Carotenoids Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2027

Published on : Dec-2018 | List of Tables : 121 | List of Figures : 93 | No. of Pages : 170 | Report Code : FACT1196MR | Format :

Key Insights - Carotenoids Market

Competitive Landscape: Notable Highlights

  • BASF entered into a deal with Planet to use satellite imaging and data on European farmers to develop analytics to power field zone metrics and insights for the digital farming platform, named as xarvio™. The partnership is likely to kick-off in early 2019. The company’s Germany unit also revised its forecast for 2018, and the company now expects EBIT to fall by 15-20%. The company blamed its chemical segment, low water levels on the Rhine, and weakness in automotive demand for the revision in forecast.
  • Koninklijke DSM NV is focusing on acquisitions globally, with plans to buy assets in India. The company is spending in Greenfield projects in India and also opened second plant in Telangana.
  • Chr. Hansen, the Danish Technological Institute (DTI), and University of Copenhagen have received The Danish Innovation fund grant to develop the next-generation microbial solution for sustainable agriculture production.
  • Givaudan has acquired Naturex following the delisting of shares of Naturex from Euronext Paris stock exchange. The integration process will continue over the coming months.
  • Cyanotech Corporation has signed an agreement with Cellana LLC to acquire Kona Demonstration Facility (KDF). The acquisition includes existing equipment and other assets useful to operate a facility.
  • ADAMA has entered into a partnership with Pessl Instruments to expand their collaboration in offering smart agricultural applications.
  • FMC Corporation won the best R&D pipeline and best application technology for the at-plant 3RIVE 3D® application system. The 3RIVE 3D technology is being tested in cotton, sunflowers, sugar beets, dry beans, and more.

Fact.MR’s study offers incisive insights on the carotenoids market. A summary of the report is available upon request.

Carotenoids Market Highly Consolidated Among Tier I Players

Carotenoids market is highly consolidated among tier 1 players. Collectively, Tier 1 players account for over 50% of revenue share in the market. Leading players are focusing on developing smart digital platforms and solutions for sustainable agriculture production, thereby, simplifying carotenoids production process.

global carotenoids market regional pricing analysis us per kg

Mergers & acquisitions are also among the key focus areas of the leading players to consolidate their position globally. Koninklijke DSM N.V., BASF SE, Chr. Hansen Holding A/S, and Archer Daniels Midland Company are some of the key players in the carotenoids market.

For full coverage of the competitive landscape, get in touch with our experts.

Growing Demand for Natural Colors in Food, Pharmaceuticals, and Cosmetics Industries

Natural colorants demand in various industries such as food & beverages, cosmetics, and pharmaceuticals is accelerating owing to its health benefits. Carotenoids are gaining consumer interest due to their unique biological functions promoting human health.

global carotenoids market market share analysis by application

In recent years, annatto, rich in two carotenoids including bixin and norbixin, has witnessing growing demand from dairy products, biscuits, flour, snacks, rice, cakes, meat, and soft drinks. Moreover, natural food color sales are growing globally in response to increasing demand for clean label products.

Formulators are exploring natural food colors, influencing consumer perception of the product. Organic certified colors are becoming prominent and new coloring juices are under development process following the National Organic Program (N.O.P) under U.S. Department for Agriculture.

The ban on several synthetic colors in the US is leading to the reformulation of products by EU exporters. This is alleviated by replacing synthetic colors with natural alternatives. Western Europe is likely to be the largest market for natural colors in the near future owing to growing demand for natural coloring by manufacturers. Natural food colors are being commercially produced for pharmaceuticals, due to consumer concerns regarding synthetic coloring.

The color cosmetics market in the US is also gaining popularity with natural and organic brands. FDA has also provided approved list of natural colorants including annatto, caramel, beta-carotene, etc., to be used in cosmetics. 

global carotenoids market market penetration by region

Carotenoid’s Effectiveness in Fighting AMD Boosting Adoption Among Geriatric Population

Research studies conducted across the globe are widening the area of carotenoids and their health benefits. The role of carotenoids in fighting Age-Related Macular Degeneration (AMD) is boosting adoption among the geriatric population. According to the National Eye Institute, AMD is one of the leading causes of vision loss in the US, affecting more than 1.75 million people. Moreover, owing to the rise in the aging population, AMD is likely to increase, affecting around 3 million people by 2020. Meanwhile, the International Agency for the Prevention of Blindness (IAPB) estimates that by 2020, 196 million people may suffer from AMD globally; this figure can increase to 288 million by 2040.

