Global Aquaculture Feed Carotenoids Market, By Source (Natural, Synthetic), Product (Beta-Carotene, Lutein, Astaxanthin, Canthaxanthin, Lycopene), Application (Food & Beverages, Pharmaceutical, Cosmetics, Animal Feed, Dietary Supplements), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The aquaculture feed carotenoids market is expected to be growing at a growth rate of 6.30% in the forecast period of 2021 to 2028 with the estimation of reaching to USD 45.3 billion by 2028. The increasing of the aquaculture industry will act as a driving factor for the growth of the aquaculture feed carotenoids market.
Carotenoids are organic pigments that are located in several plants and organisms. These products are also used as antioxidants and protect the body from chronic diseases, cellular damage, and from the signs of aging. This point out the essence of acquiring dietary products with good quality of beneficial value for human consumption. Carotenoids are commercially accessible in various forms along with beta-carotene, lutein, lycopene, astaxanthin, zeaxanthin, annatto, and canthaxanthin. These items find significant utilization in human food, animal feed, dietary supplements, pharmaceuticals, and cosmetics as they propose excellent health benefits. Carotenoids are the reason for the color of animal skin and are important for balancing the health of animals. Since animals are unable to create carotenoids, they must meet their daily supplement needs from the products consumed. Carotenoids are broadly utilized in aquafeed. Astaxanthin is the main carotenoid utilized for the pigmentation of fish muscle, mainly salmons.
The increasing usage of this product in dietary supplements because of the growing prevalence of health issues will boost the growth of the aquaculture feed carotenoids market. The several biological properties of carotenoids in aquatic animals where they are consistently added to assure the development and health of fishes for example salmon, trout and red porgy, and of shellfish like shrimp and lobster attribute them to a major role which aids them in the growth of the aquaculture feed carotenoids market. The growing of the seafood trade, increasing seafood consumption among consumers due to the growing need for protein-rich diets, which in turn leads to the rising of the aquaculture production are few of the factors propelling the growth of the aquaculture feed carotenoids market. The growing consciousness of aquaculture farmers about the criteria for optimum supplements in their farms is anticipated to further provide stimulation to the growth of the aquaculture feed carotenoids market. Despite that, increasing expenditure acquired during the exclusion and the rising prices of the raw materials descend the growth of the aquaculture feed carotenoids market. Nevertheless, since carotenoids are important at the larval stage of aquaculture species, and fish larvae noticeably increase their survival pace, when reared on live feeds containing carotenoids, which in turn provides a growing opportunity for the development of the aquaculture feed carotenoids market.
This aquaculture feed carotenoids market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on aquaculture feed carotenoids market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Aquaculture Feed Carotenoids Market Scope and Market Size
The aquaculture feed carotenoids market is segmented on the basis of source, product, and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on source, the aquaculture feed carotenoids market is segmented into natural, synthetic.
- Based on product, the aquaculture feed carotenoids market is segmented into beta-carotene, lutein, astaxanthin, canthaxanthin, lycopene.
- Based on application, the aquaculture feed carotenoids market is segmented into food and beverages, pharmaceutical, cosmetics, animal feed, dietary supplements.
Aquaculture Feed Carotenoids Market Country Level Analysis
The aquaculture feed carotenoids market is analysed and market size, volume information is provided by country, source, product, and application as referenced above.
The countries covered in the aquaculture feed carotenoids market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, China, Japan, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Europe dominates the aquaculture feed carotenoids market due to the increasing need for health supplements and animal feed. Well-developed cosmetics industry because of the existence of key player is expected to be one of the main factors impacting the growth in the region. Asia Pacific is expected to show significant amount of growth in the aquaculture feed carotenoids market because of the increasing usage of these preservatives in the feed, supplement, food, pharmaceutical, and cosmetic functions. The industry is estimated to be boosted by technological developments, industrial growth, economic growth, and low costs of manufacturers in the emerging countries.
The country section of the aquaculture feed carotenoids market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Aquaculture Feed Carotenoids Market Share Analysis
Aquaculture feed carotenoids market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to aquaculture feed carotenoids market.
The major players covered in the aquaculture feed carotenoids market report are BASF SE; Divi's Laboratories Limited.; DDW The Color House ; ExcelVite; Cognis Group, Inc.; Deinove SAS; Döhler; DYNADIS SARL; Zhejiang Medicine Co. Ltd.; Zhejiang NHU Co. Ltd.; Cognis Group, Inc.; DSM; Chr. Hansen Holding A/S, FMC Corporation, Lycored, Cyanotech Corporation, Kemin Industries, Inc.; Allied Biotech Corporation; Vidya Europe SAS; Brenntag North America, Inc. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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