Market Overview:
The global carotenoid feed additives market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for animal-based food products, rising awareness about the benefits of carotenoids, and technological advancements in the field of feed additives. The global carotenoid feed additives market is segmented on the basis of type into astaxanthin, beta-carotene, canthaxanthin, lycopene, and lutein. On the basis of application, it is segmented into fish farming, poultry farming (broiler chickens and layer hens), and other applications such as pets (dogs and cats) and aquaculture (shrimp). The North American region dominates this market followed by Europe due to high consumption levels of animal-based food products in these regions. Asia Pacific is projected to be fastest growing region during forecast period owing to rising population coupled with increasing disposable income levels that are fuelling demand for better quality meat products.
Product Definition:
Carotenoid Feed Additives are used as nutritional supplements in animal feed. They are important because they provide animals with essential vitamins and minerals that promote healthy skin, coat, and immune system function.
Astaxanthin:
Astaxanthin is a powerful antioxidant and it's ability to protect the cells from damage caused by free radicals has increased its usage in pharmaceuticals, nutraceuticals, and food & beverages. Astaxanthin is also used as a feed additive for animals that help in maintaining healthy eyesight. Astaxanthin can be produced naturally by some plants and microorganisms but mostly found in animal products such as meats & eggs.
Beta-Carotene:
Beta-carotene is a chemical that acts as an antioxidant and helps in protecting the cells against damage caused by free radicals. It also helps in increasing the body's resistance to bacterial, viral or fungal infections. The product is used as a raw material for manufacturing carotenoids which are widely used as feed additives for poultry, livestock and aquaculture species such as salmonids.
The global beta-carotene market size was valued at USD 1.
Application Insights:
The other application segment includes pet food, animal feed and human nutrition. Carotenoids are widely used in animal feed to promote the growth of livestock. The fish application segment is expected to witness the fastest CAGR over the forecast period owing to rising demand for carotenoid-rich products from aquaculture production.
Carotenoids have been proven beneficial in improving immunity and reducing inflammation which makes them a favorable additive for use in poultry diets across the globe. Rising awareness regarding healthy eating habits among consumers has resulted in increased consumption of poultry meat, eggs and dairy products which is anticipated to boost product demand over the forecast period.
Regional Analysis:
North America was the largest regional market in 2017 owing to high consumption of carotenoids in feed additives and animal nutrition. The region is expected to maintain its dominance over the forecast period due to increasing demand for canthaxanthin, astaxanthin, beta-carotene and lycopene. Rising consumer awareness regarding health benefits associated with nutritional products is also anticipated to propel industry growth over the coming years.
Asia Pacific is projected to be one of the fastest growing regions during the forecast period owing rising population coupled with increasing disposable income levels especially in developing countries such as China and India. Moreover, government initiatives encouraging FDI are likely boost industry expansion over next eight years particularly for food & beverage sector which accounts for a major share of overall Asia Pacific market volume share; this factor will help increase product penetration rate significantly thereby driving overall APAC market growth during same period.
Growth Factors:
- Increasing demand for natural colorants in food and beverage industry
- Rising awareness about the health benefits of carotenoids
- Growing demand for functional foods and dietary supplements
- Technological advancements in carotenoid extraction and purification processes
- Expansion of the global food processing industry
Scope Of The Report
Report Attributes
Report Details
Report Title
Carotenoid Feed Additives Market Research Report
By Type
Astaxanthin, Beta-Carotene, Canthaxanthin, Lycopene, Lutein
By Application
Fish, Poultry, Other
By Companies
DSM, BASF, Allied Biotech, Chenguang Biotech, FMC, Dohler, Chr. Hansen, Carotech, DDW, Excelvite, DSM, Tian Yin, Kemin
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
214
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Carotenoid Feed Additives Market Report Segments:
The global Carotenoid Feed Additives market is segmented on the basis of:
Types
Astaxanthin, Beta-Carotene, Canthaxanthin, Lycopene, Lutein
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Fish, Poultry, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- DSM
- BASF
- Allied Biotech
- Chenguang Biotech
- FMC
- Dohler
- Chr. Hansen
- Carotech
- DDW
- Excelvite
- DSM
- Tian Yin
- Kemin
Highlights of The Carotenoid Feed Additives Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Astaxanthin
- Beta-Carotene
- Canthaxanthin
- Lycopene
- Lutein
- By Application:
- Fish
- Poultry
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Carotenoid Feed Additives Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Carotenoid feed additives are a type of food additive that are used to improve the color, flavor, and nutritional value of animal feeds. Carotenoids are natural compounds found in plants and can be converted into other nutrients when fed to animals. Carotenoid feed additives can be divided into two categories: carotenes and xanthophylls.
