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Market Research Report
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1069165

The Global Market for Carotenoids

Published: | BCC Research | 164 Pages | Delivery time: 1-2 business days

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The Global Market for Carotenoids
Published: April 7, 2022
BCC Research
Content info: 164 Pages
Delivery time: 1-2 business days
  • Description
  • Table of Contents
  • List of Tables

Highlights:

The global carotenoid market should reach $2.7 billion by 2027 from $2.0 billion in 2022 at a compound annual growth rate (CAGR) of 5.7% for the forecast period of 2022 to 2027.

The astaxanthin segment of the global carotenoid market is expected to grow from $426.2 million in 2022 to $629.1 million in 2027 at a CAGR of 8.1% for the forecast period of 2022 to 2027.

The capsanthin segment of the global carotenoid market is expected to grow from $384.7 million in 2022 to $493.3 million in 2027 at a CAGR of 5.1% for the forecast period of 2022 to 2027.

Report Scope:

This report is an update of the BCC Research report FOD025F, The Global Market for Carotenoids, which was published in 2018. While no new types of carotenoids have come on the market in the last three years and no fundamentally new manufacturing technology has been introduced, the market for carotenoids has changed significantly for some product segments. Prices have dropped for a number of products while market value has risen for others.

Producers and users of carotenoids need an up-to-date analysis of the current situation and a well-documented forecast for future trends in the industry as the basis for their strategic and business planning. The report may also help players in other ingredient markets that are considering diversifying to determine whether carotenoids would be a good fit.

The report reviews the global markets for the following commercialized carotenoids -

  • Annatto.
  • Astaxanthin.
  • Beta-carotene.
  • Beta-apo-8-carotenal.
  • Beta-apo-8-carotenal-ester.
  • Canthaxanthin.
  • Capsanthin and paprika extract.
  • Lutein.
  • Lycopene.
  • Zeaxanthin.

Report Includes:

  • 70 data tables and 35 additional tables
  • An overview of the global market for carotenoids
  • Estimation of the market size and analyses of global market trends, with data from 2021, estimates for 2022 with projections of compound annual growth rates (CAGRs) through 2027
  • A review of commercial carotenoids with the objective of providing detailed insight into production technologies, market developments and market dynamics
  • Details on Annatto, Astaxanthin, Beta-carotene, Beta-apo-8-carotenal, Beta-apo-8-carotenal-ester, Canthaxanthin, Capsanthin and paprika extract, Lutein, Lycopene and Zeaxanthin, and coverage of their production process, regulatory framework, and applications
  • Information concerning the relevance of different production systems, application segments and regional distribution
  • Market share analysis of the key companies of the industry and coverage of their proprietary technologies, strategic alliances and other key market strategies
  • Comprehensive company profiles of the leading players of the industry, including Algatechnologies Ltd., BASF SE, Cyanotech Corp., Kemistar Industries Inc. and Vidya Europe
Product Code: FOD025G

Table of Contents

Chapter 1 Introduction

  • Market Introduction
  • Market Definition and Overview
  • Scope of the Report
  • What's New in This Update?
  • Information Sources
  • Methodology
  • Analyst's Credentials
  • BCC Custom Research
  • Related BCC Research Reports

Chapter 2 Summary and Highlights

  • Recent Developments in the Global Market

Chapter 3 Market and Technology Background

  • Types of Commercial Carotenoids
  • Trends in Major Application Segments
  • Carotenoid Trends in Food
  • Carotenoid Trends in Feed
  • Carotenoid Trends in Cosmetics
  • Carotenoid Trends in Nutritional Supplements
  • Carotenoid Market
  • Competitiveness of Individual Carotenoids

Chapter 4 Principles of Production

  • Chemical Synthesis Route
  • Fermentation Route
  • The Algae Route: Open Pond System
  • The Algae Route: Photo-Bioreactor System
  • Extraction from Botanical Material
  • Extraction from Crude Palm Oil
  • Extraction of Bixin and Norbixin from Annatto Seed

Chapter 5 Industry Structure and Markets for Annatto

  • Product Characteristics
  • History
  • Government Regulations, Production Technologies and Formulations
  • Consumption Trends
  • Pricing
  • Market Shares
  • Current and Future Market

Chapter 6 Industry Structure and Markets for Astaxanthin

  • Product Characteristics
  • History
  • Government Regulations, Production Technologies and Formulations
  • Consumption Trends
  • Pricing
  • Market Shares
  • Current and Future Market

