FOOD, NUTRITION AND ANIMAL FEED

U.S. to stimulate bionematicides market trends over 2016-2024

Posted on Updated on

Global bionematicides market is witnessing heavy demand due to rapid industrialization resulting in the depletion of fertile agricultural land. High level of crop infestation by nematodes in agricultural produce is boosting demand for eco-friendly bionematicides as it enhances the quantity and quality of crops. Also, strict government regulations against the use of chemical nematicides will further surge bionematicides industry growth.The worldwide population is expected to hit 9 billion mark by 2050, which presents a key challenge to meet the demand for food across the globe. This will generate a greater need for high yielding bio fertilizers, seed, crop management, and improved crop yielding, which will propel bionematicides market in farming application over the years to come. According to Global Market Insights, Inc., “Bionematicides Industry size is anticipated to grow at a CAGR of more than 4% over the period of 2016-2024.”

 

U.S. Bionematicides Market size, by crop type, 2013-2024 (USD thousand)

U.S. Bionematicides Market size, by crop type, 2013-2024 (USD thousand)

 

Based on the crops, bionematicides market is mainly segmented into soybean, corn, cotton, and fruits & vegetables. Corn industry will grow at an annual growth rate of more than 4.5% over the period of 2016 to 2024, owing to the growing demand of bionematicides to improve crop productivity and reduce plant diseases.  Fruits & vegetables crop collected a revenue of around USD 41 million in 2015, is projected to grow noticeably over the coming timeframe. The shifting trends towards the consumption of bio-based and organic fruits & vegetables will also favorably impact bionematicides market value.

Get a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/783

The cotton crop was worth more than USD 800 thousand in 2015 and is predicted to exhibit significant growth rate over the coming seven years. Bionematicides are prominently used to control the various nematodes such as sting, root knot, lance and cyst, which collectively reduced the crop revenue by USD 80 billion.

Taking into account the regional landscape, Asia Pacific bionematicides industry is predicted to register an annual growth rate of more than 4% over the coming period of 2016 to 2024, mainly driven by the increasing population as well as industrialization. Moreover, sustainability, demographic shifts, and rising environmental concerns will also be the attributing factors toward market growth. The government is supporting the farmers by providing subsidies and loans to promote sustainable farming. India, China, and Japan will contribute considerably towards the APAC bionematicides industry share.

North America bionematicides market will exhibit considerable growth rate over the coming seven years. U.S., having dominated the regional industry share by collecting worth USD 42 million in 2015, is expected to generate considerable revenue over the coming years. The primary attributing factor towards the market growth is the escalating usage of bio-pesticides as opposed to chemical pesticides. Additionally, shifting trends towards agricultural biotechnology like microbe-based pest control will enhance bionematicides industry share.

Market players are expected to invest heavily in the development activities over the coming years, and will adopt important growth strategies such as acquisitions and collaborations. Key industry participants in bionematicides market are Monsanto Company, Dow AgroSciences LLC., BASF SE, Bayer CropScience AG, and Syngenta AG. Other prominent market players include Marrone Bio Innovations, Inc., Valent BioSciences Corporation, Ecoman Biotech Co., Ltd., Certis USA LLC., and LAM International.

Author Name :Sunil Hebbalkar

Egg phosphatidylcholine market: Cosmetics & Pharmaceutical sectors to be the major growth drivers

Posted on Updated on

The outlook of global egg phosphatidylcholine market will spectate colossal growth prospects in the future, owing to the rising trend of healthy & nutritive food intake. Demand for egg PC is expected to rise with growing consumer awareness regarding the high nutritional value of the ingredient. Moreover, egg PC industry is booming as this ingredient serves as an anti-ageing supplement, boost brain power, and can increase neuroplasticity. According to Global Market Insights, Inc., “Egg Phosphatidylcholine Market is estimated to witness a CAGR of 5.5% over the period of 2016-2024.”

National Academy of Sciences in 1998, added choline as a nutrient source and recommend it for daily meal intake. The best source for high content of choline is egg yolk, wherein the choline properties prevents human body from CVD and memory loss. This factor will positively impact egg phosphatidylcholine market dynamics in the coming seven years.

