Carotenoids Market share to see growth of $300 Mn By 2024

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Carotenoids Market Worth USD 300 Mn by 2024
Global Market Insights Inc.
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Key Insights from Carotenoids Market

• Carotenoids market size was over USD 200 million
  in 2015, increasing with estimated gains at over
  4.
• Rising application scope in dietary supplements
  and food beverages industry due to its benefits
  associated with immune system and cardiovascular
  health will stimulate global market size growth.
  Offering antioxidation in the body by
  deactivating free radicals is among the key
  trending factors fueling product penetration in
  consumer diet.
• Easy availability and comparatively less
  production cost makes the synthetic carotenoids
  market size a dominant industry segment. However,
  rising health consciousness pertaining to
  synthetic ingredients in food and personal care
  products will continue strengthening the drive
  for natural ingredients.
• Animal feed applications accounted for over 30
  of the global demand in 2015. Increasing
  palatability, high nutrient content, and animal
  sense organs enhancement has fueled product
  demand in this segment. Growing consumer demand
  for healthy appearance meat and standardized
  coloring in chicken, eggs, and salmons will
  foster industry growth.

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Continued...

• Latin America, led by Argentina and Brazil
  carotenoid market will witness significant gains.
  LATAM accounted for over 4 of the global
  industry share in 2015. Income upliftment in
  middle class population, changing lifestyle,
  well-informed more demanding consumers are
  driving products demand in Peru and Chile as
  well. Brazil is foreseen to be an attractive
  market in terms of raw material availability and
  strong supply chain network in the U.S.
• Beta-carotene market size generated over USD 40
  million in sales for 2015, and the product is
  foreseen to witness 4 growth. Maintaining eye
  skin health, curing cardiovascular disease with
  addition to the product in diet will fuel product
  demand.
• Global market is fragmented in nature and
  dominated by DSM and BASF holding about 50 of
  global capacity.
• In terms of geographic presence other major
  companies include, Allied Biotech, Chr. Hansen,
  Brenntag, Carotech, Cyanotech, Divis
  Laboratories, Naturex SA, D.D. Williamson, and
  LycoRed.

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U.S. Carotenoids Market size, by product, 2015
2024 (USD Million)

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