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Global Carotenoids Market and it is anticipated to reach at market value of US$ 2.8 Bn by 2027

Bizizz Market Research has recently published a research report, “Carotenoids Market By Product Type (Zeaxanthin, Astaxanthin, Canthaxanthin, Beta-carotene, Lycopene and Lutein), Formualtion (Oil suspension, Emulsion, Beadlet and Powder), Application (Feed, Pharmaceuticals, Food & beverages, Cosmetics and Dietary supplements), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.

As per the report, Global Carotenoids Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 2.8 Bn by 2027, witnessing a CAGR of 3.4 % during the forecast period. Key drivers of the market are increased demand of organically processed food along with increasing geriatric population.

The Carotenoids are the natural pigments that has a wide usage in the food and beverages along with the pharmaceutical products has propelled its market growth. These are substantially utilized as the food supplements by the customers globally that is boosting its market growth. Increased awareness about the toxic impact of synthetic products is substantiating the demand of these offerings in the market.

The Carotenoids market is anticipated to register a CAGR of over 3.4% during the forecast period.

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By Product Lutein segment held a prominent share in Global Carotenoids Market in 2018.

The Lutein segment dominates the carotenoids market demand globally. The utilization of Lutein is basically found in the animal and human nutritional products in order to cater the demand for nutritional products to the customers. The usage of Lutein is also found prominent in the eye related challenges of the humans that could be cataract and macular degeneration.  

By Application, Feed Segment of Global Carotenoids Market Is Anticipated To Witness the Fastest CAGR during the Forecast Period

The contribution of the carotenoids is especially found in the feed segment that is projected as the fastest growing in the market. Moreover, there are substantial amount of carotenoids usage in the feed products propelling its market demand.

Europe is anticipated to dominate the Global Carotenoids Market during the Forecast Period

The market of carotenoids is dominant in the European region by the existence of the prominent players available in this region. It is also being utilized for the treatment of cancer and other known diseases and rising ageing population in this region is demanding for a healthy nutritional consumption that would support the growth of its market demand.

Global Carotenoids market was highly fragmented among the number of local and global players. The companies are involved in different strategic moves that could stimulate the growth of carotenoids in the global market.

Prominent players operating in the Global Carotenoids Market are: Deinove SAS, Koninklijke DSM, Vidya Europe SAS, Divi’s Laboratories , Chr. Hansen, Dynadis SARL, Kemin Industries, Zhejiang NHU Co. Ltd, Lycored Limited, Allied Biotech Corporation , AlgaTechnologies Ltd., Cyanotech Corporation, Excelvite Sdn. Bhd., BASF, Farbest Brands, Novus International, E.I.D Parry, DDW The Color House, Fuji Chemical Industry Co Ltd., and Dohler Group, among others.

Impact of COVID-19 on Economy, Industry and Company 

The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.

At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.

Areas at which Bizizz Market Research would help decision makers are:

a) Insights on current demand & supply gap analysis

b) Impact on value chain and supply chain and strategies adopted to off set its impact           

c) Impact on Industry / company revenue and predictive intelligence on forecast sales

d) In-depth analysis on market segmentation – both value and volume analysis

e) Market assessment, regional and country attractiveness, competitive benchmarking                         
    and entry strategy

f) Prioritizing strategies and how it would impact company’s short to long-term business

About Bizizz Market Research:

Bizizz Market Research (BMR) is an unique market research, consulting, and business solution organization that offers best strategic and tactical support to customers to enhance their business decision process. BMR team is full of impassioned & dedicated experts who thrives to give their very best to their clients and always ready to take any challenge.

Our expanding team of professionals & experts from a wide array of streams and vertical has critical problem solving skills, innovative approaches and research techniques to deliver best solution to our clients. We continuously pushing our capabilities to enhance our services and setting higher quality goals each day. BMR offers syndicated reports, custom reports and consulting services to our clients. We are capable of catering the market research demands of individuals and organizations of various industries across different geographies with utmost data accuracy in minimal turnaround time.

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