Published on : Jan 07, 2019
Albany, New York, January 7, 2019: The use of carotenoids in food, feed, pharmaceutical and cosmetic industries has opened an array of opportunities for the growth of the market. Carotenoids continue to witness significant demand on account of its use as natural coloring agents in the food and beverage industry. Owing to growing awareness regarding sustainability and health concerns, demand for natural and organic food has increased. Sustainability with regards to food safety and quality has fortified organic food, thereby propelling the carotenoids market. In addition, carotenoids are used extensively in providing an alternative treatment for diabetes, aging, eyes and cancer. These insights are according to the report titled, “Carotenoids Market—Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018-2027,” which has been lately added to the exhaustive repository of Market Research Hub (MRH).
Demand for Carotenoids in Aquatic Feed Shores Up
On the back of rising consumption of seafood, a growth in demand for aquaculture feed has been witnessed. Aquaculture feeds need oil and fish meal made from marine fish, pelagic and products from agriculture as ingredients. Given high quantity of nutrients and proteins are found in carotenoids, its demand in the aquaculture feed has shored up.
Rampant Cardiovascular Diseases Fortify Lycopene Segment
Lycopene segment is anticipated to reign the market for carotenoids during the forecast period. Lycopene carotenoids, consumed as dietary and herbal supplement, assist in maintaining the heart rate which has spurred the demand for carotenoids in the market. Besides, growing concern with respect to cellular ageing eventually leading to cell death has led to investment in research and development activities.
North America to Remain as a Dominant Force during the Forecast Period
North America dominates geographical market for carotenoids as purchasing power and consciousness among consumers are relatively high. Moreover, favorable government policies on herbal supplements and food additives have made the region as a viable investment destination.
Carotenoids Market: Report Content
The report provides a thorough analysis on the carotenoids through qualitative and quantitative assessment of the market. Further, the report elucidates drivers, opportunities, restraints and trends which affect the growth of the market significantly. The report does segregation on the basis of type, end use, source and region to provide a holistic view of the carotenoids market.
The report starts with an exhaustive summary followed by definition of different segmentations that are incorporated along with their shares in the carotenoids market. The report also embodies supply chain of the market and includes PEST analysis and pricing analysis to provide a coherent analysis of the market. The report further incorporates value chain analysis, thereby showcasing a structural view of profitability from manufacturer to the end-user.
The last section of the report delves into the competitive landscape of the market with a dashboard view which analyses major developments, total revenue, product offerings and strategies. Some of the companies included in the report are, namely, Fuji Chemical Industries Co. Ltd., Koninklijke DSM N.V., Novus International and Nutralliance.
Carotenoids Market: Research Methodology
The research methodology applied in this report encompasses secondary research, primary research and review from expert panel. The secondary sources include national government documents, annual reports, SEC filings, company websites, and presentations by investors, internal and external proprietary database, industry white paper, World Bank database, market reports, regulatory database and statistical database. On the other hand, primary research includes e-mail interactions, face to face interviews and telephonic interviews. In order to provide readers with an honest and authentic report, expert panel diligently reviews the report. The assessment of revenue forecast has been done on the basis of absolute dollar opportunity analysis.
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