Global Carotenoids Market Analysis with Key Players, Applications, Trends and Forecasts to 2028

By Ashwin Naphade  | Date: November 01, 2022

Global Carotenoids Market Analysis with Key Players, Applications, Trends and Forecasts to 2028

The report on ‘Global Carotenoids Market’ available with MarketStudyReport, states that global carotenoids market is anticipated to witness notable growth over the forecast period, amassing sizeable returns by the year 2028.

As per report citing, soaring requirement of carotenoids for regular biological functions and increased knowledge of their favorable health qualities are the major growth stimulants for global carotenoids market.

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For the unversed, carotenoids are a group of over 600 naturally occurring lipid-soluble pigments that are made by phytoplankton, algae, plants, a small number of fungi, and bacteria. The vibrant yellow and red hues of fruits, vegetables, and leaves are most prominent among the many different colors that contribute to nature's palette.

Moreover, widespread consumption of the product like zeaxanthin and lutein as supplements to prevent eye diseases & reduce the development of the degradation of lipids, reactive oxygen species (ROS), DNA, & cells, and the occurrence of carcinogenesis are the factors that are impelling industry outlook.

However, high costs of extraction & processing, stringent regulatory approvals, along with the presence of characteristics such as low water solubility, sensitivity to oxygen & heat, and the big particle size are expected to hamper market development in the coming years.

Based on source, the industry is split into synthetic and natural. In terms of type, worldwide carotenoids market is branched into zeaxanthin, astaxanthin, lycopene, lutein, beta-cryptoxanthin, carotene, and others. On the basis of end-use, the industry is categorized into animal feed & nutrition, nutraceuticals, cosmetic & personal care, food & beverage, and others. Among these, the food & beverage segment is anticipated to grow significantly during the stipulated timeframe.

Regionally, the latest trends are studied across Western and Eastern Europe, Asia-Pacific, North America, Latin America, and the Middle East & Africa. Out of which, Europe region holds a considerable market share and is projected to expand substantially in the coming years.

Sensient Colors LLC, Novus International, Inc., FMC Corporation, Divi's Laboratories Limited, Cyanotech Corporation, Kemin Industries Inc., BASF SE, LycoRed Corp., Allied Biotech Corporation, Dohler GmbH, Koninklijke DSM N.V., and Chr. Hansen A/S are the leading players in global carotenoids industry.

Questions and Answers: Global Carotenoids Market

Q1. What are the growth determinants for global carotenoids market?

Answer: Soaring requirement of carotenoids for regular biological functions and increased knowledge of their favorable health qualities are the major growth stimulants for global carotenoids market.

Q2. How are carotenoids useful for human health?

Answer: Widespread consumption of carotenoids like zeaxanthin and lutein as supplements to prevent eye diseases & reduce the development of the degradation of lipids are proving useful for human health.

Q3. Which are the key players in global carotenoids market?

Answer: Sensient Colors LLC, Novus International, Inc., FMC Corporation, Divi's Laboratories Limited, Cyanotech Corporation, Kemin Industries Inc., BASF SE, LycoRed Corp., Allied Biotech Corporation, DÖHLER GMBH, Koninklijke DSM N.V., and Chr. Hansen A/S are the leading players in global carotenoids industry.

For more details on this report:

https://www.marketstudyreport.com/reports/global-carotenoids-market-analysis-and-forecast-2019-2028/   

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About Author

Ashwin Naphade     ibmag.com

Ashwin Naphade

Ashwin is into digital marketing since the last 2 years and has worked on multiple projects across various industries. He likes posting information and knowledge on multiple topics with an objective to create online visibility as well as share his inputs. His interest...

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