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Asia Pacific 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 Country (India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore and Rest of APAC) – Size, Share, Trends, Growth, Forecast (2021 – 2027)

Published: January, 2022
ID: 2324
Pages: 145

Asia Pacific Carotenoids Market Growth and Forecast (2022 - 2027):

Asia Pacific Carotenoids Market has been estimated at USD 0.27 billion in 2021 and is projected to reach USD 0.34 billion by 2026, at a CAGR of 4.58% during the forecast period from 2021 to 2026. The Carotenoids market is showcasing significant potential in the mentioned forecast period. The market continues to build up momentum with the growing demand of carotenoids obtained from natural sources.

Market Overview:

Carotenoids are class of plant pigments responsible for the bright red, orange and yellow hues in various fruits and vegetables. These are also important for maintenance of a plant’s health as well as human health on consumption of these fruits and vegetables. They assist plants in the process of photosynthesis by helping them in absorbing light energy and are thus the reason behind the colour of plants or the fruits & vegetables. They also act as antioxidants in plants as well as human body.

Drivers and Restraints:

The increase in the demand for natural colorants have been driving the growth of the market of carotenoids over the recent years. Other key factors driving the market growth include industrialization in sectors like pork, expanding end user applications, poultry and aquaculture, preventive nutraceuticals and healthcare. The market has also been facing some challenges and restraints. These include lack of R&D in remote regions, harmful effects of high dose of carotenoids, and stringent government approval norms and regulations. These factors have been holding the market back from reaching its full potential, and are required to be dealt with.

Asia Pacific Carotenoids Market Segmentation Analysis:

The Asia Pacific market for Carotenoids is categorized on the basis of source, application and type. The market segmentation based on type is done into Astaxanthin, Canthaxanthin, Beta-Carotene, Lycopene, Lutein, and Zeaxanthin. Based on application, the market is segmented into Supplements, Cosmetics, Feed, and Food. Finally, the market is segmented based on sources into, Synthetic and Natural.

GeographicalAnalysis:

Geographically the Asia Pacific Carotenoids Market is segmented into India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia.

Key Players in the Market:

Major Key Players in the APAC Carotenoids Market are

  • BASF SE
  • Royal DSM N.V
  • FMC Corporation
  • Chr. Hansen A/S
  • Cyanotech Corporation
  • D.D. Williamson & Co., Inc
  • Döhler Group
  • Kemin Industries Inc
  • Excelvite SDN
  • BHD
  • Allied Biotech Corporation

1.Introduction                                  

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Source                          

                                5.1.1 Introduction           

                                5.1.2 Synthetic 

                                5.1.3 Natural     

                                5.1.4  Y-o-Y Growth Analysis, By Source                

                                5.1.5  Market Attractiveness Analysis, By Source              

                                5.1.6  Market Share Analysis, By Source                

                5.2 Type                              

                                5.2.1 Introduction           

                                5.2.2 Astaxanthin            

                                5.2.3 Beta-Carotene      

                                5.2.4 Canthaxanthin       

                                5.2.5 Lutein        

                                5.2.6 Lycopene 

                                5.2.7 Zeaxanthin              

                                5.2.8 Y-o-Y Growth Analysis, By Type     

                                5.2.9 Market Attractiveness Analysis, By Type   

                                5.2.10 Market Share Analysis, By Type   

                5.3 Application                 

                                5.3.1 Introduction           

                                5.3.2 Supplements         

                                5.3.3 Feed          

                                5.3.4 Cosmetics

                                5.3.5 Food          

                                5.3.6 Other Applications               

                                5.3.7 Y-o-Y Growth Analysis, By Application         

                                5.3.8  Market Attractiveness Analysis, By Application      

                                5.3.9  Market Share Analysis, By Application       

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Source

                                                6.1.3.3 By Type

                                                6.1.3.4 By Application

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Source

                                                6.1.4.3 By Type

                                                6.1.4.4 By Application

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Source

                                                6.1.5.3 By Type

                                                6.1.5.4 By Application

                6.2 China                             

                6.3 India                              

                6.4 Japan                            

                6.5 South Korea                               

                6.6 Australia                      

7.Strategic Analysis                                        

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8.Market Leaders' Analysis                                         

                8.1 BASF SE                        

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Royal DSM N.V.                        

                8.3 Chr. Hansen A/S                       

                8.4 FMC Corporation                     

                8.5 Cyanotech Corporation                         

                8.6 Kemin Industries Inc                               

                8.7 D.D. Williamson & Co Inc                       

                8.8 Dohler Group                            

                8.9 Allied Biotech Corporation                   

                8.10 Excelvite SDN. BHD                               

9.Competitive Landscape                                            

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10.Market Outlook and Investment Opportunities                                          

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

 

  1. Asia-Pacific Carotenoids Market By Source, From 2022 - 2027 ( USD billion )
  2. Asia-Pacific Synthetic Market By Region, From 2022 - 2027 ( USD billion )
  3. Asia-Pacific Natural Market By Region, From 2022 - 2027 ( USD billion )
  4. Asia-Pacific Carotenoids Market By Type, From 2022 - 2027 ( USD billion )
  5. Asia-Pacific Astaxanthin Market By Region, From 2022 - 2027 ( USD billion )
  6. Asia-Pacific Beta-Carotene Market By Region, From 2022 - 2027 ( USD billion )
  7. Asia-Pacific Canthaxanthin Market By Region, From 2022 - 2027 ( USD billion )
  8. Asia-Pacific Lutein Market By Region, From 2022 - 2027 ( USD billion )
  9. Asia-Pacific Lycopene Market By Region, From 2022 - 2027 ( USD billion )
  10. Asia-Pacific Zeaxanthin Market By Region, From 2022 - 2027 ( USD billion )
  11. Asia-Pacific Carotenoids Market By Application, From 2022 - 2027 ( USD billion )
  12. Asia-Pacific Supplements Market By Region, From 2022 - 2027 ( USD billion )
  13. Asia-Pacific Feed Market By Region, From 2022 - 2027 ( USD billion )
  14. Asia-Pacific Cosmetics Market By Region, From 2022 - 2027 ( USD billion )
  15. Asia-Pacific Food Market By Region, From 2022 - 2027 ( USD billion )
  16. Japan Carotenoids Market By Source, From 2022 - 2027 ( USD billion )
  17. Japan Carotenoids Market By Type, From 2022 - 2027 ( USD billion )
  18. Japan Carotenoids Market By Application, From 2022 - 2027 ( USD billion )
  19. China Carotenoids Market By Source, From 2022 - 2027 ( USD billion )
  20. China Carotenoids Market By Type, From 2022 - 2027 ( USD billion )
  21. China Carotenoids Market By Application, From 2022 - 2027 ( USD billion )
  22. India Carotenoids Market By Source, From 2022 - 2027 ( USD billion )
  23. India Carotenoids Market By Type, From 2022 - 2027 ( USD billion )
  24. India Carotenoids Market By Application, From 2022 - 2027 ( USD billion )
  25. Australia Carotenoids Market By Source, From 2022 - 2027 ( USD billion )
  26. Australia Carotenoids Market By Type, From 2022 - 2027 ( USD billion )
  27. Australia Carotenoids Market By Application, From 2022 - 2027 ( USD billion )
  28. South Korea Carotenoids Market By Source, From 2022 - 2027 ( USD billion )
  29. South Korea Carotenoids Market By Type, From 2022 - 2027 ( USD billion )
  30. South Korea Carotenoids Market By Application, From 2022 - 2027 ( USD billion )

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