Carotenoids Market Future Demand & Growth Analysis with Forecast up to 2024
Added: (Thu Dec 06 2018)
Pressbox (Press Release) -
Axiom Market Research & Consulting added a, “Carotenoids Market Research Report, By Type, Source, Application and Geography – Global Market Share, Trend Analysis and Forecast up to 2024” The Global carotenoids market was valued at USD 1.3 billion in 2015 and is projected to grow at a CAGR of 3.2% from 2017 to 2022. Carotenoids are any class of fat soluble pigments containing carotene which give mainly orange, yellow, or red color to the plants or animals.
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Carotenoids Market Analysis:
Carotenoids can be produced naturally by plants but need to be externally supplied to the human beings. Along with the coloration property, carotenoids are highly nutritious and are used to prevent various diseases like diabetes, obesity, and cancer.
Growing occurrences of chronic diseases like cancer, diabetes, obesity and high blood pressure is increasing the health consciousness of the consumers resulting into increased demand for healthy food and supplements.
Global Carotenoids Market Segmentation Based On:
Global Carotenoids Market By Type:
1. Astaxanthin
2. Beta carotene
3. Lutein
4. Canthaxanthin
5. Lycopene
6. Zeaxanthin
Global Carotenoids Market By Source:
1. Natural sources
2. Synthetic sources
Global Carotenoids Market By Application:
1. Health supplements
2. Human food
3. Animal feed
4. Cosmetics
5. Pharmaceuticals
Global Carotenoids Market By Geography:
1. North America
2. Europe
3. Asia Pacific
4. Latin America
5. Rest of the World
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Leading Partners of Carotenoids Market:
BASF SE, Royal DSM N.V., Chr. Hansen A/S, FMC Corporation, Kemin Industries Inc., Allied Biotech Corporation, Cynotech Corporation, D.D. Williamson & Co. Inc., ZMC DIVIS Laboratories, Carotech and LycoRed.
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