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Food & Beverage

The Global Market for Carotenoids  

Report Code: FOD025B, Published: June 2005

 

Click here for an updated version:  FOD025C

 
 

REPORT HIGHLIGHTS

  • The current worldwide market value of all commercially-used carotenoids is estimated at $887 million for 2004 and expected to rise at an average annual growth rate (AAGR) of 2.9% to just over $1 billion.
  • The largest outlet will remain feed, mainly because of the outstanding importance of astaxanthin and canthaxanthin.
  • The market value of beta-carotene was estimated at $242 million in 2004. Increasing competition from Asia has resulted in price pressure that will result in a very moderate 2.9% AAGR through 2009. Food still is the most important outlet, where it is widely used as a color.
  • The big marketing success of recent years is lutein when it was demonstrated that it could help reduce age-related macular degeneration. This pushed lutein’s market value up to $139 million in 2004.

Report Code: FOD025B, Published: June 2005, Analyst: Ulrich Marz

 
 

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