Global Carotenoids Market at high USD 2241.77 of 2026 with Top Key Players
Posted by ganesha on October 29th, 2019
Global carotenoids market By Type (Canthaxanthin, Astaxanthin, Lycopene, Beta-carotene, Lutein, Zeaxanthin, Capsanthin & Paprika Extracts, Annatto, Beta-Apo-8-Carotenal, Beta-Apo-8-Carotenal-Ester,Others), Source (Natural, Synthetic), Method of Production (Chemical Synthesis, Extraction from Botanical Material, Fermentation, Algae Route), Formulation Type (Oil Suspensions, Beadlets, Powders, Emulsions) Application (Feed, Food, Supplements, Cosmetics, Pharmaceuticals), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Carotenoids Market
Global carotenoids market is projected to rise to an estimated value of USD 2241.77 million by 2026, undergoing growth with a steady CAGR of in the forecast period of 2019-2026. This growth in the market can be attributed to the rising use of carotenoids to treat chronic diseases like cancer and its growing demand as health supplements amongst the health conscious consumers.
Have Any Query? Ask Our Experts @
Global carotenoids market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of carotenoids market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Market Definition: Global Carotenoids Market
Carotenoids are fat-soluble pigments produced by plants and algae that give the red, orange or yellow colour to fruits and vegetables. They play a significant role in the health of a plant, by absorbing the energy for photosynthesis. People who consume food containing carotenoids get various health benefits, as it acts an antioxidant and treats various diseases like cancer, diabetes, eye disorder etc.
Key Market Competitors:
Few of the major competitors currently working in global carotenoids market 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 others.
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge Market Research provides appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
Data Bridge Market Research
Like it? Share it!
About the Authorganesha
Joined: October 29th, 2019
Articles Posted: 413
More by this author