Europe Egg Phosphatidylcholine Market size, by application, 2016 & 2024 (USD Million)
Europe Egg Phosphatidylcholine Market size, by application, 2016 & 2024 (USD Million)

Egg phosphatidylcholine produces acetylcholine for the functioning of neurotransmitters in central human nerve system. Wide set of advantageous related to use of egg PC has prompted the market players to experiment and invest more in R&D. Moreover, these players have begun to operate in manufacturing egg PC by lowering the cholesterol consumption due to strict norms filed by FDA and other European organization. Global egg phosphatidylcholine market share is fairly consolidated with key players including Kewpie Corporation, Jena Bioscience GmbH, Harmony Whole Foods, Avanti Polar Lipids, NOF America Corporation, and Vitamin Research Products.

Get a Sample Copy of this Report @https://www.gminsights.com/request-sample/detail/781

High demand for egg phosphatidylcholine in the nutritional supplement market and the rising presence of companies such as Chubb, UL, and Covance which are large scale manufacturers of dietary supplements will augment the U.S. egg PC industry.

Germany egg phosphatidylcholine market is anticipated to grow at a rate of more than 3% over the period of 2016-2024. Increasing dietetic products and anti-ageing cosmetic demand clubbed with the rising recommendation of the compound by doctors and nutritionists will be significantly driving the regional growth over the coming seven years.

China egg phosphatidylcholine industry share is anticipated to surpass USD 1.5 million by 2024. Rising geriatric population base in this region will increase demand for egg PC compound.

This industry has its prominent presence in the Cosmetics, Dietetic, and Pharmaceutical industries, which in turn is generating heavy gains for the global egg phosphatidylcholine industry. Egg phosphatidylcholine industry in cosmetic application is expected to generate revenue over USD 2.5 million by 2024. Egg PC compound is widely used as moisturizers, emulsifiers, and solubilizers in various ointments to maintain hair and skin texture. Also, rising consciousness regarding use of natural ingredients in beautifying of skin and hair will drive egg PC demand.

Dietetic application is anticipated to register a CAGR of 5.5%. Egg phosphatidylcholine is used in the treatment of neurological disorder, thereby enhancing the egg PC market size.  Also, rise in nutritive and healthy food intake will surge the egg phosphatidylcholine industry. Furthermore, the egg phosphatidylcholine industry growth will also be driven by the increase in the rate of poultry farm manufacturers feeding fatty acid to livestock. And use of EPA/DHA ingredients in the dietary supplements will further propel the Omega 3 ingredients market size.

Pharmaceutical application in the egg phosphatidylcholine market is also witnessing exponential growth over the coming seven years. Pharmaceutical application particularly in the U.S. has generated revenue more than USD 330 million in 2015. This industry is booming with extensive use of egg PC in curing diseases such as hepatitis, high cholesterol, gallbladder, eczema, and circulation problems.

Threat from substitutes of yolk such as mustard, soybean, and rapeseed will prompt the suppliers to use them and compel manufacturing costs. However, an additional advantage of high content of choline present in yolk with high nutrient density will set a clear path for the growth of egg phosphatidylcholine industry in the future.

Author NameOjaswita Kutepatil

Booming food & beverages sector to stimulate enzymes market growth over 2016-2024

Posted on

Global enzymes market revenue is expected to witness a high surge, driven by its escalating demand across dairy, food processing, personal care, paper, starch, and brewing sectors. Rapidly expanding food additives sector is expected to elevate the industry demand over the coming years.  According to Global Market Insights, Inc., “Enzymes market size is expected to grow at a rate of 8% over the coming period of 2016 to 2024.”  Ongoing biological, molecular, and forensic research coupled with the extensive applications of enzymes in molecular biology will substantially proliferate the enzymes market trends over the years to come.

U.S. Enzymes market size, by product, 2013-2024 (USD Million)

U.S. Enzymes market size, by product, 2013-2024 (USD Million)

Enzymes are also extensively used across biofuels, detergents, animal feed, and food & beverages sectors. Favorable outlook to replace fossil fuels with more energy-efficient & eco-friendly fuels will boost enzymes industry growth across biofuels sector. Food & beverages sector, which accounted over 35% of overall revenue in 2015, is predicted to grow significantly over the coming timeframe. High demand for nutritive food along with the rising protein intake will drive the enzymes industry size over the coming years. In addition to this, widespread application of enzymes across food & beverages sector to enhance food quality will drive the industry growth. Animal feed applications are projected to witness significant gains of 7% over the coming timeframe, driven by high prevalence of porcine epidemic diarrhea virus and bovine spongiform encephalopathy. Enzymes market share in detergents sector is expected to grow significantly over the coming years. High consumer spending on detergents is expected to drive the revenue.

