According to Market Study Report, Carotenoids Market provides a comprehensive analysis of the Carotenoids Market segments, including their dynamics, size, growth, regulatory requirements, technological trends, competitive landscape, and emerging opportunities of global industry. This report also provides market landscape and market share information in the Carotenoids Market.
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The global carotenoids market size is projected to grow from US$ 1.5 Billion in 2019 to US$ 2.0 Billion by 2026, in terms of value, recording a compound annual growth rate (CAGR) of 4.2% during the forecast period. This report spread across 186 Pages, Profiling 20 Companies and Supported with 147 Tables and 39 Figures is now available in this research.
#Key Players-Koninklijke DSM (Netherlands), BASF (Germany), Chr. Hansen (Denmark), Kemin Industries (US), Lycored Limited (Israel), Cyanotech Corporation (US), Fuji Chemical Industry Co Ltd. (Japan), Novus International (US), DDW The Color House (US), Dohler Group (Germany), Allied Biotech Corporation (Taiwan), E.I.D Parry (India), Farbest Brands (US), Excelvite Sdn. Bhd. (Malaysia), AlgaTechnologies Ltd. (Israel), Zhejiang NHU Co. Ltd (China), Dynadis SARL (France), Deinove SAS (France), Vidya Europe SAS (France), and Divi’s Laboratories (India).
“The feed segment is projected to dominate the carotenoids market throughout the forecast period.”
The feed segment is projected to dominate the carotenoids market, on the basis of application, in terms of value. This is attributed to the extensive use of carotenoids in animal nutrition products. Carotenoids are incorporated in feed products to pigment the egg yolks, broiler skin, fishes, and crustaceans. Furthermore, due to the increasing demand for pork, poultry, and aquaculture products, key manufacturers are focusing on enhancing the appearance with the use of carotenoids.
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“The bead let segment is projected to grow at the highest growth rate during the forecast period.”
The bead let segment is projected to grow at the highest growth rate due to its increasing use in dietary supplements and pharmaceutical applications. Carotenoid bead lets are free-flowing spherical particles developed from spray drying technology. This technology helps to add fragile ingredients to supplements and protects them from the formulation stress of tablet compression.