Global $1.5 Bn Carotenoids Market to 2024

DUBLIN, Sept. 11, 2018 /PRNewswire/ --

The "Global Carotenoids Market - Products and Applications" report has been added to ResearchAndMarkets.com's offering.

Global demand for carotenoids by product is led by astaxanthin, estimated to account for about 32% in 2017, which is further projected to reach US$772 million by 2024. Carotenoids worldwide market is anticipated to touch US$1.5 billion in 2018.

Animal feed and food & beverage sectors are currently the largest markets for carotenoids globally. Carotenoids are used on a large scale in animal feeds, which is acting as the key growth driver of this market due to their high nutritive value and the pigmentation, which increases the palatability of the feed, in addition to enhancing the appearance of meat, meat products and fish.

Growing awareness among consumers about benefits of carotenoids, greater emphasis on a healthy lifestyle and rising incidences of various diseases across the globe is driving the demand for carotenoids in dietary supplements and cosmetic industries.

Research Findings & Coverage

• Global Carotenoids market is analyzed in this report with respect to key product types and major applications
• The study exclusively analyzes the market of each product type and applications of Carotenoids by a major geographic region/country
• Intake of High Dietary Carotenoids Reduces the Risk of Advanced AMD
• Lutein and Zeaxanthin Isomers Beneficial in Ameliorating Effects of Blue Light Exposure
• Alpha Carotene Plays Critical Role in Metabolic Health
• Carotenoids to Harvest Solar Energy by Absorbing Blue/Green Lights
• Key business trends focusing on product innovations/developments, M&As, JVs and other recent industry developments
• Major companies profiled - 55
• The industry guide includes the contact details for 306 companies

Key Topics Covered:

PART A: GLOBAL MARKET PERSPECTIVE

1. INTRODUCTION
1.1 Product Outline
1.1.1 Carotenoid Structure
1.1.2 Nomenclature
1.1.3 Physical and Chemical Properties
1.1.3.1 Size and Shape
1.1.3.2 Solubility
1.1.3.3 Light Absorption and Color
1.1.4 Functions of Carotenoids
1.1.5 Carotenoids Antioxidant Properties
1.1.6 Interaction with Other Antioxidants
1.1.7 Sources of Carotenoids
1.1.7.1 Synthetic Sources
1.1.7.2 Natural Sources
1.1.7.2.1 Microbial Sources of Carotenoids
1.1.8 Classification of Carotenoids
1.1.8.1 Carotenes
1.1.8.1.1 Types of Carotenes
1.1.8.1.1.1 Lycopene
1.1.8.1.1.2 ?eta-Carotene
1.1.8.1.1.3 Beta-Carotene
1.1.8.2 Xanthophylls
1.1.8.2.1 Types of Xanthophylls
1.1.8.2.1.1 Astaxanthin
1.1.8.2.1.2 Canthaxanthin
1.1.8.2.1.3 Capsanthin
1.1.8.2.1.4 Fucoxanthin
1.1.8.2.1.5 Lutein
1.1.8.2.1.6 Violaxanthin
1.1.8.2.1.7 Zeaxanthin
1.1.8.2.1.8 Beta-Cryptoxanthin
1.1.8.3 Apocarotenoids
1.1.8.3.1 Annatto

2. CAROTENOIDS APPLICATIONS - A MARKET SNAPSHOT
2.1 Food & Beverages
2.2 Cosmetics
2.3 Dietary Supplement
2.4 Animal Feed
2.5 Pharmaceuticals

3. KEY MARKET TRENDS
3.1 Intake of High Dietary Carotenoids Reduces the Risk of Advanced AMD
3.2 Protective Effect of Serum Carotenoid Concentrations on Diabetes Mellitus and Diabetes Retinopathy
3.3 Lutein and Zeaxanthin Isomers Beneficial In Ameliorating Effects of Blue Light Exposure
3.4 Dietary Carotenoids and Vitamin C Inversely Correlate To Risk of Lung Cancer
3.5 Alpha Carotene Plays Critical Role in Metabolic Health
3.6 The Effective Role of Beta-Cryptoxanthin in Obesity and Metabolic Syndrome
3.7 Extraction of Carotenoids from Microalgae and Seaweeds Using Innovative Technologies
3.8 Carotenoids to Harvest Solar Energy by Absorbing Blue/Green Lights

