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Market Research Report

Global Carotenoids Market By Source, By Type, By Application, By Formulation, By Region, Forecast & Opportunities, 2025

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Published Content info 113 Pages
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Global Carotenoids Market By Source, By Type, By Application, By Formulation, By Region, Forecast & Opportunities, 2025
Published: May 1, 2020 Content info: 113 Pages
Description

Global carotenoids market is expected to grow at a steady CAGR during the forecast period. The global carotenoids market is driven by the increased product demand from various end user industries such as pharmaceutical industry, cosmetic industry, among others. Moreover, growing awareness among the consumers regarding the benefits of consumption of healthy food is anticipated to positively impact the growth of market during the forecast years. Also, increase in research and developmental activities is further expected to bolster the growth of market over the next few years.

The global carotenoids market is segmented based on source, type, application, formulation, company and region. Based on type, the market can be categorized into astaxanthin, beta-carotene, lutein, lycopene, canthaxanthin, and zeaxanthin and others. Out of these, the lutein segment dominated the market in terms of largest market share during 2019 and is expected to maintain its leading position the market during the forecast years as well. This can be ascribed to its use in both, human nutrition as well as animal nutrition products. Moreover, it is widely acceptable on account of its capability to treat age-related eye disorders such as cataracts and macular degeneration. This is estimated to contribute to the growing size of the segment over the coming years. Beta-carotene segment is forecast to grow at a high pace during the next five years on account of its use as a colorant and antioxidant. Moreover, it also acts as a rich source of vitamin A in food, feed, dietary supplements, cosmetics, and medicines, which is anticipated to positively influence the growth of segment over the coming years.

Major players operating in the global carotenoids market include Koninklijke DSM, BASF, Chr. Hansen, Cyanotech Corporation, Allied Biotech Corporation, Lycored Limited, Kemin Industries, Fuji Chemical Industry Co Ltd., Novus International, Dohler Group, Excelvite Sdn. Bhd., DDW the Color House, Farbest Brands, Algatechnologies Ltd., Zhejiang NHU Co. Ltd., E.I.D. Parry, Divi's Laboratories, Dynadis SARL, Vidya Europe SAS, einove SAS and others. The companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions, partnership, agreements, and new developments.

Years considered for this report:

Historical Years: 2015-2018

Base Year: 2019

Estimated Year: 2020

Forecast Period: 2021-2025

Objective of the Study

  • To analyze and estimate the market size of global carotenoids market from 2015 to 2018.
  • To estimate and forecast the market size of global carotenoids market from 2019 to 2025 and growth rate until 2025.
  • To classify and forecast global carotenoids market based on source, type, application, formulation, company and regional distribution.
  • To identify dominant region or segment in the global carotenoids market.
  • To identify drivers and challenges for global carotenoids market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global carotenoids market.
  • To conduct pricing analysis for global carotenoids market.
  • To identify and analyze the profile of leading players operating in global carotenoids market.
  • To identify key sustainable strategies adopted by market players in global carotenoids market.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.

TechSci Research calculated the market size of global carotenoids market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience

  • Carotenoids manufacturers, suppliers, distributors and other stakeholders
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to carotenoids
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope

In this report, global carotenoids market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Global Carotenoids Market, By Source:

Synthetic Carotenoids

Natural Carotenoids

  • Global Carotenoids Market, By Type:

Astaxanthin

Beta-Carotene

Lutein

Lycopene

Canthaxanthin

Zeaxanthin

Others

  • Global Carotenoids Market, By Application:

Feed

Food & Beverages

Dietary Supplements

Cosmetics

Pharmaceuticals

  • Global Carotenoids Market, By Formulation:

Beadlet

Powder

Oil Suspension

Emulsion

  • Global Carotenoids Market, By Region:

North America

  • United States
  • Canada
  • Mexico

Europe

  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain

Asia-Pacific

  • China
  • Japan
  • India
  • South Korea
  • Australia

Middle East & Africa

  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait

South America

  • Brazil
  • Argentina
  • Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global carotenoids market.

Available Customizations

With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
Table of Contents
Product Code: 4705

Table of Contents

1. Product Overview

2. Research Methodology

3. Impact of COVID-19 on Global Carotenoids Market

4. Executive Summary

5. Voice of Customer

6. Global Carotenoids Market Outlook

  • 6.1. Market Size & Forecast
    • 6.1.1. By Value
  • 6.2. Market Share & Forecast
    • 6.2.1. By Source (Synthetic Carotenoids Vs Natural Carotenoids)
    • 6.2.2. By Type (Astaxanthin, Beta-Carotene, Lutein, Lycopene, Canthaxanthin, and Zeaxanthin)
    • 6.2.3. By Application (Feed, Food & Beverages, Dietary Supplements, Cosmetics, and Pharmaceuticals)
    • 6.2.4. By Formulation (Beadlet, Powder, Oil Suspension and Emulsion)
    • 6.2.5. By Company (2019)
    • 6.2.6. By Region
  • 6.3. Market Attractiveness Index

