Global Carotenoids Market Size, Manufacturers, Growth Analysis Industry Forecast to 2030

Global Carotenoids Market Size, Manufacturers, Growth Analysis Industry Forecast to 2030


Summary

Carotenoids are organic pigments that are produced by plants and algae, as well as several bacteria and fungi. Carotenoids can be produced from fats and other basic organic metabolic building blocks by all these organisms. The only animals known to produce carotenoids are aphids and spider mites, which acquired the ability and genes from fungi. Carotenoids from the diet are stored in the fatty tissues of animals, and exclusively carnivorous animals obtain the compounds from animal fat.

According to APO Research, The global Carotenoids market is projected to grow from US$ million in 2024 to US$ million by 2030, at a Compound Annual Growth Rate (CAGR) of % during the forecast period.

North American market for Carotenoids is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

Asia-Pacific market for Carotenoids is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

The China market for Carotenoids is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

Europe market for Carotenoids is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

The major global manufacturers of Carotenoids include DSM, BASF, Allied Biotech, Chenguang Biotech, FMC, Dohler, Chr. Hansen, Carotech and DDW, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.

This report presents an overview of global market for Carotenoids, sales, revenue and price. Analyses of the global market trends, with historic market revenue or sales data for 2019 - 2023, estimates for 2024, and projections of CAGR through 2030.

This report researches the key producers of Carotenoids, also provides the sales of main regions and countries. Of the upcoming market potential for Carotenoids, and key regions or countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.

This report focuses on the Carotenoids sales, revenue, market share and industry ranking of main manufacturers, data from 2019 to 2024. Identification of the major stakeholders in the global Carotenoids market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

This report analyzes the segments data by Type and by Application, sales, revenue, and price, from 2019 to 2030. Evaluation and forecast the market size for Carotenoids sales, projected growth trends, production technology, application and end-user industry.

Carotenoids segment by Company

DSM
BASF
Allied Biotech
Chenguang Biotech
FMC
Dohler
Chr. Hansen
Carotech
DDW
Excelvite
Anhui Wisdom
Tian Yin
Kemin
Cyanotech
Fuji
Zhejiang NHU
Jingzhou Natural Astaxanthin
JX Nippon Oil& Energy
Alphy
Divi's Nutraceuticals
Lycored
Synthite
Carotenoids segment by Type

Astaxanthin
Zeaxanthin
Fucoxanthin
Beta Cryptoxanthin
Others
Carotenoids segment by Application

Food
Feed
Pharmaceuticals and Health Care
Cosmetics
Carotenoids segment by Region

North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

Study Objectives

1. To analyze and research the global Carotenoids status and future forecast, involving, sales, revenue, growth rate (CAGR), market share, historical and forecast.
2. To present the key manufacturers, sales, revenue, market share, and Recent Developments.
3. To split the breakdown data by regions, type, manufacturers, and Application.
4. To analyze the global and key regions Carotenoids market potential and advantage, opportunity and challenge, restraints, and risks.
5. To identify Carotenoids significant trends, drivers, influence factors in global and regions.
6. To analyze Carotenoids competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Carotenoids market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Carotenoids and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in sales and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market.
5. This report helps stakeholders to gain insights into which regions to target globally.
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Carotenoids.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Provides an overview of the Carotenoids market, including product definition, global market growth prospects, sales value, sales volume, and average price forecasts (2019-2030).
Chapter 2: Analysis key trends, drivers, challenges, and opportunities within the global Carotenoids industry.
Chapter 3: Detailed analysis of Carotenoids manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales and value of Carotenoids in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 7: Sales and value of Carotenoids in country level. It provides sigmate data by type, and by application for each country/region.
Chapter 8: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Concluding Insights.


