Global Carotenoids Market by Product (Astaxanthin, Capsanthin, Lutein, Beta-carotene, Lycopene, Others), Source (Natural, Synthetic), Formulation Type, Application, Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025

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Global Carotenoids market is expected to reach USD 3.59 Billion by 2025 at a CAGR of 5.5% during the forecast period from 2018-2025. The rising number of cases of eye diseases and cancer and consumers inclination over organic and natural food ingredients is propelling the growth of the market.

Market Overview:

Carotenoids are defined as a type of accessory pigment which is created by plants to help them absorb light energy and change it to chemical energy. There are two types of carotenoids, xanthophylls, and carotenes, which differ only in their oxygen content. They help plants absorb light energy so that they can use it in the process of photosynthesis. They also possess the antioxidant function of deactivating free radicals — single oxygen atoms that can damage cells by reacting with other molecules. According to the Physicians Committee for Responsible Medicine, they consist of tough cancer-fighting properties. When consumed by human beings, they are converted to vitamin A by the body which helps to make the better vision and normal growth and development. Carotenoids also have anti-inflammatory and immune system benefits. The growth of the carotenoid market is attributed to their increasing applications in pharmaceuticals, cosmetics, food, and animal feed.

Report Description:

  • The base year for the study has been considered 2017, the historic year 2015 and 2016 and, the forecast period considered is from 2018 to 2025. The carotenoids market is analyzed by value (USD Billion).
  • The study delivers a comprehensive analysis of the global carotenoids market by sources, product, application, formulation type, and regions.
  • The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2018 to 2025.
  • Porter’s Five Forces model is used to recognize the competitive scenario in the global carotenoids market. This report incorporates the formulation type analysis which is focused on providing an extensive view of the carotenoids market.
  • The study also includes attractiveness analysis of sources, product, application, formulation type, and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
  • The report provides company profile of the key players operating in the carotenoids market and a comparative analysis based on their business overviews, product offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
  • The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.

 

Market Dynamics: 

Drivers:

  • Increase in the number of cases of eye diseases and cancer
  • Consumers preference over organic and natural food ingredients
  • Consumption of high levels of blood carotenoids reduces cellular aging
  • Carotenoid supplements help to meet out Vitamin A deficiency

Restraints:

  • Lack of R&D activities in African and Middle-East Countries
  • High doses of carotenoids are injurious to health                                                                                                                                                         

Opportunities:

  • Awareness about the various applications of carotenoids
  • Advancements in vision technology and industrial expansion

Challenges:

  • Causes adulteration

Global Carotenoids Market Key Findings:

All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment.

Segmentation Analysis:

The Carotenoids market is segmented by Source, product, application, and formulation type.

  • The Source segment is classified into natural and synthetic. The synthetic segment is dominating the carotenoids market with USD 1.50 Billion in 2017. Synthetic source of carotenoids is the most prevalent type owing to low-cost natural source of carotenoids.
  • Product segment includes astaxanthin, capsanthin, lutein, beta-carotene, lycopene, and others.  Astaxanthin segment dominated the market and valued around in USD 0.60 Billion 2017. Astaxanthin, which was earlier used only for providing a rich pink color has recently gained due consideration in the dietary supplement for joint, skin, and eye health.
  • Formulation type segment is divided into segments such as oil suspensions, beadlets, powders, and emulsions. The beadlets segment is dominating the market with a share of 35.50% in 2017. Beadlet technology provides an excellent chance to add weak ingredients to supplements while protecting them from formulation stresses of mixing or tablet compression and to enhance shelf-life of the finished product.
  • The application segment animal feed, human food, dietary supplement, others. The animal feed segment held a market share of 33.20% in 2017. The animal feed is dominating the market because of various factors such as growing livestock population and the increasing demand for meat, meat products, and fish which are highly mobilizing the market for carotenoids in the feed segment.

Regional Segmentation Analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. Europe region dominated the global carotenoids market with USD 1.01 Billion in 2017 whereas the Asia-pacific region is growing substantially in the market.

