Carotenes Market
Carotenes Market Share & Trends Analysis, By Type (Alpha-carotene, Beta-carotene), By Pigment Content (Up to 10%, 10 to 20%, 20 to 30%), By Form (Liquid or Oil, Powder), By End-use (Industrial, Consumer) & By Region Forecast - Global Review 2018 to 2028
Analysis of Carotenes Market Covering 30 + Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Introduction
Rising use of carotene as a viable food additive is boosting the growth trajectory of carotene market. Increasing consumer propensity for inclusion of naturally-sourced food ingredients is also a key factor responsible for spurring adoption of carotene. The rising vigor of fat-soluble plant pigments in food products is also creating innumerable opportunities for carotene market players. Surging use of carotene in drugs and pharmaceuticals, owing to the attributes promoting health and wellness, is boosting the growth of carotene market by a notable margin.
Owing to its antioxidant capabilities, carotene is also being increasingly adopted in case of personal care products, creating new revenue making opportunities for the players of carotene market. Rising demand for vitamin-A food supplements is on a considerable rise, fostering demand for carotene as a key source of vitamin A. Rising trend of consuming functional foods and nutritious food supplements is also a key aspect creating a multitude of opportunities for carotene market.
However, consideration of regulatory principles associated with consumption of carotene is likely to have far-reached influences on growth of carotene market. Rising penetration of plant-derived pigments in case of various commercial as well as industrial applications is likely to create favorable circumstances for growth of carotene market.
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Global Carotenes Market: Overview
Carotenes are an essential part of the carotenoid family and highly rich sources of vitamin A. Beta-carotene (one of the carotenes) is widely preferred over alpha-carotene due to its superior ability (almost two times higher) to convert into vitamin A as compared to the latter. The orange colored pigment of beta-carotene finds application in food coloring, dietary supplements and ready-to-eat food production to increase the nutritional content in packaged food. The growing adoption of nutritional supplements due to the increasing awareness among people regarding long-term health issues has propelled the demand for carotenes globally.
Global Carotenes Market: Dynamics
End consumers prefer fortified and functional foods and beverages, which are rich in specific food ingredients to address particular health concerns. Consumers who seek food sources rich in vitamin A and similar supplements prefer carotene-rich food products, especially beta-carotene, which has a high rate of conversion into vitamin A and addresses the health issue of night blindness. Other than this, carotenes are also preferred due to their antioxidant properties; however, the excessive consumption of vitamin A or carotenes is highly toxic and increases the probability of lung cancer in smokers.
The need for a doctor’s prescription restricts the dietary supplement segment of the carotenes market as consumers need to purchase carotene dietary supplements at a pharmacy. The consumption of carotenes is dictated by several regulations as these are easily available in fruits and vegetables in low concentration and excessive consumption in the form of supplements is toxic to human health. Furthermore, carotenes interact with other specific medications such as statins, orlistat and mineral oils, which can reduce the impact of both, the drug and carotenes. These factors and side effects act as restraints for the global carotenes market.
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Global Carotenes Market: Regional Outlook
Consumption of carotenes is effective in curing night blindness and also indicates the rate of cognitive decline; both of these symptoms are commonly observed in old aged people. China and Japan have a high percentage of old aged people, which ultimately creates a large opportunity for the carotene market. Also, the high availability of resources and raw materials has generated high economic availability of carotenes. Countries of Western Europe such as France, Germany, Italy, Greece, Austria and the Netherlands have a significant old age population.
High awareness related to health issues in developed economies acts as a driver for the carotenes market in the region. The MEA region, on the other hand, has a relatively smaller share of old age population. Moreover, the price of carotene sources in the region is considerably high, and low awareness among people regarding health issues in Sub-Saharan Africa countries has led to a low and matured market in the region. Latin America has a significantly large agriculture sector with a considerably young population, resulting in the small size of the carotenes market.
Global Carotenes Market: Market Participants
Some of the key players in the global carotenes market include:
- BASF SE
- Kemin Industries Inc.
- Algatechnologies Ltd.
- Hansen A/S
- Phytone Limited
- Royal DSM N.V.