Get a Sample Copy of this Report:@ https://www.gminsights.com/request-sample/detail/743

Polymerases & Nucleases, Proteases, Carbohydrases, and Lipases are the major products of enzymes industry. Proteases market is anticipated to record a growth of 7% over the coming timeframe, driven by its major application in detergents, food, and pharmaceutical sectors. They also find extensive applications in the animal feed additives industry.  Carbohydrases market, which dominated the product landscape in 2015, is expected to propel enzymes market growth, High product application across food & beverages and pharmaceuticals sectors are anticipated to be the key growth drivers.

Below are the regional highlights of Enzymes Market over 2016-2024

  • Rise in population base along with high beef demand across countries such as Australia, China, and South Korea is expected to boost APAC enzymes industry revenue expansion over the coming years. Furthermore, the large presence of pharmaceuticals and detergents sectors across countries such as Indonesia and Malaysia offers a huge industry growth potential.
  • North America enzymes market size is expected to grow at a rate of 8% over the coming timeframe, driven by high product application in food & beverages along with the enhanced popularity of processed foods. The U.S. is expected to drive the regional share.
  • Europe animal feed industry is expected to contribute significantly towards enzymes market revenue over the coming seven years. Growing need for cattle feed as well as its hybrid variants are expected to drive the regional growth. Germany, Russia, and France are anticipated to be the major regional revenue drivers.

Market players will try to retain their position through product development, constant innovation, and R&D investments. Key industry participants include Lonza Group, Novozymes, Koninklijke DSM N.V., F. Hoffmann-La Roche AG, Danisco A/S, Adisseo, Chr. Hansen, BASF SE, and Enmex, S.A.de C.V company.

Author NameDhananjay Punekar

Vitamin E market outlook: Cosmetics & Dietary applications to offer dynamic growth opportunities over 2016-2024.

Posted on

Shifting consumer focus toward health and wellness benefits from vitamins consumption will surge the global vitamin E market. Increasing consciousness of adopting healthy food habits coupled with rise in spending capacity will significantly stimulate the vitamin E industry. According to Global Market Insights, Inc., “Vitamin E market size is estimated to grow at a CAGR of 3.5% over the period of 2016-2024.” Vitamin E has many benefits to the human health, including regulation of blood pressure, reproduction system, and in prevention of health problems. The trend of maintaining a healthy lifestyle which includes dietary supplements along with regular diets is equally popular across the developed as well as the developing economies. In addition to this, rising disposable incomes in these regions will boom the vitamin E industry in the coming years.

UK Vitamin E Market size, by application, 2013-2024 (USD Million)

UK Vitamin E Market size, by application, 2013-2024 (USD Million)

Furthermore, growing geriatric population base in U.S., Europe, and Japan has multiplied the use of medications for the cure of disorders coupled with precautionary supplements which will help to stay healthy and fit. This scenario has stimulated the need for mandatory intake of vitamin E from supplementary sources fueling the vitamin E market size.

Get a Sample Copy of this Report:@ https://www.gminsights.com/request-sample/detail/335

Based on products, vitamin E market is segmented into synthetic vitamin E and natural vitamin E. Natural vitamin E is further categorized into Tocopherol and Tocotrienols by products. Tocopherol is naturally found in fish, vegetable oils, nuts, and leafy vegetables. Tocopherols is projected to surpass USD 300 million by 2024, owing to rise in per capita income and consumers’ willingness to spend more on nutrition and dietary supplements. Europe and U.S. are the largest contributors to the overall consumption, as the majority of the population is inclined towards maintaining healthy lifestyles in turn boosting the vitamin E industry.

U.S. vitamin E market is set to witness escalating gains, owing to healthy food consumption and high disposable income. Moreover, healthcare regulations are also contributing in driving the regional growth. U.S. vitamin E market generated revenue over USD 50 million in 2015 and is estimated to grow considerably in the coming seven years.

Europe vitamin E market is projected to expand significantly due to increase in consumption of dietary supplements. Moreover, rising demand for high protein diets, particularly in Russia and Germany has slated the Europe animal feed market size. Rising prescriptions and recommended health supplements from the health professionals will further complement the regional industry growth.

Cosmetics applications in the vitamin E market is witnessing high growth rate increasing at 7% over the period of 2016-2024. The willingness to pay more for the products which prevents skin ageing and assures various other skin benefits with UV protection & moisture content for healthy and youthful skin will generate huge scope for vitamin E industry share in the coming seven years. Its usage in sunscreen and other cosmetics products where vitamin E helps in reducing inflammation on the skin will escalate the industry growth over the coming timeframe.

