Carotenoids Market by Type (Beta-Carotene, Lutein, Lycopene, Astaxanthin, Zeaxanthin, Canthaxanthin) by Applications (Supplements, Food, Feed, Cosmetics, Pharmaceuticals) – Business Overview, Analysis and Industry Forecast 2017-2023

Global Carotenoids Marketwas valued at USD XX Billion in the year 2017. Global Carotenoids Market is further estimated to grow at a CAGR of XX% from 2019 to reach USD XX Billion by the year 2023. The North America region holds the highest market share in 2017 and the Asia Pacific is considered as the fastest growing market in the forecasted period. At a country level, US, China are projected to grow strongly in the coming years due to increasing density of population and funding through Research and Development.

Get Free Access to Sample Report @ https://genesismarketinsights.com/Sample_Request/GENRE422

BASF SE (Germany), Royal DSM N.V. (Netherlands), Chr. Hansen A/S (Denmark) are the key players in this market.

Drivers:

• Preventive Healthcare and Nutraceuticals

Restraints:

• Harmful Effects of High Doses of Carotenoids

Opportunities:

• Growth of the Aquaculture Industry

Challenges:

• Adulteration

The Global Caortenoids Market is divided as By Type, Application, Method of Production and Region.

On the basis of Type, the global market is divided into Beta-Carotene, lutein, lycopene, astaxanthin zeaxanthin, canthaxanthin and other carotenoids and led by the astaxanthin type followed by beta-carotene and lutein. The beta-carotene segment is projected to be the fastest-growing type in the carotenoids market due to its increasing application in the food industry.

There are various applications of carotenoids, such as food, feed, supplements, cosmetics, and pharmaceuticals. Carotenoids are used on a large scale in animal feed due to their high nutritive value and the pigmentation present in them which increase the palatability of the feed as well as enhance the appearance of meat, meat products, and fish.

The feed segment accounts for the largest market share and is expected to grow at a moderate CAGR of XXX% in the coming years.

Get Full Customized Report @ https://genesismarketinsights.com/Report_Enquiry/GENRE422

Key Benefits for Stakeholders

• Carotenoids manufacturers
• Carotenoid raw material suppliers
• Carotenoid product exporters & importers
• Animal feed suppliers
• Cosmetics manufacturers and suppliers
• Fertilizers manufacturers
• Pharmaceutical manufacturers and suppliers

By Type

• Beta-Carotene
• Lutein
• Lycopene
• Astaxanthin
• Zeaxanthin
• Canthaxanthin
• Other Carotenoids

By Application

• Supplements
• Food
• Feed
• Cosmetics
• Pharmaceuticals

Method of Production

• Chemical synthesis
• Extraction from botanical material
• Fermentation
• Algae route

By Region

• North America
• Europe
• Asia-Pacific
• RoW
• SGS

Key Market Players

• BASF SE
• Royal DSM N.V.
• Chr. Hansen A/S
• FMC Corporation
• Cyanotech Corporation
• Kemin Industries Inc.
• D.D. Williamson & Co., Inc.
• Döhler Group
• Allied Biotech Corporation
• Excelvite SDN. BHD.

(A brief overview of 10 companies is also provided)

GET 40% DISCOUNT ON FINAL REPORT PRICING FOR THE FIRST TIME BUYER @ https://genesismarketinsights.com/viewreport/423/27/Carotenoids-Market

About Us:

Genesis Market Insights (GMI), is a subsidiary of Genesis Management & Market Research Pvt.Ltd. (GMMR) having a strong experience both in primary and secondary market research serving small to large scale enterprises across globe. Established in 1993, GMMR has become a recommended brand for Market Research for various international and MNC Corporations with its strong data foundation. With its exhaustive research capabilities, strong analytics services and in house data validation tools, GMMR has delivered actionable, reliable and all-inclusive Market Research Reports. GMMR is growing strongly for last 2 decades with most of the clients providing repeat business for their trust on the data quality and recommendations for decision making.

Contact Us;

Genesis Market Insights (GMI)
902 Broadway, 6th Floor,
New York, NY 10010
(212) 634-4560
Mail us at: info@genesismarketinsights.com
Website: www.genesismarketinsights.com

This release was published on openPR.