- Cyanotech Corporation
- Allied Biotech Corporation
- LycoRed Ltd.
- Colormaker, Inc.
- Bio-gen Extracts Pvt. Ltd.
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Brief Approach to Research
Our analysis will follow a modeling-based approach and triangulation methodology to estimate data covered in this report. A detailed market understanding and assessment of the applications, types, forms, and end uses of the product segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data are collected at a regional level, consolidated and synthesized at a global level to estimate the overall market sizes.
Key Data Points Covered in the Report
Some of the key data points covered in our report include:
- An overview of the vegetable carbon including background and evolution
- Macroeconomic factors affecting the vegetable carbon and its potential
- Market dynamics, such as drivers, challenges, and trends in the market
- Detailed value chain analysis of the market
- The cost structure of the products and segments covered in the study of the market
- In-depth pricing analysis, by key product segments, regions and by major market participants in the market
- Analysis of supply and demand, such as top producing and consuming geographies, imports/exports, and overall trade scenario
- Analysis of the market structure, including a tier-wise categorization of key market participants
- Competitive landscape of the market, including detailed profiles of the top players
Global Carotenes Market: Segmentation
The global carotenes market can be segmented on the basis of carotene type as:
- Alpha-carotene
- Beta-carotene
The global carotenes market can be segmented on the basis of pigment content as:
- Up to 10%
- 10 to 20%
- 20 to 30%
- Above 30%
The global carotenes market can be segmented on the basis of the form of carotene as:
- Liquid or Oil
- Powder
- Capsule & tablets
The global carotenes market can be segmented on the basis of end use as:
- Industrial
- Consumer
- Food Color
- Dietary Supplement
The global carotenes market can be segmented on the basis of geographic regions as:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Middle East & Africa (MEA)
- Asia Pacific excluding Japan (APEJ)
- Japan
Table of Content
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Carotene Type 6.2. Pigment Content 6.3. Form Of Carotene 6.4. End Use 7. Global Market Analysis and Forecast, By Carotene Type 7.1. Alpha-carotene 7.2. Beta-carotene 8. Global Market Analysis and Forecast, By Pigment Content 8.1. Up to 10% 8.2. 10 to 20% 8.3. 20 to 30% 8.4. Above 30% 9. Global Market Analysis and Forecast, By Form Of Carotene 9.1. Liquid or Oil 9.2. Powder 9.3. Capsule & tablets 10. Global Market Analysis and Forecast, By End Use 10.1. Industrial 10.2. Consumer 11. Global Market Analysis and Forecast, By Region 11.1. North America 11.2. Latin America 11.3. Western Europe 11.4. Eastern Europe 11.5. East Asia 11.6. South Asia & Pacific 11.7. MEA 12. North America Sales Analysis and Forecast, by Key Segments and Countries 13. Latin America Sales Analysis and Forecast, by Key Segments and Countries 14. Western Europe Sales Analysis and Forecast, by Key Segments and Countries 15. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries 16. East Asia Sales Analysis and Forecast, by Key Segments and Countries 17. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries 18. MEA Sales Analysis and Forecast, by Key Segments and Countries 19. Sales Forecast by Carotene Type, Pigment Content, Form Of Carotene, and End Use for 30 Countries 20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 21. Company Profile 21.1. BASF SE 21.2. Kemin Industries Inc. 21.3. Algatechnologies Ltd. 21.4. Hansen A/S 21.5. Phytone Limited 21.6. Royal DSM N.V. 21.7. Cyanotech Corporation 21.8. Allied Biotech Corporation 21.9. LycoRed Ltd. 21.10. Colormaker, Inc. 21.11. Bio-gen Extracts Pvt. Ltd.