  • The Europe region is growing in terms of share because of the top leading manufacturers present in the region. The European region follows stringent policies and regulations related to the use of synthetic carotenoids which drives the growth of the natural carotenoids market in the region.
  • Asia-pacific is growing rapidly because of increased consumer’s awareness in turn leading to adopt preventive measures in the form of health supplements to prevent diseases. Also, changes in lifestyle and better food habits among consumers have also led to the growth of the carotenoid market in the Asia-Pacific region

Global Carotenoids Market Competitive Analysis:

Key players in the Carotenoids market are Algatechnologies, Allied Biotech, AquaCarotene, BASF, Chr. Hansen, Cyanotech Corporation, DDW The Color House, Doehler Group, EID Parry, ExcelVite, Farbest Brands, FMC Corporation, Guangzhou Leader Bio-Technology, Kemin Industries, and Royal DSM N.V. For instance, KnipBio has developed SCP strain to produce astaxanthin for aquafeed. The company announced that it had developed a way to produce commercial amounts of its single-cell protein-based meal that also contains bio-astaxanthin.

This study forecasts revenue and volume growth at global, regional, and country levels from 2015 to 2025. Fior Market Research has segmented the global Carotenoids market on the basis of below mentioned segments:

Global Carotenoids Market, By Source:

  • Natural
  • Synthetic

Global Carotenoids Market, By Product:

  • Astaxanthin
  • Capsanthin
  • Lutein
  • Beta-carotene
  • Lycopene
  • Others

Global Carotenoids Market, By Application:

  • Animal Feed
  • Human Food
  • Dietary Supplement
  • Others

Global Carotenoids Market, By Formulations:

  • Oil Suspensions
  • Beadlets
  • Powders
  • Emulsions

Global Carotenoids Market, By Regions:

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Sweden
    • Netherlands
    • U.K.
    • Italy
    • Spain
    • Turkey
    • Switzerland
    • Belgium
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia
    • Singapore
    • Malaysia
    • Thailand
    • Indonesia
    • Philippines
    • Rest of Asia-Pacific
  • South America
    • Brazil
    • Argentina
    • Colombia
    • Rest of South America
  • The Middle East and Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • Nigeria
    • South Africa
    • Rest of The Middle East and Africa

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1. Introduction
   1.1. Objectives of the Study
   1.2. Market Definition
   1.3. Research Scope
   1.4. Currency

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
   4.1. Porter’s Five Forces Analysis
   4.2. Value Chain Analysis
   4.3. Top Investment Pockets
        4.3.1. Market attractiveness analysis by Source
        4.3.2. Market attractiveness analysis by Product
        4.3.3. Market attractiveness analysis by application
        4.3.4. Market attractiveness analysis by Formulations
        4.3.5. Market attractiveness analysis by region
   4.4. Industry Trends

5. Market Dynamics
   5.1. Market Evaluation
   5.2. Drivers
        5.2.1. Increase in number of cases of eye diseases and cancer
        5.2.2. Consumers preference over organic and natural food ingredients
        5.2.3. Consumption of high levels of blood carotenoids reduces cellular ageing
        5.2.4. Carotenoid supplements helps to meet out Vitamin A deficiency
   5.3. Restraints
        5.3.1. Lack of R&D activities in African and Middle-East Countries
        5.3.2. High doses of carotenoids is injurious to health
   5.4. Opportunities
        5.4.1. Awareness about the various applications of carotenoids
        5.4.2. Advancements in vision technology and industrial expansion
   5.5. Challenges
        5.5.1. Causes adulteration

6. Global Carotenoids Market Analysis and Forecast, By Source
   6.1. Segment Overview
   6.2. Natural
   6.3. Synthetic

7. Global Carotenoids Market Analysis and Forecast, By Product
   7.1. Segment Overview
   7.2. Astaxanthin
   7.3. Capsanthin
   7.4. Lutein
   7.5. Beta-carotene
   7.6. Lycopene
   7.7. Others

8. Global Carotenoids Market Analysis and Forecast, By Application
   8.1. Segment Overview
   8.2. Animal Feed
   8.3. Human Food
   8.4. Dietary Supplement
   8.5. Others

9. Global Carotenoids Market Analysis and Forecast, By Formulations
   9.1. Segment Overview
   9.2. Oil Suspensions
   9.3. Beadlets
   9.4. Powders
   9.5. Emulsions

10. Global Carotenoids Market Analysis and Forecast, By Regional Analysis
   10.1. Segment Overview
   10.2. North America
        10.2.1. U.S.
        10.2.2. Canada
        10.2.3. Mexico
   10.3. Europe
        10.3.1. Germany
        10.3.2. France
        10.3.3. Sweden
        10.3.4. Netherlands
        10.3.5. U.K.
        10.3.6. Italy
        10.3.7. Spain
        10.3.8. Turkey
        10.3.9. Switzerland
        10.3.10. Belgium
        10.3.11. Rest of Europe
   10.4. Asia-Pacific
        10.4.1. Japan
        10.4.2. China
        10.4.3. India
        10.4.4. South Korea
        10.4.5. Australia
        10.4.6. Singapore
        10.4.7. Malaysia
        10.4.8. Thailand
        10.4.9. Indonesia
        10.4.10. Philippines
        10.4.11. Rest of Asia-Pacific
   10.5. South America
        10.5.1. Brazil
        10.5.2. Argentina
        10.5.3. Colombia
        10.5.4. Rest of South America
   10.6. Middle East and Africa
        10.6.1. Saudi Arabia
        10.6.2. UAE
        10.6.3. Egypt
        10.6.4. Nigeria
        10.6.5. South Africa
        10.6.6. Rest of  Middle East and Africa

11. Global Carotenoids Market-Competitive Landscape
   11.1. Overview
   11.2. Market Share of Key Players in the Carotenoids Market
        11.2.1. Global Company Market Share
        11.2.2. North America Company Market Share
        11.2.3. Europe Company Market Share
        11.2.4. APAC Company Market Share
   11.3. Competitive Situations and Trends
        11.3.1. Product Launches and Developments
        11.3.2. Partnerships, Collaborations, and Agreements
        11.3.3. Mergers & Acquisitions
        11.3.4. Expansions

12. Company Profiles
   12.1. Algatechnologies
        12.1.1. Business Overview
        12.1.2. Company Snapshot
        12.1.3. Company Market Share Analysis
        12.1.4. Company Product Portfolio
        12.1.5. Recent Developments
        12.1.6. SWOT Analysis
   12.2. Allied Biotech
        12.2.1. Business Overview
        12.2.2. Company Snapshot
        12.2.3. Company Market Share Analysis
        12.2.4. Company Product Portfolio
        12.2.5. Recent Developments
        12.2.6. SWOT Analysis
   12.3. AquaCarotene
        12.3.1. Business Overview
        12.3.2. Company Snapshot
        12.3.3. Company Market Share Analysis
        12.3.4. Company Product Portfolio
        12.3.5. Recent Developments
        12.3.6. SWOT Analysis
   12.4. BASF
        12.4.1. Business Overview
        12.4.2. Company Snapshot
        12.4.3. Company Market Share Analysis
        12.4.4. Company Product Portfolio
        12.4.5. Recent Developments
        12.4.6. SWOT Analysis
   12.5. Chr. Hansen
        12.5.1. Business Overview
        12.5.2. Company Snapshot
        12.5.3. Company Market Share Analysis
        12.5.4. Company Product Portfolio
        12.5.5. Recent Developments
        12.5.6. SWOT Analysis
   12.6. Cyanotech Corporation
        12.6.1. Business Overview
        12.6.2. Company Snapshot
        12.6.3. Company Market Share Analysis
        12.6.4. Company Product Portfolio
        12.6.5. Recent Developments
        12.6.6. SWOT Analysis
   12.7. DDW The Color House
        12.7.1. Business Overview
        12.7.2. Company Snapshot
        12.7.3. Company Market Share Analysis
        12.7.4. Company Product Portfolio
        12.7.5. Recent Developments
        12.7.6. SWOT Analysis
   12.8. Doehler Group
        12.8.1. Business Overview
        12.8.2. Company Snapshot
        12.8.3. Company Market Share Analysis
        12.8.4. Company Product Portfolio
        12.8.5. Recent Developments
        12.8.6. SWOT Analysis
   12.9. EID Parry
        12.9.1. Business Overview
        12.9.2. Company Snapshot
        12.9.3. Company Market Share Analysis
        12.9.4. Company Product Portfolio
        12.9.5. Recent Developments
        12.9.6. SWOT Analysis
   12.10. ExcelVite
        12.10.1. Business Overview
        12.10.2. Company Snapshot
        12.10.3. Company Market Share Analysis
        12.10.4. Company Product Portfolio
        12.10.5. Recent Developments
        12.10.6. SWOT Analysis
   12.11. Farbest Brands
        12.11.1. Business Overview
        12.11.2. Company Snapshot
        12.11.3. Company Market Share Analysis
        12.11.4. Company Product Portfolio
        12.11.5. Recent Developments
        12.11.6. SWOT Analysis
   12.12. FMC Corporation
        12.12.1. Business Overview
        12.12.2. Company Snapshot
        12.12.3. Company Market Share Analysis
        12.12.4. Company Product Portfolio
        12.12.5. Recent Developments
        12.12.6. SWOT Analysis
   12.13. Guangzhou Leader Bio-Technology
        12.13.1. Business Overview
        12.13.2. Company Snapshot
        12.13.3. Company Market Share Analysis
        12.13.4. Company Product Portfolio
        12.13.5. Recent Developments
        12.13.6. SWOT Analysis
   12.14. Kemin Industries
        12.14.1. Business Overview
        12.14.2. Company Snapshot
        12.14.3. Company Market Share Analysis
        12.14.4. Company Product Portfolio
        12.14.5. Recent Developments
        12.14.6. SWOT Analysis
   12.15. Royal DSM N.V
        12.15.1. Business Overview
        12.15.2. Company Snapshot
        12.15.3. Company Market Share Analysis
        12.15.4. Company Product Portfolio
        12.15.5. Recent Developments
        12.15.6. SWOT Analysis


