© 2016 Global Market Insights, Inc. USA. All Rights Reserved Fuel Cell Market size worth $25.5bn by 2024 Carotenoids Market size to grow at over 4% CAGR from 2016 to 2024: Global Market Insights Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Germany beta carotene market size was over USD 4 million in Positive indicators from medical industry for curing macular degeneration, cataracts, and preventing heart diseases fueled beta carotene demand. Healthcare industry expansion along with rise in consumer affordability have positively influenced regional growth in this segment.  Asia Pacific carotenoids market share will witness significant gains in cosmetics application increasing at 5% CAGR. Technological advancement, increasing application scope in nutraceuticals and cosmetics is driving overall regional demand.  Lycopene market was worth over USD 15 million in Strong application scope in pharmaceuticals and cosmetics owing to properties including preventing diabetes, age-related macular degeneration and protection from sunburn has enhanced product demand. Key Insights from Carotenoids Market:

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Middle East & Africa nutraceuticals market has witnessed notable growth. GCC countries dominates the industry, increase in the geriatric population will propelled the product demand for health supplements.  Global carotenoids market is fragmented in nature and dominated by DSM and BASF holding about 50% of global capacity.  In terms of geographic presence other major companies include, Allied Biotech, Chr. Hansen, Brenntag, Carotech, Cyanotech, Divis Laboratories, Naturex SA, D.D. Williamson, and LycoRed. Continued...

© 2016 Global Market Insights, Inc. USA. All Rights Reserved

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© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Product Analysis Beta-carotene market was valued at over USD 40 million in 2015, and is expected to increase at over 4% CAGR up to Healthy skin, eye health, and cardiovascular disease prevention with addition to this ingredient in diet and supplements has fueled product demand. Canthaxanthin market accounted for over 10% of the total market share in Rising consumer inclination towards various food products such as breakfast cereals, baby ingredients, dairy, meat, fruit & vegetable, bakery & confectionery, and snacks industries should drive canthaxanthin market size growth.  Regional Analysis Germany, which dominates Europe carotenoids market size, was valued at over USD 20 million in Processed food industry expansion was among the key contributor in regional industry growth. France and Germany exhibit the strongest demand as a food colouring agent. 360° Analysis

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Competitive Market Share Global carotenoids market share is fragmented and highly competitive with top two industrial players BASF and DSM accounting for over 50% of the total capacity in 2015 and extensively involved in the R&D. New product development and development are foreseen to be a potential growth strategy. New and existing patents relating to ingredient extraction, production, and application are responsible for highly competitive nature of the market. Other industry participants include Allied Biotech, Brenntag, Carotech, Chr. Hansen, Cyanotech Corp., D.D. Williamson, Divis Laboratories, LycoRed and Naturex SA. Continued...

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