Carotenoids Market to Witness Robust Expansion throughout the Forecast 2018 – 2025

This report studies the global Carotenoids market status and forecast, categorizes the global Carotenoids market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

Carotenoids are organic pigments that are produced by plants and algae, as well as several bacteria and fungi. Carotenoids can be produced from fats and other basic organic metabolic building blocks by all these organisms. The only animals known to produce carotenoids are aphids and spider mites, which acquired the ability and genes from fungi. Carotenoids from the diet are stored in the fatty tissues of animals, and exclusively carnivorous animals obtain the compounds from animal fat.

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Carotenoids downstream is wide; the major fields are food, feed, pharmaceuticals and cosmetics etc. In recent years, these industries have developed rapidly. Increasing demand for food is expected to drive the demand for the Carotenoids market. As regions such as North America, China, and Europe are food ingredient driven regions, the demand for Carotenoidss is high in these areas.

Global market is expected to witness significant growth on account of rising applications, so in the next few years, Carotenoids production will show a trend of steady growth. In 2023 the production of Carotenoids will reach 3048MT, and the consumption increasing degree will be high. On product prices, it will be floating in the future.

The global Carotenoids market is valued at 1110 million US$ in 2017 and will reach 1160 million US$ by the end of 2025, growing at a CAGR of 0.6% during 2018-2025.

The major manufacturers covered in this report

    DSM

    BASF

    Allied Biotech

    Chenguang Biotech

    FMC

    Dohler

    Chr. Hansen

    Carotech

    DDW

    Excelvite

    Anhui Wisdom

    Tian Yin

    Kemin

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Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering

    North America

    Europe

    China

    Japan

    Southeast Asia

    India

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