| Product Code: ETC8840982 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Philippines saw a significant increase in carotenoids import shipments in 2024, with top exporting countries being the USA, China, Singapore, Netherlands, and Spain. Despite the growth, the Herfindahl-Hirschman Index (HHI) indicated low concentration in the market. The compound annual growth rate (CAGR) from 2020 to 2024 stood at a healthy 6.54%, with a notable growth rate of 19.06% in 2024 alone. This data suggests a thriving market for carotenoids in the Philippines, driven by diverse sources of supply and consistent growth trends.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Feed Carotenoids Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Feed Carotenoids Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Feed Carotenoids Market - Industry Life Cycle |
3.4 Philippines Feed Carotenoids Market - Porter's Five Forces |
3.5 Philippines Feed Carotenoids Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Feed Carotenoids Market Revenues & Volume Share, By Animal Type, 2021 & 2031F |
4 Philippines Feed Carotenoids Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Feed Carotenoids Market Trends |
6 Philippines Feed Carotenoids Market, By Types |
6.1 Philippines Feed Carotenoids Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Feed Carotenoids Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Philippines Feed Carotenoids Market Revenues & Volume, By Beta-Carotene, 2021- 2031F |
6.1.4 Philippines Feed Carotenoids Market Revenues & Volume, By Lycopene, 2021- 2031F |
6.1.5 Philippines Feed Carotenoids Market Revenues & Volume, By Lutein, 2021- 2031F |
6.1.6 Philippines Feed Carotenoids Market Revenues & Volume, By Astaxanthin, 2021- 2031F |
6.1.7 Philippines Feed Carotenoids Market Revenues & Volume, By Canthaxanthin, 2021- 2031F |
6.1.8 Philippines Feed Carotenoids Market Revenues & Volume, By Other Types, 2021- 2031F |
6.2 Philippines Feed Carotenoids Market, By Animal Type |
6.2.1 Overview and Analysis |
6.2.2 Philippines Feed Carotenoids Market Revenues & Volume, By Ruminant, 2021- 2031F |
6.2.3 Philippines Feed Carotenoids Market Revenues & Volume, By Poultry, 2021- 2031F |
6.2.4 Philippines Feed Carotenoids Market Revenues & Volume, By Swine, 2021- 2031F |
6.2.5 Philippines Feed Carotenoids Market Revenues & Volume, By Aquaculture, 2021- 2031F |
6.2.6 Philippines Feed Carotenoids Market Revenues & Volume, By Other Animal Types, 2021- 2031F |
7 Philippines Feed Carotenoids Market Import-Export Trade Statistics |
7.1 Philippines Feed Carotenoids Market Export to Major Countries |
7.2 Philippines Feed Carotenoids Market Imports from Major Countries |
8 Philippines Feed Carotenoids Market Key Performance Indicators |
9 Philippines Feed Carotenoids Market - Opportunity Assessment |
9.1 Philippines Feed Carotenoids Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Feed Carotenoids Market Opportunity Assessment, By Animal Type, 2021 & 2031F |
10 Philippines Feed Carotenoids Market - Competitive Landscape |
10.1 Philippines Feed Carotenoids Market Revenue Share, By Companies, 2024 |
10.2 Philippines Feed Carotenoids Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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