Chapter 7 Industry Structure and Markets for Beta-carotene

  • Product Characteristics
  • History
  • Government Regulations, Production Technologies and Formulations
  • Consumption Trends
  • Overview
  • Consumption by Application
  • Consumption by Type of Production Method
  • Consumption of Beta-carotene by Type of Formulation
  • Pricing
  • Market Shares
  • Current and Future Market

Chapter 8 Industry Structure and Markets for Apo-carotenal

  • Product Characteristics
  • History
  • Government Regulations, Production Technologies and Formulations
  • Consumption Trends
  • Pricing
  • Market Shares
  • Current and Future Market

Chapter 9 Industry Structure and Markets for Apo-ester

  • Product Characteristics
  • History
  • Government Regulations, Production Technologies and Formulations
  • Consumption Trends
  • Pricing
  • Market Shares

Chapter 10 Industry Structure and Markets for Canthaxanthin

  • Product Characteristics
  • History
  • Government Regulations, Production Technologies and Formulations
  • Consumption Trends
  • Coloring Egg Yolks
  • Fish Pigmentation
  • Food Coloring
  • Supplement, Pharmaceutical and Cosmetic Applications
  • Pricing
  • Market Shares
  • Current and Future Market

Chapter 11 Industry Structure and Markets for Capsanthin and Paprika Extracts

  • Product Characteristics
  • History
  • Government Regulations, Production Technologies and Formulations
  • Consumption Trends
  • Pricing
  • Market Shares
  • Current and Future Market

Chapter 12 Industry Structure and Markets for Lutein

  • Product Characteristics
  • History
  • Government Regulations, Production Technologies and Formulations
  • Consumption Trends
  • Lutein for Feed Applications
  • Lutein for Supplements
  • Lutein for Food and Other Applications
  • Pricing
  • Lutein for Feed
  • Lutein for Supplements
  • Market Shares
  • Lutein for Feed Applications
  • Lutein for Supplements
  • Current and Future Market

Chapter 13 Industry Structure and Markets for Lycopene

  • Product Characteristics
  • History
  • Government Regulations, Production Technologies and Formulations
  • Consumption Trends
  • Pricing
  • Market Shares
  • Current and Future Market

Chapter 14 Industry Structure and Markets for Zeaxanthin

  • Product Characteristics
  • History
  • Government Regulations, Production Technologies and Formulations
  • Consumption Trends
  • Pricing
  • Market Shares
  • Current and Future Market

Chapter 15 Company Profiles

  • ALGATECHNOLOGIES LTD.
  • ALLIED BIOTECH CORP.
  • BASF
  • CAROTECH BERHAD
  • CHR. HANSEN
  • CYANOTECH CORP.
  • DOHLER GROUP
  • DEINOVE SAS
  • DIVIS LABORATORIES LTD.
  • E.I.D. PARRY
  • HANGZHOU PHARMCHEMICAL CO. LTD.
  • KEMIN INDUSTRIES INC.
  • KONINKLIJKE DSM
  • NOVUS INTERNATIONAL
  • SYNTAKE CHEMICAL
  • VIDYA EUROPE SAS
  • WUHAN HEZHONG BIO-CHEMICAL MANUFACTURE CO. LTD.
  • WUHAN ZIPONT CHEM TECH CO. LTD.
  • ZHEJIANG NHU CO. LTD.

