Carotenoids Market Size, Share & COVID-19 Impact Analysis, By Type (Astaxanthin, Beta-carotene, Lutein, Zeaxanthin, Lycopene, Canthaxanthin, and others), Source (Synthetic and Natural), Application (Animal Feed, Food & Beverages, Dietary Supplements, Personal Care & Cosmetics, and Pharmaceuticals), and Regional Forecast, 2020-2027

Methodology:

Fortune Business Insights follows a robust research methodology that involves data triangulation based on top-down, bottom-up approaches, and validation of the estimated market numbers through primary research. The information used to estimate the market size and forecast for various segments at the global, regional, and country level is derived from the most credible published sources and through interviews with the right stakeholders.

Growth rate or CAGR exhibited by a market for a certain forecast period is calculated on the basis of various factors and their level of impact on the market. These factors include market drivers, restraints, industry challenges, market and technological developments, market trends, etc.

Secondary data sources that we refer to:

• Annual reports, investor presentation, SEC filings, and press releases of companies operating in the market.
• Studies published by relevant associations (Institute of Food Technologists, Food and Drug Administration; Food and Agriculture Organization; Codex Alimentarius; etc.), government sources (World Bank; FoodDrinkEurope, Food Processing & Certification Bodies; etc.), international organizations (World Health Organization, The Organization for Economic Co-operation and Development, Eurostat, etc.), and articles published by Food Processing Magazine, Food Safety Magazine, ResearchGate, etc.
• Website, reports, and press releases of end user facilities – Food and beverage manufacturers and food service providers.
• Industry journals and paid databases.

SECONDARY RESEARCH IS CONDUCTED TO DERIVE THE FOLLOWING INFORMATION:

• Details such as revenues, market share, strategies, growth rate, product & their pricing by region/country for all major companies.
• Details in relation to the parent market/related market, value and supply chain analysis, distribution channels, trade analysis, and recent technological developments.
• Market dynamics in relation to the market under focus – Drivers, restraints, trends, and opportunities.
• Market & technological trends and new product developments

INTERVIEWS ARE CONDUCTED WITH:

• Key stakeholders such as food & beverage manufacturers, regulatory bodies, hotels, restaurants, cafes, and other consumer connecting point.
• Key stakeholders from other key end use industries such as cosmetics, phramaceuticals, etc.
• Key opinion leaders in related associations.
• Key stakeholders such as C-level executives, marketing managers, product managers, sales managers, etc. in major companies (suppliers and distributors) and trade bodies operating in the market.

INTERVIEWS ARE CONDUCTED TO DERIVE THE FOLLOWING INFORMATION:

• Insights from supply side respondents in relation to the market size, growth rate, market distribution, market dynamics, and market share analysis.
• Validation of the market size, growth rate, and market distribution estimated on the basis of market models.
• Insights from end user respondents to feed into models such as average pricing, average spending on products, per capita consumption trend, etc.