7. Asia-Pacific Carotenoids Market Outlook

  • 7.1. Market Size & Forecast
    • 7.1.1. By Value
  • 7.2. Market Share & Forecast
    • 7.2.1. By Source
    • 7.2.2. By Type
    • 7.2.3. By Application
    • 7.2.4. By Formulation
    • 7.2.5. By Country
  • 7.3. Asia-Pacific: Country Analysis
    • 7.3.1. China Carotenoids Market Outlook
      • 7.3.1.1. Market Size & Forecast
        • 7.3.1.1.1. By Value
      • 7.3.1.2. Market Share & Forecast
        • 7.3.1.2.1. By Source
        • 7.3.1.2.2. By Type
        • 7.3.1.2.3. By Application
    • 7.3.2. India Carotenoids Market Outlook
      • 7.3.2.1. Market Size & Forecast
        • 7.3.2.1.1. By Value
      • 7.3.2.2. Market Share & Forecast
        • 7.3.2.2.1. By Source
        • 7.3.2.2.2. By Type
        • 7.3.2.2.3. By Application
    • 7.3.3. Australia Carotenoids Market Outlook
      • 7.3.3.1. Market Size & Forecast
        • 7.3.3.1.1. By Value
      • 7.3.3.2. Market Share & Forecast
        • 7.3.3.2.1. By Source
        • 7.3.3.2.2. By Type
        • 7.3.3.2.3. By Application
    • 7.3.4. Japan Carotenoids Market Outlook
      • 7.3.4.1. Market Size & Forecast
        • 7.3.4.1.1. By Value
      • 7.3.4.2. Market Share & Forecast
        • 7.3.4.2.1. By Source
        • 7.3.4.2.2. By Type
        • 7.3.4.2.3. By Application
    • 7.3.5. South Korea Carotenoids Market Outlook
      • 7.3.5.1. Market Size & Forecast
        • 7.3.5.1.1. By Value
      • 7.3.5.2. Market Share & Forecast
        • 7.3.5.2.1. By Source
        • 7.3.5.2.2. By Type
        • 7.3.5.2.3. By Application

8. Europe Carotenoids Market Outlook

  • 8.1. Market Size & Forecast
    • 8.1.1. By Value
  • 8.2. Market Share & Forecast
    • 8.2.1. By Source
    • 8.2.2. By Type
    • 8.2.3. By Application
    • 8.2.4. By Formulation
    • 8.2.5. By Country
  • 8.3. Europe: Country Analysis
    • 8.3.1. France Carotenoids Market Outlook
      • 8.3.1.1. Market Size & Forecast
        • 8.3.1.1.1. By Value
      • 8.3.1.2. Market Share & Forecast
        • 8.3.1.2.1. By Source
        • 8.3.1.2.2. By Type
        • 8.3.1.2.3. By Application
    • 8.3.2. Germany Carotenoids Market Outlook
      • 8.3.2.1. Market Size & Forecast
        • 8.3.2.1.1. By Value
      • 8.3.2.2. Market Share & Forecast
        • 8.3.2.2.1. By Source
        • 8.3.2.2.2. By Type
        • 8.3.2.2.3. By Application
    • 8.3.3. United Kingdom Carotenoids Market Outlook
      • 8.3.3.1. Market Size & Forecast
        • 8.3.3.1.1. By Value
      • 8.3.3.2. Market Share & Forecast
        • 8.3.3.2.1. By Source
        • 8.3.3.2.2. By Type
        • 8.3.3.2.3. By Application
    • 8.3.4. Italy Carotenoids Market Outlook
      • 8.3.4.1. Market Size & Forecast
        • 8.3.4.1.1. By Value
      • 8.3.4.2. Market Share & Forecast
        • 8.3.4.2.1. By Source
        • 8.3.4.2.2. By Type
        • 8.3.4.2.3. By Application
    • 8.3.5. Spain Carotenoids Market Outlook
      • 8.3.5.1. Market Size & Forecast
        • 8.3.5.1.1. By Value
      • 8.3.5.2. Market Share & Forecast
        • 8.3.5.2.1. By Source
        • 8.3.5.2.2. By Type
        • 8.3.5.2.3. By Application