A cohort study revealed that high-intake of multi-carotenoids including zeaxanthin and lutein can reduce the risk of advanced AMD. Increasing emphasis on healthy lifestyle and rising incidences of various diseases are driving the demand for carotenoids in dietary supplements.

Carotenoids also play a prominent role in protecting bodily cells. Several researchers have found that consumption of required amount of food products containing beta-carotene can help fight against Vitamin A deficiency and degenerative diseases.

Carotenoids found in tomatoes have also shown positive outcomes for skin health benefits. Researchers at the Georgia University found a link between carotenoids and maintaining optimal hearing function.

Ingredient Compatibility, Storage and Sourcing Perspectives Remain Biggest Challenges

Obtaining vibrant color for various food products using natural colors continues to be a key challenge. Natural colors are incompatible with ‘one-size fits all’ food processing approach. Cold storage to maintain integrity of naturally sourced color is also difficult as opening and closing of storage unit may lead to microbial contamination and product degradation.

Ingredient compatibility poses another challenge for carotenoids. Rise in process variation in the food processing industry is impacting ingredient interaction. Moreover, oil-based naturally sourced colors including carotenoids and paprika can result in permanent stains, creating further challenges for food and beverage processors.

The trend of fortified drinks is gaining popularity. However, fortification process is causing undesirable color interactions. Fortificants such as vitamins and minerals reacting with pigments are causing color degradation.

Sourcing of natural colors from various geographical locations in which they are grown is an emerging challenge. For instance, carmine and annatto are exported primarily from Latin America and majority of the fruit-based colors come from Europe. Adverse climatic conditions in any of these regions is likely to affect global supply and cost of natural colorants.

In last few years, there has been a significant progress in increasing pro-vitamin A carotenoid content in maize. However, it has been found that carotenoid quality in maize during storage depends on temperature and humidity. Even a slight change in humidity and temperature can lead to degradation of carotenoids.

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Definition

Carotenoids are plant pigments responsible for yellow, orange, and bright red hues in fruits and vegetables. Carotenoids are found in cells of a wide variety of plants, bacteria, and algae. There are more than 600 types of carotenoids, beta-carotene, alpha-carotene, beta-cryptoxanthin, lutein, and zeaxanthin are some of the common types of carotenoids.

About the Report

The report on the carotenoids market provides valuable and actionable insights and forecast on the carotenoids market. The report offers a qualitative and quantitative analysis of the trends, and market dynamics, identifying prevailing market opportunities in the carotenoids market. Key regions and countries are also mapped in the carotenoids market report based on the market share.

The carotenoids market report also includes in-depth analysis of the market segments, key players, business strategies, and application areas in carotenoids market.

Market Structure

Analysis of market segmentation helps in determining existing market opportunities. The carotenoids market is segmented into application, type, and source. These key segments are further bifurcated into sub-segments.

global carotenoids market market segmentation

Based on the type, carotenoids market is segmented into beta-carotene, lycopene, lutein, canthaxanthin, astaxanthin, and others. On the basis of application, the market is segmented into cosmetics, food & beverages, animal feed, dietary supplements, pharmaceuticals, and other applications.

By source, the carotenoids market is segmented into natural and synthetic. The report also includes regional analysis backed by country-wise analysis.

Additional Questions Answered

In addition to the key insights, the report on the carotenoids market also provide answers to some of the important questions on the carotenoids market.

  • Which application is likely to register the highest growth in terms of revenue in carotenoids market by 2019?
  • Which region is expected to witness significant growth in carotenoids market in coming years?
  • Which type of carotenoid will find largest application in the food and beverage industry in carotenoids market?
  • What are the factors impacting the growth of carotenoids market?
  • Which is the highly-preferred source of carotenoids in various industries?

Research Methodology

The information and forecast on the carotenoids market is provided using an extensive research methodology. The research methodology uses both primary and secondary research to offer insights and data on the carotenoids market. Secondary research includes study of the market through published data which is verified with valid data sources. Primary research includes interview with industry and carotenoids market experts and industry-specific analysts.

Request methodology of this Report.

