Carotenoids Feed Market is Expected to Account for US$ XX Mn by 2025

Global Carotenoids Feed Market is Expected to Account for US$ XX Mn by 2025, Due to Their High Nutritive value and the Pigmentation, Which Increases the Palatability of the Feed, in Addition to Enhancing the Appearance of Meat, Meat products and Fish

“The Carotenoids Feed Market is anticipated to reach about US$ XX Mn by 2025, and anticipated to expand at a CAGR over six years of forecast period 2019-2025 due to increased requirements of nutrients.

Precision Business Insights (PBI) in its report titled “Carotenoids Feed Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2018 and Forecast 2019-2025” assesses the market performance over six years forecast period from 2019 to 2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

The carotenoids feed market size was accounted for US$ XX Mn in 2018 and anticipated to account for US$ XX Mn by 2025. Increased prevalence of various diseases will create demand for carotenoids feed market. Growing awareness among consumers about benefits of carotenoids, greater emphasis on a healthy lifestyle and rising incidences of various diseases across the globe is driving the demand for carotenoids in dietary supplements and cosmetic industries.

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Carotenoids feed market segmented on the basis of animal, product type and region.

Beta Carotenoids Segment is Expected to Dominate the Market

Based on type, carotenoids are further sub-segmented into beta-carotene, astaxanthin, lutein, annatto, canthaxanthin, lycopene, zeaxanthin, and others. Among these, beta-carotene is estimated to have the fastest growth during the forecast period. It is widely used for food coloring and as a natural supplement.

Europe, Accounts for Major Revenue Share for Carotenoids Feed Market

Precision Business Insights (PBI), carotenoids feed market report analyses the market in different regions North America, Europe, Asia Pacific, Latin America and Middle East and Africa. According to regional analysis, Europe accounted for major revenue share due to increase in usage of carotenoids through health supplements and in animal feed. Robust R&D investment, government involvement towards the healthcare facilities and promotion of preventive measures, and the well-established cosmetics industry demanding natural coloration are the major factors influencing the growth of the carotenoids market in Europe. Asia Pacific is the fastest growing market due to growth in Aquaculture and feed industry.

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Acquisitions and Government Involvement in Research Institutes Play Vital Role in Carotenoids Feed Market

In March 2017, Neovia acquired Apligen, a Mexican based company specialized in the producing Animal feed additives, premixes and speciality feed. In June 2016, Alltech, US-based animal health company, acquired a Netherlands based aquatic feed company.

Some of the players in global feed carotenoids are FMC Corporation (U.S.), Royal DSM N.V. (The Netherlands), BASF SE (Germany), Cyanotech Corporation (U.S.), Kemin Industries, Inc. (U.S.), Chr. Hansen A/S (Denmark).

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Detailed Segmentation

By Animal Type

o Swine
o Poultry
o Ovine
o Bovine
o Equine
o Canine
o Aquaculture

By Product Type

o Canthaxanthin
o Beta-Carotene
o Lutein
o Zeaxanthin
o Lycopene
o Astaxanthin
o Others

Geography

o North America
 U.S.
 Canada
o Europe
 Germany
 UK
 France
 Russia
 Spain
 Italy
 Rest of Europe
o Asia-Pacific
 China
 Japan
 India
 ASEAN
 Rest of Asia Pacific
o Latin America
 Brazil
 Mexico
 Argentina
 Chile
 Rest of Latin America
o Middle East and Africa
 South Africa
 Saudi Arabia
 Rest of MEA

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