Global Carotenoids Market Projected to Surpass $2 Billion by 2024, See Which Product Types and How their Applications Contribute the Growth - Market Report (2017-2024) by Industry Experts, Inc.
Industry Experts, Inc. published the new market research report " Global Carotenoids Market - Products and Applications ". Visionary analysts at Industry Experts reveal that the dietary supplements sector will lead growth of the market for Carotenoids consumption globally and market likely to touch US$2.2 billion by 2024. Animal feed and food & beverage sectors are currently the largest markets for carotenoids globally. Carotenoids are used on a large scale in animal feeds, which is acting as the key growth driver of this market due to their high nutritive value and the pigmentation, which increases the palatability of the feed, in addition to enhancing the appearance of meat, meat products and fish. Growing awareness among consumers about benefits of carotenoids, greater emphasis on a healthy lifestyle and rising incidences of various diseases across the globe is driving the demand for carotenoids in dietary supplements and cosmetic industries. Global demand for car...