Carotenoid Market Expanding Steadily to 2018 by EON


More Info Carotenoid Market
Expanding Steadily to 2018
    l   2018 commercial carotenoids market forecast: $1.4 billion
    l   Beta-carotene to see steady growth of 3.1% CAGR; worth $334 million in 2018
    l   Strong growth expected for lutein market – 2018 market forecast: $309 million

October 19, 2011 09:57 AM Eastern Daylight Time 

LONDON--(EON: Enhanced Online News)--By 2018 it is expected that the commercial carotenoid market will be
worth over $1.4 billion, having grown at 2.3% CAGR from $1.2 billion in 2010, according to a new report available
from This gradual growth forecast is attributed to price rises across the sector, triggered
by low availability of raw materials.

The Global Market for Carotenoids

Carotenoids are used in the food, feed, and supplement industries for their antioxidant and immune system enhancing
properties, amongst many others. The following commercially available carotenoids are discussed at length within the
report: annatto astaxanthin; beta-carotene; beta-apo-8-carotenal; beta-apo-8-carotenal-ester; canthaxanthin;
capsanthin and paprika extract; lutein; lycopene, and zeaxanthin.

The largest market for an individual carotenoid is that of beta-carotene: worth $250 million in 2007, $261 million in
2010 and forecast to reach $334 million by 2018. Raw ingredient price rises since 2007 have prompted market

The fastest growing carotenoid market is lutein, which had a 2010 valuation of $233 million and is expected to grow
at 3.6% to 2018, at which point it will have an estimated worth of $309 million. This market has enjoyed rapid
expansion due to the fact that there has been a shortage in the materials required for its production.

Canthaxanthin - used for providing red tones to eggs and seafood - is a carotenoid market in decline, and will endure
further setbacks when it is eventually banned for food use by the EU, which is likely to happen in the very near

The carotenoid market is consolidated in nature, dominated by just a few global players. A significant number of
companies have exited the industry and there have also been a number of mergers and acquisitions, such as BASF’s
acquisition of Cognis and DSM’s 2011 takeover of Vitatene.

The September 2011 carotenoid research piece includes 189 pages of insight into the carotenoid market, including
statistics for the period 2010-2018. It provides a comprehensive overview of the carotenoid industry, split by region,
application type, production method and key market players.

Report Details:
Companies & Markets
Mike King
Press Office
London (UK): +44 (0) 203 086 8600

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