The Carotenoid market is projected to grow at a CAGR of XX.XX% to reach US$XX.XXX billion by 2024, from US$XX.XXX billion in 2018. Carotenoids are plants pigments which are responsible for red, yellow or orange color in various fruits and vegetables. Carotenoids are mostly used as food coloring agents. Rising awareness about the medicinal application of carotenoids and increasing demand for natural colorants are considered as key drivers for the growth of the market during the forecast period. In addition, increasing application of carotenoid in various end-user industry further propel the market growth opportunities in the coming years. North America and Europe holds significant market share and are expected to maintain their dominance during the forecast period. However, the harmful effects of the high doses of carotenoid may restrain the market growth opportunities in the coming years.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study has been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottoms-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the carotenoid value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the Carotenoid market.
Major industry players profiled as part of the report are BASF SE, Allied Biotech Corp, EID Parry Ltd, Algatechnologies Ltd, Chr. Hansen A/S and DDW, The Color House among others.
The Carotenoid market has been analyzed through following segments:
Lutein and zeaxanthin
Food and Beverages
Middle East and Africa
Key insights offered
What will be the Carotenoid market size from 2018 to 2024?
How are the major drivers and restraints affecting the Carotenoid market growth and the opportunities which exist for key vendors?
Which segment and region will drive or lead the market growth and why?
A comprehensive analysis of competitive landscape and key market participants’ behaviour
Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth.