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.
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 Carotenoids Market Analysis:
http://www.grandviewresearch.com/industry-analysis/carotenoids-market
http://www.grandviewresearch.com/industry-analysis/carotenoids-market
Further key findings from the report 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
View More Reports
Of This Category By Grand View Research At: https://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
o U.S.
·
Europe
o Germany
o UK
·
Asia Pacific
o China
o India
·
Central & South America
o Brazil
·
Middle East & Africa
Access Full Press Release of this Report:
https://www.grandviewresearch.com/press-release/global-carotenoids-market
https://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: https://www.grandviewresearch.com/
No comments:
Post a Comment