1 Market Overview
1.1 Product Definition
1.2 Global Market Growth Prospects
1.2.1 Global Carotenoids Sales Value (2019-2030)
1.2.2 Global Carotenoids Sales Volume (2019-2030)
1.2.3 Global Carotenoids Sales Average Price (2019-2030)
1.3 Assumptions and Limitations
1.4 Study Goals and Objectives
2 Carotenoids Market Dynamics
2.1 Carotenoids Industry Trends
2.2 Carotenoids Industry Drivers
2.3 Carotenoids Industry Opportunities and Challenges
2.4 Carotenoids Industry Restraints
3 Carotenoids Market by Company
3.1 Global Carotenoids Company Revenue Ranking in 2023
3.2 Global Carotenoids Revenue by Company (2019-2024)
3.3 Global Carotenoids Sales Volume by Company (2019-2024)
3.4 Global Carotenoids Average Price by Company (2019-2024)
3.5 Global Carotenoids Company Ranking, 2022 VS 2023 VS 2024
3.6 Global Carotenoids Company Manufacturing Base & Headquarters
3.7 Global Carotenoids Company, Product Type & Application
3.8 Global Carotenoids Company Commercialization Time
3.9 Market Competitive Analysis
3.9.1 Global Carotenoids Market CR5 and HHI
3.9.2 Global Top 5 and 10 Company Market Share by Revenue in 2023
3.9.3 2023 Carotenoids Tier 1, Tier 2, and Tier
3.10 Mergers & Acquisitions, Expansion
4 Carotenoids Market by Type
4.1 Carotenoids Type Introduction
4.1.1 Astaxanthin
4.1.2 Zeaxanthin
4.1.3 Fucoxanthin
4.1.4 Beta Cryptoxanthin
4.1.5 Others
4.2 Global Carotenoids Sales Volume by Type
4.2.1 Global Carotenoids Sales Volume by Type (2019 VS 2023 VS 2030)
4.2.2 Global Carotenoids Sales Volume by Type (2019-2030)
4.2.3 Global Carotenoids Sales Volume Share by Type (2019-2030)
4.3 Global Carotenoids Sales Value by Type
4.3.1 Global Carotenoids Sales Value by Type (2019 VS 2023 VS 2030)
4.3.2 Global Carotenoids Sales Value by Type (2019-2030)
4.3.3 Global Carotenoids Sales Value Share by Type (2019-2030)
5 Carotenoids Market by Application
5.1 Carotenoids Application Introduction
5.1.1 Food
5.1.2 Feed
5.1.3 Pharmaceuticals and Health Care
5.1.4 Cosmetics
5.2 Global Carotenoids Sales Volume by Application
5.2.1 Global Carotenoids Sales Volume by Application (2019 VS 2023 VS 2030)
5.2.2 Global Carotenoids Sales Volume by Application (2019-2030)
5.2.3 Global Carotenoids Sales Volume Share by Application (2019-2030)
5.3 Global Carotenoids Sales Value by Application
5.3.1 Global Carotenoids Sales Value by Application (2019 VS 2023 VS 2030)
5.3.2 Global Carotenoids Sales Value by Application (2019-2030)
5.3.3 Global Carotenoids Sales Value Share by Application (2019-2030)
6 Carotenoids Market by Region
6.1 Global Carotenoids Sales by Region: 2019 VS 2023 VS 2030
6.2 Global Carotenoids Sales by Region (2019-2030)
6.2.1 Global Carotenoids Sales by Region: 2019-2024
6.2.2 Global Carotenoids Sales by Region (2025-2030)
6.3 Global Carotenoids Sales Value by Region: 2019 VS 2023 VS 2030
6.4 Global Carotenoids Sales Value by Region (2019-2030)
6.4.1 Global Carotenoids Sales Value by Region: 2019-2024
6.4.2 Global Carotenoids Sales Value by Region (2025-2030)
6.5 Global Carotenoids Market Price Analysis by Region (2019-2024)
6.6 North America
6.6.1 North America Carotenoids Sales Value (2019-2030)
6.6.2 North America Carotenoids Sales Value Share by Country, 2023 VS 2030
6.7 Europe
6.7.1 Europe Carotenoids Sales Value (2019-2030)
6.7.2 Europe Carotenoids Sales Value Share by Country, 2023 VS 2030
6.8 Asia-Pacific
6.8.1 Asia-Pacific Carotenoids Sales Value (2019-2030)
6.8.2 Asia-Pacific Carotenoids Sales Value Share by Country, 2023 VS 2030
6.9 Latin America
6.9.1 Latin America Carotenoids Sales Value (2019-2030)
6.9.2 Latin America Carotenoids Sales Value Share by Country, 2023 VS 2030
