Lucintel Forecasts Carotenoid Market To Grow At A Cagr Of 4%-5%

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According to the recent study the carotenoid market is projected to grow at a CAGR of 4%-5% from 2020 to 2025. Growth in this market is primarily driven by increasing demand for healthy & natural food along with supplement consumption and growing usage of carotenoid in preventive healthcare.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in carotenoid market by application (food, supplement, feed, pharmaceutical, and cosmetic), product (beta-carotene, lutein, lycopene, astaxanthin, zeaxanthin, canthaxanthin, and others), source (natural and synthetic), and region (North America, Europe, Asia Pacific, and Rest of the World).
Download sample report and view detailed Table of Content by clicking on below link – https://www.lucintel.com/carotenoid-market.aspx
“Beta-carotene market is expected to remain the largest segment during the forecast period.”
Based on product, the carotenoid market is segmented into beta-carotene, lutein, lycopene, astaxanthin, zeaxanthin, canthaxanthin, and others. Lucintel forecasts that the beta-carotene ...
... is expected to witness the largest segment over the forecast period due to its usage as a colorant, antioxidant, and act as a rich source of vitamin A in food, feed, dietary supplements, cosmetics, and medicines.
“Within the carotenoid market, the feed segment is expected to remain the largest application.”
Based on application, the feed segment is expected to witness the largest application over the forecast period due to increasing demand from animal feed industry.
“Europe will dominate the carotenoid market in near future.”
Europe is expected to be the largest region over the forecast period due to rising demand for health supplements and animal feed in the region.
Download Brochure of this report by clicking on https://www.lucintel.com/carotenoid-market.aspx
Major players of carotenoid market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. BASF SE, Allied Biotech, Kemin Industries, Brenntag, ExcelVite Sdn. Bhd., Cyanotech Corp., Chr. Hansen, D.D. Williamson, DSM Nutritional Products, and Divis Laboratories are among the major carotenoid providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/carotenoid-market.aspx or helpdesk@lucintel.com
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At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com

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Brandon Fitzgerald
Lucintel
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