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Carotenoids Market Share

Report ID: GMI855
Published Date: Dec 2016
Report Format: PDF

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Carotenoids Market Share

The carotenoids industry is fragmented in nature due to the presence of international and regional players. Key industry players include

BASF
DSM
Chr. Hansen
FMC Corporation
Dohler Group
Lycored
Kemin Industries, Inc
Cyanotech Corporation

Other prominent players in the market include

Divis Laboratories
Allied Biotech Corporation
D.D. Williamson & Co., Inc
Naturex

New product development, R&D investment, mergers & acquisitions, portfolio expansion, and strategic collaborations are among the key strategies adopted by the industry participants for elevating their market share. For instance, in July 2011, DSM announced the acquisition of Vitatene SAU intending to expand its market share in the natural carotenoid segment.

Authors: Kunal Ahuja, Tushar Malkani

Frequently Asked Questions (FAQ) :

The global carotenoids market share reached a valuation of $200 million in 2015 and is expected to register more than 4% CAGR through 2024.

Beta carotene is anticipated to capture more than 25% share of the global carotenoids market by 2024 due to the growing demand for organic food colors from the food processing sector and its several benefits for eye, skin, and heart health.

Natural carotenoids may register a steady CAGR of more than 4.5% in the overall industry through 2024 as customers are increasingly demanding natural ingredients due to their abundant availability, fewer regulations, and low production cost.

The dietary supplement application is predicted to observe over 5% CAGR through 2024 as several customers are becoming health conscious and are increasing their consumption of low-calorie diets to lose weight.

Asia Pacific carotenoids market size is anticipated to register over 4.5% CAGR through 2024 due to the rising occurrence of chronic diseases and the growing awareness among people of the advantages of carotenoids.

Leading organizations, such as BASF, DSM, FMC Corporation, Hansen, Dohler Group, Cyanotech Corporation, and Kemin Industries, Inc, among many others, are favoring the global carotenoids industry trends.