6.10 Middle East & Africa
6.10.1 Middle East & Africa Carotenoids Sales Value (2019-2030)
6.10.2 Middle East & Africa Carotenoids Sales Value Share by Country, 2023 VS 2030
7 Carotenoids Market by Country
7.1 Global Carotenoids Sales by Country: 2019 VS 2023 VS 2030
7.2 Global Carotenoids Sales Value by Country: 2019 VS 2023 VS 2030
7.3 Global Carotenoids Sales by Country (2019-2030)
7.3.1 Global Carotenoids Sales by Country (2019-2024)
7.3.2 Global Carotenoids Sales by Country (2025-2030)
7.4 Global Carotenoids Sales Value by Country (2019-2030)
7.4.1 Global Carotenoids Sales Value by Country (2019-2024)
7.4.2 Global Carotenoids Sales Value by Country (2025-2030)
7.5 USA
7.5.1 Global Carotenoids Sales Value Growth Rate (2019-2030)
7.5.2 Global Carotenoids Sales Value Share by Type, 2023 VS 2030
7.5.3 Global Carotenoids Sales Value Share by Application, 2023 VS 2030
7.6 Canada
7.6.1 Global Carotenoids Sales Value Growth Rate (2019-2030)
7.6.2 Global Carotenoids Sales Value Share by Type, 2023 VS 2030
7.6.3 Global Carotenoids Sales Value Share by Application, 2023 VS 2030
7.7 Germany
7.7.1 Global Carotenoids Sales Value Growth Rate (2019-2030)
7.7.2 Global Carotenoids Sales Value Share by Type, 2023 VS 2030
7.7.3 Global Carotenoids Sales Value Share by Application, 2023 VS 2030
7.8 France
7.8.1 Global Carotenoids Sales Value Growth Rate (2019-2030)
7.8.2 Global Carotenoids Sales Value Share by Type, 2023 VS 2030
7.8.3 Global Carotenoids Sales Value Share by Application, 2023 VS 2030
7.9 U.K.
7.9.1 Global Carotenoids Sales Value Growth Rate (2019-2030)
7.9.2 Global Carotenoids Sales Value Share by Type, 2023 VS 2030
7.9.3 Global Carotenoids Sales Value Share by Application, 2023 VS 2030
7.10 Italy
7.10.1 Global Carotenoids Sales Value Growth Rate (2019-2030)
7.10.2 Global Carotenoids Sales Value Share by Type, 2023 VS 2030
7.10.3 Global Carotenoids Sales Value Share by Application, 2023 VS 2030
7.11 Netherlands
7.11.1 Global Carotenoids Sales Value Growth Rate (2019-2030)
7.11.2 Global Carotenoids Sales Value Share by Type, 2023 VS 2030
7.11.3 Global Carotenoids Sales Value Share by Application, 2023 VS 2030
7.12 Nordic Countries
7.12.1 Global Carotenoids Sales Value Growth Rate (2019-2030)
7.12.2 Global Carotenoids Sales Value Share by Type, 2023 VS 2030
7.12.3 Global Carotenoids Sales Value Share by Application, 2023 VS 2030
7.13 China
7.13.1 Global Carotenoids Sales Value Growth Rate (2019-2030)
7.13.2 Global Carotenoids Sales Value Share by Type, 2023 VS 2030
7.13.3 Global Carotenoids Sales Value Share by Application, 2023 VS 2030
7.14 Japan
7.14.1 Global Carotenoids Sales Value Growth Rate (2019-2030)
7.14.2 Global Carotenoids Sales Value Share by Type, 2023 VS 2030
7.14.3 Global Carotenoids Sales Value Share by Application, 2023 VS 2030
7.15 South Korea
7.15.1 Global Carotenoids Sales Value Growth Rate (2019-2030)
7.15.2 Global Carotenoids Sales Value Share by Type, 2023 VS 2030
7.15.3 Global Carotenoids Sales Value Share by Application, 2023 VS 2030
7.16 Southeast Asia
7.16.1 Global Carotenoids Sales Value Growth Rate (2019-2030)
7.16.2 Global Carotenoids Sales Value Share by Type, 2023 VS 2030
7.16.3 Global Carotenoids Sales Value Share by Application, 2023 VS 2030
7.17 India
7.17.1 Global Carotenoids Sales Value Growth Rate (2019-2030)
7.17.2 Global Carotenoids Sales Value Share by Type, 2023 VS 2030
7.17.3 Global Carotenoids Sales Value Share by Application, 2023 VS 2030
7.18 Australia
7.18.1 Global Carotenoids Sales Value Growth Rate (2019-2030)
7.18.2 Global Carotenoids Sales Value Share by Type, 2023 VS 2030
