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 Region - Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)

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 Region - Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)

ID: 2419 | Pages: 136 | July 2017 | Region: Asia Pacific


Asia-Pacific Carotenoids Market has been estimated at USD 0.25 billion in 2016 and is projected to reach USD 0.31 billion by 2021, at a CAGR of 4.58% during the forecast period from 2016 to 2021. 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.

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.

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.

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. On the basis of geography, the Asia-Pacific market is analysed under various regions namely China, India, Australia, Japan and South Korea.

The major companies dominating the market share include 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                              

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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  1. Asia-Pacific Carotenoids Market By Source, From 2016-2021 ( USD Million )
  2. Asia-Pacific Synthetic Market By Region, From 2016-2021 ( USD Million )
  3. Asia-Pacific Natural Market By Region, From 2016-2021 ( USD Million )
  4. Asia-Pacific Carotenoids Market By Type, From 2016-2021 ( USD Million )
  5. Asia-Pacific Astaxanthin Market By Region, From 2016-2021 ( USD Million )
  6. Asia-Pacific Beta-Carotene Market By Region, From 2016-2021 ( USD Million )
  7. Asia-Pacific Canthaxanthin Market By Region, From 2016-2021 ( USD Million )
  8. Asia-Pacific Lutein Market By Region, From 2016-2021 ( USD Million )
  9. Asia-Pacific Lycopene Market By Region, From 2016-2021 ( USD Million )
  10. Asia-Pacific Zeaxanthin Market By Region, From 2016-2021 ( USD Million )
  11. Asia-Pacific Carotenoids Market By Application, From 2016-2021 ( USD Million )
  12. Asia-Pacific Supplements Market By Region, From 2016-2021 ( USD Million )
  13. Asia-Pacific Feed Market By Region, From 2016-2021 ( USD Million )
  14. Asia-Pacific Cosmetics Market By Region, From 2016-2021 ( USD Million )
  15. Asia-Pacific Food Market By Region, From 2016-2021 ( USD Million )
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  17. Japan Carotenoids Market By Type, From 2016-2021 ( USD Million )
  18. Japan Carotenoids Market By Application, From 2016-2021 ( USD Million )
  19. China Carotenoids Market By Source, From 2016-2021 ( USD Million )
  20. China Carotenoids Market By Type, From 2016-2021 ( USD Million )
  21. China Carotenoids Market By Application, From 2016-2021 ( USD Million )
  22. India Carotenoids Market By Source, From 2016-2021 ( USD Million )
  23. India Carotenoids Market By Type, From 2016-2021 ( USD Million )
  24. India Carotenoids Market By Application, From 2016-2021 ( USD Million )
  25. Australia Carotenoids Market By Source, From 2016-2021 ( USD Million )
  26. Australia Carotenoids Market By Type, From 2016-2021 ( USD Million )
  27. Australia Carotenoids Market By Application, From 2016-2021 ( USD Million )
  28. South Korea Carotenoids Market By Source, From 2016-2021 ( USD Million )
  29. South Korea Carotenoids Market By Type, From 2016-2021 ( USD Million )
  30. South Korea Carotenoids Market By Application, From 2016-2021 ( USD Million )
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