$2+ Billion Carotenoids Market by Type, Application, Source, Formulation and Region - Global Forecast to 2026 - ResearchAndMarkets.com
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Wednesday, February 19, 2020
The "Carotenoids Market by Type (Astaxanthin, Beta-Carotene, Lutein, Lycopene, Canthaxanthin, and Zeaxanthin), Application (Feed, Food & Beverages, Dietary Supplements, Cosmetics, and Pharmaceuticals), Source, Formulation, and Region - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
Key Points:
- The "Carotenoids Market by Type (Astaxanthin, Beta-Carotene, Lutein, Lycopene, Canthaxanthin, and Zeaxanthin), Application (Feed, Food & Beverages, Dietary Supplements, Cosmetics, and Pharmaceuticals), Source, Formulation, and Region - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
- The global carotenoids market size is projected to grow from USD 1.5 billion in 2019 to USD 2.0 billion by 2026, in terms of value, recording a compound annual growth rate (CAGR) of 4.2% during the forecast period.
- Key factors encouraging the growth of the carotenoids market include the increasing demand in the pharmaceutical industry, particularly for naturally sourced carotenoids, and opportunities to expand in the high-growth potential markets.
- The feed segment is projected to dominate the carotenoids market, on the basis of application, in terms of value.