inc., Seambiotic Ltd, Sensient Technologies Corporation and Valensa International LLC., and Royal DSM N.V.

Opportunities for Market Players

In the coming years Asia Pacific market is expected to dominate the trend due to increasing utilization of animal feed and food supplement involving wide application of carotenoids in these sector. With the advancement in technology, economic rise and growth in the industry in countries such as China, Japan and India the Asia Pacific market for carotenoids is expected to experience a considerable growth. Thus, the manufacturers should emphasize on marketing and promotion strategies in these regions by increasing consumer awareness regarding the benefits associated with carotenoids along with focusing especially towards the food and beverage industry due to the growing demand for functional and fortified food products.

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Brief Approach to Research

Our analysis will follow a modeling-based approach and triangulation methodology to estimate data covered in this report. A detailed market understanding and assessment of the applications, types, forms, and end uses of the product segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data are collected at a regional level, consolidated and synthesized at a global level to estimate the overall market sizes.

Key Data Points Covered in the Report

Some of the key data points covered in our report include:

An overview of the carotenoids including background and evolution
Macroeconomic factors affecting the carotenoids and its potential
Market dynamics, such as drivers, challenges, and trends in the carotenoids market
Detailed value chain analysis of the carotenoids market
The cost structure of the products and segments covered in the study of the carotenoids market
In-depth pricing analysis, by key product segments, regions and by major market participants in the carotenoids market
Analysis of supply and demand, such as top producing and consuming geographies, imports/exports, and overall trade scenario
Analysis of the market structure, including a tier-wise categorization of key market participants in carotenoids
Competitive landscape of the market, including detailed profiles of the top players of carotenoids
This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on

Market Dynamics
Market Size
Market Segments
Demand & Supply Trends
Current Issues and Challenges
Companies and Competitor Landscape
Value Chain
Regional Segments Analyzed Include

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Middle East and Africa (GCC, S. Africa, N. Africa)
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.

Highlights from the Report

Elaborated scenario of the parent market
Transformations in the market dynamics
Detailed segmentation of the target market
Historical, current and forecast market size based on value and volume
Latest industry developments and trends
Competition landscape
Strategies adopted by the market players and product developments made
Potential and niche segments, along with their regional analysis
Unbiased analysis on performance of the market
Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness
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