4. KEY GLOBAL PLAYERS

• Algatechnologies Ltd. (Israel)
• Allied Biotech Corporation (Taiwan)
• BASF SE (Germany)
• Beijing Gingko Group (BGG) (China)
• CHR. Hansen Holding A/S (Denmark)
• Cyanotech Corporation (United States)
• D.D. Williamson & Co., Inc. (United States)
• Divis Laboratories Limited (India)
• Doehler GmbH (Germany)
• E.I.D Parry (India) Ltd. (India)
• Fuji Chemical Industry Co., Ltd. (Astareal) (Japan)
• Guangzhou Leader Bio-Technology Co., Ltd. (China)
• Kemin Industries, Inc. (United States)
• Lycored Ltd. (Israel)
• Naturex SA (France)
• Novus International, Inc (United States)
• Royal DSM NV (The Netherlands)
• Zhejiang Medicine Co., Ltd. (China)
• Zhejiang NHU Co., Ltd. (China)

5. KEY BUSINESS AND PRODUCT TRENDS

• Nutrex Hawaii Receives USP Verified Mark for BioAstin Hawaiian Astaxanthin Products
• Israeli biotech startup, NextFerm Technologies, to commercialize Phaffia based Astaxanthin
• Chr. Hansen to Upgrade Main Colors Research Facility and Global Expertise Center
• Algatech Launches Fucovital, 3% Fucoxanthin Oleoresin Extracted From Microalgae
• BGG and SolixAlgredients Merged their Algae Ingredients Operations
• Algatechnologies Invests in New Zealand based Astaxanthin Producer Supreme Health
• AstaReal's Natural Astaxanthin for Sports Nutrition Market Exhibited at Vitafoods Europe 2018
• Algatech and Sphera Join Forces to Develop Innovative Functional Ingredient Formats
• Algalif Expands into Asia-Pacific Market and Introduces Astaxanthin Finished Products
• AlgaeHealth'sAstaZine Natural Astaxanthin Tested 100% Glyphosate-Free to Extreme Level of Detection
• Sensient Technologies to Acquire GlobeNatural's Natural Color Business
• Nutrex Hawaii's BioAstin Hawaiian Astaxanthin and MD Formulas Verified by IGEN
• DDW Launches EmulsiTech Cloudy Paprika for Orange Beverages
• Cardax and HECL Form ZanthoSyn Distribution Pact for China
• KnipBio Meal, Premium Aquafeed Ingredient Developed by KnipBio
• Non-GMO Accreditation for Algalif'sAstalf 5% and 10% Oleoresin Products
• Novus Launches COLORTEK Yellow, a Natural Pigment Technology
• NOW Foods Formed Astaxanthin Distribution Pact with AlgaeHealth
• Felcra and Algatech International Partner on Commercial Production of Algae
• Chr. Hansen Introduces New Line of Yellow And Orange Beverage Colors
• Algatech'sAstaPure Natural Astaxanthin Verified by the Non-GMO Project
• Two New US Patents Granted to Valensa
• Chr. Hansen Enters Into Distribution Agreement with Cornelius
• Lycored Launches Lycopene Lycopedia, a Digital Encyclopedia
• Algatechnologies Starts Marketing its AstaPure Astaxanthin in Brazil
• Cyanotech'sBioAstin SCE 5 and Vegan BioAstin Soft Gels are Now Halal Certified
• NHFPC Approval for ZeaONE Provides a New Opportunity for Vision Benefits
• Valensa International Awarded US Patent for EyePro MD Formula
• NIH Chose Cardax's Astaxanthin Compound for Anti-Aging Interventions Testing Program
• Subitec Builds New Astaxanthin Production Facility for Algamo
• MBD Energy to Complete the Construction of Australia's First Astaxanthin Plant
• US FDA Granted Approval for Parry Nutraceuticals' Indian Microalgae Facility
• Algatech'sAstaPure Natural Astaxanthin Received NOP Certification from the USDA Agricultural Marketing Service