9. North America Carotenoids Market Outlook

  • 9.1. Market Size & Forecast
    • 9.1.1. By Value
  • 9.2. Market Share & Forecast
    • 9.2.1. By Source
    • 9.2.2. By Type
    • 9.2.3. By Application
    • 9.2.4. By Formulation
    • 9.2.5. By Country
  • 9.3. North America: Country Analysis
    • 9.3.1. United States Carotenoids Market Outlook
      • 9.3.1.1. Market Size & Forecast
        • 9.3.1.1.1. By Value
      • 9.3.1.2. Market Share & Forecast
        • 9.3.1.2.1. By Source
        • 9.3.1.2.2. By Type
        • 9.3.1.2.3. By Application
    • 9.3.2. Mexico Carotenoids Market Outlook
      • 9.3.2.1. Market Size & Forecast
        • 9.3.2.1.1. By Value
      • 9.3.2.2. Market Share & Forecast
        • 9.3.2.2.1. By Source
        • 9.3.2.2.2. By Type
        • 9.3.2.2.3. By Application
    • 9.3.3. Canada Carotenoids Market Outlook
      • 9.3.3.1. Market Size & Forecast
        • 9.3.3.1.1. By Value
      • 9.3.3.2. Market Share & Forecast
        • 9.3.3.2.1. By Source
        • 9.3.3.2.2. By Type
        • 9.3.3.2.3. By Application

10. South America Carotenoids Market Outlook

  • 10.1. Market Size & Forecast
    • 10.1.1. By Value
  • 10.2. Market Share & Forecast
    • 10.2.1. By Source
    • 10.2.2. By Type
    • 10.2.3. By Application
    • 10.2.4. By Formulation
    • 10.2.5. By Country
  • 10.3. South America: Country Analysis
    • 10.3.1. Brazil Carotenoids Market Outlook
      • 10.3.1.1. Market Size & Forecast
        • 10.3.1.1.1. By Value
      • 10.3.1.2. Market Share & Forecast
        • 10.3.1.2.1. By Source
        • 10.3.1.2.2. By Type
        • 10.3.1.2.3. By Application
    • 10.3.2. Argentina Carotenoids Market Outlook
      • 10.3.2.1. Market Size & Forecast
        • 10.3.2.1.1. By Value
      • 10.3.2.2. Market Share & Forecast
        • 10.3.2.2.1. By Source
        • 10.3.2.2.2. By Type
        • 10.3.2.2.3. By Application
    • 10.3.3. Colombia Carotenoids Market Outlook
      • 10.3.3.1. Market Size & Forecast
        • 10.3.3.1.1. By Value
      • 10.3.3.2. Market Share & Forecast
        • 10.3.3.2.1. By Source
        • 10.3.3.2.2. By Type
        • 10.3.3.2.3. By Application

11. Middle East and Africa Carotenoids Market Outlook

  • 11.1. Market Size & Forecast
    • 11.1.1. By Value
  • 11.2. Market Share & Forecast
    • 11.2.1. By Source
    • 11.2.2. By Type
    • 11.2.3. By Application
    • 11.2.4. By Formulation
    • 11.2.5. By Country
  • 11.3. MEA: Country Analysis
    • 11.3.1. South Africa Carotenoids Market Outlook
      • 11.3.1.1. Market Size & Forecast
        • 11.3.1.1.1. By Value
      • 11.3.1.2. Market Share & Forecast
        • 11.3.1.2.1. By Source
        • 11.3.1.2.2. By Type
        • 11.3.1.2.3. By Application
    • 11.3.2. Saudi Arabia Carotenoids Market Outlook
      • 11.3.2.1. Market Size & Forecast
        • 11.3.2.1.1. By Value
      • 11.3.2.2. Market Share & Forecast
        • 11.3.2.2.1. By Source
        • 11.3.2.2.2. By Type
        • 11.3.2.2.3. By Application
    • 11.3.3. UAE Carotenoids Market Outlook
      • 11.3.3.1. Market Size & Forecast
        • 11.3.3.1.1. By Value
      • 11.3.3.2. Market Share & Forecast
        • 11.3.3.2.1. By Source
        • 11.3.3.2.2. By Type
        • 11.3.3.2.3. By Application

12. Market Dynamics

  • 12.1. Drivers
  • 12.2. Challenges

13. Market Trends & Developments

14. Patent Analysis

15. Competitive Landscape

  • 15.1. Koninklijke DSM
  • 15.2. BASF
  • 15.3. Chr. Hansen
  • 15.4. Cyanotech Corporation
  • 15.5. Allied Biotech Corporation
  • 15.6. Lycored Limited
  • 15.7. Kemin Industries
  • 15.8. Fuji Chemical Industry Co Ltd.
  • 15.9. Novus International
  • 15.10. Dohler Group
  • 15.11. Excelvite Sdn. Bhd.
  • 15.12. DDW the Color House
  • 15.13. Farbest Brands
  • 15.14. Algatechnologies Ltd.
  • 15.15. Zhejiang NHU Co. Ltd.
  • 15.16. E.I.D. Parry
  • 15.17. Divi's Laboratories
  • 15.18. Dynadis SARL
  • 15.19. Vidya Europe SAS
  • 15.20. Deinove SAS

16. Strategic Recommendations

17. About Us & Disclaimer

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