Carotenoids Market to 2025 (3.6% CAGR Expected) Top Player Profiles – BASF SE, Koninklijke DSM N.V., Chr. Hansen A/S, FMC Corporation, Cyanotech Corporation, Kemin Industries Inc., DDW The Colour House and More

The global carotenoids market was valued at $1,577 million in 2017 and is projected to reach $2,098 million by 2025, registering a CAGR of 3.6% from 2018 to 2025. The senior citizen segment constitutes a major portion of the population in the developed world and is the largest user of preventive and predictive medication. Health problems faced by the geriatric population such as vision damage is often associated with insufficient intake of vitamins. This is anticipated to boost the demand for carotenoids, thereby, driving the market growth. In addition, rise in demand for natural colorants and growth in end-user application further drive the global carotenoids market growth.

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The major players profiled in this report include BASF SE, Koninklijke DSM N.V., Chr. Hansen A/S, FMC Corporation, Cyanotech Corporation, Kemin Industries Inc., DDW The Colour House, Dhler Group, Allied Biotech Corporation, and Excelvite.

In 2017, Europe was estimated to be the largest market for carotenoids and is projected to witness steady revenue growth from 2018 to 2025 owing to the large animal feed industry and rise in demand for health supplements. Moreover, highly established cosmetics industry owing to the presence of key manufacturers such as Unilever, Beiersdorf, L'Oral, and Henkel is anticipated to supplement the growth of carotenoids market in the region.

In 2017, astaxanthin accounted for the highest market share in the global carotenoids market in terms of value. Astaxanthin, which was earlier used only for imparting a rich pink color to farmed salmon, has recently gained attention in the dietary supplement for joint, skin, and eye health. Beta-carotene is the most prominent carotenoid, which accounted for the highest market share in terms of volume in 2017.
In 2017, animal feed was the prominent segment and accounted for the highest share in the global carotenoids market. Dietary supplements application witnesses significant gains and is expected to grow at the highest CAGR during the forecast period owing to rise in health consciousness and changes in lifestyles of the consumers.

Key Benefits
• This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global carotenoids market from 2017 to 2025 to identify the prevailing market opportunities.
• The key countries in all the major regions are mapped based on their market share.
• Porter's Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the market segmentation assists in determining the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global industry. Market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of market players.
• The report includes the analysis of the regional as well as the global market, key players, market segments, application areas, and growth strategies.

Carotenoids Market Key Segments:
By Product
• Astaxanthin
• Capsanthin
• Lutein
• Beta-carotene
• Lycopene
• Others

By Source
• Natural
• Synthetic

By Application
• Animal Feed
• Human Food
• Dietary Supplement
• Others

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CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology

1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. Key finding of the study
2.2. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings

3.2.1. Top investment pocket
3.2.2. Top winning strategies
3.2.3. Top winning strategies, by year, 2015-2017
3.2.4. Top winning strategies, by development, 2015-2017 (%)
3.2.5. Top winning strategies, by company, 2015-2017

3.3. Porter's five forces analysis

3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyer
3.3.3. Thereat of new entrants
3.3.4. Threat of substitute
3.3.5. Intensity of competitive rivalry

3.4. Market dynamics

3.4.1. Drivers

3.4.1.1. Increasing demand for dietary supplements from older population
3.4.1.2. Growing end-user applications
3.4.1.3. Rising Demand for natural colorants

3.4.2. Restraints

3.4.2.1. Stringent regulatory and approval norms

3.4.3. Opportunities

3.4.3.1. Increasing use of carotenoid in aquaculture

3.5. Top player positioning

CHAPTER 4: CAROTENOIDS MARKET, BY PRODUCT

4.1. Overview

4.1.1. Market size and forecast

4.2. Astaxanthin

4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast
4.2.3. Market analysis by country

4.3. Capsanthin

4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast
4.3.3. Market analysis by country

4.4. Lutein

4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast
4.4.3. Market analysis by country

4.5. Beta-carotene

4.5.1. Key market trends, growth factors, and opportunities
4.5.2. Market size and forecast
4.5.3. Market analysis by country

4.6. Lycopene

4.6.1. Key market trends, growth factors, and opportunities
4.6.2. Market size and forecast
4.6.3. Market analysis by country

4.7. Others

4.7.1. Key market trends, growth factors, and opportunities
4.7.2. Market size and forecast
4.7.3. Market analysis by country

CHAPTER 5: CAROTENOIDS MARKET, BY SOURCE

5.1. Overview

5.1.1. Market size and forecast

5.2. Natural

5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast
5.2.3. Market analysis by country

5.3. Synthetic

5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast
5.3.3. Market analysis by country

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