We are monitoring the impact of COVID-19 on Asia-Pacific Feed Carotenoid Market Get in touch with us for detailed analysis Know More
Pulished Date April, 2021
ID: 1304
Share on
Share on

Asia-Pacific Feed Carotenoid Market By Type (Lutein, Canthaxanthin, Astaxanthin, Beta-Carotene, Lycopene, Zeaxanthin, And Others), By Animal Type (Poultry, Aquaculture, Swine, Ruminant, And Others), And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecast (2021-2026)

Pulished: April, 2021
ID: 1304
Pages: 145

Asia-Pacific Feed Carotenoid Market Size 2021-2026:

The Asia-Pacific Feed Carotenoid Market was worth $0.32 billion in 2021 and estimated to be growing at a CAGR of 6.98%, to reach $0.45 billion by 2026. Carotenoids have high nourishing properties which help avert deadly diseases such as cancer, diabetes, and tumour.

Along with this, carotenoids comprise of a coloration pigment named carotene which is accountable for imparting red, yellow, and orange colour in plants and animals thus intensifying the need and utilization of carotenoids especially for meat products. The coloration of animal products plays a major role in determining their commercial worth. Hence, carotenoids are considered as a major business opportunity, with several multinational players already entering into the production of different types of carotenoids which can be used in several applications.

Market Drivers:

The growth of the Asia-Pacific Feed Carotenoid market is majorly driven by factors such as growing consumer preference for naturally healthy products, easy availability and the commercial scope of carotenoids in feeds and supplements. The antioxidative feature and discovery of new health benefits of carotenoids makes it medically more viable giving a boost to the demand for carotenoids in medical sectors as well. However, factors such as inadequate number of suppliers in the market, high expenses incurred during extraction and mounting costs of raw materials are preventing the growth of the market in this region.

Market Segmentation:

Asia-Pacific Feed Carotenoid Market – By Type:

  • Lutein

  • Canthaxanthin
  • Astaxanthin
  • Beta-Carotene
  • Lycopene
  • Zeaxanthin
  • others

Among these, Astaxanthin leads the 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.

Asia-Pacific Feed Carotenoid Market – By Animal Type:

  • Poultry
  • Aquaculture
  • Swine
  • Ruminant
  • 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%.

Geographical Analysis:

The Asia-Pacific region is geographically segmented into

  • Chin
  • India
  • Japan
  • South Korea
  • Australia

This region has the fastest growing market due to the development in the Aquaculture and feed industry. China, India, and Vietnam are the high growth markets for feed Carotenoids in this region due to an increase in intake of meat and acceptance of scientific method of farming.

Key Players:

Partnerships and arrangements with raw material suppliers and traders to guarantee uninterrupted supply at discounted costs is the most adopted plan by the players in the market. Expansion of the company and putting up new plants to boost production capability is another tactic adopted by the key players. The major companies dominating the Feed Carotenoid market in this region are BASF SE, Chr. Hansen A/S, FMC Corporation, Kemin Industries Inc., Royal DSM N.V., and Behn Meyer Group.

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 New Developments                

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 By Type                        

                                5.1.1 Lutein       

                                5.1.2 Canthaxanthin      

                                5.1.3 Astaxanthin            

                                5.1.4 Beta-Carotene      

                                5.1.5 Lycopene

                                5.1.6 Zeaxanthin             

                                5.1.7 Others      

                5.2 By Animal Type                         

                                5.2.1 Poultry     

                                5.2.2 Aquaculture           

                                5.2.3 Swine        

                                5.2.4 Ruminant

                                5.2.5 Others      

6. Geographical Analysis                                              

                6.1 Introduction                              

                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 Strategic Evaluation and Operations            

                                8.1.4 Financial analysis  

                                8.1.5 Legal issues            

                                8.1.6 Recent Developments       

                                8.1.7 SWOT analysis       

                                8.1.8 Analyst View          

                8.2 Chr. Hansen A/S                       

                8.3 FMC Corporation                     

                8.4 Kemin Industries Inc.                              

                8.5 Royal DSM N.V.                        

                8.6 Behn Meyer Group                 

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. Expert Opinions                                        

                10.1 Market Outlook                     

                10.2 Investment Opportunities                 


                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
  1. Asia-Pacific Feed Carotenoid Market By Region, From 2021-2026 (USD Billion)
  2. Asia-Pacific Feed Carotenoid Market By Type, From 2021-2026 (USD Billion)
  3. Asia-Pacific Lutein Market By Region, From 2021-2026 (USD Billion)
  4. Asia-Pacific Canthaxanthin Market By Region, From 2021-2026 (USD Billion)
  5. Asia-Pacific Astaxanthin Market By Region, From 2021-2026 (USD Billion)
  6. Asia-Pacific Beta-Carotene Market By Region, From 2021-2026 (USD Billion)
  7. Asia-Pacific Lycopene Market By Region, From 2021-2026 (USD Billion)
  8. Asia-Pacific Zeaxanthin Market By Region, From 2021-2026 (USD Billion)
  9. Asia-Pacific Other types Market By Region, From 2021-2026 (USD Billion)
  10. Asia-Pacific Feed Carotenoid Market By Animal Type , From 2021-2026 (USD Billion)
  11. Asia-Pacific Poultry Market By Region, From 2021-2026 (USD Billion)
  12. Asia-Pacific Aquaculture Market By Region, From 2021-2026 (USD Billion)
  13. Asia-Pacific Swine Market By Region, From 2021-2026 (USD Billion)
  14. Asia-Pacific Ruminant Market By Region, From 2021-2026 (USD Billion)
  15. Asia-Pacific Other animals Market By Region, From 2021-2026 (USD Billion)
  16. China Feed Carotenoid Market By Type, From 2021-2026 (USD Billion)
  17. China Feed Carotenoid Market By Animal Type , From 2021-2026 (USD Billion)
  18. India Feed Carotenoid Market By Type, From 2021-2026 (USD Billion)
  19. India Feed Carotenoid Market By Animal Type , From 2021-2026 (USD Billion)
  20. Japan Feed Carotenoid Market By Type, From 2021-2026 (USD Billion)
  21. Japan Feed Carotenoid Market By Animal Type , From 2021-2026 (USD Billion)
  22. South Korea Feed Carotenoid Market By Type, From 2021-2026 (USD Billion)
  23. South Korea Feed Carotenoid Market By Animal Type , From 2021-2026 (USD Billion)
  24. Australia Feed Carotenoid Market By Type, From 2021-2026 (USD Billion)
  25. Australia Feed Carotenoid Market By Animal Type , From 2021-2026 (USD Billion)

Please wait. . . . Your request is being processed


$ 1234 3335

Click for Request Sample