List of Table
1. Global Carotenoids Market, By Source, 2015–2025 (USD Billion)
2. Global Nature Carotenoids Market, By Region, 2015–2025 (USD Billion)
3. Global Synthetic Carotenoids Market, By Region, 2015–2025 (USD Billion)
4. Global Carotenoids Market, By Product, 2015–2025 (USD Billion)
5. Global Astaxanthin Carotenoids Market, BY Region, 2015–2025 (USD Billion)
6. Global Capsanthin Carotenoids Market, By Region, 2015–2025 (USD Billion)
7. Global Lutein Carotenoids Market, BY Region, 2015–2025 (USD Billion)
8. Global Beta-carotene Carotenoids Market, By Region, 2015–2025 (USD Billion)
9. Global Lycopene Carotenoids Market, BY Region, 2015–2025 (USD Billion)
10. Global Others Carotenoids Market, By Region, 2015–2025 (USD Billion)
11. Global Carotenoids Market, By Application, 2015–2025 (USD Billion)
12. Global Animal Feed Carotenoids Market, By Region, 2015–2025 (USD Billion)
13. Global Human Food Carotenoids Market, By Region, 2015–2025 (USD Billion)
14. Global Dietary Supplement Carotenoids Market, By Region, 2015–2025 (USD Billion)
15. Global Others Carotenoids Market, By Region, 2015–2025 (USD Billion)
16. Global Carotenoids Market, By Formulations, 2015–2025 (USD Billion)
17. Global Oil Suspensions Carotenoids Market, By Region, 2015–2025 (USD Billion)
18. Global Beadlets Carotenoids Market, By Region, 2015–2025 (USD Billion)
19. Global Powders Carotenoids Market, By Region, 2015–2025 (USD Billion)
20. Global Printing Carotenoids Market, By Region, 2015–2025 (USD Billion)
21. Global Emulsions Carotenoids Market, By Region, 2015–2025 (USD Billion)
22. Global Carotenoids Market, By Region, 2015–2025 (USD Billion) 
23. Global Carotenoids Market, By North America, 2015–2025 (USD Billion) 
24. North America Carotenoids Market, By Source, 2015–2025 (USD Billion) 
25. North America Carotenoids Market, By Product, 2015–2025 (USD Billion) 
26. North America Carotenoids Market, By Application, 2015–2025 (USD Billion) 
27. North America Carotenoids Market, By Formulations, 2015–2025 (USD Billion) 
28. U.S. Carotenoids Market, By Source, 2015–2025 (USD Billion) 
29. U.S. Carotenoids Market, By Product, 2015–2025 (USD Billion) 
30. U.S. Carotenoids Market, By Application, 2015–2025 (USD Billion) 
31. U.S. Carotenoids Market, By Formulations, 2015–2025 (USD Billion)
32. Canada Carotenoids Market, By Source, 2015–2025 (USD Billion) 
33. Canada Carotenoids Market, By Product, 2015–2025 (USD Billion) 
34. Canada Carotenoids Market, By Application, 2015–2025 (USD Billion) 
35. Canada Carotenoids Market, By Formulations, 2015–2025 (USD Billion)
36. Mexico Carotenoids Market, By Source, 2015–2025 (USD Billion) 
37. Mexico Carotenoids Market, By Product, 2015–2025 (USD Billion) 
38. Mexico Carotenoids Market, By Application, 2015–2025 (USD Billion) 
39. Mexico Carotenoids Market, By Formulations, 2015–2025 (USD Billion) 
40. Europe Carotenoids Market, By Source, 2015–2025 (USD Billion) 
41. Europe Carotenoids Market, By Product, 2015–2025 (USD Billion) 
42. Europe Carotenoids Market, By Application, 2015–2025 (USD Billion) 
43. Europe Carotenoids Market, By Formulations, 2015–2025 (USD Billion) 
44. Germany Carotenoids Market, By Source, 2015–2025 (USD Billion) 
45. Germany Carotenoids Market, By Product, 2015–2025 (USD Billion) 
46. Germany Carotenoids Market, By Application, 2015–2025 (USD Billion) 
47. Germany Carotenoids Market, By Formulations, 2015–2025 (USD Billion)
48. France Carotenoids Market, By Source, 2015–2025 (USD Billion) 
49. France Carotenoids Market, By Product, 2015–2025 (USD Billion) 
50. France Carotenoids Market, By Application, 2015–2025 (USD Billion) 
51. France Carotenoids Market, By Formulations, 2015–2025 (USD Billion) 
52. Sweden Carotenoids Market, By Source, 2015–2025 (USD Billion) 
53. Sweden Carotenoids Market, By Product, 2015–2025 (USD Billion) 
54. Sweden Carotenoids Market, By Application, 2015–2025 (USD Billion) 
55. Sweden Carotenoids Market, By Formulations, 2015–2025 (USD Billion)
56. Netherlands Carotenoids Market, By Source, 2015–2025 (USD Billion) 
