Carotenoids Market – KnipBio Announces Breakthrough Aqua feed Ingredient Development


Posted January 10, 2019 by OliveDavid

Carotenoids Market was worth USD 1.35 billion in 2018 and estimated to be growing at a CAGR of 3.84%, to reach USD 1.63 billion by 2023.
 
Recent Developments
KnipBio, Inc. recently announced that they have successfully developed a line of KnipBio Meal™, which is the company’s most premium aqua feed ingredient containing bio-astaxanthin, the carotenoid that gives salmon, rainbow trout, and shrimp significant health benefits as well as their characteristic pink color. Single-cell protein-based bio-astaxanthin may offer the aqua feed industry an inexpensive form of carotenoid for salmonids and shrimp. The U.S based biotechnology company declared that it had developed a way to produce commercial supply of single-cell protein based meal that contains bio-astaxanthin. The carotenoid gives the color to salmon, shrimp and rainbow trout and may provide health benefits. KnipBio’s product is created from a strain of the microorganism Methyl bacterium extorquens that produces astaxanthin in commercially relevant quantities. This breakthrough provides the aquaculture industry a new source of biologically produced astaxanthin that is competitively priced with synthetic versions of the product derived from petrochemicals.

Astaxanthin is an antioxidant approved as an additive for salmon, trout, and shrimp whose reported health benefits in animals include faster growth, better feed conversion rates, improved disease resistance, and reduced embryonic mortality. The aquaculture industry currently consumes more than $300 million per year of the carotenoid market. Naturally-derived astaxanthin is more easily digested and absorbed by fish than synthetic versions but production challenges have made it significantly more expensive. KnipBio’s astaxanthin product will be the first new natural source in over a decade and is produced via a fermentation process using low-cost and readily available ethanol, methanol, and other waste feed stocks.

KnipBio, Inc., is a Massachusetts-based company pioneering advanced nutritional solutions for animal feeds from sustainable and responsible feed stocks. KnipBio was started in 2013 by Larry Feinberg and Chris Marx to expand the aquaculture industry. Their goal- use biotechnology to convert abundant non-food feed stocks into an increasingly scarce feed ingredient, protein. Through their research, they determined that methyl bacterium extorquens was the ideal microbe because it is able to produce more than just the high-quality protein they were looking for. With careful engineering this microbe can create valuable biomolecules like antioxidant carotenoids, which are the source of salmons color.
Using innovative biotechnology, the company has developed KnipBio Meal- a range of premium aqua feed ingredients built around the company’s ‘PROTEINplus’ technology that combine immunonutrients with single cell protein. KnipBio is committed to maintaining a level of transparency to promote sustainable and environmentally sound practices.

To know more: https://www.marketdataforecast.com/market-reports/global-carotenoids-market-2416/

Market Segmentations
Market Data Forecast published a report named Carotenoids Market was worth USD 1.35 billion in 2018 and estimated to be growing at a CAGR of 3.84%, to reach USD 1.63 billion by 2023.

Report segmented as:
Source:
• Synthetic
• Natural
Application:
• Supplements
• Feed
• Cosmetics
• Food

Based on source, due to awareness of using natural things and its extensive use in proper food processing. Under application, Food applications occupy the major share in the market due to its use as a coloring agent. In the Non food applications cosmetics is leading and is expected to grow the fastest.

Geographical Segmentation:
Based on geography, the global market is analyzed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The Carotenoids market was dominated by Europe, with the overall market share of over 36% globally. Europe was followed by Asia-Pacific and North America. Asia Pacific is predicted to grow at a rapid pace in the coming few years.

Key market players in the market are -
• BASF SE
• Royal DSM N.V.
• Chr. Hansen A/S
• FMC Corporation
• Cyanotech Corporation

View sample and decide: https://www.marketdataforecast.com/market-reports/global-carotenoids-market-2416/request-sample

Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

Contact Info:
Name: Mr. Abhishek Shukla
Email: [email protected]
Organization: MarketDataForecast™
Address: Hyderabad, Telangana 500033, India.
Phone: +1-888-702-9626
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Issued By Market Data Forecast
Country Malaysia
Categories Food , Health , Nutrition
Tags canthaxanthin , carbohydrates , carotenoids , cosmetics , food , ingredients , lutein , proteins
Last Updated January 10, 2019