Global Carotenoids Market – Global Industry Analysis and Forecast (2018-2026) – By Type, Source, Application, and Geography

Global Carotenoids Market – Global Industry Analysis and Forecast (2018-2026) – By Type, Source, Application, and Geography

Market Scenario

Global Carotenoids Market was valued US$ 1.64 Bn in 2017 and is expected to reach US$ 2.43 Bn by 2026, at a CAGR of 5.04% during a forecast period. The global carotenoids market based on type, source, application, and region. Based on type, the global carotenoids market is classified into astaxanthin, beta-carotene, canthaxanthin, lutein, lycopene, and zeaxanthin. In terms of source, the global carotenoids market is categorized into synthetic and natural. On the basis of application, the global carotenoids market is divided into supplements, food, feed, and cosmetics. Region wise into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Health problems faced by the geriatric population such as vision damage is often associated with insufficient intake of vitamins. This is expected to increase the demand for carotenoids, in that way, driving the market growth. Moreover, increase in demand for natural colorants and growth in end-user application further drive the global carotenoids market growth. Higher dietary intake of carotenoids also helps the body to revitalize by promoting the growth of healthy cells and impede the growth of unhealthy ones. This has led to the greater consumption of carotenoids in human food, thus driving the market growth. Furthermore, rise in demand for natural colors in food processing, beverages, and cosmetics industry is projected to open new avenues for carotenoids manufacturers. Nonetheless, stringent regulations on the use of carotenoids in human food, threats of adulteration, and higher cost of naturally sourced carotenoids as compared to synthetic carotenoids are expected to hamper the market growth. Global Carotenoids Market Based on type, the beta-carotene segment is estimated to be the fastest-growing market from 2017 to 2026. Increasing demand for natural beta-carotene due to its high effectiveness and medicinal properties is triggering the market for beta-carotene. On the basis of application, rising health consciousness of consumers and changing lifestyles, the consumers demand high-quality health supplements comprising health benefits such as immunity boosters and richness in proteins and vitamins. Carotenoids are main additives used in health supplements due to their several medicinal properties. Hence, the use of carotenoids in supplements is anticipated to increase in the upcoming years. Europe is one of the largest contributors to the global carotenoids due to the rise in usage of carotenoids through health supplements and in animal feed. Majority of the sales of the market has its source form North America and Europe. Furthermore, Asia Pacific is expected to witness considerable growth in the near future. Low-cost competition from some of the Asian countries is one of the market limits of the global carotenoids market. Some of the key players in the global carotenoids market are Algatechnologies Ltd., BASF SE, Dohler Group, Kemin Industries, Inc., FMC Corporation, and Chr. Hansen Holding A/S. Other major players influencing the market are Allied Biotech Corporation, DDW The Color House, ExeclViteSdn. Bhd., and Cyanotech Corporation.

Scope of the Global Carotenoids Market

Global Carotenoids Market by Type

• Astaxanthin • Beta-Carotene • Canthaxanthin • Lutein • Lycopene • Zeaxanthin

Global Carotenoids Market by Source

• Synthetic • Natural

Global Carotenoids Market by Application

• Supplements • Food • Feed • Cosmetics

Global Carotenoids Market by Geography

• North America • Europe • Asia-Pacific • Middle East & Africa • Latin America

Key Players operating in the Global Carotenoids Market

• BASF SE • Koninklijke DSM N.V. • Chr. Hansen A/S • FMC Corporation • Cyanotech Corporation • Kemin Industries Inc. • DDW The Colour House • Dhler Group • Allied Biotech Corporation • Excelvite • Algatechnologies Ltd. • Kemin Industries, Inc. Global Alternative Sweeteners Market

