(Food-Beverage-News.Com, September 16, 2017 ) According to the report “Europe Carotenoids Market by Source (Synthetic and Natural), by Type (Astaxanthin, Beta-Carotene, Canthaxanthin, Lutein, Lycopene, and Zeaxanthin), by Application (Supplements, Feed, Cosmetics, and Food), and by Region - Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)” published by Market Data Forecast, the Europe Carotenoids Market is expected to grow at a CAGR of 3.85% and reach USD 0.56 billion in 2021 from USD 0.46 billion in 2016.
The Europe Carotenoids market is expected to show evident potential in the forecasting period. The market continues to build up momentum with rise in the demand for naturally occurring catenoids in the market.
Carotenoids are class of plant pigments responsible for the bright orange, red, and yellow hues in various fruits and vegetables. These are also important for maintenance of a plant’s health as well as human health on consumption of these vegetables and fruits. They assist plants in the process of photosynthesis by helping them in absorbing light energy and thus are the reason behind the colour of plants or the fruits & vegetables. They also act as antioxidants in human body as well as plants.
The increase in the demand for natural colorants has been responsible for the growth of the market of carotenoids in the recent years. Other important factors driving the market growth industrialization in sectors like pork, include expanding end user applications, poultry and aquaculture, preventive nutraceuticals & healthcare. The market has also been facing some restraints and challenges. These include lack of R&D in remote regions, harmful effects of high dose of carotenoids, and stringent government approval norms and regulations. These factors have been responsible for holding the market back from reaching its actual potential, and are thus required to be dealt with.
The Europe Carotenoids market is divided based on type, application and source. The segmentation on the basis of type is done into Astaxanthin, Canthaxanthin, Beta-Carotene, Lycopene, Lutein, and Zeaxanthin. On the basis of application, the market is categorized into Feed, Cosmetics, Supplements, and Food. Further, based on the source the segmentation is done under Synthetic and Natural. On the basis of geography, the Europe market is analysed under various regions namely U.K, Germany, Spain, Italy and France.
Some of the major competitors in the Europe Carotenoids market are: • Royal DSM N.V. • Chr. Hansen A/S • BASF SE • FMC Corporation • Cyanotech Corporation • D.D. Williamson & Co., Inc. • Kemin Industries Inc. • Allied Biotech Corporation • Döhler Group • Excelvite SDN. BHD.
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