Carotenoids Market is likely to show significant growth between 2016 – 2024 - PowerPoint PPT Presentation

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Carotenoids Market is likely to show significant growth between 2016 – 2024

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Carotenoids Market Size By Source, By Product, By Application, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024 – PowerPoint PPT presentation

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Title: Carotenoids Market is likely to show significant growth between 2016 – 2024


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Global Carotenoids Market size to exceed USD
300mn by 2024
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Key Insights from Carotenoids Market
  • Rising consumer and producer preference for
    carotenoids owing to its high value in the
    pharmaceutical, food, and cosmetic industry will
    fuel the industry growth. These products act as a
    vital precursor to amino acids in feedstocks and
    have coloring antioxidant properties, which is
    driving product penetration. Moreover, benefits
    such as reducing the risk of cardiovascular
    diseases, increasing immunity, and improving eye
    health will further promulgate the demand for
    carotenoids infused products.
  • Factors such as the prevalence of the chronic
    disease, drug affordability, and favorable
    government policies concerning drug formulations
    will drive product demand across the
    pharmaceutical sector. Carotenoids are a major
    source of antioxidants owing to which it is used
    in various nutraceutical formulations for
    treating high cholesterol and blood pressure.
    Also, the presence of essential micronutrients
    such as vitamin A, vitamin D, etc. will further
    enhance its scope in functional food
    applications.
  • Natural carotenoids market is anticipated to
    witness significant gains over 4.5 by 2024.
    Growing demand for natural colors from various
    industries such as cosmetics, pharmaceuticals,
    and food will drive the segment growth.
    Increasing demand for clean label products owing
    to growing consumer awareness regarding ill
    effects of its synthetically derived counterparts
    will further accentuate segment share.

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Continued...
  • Beta carotene will witness over 4 CAGR up to
    2024. Growing health awareness, hectic lifestyle
    and early age problems in the current generation
    are driving the consumer to shift towards natural
    food products which will drive the market growth.
    Beta carotene is a red-orange colored pigment
    used abundantly for manufacturing color
    supplements in pink, orange, yellow, and red
    tones.
  • Food beverage is expected to register over 20
    market share by 2024. Color is a vital aspect of
    foods and beverages and hence carotenoids are
    majorly used as an additive in the food industry.
    Carotenoids are a bright yellow, red, and orange
    pigment and are majorly used as a food coloring
    agent. Although there are a variety of
    carotenoids available, very few are used
    commercially. Also, the demand for naturally
    produced food is growing rapidly in countries
    such as the US, UK, Australia, and Japan, which
    is further driving the market growth. Europe
    carotenoids market is anticipated to account for
    over 40 market share by 2024. Presence of key
    market players has contributed to the regions
    growth.
  • Chr. Hansen, BASF, Royal DSM, FMC Corporation,
    Kemin Industries Inc., Cyanotech Corporation,
    Dohler Group, Allied Biotech Corporation, and
    Divis Laboratories are among the key players
    operating in carotenoids market. The carotenoids
    market share is fragmented in nature due to the
    presence of international, and regional players.

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Europe Carotenoids Market, By Product, 2015
2024, (USD Million)

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Browse Full Market Research Report On
Carotenoids Market _at_ http//bit.ly/33NZxGa
Request for a Sample of this Research Report
_at_ https//www.gminsights.com/request-sample/detail
/855 /d etail/49
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