Table of Contents

Global Carotenoids Market

1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 1.4. Key Questions Answered 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations Used 2.3. Research Methodology 3. Executive Summary 3.1. Global Carotenoids Market Size, by Market Value (US$ Mn) and Market, by Region 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.3. Drivers and Restraints Snapshot Analysis 4.3.1. Drivers 4.3.2. Restraints 4.3.3. Opportunities 4.3.4. Porter’s Analysis 4.3.5. Value Chain Analysis 4.3.6. SWOT Analysis 5. Global Carotenoids Market Analysis and Forecast 5.1. Global Carotenoids Market Analysis and Forecast 5.2. Global Carotenoids Market Size& Y-o-Y Growth Analysis 5.2.1. North America 5.2.2. Europe 5.2.3. Asia Pacific 5.2.4. Middle East & Africa 5.2.5. Latin America 6. Global Carotenoids Market Analysis and Forecast, by Source 6.1. Introduction and Definition 6.2. Key Findings 6.3. Global Carotenoids Market Value Share Analysis, by Source 6.4. Global Carotenoids Market Size (US$ Mn) Forecast, by Source 6.5. Global Carotenoids Market Analysis, by Source 6.6. Global Carotenoids Market Attractiveness Analysis, by Source 7. Global Carotenoids Market Analysis and Forecast, by Type 7.1. Introduction and Definition 7.2. Global Carotenoids Market Value Share Analysis, by Type 7.3. Global Carotenoids Market Size (US$ Mn) Forecast, by Type 7.4. Global Carotenoids Market Analysis, by Type 7.5. Global Carotenoids Market Attractiveness Analysis, by Type 8. Global Carotenoids Market Analysis and Forecast, by Application 8.1. Introduction and Definition 8.2. Global Carotenoids Market Value Share Analysis, by Application 8.3. Global Carotenoids Market Size (US$ Mn) Forecast, by Application 8.4. Global Carotenoids Market Analysis, by Application 8.5. Global Carotenoids Market Attractiveness Analysis, by Application 9. Global Carotenoids Market Analysis, by Region 9.1. Global Carotenoids Market Value Share Analysis, by Region 9.2. Global Carotenoids Market Size (US$ Mn) Forecast, by Region 9.3. Global Carotenoids Market Attractiveness Analysis, by Region 10. North America Carotenoids Market Analysis 10.1. Key Findings 10.2. North America Carotenoids Market Overview 10.3. North America Carotenoids Market Value Share Analysis, by Source 10.4. North America Carotenoids Market Forecast, by Source 10.4.1. SYNTHETIC 10.4.2. Natural 10.5. North America Carotenoids Market Value Share Analysis, by Type 10.6. North America Carotenoids Market Forecast, by Type 10.6.1. Astaxanthin 10.6.2. Beta-Carotene 10.6.3. Canthaxanthin 10.6.4. Lutein 10.6.5. Lycopene 10.6.6. Zeaxanthin 10.7. North America Carotenoids Market Value Share Analysis, by Application 10.8. North America Carotenoids Market Forecast, by Application 10.8.1. Supplements 10.8.2. Food 10.8.3. Feed 10.8.4. Cosmetics 10.9. North America Carotenoids Market Value Share Analysis, by Country 10.10. North America Carotenoids Market Forecast, by Country 10.10.1. U.S. 10.10.2. Canada 10.11. North America Carotenoids Market Analysis, by Country 10.12. U.S. Carotenoids Market Forecast, by Source 10.12.1. SYNTHETIC 10.12.2. Natural 10.13. U.S. Carotenoids Market Forecast, by Type 10.13.1. Astaxanthin 