57. Netherlands Carotenoids Market, By Product, 2015–2025 (USD Billion) 
58. Netherlands Carotenoids Market, By Application, 2015–2025 (USD Billion) 
59. Netherlands Carotenoids Market, By Formulations, 2015–2025 (USD Billion) 
60. U.K. Carotenoids Market, By Source, 2015–2025 (USD Billion) 
61. U.K. Carotenoids Market, By Product, 2015–2025 (USD Billion) 
62. U.K. Carotenoids Market, By Application, 2015–2025 (USD Billion) 
63. U.K. Carotenoids Market, By Formulations, 2015–2025 (USD Billion) 
64. Italy Carotenoids Market, By Source, 2015–2025 (USD Billion) 
65. Italy Carotenoids Market, By Product, 2015–2025 (USD Billion) 
66. Italy Carotenoids Market, By Application, 2015–2025 (USD Billion) 
67. Italy Carotenoids Market, By Formulations, 2015–2025 (USD Billion)
68. Spain Carotenoids Market, By Source, 2015–2025 (USD Billion) 
69. Spain Carotenoids Market, By Product, 2015–2025 (USD Billion) 
70. Spain Carotenoids Market, By Application, 2015–2025 (USD Billion) 
71. Spain Carotenoids Market, By Formulations, 2015–2025 (USD Billion) 
72. Turkey Carotenoids Market, By Source, 2015–2025 (USD Billion) 
73. Turkey Carotenoids Market, By Product, 2015–2025 (USD Billion) 
74. Turkey Carotenoids Market, By Application, 2015–2025 (USD Billion) 
75. Turkey Carotenoids Market, By Formulations, 2015–2025 (USD Billion)
76. Switzerland Carotenoids Market, By Source, 2015–2025 (USD Billion) 
77. Switzerland Carotenoids Market, By Product, 2015–2025 (USD Billion) 
78. Switzerland Carotenoids Market, By Application, 2015–2025 (USD Billion) 
79. Switzerland Carotenoids Market, By Formulations, 2015–2025 (USD Billion)
80. Belgium Carotenoids Market, By Source, 2015–2025 (USD Billion) 
81. Belgium Carotenoids Market, By Product, 2015–2025 (USD Billion) 
82. Belgium Carotenoids Market, By Application, 2015–2025 (USD Billion) 
83. Belgium Carotenoids Market, By Formulations, 2015–2025 (USD Billion)
84. Asia Pacific Carotenoids Market, By Source, 2015–2025 (USD Billion) 
85. Asia Pacific Carotenoids Market, By Product, 2015–2025 (USD Billion) 
86. Asia Pacific Carotenoids Market, By Application, 2015–2025 (USD Billion) 
87. Asia Pacific Carotenoids Market, By Formulations, 2015–2025 (USD Billion)
88. Japan Carotenoids Market, By Source, 2015–2025 (USD Billion) 
89. Japan Carotenoids Market, By Product, 2015–2025 (USD Billion) 
90. Japan Carotenoids Market, By Application, 2015–2025 (USD Billion) 
91. Japan Carotenoids Market, By Formulations, 2015–2025 (USD Billion) 
92. China Carotenoids Market, By Source, 2015–2025 (USD Billion) 
93. China Carotenoids Market, By Product, 2015–2025 (USD Billion) 
94. China Carotenoids Market, By Application, 2015–2025 (USD Billion) 
95. China Carotenoids Market, By Formulations, 2015–2025 (USD Billion)
96. India Carotenoids Market, By Source, 2015–2025 (USD Billion) 
97. India Carotenoids Market, By Product, 2015–2025 (USD Billion) 
98. India Carotenoids Market, By Application, 2015–2025 (USD Billion) 
99. India Carotenoids Market, By Formulations, 2015–2025 (USD Billion) 
100. South Korea Carotenoids Market, By Source, 2015–2025 (USD Billion) 
101. South Korea Carotenoids Market, By Product, 2015–2025 (USD Billion) 
102. South Korea Carotenoids Market, By Application, 2015–2025 (USD Billion) 
103. South Korea Carotenoids Market, By Formulations, 2015–2025 (USD Billion)
104. Australia Carotenoids Market, By Source, 2015–2025 (USD Billion) 
105. Australia Carotenoids Market, By Product, 2015–2025 (USD Billion) 
106. Australia Carotenoids Market, By Application, 2015–2025 (USD Billion) 
107. Australia Carotenoids Market, By Formulations, 2015–2025 (USD Billion) 
108. Singapore Carotenoids Market, By Source, 2015–2025 (USD Billion) 
109. Singapore Carotenoids Market, By Product, 2015–2025 (USD Billion) 
110. Singapore Carotenoids Market, By Application, 2015–2025 (USD Billion) 
111. Singapore Carotenoids Market, By Formulations, 2015–2025 (USD Billion) 
112. Malaysia Carotenoids Market, By Source, 2015–2025 (USD Billion) 
113. Malaysia Carotenoids Market, By Product, 2015–2025 (USD Billion) 
