Market Overview:
The global natural carotenoids 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 natural carotenoids from the food, feed, pharmaceuticals, and cosmetics industries. In addition, the growing awareness about the health benefits of natural carotenoids is also contributing to the growth of this market. The global natural carotenoids market can be segmented on the basis of type into astaxanthin, beta-carotene, fucoxanthin, lutein, canthaxanthin lycopene and other types. The astaxanthin segment is projected to grow at a CAGR of 7% during the forecast period from 2018 to 2030. This growth can be attributed to its various health benefits such as reducing inflammation and oxidative stress levels in humans.
Product Definition:
A natural carotenoid is a pigment found in certain plants that is responsible for their color. These pigments are important because they are believed to have health benefits, such as reducing the risk of cancer and heart disease.
Astaxanthin:
Astaxanthin is a powerful antioxidant and it's ability to protect the cell from damage caused by free radicals has increased its usage in the nutraceutical industry. Astaxanthin can be extracted from various sources such as yeast, Haematococcus pluvialis, carpophoresis and microalgae.
Beta-Carotene:
Beta-carotene is a chemical that acts as an antioxidant and helps in protecting the body against chronic diseases such as cancer, heart disease, and diabetes. It also aids in protection against eye damage caused by free radical damage. The product is used to manufacture carotenoids which are natural antioxidants found in plants and vegetables. Carotenoids are mainly extracted from carrots, sweet potatoes, pumpkin seeds, green squash and others.
Application Insights:
Feed was the largest application segment in 2017 and is projected to witness significant growth over the forecast period. Natural carotenoids are widely used as additives in animal feed to promote animal health, improve their performance, enhance their resistance to environmental stressors such as heat and cold. They also help maintain a constant body temperature during winters and summers, which helps animals withstand harsh climatic conditions.
Natural astaxanthin is gaining popularity among sports nutritionists for its ability to reduce inflammation along with providing antioxidant benefits. Astaxanthin has been proven effective against human eye diseases due largely to its high content of ¢â‚¬Å“4¢â‚¬ linolenic acid that provides anti-inflammatory & anti-oxidative properties along with protection against degenerative changes associated with macular degeneration & cataract formation in the eyes of humans.
Regional Analysis:
North America dominated the global natural carotenoids market in 2017. The region is expected to witness a CAGR of XX% over the forecast period, owing to increasing consumer awareness regarding health and nutritional benefits of dietary supplements. In addition, growing demand for processed food products in this region is anticipated to fuel industry growth over the coming years.
Asia Pacific accounted for a significant share in global natural carotenoids market due to high consumption of feed additives and pharmaceuticals products based on natural ingredients such as astaxanthin, canthaxanthin, lutein & zeaxanthin among others across emerging economies including China and India.
Growth Factors:
- Increasing demand for natural carotenoids from the food and beverage industry as a result of their health benefits is expected to drive the market growth.
- Rising awareness about the benefits of natural carotenoids is projected to fuel market growth over the forecast period.
- Growing application of natural carotenoids in nutraceuticals and cosmeceuticals is anticipated to create new opportunities for market growth.
- Technological advancements in extraction and purification processes are likely to boost the demand for natural carotenoids over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Natural Carotenoids Market Research Report
By Type
Astaxanthin, Beta-Carotene, Fucoxanthin, Lutein, Canthaxanthin, Lycopene, Other
By Application
Food, Feed, Pharmaceuticals, Cosmetics, Other
By Companies
DSM, Allied Biotech, Chenguang Biotech, FMC, Kemin, Oryza Oil & Fat Chemical, PoliNat, Amicogen, Nutraceuticals, Yigeda Bio-Technology, Dohler, Cyanotech, Fuji, Carotech, DDW, Excelvite, AnHui Wisdom, Tian Yin
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
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Natural Carotenoids Market Report Segments:
The global Natural Carotenoids market is segmented on the basis of:
Types
Astaxanthin, Beta-Carotene, Fucoxanthin, Lutein, Canthaxanthin, Lycopene, 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, Feed, Pharmaceuticals, Cosmetics, 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
- Allied Biotech
- Chenguang Biotech
- FMC
- Kemin
- Oryza Oil & Fat Chemical
- PoliNat
- Amicogen
- Nutraceuticals
- Yigeda Bio-Technology
- Dohler
- Cyanotech
- Fuji
- Carotech
- DDW
- Excelvite
- AnHui Wisdom
- Tian Yin
Highlights of The Natural Carotenoids 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
- Fucoxanthin
- Lutein
- Canthaxanthin
- Lycopene
- Other
- By Application:
- Food
- Feed
- Pharmaceuticals
- Cosmetics
- 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 Natural Carotenoids 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?
Natural carotenoids are a type of plant pigment that can be found in many fruits and vegetables. These pigments help to give foods their characteristic colors, and they have been shown to have health benefits, including reducing the risk of some types of cancer.