10.13.2. Beta-Carotene 10.13.3. Canthaxanthin 10.13.4. Lutein 10.13.5. Lycopene 10.13.6. Zeaxanthin 10.14. U.S. Carotenoids Market Forecast, by Application 10.14.1. Supplements 10.14.2. Food 10.14.3. Feed 10.14.4. Cosmetics 10.15. Canada Carotenoids Market Forecast, by Source 10.15.1. SYNTHETIC 10.15.2. Natural 10.16. Canada Carotenoids Market Forecast, by Type 10.16.1. Astaxanthin 10.16.2. Beta-Carotene 10.16.3. Canthaxanthin 10.16.4. Lutein 10.16.5. Lycopene 10.16.6. Zeaxanthin 10.17. Canada Carotenoids Market Forecast, by Application 10.17.1. Supplements 10.17.2. Food 10.17.3. Feed 10.17.4. Cosmetics 10.18. North America Carotenoids Market Attractiveness Analysis 10.18.1. By Source 10.18.2. By Type 10.18.3. By Application 10.19. PEST Analysis 11. Europe Carotenoids Market Analysis 11.1. Key Findings 11.2. Europe Carotenoids Market Overview 11.3. Europe Carotenoids Market Value Share Analysis, by Source 11.4. Europe Carotenoids Market Forecast, by Source 11.4.1. SYNTHETIC 11.4.2. Natural 11.5. Europe Carotenoids Market Value Share Analysis, by Type 11.6. Europe Carotenoids Market Forecast, by Type 11.6.1. Astaxanthin 11.6.2. Beta-Carotene 11.6.3. Canthaxanthin 11.6.4. Lutein 11.6.5. Lycopene 11.6.6. Zeaxanthin 11.7. Europe Carotenoids Market Value Share Analysis, by Application 11.8. Europe Carotenoids Market Forecast, by Application 11.8.1. Supplements 11.8.2. Food 11.8.3. Feed 11.8.4. Cosmetics 11.9. Europe Carotenoids Market Value Share Analysis, by Country 11.10. Europe Carotenoids Market Forecast, by Country 11.10.1.1. Germany 11.10.1.2. U.K. 11.10.1.3. France 11.10.1.4. Italy 11.10.1.5. Spain 11.10.1.6. Rest of Europe 11.11. Europe Carotenoids Market Analysis, by Country/ Sub-region 11.12. Germany Carotenoids Market Forecast, by Source 11.12.1. SYNTHETIC 11.12.2. Natural 11.13. Germany Carotenoids Market Forecast, by Type 11.13.1. Astaxanthin 11.13.2. Beta-Carotene 11.13.3. Canthaxanthin 11.13.4. Lutein 11.13.5. Lycopene 11.13.6. Zeaxanthin 11.14. Germany Carotenoids Market Forecast, by Application 11.14.1. Supplements 11.14.2. Food 11.14.3. Feed 11.14.4. Cosmetics 11.15. U.K. Carotenoids Market Forecast, by Source 11.15.1. SYNTHETIC 11.15.2. Natural 11.16. U.K. Carotenoids Market Forecast, by Type 11.16.1. Astaxanthin 11.16.2. Beta-Carotene 11.16.3. Canthaxanthin 11.16.4. Lutein 11.16.5. Lycopene 11.16.6. Zeaxanthin 11.17. U.K. Carotenoids Market Forecast, by Application 11.17.1. Supplements 11.17.2. Food 11.17.3. Feed 11.17.4. Cosmetics 11.18. France Carotenoids Market Forecast, by Source 11.18.1. SYNTHETIC 11.18.2. Natural 11.19. France Carotenoids Market Forecast, by Type 11.19.1. Astaxanthin 11.19.2. Beta-Carotene 11.19.3. Canthaxanthin 11.19.4. Lutein 11.19.5. Lycopene 11.19.6. Zeaxanthin 11.20. France Carotenoids Market Forecast, by Application 11.20.1. Supplements 11.20.2. Food 11.20.3. Feed 11.20.4. Cosmetics 11.21. Italy Carotenoids Market Forecast, by Source 11.21.1. SYNTHETIC 11.21.2. Natural 11.22. Italy Carotenoids Market Forecast, by Type 11.22.1. Astaxanthin 11.22.2. Beta-Carotene 11.22.3. Canthaxanthin 11.22.4. Lutein 11.22.5. Lycopene 11.22.6. Zeaxanthin 11.23. Italy Carotenoids Market Forecast, by Application 11.23.1. Supplements 