(Food-Beverage-News.Com, October 28, 2017 ) As per the report “North America Carotenoids Market by Source (Synthetic and Natural), by Type (Astaxanthin, Beta-Carotene, Canthaxanthin, Lutein, Lycopene, and Zeaxanthin), by Application (Supplements, Feed, Cosmetics, and Food), and by Region - Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)” published by Market Data Forecast, this Market is expected to reach USD 0.34 billion by 2021 from USD 0.29 billion in 2016, growing at a CAGR of 3.65%.
North America Carotenoids Market Segmentation: • By Source: Introduction, Synthetic and Natural • By Type: Introduction, Astaxanthin, Beta-Carotene, Canthaxanthin, Lutein, Lycopene and Zeaxanthin • By Application: Introduction, Supplements, Feed, Cosmetics, Food and Others • By Geography: Introduction, United States and Canada
Some of the Key Findings of the study: • North America Carotenoids Market will reach USD 0.34 billion by 2021. • The rising demand for natural colorants has been a key factor behind the growth of the market of carotenoids in the recent years. Other important factors driving the market growth are expanding end user applications, industrialization in sectors like poultry, pork, and aquaculture, preventive nutraceuticals and healthcare. • The market has also been facing few restraints and challenges. These include lack of R&D in remote regions, harmful effects of high dose of carotenoids, and stringent government regulations as well as approval norms. These factors are responsible for holding back the market from reaching its actual potential, and are thus required to be dealt with. • BASF SE, Chr. Hansen A/S, FMC Corporation, Royal DSM N.V., Cyanotech Corporation, D.D. Williamson & Co., Inc., Döhler Group, Kemin Industries Inc., Allied Biotech Corporation, Excelvite SDN. BHD are some of the major companies dominating the Carotenoids market.
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