The Global Carotenoids Market size is projected to reach USD 1168.7 Million by 2027, from USD 1127.5 Million in 2019, at a CAGR of 1% during the forecast period 2021-2027.
Carotenoids are commonly found in microorganisms, algae, and higher plant and some animal species. They provide bright yellow, red and orange colors and protect these species from the harmful effects of light, air, and sensitizer pigments. Carotenoids are mainly used as a food coloring. However, with advances in biotechnology and recombinant DNA technology, carotenoid extraction is more commercially feasible than ever before. This has led to increased production of carotenoid-based products.
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A full report of Global Carotenoids Market is available at: https://www.orionmarketreports.com/carotenoids-market/58443/
The following Segmentation are covered in this report:
Based on type
· Astaxanthin
· Beta-carotene
· Lutein
· Lycopene
· Canthaxanthin
· Zeaxanthin
· Other types (capsanthin, annatto, alpha-carotene, and apocarotenal)
Based on application
· Feed
· Food & beverages
· Dietary supplements
· Cosmetics
· Pharmaceuticals
Based on formulations
· Oil suspension
· Powder
· Beadlet
· Emulsion
Key Players
Key players in the market include 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)
The report covers the following objectives:
· Proliferation and maturation of trade in the global Carotenoids Market.
· The market share of the global Carotenoids Market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
· Current and future market trends that are influencing the growth opportunities and growth rate of the global Carotenoids Market.
· Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Carotenoids Market.
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