114. Malaysia Carotenoids Market, By Application, 2015–2025 (USD Billion) 
115. Malaysia Carotenoids Market, By Formulations, 2015–2025 (USD Billion) 
116. Thailand Carotenoids Market, By Source, 2015–2025 (USD Billion) 
117. Thailand Carotenoids Market, By Product, 2015–2025 (USD Billion) 
118. Thailand Carotenoids Market, By Application, 2015–2025 (USD Billion) 
119. Thailand Carotenoids Market, By Formulations, 2015–2025 (USD Billion) 
120. Indonesia Carotenoids Market, By Source, 2015–2025 (USD Billion) 
121. Indonesia Carotenoids Market, By Product, 2015–2025 (USD Billion) 
122. Indonesia Carotenoids Market, By Application, 2015–2025 (USD Billion) 
123. Indonesia Carotenoids Market, By Formulations, 2015–2025 (USD Billion) 
124. Philippines Carotenoids Market, By Source, 2015–2025 (USD Billion) 
125. Philippines Carotenoids Market, By Product, 2015–2025 (USD Billion) 
126. Philippines Carotenoids Market, By Application, 2015–2025 (USD Billion) 
127. Philippines Carotenoids Market, By Formulations, 2015–2025 (USD Billion) 
128. South America Carotenoids Market, By Source, 2015–2025 (USD Billion) 
129. South America Carotenoids Market, By Product, 2015–2025 (USD Billion) 
130. South America Carotenoids Market, By Application, 2015–2025 (USD Billion) 
131. South America Carotenoids Market, By Formulations, 2015–2025 (USD Billion) 
132. Brazil Carotenoids Market, By Source, 2015–2025 (USD Billion) 
133. Brazil Carotenoids Market, By Product, 2015–2025 (USD Billion) 
134. Brazil Carotenoids Market, By Application, 2015–2025 (USD Billion) 
135. Brazil Carotenoids Market, By Formulations, 2015–2025 (USD Billion) 
136. Argentina Carotenoids Market, By Source, 2015–2025 (USD Billion) 
137. Argentina Carotenoids Market, By Product, 2015–2025 (USD Billion) 
138. Argentina Carotenoids Market, By Application, 2015–2025 (USD Billion) 
139. Argentina Carotenoids Market, By Formulations, 2015–2025 (USD Billion) 
140. Colombia Carotenoids Market, By Source, 2015–2025 (USD Billion) 
141. Colombia Carotenoids Market, By Product, 2015–2025 (USD Billion) 
142. Colombia Carotenoids Market, By Application, 2015–2025 (USD Billion) 
143. Colombia Carotenoids Market, By Formulations, 2015–2025 (USD Billion) 
144. Middle East and Africa Carotenoids Market, By Source, 2015–2025 (USD Billion) 
145. Middle East and Africa Carotenoids Market, By Product, 2015–2025 (USD Billion) 
146. Middle East and Africa Carotenoids Market, By Application, 2015–2025 (USD Billion) 
147. Middle East and Africa Carotenoids Market, By Formulations, 2015–2025 (USD Billion) 
148. Saudi Arabia Carotenoids Market, By Source, 2015–2025 (USD Billion) 
149. Saudi Arabia Carotenoids Market, By Product, 2015–2025 (USD Billion) 
150. Saudi Arabia Carotenoids Market, By Application, 2015–2025 (USD Billion) 
151. Saudi Arabia Carotenoids Market, By Formulations, 2015–2025 (USD Billion)
152. UAE Carotenoids Market, By Source, 2015–2025 (USD Billion) 
153. UAE Carotenoids Market, By Product, 2015–2025 (USD Billion) 
154. UAE Carotenoids Market, By Application, 2015–2025 (USD Billion) 
155. UAE Carotenoids Market, By Formulations, 2015–2025 (USD Billion)
156. Egypt Carotenoids Market, By Source, 2015–2025 (USD Billion) 
157. Egypt Carotenoids Market, By Product, 2015–2025 (USD Billion) 
158. Egypt Carotenoids Market, By Application, 2015–2025 (USD Billion) 
159. Egypt Carotenoids Market, By Formulations, 2015–2025 (USD Billion) 
160. Nigeria Carotenoids Market, By Source, 2015–2025 (USD Billion) 
161. Nigeria Carotenoids Market, By Product, 2015–2025 (USD Billion) 
162. Nigeria Carotenoids Market, By Application, 2015–2025 (USD Billion) 
163. Nigeria Carotenoids Market, By Formulations, 2015–2025 (USD Billion) 
164. South Africa Carotenoids Market, By Source, 2015–2025 (USD Billion) 
165. South Africa Carotenoids Market, By Product, 2015–2025 (USD Billion) 
166. South Africa Carotenoids Market, By Application, 2015–2025 (USD Billion) 
167. South Africa Carotenoids Market, By Formulations, 2015–2025 (USD Billion)