List of Tables

  • Summary Table : Global Carotenoid Market, by Product Type, Through 2027
  • Table 1 : Global Carotenoid Market, by Product Type, Through 2027
  • Table 2 : Classification Scheme for Rating the Competitiveness of Individual Carotenoids
  • Table 3 : Classification of Individual Carotenoids, by Competitiveness, 2021-2027
  • Table 4 : Physical--Chemical Parameters of Bixin and Norbixin
  • Table 5 : Data Sheet of Bixin and Norbixin Products
  • Table 6 : Global Bixin and Norbixin Consumption, by Region, Through 2020
  • Table 7 : Global Market for Bixin and Norbixin, by Region, Through 2027
  • Table 8 : Physical and Chemical Properties of Astaxanthin
  • Table 9 : Data Sheet of a 10% Astaxanthin Product from Chemical Synthesis
  • Table 10 : Data Sheet of a 0.5% Astaxanthin Product from Phaffia Rhodozyma
  • Table 11 : Data Sheet of a 2.5% Astaxanthin Oleoresin Product from Haematococcus pluvialis
  • Table 12 : Data Sheet of a Paracoccus carotinifaciens Product with 2% Astaxanthin
  • Table 13 : Global Production of Rainbow Trout, 2006-2020
  • Table 14 : Global Market Volume of Rainbow Trout Production, by Country, 2020
  • Table 15 : Global Atlantic Salmon Production, 2006-2020
  • Table 16 : Global Production of Atlantic Salmon, by Country, 2020
  • Table 17 : Global Production of Shrimp, 2006-2020
  • Table 18 : Global Production of Shrimp, by Country, 2020
  • Table 19 : Global Consumption of Astaxanthin in Feed Applications, Through 2020
  • Table 20 : Regional Shares of Global Consumption of Astaxanthin in Feed Applications, 2020
  • Table 21 : Global Consumption of Astaxanthin in Feed and Supplement Applications, by Production Method, 1995-2020
  • Table 22 : Typical Market Prices for Astaxanthin Products, by Production Method, 2020
  • Table 23 : Global Astaxanthin Market Share, by Producer, 2020
  • Table 24 : Global Consumption of Astaxanthin, by Region, Through 2027
  • Table 25 : Global Consumption of Astaxanthin, by Application, Through 2027
  • Table 26 : Global Consumption of Astaxanthin, by Production Method, Through 2027
  • Table 27 : Global Astaxanthin Market, by Region, Through 2027
  • Table 28 : Physical and Chemical Properties of Beta-carotene
  • Table 29 : Typical Carotenoid Profile of Beta-carotene Products
  • Table 30 : Major Formulations Offered as a Function of the Type of Beta-carotene
  • Table 31 : Global Consumption of Beta-carotene in Food, 1984-2020
  • Table 32 : Global Consumption of Beta-carotene in Food, by Type, 2006-2020
  • Table 33 : Global Consuption of Beta-carotene in Supplements, 1984-2020
  • Table 34 : Global Consuption of Beta-carotene in Supplements, by Preparation Type, 2002-2020
  • Table 35 : Global Consuption of Beta-carotene in Supplements, by Region, 2004-2020
  • Table 36 : Global Consumption of Beta-carotene in Feed, 1984-2020
  • Table 37 : Global Consumption of Beta-carotene in Feed, by Region, 2007-2020
  • Table 38 : Global Consumption of Beta-carotene in Cosmetics, 1984-2020
  • Table 39 : Global Consumption of Beta-carotene, by Application, 1984-2020
  • Table 40 : Global Consumption of Beta-carotene, by Region, 1984-2020
  • Table 41 : Global Consumption of Beta-carotene, by Production Method, Through 2020
  • Table 42 : Product Characteristics of Typical 30% Beta-carotene Oil Suspension
  • Table 43 : Characteristics of a 10% Beta-carotene CWD* Product
  • Table 44 : Characteristics of a 10% Beta-carotene Tablet-Grade Formulation Product
  • Table 45 : Characteristics of a 20% Beta-carotene Tablet-Grade Formulation Product
  • Table 46 : Global Consumption of Beta-carotene, by Type of Formulation, 2006-2020
  • Table 47 : Typical Prices of Major Beta-carotene Product Types, 2007-2020
  • Table 48 : Global Beta-carotene Market Share, by Producer, 2020
  • Table 49 : Global Market Volume of Beta-carotene Consumption, by Production Method, Through 2027
  • Table 50 : Global Market Volume of Beta-carotene Consumption, by Application, Through 2027
  • Table 51 : Global Market Volume of Beta-carotene Consumption, by Region, Through 2027