The latest report published by Fact.MR on the carotenoids market provides valuable insights, in-depth analysis and forecast on the carotenoids market. The report on the carotenoids market also includes quantitative and qualitative information and data through primary and secondary research. The study focuses on market dynamics including key trends, driving factors, restraints and growth opportunities in the carotenoids market. The facts and information provided on the carotenoids market are unbiased. The report also offers important factors impacting the growth of the carotenoids market.

Chapter 1- Executive Summary

This chapter of the report focuses on opportunity assessment and mega trends in the carotenoids market.

Chapter 2- Market Overview

This section of the report provides brief introduction to the carotenoids market along with the market taxonomy. The report also includes product-specific definition of carotenoids. Market size including value, volume, and year-on-year growth is also offered in the carotenoids market report.

Chapter 3- Carotenoids Market Dynamics

This chapter includes market dynamics such as latest trends, growth opportunities, market drivers, and challenges in the carotenoids market.

Chapter 4- Associated Industry Assessment

This chapter in the report provides information and data on the associated industry in carotenoids market. The report includes food additives and colorants market overview, color additives used in drugs, cosmetics, food, and medical devices. Information in labelling of food colors, supply chain and cost structure analysis, and manufacturing process of carotenoids is also highlighted in the report. The chapter also offers regulatory framework, forecast scenario, and macroeconomic factors.

Chapter 5- Carotenoids Market Analysis and Forecast

This chapter offers carotenoids market segmentation to provide better understanding of the market and identify opportunities for business. The carotenoids market is segmented on the basis of type, source, and application. The segments are further divided into sub-segments along with the revenue share, volume share, and year-on-year growth of each segment in the carotenoids market.

Chapter 6- North America Carotenoids Market Analysis

This section in the report provides key insights and analysis of the carotenoids market in North America. Country-wise analysis including information on the growth and opportunities in the key countries is also included in this chapter. Volume and value share of each country and key segments including type, applications, and source is also offered in the report on carotenoids market.

Chapter 7- Carotenoids Market in Latin America

This chapter highlights all the important factors leading to the growth in the carotenoids market in Latin America. The report also covers latest trends and challenges in the carotenoids market in Latin America. Key countries in the region are also provided in the report.

Chapter 8- Europe Carotenoids Market Analysis

This section in the report includes information on the type of carotenoids popular in the region along with its application. The report also offers trends and opportunities in the carotenoids market in various key countries in Europe. Market attractiveness analysis of the carotenoids market in Europe is also provided in this chapter.

Chapter 9- Carotenoids Market in Japan

The report provides valuable insights and in-depth analysis of the carotenoids market in Japan. The chapter also includes value and volume comparison based on the applications, source, and type of carotenoids in Japan. The factors accelerating growth along with the restraints in the carotenoids market in Japan are also offered in this report.

Chapter 10- APEJ Carotenoids Market Analysis

This chapter in the report includes country-wise analysis of the carotenoids market in APEJ. Latest trends, restraints, growth opportunities, and factors driving the market growth in the carotenoids market in APEJ are also offered in the report. The chapter focuses on leading market players and their business strategies for global expansion.

Chapter 11- Carotenoids Market in MEA

This section of the report highlights challenges faced by the key players in the carotenoids market in Latin America. The report also focuses on the current scenario of the carotenoids market in the key countries in MEA. Market share in terms of volume and value of each segment along with countries is also provided in this chapter.

Chapter 12- Company Profiles

This chapter of the report provide profiles of the leading players in the carotenoids market. Market structure along with the dashboard view of all the key players in the carotenoids market is also included in the report. The chapter also focuses on company share analysis along with the analysis of the companies based on the regions.

Chapter 1 Global Carotenoids Market - Executive Summary
1.1 Carotenoids Market- Opportunity Assessment
1.2 Mega Trends
1.3 Wheel of Fortune

Chapter 2 Global Carotenoids Market Overview
2.1 Introduction
    2.1.1 Global Carotenoids Market Taxonomy
    2.1.2 Global Carotenoids Market Definition
2.2 Global Carotenoids Market Size (US$ Mn) & Volume (000’ Kg) and Forecast, 2013-2027
    2.2.1 Global Carotenoids Market Y-o-Y Growth

Chapter 3 Global Carotenoids Market Dynamics
3.1 Market Dynamics
    3.1.1 Drivers
    3.1.2 Restraints
    3.1.3 Trends
    3.1.4 Opportunity

