Carotenoid Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Description

Carotenoid Market Set to Grow Amidst Rising Health Concerns and Industry Expansion

Unlocking the Potential of Carotenoids: A Comprehensive Market Analysis

Expanding Market Dynamics

The global carotenoid market is poised for substantial growth, driven by an array of factors ranging from rising health concerns to expanding applications across various industries. With a projected value-based Compound Annual Growth Rate (CAGR) of 4%, the market is anticipated to witness a significant increase in revenue from US$ 6.4 Bn to approximately US$ 8.15 Bn by 2031.

Key Trends Driving Market Growth

Prevalence of Cardiovascular Diseases Impacting Market Dynamics

The prevalence of cardiovascular diseases has emerged as a key driver influencing the global carotenoid market. As health concerns related to immunity, brain function, and digestive health escalate, there's a growing preference for fortified and functional food products. Additionally, the rise in cardiovascular diseases such as heart disease has propelled the demand for functional foods, contributing to the market's growth trajectory.

Demand Surge in the Food Industry

The food industry remains a significant consumer of carotenoids, driven by the increasing demand for functional and fortified food products. Moreover, the pharmaceutical and cosmetic sectors are witnessing a surge in demand for carotenoids, attributed to their rich vitamin-A content and various health benefits.

Positive Impact from the Pharmaceutical Industry

The pharmaceutical industry's growing production of dietary supplements further bolsters the demand for carotenoids. With an expanding middle-class population, the demand for dietary supplements, meat, and milk is on the rise, positively impacting the global market.

Health Risks Associated with High Carotenoid Intake

While the consumption of carotenoids offers numerous health benefits, excessive intake poses certain risks, including cardiovascular diseases and cancer. Addressing these concerns necessitates the establishment of specific regulatory guidelines regarding carotenoid consumption.

Regional Insights

U.S. Market Surge

The U.S. carotenoid market is witnessing a surge, driven by increasing prevalence of eye diseases and the wide-ranging applications of carotenoids as natural additives in food. The country's emphasis on ocular treatment, particularly for conditions like age-related macular degeneration, further fuels the demand for specific carotenoids such as lutein and zeaxanthin.

European Market Outlook

In Europe, markets such as Germany, France, the United Kingdom, and Russia are expected to witness substantial growth in the carotenoid sector. Factors such as recognized regulatory standards, increased R&D efforts, and changing consumer preferences contribute to the region's market expansion.

Segmental Breakdown

Application Insights

The food and beverage industry segment is projected to witness robust growth, driven by the escalating demand for functional food products. Additionally, the pharmaceutical products source segment is expected to register significant growth during the forecast period.

Source and Product Type Analysis

Synthetic carotenoids are expected to dominate the market in terms of revenue, while natural sources are poised to exhibit the highest CAGR. Beta-carotene and lutein are anticipated to witness substantial growth, catering to diverse industry demands.

Competitive Analysis

Market players such as BASF and DSM hold significant market shares, emphasizing product quality and expansion into emerging markets. Furthermore, newcomers must conduct thorough research to penetrate and sustain themselves in the competitive carotenoid market.

Some key companies in the market are:

BASF SE
CP Kelco U.S., Inc.
DSM N.V.
Chr. Hansen Holding A/S
FMC Corporation
Kemin Industries Inc.
Brenntag GmbH
Cyanotech Corporation
Citrus and Allied Essences Ltd
Naturex S.A.
D.D. Williamson & Co., Inc.

Carotenoid Industry Research by Category

By Source:

Natural
Synthetic

By Product Type:

Beta-Carotene
Lutein
Astaxanthin
Canthaxanthin
Lycopene
Others

By Application:

Food & Beverage Industry
Feed Industry
Dietary Supplements
Pharmaceutical products
Cosmetic & Personal care
Other Applications

By Region:

North America
Latin America
Europe
South Asia & Pacific
East Asia
Middle East & Africa

1. Executive Summary

1.1. Global Carotenoid Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value and Volume, 2023
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Production Output and Trade Statistics, 2018 - 2023

3.1. Global Carotenoid Production Output, by Region, Value (US$ Bn) and Volume (Tons), 2018 - 2023
- 3.1.1. North America
- 3.1.2. Europe
- 3.1.3. Asia Pacific
- 3.1.4. Latin America
- 3.1.5. Middle East and Africa

4. Price Analysis, 2018 - 2023

4.1. Global Average Price Analysis by Product Type, US$ Per Tons, 2018 - 2023
4.2. Prominent Factor Affecting Carotenoid Prices
4.3. Global Average Price Analysis by Region, US$ Per Tons