Dietary supplements application is another lucrative segment assuring heavy gains in the vitamin E industry. Rising demand for nutritional edibles in the form of powders, liquids, tablets, pills, and capsules particularly in the western countries will spur the vitamin E market growth. Dietary supplements vitamin E demand is expected to register a CAGR of 4% over the period of 2016-2024. Reduction of migraine headaches, strengthening of the immune system, controlling blood pressure levels, and protection from flu and cold are the major benefits obtained from the consumption of these dietary supplements.

Another profitable segment in the vitamin E industry is the animal nutrition market, which was worth USD 1 billion in 2015. Growing meat export from Asia Pacific countries will generate animal nutrition demand. Rising prevalence of livestock diseases has enabled the usage of better animal nutrition in turn driving the vitamin E market. Moreover, rising cattle breeding in China, India, Russia, and Brazil will generate heavy demand for Animal feed additives market. Synthetic vitamin E is a major product used in animal feed industry.

Asia Pacific dominated the global meat production, which was projected to be over 130 million tons. China vitamin E animal nutrition market worth USD 70 million in 2015, is anticipated to surge noticeably over the coming seven years.

Presently the vitamin E industry is highly competitive with emerging markets from India and China. Moreover, many other industry participants are focusing on investigating substitute sources to improve the characteristic of vitamin E.  The vitamin E market share is consolidated with top five industry participants catering to 50% of the global demand in 2015. The major market players include COFCO Tech Bioengineering DSM, BASF, American River Nutrition, Cargill, and ADM.

Author NameOjaswita Kutepatil

Prebiotics market outlook: Food & beverage sector to stimulate the industry growth over 2016-2023

Posted on Updated on

Prebiotics market has gained immense recognition in the recent years due to various health benefits of prebiotics which are increasingly appealing to the health-conscious population. Growing emphasis on improving digestive health and enhancing gut functionality are together responsible for the growth of prebiotics industry. As per a report by Global Market Insights Inc., Prebiotics Market is anticipated to surpass USD 7.5 billion with expected gain at a rate of 11.5% over the period of 2016-2023. Rising concerns about obesity and other lifestyle diseases such as diabetes, CVD, and intestinal related diseases will enable the consumers to opt for prebiotics ingredients and dietary supplements, in turn fueling the prebiotic market share.

Europe prebiotics market size, by application, 2015 & 2024 (USD Million)

Europe prebiotics market size, by application, 2015 & 2024 (USD Million)

Prebiotics acts as a support system to probiotics, in simple terms probiotics are the beneficial bacteria and prebiotics are its food supplements. Prebiotics naturally exits in small portion in certain foods, which can be easily added to the groceries such as wheat bran, bananas, onions, garlic, and food products such as table spreads, cereals, biscuits, breads, and yoghurts. The common types of prebiotics ingredients are inulin, galacto-oligosaccharides (GOS), fructo-oligosaccharides (FOS), and mannan-oligosaccharide (MOS). Increasing intake of these dietary supplements, owing to its tremendous health benefits will favor the growth of prebiotics market.

Get a Sample Copy of this Report:@ https://www.gminsights.com/request-sample/detail/410

Rising intake of inulin ingredient which helps in maintaining cholesterol levels and improving digestion will propel the prebiotics industry. Inulin market size is anticipated to surpass demand of 550 kilotons by 2023. Consumption of GOS based ingredients improves mineral absorption and relieving constipation, thereby surging prebiotics market size. MOS ingredient which is obtained from yeast of saccharomyces cerevisiae is anticipated to surpass USD 800 million by 2023.

The global prebiotics industry is segmented into animal feed, dietary supplements, and food & beverage industry. Rising use of prebiotics in cattle feed to enhance the immune system and metabolism of animals is expected to boost the overall demand for prebiotics market. Dairy, dry food, cereals, and fermented meat products in the food & beverage industry is another lucrative application augmenting the prebiotic market. The growth prospects and industry parameters in the application landscape of the global prebiotics market is as follows:

  • Dairy products application worth 2.1 billion in 2015, dominated the prebiotics market. Increasing sugar free and fat free products penetration due to high growth in obesity and diabetes will drive the dairy application demand in prebiotics industry.
  • Animal feed application is projected to exceed USD 750 million in the coming six years. MOS ingredient is majorly used in the formulations of animal feed for refining gut health of aquaculture poultry, swine, and bovine.
  • Fermented meat based products application is anticipated to witness maximum gains, owing to its properties such as improving fiber functionality, fat replacement, and stability & texture improvement.