Some of the major companies in the natural carotenoids market are DSM, Allied Biotech, Chenguang Biotech, FMC, Kemin, Oryza Oil & Fat Chemical, PoliNat, Amicogen, Nutraceuticals, Yigeda Bio-Technology, Dohler, Cyanotech, Fuji, Carotech, DDW, Excelvite, AnHui Wisdom, Tian Yin.
The natural carotenoids market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Natural Carotenoids Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Natural Carotenoids Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Natural Carotenoids Market - Supply Chain
4.5. Global Natural Carotenoids Market Forecast
4.5.1. Natural Carotenoids Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Natural Carotenoids Market Size (000 Units) and Y-o-Y Growth
4.5.3. Natural Carotenoids Market Absolute $ Opportunity
5. Global Natural Carotenoids Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Natural Carotenoids Market Size and Volume Forecast by Type
5.3.1. Astaxanthin
5.3.2. Beta-Carotene
5.3.3. Fucoxanthin
5.3.4. Lutein
5.3.5. Canthaxanthin
5.3.6. Lycopene
5.3.7. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Natural Carotenoids Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Natural Carotenoids Market Size and Volume Forecast by Application
6.3.1. Food
6.3.2. Feed
6.3.3. Pharmaceuticals
6.3.4. Cosmetics
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Natural Carotenoids Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Natural Carotenoids Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Natural Carotenoids Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Natural Carotenoids Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Natural Carotenoids Demand Share Forecast, 2019-2026
9. North America Natural Carotenoids Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Natural Carotenoids Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Natural Carotenoids Market Size and Volume Forecast by Application
9.4.1. Food
9.4.2. Feed
9.4.3. Pharmaceuticals
9.4.4. Cosmetics
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Natural Carotenoids Market Size and Volume Forecast by Type
9.7.1. Astaxanthin
9.7.2. Beta-Carotene
9.7.3. Fucoxanthin
9.7.4. Lutein
9.7.5. Canthaxanthin
9.7.6. Lycopene
9.7.7. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Natural Carotenoids Demand Share Forecast, 2019-2026
10. Latin America Natural Carotenoids Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Natural Carotenoids Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Natural Carotenoids Market Size and Volume Forecast by Application
10.4.1. Food
10.4.2. Feed
10.4.3. Pharmaceuticals
10.4.4. Cosmetics
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Natural Carotenoids Market Size and Volume Forecast by Type
10.7.1. Astaxanthin
10.7.2. Beta-Carotene
10.7.3. Fucoxanthin
10.7.4. Lutein
10.7.5. Canthaxanthin
10.7.6. Lycopene
10.7.7. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Natural Carotenoids Demand Share Forecast, 2019-2026
11. Europe Natural Carotenoids Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Natural Carotenoids Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Natural Carotenoids Market Size and Volume Forecast by Application
11.4.1. Food
11.4.2. Feed
11.4.3. Pharmaceuticals
11.4.4. Cosmetics
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Natural Carotenoids Market Size and Volume Forecast by Type
11.7.1. Astaxanthin
11.7.2. Beta-Carotene
11.7.3. Fucoxanthin
11.7.4. Lutein
11.7.5. Canthaxanthin
11.7.6. Lycopene
11.7.7. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Natural Carotenoids Demand Share, 2019-2026
12. Asia Pacific Natural Carotenoids Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Natural Carotenoids Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Natural Carotenoids Market Size and Volume Forecast by Application
12.4.1. Food
12.4.2. Feed
12.4.3. Pharmaceuticals
12.4.4. Cosmetics
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Natural Carotenoids Market Size and Volume Forecast by Type
12.7.1. Astaxanthin
12.7.2. Beta-Carotene
12.7.3. Fucoxanthin
12.7.4. Lutein
12.7.5. Canthaxanthin
12.7.6. Lycopene
12.7.7. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Natural Carotenoids Demand Share, 2019-2026
13. Middle East & Africa Natural Carotenoids Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Natural Carotenoids Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Natural Carotenoids Market Size and Volume Forecast by Application
13.4.1. Food
13.4.2. Feed
13.4.3. Pharmaceuticals
13.4.4. Cosmetics
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Natural Carotenoids Market Size and Volume Forecast by Type
13.7.1. Astaxanthin
13.7.2. Beta-Carotene
13.7.3. Fucoxanthin
13.7.4. Lutein
13.7.5. Canthaxanthin
13.7.6. Lycopene
13.7.7. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Natural Carotenoids Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Natural Carotenoids Market: Market Share Analysis
14.2. Natural Carotenoids Distributors and Customers
14.3. Natural Carotenoids Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. DSM
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Allied Biotech
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Chenguang Biotech
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. FMC
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Kemin
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Oryza Oil & Fat Chemical
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. PoliNat
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Amicogen
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Nutraceuticals
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Yigeda Bio-Technology
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Dohler
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Cyanotech
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Fuji
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Carotech
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. DDW
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Excelvite
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. AnHui Wisdom
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Tian Yin
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
