(
EMAILWIRE.COM, February 01, 2017 ) 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.
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The growth of the global 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.
Segmentation:
1) Based on Type:
• Lutein
• Canthaxanthin
• Astaxanthin
• Beta-Carotene
• Lycopene
• Zeaxanthin
• Others
2) Based on Animal Type:
• Poultry
• Aquaculture
•
Swine
• Ruminant
• Others
3) Geographical Segmentation:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa
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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 global Feed Carotenoid market are BASF SE, Chr. Hansen A/S, FMC Corporation, Kemin Industries Inc., Royal DSM N.V., and Behn Meyer Group.
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