11.23.2. Food 11.23.3. Feed 11.23.4. Cosmetics 11.24. Spain Carotenoids Market Forecast, by Source 11.24.1. SYNTHETIC 11.24.2. Natural 11.25. Spain Carotenoids Market Forecast, by Type 11.25.1. Astaxanthin 11.25.2. Beta-Carotene 11.25.3. Canthaxanthin 11.25.4. Lutein 11.25.5. Lycopene 11.25.6. Zeaxanthin 11.26. Spain Carotenoids Market Forecast, by Application 11.26.1. Supplements 11.26.2. Food 11.26.3. Feed 11.26.4. Cosmetics 11.27. Rest of Europe Carotenoids Market Forecast, by Source 11.27.1. SYNTHETIC 11.27.2. Natural 11.28. Rest of Europe Carotenoids Market Forecast, by Type 11.28.1. Astaxanthin 11.28.2. Beta-Carotene 11.28.3. Canthaxanthin 11.28.4. Lutein 11.28.5. Lycopene 11.28.6. Zeaxanthin 11.29. Rest of Europe Carotenoids Market Forecast, by Application 11.29.1. Supplements 11.29.2. Food 11.29.3. Feed 11.29.4. Cosmetics 11.30. Europe Carotenoids Market Attractiveness Analysis 11.30.1. By Source 11.30.2. By Type 11.30.3. By Application 11.31. PEST Analysis 12. Asia Pacific Carotenoids Market Analysis 12.1. Key Findings 12.2. Asia Pacific Carotenoids Market Overview 12.3. Asia Pacific Carotenoids Market Value Share Analysis, by Source 12.4. Asia Pacific Carotenoids Market Forecast, by Source 12.4.1. SYNTHETIC 12.4.2. Natural 12.5. Asia Pacific Carotenoids Market Value Share Analysis, by Type 12.6. Asia Pacific Carotenoids Market Forecast, by Type 12.6.1. Astaxanthin 12.6.2. Beta-Carotene 12.6.3. Canthaxanthin 12.6.4. Lutein 12.6.5. Lycopene 12.6.6. Zeaxanthin 12.7. Asia Pacific Carotenoids Market Value Share Analysis, by Application 12.8. Asia Pacific Carotenoids Market Forecast, by Application 12.8.1. Supplements 12.8.2. Food 12.8.3. Feed 12.8.4. Cosmetics 12.9. Asia Pacific Carotenoids Market Value Share Analysis, by Country 12.10. Asia Pacific Carotenoids Market Forecast, by Country 12.10.1. China 12.10.2. India 12.10.3. Japan 12.10.4. ASEAN 12.10.5. Rest of Asia Pacific 12.11. Asia Pacific Carotenoids Market Analysis, by Country/ Sub-region 12.12. China Carotenoids Market Forecast, by Source 12.12.1. SYNTHETIC 12.12.2. Natural 12.13. China Carotenoids Market Forecast, by Type 12.13.1. Astaxanthin 12.13.2. Beta-Carotene 12.13.3. Canthaxanthin 12.13.4. Lutein 12.13.5. Lycopene 12.13.6. Zeaxanthin 12.14. China Carotenoids Market Forecast, by Application 12.14.1. Supplements 12.14.2. Food 12.14.3. Feed 12.14.4. Cosmetics 12.15. India Carotenoids Market Forecast, by Source 12.15.1. SYNTHETIC 12.15.2. Natural 12.16. India Carotenoids Market Forecast, by Type 12.16.1. Astaxanthin 12.16.2. Beta-Carotene 12.16.3. Canthaxanthin 12.16.4. Lutein 12.16.5. Lycopene 12.16.6. Zeaxanthin 12.17. India Carotenoids Market Forecast, by Application 12.17.1. Supplements 12.17.2. Food 12.17.3. Feed 12.17.4. Cosmetics 12.18. Japan Carotenoids Market Forecast, by Source 12.18.1. SYNTHETIC 12.18.2. Natural 12.19. Japan Carotenoids Market Forecast, by Type 12.19.1. Astaxanthin 12.19.2. Beta-Carotene 12.19.3. Canthaxanthin 12.19.4. Lutein 12.19.5. Lycopene 12.19.6. Zeaxanthin 12.20. Japan Carotenoids Market Forecast, by Application 12.20.1. Supplements 12.20.2. Food 12.20.3. Feed 12.20.4. Cosmetics 12.21. ASEAN Carotenoids Market Forecast, by Source 12.21.1. SYNTHETIC 