Carotenoids Market | Industry Growth, Trends and Forecast Upto 2025
The global carotenoids market is expected to reach USD 1.74
billion by 2025, according to a new report by Grand View Research, Inc. The
growing application in human food, animal feed, dietary supplements, medicines,
and cosmetic application owing to the presence of essential nutrients and
vitamins in carotenoids will drive growth over the upcoming years. Furthermore,
the increasing demand for these applications on account of population growth,
increasing consumer surplus, and health awareness will aid in the industry
expansion.
U.S. carotenoids market revenue, by product, 2014 - 2025 (USD Million) |
The usage of these products in the pharmaceutical
sector will witness substantial revenue growth at a CAGR of 4.3% from 2016 to
2025. These products act as antioxidants within the body and protect the body
against chronic diseases, cellular damage, and the effects of aging.
Carotenoids aid in supporting eye, skin,
cardiovascular health, and are being widely used for cancer prevention. Strong
growth of pharmaceutical and cosmetic industry in emerging countries such as
China, India, and South Korea will create growth opportunities for the market
in the future.
Full
Research Report On Global Carotenoids Market By Grand View Research:
www.grandviewresearch.com/industry-analysis/carotenoids-market
www.grandviewresearch.com/industry-analysis/carotenoids-market
Further
key findings from the study suggest:
- Global carotenoids market demand was 1,150.4
tons in 2015 and is expected to grow significantly on account of
increasing demand for human nutrition and skin care cosmetics in emerging
countries such as China, India, South Korea, Brazil, Singapore, and
Thailand
- Europe accounted for 42% of the global volume
share in 2015 and is projected to foresee growth on account of rising
usage of the product in functional and processed food products over the
upcoming years.
- The rising demand for functional and processed
food owing to busy lifestyles is expected to positively impact market
growth. Moreover, the presence of major pharmaceutical companies such as
GlaxoSmithKline, Pfizer, Sanofi, and Novo Nordisk will drive the demand
over the forecast period.
- Natural sources are expected to witness
substantial revenue growth at a CAGR of 6.1% from 2016 to 2025 owing to
increasing consumer preference for natural products over synthetic
products. Natural carotenoids are safe sources of vitamin A which are
essential for growth, cellular reproduction, vision, and immunity, which
in turn, will witness considerable growth.
- The industry is dominated by key participants
including BASF SE, Allied Biotech, Kemin Industries, Brenntag, ExcelVite
Sdn. Bhd., Cyanotech Corp., Chr. Hansen, D. D. Williamson, DSM Nutritional
Products, Divis Laboratories, Naturex SA, and Lycored
Browse
More Reports Of This Category By Grand View Research:
www.grandviewresearch.com/industry/food-additives-nutricosmetics-flavors-and-fragrances
www.grandviewresearch.com/industry/food-additives-nutricosmetics-flavors-and-fragrances
Grand View Research has segmented the global carotenoids market on the
basis of source, product, application and region:
Source
Outlook (Volume, Tons; Revenue, USD Million; 2014 - 2025)
- Natural
- Synthetic
Product
Outlook (Volume, Tons; Revenue, USD Million; 2014 - 2025)
- Beta-carotene
- Lutein
- Lycopene
- Astaxanthin
- Zeaxanthin
- Canthaxanthin
- Others
Application
Outlook (Volume, Tons; Revenue, USD Million; 2014 - 2025)
- Food
- Supplements
- Feed
- Pharmaceuticals
- Cosmetics
Regional
Outlook (Volume, Tons; Revenue, USD Million; 2014 - 2025)
- North
America
- U.S.
- Europe
- Germany
- UK
- Asia
Pacific
- China
- India
- Central
& South America
- Brazil
- Middle
East & Africa
Access
Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/global-carotenoids-market
www.grandviewresearch.com/press-release/global-carotenoids-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For More
Information: www.grandviewresearch.com
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