Presentation is loading. Please wait.

Presentation is loading. Please wait.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Carotenoids Market Worth USD 300 Mn by 2024: Global Market Insights Inc.

Similar presentations


Presentation on theme: "© 2016 Global Market Insights, Inc. USA. All Rights Reserved Carotenoids Market Worth USD 300 Mn by 2024: Global Market Insights Inc."— Presentation transcript:

1 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Carotenoids Market Worth USD 300 Mn by 2024: Global Market Insights Inc.

2 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  Carotenoids market size was over USD 200 million in 2015, increasing with estimated gains at over 4%.  Rising application scope in dietary supplements and food & beverages industry due to its benefits associated with immune system and cardiovascular health will stimulate global market size growth. Offering antioxidation in the body by deactivating free radicals is among the key trending factors fueling product penetration in consumer diet.  Easy availability and comparatively less production cost makes the synthetic carotenoids market size a dominant industry segment. However, rising health consciousness pertaining to synthetic ingredients in food and personal care products will continue strengthening the drive for natural ingredients.  Animal feed applications accounted for over 30% of the global demand in 2015. Increasing palatability, high nutrient content, and animal sense organs enhancement has fueled product demand in this segment. Growing consumer demand for healthy appearance meat and standardized coloring in chicken, eggs, and salmons will foster industry growth. Key Insights from Carotenoids Market

3 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  Latin America, led by Argentina and Brazil carotenoid market will witness significant gains. LATAM accounted for over 4% of the global industry share in 2015. Income upliftment in middle class population, changing lifestyle, well-informed & more demanding consumers are driving products demand in Peru and Chile as well. Brazil is foreseen to be an attractive market in terms of raw material availability and strong supply chain network in the U.S.  Beta-carotene market size generated over USD 40 million in sales for 2015, and the product is foreseen to witness 4% growth. Maintaining eye & skin health, curing cardiovascular disease with addition to the product in diet will fuel product demand.  Global market is fragmented in nature and dominated by DSM and BASF holding about 50% of global capacity.  In terms of geographic presence other major companies include, Allied Biotech, Chr. Hansen, Brenntag, Carotech, Cyanotech, Divis Laboratories, Naturex SA, D.D. Williamson, and LycoRed. Continued...

4 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com U.S. Carotenoids Market size, by product, 2015 & 2024 (USD Million)

5 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Browse Full Market Research Report On Carotenoids Market @ https://goo.gl/KEKyfx https://goo.gl/KEKyfx Request for a Sample of this Research Report @ https://www.gminsights.com/request-sample/detail/855 https://www.gminsights.com https://www.gminsights.com/request- sample/detail/49

6 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Stay In Touch Website: www.gminsights.comwww.gminsights.com Social Media:


Download ppt "© 2016 Global Market Insights, Inc. USA. All Rights Reserved Carotenoids Market Worth USD 300 Mn by 2024: Global Market Insights Inc."

Similar presentations


Ads by Google