The Global Market for Carotenoids is Projected to Reach US$1.7 Billion by 2022
Growing Demand for Foods that Neutralize Free Radicals & Provide Protection Against Oxidative Stress to Drive the Carotenoids Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Carotenoids market. The global market for Carotenoids is projected to reach US$1.7 billion by 2022 , driven by the growing significance of carotenoids as pigmentation and antioxidant compounds and the resulting rise in demand from end-use applications such as animal feed, food, supplements, and pharmaceuticals. Carotenoids are organic, naturally occurring pigments found in fruits and vegetables, and also in certain shellfish. Carotenoids are considered to be a major a source of antioxidants for humans, with potential applications in preventing heart diseases and cancer. Over the years, demand for carotenoids posted strong growth led by proven capa...