Global Carotenoids Market reached up to 1.27 Billion by 2019, increasing with a CAGR of 7.63 % From 2020 to 2026.
The Global Carotenoids Market was at USD 1.27 Million in 2019 and now is expected to go further USD 1.91 Billion. This is expected by 2026, with a CAGR of 4.7% for the projected time-frame. Carotenoids are organically occurring pigments that are present in organisms such as algae, plants, and even in photosynthetic bacteria; these pigments are present in bright yellow, red, and orange colour. Carotenoids are beneficial on consumption and impart antioxidant properties. Foods naturally rich in carotenoids are alpha-carotene, annatto, canthaxanthin, beta carotene, lutein, lycopene, astaxanthin, zeaxanthin, etc. Carotenoids are what give the vivid yellow-orange coloring to things like carrots, egg yolk, corn, and daffodils.
“ Carotenoids as Anti-oxidants and Health Supplements”
The adoption of health supplements, superfoods, and anti-oxidants consumption is rapidly growing. Additionally, carotenoids improve cardiovascular health as their consumption lowers inflammations in the human body. Carotenoids are beneficial antioxidants that can protect you from disease and enhance your immune system. Antioxidants protect cells from free radicals, or substances that destroy or damage cell membranes. Increasing carotenoids via your diet can increase the amount of antioxidants and protective cells in your body. This is significant when battling cancer and may be able to prevent cancer growth.
While carotenoids are available in vitamin A supplements, consuming them naturally enhances their antioxidant effects. In addition, supplements can be dangerous if they contain high levels of vitamin A, which can be toxic if you take too much. Carotenoids may also help improve early atherosclerosis that hasn’t yet progressed to full-on cardiovascular disease. Many studies have shown that carotenoids help protect against the development of skin cancer and pre-skin cancers.
“Elevation in Demand for Organic Colouring Alternatives to shift towards Carotenoid pigments”
Populations are leading towards sustainable, organic and Au Naturel approach, the traction towards organic dying has increased in recent years. Carotenoids such as beta-carotene in carrots and lycopene in tomatoes, helps in the manufacturing of a range of tints. It has increased mindfulness and use of natural occurring tones from sources. Tomato and carrot, eventually motivating the carotenoid market, globally and propelling the growth even more.
Eating carotenoid-rich foods can protect the healthy cells in the eye and prevent the growth of cancerous cells. Carotenoids are antioxidants, lowering inflammation in the body. Antioxidants protect cells from free radicals, or substances that destroy or damage cell membranes. Increasing carotenoids via your diet can increase the amount of antioxidants and protective cells in your body. This is significant when battling cancer and may be able to prevent cancer growth. The most common dietary carotenoids include alpha-carotene, beta-carotene, beta-cryptoxanthin, lutein.
“North America and the Asia Pacific and China to grow Substantially in the forecast period”
Europe and North America have the prime attraction for the carotenoid market, it is credited to the towering demand for fresh label foods, and organically produced groceries all being motivated from the rising health awareness. However, in the United Kingdom, growing food security worries are forcing manufacturers to accept clean labels, that is activating the request for natural colours amongst the relevant region. Also, the Asia-Pacific is a developing market, with an increasing population that is taking preventive procedures in the form of health additions to avoid free-radicles that cause cancer and diseases/disorders like cardiovascular, high cholesterol & high BP, etc. Moreover, the changes in lifestyle and food intake amid customers have also managed to develop a growth increase in the carotenoid market for the region. An elevation in the medicinal and energy industries, for the South America region, has also shown significant growth.
The Significant players for the Global Carotenoids Market are Chr. Hansen, Koninklijke DSM, Kemin Industrie, BASF, Lycored Limited , Fuji Chemical Industry Co Ltd., Cyanotech Corporation, DDW The Color House, Dohler Group, Novus International, E.I.D Parry, Farbest Brands, Excelvite Sdn. Bhd., AlgaTechnologies Ltd., Allied Biotech Corporation, Zhejiang NHU Co. Ltd, Dynadis SARL, Deinove SAS, Vidya Europe SAS, and Divi’s Laboratories, and other players.
The in-depth analysis of the report provides the growth potential, upcoming trends, and statistics of the Global Carotenoids Market size & forecast. The report promises to provide state-of-the-art technology of the Global Carotenoids Market. This help decision-makers to make sound strategic decisions. Furthermore, the report also analyzes the market drivers, challenges, and competitive analysis of the market.
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