• Algalif Receives EU Novel Food Certification for its Natural Astaxanthin
• Lycored&Algatechnologies Team Up To Launch Astaxanthin Beadlets
• California GOLD Nutrition Astaxanthin Supplement Caps with TruAzta Label now Available on iHerb
• Vegan and Vegetarian Certifications Granted for Heliae Astaxanthin Products
• Algalif Introduces its Astalif Astaxanthin at Vitafoods Europe 2017
• Launch of Algatechnologies' Whole-Algae AstaPure Natural Astaxanthin at Vitafoods 2017
• AstaReal, the First and Only Preferred Supplier of Natural Astaxanthin Recognized by NASC
• Algaetech Targets a Daily Sale of 500,000 Astaxanthin Eggs in the Next 24 Months
• Kemin Industries Opens New Manufacturing Unit in Russia for Feed Ingredients
• BASF Unveils Lucarotin 10 CWD/O Plus Orange Colorant
• Farbest Brands Collaborated WithColorMaker to Offer a Line Of 100% Natural Colors
• Both FDA GRAS and EU Novel Food Certifications for INNOBIO's Astaxanthin
• Food Safety Authority of Ireland Approved AstaZine Natural Astaxanthin as a Novel Food
• Heliae's Joint Venture, Alvita Starts Astaxanthin Operations in Japan
• New NDI Notification Submitted by AlgaeHealth for Use of AstaZine at a Daily Dose of Over 12mg
• NSF International Granted GMP Registration to AstaReal USA
• Mitsubishi Corporation Subsidiary MC Biotech Opens Astaxanthin Production Facility in Brunei
• Canadian Astaxanthin Producer, Regenurex Health Corporation's Astaxanthin is rebranded as Regenurex, replacing AstaVantage
• Cyanotech'sBioAstin SCE Products are Now Non-GMO Project Verified
• Astavita Develops a New Astaxanthin Formulation AstaMed MYO for Clinical Dietary Management of Sarcopenia
• Cardax Introduces ZanthoSyn Synthetic Astaxanthin Supplement
• Launch of Valensa's Flex Pro ES Chewables
• Algae Health Sciences, Inc is the New Name for BGG's Algae Subsidiary
• Kemin Receives US Blue Light Protection Patent for FloraGLO
• DDW Rolls Out Novel Natural Colorant Made From Purple Corn
• BGG received a Notice of Trademark Infringement from ArcticFarma
• Astarism for Skin Conditioning Introduced by Astavita
• DDW Introduces New Yellow and Orange Clear Liquid Emulsions
• SolixAlgredients Gets UL Registrar Certification for Solasta Astaxanthin
• Commercial Launch of Astatude Astaxanthin by Algaetech International
• Algaetech to Build its Second Astaxanthin Production Facility in Brunei
• BGG to Broaden its Product Offering in Mexico
• AstaReal Technologies Inc Merged into AstaReal Inc
• AlgaeHealth'sAstaZine Natural Astaxanthin gets FDA NDI Notification
• Fuji Chemical Receives Halal and Kosher Certifications
• AlgaeHealth's Astaxanthin Crop is Now Organic Certified
• ANVISA Approved Kemin'sZeaONE Zeaxanthin for Sale in Brazil
• AstaSuper Natural Astaxanthin Feed Product Launched by Fenchem
• Opening of BGG's Third Affiliate in Switzerland
• AstaReal Natural Astaxanthin is now Non-GMO Project Verified
• Frutarom and Algalo Industries Collaborate to Build a Modern Biotechnology Facility
• DDW Acquires KleurCraft Food Colorings Portfolio from SVZ International
• DSM And Kemin Introduces New Forms of Lutein and Zeaxanthin
• DSM Canthaxanthin Supplement Received GRAS by FDA

