Published: Apr, 2019
Rising Consumer Awareness to Boost Growth
Rise in consumer awareness in terms of health, sustainability, and busy lifestyle are expected to drive the global carotenoids market. An aware consumer would not think twice to pay premium price for natural products like carotenoids. Natural supplements like carotenoids provide many benefits such as improved cognitive functions, increased metabolism, healthy lifestyle, and natural cure against certain diseases. These factors are envisaged to uplift the global carotenoids market during the forecast period.
Sea food awareness also caters to the global carotenoids market growth. Awareness in consumers creates demand for quality sea food. This generates demand for inclusion of carotenoid supplements in the aqua feed to promote aquaculture. Carotenoids have high content of proteins and nutrients which will boost the sea food consumption. Thus, rising marine food awareness propels the global carotenoids market.
Avenues for Treating Vitamin A Deficiency
Carotenoids are playing a major role in developing treatment for Vitamin A deficiency. Vitamin A deficiency can cause night blindness, low immunity, and growth disorder. This has been a growing concern in all developing regions. The most affected are young children and expectant mothers .Carotenoids is assisting in preventing such deficiency, owing to the global carotenoids market proliferation.
Therefore, it is expected that all the above factors would drive the global carotenoids market to astounding growth during the forecast period. The global carotenoids market to observe a huge shift in terms of market volume and value.
This report is based on the findings of a TMR report titled “Carotenoids Market (Type - Beta-Carotene, Astaxanthin, Zeaxanthin, Canthaxanthin, Lycopene, Lutein; End Use - Food, Aquaculture Feed, Poultry Feed, Pet Food, Dietary Supplements, Pharmaceuticals, Cosmetics; Source - Fruits & Vegetables, Algae & Fungi, Synthetic) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026”
- Beta Cafrotene
- Beta Carotene
- Fruits & Vegetables
- Algae & Fungi
- Human Food
- Aqua Feed
- Animal Feed
- Dietary Supplements
- North America
- Rest of Europe
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