5. Global Carotenoid Market Outlook, 2018 - 2031

5.1. Global Carotenoid Market Outlook, by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Natural
  - 5.1.1.2. Synthetic
5.2. Global Carotenoid Market Outlook, by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Beta-Carotene
  - 5.2.1.2. Lutein
  - 5.2.1.3. Astaxanthin
  - 5.2.1.4. Canthaxanthin
  - 5.2.1.5. Lycopene
  - 5.2.1.6. Others
5.3. Global Carotenoid Market Outlook, by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. Food & Beverage Industry
  - 5.3.1.2. Feed Industry
  - 5.3.1.3. Dietary Supplements
  - 5.3.1.4. Pharmaceutical products
  - 5.3.1.5. Cosmetic & Personal care
  - 5.3.1.6. Other Applications
5.4. Global Carotenoid Market Outlook, by Region, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 5.4.1. Key Highlights
  - 5.4.1.1. North America
  - 5.4.1.2. Europe
  - 5.4.1.3. Asia Pacific
  - 5.4.1.4. Latin America
  - 5.4.1.5. Middle East & Africa

6. North America Carotenoid Market Outlook, 2018 - 2031

6.1. North America Carotenoid Market Outlook, by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Natural
  - 6.1.1.2. Synthetic
6.2. North America Carotenoid Market Outlook, by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Beta-Carotene
  - 6.2.1.2. Lutein
  - 6.2.1.3. Astaxanthin
  - 6.2.1.4. Canthaxanthin
  - 6.2.1.5. Lycopene
  - 6.2.1.6. Others
6.3. North America Carotenoid Market Outlook, by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. Food & Beverage Industry
  - 6.3.1.2. Feed Industry
  - 6.3.1.3. Dietary Supplements
  - 6.3.1.4. Pharmaceutical products
  - 6.3.1.5. Cosmetic & Personal care
  - 6.3.1.6. Other Applications
- 6.3.2. BPS Analysis/Market Attractiveness Analysis
6.4. North America Carotenoid Market Outlook, by Country, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 6.4.1. Key Highlights
  - 6.4.1.1. U.S. Carotenoid Market by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 6.4.1.2. U.S. Carotenoid Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 6.4.1.3. U.S. Carotenoid Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 6.4.1.4. Canada Carotenoid Market by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 6.4.1.5. Canada Carotenoid Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 6.4.1.6. Canada Carotenoid Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 6.4.2. BPS Analysis/Market Attractiveness Analysis

7. Europe Carotenoid Market Outlook, 2018 - 2031

7.1. Europe Carotenoid Market Outlook, by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Natural
  - 7.1.1.2. Synthetic
7.2. Europe Carotenoid Market Outlook, by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 7.2.1. Key Highlights
  - 7.2.1.1. Beta-Carotene
  - 7.2.1.2. Lutein
  - 7.2.1.3. Astaxanthin
  - 7.2.1.4. Canthaxanthin
  - 7.2.1.5. Lycopene
  - 7.2.1.6. Others
7.3. Europe Carotenoid Market Outlook, by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Food & Beverage Industry
  - 7.3.1.2. Feed Industry
  - 7.3.1.3. Dietary Supplements
  - 7.3.1.4. Pharmaceutical products
  - 7.3.1.5. Cosmetic & Personal care
- 7.3.2. Other Applications
7.4. Europe Carotenoid Market Outlook, by Country, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 7.4.1. Key Highlights
  - 7.4.1.1. Germany Carotenoid Market by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 7.4.1.2. Germany Carotenoid Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 7.4.1.3. Germany Carotenoid Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 7.4.1.4. U.K. Carotenoid Market by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 7.4.1.5. U.K. Carotenoid Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 7.4.1.6. U.K. Carotenoid Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 7.4.1.7. France Carotenoid Market by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 7.4.1.8. France Carotenoid Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 7.4.1.9. France Carotenoid Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 7.4.1.10. Italy Carotenoid Market by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 7.4.1.11. Italy Carotenoid Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 7.4.1.12. Italy Carotenoid Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 7.4.1.13. Turkey Carotenoid Market by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 7.4.1.14. Turkey Carotenoid Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 7.4.1.15. Turkey Carotenoid Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 7.4.1.16. Russia Carotenoid Market by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 7.4.1.17. Russia Carotenoid Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 7.4.1.18. Russia Carotenoid Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 7.4.1.19. Rest of Europe Carotenoid Market by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 7.4.1.20. Rest of Europe Carotenoid Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 7.4.1.21. Rest of Europe Carotenoid Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 7.4.2. BPS Analysis/Market Attractiveness Analysis