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List Of Table
Table 1: Global Market US$ Mn Forecast by Region
Table 2: Global Market US$ Mn Forecast by Carotene Type
Table 3: Global Market US$ Mn Forecast by Pigment Content
Table 4: Global Market US$ Mn Forecast by Form Of Carotene
Table 5: Global Market US$ Mn Forecast by End Use
Table 6: North America Market US$ Mn Forecast by Country
Table 7: North America Market US$ Mn Forecast by Carotene Type
Table 8: North America Market US$ Mn Forecast by Pigment Content
Table 9: North America Market US$ Mn Forecast by Form Of Carotene
Table 10: North America Market US$ Mn Forecast by End Use
Table 11: Latin America Market US$ Mn Forecast by Country
Table 12: Latin America Market US$ Mn Forecast by Carotene Type
Table 13: Latin America Market US$ Mn Forecast by Pigment Content
Table 14: Latin America Market US$ Mn Forecast by Form Of Carotene
Table 15: Latin America Market US$ Mn Forecast by End Use
Table 16: Western Europe Market US$ Mn Forecast by Country
Table 17: Western Europe Market US$ Mn Forecast by Carotene Type
Table 18: Western Europe Market US$ Mn Forecast by Pigment Content
Table 19: Western Europe Market US$ Mn Forecast by Form Of Carotene
Table 20: Western Europe Market US$ Mn Forecast by End Use
Table 21: Eastern Europe Market US$ Mn Forecast by Country
Table 22: Eastern Europe Market US$ Mn Forecast by Carotene Type
Table 23: Eastern Europe Market US$ Mn Forecast by Pigment Content
Table 24: Eastern Europe Market US$ Mn Forecast by Form Of Carotene
Table 25: Eastern Europe Market US$ Mn Forecast by End Use
Table 26: East Asia Market US$ Mn Forecast by Country
Table 27: East Asia Market US$ Mn Forecast by Carotene Type
Table 28: East Asia Market US$ Mn Forecast by Pigment Content
Table 29: East Asia Market US$ Mn Forecast by Form Of Carotene
Table 30: East Asia Market US$ Mn Forecast by End Use
Table 31: South Asia & Pacific Market US$ Mn Forecast by Country
Table 32: South Asia & Pacific Market US$ Mn Forecast by Carotene Type
Table 33: South Asia & Pacific Market US$ Mn Forecast by Pigment Content
Table 34: South Asia & Pacific Market US$ Mn Forecast by Form Of Carotene
Table 35: South Asia & Pacific Market US$ Mn Forecast by End Use
Table 36: MEA Market US$ Mn Forecast by Country
Table 37: MEA Market US$ Mn Forecast by Carotene Type
Table 38: MEA Market US$ Mn Forecast by Pigment Content
Table 39: MEA Market US$ Mn Forecast by Form Of Carotene
Table 40: MEA Market US$ Mn Forecast by End Use
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List Of Figures
Figure 1: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Carotene Type
Figure 2: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Pigment Content
Figure 3: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Form Of Carotene
Figure 4: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use
Figure 5: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 6: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Carotene Type
Figure 7: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Pigment Content
Figure 8: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Form Of Carotene
Figure 9: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use
Figure 10: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 11: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Carotene Type
Figure 12: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Pigment Content
Figure 13: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Form Of Carotene
Figure 14: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use
Figure 15: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 16: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Carotene Type
Figure 17: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Pigment Content
Figure 18: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Form Of Carotene
Figure 19: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use
Figure 20: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 21: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Carotene Type
Figure 22: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Pigment Content
Figure 23: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Form Of Carotene
Figure 24: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use
Figure 25: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 26: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Carotene Type
Figure 27: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Pigment Content
Figure 28: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Form Of Carotene
Figure 29: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use
Figure 30: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 31: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Carotene Type
Figure 32: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Pigment Content
Figure 33: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Form Of Carotene
Figure 34: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use
Figure 35: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 36: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Carotene Type
Figure 37: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Pigment Content
Figure 38: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Form Of Carotene
Figure 39: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use
Figure 40: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
Who are the key players of carotenese market?
BASF SE, Kemin Industries Inc., Algatechnologies Ltd. are the key players of carotenese market.
Which region will spearhead the growth in carotenese market?
North America is expected to possess 44% market share for carotenese market in the forecast period 2018-2028.
What is the anticipated growth of the carotenese market until 2028?
The carotenese market is expected to register a CAGR of 9% in the forecast period 2018-2028.
Carotenes Market