  • Table 52 : Global Price Trends for Beta-carotene Products, 2007-2022
  • Table 53 : North American Beta-carotene Market, Through 2027
  • Table 54 : Physical and Chemical Properties of Apo-carotenal
  • Table 55 : Data Sheet for a Typical Apo-carotenal Product
  • Table 56 : Global Apo-carotenal Consumption, by Region, Through 2020
  • Table 57 : Global Market Volume of Apo-carotenal Consumption, by Region, Through 2027
  • Table 58 : Global Apo-carotenal Market, Through 2027
  • Table 59 : Physical and Chemical Properties of Crystalline Apo-ester
  • Table 60 : Data Sheet for an Apo-ester 10% Powder Product
  • Table 61 : Global Market Volume of Apo-ester Consumption, by Region, Through 2020
  • Table 62 : Physical and Chemical Properties of Crystalline Canthaxanthin
  • Table 63 : Data Sheet for a Commercial 10% CWD Feed-Grade Canthaxanthin Product
  • Table 64 : Global Consumption of Canthaxanthin, by Application, Through 2027
  • Table 65 : Global Consumption of Canthaxanthin, by Region, Through 2027
  • Table 66 : Global Canthaxanthin Market, by Application, Through 2027
  • Table 67 : Global Canthaxanthin Market, by Region, Through 2027
  • Table 68 : Physical-Chemical Properties of Typical Capsanthin Products for Food Use
  • Table 69 : Physical-Chemical Properties of a Typical Capsanthin Product for Feed Use
  • Table 70 : Global Consumption of Paprika Capsanthin, by Oleoresin Grade, Through 2027
  • Table 71 : Global Consumption of Paprika Capsanthin, by Powder Grade, Through 2027
  • Table 72 : Global Paprika Capsanthin Market, by Oleoresin Grade, Through 2027
  • Table 73 : Global Paprika Capsanthin Market, by Powder Grade, Through 2027
  • Table 74 : Global Paprika Capsanthin Market, by Region, Through 2027
  • Table 75 : Physical-Chemical Parameters of Crystalline Lutein
  • Table 76 : Data Sheet of a Feed-Grade Lutein Powder Product
  • Table 77 : Data Sheet of a Lutein Oil Suspension Product
  • Table 78 : Global Consumption of Lutein in Feed Applications, by Region, Through 2027
  • Table 79 : Global Market Volume of Consumption of Lutein in Supplements, by Region, Through 2027
  • Table 80 : Average World Price of Lutein Used in Feed Applications, Through 2020
  • Table 81 : Average World Price of Lutein Used in Supplement Applications, Through 2020
  • Table 82 : Global Market Volume of Lutein Consumption, by Application, Through 2027
  • Table 83 : Global Lutein Market, by Application, Through 2027
  • Table 84 : Global Lutein Market, by Region, Through 2027
  • Table 85 : Physical--Chemical Properties of Lycopene
  • Table 86 : List of Foods to Which Lycopene from Different Origins May Be Added in the EU
  • Table 87 : Specification of Lycopene from Fermentation Allowed for Use Under the Novel Food Act
  • Table 88 : Specification of Lycopene from Tomato Allowed for Use in the EU for Food Coloring
  • Table 89 : Data Sheet of a Lycopene 15% Oil Suspension, Natural Extract Product
  • Table 90 : Data Sheet of a Lycopene 5% Powder, Synthetic Origin Product
  • Table 91 : Data Sheet of Lycopene from Blakeslea trispora as a 20% Oil Suspension Product
  • Table 92 : Global Market Volume of Lycopene Consumption, by Region, Through 2020
  • Table 93 : Global Market Volume of Lycopene Consumption, by Type of Production Process, Through 2020
  • Table 94 : Trends in Average Prices of Lycopene by Source, 2004-2020
  • Table 95 : Global Market Volume of Lycopene Consumption, by Region, Through 2027
  • Table 96 : Global Market Volume of Lycopene Consumption, by Application, Through 2027
  • Table 97 : Global Market Volume of Lycopene Consumption, by Type of Production Process, Through 2027
  • Table 98 : Global Lycopene Market, by Region, Through 2027
  • Table 99 : Physical-Chemical Properties of Zeaxanthin
  • Table 100 : Data Sheet for a Natural Zeaxanthin-Lutein Product
  • Table 101 : Data Sheet for a Synthetic and Isolated Natural Zeaxanthin Product
  • Table 102 : Global Market Volume of Zeaxanthin Consumption, by Region, Through 2020
  • Table 103 : Global Consumption of Zeaxanthin, Through 2027
  • Table 104 : Global Zeaxanthin Market, by Region, Through 2027

