Feed Carotenoids Market 2020: Global Analysis, Regional Outlook, Share, Growth, Trends and Forecast 2027| Top Competitors- BASF SE, Chr. Hansen Holding A/S, FMC Corporation., Kemin Industries, Inc
Feed carotenoids market is expected to grow at a rate of 5.80% in the forecast period 2020 to 2027. Rising expenditure on research and development on the high value natural carotenoids is the major factor driving the growth of feed carotenoids market in the forecast period of 2020-2027.
Carotenoids are essential for maintaining the health of animals and responsible for the color of animal skin. Since animals are not able to synthesize carotenoids, they must reach and attain their daily nutritional needs from the products ingested.
Rising adoption of new scientific methods for farming is the vital factor escalating the market growth, also rising awareness of aquaculture farmers about the requirement for optimum nutrition in their farms and increasing health problems in animals and increasing consumption of meat and fish are the major factors among others driving the growth of feed carotenoids market. Moreover, rising demand for naturally sourced carotenoids will further create new opportunities for feed carotenoids market in the forecast period of 2020- 2027.
However, risks associated with high doses of carotenoids and lack of research and development activities in underdeveloped countries are the major factors among others acting as restraints, and will further challenge the growth of feed carotenoids market in the forecast period mentioned above.
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Major Market Players Covered in The Feed Carotenoids Market Are:
The major players covered in the feed carotenoids market report are BASF SE, Chr. Hansen Holding A/S, FMC Corporation., Kemin Industries, Inc., Cyanotech Corporation., Allied Biotech Corporation, Doehler Ventures., DDW The Colour House., ExcelVite, Brenntag AG, Divi's Laboratories Limited, Algatech LTD., NIKKEN SOHONSHA CORPORATION, E.I.D. - Parry (India) Limited., NOVUS INTERNATIONAL, PAT Vitamins, Sensient Technologies Corporation, Valensa International and DSM among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provides competitive analysis for each competitor separately.
Asia-Pacific dominates the feed carotenoids market due to the increased adoption advanced scientific methods for farming and rising consumption of meat and fish. North America is the expected region in terms of growth in feed carotenoids market.
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Global Feed Carotenoids Market Scope and Segments
Feed carotenoids market is segmented on the basis of animal type and type. The growth among various segments helps in the better analyzation of growth and strategies for better vision of market.
• Based on animal type, the feed carotenoids market is segmented into ruminant, poultry, swine, aquaculture and other animal types
• On the basis of type, the feed carotenoids market is segmented into beta-carotene, lycopene, lutein, astaxanthin, canthaxanthin and other types
• Middle East and Africa
• North America
• South America
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Strategic Points Covered in Table of Content of Global Feed Carotenoids Market:
2. Market Segmentation
3. Market Overview
4. Executive Summary
5. Premium Insights
6. By Component
7. Product Type
9. Industry Type
11. Company Landscape
12. Company Profiles
13. Related Reports
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