Taking into consideration the regional outlook, North America prebiotics market is estimated to surpass a volume of 155 kilotons demand by 2023. US led the regional growth due to extensive use of prebiotics in animal feed ingredients for heath and quality of meat products.

Asia Pacific prebiotics market witnessing highest gains, is expected to grow significantly with a value generation of USD 2.5 billion in the coming years, owing to high demand from China and Japan. Increasing prevalence of chronic disease, high demand for protein, and increasing consumer spending capacity has fueled the prebiotics industry share. China and India prebiotic market are likely to witness ingredients demand over 495 kilotons in the coming six years.

Europe prebiotic industry is anticipated to register a CAGR of 9% over the period of 2016-2023. Growing food & dietary supplement application and rising digestive health concerns among consumers will boost the regional outlook.

Global prebiotics market share continues to be fragmented and highly competitive. The key industry participants include Beghin, FrieslandCampina, BENEO GmbH, Cargill, and Roquette


Author Name
Ojaswita Kutepatil

 

Food safety testing market outlook: Rising food safety & security concerns to significantly influence the growth over 2016-2024

Posted on Updated on

Increasing threats over food consumption have stimulated global food safety testing market and generated demand for effective test products that can ensure food safety. Food supply worldwide is facing a range of risks from environmental toxins, bacteria, and food allergens. Food safety testing industry size has been growing substantially, owing to the increasing threat of foodborne illness, and stringent food safety regulations. Moreover, expansion of import and export business of food supply across the globe is expected to further boost the demand for food safety testing market. According to Global Market Insights, Inc., “Food Safety Testing Market size worth USD 9 billion in 2015, is estimated to grow at a CAGR of 7% over the period of 2016-2024.”  The food safety testing industry growth will also be influenced by the expansion of global processed food industry which is anticipated to surpass USD 7 trillion by 2024.

U.S. Food Safety Testing Market size, by contaminants, 2013-2024 (USD Million)
U.S. Food Safety Testing Market size, by contaminants, 2013-2024 (USD Million)

The most common source for contamination of food is pathogens. These pathogens can cause various gastrointestinal disorders such as abdominal cramps, vomiting, diarrhea and nausea leading to increase in illness and death of around 2 million people every year. Growing food epidemic has mandated the laboratory testing for Salmonella, Listeria, E. Coli, Campylobacter types of pathogens, in turn making food pathogen testing market to be a major revenue pocket accounting for 30% of the global demand. Pesticide is another type of contaminant causing health disorders. The pesticide food safety testing market worth USD 800 million in 2015, will witness substantial growth, owing to regulatory norms in using of certified and organic pesticides.

Get a Sample Copy of this Report:@ https://www.gminsights.com/request-sample/detail/824

Contaminated food is a very serious issue which may result into demise. As per WHO’s statistical report in 2014, over 2.5 million people died due to diarrheal diseases. Moreover, U.S is facing an alarming rate of increase in foodborne illness resulting into nearly 5 thousand deaths and more than 325 thousand hospitalizations every year. This has generated the need to implement quality and safety checks, where consumers have the authority to trace their ready to eat meals, processed products, bakery, preserved & canned products. In this regard the EU and FDA have given conformities with consumers’ rights to track food through all production and distribution stages, in turn driving the food safety testing industry. In addition, major food regulatory bodies and authorities such as Good Hygiene Practices (GHP), Good Manufacturing Practices (GMP), Hazard Analysis Critical Control Point (HACCP), and Good Agricultural Practices (GAP) are extending extensive support in ensuring food authenticity, thereby, propelling the food safety testing market growth.

The food safety testing technology market has witnessed a noticeable shift towards rapid food safety testing technology market from the time consuming traditional food safety testing industry. Increase adoption in biosensors, ELISA, rapid culture detection, and PCR-based techniques are widely adopted technologies used to examine the count, metabolites, and type of micro-organisms.

The growth in food safety testing market is also poised to benefit from increasing consumption of meat, poultry, and dairy products. Unhygienic condition while skinning and handling animals in slaughter house is the key responsible factor favoring the meat and poultry food safety testing market. Similarly, dairy products can also get easily contaminated through infected animals. Regulatory bodies such as the FSIS and HACCP are taking major steps in preventing meat & poultry product contamination and implementing adequate pasteurization of dairy products stimulating the food safety testing industry share.