12.21.2. Natural 12.22. ASEAN Carotenoids Market Forecast, by Type 12.22.1. Astaxanthin 12.22.2. Beta-Carotene 12.22.3. Canthaxanthin 12.22.4. Lutein 12.22.5. Lycopene 12.22.6. Zeaxanthin 12.23. ASEAN Carotenoids Market Forecast, by Application 12.23.1. Supplements 12.23.2. Food 12.23.3. Feed 12.23.4. Cosmetics 12.24. Rest of Asia Pacific Carotenoids Market Forecast, by Source 12.24.1. SYNTHETIC 12.24.2. Natural 12.25. Rest of Asia Pacific Carotenoids Market Forecast, by Type 12.25.1. Astaxanthin 12.25.2. Beta-Carotene 12.25.3. Canthaxanthin 12.25.4. Lutein 12.25.5. Lycopene 12.25.6. Zeaxanthin 12.26. Rest of Asia Pacific Carotenoids Market Forecast, by Application 12.26.1. Supplements 12.26.2. Food 12.26.3. Feed 12.26.4. Cosmetics 12.27. Asia Pacific Carotenoids Market Attractiveness Analysis 12.27.1. By Source 12.27.2. By Type 12.27.3. By Application 12.28. PEST Analysis 13. Middle East & Africa Carotenoids Market Analysis 13.1. Key Findings 13.2. Middle East & Africa Carotenoids Market Overview 13.3. Middle East & Africa Carotenoids Market Value Share Analysis, by Source 13.4. Middle East & Africa Carotenoids Market Forecast, by Source 13.4.1. SYNTHETIC 13.4.2. Natural 13.5. Middle East & Africa Carotenoids Market Value Share Analysis, by Type 13.6. Middle East & Africa Carotenoids Market Forecast, by Type 13.6.1. Astaxanthin 13.6.2. Beta-Carotene 13.6.3. Canthaxanthin 13.6.4. Lutein 13.6.5. Lycopene 13.6.6. Zeaxanthin 13.7. Middle East & Africa Carotenoids Market Value Share Analysis, by Application 13.8. Middle East & Africa Carotenoids Market Forecast, by Application 13.8.1. Supplements 13.8.2. Food 13.8.3. Feed 13.8.4. Cosmetics 13.9. Middle East & Africa Carotenoids Market Value Share Analysis, by Country 13.10. Middle East & Africa Carotenoids Market Forecast, by Country 13.10.1. GCC 13.10.2. South Africa 13.10.3. Rest of Middle East & Africa 13.11. Middle East & Africa Carotenoids Market Analysis, by Country/ Sub-region 13.12. GCC Carotenoids Market Forecast, by Source 13.12.1. SYNTHETIC 13.12.2. Natural 13.13. GCC Carotenoids Market Forecast, by Type 13.13.1. Astaxanthin 13.13.2. Beta-Carotene 13.13.3. Canthaxanthin 13.13.4. Lutein 13.13.5. Lycopene 13.13.6. Zeaxanthin 13.14. GCC Carotenoids Market Forecast, by Application 13.14.1. Supplements 13.14.2. Food 13.14.3. Feed 13.14.4. Cosmetics 13.15. South Africa Carotenoids Market Forecast, by Source 13.15.1. SYNTHETIC 13.15.2. Natural 13.16. South Africa Carotenoids Market Forecast, by Type 13.16.1. Astaxanthin 13.16.2. Beta-Carotene 13.16.3. Canthaxanthin 13.16.4. Lutein 13.16.5. Lycopene 13.16.6. Zeaxanthin 13.17. South Africa Carotenoids Market Forecast, by Application 13.17.1. Supplements 13.17.2. Food 13.17.3. Feed 13.17.4. Retail and eCommerce 13.17.5. Manufacturing 13.17.6. Cosmetics 13.18. Rest of Middle East & Africa Carotenoids Market Forecast, by Source 13.18.1. SYNTHETIC 13.18.2. Natural 13.19. Rest of Middle East & Africa Carotenoids Market Forecast, by Type 13.19.1. Astaxanthin 13.19.2. Beta-Carotene 13.19.3. Canthaxanthin 13.19.4. Lutein 13.19.5. Lycopene 13.19.6. Zeaxanthin 13.20. Rest of Middle East & Africa Carotenoids Market Forecast, by Application 13.20.1. Supplements 