New York, Global Carotenoids Pigment Market report from Global Insight Services is the single authoritative source of intelligence on Carotenoids Pigment Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Carotenoids are a type of pigment that is found in plants. These pigments are responsible for the color of fruits and vegetables. Carotenoids are also found in the human body and are thought to play a role in protecting against certain diseases.
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Key Trends
The key trends in carotenoids pigment technology are:
1. Increasing demand for natural ingredients: Consumers are increasingly preferring natural ingredients over synthetic ones. This is due to the growing awareness about the health hazards associated with synthetic ingredients. Carotenoids are natural pigments and are thus expected to witness increased demand.
2. Growing applications in the food & beverage industry: Carotenoids are used as food colorants and are added to a variety of food & beverage products, such as juices, dairy products, and processed foods. The food & beverage industry is expected to be a major driver of the carotenoids market.
3. Expanding applications in the cosmetics industry: Carotenoids are used in a variety of cosmetics products, such as lipsticks, foundations, and hair care products. The cosmetics industry is expected to be a major driver of the carotenoids market.
4. Stringent regulations: The carotenoids market is subject to stringent regulations, as these pigments are used in food & beverage and cosmetics products. The regulations vary from country to country.
Key Drivers
The key drivers of the Carotenoids Pigment market include the rising demand for healthy and natural products, the growing awareness of the health benefits of carotenoids, and the increasing popularity of functional foods and beverages. Carotenoids are a class of naturally occurring pigments that are found in a wide variety of fruits and vegetables.
These pigments are responsible for the bright colors of many fruits and vegetables, and are also a source of antioxidants and other health-promoting compounds. Carotenoids have been shown to have a wide range of health benefits, including reducing the risk of certain cancers, improving eye health, and boosting the immune system.
The rising demand for healthy and natural products, the growing awareness of the health benefits of carotenoids, and the increasing popularity of functional foods and beverages are the key drivers of the Carotenoids Pigment market.
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Market Segments
The Carotenoids Pigment Market is segmented by product, application and region. By product, the market is divided into astaxanthin, beta-carotene, lutein and others. Based on application, it is bifurcated into bakery & confectionery products, beverages, fruit preparations/ fillings, dairy food products, and others. Region-wise, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Players
The Carotenoids Pigment Market includes players such as Chr Hansen A/S, Aarkay Food Products, FMC Corporation, BASF SE, Dohler Group, Lycored, Kemin Industries Inc., Cyanotech Corporation, Divis Laboratories, and Allied Biotech Corporation.
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