6. GLOBAL MARKET OVERVIEW
6.1 Global Carotenoids Market Overview by Product Type
6.1.1 Carotenoids Product Type Market Overview by Global Region
6.1.1.1 Astaxanthin
6.1.1.2 Canthaxanthin
6.1.1.3 Beta-Carotene
6.1.1.4 Lutein
6.1.1.5 Lycopene
6.1.1.6 Annatto
6.1.1.7 Other Carotenoids
6.2 Global Carotenoids Market Overview by Application
6.2.1 Carotenoids Application Market Overview by Global Region
6.2.1.1 Food & Beverages
6.2.1.2 Cosmetics
6.2.1.3 Dietary Supplements
6.2.1.4 Animal Feed
6.2.1.5 Pharmaceuticals

PART B: REGIONAL MARKET PERSPECTIVE

REGIONAL MARKET OVERVIEW

7. NORTH AMERICA

Major Market Players

• Algae Health Sciences, Inc. (United States)
• Algae to Omega Holdings Inc (United States)
• Astareal, Inc. (United States)
• Cyanotech Corporation (United States)
• D.D. Williamson & Co., Inc. (United States)
• Farbest Brands (United States)
• Garden State Bioenterprises LLC (GS BIOE) (United States)
• Heliae Development LLC (United States)
• Kemin Industries, Inc. (United States)
• Novus International, Inc (United States)
• Piveg, Inc. (United States)
• Regenurex Health Corporation (Formerly AlgaeCan Biotech) (Canada)
• Sensient Technologies Corporation (United States)
• Solix Algredients, Inc. (United States)
• Valensa International (U. S. Nutraceuticals LLC) (United States)

8. EUROPE

Major Market Players

• Algalif Iceland EHF (Iceland)
• Algamo Ltd. (Czech Republic)
• Astareal AB (Sweden)
• BASF SE (Germany)
• CHR. Hansen Holding A/S (Denmark)
• Doehler GmbH (Germany)
• Naturex SA (France)
• Royal DSM NV (The Netherlands)
  

9. ASIA-PACIFIC

Major Market Players

• Algaetech International Sdn Bhd (Malaysia)
• Allied Biotech Corporation (Taiwan)
• Alvita Corporation (Japan)
• Astamaz NZ Ltd (New Zealand)
• Beijing Gingko Group (BGG) (China)
• Biogenic Co., Ltd. (Japan)
• Divis Laboratories Limited (India)
• E.I.D Parry (India) Ltd. (India)
• Ennature Biopharma - India Glycols Limited (India)
• Excelvite Sdn. Bhd (Malaysia)
• Fenchem Biotek Ltd. (China)
• Fuji Chemical Industry Co., Ltd. (Astareal) (Japan)
• Guangzhou Leader Bio-Technology Co., Ltd. (China)
• Inner Mongolia Ever Brilliance Biotechnology Co., Ltd. (KEB) (China)
• Innobio Ltd (China)
• Jingzhou Natural Astaxanthin Inc. (China)
• JX Nippon Oil & Energy Corporation (Japan)
• Katra Phytochem Pvt Ltd (India)
• MBD Industries Limited (Australia)
• MC Biotech Sdn. Bhd. (Brunei)
• Shandong Wefirst Biotechnology Co., Ltd. (China)
• Supreme Health New Zealand Limited (New Zealand)
• Tianjin Norland Biotech Co., Ltd. (China)
• Yunnan Alphy Biotech Co., Ltd. (China)
• Zhejiang Medicine Co., Ltd. (China)
• Zhejiang NHU Co., Ltd. (China)
  

10. REST OF WORLD

Major Market Players

• Algatechnologies Ltd. (Israel)
• Alimtec SA (Chile)
• Andexs Biotechnology SRL (Peru)
• Atacama Bio Natural Products SA (Chile)
• Lycored Ltd. (Israel)
• NextFerm Technologies Ltd (Israel)

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