Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Carotenoids for Human Use Market by Type (Astaxanthin, Beta-Carotene, Canthaxanthin, Lycopene, Lutein, Other), By Application (Food, Pharmaceuticals, Cosmetics) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Carotenoids for Human Use Market by Type (Astaxanthin, Beta-Carotene, Canthaxanthin, Lycopene, Lutein, Other), By Application (Food, Pharmaceuticals, Cosmetics) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 233373 4200 Chemical & Material 377 219 Pages 4.8 (37)
                                          

Market Overview:


The global carotenoids for human use 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 carotenoids from the food, pharmaceuticals, and cosmetics industries. Carotenoids are used as natural colorants and antioxidants in these industries. The type segment of the global carotenoids for human use market is dominated by beta-carotene, followed by astaxanthin and canthaxanthin. Beta-carotene is mainly used as a natural colorant in food products such as juices, dairy products, bakery items, etc., whereas astaxanthin is used as an antioxidant additive in dietary supplements and functional foods. The application segment of this market is dominated by food applications, followed by pharmaceuticals and cosmetics applications.


Global Carotenoids for Human Use Industry Outlook


Product Definition:


A carotenoid is a pigment that is found in many plants and fruits. They are responsible for the yellow, orange, and red colors of some fruits and vegetables. Carotenoids are important for human use because they are believed to help protect against diseases such as cancer.


Astaxanthin:


Astaxanthin is a powerful antioxidant and it's ability to protect the cells from damage caused by oxidation is the key growth factor in this market. Astaxanthin can be produced by both natural and artificial methods, however, natural astaxanthin has more benefits than its synthetic counterpart.


Beta-Carotene:


Beta-carotene is a chemical that acts as an antioxidant and helps protect the body against chronic diseases such as cancer, heart disease, and age-related disorders. It also aids in weight loss by helping burn calories in the body. The demand for beta-carotene has been on a rise over the past few years owing to its health benefits which has led to an increase in its consumption across various industries including food & beverage, animal feed additives among others.


Application Insights:


The food application segment led the global carotenoids for human use market in 2017, accounting for over 60% of the revenue share. The increasing demand for processed and ready-to-eat foods is expected to be a major factor driving product demand in this segment. Carotenoids are found naturally in many fruits and vegetables, which help maintain a healthy body by providing essential nutrients such as vitamins A & C, folate & fiber. Ascorbic acid, canthaxanthin and lutein being among the highest selling products owing to their high nutritional value coupled with low prices makes them highly competitive against other health supplements on account of these factors; they are likely to remain key players across various regions including North America, Europe Asia Pacific Oceania throughout the forecast period.


Regional Analysis:


North America accounted for the largest share of global market in 2017. The region is expected to maintain its dominance over the forecast period owing to increasing consumer awareness regarding health and nutritional benefits of carotenoids, presence of a large number of industry players, and easy availability of raw materials such as canthaxanthin.


Asia Pacific is anticipated to be the fastest-growing regional market from 2018 to 2030 due to high demand for dietary supplements among middle-aged & elderly population in countries such as China, India, Japan and South Korea. In addition, growing food processing sector coupled with rising disposable income will drive product demand further. Furthermore, increasing prevalence diabetes among people will create growth opportunities for carotenoids in Asia Pacific region over the forecast period.


Growth Factors:


  • Increasing awareness about the health benefits of carotenoids is expected to drive the demand for carotenoids for human use over the forecast period.
  • Rising prevalence of chronic diseases such as cancer, heart disease, and diabetes is anticipated to boost the demand for carotenoids as a dietary supplement in order to prevent these diseases.
  • Growing geriatric population is also projected to fuel the growth of this market during the forecast period owing to their increased vulnerability towards chronic diseases that can be prevented by consuming carotenoids supplements on a regular basis.
  • The increasing popularity of functional foods and nutraceuticals is also expected to propel demand for carotenoid supplements over the next few years. This will be mainly due to their ability improve overall health and well-being among consumers across all age groups. 5) Technological advancements in extraction and purification processes are likelyto result in lower production costsofcarotenoiddrugs, which would make them more affordablefor consumers worldwide

Scope Of The Report

Report Attributes

Report Details

Report Title

Carotenoids for Human Use Market Research Report

By Type

Astaxanthin, Beta-Carotene, Canthaxanthin, Lycopene, Lutein, Other

By Application

Food, Pharmaceuticals, Cosmetics

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

219

Number of Tables & Figures

154

Customization Available

Yes, the report can be customized as per your need.


