Market Research Report
Global Carotenoids Market - Products and Applications
|Published by||Industry Experts||Product code||690418|
|Published||Content info||344 Pages, 197 Charts
Delivery time: 1-2 business days
|Global Carotenoids Market - Products and Applications|
|Published: August 30, 2018||Content info: 344 Pages, 197 Charts||
Animal feed and food & beverage sectors are currently the largest markets for carotenoids globally. Carotenoids are used on a large scale in animal feeds, which is acting as the key growth driver of this market due to their high nutritive value and the pigmentation, which increases the palatability of the feed, in addition to enhancing the appearance of meat, meat products and fish. Growing awareness among consumers about benefits of carotenoids, greater emphasis on a healthy lifestyle and rising incidences of various diseases across the globe is driving the demand for carotenoids in dietary supplements and cosmetic industries.
Global demand for carotenoids by product is led by astaxanthin, estimated to account for about 32% in 2017, which is further projected to reach US$772 million by 2024. Carotenoids worldwide market is anticipated to touch US$1.5 billion in 2018.
The report analyzes the market for the following key product types of Carotenoids:
Major applications of Carotenoids analyzed in this study comprise the following:
The report reviews, analyzes and projects the global Carotenoids market for the period 2015-2024 in terms of market value in US$ and the compound annual growth rates (CAGRs) projected from 2017 through 2024