Jul 13,2022 | Food
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.
Carotenoids give the characteristic colour to carrots, corn, canaries, and daffodils, as well as egg yolks, rutabagas, buttercups, and bananas. Carotenoids can be produced from fats and other basic organic metabolic building blocks by all these organisms. There are over 600 known carotenoids, mainly included Beta -carotene, Lutein, lycopene, astaxanthin, canthaxanthin, lutein, carmine, capsaicin, fucoidin, etc.
The market research report offered by Bharatbook, covers the Carotenoids industry statistics including current Carotenoids Market size, Carotenoids Market Share, and Growth Rates (CAGR) by segments and sub-segments at global, regional, and country levels, with an annual forecast till 2027. The study provides a clear insight into market penetration by different types, applications, and sales channels of Carotenoids with corresponding future potential, validated by real-time industry experts. Further, Carotenoids market share by key metrics such as manufacturing methods/technology and raw material can be included as part of customization. This enables the client to identify the most potential segment from their growth rates along with corresponding drivers and restraints.
The revenue for the Global Market for Carotenoids Market is expected to grow at a healthy CAGR propelled by staggering demand from millennial and emerging markets. Technological advances in the Carotenoids market enabling efficient production, expanding product portfolio, sophisticated design and packaging, effective operational maintenance, and sales monitoring are key growth drivers. It also includes details on Annatto, Astaxanthin, Beta-carotene, Beta-apo-8-carotenal, Beta-apo-8-carotenal-ester, Canthaxanthin, Capsanthin and paprika extract, Lutein, Lycopene and Zeaxanthin, and coverage of their production process, regulatory framework, and applications.
Producers and users of carotenoids need an up-to-date analysis of the current situation and a well-documented forecast for future trends in the industry as the basis for their strategic and business planning. The report may also help players in other ingredient markets that are considering diversifying to determine whether carotenoids would be a good fit.
For more details on the market, please refer to The Global Market for Carotenoids Market.