Carotenoids Market Forecast to 2024 Detailed in New Research Report

Research Reports

Jan 20, 2021

Market Overview

Growing health conscious population across the globe is driving the sales of carotenoids. Carotenoids are pigments in algae, plants and photosynthetic bacteria which produce colors such as bright yellow, red, and orange in plants, vegetables, and fruits. Moreover, they act as antioxidant in human body for which it is gaining incredible growth globally. Moreover, unlike other protein-rich foods, cooking and chopping carotenoid-rich foods assist in increasing the strength of the nutrients when they enter the bloodstream. Consumers are becoming aware of the beneficial properties of Carotenoids, driving the growth of the market. Rising consumers’ awareness supported by increasing health consciousness is uplifting the growth of this market.

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Competitive Analysis

Some of the leading players in the Global Covid-19 Analysis on Carotenoids Market are Allied Biotech Corporation (India), BASF (Germany), Kemin Industries (US), Koninklijke DSM (The Netherlands), AlgaTechnologies Ltd. (Israel), D.D. Williamson (US), and ExcelVite Sdn. Bhd. (Malaysia) among many others.

Industry Segments

Global Carotenoids Market has been divided into application, and region.

Based on Type: Alpha-Carotene, Beta-Carotene, Lutein, Lycopene, Astaxanthin, Zeaxanthin, Canthaxanthin and others

Regional Analysis

Among the regions, Europe will dominate the carotenoids market with the presence of major key players in the region. However, North America also holds substantial market and is projected to have continuous growth during the forecast period. Moreover, Asia Pacific is expected to witness the highest growth rate during the forecast period 2020-2024. Rising popularity of carotenoids owing to its widespread applications is supporting its market growth on the global level. Rising health awareness and increasing health concerns have been playing a key role in the carotenoid’s growth from the last few years.

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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

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