Bharat Book Bureau Provides the Trending Market Research Report on “Global Carotenoids Market, Forecast to 2023” under Food & Beverages category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.
Carotenoids are organic pigments that are produced by plants and algae, as well as several bacteria and fungi. Carotenoids can be produced from fats and other basic organic metabolic building blocks by all these organisms. The only animals known to produce carotenoids are aphids and spider mites, which acquired the ability and genes from fungi. Carotenoids from the diet are stored in the fatty tissues of animals, and exclusively carnivorous animals obtain the compounds from animal fat.
Scope of the Report:
– This report focuses on the Carotenoids in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
– Carotenoids downstream is wide; the major fields are food, feed, pharmaceuticals and cosmetics etc. In recent years, these industries have developed rapidly. Increasing demand for food is expected to drive the demand for the Carotenoids market. As regions such as North America, China, and Europe are food ingredient driven regions, the demand for Carotenoidss is high in these areas.
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Global market is expected to witness significant growth on account of rising applications, so in the next few years, Carotenoids production will show a trend of steady growth. In 2023 the production of Carotenoids will reach 3048MT, and the consumption increasing degree will be high. On product prices, it will be floating in the future.
The worldwide market for Carotenoids is expected to grow at a CAGR of roughly 0.7% over the next five years, will reach 1150 million US$ in 2023, from 1110 million US$ in 2017.
Market Segment by Manufacturers, this report covers
– Allied Biotech
– Chenguang Biotech
– Chr. Hansen
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