Carotenoids are organic pigments that are found in numerous plants and organisms. These pigments play a vital role in plant health. Individuals who eat foods containing carotenoids get protective health advantages also. These merchandise act as antioxidants and defend the body against chronic diseases, cellular injury, and also the effects of aging. Increasing usage of this product in dietary supplements on account of growing health problems can drive market demand. Carotenoids are commercially obtainable in many forms together with beta-carotene, lutein, lycopene, astaxanthin, zeaxanthin, annatto, and canthaxanthin. These productions observe substantial consumption in human food, animal feed, dietary supplements, pharmaceuticals, and cosmetics as they provide outstanding health advantages.
According to the study,’ World Natural Carotenoids Market Research Report 2024 (Covering USA, Europe, China, Japan, India and etc)’ the key industry players include DSM, Amicogen, Allied Biotech, PoliNat, Chenguang Biotech, Yigeda Bio-Technology, Oryza Oil & Fat Chemical, Kemin, Nutraceuticals, FMC, DDW, Tian Yin, Dohler, Excelvite, Carotech, Cyanotech, AnHui Wisdom and Fuji. These players are focusing on product innovation and partnerships as prime strategies for increasing their presence in the global market. The market is further segmented on the basis of product and application as follows: By product into Astaxanthin, Beta-Carotene, Fucoxanthin, Lutein, Canthaxanthin and Lycopene. By Application into Food, Feed, Pharmaceuticals and Cosmetics. The pick-up curiosity of the buyer raises as brands affirm the employment of natural colors, as costumers are ordering greater transparency in their food and beverage. Consumers look on positive image about the brand when the label claims fruit and vegetable juices and concentrates as colorings listed on the ingredient declaration which is driving the market across the world.
Carotenoids are employed in animal nutrition products because of their coloring properties and are incorporated in feed to pigment the egg yolks, broiler skin, fishes, and crustaceans. These additionally facilitates in increasing the immunity and rising the health of livestock by enhancing the standard of nutrition. The fertility of bovine, swine, and horses may be improved by feeding beta-carotene, while astaxanthin and canthaxanthin help in rising the expansion of salmons and larval fishes.
On the basis of geographical distribution, the world natural carotenoids market is segmented in to key regions such as USA, Europe, Japan, China, India and South East Asia. North America and Europe are expected to be largest carotenoid market, because of the rising demand for clean label foods and health awareness. Asia Pacific is expected to witness the growth in the market. as an increasing number of consumers are adopting preventive measures in the form of health supplements to prevent diseases. Changes in lifestyle and food consumption among costumers have also led to the expansion of the carotenoid market in the Asia-Pacific region.
Furthermore, the market is driven by strong R&D investment and new product developments. This has prompted research towards microbial generation as a means of obtaining a better yield. Growth of production facilities and product innovations are spicing up overall industry expansion. Dietary supplements are expected to witness significant gains owing to rising health consciousness and changing lifestyles of the consumers. Additionally, carotenoids are key additives used in human health supplements on account of their benefits which include immunity enhancement and richness in vitamins, therefore it will promote demand over the forecast amount.
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Ankur Gupta, Head Marketing & Communications