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Europe 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 (2022 to 2027)

Published: January, 2022
ID: 1303
Pages: 145

Europe Feed Carotenoid Market Size, Growth (2022 - 2027):

The Europe Feed Carotenoid Market was worth $0.58 billion in 2021 and is estimated to be growing at a CAGR of 3.84%, to reach $0.75 billion by 2026. Carotenoids have high nourishing properties which help avert deadly diseases such as cancer, diabetes, and tumor.

Along with this, carotenoids comprise a coloration pigment named carotene which is accountable for imparting red, yellow, and orange color 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 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.

Europe Feed Carotenoid Market Drivers:

The growth of the Europe 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 antioxidating feature and discovery of new health benefits of carotenoids make it medically more viable giving a boost to the demand for carotenoids in medical sectors as well. However, factors such as an 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:

Europe 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 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.

Europe 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:

  • Germany
  • U.K
  • France
  • Spain
  • Italy

Europe is the leading contributor to the global feed carotenoid market due to the rise in utilization of carotenoids through health supplements and in animal feed. Germany, Russia, and France are the major players in the Feed Carotenoid market in this region.

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 U.K                

                6.3 Spain                             

                6.4 Germany                     

                6.5 Italy                               

                6.6 France                          

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                 

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  1. Europe Feed Carotenoid Market By Region, From 2022 - 2027 (USD Billion)
  2. Europe Feed Carotenoid Market By Type, From 2022 - 2027 (USD Billion)
  3. Europe Lutein Market By Region, From 2022 - 2027 (USD Billion)
  4. Europe Canthaxanthin Market By Region, From 2022 - 2027 (USD Billion)
  5. Europe Astaxanthin Market By Region, From 2022 - 2027 (USD Billion)
  6. Europe Beta-Carotene Market By Region, From 2022 - 2027 (USD Billion)
  7. Europe Lycopene Market By Region, From 2022 - 2027 (USD Billion)
  8. Europe Zeaxanthin Market By Region, From 2022 - 2027 (USD Billion)
  9. Europe Other types Market By Region, From 2022 - 2027 (USD Billion)
  10. Europe Feed Carotenoid Market By Animal Type , From 2022 - 2027 (USD Billion)
  11. Europe Poultry Market By Region, From 2022 - 2027 (USD Billion)
  12. Europe Aquaculture Market By Region, From 2022 - 2027 (USD Billion)
  13. Europe Swine Market By Region, From 2022 - 2027 (USD Billion)
  14. Europe Ruminant Market By Region, From 2022 - 2027 (USD Billion)
  15. Europe Other animals Market By Region, From 2022 - 2027 (USD Billion)
  16. U.K Feed Carotenoid Market By Type, From 2022 - 2027 (USD Billion)
  17. U.K Feed Carotenoid Market By Animal Type , From 2022 - 2027 (USD Billion)
  18. Spain Feed Carotenoid Market By Type, From 2022 - 2027 (USD Billion)
  19. Spain Feed Carotenoid Market By Animal Type , From 2022 - 2027 (USD Billion)
  20. Germany Feed Carotenoid Market By Type, From 2022 - 2027 (USD Billion)
  21. Germany Feed Carotenoid Market By Animal Type , From 2022 - 2027 (USD Billion)
  22. Italy Feed Carotenoid Market By Type, From 2022 - 2027 (USD Billion)
  23. Italy Feed Carotenoid Market By Animal Type , From 2022 - 2027 (USD Billion)
  24. France Feed Carotenoid Market By Type, From 2022 - 2027 (USD Billion)
  25. France Feed Carotenoid Market By Animal Type , From 2022 - 2027 (USD Billion)

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