List of Figures

  • Summary Figure : Global Carotenoid Market, by Product Type, 2021-2027
  • Figure 1 : Physical, Chemical and Biological Properties of Carotenoids
  • Figure 2 : Commercially Used Carotenoids by Method of Production
  • Figure 3 : Commercially Used Carotenoids by Application
  • Figure 4 : Flowchart of the Preparation of Beta-Ionone
  • Figure 5 : Flowchart of the Reaction of Beta-Ionone to Glycide Ester
  • Figure 6 : Flowchart of the Reaction of Glycide Ester to C14-Aldehyde
  • Figure 7 : Flowchart of the Reaction from Beta-C14-Aldehyde to C19-Diol
  • Figure 8 : Flowchart of the Reaction from Beta-C19-Diol-Ether to C19-Aldehyde
  • Figure 9 : Flowchart of the Reaction of Beta-C19-Aldehyde to Cis-Beta-carotene
  • Figure 10 : Flowchart of the Reaction from Cis-Beta-carotene to Trans-Beta-carotene
  • Figure 11 : Flowchart of the Process of Manufacturing Beta-carotene by Fermentation
  • Figure 12 : Flowchart of the Process of Manufacturing Mixed Carotenoids from Algae Open Pond Systems
  • Figure 13 : Flowchart of the Process of Manufacturing Mixed Carotenoids from Algae Photo-Bioreactor System
  • Figure 14 : Flowchart of the Process of the Extraction of Carotenoids from Crude Palm Oil
  • Figure 15 : Flowchart of the Process of the Extraction of Bixin from Annatto Seed
  • Figure 16 : Flowchart of the Process of the Extraction of Norbixin from Annatto Seed
  • Figure 17 : Flowchart of the Process of the Production of Oleoresins and Crystals from Botanical Material
  • Figure 18 : Global Market Volume of Commercial Annatto Seed Production, by Application, 2000-2020
  • Figure 19 : Global Bixin and Norbixin Consumption, 2000-2020
  • Figure 20 : Global Volume Shares of Bixin and Norbixin Consumption, by Region, 2020
  • Figure 21 : Global Volume Shares of Bixin and Norbixin Consumption, by Application, 2020
  • Figure 22 : Annatto Seed Prices, 2000-2020
  • Figure 23 : Bixin and Norbixin Prices, 2000-2020
  • Figure 24 : Global Market Shares of Companies Active in the Preparation and Trading of Bixin and Norbixin, 2020
  • Figure 25 : Global Market Volume Shares of Rainbow Trout Production, by Country, 2020
  • Figure 26 : Global Consumption of Astaxanthin in Feed and Supplement Applications, 2000-2020
  • Figure 27 : Global Consumption of Astaxanthin in Feed and Supplement Applications, by Production Method, 2020
  • Figure 28 : Synthetic Astaxanthin Price Trends, 2000-2020
  • Figure 29 : Global Astaxanthin Market Share, by Producer, 2020
  • Figure 30 : Global Astaxanthin Market, by Region, 2020-2027
  • Figure 31 : Global Consumption of Beta-carotene, 2000-2020
  • Figure 32 : Global Market Volume Shares of Beta-carotene Consumption, by Food Type, 2020
  • Figure 33 : Global Market Volume Shares of Consumption of Beta-carotene in Food, by Region, 2020
  • Figure 34 : Global Consuption of Beta-carotene in Supplements, by Region, 2020
  • Figure 35 : Global Market Volume Shares of Consumption of Beta-carotene in Feed, by Region, 2020
  • Figure 36 : Global Market Volume Shares of Beta-carotene Consumption, by Type of Formulation, 2020
  • Figure 37 : Global Market Shares of Beta-carotene Producers, 2020
  • Figure 38 : Global Apo-carotenal Consumption, 2000-2020
  • Figure 39 : Global Market Volume Shares of Apo-carotenal Consumption, by Region, 2020
  • Figure 40 : Gobal Apo-carotenal Price Trends, 2000-2020
  • Figure 41 : Global Apo-ester Consumption, by Application, 2000-2020
  • Figure 42 : Global Market Volume Shares of Apo-ester Consumption, by Region, 2020
  • Figure 43 : Global Pricing Trends of Apo-ester, 2000-2020
  • Figure 44 : Global Market Volume Shares of Canthaxanthin Consumption, by Region, 2020
  • Figure 45 : Global Canthaxanthin Pricing Trends, 2000-2020
  • Figure 46 : Global Market Shares of Canthaxanthin Producers, 2020
  • Figure 47 : Global Consumption of Paprika Capsanthin Used as a Colorant, 2000-2020
  • Figure 48 : Global Market Volume Shares of Paprika Capsanthin Consumption, by Region, 2020
  • Figure 49 : Global Consumption of Lutein in Feed Applications, 2000-2020
  • Figure 50 : Global Market Volume of Consumption of Lutein in Supplements, 2000-2020
  • Figure 51 : Global Market Shares of Companies Offering/Manufacturing Supplement-Grade Lutein, 2020
  • Figure 52 : Global Market Volume Shares of Lycopene Consumption, by Region, 2020
  • Figure 53 : Global Market Shares of Lycopene Producers, 2020
  • Figure 54 : Global Market Volume Shares of Zeaxanthin Consumption, by Region, 2020