Chapter 4 Associated Industry Assessments
4.1 Food Additives & Colorants Market Overview
4.2 Color Additives for use in Food, Drugs, Cosmetics & Medical Devices
4.3 Confectionery Application Parameters for Natural Colors
4.4 Comparing food colour regulations in the EU and the US
4.5 Approval process of color additives in EU and the US
4.6 Labelling of Food Colors
4.7 Supply Chain Analysis
4.8 Cost Structure Analysis
4.9 Manufacturing Process of Carotenoids
4.10 Regulatory Framework
    4.10.1 Natural Colors Regulations across the world
4.11 Application of Carotenoids
4.12 Key Participants Market Presence (Intensity Map) By Region
4.13 Macroeconomic Factors impacting Carotenoids Market
4.14 Forecast Factors
4.15 Forecast Scenario
4.16 Porter’s Five Forces Analysis
4.17 PEST Analysis
4.18 Investment Feasibility Index

Chapter 5 Global Carotenoids Market Analysis and Forecast 2013-2027
5.1 Global Carotenoids Market Size and Forecast by Type, 2013-2027
    5.1.1 Beta-Carotene Market Size and Forecast, 2013-2027
           5.1.1.1 Revenue (US$ Mn) & Volume (000’ Kg) Comparison, By Region
           5.1.1.2 Market Share Comparison, By Region
    5.1.2 Lutein Market Size and Forecast, 2013-2027
           5.1.2.1 Revenue (US$ Mn) & Volume (000’ Kg) Comparison, By Region
           5.1.2.2 Market Share Comparison, By Region
           5.1.2.3 Y-o-Y growth Comparison, By Region
    5.1.3 Lycopene Market Size and Forecast, 2013-2027
           5.1.3.1 Revenue (US$ Mn) & Volume (000’ Kg) Comparison, By Region
           5.1.3.2 Market Share Comparison, By Region
           5.1.3.3 Y-o-Y growth Comparison, By Region
    5.1.4 Astaxanthin Market Size and Forecast, 2013-2027
           5.1.4.1 Revenue (US$ Mn) & Volume (000’ Kg) Comparison, By Region
           5.1.4.2 Market Share Comparison, By Region
           5.1.4.3 Y-o-Y growth Comparison, By Region
    5.1.5 Canthaxanthin Market Size and Forecast, 2013-2027
           5.1.5.1 Revenue (US$ Mn) & Volume (000’ Kg) Comparison, By Region
           5.1.5.2 Market Share Comparison, By Region
           5.1.5.3 Y-o-Y growth Comparison, By Region
    5.1.6 Others Market Size and Forecast, 2013-2027
           5.1.6.1 Revenue (US$ Mn) & Volume Comparison, By Region
           5.1.6.2 Market Share Comparison, By Region
           5.1.6.3 Y-o-Y growth Comparison, By Region
5.2 Global Carotenoids Market Size and Forecast By Application, 2013-2027
    5.2.1 Food & Beverages Market Size and Forecast, 2013-2027
           5.2.1.1 Revenue (US$ Mn) & Volume (000’ Kg) Comparison, By Region
           5.2.1.2 Market Share Comparison, By Region
           5.2.1.3 Y-o-Y growth Comparison, By Region
    5.2.2 Cosmetics Market Size and Forecast, 2013-2027
           5.2.2.1 Revenue (US$ Mn) & Volume (000’ Kg) Comparison, By Region
           5.2.2.2 Market Share Comparison, By Region
           5.2.2.3 Y-o-Y growth Comparison, By Region
    5.2.3 Dietary Suppplements Market Size and Forecast, 2013-2027
           5.2.3.1 Revenue (US$ Mn) & Volume (000’ Kg) Comparison, By Region
           5.2.3.2 Market Share Comparison, By Region
           5.2.3.3 Y-o-Y growth Comparison, By Region
    5.2.4 Animal Feed Market Size and Forecast, 2013-2027
           5.2.4.1 Revenue (US$ Mn) & Volume (000’ Kg) Comparison, By Region
           5.2.4.2 Market Share Comparison, By Region
           5.2.4.3 Y-o-Y growth Comparison, By Region
    5.2.5 Pharmaceuticals Market Size and Forecast, 2013-2027
           5.2.5.1 Revenue (US$ Mn) & Volume (000’ Kg) Comparison, By Region
           5.2.5.2 Market Share Comparison, By Region
           5.2.5.3 Y-o-Y growth Comparison, By Region
    5.2.6 Other Applications Market Size and Forecast, 2013-2027
           5.2.6.1 Revenue (US$ Mn) & Volume (000’ Kg) Comparison, By Region
           5.2.6.2 Market Share Comparison, By Region
           5.2.6.3 Y-o-Y growth Comparison, By Region
5.3 Global Carotenoids Market Size and Forecast By Source, 2013-2027
    5.3.1 Synthetic Market Size and Forecast, 2013-2027
           5.3.1.1 Revenue (US$ Mn) & Volume (000’ Kg) Comparison, By Region
           5.3.1.2 Market Share Comparison, By Region
           5.3.1.3 Y-o-Y growth Comparison, By Region
    5.3.2 Natural Market Size and Forecast, 2013-2027
           5.3.2.1 Revenue (US$ Mn) & Volume (000’ Kg) Comparison, By Region
           5.3.2.2 Market Share Comparison, By Region
           5.3.2.3 Y-o-Y growth Comparison, By Region