List of Figures 
1. Global Carotenoids Market Segmentation
2. Carotenoids Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis 
7. Value Chain Analysis 
8. Global Carotenoids Market attractiveness analysis by Source
9. Global Carotenoids Market attractiveness analysis by Product
10. Global Carotenoids Market attractiveness analysis by Application
11. Global Carotenoids Market attractiveness analysis by Formulations
12. Global Carotenoids Market attractiveness analysis by Region
13. Global Carotenoids Market: Dynamics
14. Global Carotenoids Market Share by Source (2017 & 2025)
15. Global Carotenoids Market Share by Product (2017 & 2025)
16. Global Carotenoids Market Share by Application (2017 & 2025)
17. Global Carotenoids Market Share by Formulation (2017 & 2025)
18. Global Carotenoids Market Share by Regions (2017 & 2025)
19. Global Carotenoids Market Share by Company (2018)

Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

  • Market research helps businesses strengthen a company’s position
  • Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
  • Market research helps in identifying the potential threats and opportunities associated with the business industry
  • Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

  • Data Collection
  • Data Synthesis
  • Market Deduction & Formulation
  • Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

  • Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
  • Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends. 
  • Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information. 
    • We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:
      • Export & Import Data
      • Business Information related to trade and its statistics
      • Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.
  • In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
  • Examining demographic along with psychographic segmentation for market evaluation
  • Analyzing the macro and micro-economic indicators for each demography
  • Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

  • Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
  • Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology. 
    • Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.
    • The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

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