Global Carotenoids for Human Use Market Report Segments:

The global Carotenoids for Human Use market is segmented on the basis of:

Types

Astaxanthin, Beta-Carotene, Canthaxanthin, Lycopene, Lutein, Other

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

Food, Pharmaceuticals, Cosmetics

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:

  1. DSM
  2. BASF
  3. Allied Biotech
  4. Chenguang Biotech
  5. FMC
  6. Dohler
  7. Chr. Hansen
  8. Carotech
  9. DDW
  10. Excelvite
  11. DSM
  12. Tian Yin
  13. Kemin

Global Carotenoids for Human Use Market Overview


Highlights of The Carotenoids for Human Use Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Astaxanthin
    2. Beta-Carotene
    3. Canthaxanthin
    4. Lycopene
    5. Lutein
    6. Other
  1. By Application:

    1. Food
    2. Pharmaceuticals
    3. Cosmetics
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Carotenoids for Human Use 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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Global Carotenoids for Human Use Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Carotenoids are a type of antioxidant that can protect cells from damage caused by free radicals. They are found in many fruits and vegetables, including carrots, sweet potatoes, and apricots. Some carotenoids have been shown to help prevent heart disease, cancer, and other diseases.

Some of the key players operating in the carotenoids for human use market are DSM, BASF, Allied Biotech, Chenguang Biotech, FMC, Dohler, Chr. Hansen, Carotech, DDW, Excelvite, DSM, Tian Yin, Kemin.

The carotenoids for human use market is expected to register a CAGR of 6.5%.

                                            
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Carotenoids for Human Use 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 Carotenoids for Human Use Market Dynamics       4.2.1 Market Drivers       4.2.2 Market Restraints       4.2.3 Market Opportunity    4.3 Carotenoids for Human Use 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 Carotenoids for Human Use 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 Carotenoids for Human Use Market Size & Forecast, 2018-2028       4.5.1 Carotenoids for Human Use Market Size and Y-o-Y Growth       4.5.2 Carotenoids for Human Use Market Absolute $ Opportunity

Chapter 5 Global Carotenoids for Human Use 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 Carotenoids for Human Use 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
      5.2.6 Other
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global Carotenoids for Human Use 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 Carotenoids for Human Use Market Size Forecast by Applications
      6.2.1 Food
      6.2.2 Pharmaceuticals
      6.2.3 Cosmetics
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Carotenoids for Human Use 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 Carotenoids for Human Use 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 Carotenoids for Human Use Analysis and Forecast
   9.1 Introduction
   9.2 North America Carotenoids for Human Use 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 Carotenoids for Human Use 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
      9.6.6 Other
   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 Carotenoids for Human Use Market Size Forecast by Applications
      9.10.1 Food
      9.10.2 Pharmaceuticals
      9.10.3 Cosmetics
   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 Carotenoids for Human Use Analysis and Forecast
   10.1 Introduction
   10.2 Europe Carotenoids for Human Use 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 Carotenoids for Human Use 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
      10.6.6 Other
   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 Carotenoids for Human Use Market Size Forecast by Applications
      10.10.1 Food
      10.10.2 Pharmaceuticals
      10.10.3 Cosmetics
   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 Carotenoids for Human Use Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Carotenoids for Human Use 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 Carotenoids for Human Use 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
      11.6.6 Other
   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 Carotenoids for Human Use Market Size Forecast by Applications
      11.10.1 Food
      11.10.2 Pharmaceuticals
      11.10.3 Cosmetics
   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 Carotenoids for Human Use Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Carotenoids for Human Use 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 Carotenoids for Human Use 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
      12.6.6 Other
   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 Carotenoids for Human Use Market Size Forecast by Applications
      12.10.1 Food
      12.10.2 Pharmaceuticals
      12.10.3 Cosmetics
   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) Carotenoids for Human Use Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Carotenoids for Human Use 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) Carotenoids for Human Use 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
      13.6.6 Other
   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) Carotenoids for Human Use Market Size Forecast by Applications
      13.10.1 Food
      13.10.2 Pharmaceuticals
      13.10.3 Cosmetics
   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 Carotenoids for Human Use Market: Competitive Dashboard
   14.2 Global Carotenoids for Human Use 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

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