Feed Carotenoid Market Size & Share | Industry Report, 2017-2022 - Marketdataforecast
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The Global Feed Carotenoid Market was worth $1.37 billion in 2016 and estimated to be growing at a CAGR of 3.94%, to reach $1.66 billion by 2021. The global Feed Carotenoid market is growing at a substantial rate due to the progress in the animal feed industry.
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Carotenoids are the organic pigments naturally occurring in plants and have been utilized for food colourings with beta-carotene for a long time. However, with constant research and development, they have also found significance in feeds and food supplements.
The growth of the global Feed Carotenoid market is majorly driven by factors such as growing health consciousness among the consumers, rising consumption of compound and pelleted feed, and increasing predilection for natural coloration. Also, growing acceptance of intensive farming systems in the poultry and aquaculture industry is anticipated to drive the growth of the market. However, factors such as high expenses incurred during the extraction and mounting costs of raw materials are thwarting the growth of the market.
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The Global Feed Carotenoid market is segmented based on Type and Animal Type. The market for Feed Carotenoid, on the basis of Type, is classified into Lutein, Canthaxanthin, Astaxanthin, Beta-Carotene, Lycopene, Zeaxanthin, and others. Among these, Astaxanthin leads the global Feed Carotenoid market, followed by beta-carotene and lutein. Astaxanthin is utilized on a large scale due to its functional characteristics, easy obtainability, and usage in almost all the industrial areas.
However, the beta-carotene segment is estimated to be the fastest-growing market during the forecast period, owing to its high efficacy and medicinal properties. On the basis of Animal Type, the global Feed Carotenoid market is segmented into Poultry, Aquaculture, Swine, Ruminant, and others. Under this segment, Poultry leads the market accounting for more than 45% of the market share. However, Aquaculture is projected to be the fastest growing segment with a CAGR of 6.8%.
Futhermore, based on geography the market is segmented into various regions namely North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa. Asia Pacific and North America are the main users accounting for around 65% of the entire market. U.S. is the major market and is also projected to be the fastest growing country in North America. The Asia Pacific market has the highest CAGR due to growth in the Aquaculture and feed industry.
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Feed Carotenoid Market Segmentation:
By Type
• Lutein
• Canthaxanthin
• Astaxanthin
• Beta-Carotene
• Lycopene
• Zeaxanthin
• Others
By Animal Type
• Poultry
• Aquaculture
• Swine
• Ruminant
• Others
Scope of the report
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
Contact Info:
Name: Mr. Abhishek Shukla
Email: abhishek@marketdataforecast.com
Organization: MarketDataForecast™
Address: 2nd Floor, Lakeview Plaza, Kavuri Hills, Hyderabad, Telangana 500033, India.
Phone: +1-888-702-9626
Browse Full Report with TOC: https://marketdataforecast.com/market-reports/global-feed-carotenoid-market-1377/
Carotenoids are the organic pigments naturally occurring in plants and have been utilized for food colourings with beta-carotene for a long time. However, with constant research and development, they have also found significance in feeds and food supplements.
The growth of the global Feed Carotenoid market is majorly driven by factors such as growing health consciousness among the consumers, rising consumption of compound and pelleted feed, and increasing predilection for natural coloration. Also, growing acceptance of intensive farming systems in the poultry and aquaculture industry is anticipated to drive the growth of the market. However, factors such as high expenses incurred during the extraction and mounting costs of raw materials are thwarting the growth of the market.
Get Free Sample Copy of Report: https://marketdataforecast.com/market-reports/global-feed-carotenoid-market-1377/request-sample
The Global Feed Carotenoid market is segmented based on Type and Animal Type. The market for Feed Carotenoid, on the basis of Type, is classified into Lutein, Canthaxanthin, Astaxanthin, Beta-Carotene, Lycopene, Zeaxanthin, and others. Among these, Astaxanthin leads the global Feed Carotenoid market, followed by beta-carotene and lutein. Astaxanthin is utilized on a large scale due to its functional characteristics, easy obtainability, and usage in almost all the industrial areas.
However, the beta-carotene segment is estimated to be the fastest-growing market during the forecast period, owing to its high efficacy and medicinal properties. On the basis of Animal Type, the global Feed Carotenoid market is segmented into Poultry, Aquaculture, Swine, Ruminant, and others. Under this segment, Poultry leads the market accounting for more than 45% of the market share. However, Aquaculture is projected to be the fastest growing segment with a CAGR of 6.8%.
Futhermore, based on geography the market is segmented into various regions namely North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa. Asia Pacific and North America are the main users accounting for around 65% of the entire market. U.S. is the major market and is also projected to be the fastest growing country in North America. The Asia Pacific market has the highest CAGR due to growth in the Aquaculture and feed industry.
Browse Customize before buying: https://marketdataforecast.com/market-reports/global-feed-carotenoid-market-1377/customize-report
Feed Carotenoid Market Segmentation:
By Type
• Lutein
• Canthaxanthin
• Astaxanthin
• Beta-Carotene
• Lycopene
• Zeaxanthin
• Others
By Animal Type
• Poultry
• Aquaculture
• Swine
• Ruminant
• Others
Scope of the report
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
Contact Info:
Name: Mr. Abhishek Shukla
Email: abhishek@marketdataforecast.com
Organization: MarketDataForecast™
Address: 2nd Floor, Lakeview Plaza, Kavuri Hills, Hyderabad, Telangana 500033, India.
Phone: +1-888-702-9626