This report focuses on Natural Carotenoids. Carotenoids, also called tetraterpenoids, are organic pigments that are produced by plants and algae, as well as several bacteria and fungi. Carotenoids give the characteristic color to carrots, corn, canaries, and daffodils, as well as egg yolks, rutabagas, buttercups, and bananas. Carotenoids can be produced from fats and other basic organic metabolic building blocks by all these organisms. Carotenoids from the diet are stored in the fatty tissues of animals, and exclusively carnivorous animals obtain the compounds from animal fat. There are over 600 known carotenoids, mainly included Beta -carotene, Lutein, lycopene, astaxanthin, canthaxanthin, lutein, carmine, capsaicin, fucoidin, etc.
Natural Carotenoids downstream is wide and recently Natural Carotenoids has acquired increasing significance in various fields of Food, Feed, Pharmaceuticals, Cosmetics and others. Globally, the Natural Carotenoids market is mainly driven by growing demand for Food and Feed. Food and Feed account for nearly 80.00% of total downstream consumption of Natural Carotenoids in global.
Global market is expected to witness significant growth on account of rising applications, so in the next few years, Natural Carotenoids consumption will show a trend of steady growth. In 2024 the consumption of Natural Carotenoids is estimated to be 2699.8 MT. On product prices, the slow downward trend in recent years will maintain in the future.
According to this study, over the next five years the Natural Carotenoids market will register a 3.2% CAGR in terms of revenue, the global market size will reach US$ 910 million by 2023, from US$ 750 million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Natural Carotenoids business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Natural Carotenoids market by product type, application, key manufacturers and key regions and countries.
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This study considers the Natural Carotenoids value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2013 to 2018, in Section 2.3; and forecast to 2023 in section 11.7.
Segmentation by application: breakdown data from 2013 to 2018, in Section 2.4; and forecast to 2023 in section 11.8.
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Oryza Oil & Fat Chemical
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Natural Carotenoids consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Natural Carotenoids market by identifying its various subsegments.
Focuses on the key global Natural Carotenoids manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Natural Carotenoids with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Natural Carotenoids submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Aira McDonald is a seasoned journalist with nearly 15 years experience. While studying journalism at the University of Detroit,, Aira found a passion for finding engaging stories. As a contributor to PR News Globe, Aira mostly covers human interest pieces.