Carotenoids Market, Business Will Grow in 2025, Prominent Players: BASF SE, Koninklijke DSM N.V., Chr. Hansen A/S, FMC Corporation, Cyanotech Corporation, Kemin Industries Inc

AMR team is working exclusively on COVID-19 impact on various Carotenoids market. The COVID-19 update is in progress and our research team is doing primary research activity to find out the revised growth curve of across all the industries at country level. Conducting an exclusive study keeping COVID-19 in mind would help client to interpret the economic impact in near-terms of and long term future. AMR research team is also tracking the changing dynamics of Carotenoids industry along with its immediate impact on the market.

Carotenoids market was pegged $1.57 billion in 2017 and is expected to reach $2.09 billion by 2025, registering a CAGR of 3.6% from 2018 to 2025.

Download Sample Copy Of Report@ https://www.alliedmarketresearch.com/request-sample/5032

Surge in health issues of geriatric population such as vision damage coupled with rise in adoption of carotenoids in the developing countries has boosted the growth of the global carotenoids market. However, strict standards and regulations regarding use of carotenoids in human food, high cost of naturally occurring carotenoids as compared to synthetic counterparts, and high chances of adulteration hamper the market growth. On the contrary, rise in demand for natural colorants in beverages, cosmetics, and food processing is expected to create lucrative opportunities in the near future.

The global carotenoids market is divided on the basis of product, source, application, and geography. Based on product, the market is divided into astaxanthin, capsanthin, lutein, beta-carotene, lycopene, and others. The astaxanthin segment dominated the market in 2017, contributing one-fourth of the market. However, the beta-carotene segment is projected to register the fastest CAGR of 5.2% during the forecast period.

Based on application, the market is segmented into animal feed, human food, dietary supplement, and others. The animal feed segment held the lion's share in 2017, contributing more than two-fifths of the market. However, the dietary supplement segment is projected to portray the fastest CAGR of 4.5% during the study period.

On the basis of source, the market is bifurcated into natural and synthetic. The synthetic segment held the largest share in 2017, accounting for nearly two-thirds of the market. However, the natural segment is anticipated to register the fastest CAGR of 4.2% during the forecast period.

Send Me Enquire@ https://www.alliedmarketresearch.com/purchase-enquiry/5032

The global carotenoids market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Europe held the largest share in 2017, contributing more than two-fifths of the market. However, the Asia-Pacific region is expected to register the fastest CAGR of 4.3% during the forecast period.

Top Key Players: BASF SE, Chr. Hansen A/S, Cyanotech Corporation, Koninklijke DSM N.V., DDW The Colour House, FMC Corporation, Allied Biotech Corporation, Kemin Industries Inc., Döhler Group, and Excelvite.

Key Findings of the Carotenoids Market:

o In 2017, Europe accounted for the highest market share, growing at a CAGR of 3.7% from 2018 to 2025.
o In 2017, animal feed application segment accounted for the highest market share and is expected to growth at the highest CAGR of 3.7%.
o Astaxanthin accounted for the highest market share in 2017 in terms of value and is projected to grow at a significant CAGR of 3.5%.
o In 2017, synthetic source of carotenoids accounted for the highest market share growing at a CAGR of 3.2%.
o In 2017, the U.S. accounted for a prominent market share and is anticipated to grow at a significant CAGR of 3.2%.
o India is anticipated to grow at the highest CAGR of 5.6% from 2018 to 2025.

Obtain Report Details: https://www.alliedmarketresearch.com/carotenoids-market

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): 1-800-792-5285, 1-503-894-6022, 1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. The data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.