13.20.2. Food 13.20.3. Feed 13.20.4. Cosmetics 13.21. Middle East & Africa Carotenoids Market Attractiveness Analysis 13.21.1. By Source 13.21.2. By Type 13.21.3. By Application 13.22. PEST Analysis 14. Latin America Carotenoids Market Analysis 14.1. Key Findings 14.2. Latin America Carotenoids Market Overview 14.3. Latin America Carotenoids Market Value Share Analysis, by Source 14.4. Latin America Carotenoids Market Forecast, by Source 14.4.1. SYNTHETIC 14.4.2. Natural 14.5. Latin America Carotenoids Market Value Share Analysis, by Type 14.6. Latin America Carotenoids Market Forecast, by Type 14.6.1. Astaxanthin 14.6.2. Beta-Carotene 14.6.3. Canthaxanthin 14.6.4. Lutein 14.6.5. Lycopene 14.6.6. Zeaxanthin 14.7. Latin America Carotenoids Market Value Share Analysis, by Application 14.8. Latin America Carotenoids Market Forecast, by Application 14.8.1. Supplements 14.8.2. Food 14.8.3. Feed 14.8.4. Cosmetics 14.9. Latin America Carotenoids Market Value Share Analysis, by Country 14.10. Latin America Carotenoids Market Forecast, by Country 14.10.1. Brazil 14.10.2. Mexico 14.10.3. Rest of Latin America 14.11. Latin America Carotenoids Market Analysis, by Country/ Sub-region 14.12. Brazil Carotenoids Market Forecast, by Source 14.12.1. SYNTHETIC 14.12.2. Natural 14.13. Brazil Carotenoids Market Forecast, by Type 14.13.1. Astaxanthin 14.13.2. Beta-Carotene 14.13.3. Canthaxanthin 14.13.4. Lutein 14.13.5. Lycopene 14.13.6. Zeaxanthin 14.14. Brazil Carotenoids Market Forecast, by Application 14.14.1. Supplements 14.14.2. Food 14.14.3. Feed 14.14.4. Cosmetics 14.15. Mexico Carotenoids Market Forecast, by Source 14.15.1. SYNTHETIC 14.15.2. Natural 14.16. Mexico Carotenoids Market Forecast, by Type 14.16.1. Astaxanthin 14.16.2. Beta-Carotene 14.16.3. Canthaxanthin 14.16.4. Lutein 14.16.5. Lycopene 14.16.6. Zeaxanthin 14.17. Mexico Carotenoids Market Forecast, by Application 14.17.1. Supplements 14.17.2. Food 14.17.3. Feed 14.17.4. Cosmetics 14.18. Rest of Latin America Carotenoids Market Forecast, by Source 14.18.1. SYNTHETIC 14.18.2. Natural 14.19. Rest of Latin America Carotenoids Market Forecast, by Type 14.19.1. Astaxanthin 14.19.2. Beta-Carotene 14.19.3. Canthaxanthin 14.19.4. Lutein 14.19.5. Lycopene 14.19.6. Zeaxanthin 14.20. Rest of Latin America Carotenoids Market Forecast, by Application 14.20.1. Supplements 14.20.2. Food 14.20.3. Feed 14.20.4. Cosmetics 14.21. Latin America Carotenoids Market Attractiveness Analysis 14.21.1. By Source 14.21.2. By Type 14.21.3. By Application 14.22. PEST Analysis 15. Company Profiles 15.1. Market Share Analysis, by Company 15.2. Competition Matrix 15.3. Company Profiles: Key Players 15.3.1. BASF SE 15.3.1.1. Company Overview 15.3.1.2. Financial Overview 15.3.1.3. Business Strategy 15.3.1.4. Recent Developments 15.3.1.5. Manufacturing Footprint 15.3.2. Koninklijke DSM N.V. 15.3.3. Chr. Hansen A/S 15.3.4. FMC Corporation 15.3.5. Cyanotech Corporation 15.3.6. Kemin Industries Inc. 15.3.7. DDW The Colour House 15.3.8. Dhler Group 15.3.9. Allied Biotech Corporation 15.3.10. Excelvite 15.3.11. Algatechnologies Ltd. 15.3.12. Kemin Industries, Inc. 16. Primary Key Insights

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