(PRWEB) July 28, 2014
The North America Carotenoids & Antioxidants Market report defines and segments the carotenoids & antioxidants market in North America with analysis and forecast of revenue. This market is estimated to grow from around $539.9 million in 2012 to $812.7 million by 2018, at a CAGR of 7.1% from 2013 to 2018.
Browse through the TOC of the North America Carotenoids & Antioxidants Market report to get an idea of the in-depth analysis provided. It also provides a glimpse of the segmentation in the market, and is supported by various tables and figures.
Countries in North American region like the U.S., Canada, and Mexico are known for their stable economies and high per capita income levels. The consumer base in these countries is ever increasing for nutraceuticals that incorporate carotenoid & antioxidant ingredients. Increasing awareness among consumers regarding aging disorders have spiked the demand for carotenoids & antioxidants in the nutraceuticals market. Taking into consideration the growing population combined with the rising income levels, the demand for carotenoid & antioxidant ingredients seems to be unending in the North American region.
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North America is one of the major markets, wherein the U.S. holds a maximum share. As of 2013, the U.S. contributed a major share of around 50% to the carotenoids & antioxidants market in the region. The North American carotenoids & antioxidants market has five major players: BASF (Germany), Chemtura (U.S.), Albemarle (U.S.), DSM (The Netherlands), Sumitomo (Japan), and others. BASF (Germany) is the major player with a share of 10% followed by Chemtura (U.S.) with a share of 9.75%.
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The carotenoids & antioxidants market is segmented and projected on the basis of applications, which includes functional food, functional beverages, dietary supplements, animal nutrition, and personal care. Dietary supplements are the most preferred application of carotenoids & antioxidants. The market is further segmented and forecasted on the basis of major countries, such as the U.S, Canada and Mexico. This report also comprises market share, supply chain and value chain analyses, and market metrics such as drivers and restraints. It also provides the competitive landscape and company profile of the aforementioned market players.
Europe Carotenoids & Antioxidants (Nutraceuticals) Market
The European carotenoids and antioxidants (nutraceuticals) market constituted 26.3% of the global nutraceutical market in the year 2013, and its share is estimated to be 26.2% by the end of the year 2018.
The market in Europe, although segregated, has a huge demand for nutraceuticals. Recent awareness in the North European as well as West European region related to aging disorders has spiked the growth of the European market. The market for these nutraceutical ingredients is booming in Europe and is being considered to be a high revenue generating market in the future.
Asia-Pacific Carotenoids & Antioxidants (Nutraceuticals) Market
The Asia-Pacific carotenoids and antioxidants (nutraceuticals) market constituted 31.8% of the global nutraceutical market in the year 2013, and its share is estimated to grow to 32.3% by the end of the year 2018.The Asia-Pacific region is the most densely populated region in the world. Urbanization and consumerism have brought about various diseases related to poor lifestyles, and has accelerated aging-related disorders in this region. These are leading countries when it comes to cases related to diabetes and cardiovascular disorders. The anti-aging effects and preventative properties of antioxidants have created a consumer boom, which has resulted in the growth of the Asia-Pacific carotenoids and antioxidants market.
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