8. Asia Pacific Carotenoid Market Outlook, 2018 - 2031

8.1. Asia Pacific Carotenoid Market Outlook, by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Natural
  - 8.1.1.2. Synthetic
8.2. Asia Pacific Carotenoid Market Outlook, by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Beta-Carotene
  - 8.2.1.2. Lutein
  - 8.2.1.3. Astaxanthin
  - 8.2.1.4. Canthaxanthin
  - 8.2.1.5. Lycopene
  - 8.2.1.6. Others
8.3. Asia Pacific Carotenoid Market Outlook, by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. Food & Beverage Industry
  - 8.3.1.2. Feed Industry
  - 8.3.1.3. Dietary Supplements
  - 8.3.1.4. Pharmaceutical products
  - 8.3.1.5. Cosmetic & Personal care
  - 8.3.1.6. Other Applications
- 8.3.2. BPS Analysis/Market Attractiveness Analysis
8.4. Asia Pacific Carotenoid Market Outlook, by Country, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 8.4.1. Key Highlights
  - 8.4.1.1. China Carotenoid Market by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 8.4.1.2. China Carotenoid Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 8.4.1.3. China Carotenoid Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 8.4.1.4. Japan Carotenoid Market by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 8.4.1.5. Japan Carotenoid Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 8.4.1.6. Japan Carotenoid Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 8.4.1.7. South Korea Carotenoid Market by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 8.4.1.8. South Korea Carotenoid Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 8.4.1.9. South Korea Carotenoid Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 8.4.1.10. India Carotenoid Market by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 8.4.1.11. India Carotenoid Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 8.4.1.12. India Carotenoid Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 8.4.1.13. Southeast Asia Carotenoid Market by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 8.4.1.14. Southeast Asia Carotenoid Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 8.4.1.15. Southeast Asia Carotenoid Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 8.4.1.16. Rest of Asia Pacific Carotenoid Market by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 8.4.1.17. Rest of Asia Pacific Carotenoid Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 8.4.1.18. Rest of Asia Pacific Carotenoid Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 8.4.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Carotenoid Market Outlook, 2018 - 2031

9.1. Latin America Carotenoid Market Outlook, by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 9.1.1. Key Highlights
  - 9.1.1.1. Natural
  - 9.1.1.2. Synthetic
9.2. Latin America Carotenoid Market Outlook, by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 9.2.1. Key Highlights
  - 9.2.1.1. Beta-Carotene
  - 9.2.1.2. Lutein
  - 9.2.1.3. Astaxanthin
  - 9.2.1.4. Canthaxanthin
  - 9.2.1.5. Lycopene
  - 9.2.1.6. Others
9.3. Latin America Carotenoid Market Outlook, by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 9.3.1. Key Highlights
  - 9.3.1.1. Food & Beverage Industry
  - 9.3.1.2. Feed Industry
  - 9.3.1.3. Dietary Supplements
  - 9.3.1.4. Pharmaceutical products
  - 9.3.1.5. Cosmetic & Personal care
  - 9.3.1.6. Other Applications
- 9.3.2. BPS Analysis/Market Attractiveness Analysis
9.4. Latin America Carotenoid Market Outlook, by Country, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 9.4.1. Key Highlights
  - 9.4.1.1. Brazil Carotenoid Market by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 9.4.1.2. Brazil Carotenoid Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 9.4.1.3. Brazil Carotenoid Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 9.4.1.4. Mexico Carotenoid Market by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 9.4.1.5. Mexico Carotenoid Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 9.4.1.6. Mexico Carotenoid Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 9.4.1.7. Argentina Carotenoid Market by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 9.4.1.8. Argentina Carotenoid Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 9.4.1.9. Argentina Carotenoid Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 9.4.1.10. Rest of Latin America Carotenoid Market by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 9.4.1.11. Rest of Latin America Carotenoid Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 9.4.1.12. Rest of Latin America Carotenoid Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 9.4.2. BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Carotenoid Market Outlook, 2018 - 2031