7.18.3 Global Carotenoids Sales Value Share by Application, 2023 VS 2030
7.19 Mexico
7.19.1 Global Carotenoids Sales Value Growth Rate (2019-2030)
7.19.2 Global Carotenoids Sales Value Share by Type, 2023 VS 2030
7.19.3 Global Carotenoids Sales Value Share by Application, 2023 VS 2030
7.20 Brazil
7.20.1 Global Carotenoids Sales Value Growth Rate (2019-2030)
7.20.2 Global Carotenoids Sales Value Share by Type, 2023 VS 2030
7.20.3 Global Carotenoids Sales Value Share by Application, 2023 VS 2030
7.21 Turkey
7.21.1 Global Carotenoids Sales Value Growth Rate (2019-2030)
7.21.2 Global Carotenoids Sales Value Share by Type, 2023 VS 2030
7.21.3 Global Carotenoids Sales Value Share by Application, 2023 VS 2030
7.22 Saudi Arabia
7.22.1 Global Carotenoids Sales Value Growth Rate (2019-2030)
7.22.2 Global Carotenoids Sales Value Share by Type, 2023 VS 2030
7.22.3 Global Carotenoids Sales Value Share by Application, 2023 VS 2030
7.23 UAE
7.23.1 Global Carotenoids Sales Value Growth Rate (2019-2030)
7.23.2 Global Carotenoids Sales Value Share by Type, 2023 VS 2030
7.23.3 Global Carotenoids Sales Value Share by Application, 2023 VS 2030
8 Company Profiles
8.1 DSM
8.1.1 DSM Comapny Information
8.1.2 DSM Business Overview
8.1.3 DSM Carotenoids Sales, Value and Gross Margin (2019-2024)
8.1.4 DSM Carotenoids Product Portfolio
8.1.5 DSM Recent Developments
8.2 BASF
8.2.1 BASF Comapny Information
8.2.2 BASF Business Overview
8.2.3 BASF Carotenoids Sales, Value and Gross Margin (2019-2024)
8.2.4 BASF Carotenoids Product Portfolio
8.2.5 BASF Recent Developments
8.3 Allied Biotech
8.3.1 Allied Biotech Comapny Information
8.3.2 Allied Biotech Business Overview
8.3.3 Allied Biotech Carotenoids Sales, Value and Gross Margin (2019-2024)
8.3.4 Allied Biotech Carotenoids Product Portfolio
8.3.5 Allied Biotech Recent Developments
8.4 Chenguang Biotech
8.4.1 Chenguang Biotech Comapny Information
8.4.2 Chenguang Biotech Business Overview
8.4.3 Chenguang Biotech Carotenoids Sales, Value and Gross Margin (2019-2024)
8.4.4 Chenguang Biotech Carotenoids Product Portfolio
8.4.5 Chenguang Biotech Recent Developments
8.5 FMC
8.5.1 FMC Comapny Information
8.5.2 FMC Business Overview
8.5.3 FMC Carotenoids Sales, Value and Gross Margin (2019-2024)
8.5.4 FMC Carotenoids Product Portfolio
8.5.5 FMC Recent Developments
8.6 Dohler
8.6.1 Dohler Comapny Information
8.6.2 Dohler Business Overview
8.6.3 Dohler Carotenoids Sales, Value and Gross Margin (2019-2024)
8.6.4 Dohler Carotenoids Product Portfolio
8.6.5 Dohler Recent Developments
8.7 Chr. Hansen
8.7.1 Chr. Hansen Comapny Information
8.7.2 Chr. Hansen Business Overview
8.7.3 Chr. Hansen Carotenoids Sales, Value and Gross Margin (2019-2024)
8.7.4 Chr. Hansen Carotenoids Product Portfolio
8.7.5 Chr. Hansen Recent Developments
8.8 Carotech
8.8.1 Carotech Comapny Information
8.8.2 Carotech Business Overview
8.8.3 Carotech Carotenoids Sales, Value and Gross Margin (2019-2024)
8.8.4 Carotech Carotenoids Product Portfolio
8.8.5 Carotech Recent Developments
8.9 DDW
8.9.1 DDW Comapny Information
8.9.2 DDW Business Overview
8.9.3 DDW Carotenoids Sales, Value and Gross Margin (2019-2024)
8.9.4 DDW Carotenoids Product Portfolio
8.9.5 DDW Recent Developments
8.10 Excelvite
8.10.1 Excelvite Comapny Information
8.10.2 Excelvite Business Overview
8.10.3 Excelvite Carotenoids Sales, Value and Gross Margin (2019-2024)
8.10.4 Excelvite Carotenoids Product Portfolio
8.10.5 Excelvite Recent Developments
8.11 Anhui Wisdom
8.11.1 Anhui Wisdom Comapny Information
8.11.2 Anhui Wisdom Business Overview
8.11.3 Anhui Wisdom Carotenoids Sales, Value and Gross Margin (2019-2024)
