Press Release

Carotenoids Market 2019 Industry Analysis, Growth Status, Revenue to 2026 | Fortune Business Insights

“Increasing prevalence of diseases such as eye disorders, diabetes, among others is compelling food producers and manufacturers to incorporate natural ingredients such as carotenoids in their functional foods and dietary supplements,” stated a lead analyst at Fortune Business Insights. “The usage of carotenoids-infused products is increasing as they act as antioxidants and helps the body to fight against such chronic diseases,” he added. This will eventually fuel the carotenoids market demand in the forecast horizon. Owing to their anti-oxidant properties, carotenes play a crucial role in geriatric nutrition space, thus spurring the carotenoids market share in the aforementioned sector.

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An increasing number of health issues and rising demand for natural and healthy food together with supplement consumption is likely to favor growth in the market. Carotenoids, also referred to as tetraterpenoids are organic pigments produced by fungi, bacteria, plants, and algae. Food items such as daffodils, carrots, canaries, corn, egg yolks, buttercups, and others obtain the characteristic color due to carotenoids.

As per the Oregon State University, there are over 600 types of carotenoids. Majority of them are used in the western diet and the most studied among them are alpha-carotene, beta-cryptoxanthin, beta-carotene, lutein, lycopene, and zeaxanthin. Research studies have found that diets which are rich in carotenoids can reduce the risk of cancer, cardiovascular diseases, and other chronic diseases. Considering this, the global carotenoids market growth is expected to spur in the forthcoming years.

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Some of the Main Key Players Covered in the Report

  • Allied Biotech Corporation
  • Algatechologies
  • Hansen Holding A/S
  • Cyanotech Corporation
  • DDW The Color House
  • ExcelVite Sdn. Bhd.
  • Fuji Chemical Industries Co., Ltd.
  • Kemin Industries, Inc.
  • Koninklijke DSM N.V.
  • LycoRed
  • Novus International Inc.
  • Sensient Technologies
  • Synthite Industries Ltd.

Rising Demand for Animal Feed Products to Contribute towards the Market Growth

Carotenoids are used in several applications which include food and beverages, personal care and cosmetics, animal feed, pharmaceuticals, and dietary supplements. Of these, animal feed products extensively use carotenoids for coloring properties in shrimp, poultry, and fish. Carotenoids are externally incorporated in the feed of fish, broiler skin, and egg yolks pigment to boost the overall animal health.

As per the report, animal feed covered a share of 46.07% in 2018 and is expected to lead the market through the forecast years. Carotenoids are used in the food and beverage sector too owing to the rising demand for natural and organic food offerings. The rising usage of carotenoids in food and beverages is likely to stimulate the carotenoids market size.  Increasing research and development (R&D) activities for developing natural and organic carotenoids is projected to enable growth in the market.

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About the author

Thomas Fultz

Thomas handles the column depicting food products. He has worked as a product manager before and knows his words very well. His writing flows like water with the ease of reading; his way of writing is effortless and straightforward. In his free times, he loves to talk a walk in the lawn to refresh his mind. He has recently completed 5 years in our organization.

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