Carotenoids Market Comprehensive Analysis, Share, Growth Forecast from 2022 to 2028

Date: December 27, 2022

Carotenoids Market Comprehensive Analysis, Share, Growth Forecast from 2022 to 2028

Credible analysts point out that global Carotenoids Market, is estimated to showcase a notable growth rate during 2022-2028 and accrue a sustainable valuation by the end of the forecast period.

Rising cognizance regarding the various health benefits of carotenoids and their necessity for normal biological activities are the major factors fueling global carotenoids market growth over the analysis timeframe.

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For the uninitiated, carotenoids are a family of over 600 natural lipid-soluble pigments derived from a limited number of plants and fungi that play a key role in giving colors to a number of elements in nature, such as fruits, vegetables and leaves.

Notably, consuming carotenoids can be beneficial for the human body as these pigments effectively block and reduce the chances of producing Reactive Oxygen Species (ROS), while also aiding in preventing deterioration of cells, lipids, and DNA.

However, presence of a strict regulatory framework and high costs of extraction & processing are some of the constraining factors that may pose a threat to the profitability of the industry in the forthcoming years.

Moving on, global carotenoids marketplace is segregated in terms of source (synthetic, natural), end-user (food & beverages, nutraceuticals, cosmetics & personal care, animal & feed & nutrition), and type (lutein, zeaxanthin, astaxanthin, carotene {alpha-carotene, beta-cryptoxanthin, beta-carotene}, lycopene and others). Each vertical is effectively analyzed to enable readers in making well-informed investments.

From a regional frame of reference, North America, South America, Europe, Asia Pacific, and Middle East & Africa are the key contributors to overall market remuneration.

In order to achieve such a stature, most of the aforementioned companies are engaged in strategic alliances or are carrying out mergers and acquisitions to contribute to the newest product releases and maintain their pace with the changing socio-economic environment.

Sensient Colors LLC, Novus International Inc., FMC Corporation, Divis Laboratories Ltd., Cyanotech Corporation, Kemin Industries Inc., BASF SE, Lycored Corporation, Allied Biotech Corporation, Dohler S.A., Koninklijke DSM N.V., and Chr. Hansen Holding A/S are the prominent players impacting global carotenoids industry trends.

To cite an instance, Dohler S.A. became a major shareholder in ZUCASA, in April 2019, with the aim to support its expanding carotenoids centered product portfolio.

Questions and Answers: -

Question 1. What are the major factors fueling global carotenoids market growth?

Answer 1. Rising cognizance regarding the various health benefits of carotenoids and their necessity for normal biological activities are the major factors fueling global carotenoids market growth.

Question 2. Which are the regional avenues contributing a major portion of their revenue to global carotenoids market?

Answer 2. North America, South America, Europe, Asia Pacific, and Middle East & Africa are the regional avenues contributing a major portion of their revenue to global carotenoids market.

Question 3. Which are the prominent players influencing global carotenoids market trends?

Answer 3. Sensient Colors LLC, Novus International Inc., FMC Corporation, Divis Laboratories Ltd., Cyanotech Corporation, Kemin Industries Inc., BASF SE, Lycored Corporation, Allied Biotech Corporation, Dohler S.A., Koninklijke DSM N.V., and Chr. Hansen Holding A/S are prominent players influencing global carotenoids market trends.

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