Chapter 6 North America Carotenoids Market Size and Forecast, 2013-2027
6.1 Revenue (US$ Mn) & Volume (000’ Kg) Comparison, By Country
6.2 Revenue (US$ Mn) & Volume (000’ Kg) Comparison, By Type
6.3 Revenue (US$ Mn) & Volume (000’ Kg) Comparison, By Application
6.4 Revenue (US$ Mn) & Volume (000’ Kg) Comparison, By Source

Chapter 7 Latin America Carotenoids Market Size and Forecast, 2013-2027
7.1 Revenue (US$ Mn) & Volume (000’ Kg) Comparison, By Country
7.2 Revenue (US$ Mn) & Volume (000’ Kg) Comparison, By Type
7.3 Revenue (US$ Mn) & Volume (000’ Kg) Comparison, By Application
7.4 Revenue (US$ Mn) & Volume (000’ Kg) Comparison, By Source

Chapter 8 Europe Carotenoids Market Size and Forecast, 2013-2027
8.1 Revenue (US$ Mn) & Volume (000’ Kg) Comparison, By Country
8.2 Revenue (US$ Mn) & Volume (000’ Kg) Comparison, By Type
8.3 Revenue (US$ Mn) & Volume (000’ Kg) Comparison, By Application
8.4 Revenue (US$ Mn) & Volume (000’ Kg) Comparison, By Source

Chapter 9 Japan Carotenoids Market Size and Forecast, 2013-2027
9.1 Revenue (US$ Mn) & Volume (000’ Kg) Comparison, By Country
9.2 Revenue (US$ Mn) & Volume (000’ Kg) Comparison, By Type
9.3 Revenue (US$ Mn) & Volume (000’ Kg) Comparison, By Application
9.4 Revenue (US$ Mn) & Volume (000’ Kg) Comparison, By Source

Chapter 10 APEJ Carotenoids Market Size and Forecast, 2013-2027
10.1 Revenue (US$ Mn) & Volume (000’ Kg) Comparison, By Country
10.2 Revenue (US$ Mn) & Volume (000’ Kg) Comparison, By Type
10.3 Revenue (US$ Mn) & Volume (000’ Kg) Comparison, By Application
10.4 Revenue (US$ Mn) & Volume (000’ Kg) Comparison, By Source

Chapter 11 MEA Carotenoids Market Size and Forecast, 2013-2027
11.1 Revenue (US$ Mn) & Volume (000’ Kg) Comparison, By Country
11.2 Revenue (US$ Mn) & Volume (000’ Kg) Comparison, By Type
11.3 Revenue (US$ Mn) & Volume (000’ Kg) Comparison, By Application
11.4 Revenue (US$ Mn) & Volume (000’ Kg) Comparison, By Source

Chapter 12 Company Profiles
12.1 Global Carotenoids Market- A Dashboard View
12.2 Global Carotenoids Market Structure
12.3 Global Target Market Company Share Analysis
12.4 Carotenoids Market: Company Profiles
    12.4.1 BASF SE
    12.4.2 Chr. Hansen Holding A/S
    12.4.3 Archer Daniels Midland Company
    12.4.4 Naturex SA
    12.4.5 Sensient Technologies Corporation
    12.4.6 Koninklijke DSM N.V.
    12.4.7 Cyanotech Corporation
    12.4.8 Adama Agricultural Solutions Ltd.
    12.4.9 DDW The Color House
    12.4.10 FMC Corporation

Chapter 13 Disclaimer

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Carotenoids Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2027