Crystal Market Research adds Global Carotenoids Market Research report which offers majority of the latest and newest industry data that covers the overall market situation along with future prospects for Carotenoids market around the globe.
Carotenoids Market – Competitive Insights:
The leading players in the market are ExcelVite Sdn. Bhd, Allied Biotechnology India Pvt Ltd, DDW The Color House, Naturex, Cyanotech Corporation, DSM, BASF, Brenntag, Chr. Hansen and Kemin Industries. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Carotenoids Market was worth USD 1.15 billion in 2014 and is expected to reach approximately USD 1.59 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 3.69% during the forecast period.
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Carotenoids Market – Industry Outlook and Trend Analysis:
The development is by virtue of its rising use in different applications including animal feed, pharmaceuticals, dietary supplements, food, and cosmetics. Expanding demand for natural and healthy food alongside supplement usage because of rising medical problems is probably going to goad development. Carotenoids are natural pigments that are found in different plants and life forms. These products are useful as antioxidants and ensure the body against chronic ailments, cell damage, and the impacts of aging.
Carotenoids Market – Source Outlook and Trend Analysis:
Synthetic sources ruled the general business esteemed at USD 903.6 million in 2015. The fragment is anticipated to witness moderate development over the figure time frame by virtue of developing customer inclination for normally sourced products. Natural sources are anticipated to witness substantial volume and income development over the gauge time frame. Regular sources incorporate plant leaves, fruits, flowers, fish flesh, crustacean shells, and bird feathers. Developing customer awareness in regards to medical advantages and the points of interest related with common products is foreseen to fuel industry request over the conjecture time frame.
Carotenoids Market – Product Outlook and Trend Analysis:
Beta-carotenes ruled the general business and represented 24% of the worldwide volume share in 2015. Beta-carotenes are used as a colorant, antioxidant, and go about as a rich source of vitamin A in feed, food, dietary supplements, medicines, and cosmetics, which thusly, will empower market measure. Astaxanthin is anticipated to witness significant development over the gauge time frame inferable from its expanding use in creature encourage human antioxidants, animal feed ingredients, and for the colouring of trout, shrimps, and salmon.
The Carotenoids Market is segmented as follows-
Carotenoids Market – By Source:
Carotenoids Market – By Product:
Carotenoids Market – By Application:
Carotenoids Market – Application Outlook and Trend Analysis:
Animal feed was the conspicuous portion and represented 41% of the general income share in 2015. Animals need carotenoids as their bodies can’t deliver these fundamental supplements; thusly, these supplements are added to animal feed as they give invulnerability against ailments, which thus, will drive development over the figure time frame.
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Carotenoids Market – By Region:
North America – U.S, Canada, Mexico
Europe – Germany, France, UK, Italy, Spain, Rest of Europe
Asia-Pacific – Japan, China, Australia, India, South Korea, Rest of Asia Pacific
Rest of the World – Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others
Carotenoids Market – Regional Outlook and Trend Analysis:
Asia Pacific is anticipated to reflect high picks up by virtue of developing usage of these added substances in food, feed, cosmetic, supplement, and pharmaceutical applications. The business is foreseen to be driven by innovative progressions, modern development, monetary development, and low expenses of production in nations, for example, India, China, and Japan.
Carotenoids Market – Table of Contents:
4.Market Analysis by Regions
5.Carotenoids Market, By Application
6.Carotenoids Market, By Product
7.Carotenoids Market, By Source
8.Carotenoids Market, By Region
10. Global Carotenoids Market Competition, by Manufacturer
11. Carotenoids Market Forecast (2018-2023)
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Carotenoids market based on product and application. It also provides market size and forecast till 2023 for overall Carotenoids market with respect to five major regions, namely; North America, Europe, Asia-Pacific, Rest of the World, which is later sub-segmented by respective countries and segments. The report evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend and provides exhaustive PEST analysis for all five regions.
Also, key Carotenoids market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered.
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Reason to Buy:
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the Carotenoids market, thereby allowing players to develop effective long term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
About Crystal Market Research:
Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customised research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
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