Carotenoids Market 2019: Global Trends, Key Players, Industry Analysis Report to 2025

The carotenoids market is projected to take a significant hike in the coming years owing to its increasing potential applications in human healthcare, food coloring, personal care and cosmetics, and pharmaceuticals. Carotenoids are a class of pigments distributed ubiquitously in nature throughout the globe. These pigments have grabbed significant attention due to their applications in various industries, including biotechnology and more. Carotenoids may be classified into two groups based on the presence or absence of oxygen in their structures: carotenes (do not contain oxygen) and xanthophylls (contain oxygen).

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Currently, individuals are increasingly aware of the relevance of healthy diet on health and prevention of diseases. Consequently, bioactive compounds, including lipids, antioxidants, carbohydrates, and peptides, have become vital for human nutrition and the encouragement for the development of functional foods. Functional foods refer to foods that are rich in substances and bioactive compounds that are useful against diseases. The appearance of these foods externally is similar to that of conventional foods; conversely, functional foods offer much more advantages beyond essential nutritional functions and are increasingly preferred over traditional foods by individuals. They reduce the risks of chronic diseases and exhibit psychological benefits. In this context, incorporating carotenoids into diets with low amounts of natural pigments can offer health benefits which is contributing to the carotenoids market growth. Also, the bioavailability of carotenoids is improved when they are added to food, as compared to when they are consumed directly.

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Additionally, for the past decade, researchers and organization involved in R&D have given serious attention to microorganisms able to produce large concentrations of carotenoids as the naturally sourced obtained bio compounds are high in demand currently. This increasing demand has resulted from growing consumers’ inclination towards natural over synthetic products. Such demand has surged the creation of novel carotenoid-producing microorganisms’ relevant scientific literature which has impelled vital efforts to improve the separation of carotenoids from their biological sources in oppose to their chemical synthesis. There exists a presence of networks such as Eurocaroten, CaRed (the Spanish Carotenoid Network; the International Carotenoid Society and IBERCAROT (the Ibero-American network for the study of carotenoids as functional food ingredients for research on carotenoids. These research groups are working in a coordinated manner to improve the knowledge about carotenoids and the novel natural sources for their production.

Current Market Trends Covered in the Report:
• Increasing Demand for Naturally Obtained Colorants
• Increasing Application in Personal Care and Cosmetics
• Increasing Research and Studies for Development of Natural Carotenoids
• Increasing Inclination towards Functional Foods

Global Carotenoids Market - Segmentation
By Product
• Astaxanthin
• Lutein
• Capsanthin
• Beta-Carotene
• Lycopene
• Others
By Source
• Natural
• Synthetic
By Application
• Nutraceutical
• Pharmaceutical
• Poultry Feed
• Human Food
• Others (Cosmetics)

Global Carotenoids Market –Region
North America
• US
• Canada
Europe
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
Rest of the World
• Middle East & Africa
• Latin America

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