Some of the key players operating in the carotenoid feed additives market are DSM, BASF, Allied Biotech, Chenguang Biotech, FMC, Dohler, Chr. Hansen, Carotech, DDW, Excelvite, DSM, Tian Yin, Kemin.
The carotenoid feed additives market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Carotenoid Feed Additives Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Carotenoid Feed Additives Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Carotenoid Feed Additives Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Carotenoid Feed Additives Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Carotenoid Feed Additives Market Size & Forecast, 2018-2028
4.5.1 Carotenoid Feed Additives Market Size and Y-o-Y Growth
4.5.2 Carotenoid Feed Additives Market Absolute $ Opportunity
Chapter 5 Global Carotenoid Feed Additives Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Carotenoid Feed Additives Market Size Forecast by Type
5.2.1 Astaxanthin
5.2.2 Beta-Carotene
5.2.3 Canthaxanthin
5.2.4 Lycopene
5.2.5 Lutein
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Carotenoid Feed Additives Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Carotenoid Feed Additives Market Size Forecast by Applications
6.2.1 Fish
6.2.2 Poultry
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Carotenoid Feed Additives Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Carotenoid Feed Additives Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Carotenoid Feed Additives Analysis and Forecast
9.1 Introduction
9.2 North America Carotenoid Feed Additives Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Carotenoid Feed Additives Market Size Forecast by Type
9.6.1 Astaxanthin
9.6.2 Beta-Carotene
9.6.3 Canthaxanthin
9.6.4 Lycopene
9.6.5 Lutein
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Carotenoid Feed Additives Market Size Forecast by Applications
9.10.1 Fish
9.10.2 Poultry
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Carotenoid Feed Additives Analysis and Forecast
10.1 Introduction
10.2 Europe Carotenoid Feed Additives Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Carotenoid Feed Additives Market Size Forecast by Type
10.6.1 Astaxanthin
10.6.2 Beta-Carotene
10.6.3 Canthaxanthin
10.6.4 Lycopene
10.6.5 Lutein
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Carotenoid Feed Additives Market Size Forecast by Applications
10.10.1 Fish
10.10.2 Poultry
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Carotenoid Feed Additives Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Carotenoid Feed Additives Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Carotenoid Feed Additives Market Size Forecast by Type
11.6.1 Astaxanthin
11.6.2 Beta-Carotene
11.6.3 Canthaxanthin
11.6.4 Lycopene
11.6.5 Lutein
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Carotenoid Feed Additives Market Size Forecast by Applications
11.10.1 Fish
11.10.2 Poultry
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Carotenoid Feed Additives Analysis and Forecast
12.1 Introduction
12.2 Latin America Carotenoid Feed Additives Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Carotenoid Feed Additives Market Size Forecast by Type
12.6.1 Astaxanthin
12.6.2 Beta-Carotene
12.6.3 Canthaxanthin
12.6.4 Lycopene
12.6.5 Lutein
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Carotenoid Feed Additives Market Size Forecast by Applications
12.10.1 Fish
12.10.2 Poultry
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Carotenoid Feed Additives Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Carotenoid Feed Additives Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Carotenoid Feed Additives Market Size Forecast by Type
13.6.1 Astaxanthin
13.6.2 Beta-Carotene
13.6.3 Canthaxanthin
13.6.4 Lycopene
13.6.5 Lutein
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Carotenoid Feed Additives Market Size Forecast by Applications
13.10.1 Fish
13.10.2 Poultry
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Carotenoid Feed Additives Market: Competitive Dashboard
14.2 Global Carotenoid Feed Additives Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DSM
14.3.2 BASF
14.3.3 Allied Biotech
14.3.4 Chenguang Biotech
14.3.5 FMC
14.3.6 Dohler
14.3.7 Chr. Hansen
14.3.8 Carotech
14.3.9 DDW
14.3.10 Excelvite
14.3.11 DSM
14.3.12 Tian Yin
14.3.13 Kemin
