The carotenoids market is projected to take a significant hike in the coming years owing to its increasing potential applications in human healthcare, food coloring, personal care and cosmetics, and pharmaceuticals. Carotenoids are a class of pigments distributed ubiquitously in nature throughout the globe. These pigments have grabbed significant attention due to their applications in various industries, including biotechnology and more. Carotenoids may be classified into two groups based on the presence or absence of oxygen in their structures: carotenes (do not contain oxygen) and xanthophylls (contain oxygen).
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Currently, individuals are increasingly aware of the relevance of healthy diet on health and prevention of diseases. Consequently, bioactive compounds, including lipids, antioxidants, carbohydrates, and peptides, have become vital for human nutrition and the encouragement for the development of functional foods. Functional foods refer to foods that are rich in substances and bioactive compounds that are useful against diseases. The appearance of these foods externally is similar to that of conventional foods; conversely, functional foods offer much more advantages beyond essential nutritional functions and are increasingly preferred over traditional foods by individuals. They reduce the risks of chronic diseases and exhibit psychological benefits. In this context, incorporating carotenoids into diets with low amounts of natural pigments can offer health benefits which is contributing to the carotenoids market growth. Also, the bioavailability of carotenoids is improved when they are added to food, as compared to when they are consumed directly.
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The major players in the market include BASF SE, Koninklijke DSM N.V., Chr. Hansen Holding A/S, and Kemin Industries, Inc. The growing awareness regarding the benefits of carotenoids and shift towards a healthy lifestyle are encouraging food, animal feed and nutritional supplements producers to use carotenoids to meet the appropriate nutrition in their products. The carotenoids manufacturers are focusing on expanding their carotenoids products to gain a competitive advantage over their competitors.
Global Carotenoids Market- Segmentation
By Source
- Natural
- Synthetic
By Product
- Astaxanthin
- Lutein
- Capsanthin
- Beta-Carotene
- Lycopene
- Others
By Application
- Nutraceutical
- Pharmaceutical
- Poultry Feed
- Human Food
- Others (Cosmetics)
Global Carotenoids Market- Regions
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
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