Feed Carotenoids Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2016 to 2021 and Forecast 2022 to 2028

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Feed Carotenoids Market By Type of Animal (Swine, Poultry, Ovine, Bovine, Equine, Canine, Aquaculture), By Product Type (Canthaxanthin, Beta-Carotene, Lutein, Zeaxanthin, Lycopene, Astaxanthin, Others) and Geography 

 

 

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Description

Feed Carotenoids Market is expected to grow at a CAGR of 3.2% during the forecast period 2022 to 2028. Carotenoids are the natural pigments that are available in algae, plants and few types of microorganisms. These are considered as the powerful antioxidant and rich source of vitamin A. Beta-carotene, zeaxanthin, lycopene, canthaxanthin is different types of carotenoids. These have the immune system and anti-inflammatory benefits, sometimes helps in heart disease prevention. Carotenoids are the vital factors in human and animal health and very important for proper vision. Hence, intake of carotenoids in optimum quantities is essential for the prevention of deficiency-related diseases development. Carotenoids are used in large scale for animal feed due to high nutritive value and pigmentation, which enhances the appearance of the meat, meat products, and fish, among others along with palatability. Due to growing concern of health consciousness and significance of quality meat is playing a vital role in feed carotenoid market. Carotenoids have rich nutritious properties that enable prevent cataract, diabetes, cancer, etc. They contain a colour pigment called as carotene that imparts orange, red and yellow colours to the animals and plants. The colouring of the products plays the major role in estimating the commercial value of that product. Increase in the usage of carotenoids is expected to foster the feed carotenoids market over the forecast period. Carotenoids’ diverse biological features have led to an increase in its use as an aquaculture feed supplement. Carotenoids are widely utilised in salmon, trout, and red porgy feed, as well as shellfish such as shrimp and lobster. Carotenoids are critical during the larval stage of aquaculture species, and fish larvae raised on live feeds containing carotenoids have a significantly higher survival rate. According to estimates, cultured aquaculture will account for over 20% of world fish and other aquaculture consumption by the end of 2021, compared to wild collecting.

Feed Carotenoids Market

MARKET SUMMARY
-
3.2% CAGR
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR–3.2%
  • Largest Market– Europe
  • Fastest Growing Market– Asia Pacific

Feed Carotenoids Market

  • The report on global Feed Carotenoids Market gives historical, current, and future market sizes (US$ Bn) on the basis of type of animal, product type and geography.
  • Feed Carotenoids Market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa
Key Players
  • FMC Corporation (U.S.)
  • Royal DSM N.V. (The Netherlands)
  • BASF SE (Germany)
  • Cyanotech Corporation (U.S.)
  • Kemin Industries, Inc. (U.S.)
Dynamics

Feed Carotenoids Market

Rise in consumption of meat, poultry and dairy products, growing concern about the outbreak of the animal diseases, growing domestic and international quick-service restaurants in developing countries and demand for quality meat products by consumers are expected to create demand feed carotenoids market. The growing demand for high-protein diets has positively influenced livestock production are the few factors drive the feed carotenoids market. However, lack of awareness, high prices of the raw materials may hinder the feed carotenoids market growth.


Europe got significant share

Feed Carotenoids Market

Feed carotenoids market is segmented into North America, Asia-Pacific, Europe, and the Middle East & Africa, Latin America. Europe is one of the largest contributors to the global carotenoids market due to increase in usage of carotenoids through health supplements and in animal feed. Robust R&D investment, government involvement towards the healthcare facilities and promotion of preventive measures, and the well-established cosmetics industry demanding natural coloration are the major factors influencing the growth of the carotenoids market in Europe. Asia Pacific is the fastest growing market due to growth in Aquaculture and feed industry. China, India, Vietnam are high growth markets in the region due to rise in consumption of meat.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about the market size, regional market share, and forecast
  • The report covers in-detail insights about the competitor’s overview, key findings, and their key strategies
  • The report outlines drivers, restraints, challenges, and trends that are currently faced by the industry
  • The report tracks recent innovations, key developments, and startup’s details that are working in the industry
  • The report provides plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Feed Carotenoids Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content


Report

Company Profile

  • FMC Corporation (U.S.)
  • Royal DSM N.V. (The Netherlands)
  • BASF SE (Germany)
  • Cyanotech Corporation (U.S.)
  • Kemin Industries, Inc. (U.S.)
  • Chr. Hansen A/S (Denmark).

Description

Feed Carotenoids Market is expected to grow at a CAGR of 3.2% during the forecast period 2022 to 2028. Carotenoids are the natural pigments that are available in algae, plants and few types of microorganisms. These are considered as the powerful antioxidant and rich source of vitamin A. Beta-carotene, zeaxanthin, lycopene, canthaxanthin is different types of carotenoids. These have the immune system and anti-inflammatory benefits, sometimes helps in heart disease prevention. Carotenoids are the vital factors in human and animal health and very important for proper vision. Hence, intake of carotenoids in optimum quantities is essential for the prevention of deficiency-related diseases development. Carotenoids are used in large scale for animal feed due to high nutritive value and pigmentation, which enhances the appearance of the meat, meat products, and fish, among others along with palatability. Due to growing concern of health consciousness and significance of quality meat is playing a vital role in feed carotenoid market. Carotenoids have rich nutritious properties that enable prevent cataract, diabetes, cancer, etc. They contain a colour pigment called as carotene that imparts orange, red and yellow colours to the animals and plants. The colouring of the products plays the major role in estimating the commercial value of that product. Increase in the usage of carotenoids is expected to foster the feed carotenoids market over the forecast period. Carotenoids’ diverse biological features have led to an increase in its use as an aquaculture feed supplement. Carotenoids are widely utilised in salmon, trout, and red porgy feed, as well as shellfish such as shrimp and lobster. Carotenoids are critical during the larval stage of aquaculture species, and fish larvae raised on live feeds containing carotenoids have a significantly higher survival rate. According to estimates, cultured aquaculture will account for over 20% of world fish and other aquaculture consumption by the end of 2021, compared to wild collecting.

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