Our latest research report entitled Carotenoids Market (by type (beta-carotene, lutein, lycopene, astaxanthin, zeaxanthin, canthaxanthin, and other carotenoids), application (supplements, food, feed, cosmetics, and pharmaceuticals), formulation type (oil suspensions, beadlets, powders, and emulsions)) provides complete and deep insights into the market dynamics and growth of Carotenoids.
The latest information on market risks, industry chain structure Carotenoids cost structure, and opportunities are offered in this report. The past, present, and forecast market information will lead to investment feasibility by studying the essential Carotenoids growth factors.
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Growing Awareness about the Health Benefits of the Carotenoids Based Products Among the Millennial Consumers is Helping to Grow
Carotenoids are lipophilic plant pigments found in plants, photosynthetic bacteria, algae, and others. There are around 600 known carotenoids and 40 are useful for living beings. The common dietary carotenoids which are more useful are beta-carotene, lutein, lycopene, astaxanthin, zeaxanthin, canthaxanthin, and others.
These carotenoids are the rich source of antioxidants and have numerous health benefits such as helps to maintain good eye health, cardiovascular health, and others. Further, regular consumption of the carotenoids based fruits and vegetable carrots, mangoes, tomatoes, lums, and other fruits and vegetable helps to reduce the several chronic diseases like obesity, lung cancer, breast cancer, and other diseases.
The growing awareness about the health benefits of the carotenoids based products among the millennial consumers is helping to grow the demand of the carotenoids products around the globe. Further, the growing disposable income among the young and middle-class consumers in developing consumers and, simultaneously growing health consciousness among them is motivating them to consume carotenoids based products to improve their health. However, a lack of awareness among a large number of consumers about the health benefits of carotenoids is restricting the growth of the market in the near future.
North America is the Largest Player
Geographically, the carotenoids market is segmented into four regions, namely North America, Europe, the Asia-Pacific, and RoW. North America is the largest player in the carotenoids market, owing to the presence of a large number of pharmaceutical companies in this region, who are engaged in the production of the different types of carotenoid-based pharmaceutical products.
Further, the presence of a large number of the patient pool, who are suffering from a different type of chronic disease is providing a fertile ground for the growth of this market. The Asia-Pacific’s carotenoids market is expected to grow at the highest CAGR, owing to the growing demand of the carotenoids based products among the young and middle-class consumer for proper maintenance of the health.
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Report on Global Carotenoids Market Covers Segments such as Type, Application, and Formulation Type
On the basis of type, the sub-markets include beta-carotene, lutein, lycopene, astaxanthin, zeaxanthin, canthaxanthin, and other carotenoids. On the basis of application, the sub-markets include supplements, food, feed, cosmetics, and pharmaceuticals. On the basis of formulation type, the sub-markets include oil suspensions, beadlets, powders, and emulsions.
The report provides profiles of the companies in the market such as ExcelVite Sdn. Bhd., Allied Biotech Corporation, Döhler, D. D. Williamson Ireland Ltd., Kemin Industries, Cyanotech Corporation, FMC Corporation, Chr. Hansen A/S, Koninklijke DSM N.V., and BASF SE.
Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/food-beverage/global-carotenoids-market
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Carotenoids.
- Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market.
- The company profile includes analysis of product portfolio, revenue, SWOT analysis, and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand, and/or diversify.