8.11.4 Anhui Wisdom Carotenoids Product Portfolio
8.11.5 Anhui Wisdom Recent Developments
8.12 Tian Yin
8.12.1 Tian Yin Comapny Information
8.12.2 Tian Yin Business Overview
8.12.3 Tian Yin Carotenoids Sales, Value and Gross Margin (2019-2024)
8.12.4 Tian Yin Carotenoids Product Portfolio
8.12.5 Tian Yin Recent Developments
8.13 Kemin
8.13.1 Kemin Comapny Information
8.13.2 Kemin Business Overview
8.13.3 Kemin Carotenoids Sales, Value and Gross Margin (2019-2024)
8.13.4 Kemin Carotenoids Product Portfolio
8.13.5 Kemin Recent Developments
8.14 Cyanotech
8.14.1 Cyanotech Comapny Information
8.14.2 Cyanotech Business Overview
8.14.3 Cyanotech Carotenoids Sales, Value and Gross Margin (2019-2024)
8.14.4 Cyanotech Carotenoids Product Portfolio
8.14.5 Cyanotech Recent Developments
8.15 Fuji
8.15.1 Fuji Comapny Information
8.15.2 Fuji Business Overview
8.15.3 Fuji Carotenoids Sales, Value and Gross Margin (2019-2024)
8.15.4 Fuji Carotenoids Product Portfolio
8.15.5 Fuji Recent Developments
8.16 Zhejiang NHU
8.16.1 Zhejiang NHU Comapny Information
8.16.2 Zhejiang NHU Business Overview
8.16.3 Zhejiang NHU Carotenoids Sales, Value and Gross Margin (2019-2024)
8.16.4 Zhejiang NHU Carotenoids Product Portfolio
8.16.5 Zhejiang NHU Recent Developments
8.17 Jingzhou Natural Astaxanthin
8.17.1 Jingzhou Natural Astaxanthin Comapny Information
8.17.2 Jingzhou Natural Astaxanthin Business Overview
8.17.3 Jingzhou Natural Astaxanthin Carotenoids Sales, Value and Gross Margin (2019-2024)
8.17.4 Jingzhou Natural Astaxanthin Carotenoids Product Portfolio
8.17.5 Jingzhou Natural Astaxanthin Recent Developments
8.18 JX Nippon Oil& Energy
8.18.1 JX Nippon Oil& Energy Comapny Information
8.18.2 JX Nippon Oil& Energy Business Overview
8.18.3 JX Nippon Oil& Energy Carotenoids Sales, Value and Gross Margin (2019-2024)
8.18.4 JX Nippon Oil& Energy Carotenoids Product Portfolio
8.18.5 JX Nippon Oil& Energy Recent Developments
8.19 Alphy
8.19.1 Alphy Comapny Information
8.19.2 Alphy Business Overview
8.19.3 Alphy Carotenoids Sales, Value and Gross Margin (2019-2024)
8.19.4 Alphy Carotenoids Product Portfolio
8.19.5 Alphy Recent Developments
8.20 Divi's Nutraceuticals
8.20.1 Divi's Nutraceuticals Comapny Information
8.20.2 Divi's Nutraceuticals Business Overview
8.20.3 Divi's Nutraceuticals Carotenoids Sales, Value and Gross Margin (2019-2024)
8.20.4 Divi's Nutraceuticals Carotenoids Product Portfolio
8.20.5 Divi's Nutraceuticals Recent Developments
8.21 Lycored
8.21.1 Lycored Comapny Information
8.21.2 Lycored Business Overview
8.21.3 Lycored Carotenoids Sales, Value and Gross Margin (2019-2024)
8.21.4 Lycored Carotenoids Product Portfolio
8.21.5 Lycored Recent Developments
8.22 Synthite
8.22.1 Synthite Comapny Information
8.22.2 Synthite Business Overview
8.22.3 Synthite Carotenoids Sales, Value and Gross Margin (2019-2024)
8.22.4 Synthite Carotenoids Product Portfolio
8.22.5 Synthite Recent Developments
9 Value Chain and Sales Channels Analysis
9.1 Carotenoids Value Chain Analysis
9.1.1 Carotenoids Key Raw Materials
9.1.2 Raw Materials Key Suppliers
9.1.3 Manufacturing Cost Structure
9.1.4 Carotenoids Sales Mode & Process
9.2 Carotenoids Sales Channels Analysis
9.2.1 Direct Comparison with Distribution Share
9.2.2 Carotenoids Distributors
9.2.3 Carotenoids Customers
10 Concluding Insights
11 Appendix
11.1 Reasons for Doing This Study
11.2 Research Methodology
11.3 Research Process
11.4 Authors List of This Report
11.5 Data Source
11.5.1 Secondary Sources
11.5.2 Primary Sources

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