Europe food safety testing market valued over USD 2.5 billion in 2015, with U.K and Germany leading the regional demand. Increasing consumer awareness and stringent food safety regulations will boost the demand for Europe food safety testing market over the coming years. Asia Pacific food safety testing industry will emerge rapidly due to rising population, growing demand for food products, and increasing stringent regulations for food safety. China being the major export trade market is anticipated to witness annual growth rate of 11% over the period of 2016-2024.

The food safety testing market is consolidated with top three players sharing 45% of the overall business space. The key industry participants include Intertek, Bureau Veritas, SGS, Det Norske Veritas, Eurofins Laboratories, Idexx Laboratories, ALS Laboratory and Bio-Rad Laboratories.

Author NameOjaswita Kutepatil

Nutraceutical industry to primarily drive carotenoids market size over 2016-2024: Global revenue to surpass USD 300 million by 2024

Posted on Updated on

Rampant application of carotenoids across food & beverages, cosmetics, pharmaceuticals, and animal feed industries has fueled carotenoids market size. According to Global Market Insights, Inc., “Global carotenoids market share is projected to surpass USD 300 million by 2024.” Heavy use of carotenoids in the nutraceutical industry, owing to its positive effect on immune & cardiovascular system are expected to boost the carotenoids industry trends over the coming years. Higher spending on medical & healthcare insurance services along with the growing life expectancy of aging population is further expected to stimulate the global industry size over the next few years. Carotenoids act as a main precursor for amino acids in animal feeds and possess anti-oxidative characteristics, further enhancing its demand across animal feed additives market.

 

U.S. Carotenoids Market size, by product, 2015 & 2024 (USD Million)
U.S. Carotenoids Market size, by product, 2015 & 2024 (USD Million)

Major carotenoids products comprise lycopene, beta-carotene, astaxanthin, lutein, and canthaxanthin. Beta-carotene industry size worth USD 40 million in 2015, is forecast to register an annual growth rate of 4% over the coming seven years. Heavy product demand can be attributed to its increasing usage as an essential ingredient in diets, to avoid ailments pertaining to the eyes, heart, and skin. Canthaxanthin, which contributed towards nearly 10% of the global carotenoids market share in 2015, is projected to witness a high surge over the next few years due to rising consumer preference for bakery items, snacks, breakfast cereals, fruits, and baby ingredients. Moreover, its extensive usage across cosmetics industry due to its anti-tanning properties will further stimulate the product demand over the coming years.

Get a Sample Copy of this Report:https://www.gminsights.com/request-sample/detail/855

Lutein is another major carotenoid product, forecast to witness a substantial growth in the near future. The growth will primarily be driven by its high demand across pharmaceuticals, food, dietary supplements, nutraceuticals, and animal feed applications. Lycopene industry worth USD 15 million in 2015, is expected to grow considerably over the next few years due to its high application in cosmetics and pharmaceuticals sectors.

Shifting focus of consumers towards natural products has pushed growth of natural carotenoids market. Natural carotenoids industry size is expected to register a CAGR of 4% over the period of 2016-2024. The other prominent extraction of carotenoids is from the synthetic sources. Synthetic carotenoids market dominated the source landscape with a market value of USD 190 million in 2015. Low production cost and easy availability of synthetic resources will boost its industry share over the forecast timeframe.

Carotenoids market size in food & beverage sector is anticipated to grow substantially over the forecast period, owing to its large-scale application as food additives globally. Animal feed sector, which accounted for nearly 30% of the overall carotenoids market share in terms of volume, is projected to grow considerably over the coming years. The growth can be credited to its high nutrient content and improved taste. Growing consumer preference towards healthy meat appearance is expected to boost the carotenoids industry growth.

LATAM carotenoids market is expected to witness a considerable growth over 2016-2024, owing to changing lifestyles, rise in per capita income, and high consumer awareness about the benefits of product use. Argentina, Peru, Brazil, and Chile are expected to be the key growth drivers of the region.

Europe carotenoids industry will witness a substantial surge over the coming years due to the rapidly expanding food sector along with heavy product use as food coloring agent. Russia, Germany, Italy, and France are likely to be the key revenue pockets of the region.

Middle East & Africa carotenoids market is projected to witness a significant growth over the next few years, owing to rise in the aging population as well as high demand for the product across health supplements sector.

Market players will try to enhance their share by adopting business strategies such as product differentiation and high R& D investments. Key carotenoids industry players include Cyanotech Corporation, Allied Biotech Corporation, Chr. Hansen, Divis Laboratories Limited, D.D. Williamson, and Naturex Company.

Author NameDhananjay Punekar