28th August 2019 – Global Carotenoids Market is expected to witness a massive growth with a staggering CAGR in the forecast period. Carotenoids are basically organic pigments that are majorly found in numerous microorganisms, algae, some animal species and plants. They generally give out some bright colors like red, orange and yellow to protect all these species from all the external harmful properties of air and light. These days, carotenoids are more commercially feasible now due to the recombinant DNA technology and rich advancements in biotechnology.
It is observed that there has been a tremendous rise in the demand for natural and organic food as health inferences and its sustainability has suddenly started increasing. Health-conscious people have started consuming carotenoid supplements. These two major factors are aiding the carotenoids market to grow massively.
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But there are some health risks that are associated with the carotenoid products. Excessive unregulated utilization of these products can lead to health destructions and this is eventually impeding the market’s development. But these days, carotenoids are being used to treat various diseases such as diabetes, cancer, aging and eye disorders, and this is why consumers have started preferring carotenoids. This factor will help the carotenoids market to grow significantly in the forthcoming years.
The market is segmented on the basis of source (natural, synthetic), product (beta-carotene, lutein, lycopene, astaxanthin, zeaxanthin and canthaxanthin), application (food, supplements, feed, pharmaceuticals, cosmetics) and region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa)
Considering the product insights, beta-carotene has been dominating the overall industry and will continue to grow in the near future as well. The market size will stimulate in future as beta-carotenes are used as antioxidants and colorants. It also acts a rich source of vitamin A in food, cosmetics and medicines.
Leading players of Carotenoids including:
- Allied Biotech
- Chenguang Biotech
- Chr. Hansen
- Anhui Wisdom
- Tian Yin
Market split by Type, can be divided into:
Market split by Application, can be divided into:
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Market segment by Region/Country including:
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia and Spain etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
- South America Brazil, Argentina, Colombia and Chile etc.)
- Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.)