With 3% CAGR, Global Carotenoid Market Size To Surpass US$ 6...| MENAFN.COM

Sunday, 02 April 2023 12:16 GMT

With 3% CAGR, Global Carotenoid Market Size To Surpass US$ 6.3 Billion By The End Of 2033

(MENAFN- Ameliorate Digital Consultancy) Carotenoids are a group of pigments that are naturally found in various fruits and vegetables. They are known for their antioxidant properties and are believed to have numerous health benefits, including reducing the risk of chronic diseases such as cancer and cardiovascular disease. As consumers become increasingly health-conscious and seek out nutrient-rich foods, the demand for carotenoids is on the rise, leading to the growth of the carotenoid market.

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The growth of the carotenoid market can be attributed to several factors. Firstly, the increasing prevalence of chronic diseases such as cancer and cardiovascular disease has led consumers to seek out foods that can help reduce their risk. Carotenoids have been shown to have antioxidant properties that can help protect against oxidative damage, which is believed to be a contributing factor to the development of chronic diseases.

Secondly, the growing awareness about the health benefits of carotenoids has also contributed to the growth of the market. Carotenoids are believed to have numerous health benefits, including promoting eye health, boosting immune function, and reducing inflammation.

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Companies Covered in This Report – Carotenoid Market

      • Algatechnologies
      • Allied Biotech
      • AquaCarotene
      • BASF
      • Hansen
      • Cyanotech Corporation
      • DDW The Color House
      • Doehler Group
      • EID Parry
      • ExcelVite
      • Farbest Brands
      • FMC Corporation
      • Guangzhou Leader Bio-Technology
      • Kemin Industries
      • Royal DSM N.V.
      • Others

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Market Taxonomy : Carotenoid Market

      • Carotenoid Market By Region : North Americ , Latin America , Europe , Japan , APEJ , MEA
      • Carotenoid Market By Product Type : Beta-Carotene, Lutein, Astaxanthin, Canthaxanthin, Lycopene, Others
      • Carotenoid Market By Application : Food & Beverage Industry , Feed Industry , Dietary Supplements , Pharmaceutical products , Cosmetic & Personal care , Other Applications , Source, Synthetic , Natural

Demand in the food and beverage business is anticipated to stay high as long as there is a significant demand for functional food products. The food and beverage sector segment, which is predicted to develop at the fastest rate and reach a value of over US$ 2,400 Mn by the end of 2026, is the application-based market segment. However, during the anticipated period, the pharmaceutical products source sector is anticipated to develop at the quickest rate globally.

By the end of 2026, the synthetic carotenoids segment, based on source, is projected to earn considerable revenues, with a value of approximately US$ 4,700 Mn. On the other hand, over the projected period, the natural source sector is anticipated to record the greatest CAGR.

Related Reports:

      • fortified sugars market
      • avocados market
      • berries market

Related Sources:

      • soy milk market
      • coconut milk market
      • dried fruits market

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