10.1. Middle East & Africa Carotenoid Market Outlook, by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 10.1.1. Key Highlights
  - 10.1.1.1. Natural
  - 10.1.1.2. Synthetic
10.2. Middle East & Africa Carotenoid Market Outlook, by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 10.2.1. Key Highlights
  - 10.2.1.1. Beta-Carotene
  - 10.2.1.2. Lutein
  - 10.2.1.3. Astaxanthin
  - 10.2.1.4. Canthaxanthin
  - 10.2.1.5. Lycopene
  - 10.2.1.6. Others
10.3. Middle East & Africa Carotenoid Market Outlook, by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 10.3.1. Key Highlights
  - 10.3.1.1. Food & Beverage Industry
  - 10.3.1.2. Feed Industry
  - 10.3.1.3. Dietary Supplements
  - 10.3.1.4. Pharmaceutical products
  - 10.3.1.5. Cosmetic & Personal care
  - 10.3.1.6. Other Applications
10.4. Middle East & Africa Carotenoid Market Outlook, by Country, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 10.4.1. Key Highlights
  - 10.4.1.1. GCC Carotenoid Market by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 10.4.1.2. GCC Carotenoid Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 10.4.1.3. GCC Carotenoid Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 10.4.1.4. South Africa Carotenoid Market by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 10.4.1.5. South Africa Carotenoid Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 10.4.1.6. South Africa Carotenoid Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 10.4.1.7. Egypt Carotenoid Market by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 10.4.1.8. Egypt Carotenoid Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 10.4.1.9. Egypt Carotenoid Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 10.4.1.10. Nigeria Carotenoid Market by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 10.4.1.11. Nigeria Carotenoid Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 10.4.1.12. Nigeria Carotenoid Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 10.4.1.13. Rest of Middle East & Africa Carotenoid Market by Source, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 10.4.1.14. Rest of Middle East & Africa Carotenoid Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 10.4.1.15. Rest of Middle East & Africa Carotenoid Market by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 10.4.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape

11.1. By End User vs By Application Heatmap
11.2. Company Market Share Analysis, 2022
11.3. Competitive Dashboard
11.4. Company Profiles
- 11.4.1. BASF SE
  - 11.4.1.1. Company Overview
  - 11.4.1.2. Product Portfolio
  - 11.4.1.3. Financial Overview
  - 11.4.1.4. Business Strategies and Development
- 11.4.2. CP Kelco U.S., Inc
  - 11.4.2.1. Company Overview
  - 11.4.2.2. Product Portfolio
  - 11.4.2.3. Financial Overview
  - 11.4.2.4. Business Strategies and Development
- 11.4.3. DSM N.V
  - 11.4.3.1. Company Overview
  - 11.4.3.2. Product Portfolio
  - 11.4.3.3. Financial Overview
  - 11.4.3.4. Business Strategies and Development
- 11.4.4. Chr. Hansen Holding A/S
  - 11.4.4.1. Company Overview
  - 11.4.4.2. Product Portfolio
  - 11.4.4.3. Financial Overview
  - 11.4.4.4. Business Strategies and Development
- 11.4.5. FMC Corporation
  - 11.4.5.1. Company Overview
  - 11.4.5.2. Product Portfolio
  - 11.4.5.3. Financial Overview
  - 11.4.5.4. Business Strategies and Development
- 11.4.6. Kemin Industries Inc.
  - 11.4.6.1. Company Overview
  - 11.4.6.2. Product Portfolio
  - 11.4.6.3. Financial Overview
  - 11.4.6.4. Business Strategies and Development
- 11.4.7. Brenntag GmbH
  - 11.4.7.1. Company Overview
  - 11.4.7.2. Product Portfolio
  - 11.4.7.3. Financial Overview
  - 11.4.7.4. Business Strategies and Development
- 11.4.8. Cyanotech Corporation
  - 11.4.8.1. Company Overview
  - 11.4.8.2. Product Portfolio
  - 11.4.8.3. Financial Overview
  - 11.4.8.4. Business Strategies and Development
- 11.4.9. Citrus and Allied Essences Ltd
  - 11.4.9.1. Company Overview
  - 11.4.9.2. Product Portfolio
  - 11.4.9.3. Financial Overview
  - 11.4.9.4. Business Strategies and Development
- 11.4.10. Naturex S.A.
  - 11.4.10.1. Company Overview
  - 11.4.10.2. Product Portfolio
  - 11.4.10.3. Financial Overview
  - 11.4.10.4. Business Strategies and Development
- 11.4.11. D.D. Williamson & Co., Inc
  - 11.4.11.1. Company Overview
  - 11.4.11.2. Product Portfolio
  - 11.4.11.3. Financial Overview
  - 11.4.11.4. Business Strategies and Development

12. Appendix

12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations