Carotenoids Market Synopsis

Carotenoids Market Size Was Valued at USD 1.80 Billion in 2023 and is Projected to Reach USD 2.70 Billion by 2032, Growing at a CAGR of 4.61% From 2024-2032.

Carotenoids are hydrophilic colorants blended by plants, fungi, algae, and bacteria. In plants, carotenoids contribute to the photosynthetic functions and defend them as anti-photodamage, in addition to supporting the production of phytohormones. As pigments, they are at fault for the red, orange, pink, and yellow colors of the leaves of plants, fruits, vegetables, and some birds, insects, fish, and crustaceans. About 750 types of carotenoids have been recognized in nature, but only about 100 are present in detectable amounts within the human diet. From 30 and 40 carotenoids have been discovered in human blood samples and the six most massive carotenoids are made of around 95% of the carotenoids discovered in blood plasma such as lycopene, lutein, β-carotene, β-cryptoxanthin, α-carotene, and zeaxanthin.

• The Carotenoids market's expansion is the growing awareness and demand for natural and healthy ingredients in the food and beverage sector. Consumers are increasingly seeking products that provide nutritional benefits, and carotenoids, being potent antioxidants and precursors to vitamin A, fit the bill perfectly. Their incorporation into a wide range of food products not only enhances the visual appeal but also contributes to the overall nutritional value.
• Additionally, the rising trend of clean-label products has spurred the utilization of carotenoids as natural colorants in the food industry. With consumers becoming more discerning about the origin and composition of the products they consume, the use of carotenoids as natural colorants offers a sustainable and health-conscious alternative to synthetic counterparts.
• In the pharmaceutical and nutraceutical sectors, carotenoids are gaining traction due to their proven health benefits. Research highlighting their role in promoting eye health, supporting the immune system, and exhibiting anti-inflammatory properties has fueled their incorporation into dietary supplements. This increasing recognition of carotenoids as functional ingredients has further propelled market growth.

Carotenoids Market Trend Analysis

Growing Consumer Consciousness Regarding Health Benefits from Carotenoid Intake

• Growing consumer consciousness regarding health benefits from carotenoid intake is probable to turn market demand. Rising the prevalence of lifestyle and early age problems in the present generation is motivating the consumers to consume naturally derived food ingredients. In addition, the market also stands to benefit from the innovations in biotechnological processes that help the industrial production of natural carotenoids. ​

• Alternative treatment methods asides from allelopathic products for diabetes, eye disorders, and many lifestyle diseases are observing the vigorous popularity of carotenoids. Inhibitory medicine is the buzzword that has motivated producers and processors to come up with nutraceuticals such as dietary supplements and functional foods that utilized natural ingredients. Geriatric nutrition is one of the major sectors for carotenes due to its high antioxidant potential as they protect against oxidative stress, especially attributed to aging processes, pollution, and others. Thus, owing these all factors lead to the growth of the market during the forecast period. ​
• Switching consumer preference for ingredients that help health functions such as bone density and immunity will give new avenues for product penetration. Rising demand for antioxidants, micronutrients, and vitamins will propel product adoption all over myriad end-use sectors. Furthermore, the growing demand for natural food colors such as lycopene and beta-carotene will further accelerate overall market growth.

High Demand for Supplements and Nutritional Products Among the Youth

• Carotenoids are organic pigments found in plants, algae, and photosynthetic bacteria, and they play a crucial role in providing vibrant colors to various fruits and vegetables. Additionally, some carotenoids, such as beta-carotene, have been recognized for their potential health benefits, making them a valuable component in the formulation of dietary supplements and nutritional products.   
• Young consumers are becoming more conscious of their lifestyles and are actively seeking ways to improve their overall well-being. Carotenoids, being natural antioxidants, have been associated with various health benefits, including immune system support, skin health, and vision protection. As a result, the youth demographic is increasingly turning to supplements containing carotenoids to enhance their nutritional intake and address potential health concerns.
• Moreover, the rise of fitness and sports culture among the youth has fueled the demand for nutritional products that can support physical performance and recovery. Carotenoids, with their potential anti-inflammatory properties and contribution to cellular health, align with the needs of individuals engaged in active lifestyles. Products catering to this demographic often include carotenoids to address the nutritional requirements of those looking to optimize their fitness goals.

Carotenoids Market Segment Analysis:

Carotenoids Market Segmented on the basis of type, source, and application.

By Type, Astaxanthin segment is expected to dominate the market during the forecast period

• Based on Type, the lutein segment accounted for the largest market share during the forecast period. Astaxanthin is a naturally occurring red pigment found in microalgae, plants, and seafood, and it is particularly known for its potent antioxidant capabilities. As consumers become increasingly health-conscious, there is a growing demand for natural antioxidants that can combat oxidative stress and inflammation. Astaxanthin's superior antioxidant power compared to other carotenoids, such as beta-carotene or lutein, is driving its popularity in various industries, including pharmaceuticals, cosmetics, and food supplements.

By Application, Animal Feed segment held the largest share of 54.24% in 2022

• Based on Application, animal feed is projected to account for the largest share in the market over the forecast period. Carotenoids are highly utilized in animal nutrition products owing to their coloring characteristics and are integrated into feed to pigment the egg yolks, broiler skin, fishes, and crustaceans. These also support enhancing immunity and increasing the health of livestock by boosting the quality of feed. The prolificacy of cattle, swine, and horses can be enhanced by feeding beta-carotene, whereas astaxanthin and canthaxanthin help in boosting the growth of salmons and larval fishes.

Carotenoids Market Regional Insights:

Europe is Expected to Dominate the Market Over the Forecast period

• Europe region is dominating the market during the forecast period owing to the huge application of carotenoids in animal feed sectors and also well-established personal care and cosmetics industry all over the region are key factors that drive the market growth. Additionally, these are also high preferring for food coloring ingredients in the European market.
• The Asia Pacific is projected to high growth rate for the carotenoids market due to the higher application of these additives in the feed, supplement, food, pharmaceutical, and cosmetic sectors. The industry is expected to be driven by technological innovations, industrial growth, economic growth, and low manufacturing costs in economies such as China, Japan, and India. In addition, an increasing middle-class population, educational development, and growing disposable incomes in the region have led to growing consumer consciousness about the health benefits of dietary supplements. Furthermore, the presence of key pharmaceutical players such as Dr. Reddy's Laboratories, Cipla, Sun Pharmaceutical, GSK, Roche, and Novo Nordisk will further help in market developments.

Carotenoids Market Top Key Players:

• Allied Biotech (Taiwan)
• BASF SE (Germany)
• Dohler GmbH (Germany)
• FMC Corporation (USA)
• Sensient Technologies (USA)
• Chr Hansen Holdings A/S (Denmark)
• Kemin Industries (USA)
• Algatech Tech (Israel)
• Novus International Inc. (USA)
• DDW The Color House (USA)
• Lycored Ltd (Israel)
• Fuji Chemical Industry Co. Ltd. (Japan)
• E.I.D. Parry (India)
• Divi's Laboratories (India)
• Farbest Brands (USA)
• Deinove SAS (France)
• Lonza  (Switzerland)
• Kerry Group Plc (Ireland)

Key Industry Developments in the Carotenoids Market:

• In February 2023: Dutch multinational Royal DSM acquired Verdure Nutrition, a leading natural astaxanthin producer. This acquisition strengthened DSM's carotenoid portfolio and expanded its reach in the dietary supplement and food & and beverage markets.
• In July 2023: Chr. Hansen, a leading Danish bioscience company, merged with BI Nutraceuticals, a US-based carotenoid producer. This merger created a global leader in natural colors and nutritional ingredients, with a strong presence in carotenoids like beta-carotene and lutein.

1. INTRODUCTION
   1. RESEARCH OBJECTIVES
   2. RESEARCH METHODOLOGY
   3. RESEARCH PROCESS
   4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
   5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
   1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
   2. INDUSTRY VALUE CHAIN ANALYSIS
   3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   4. MARKET TREND ANALYSIS
   5. REGULATORY LANDSCAPE
   6. PESTLE ANALYSIS
   7. PRICE TREND ANALYSIS
   8. PATENT ANALYSIS
   9. TECHNOLOGY EVALUATION
   10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
       1. Geopolitical Market Disruptions
       2. Supply Chain Disruptions
       3. Instability in Emerging Markets
   11. ECOSYSTEM
6. CAROTENOIDS MARKET BY TYPE (2017-2032)
   1. CAROTENOIDS MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. ASTAXANTHIN
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. BETA-CAROTENE
   5. CANTHAXANTHIN
   6. CAPSANTHIN
7. CAROTENOIDS MARKET BY SOURCE (2017-2032)
   1. CAROTENOIDS MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. SYNTHETIC
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. NATURAL
8. CAROTENOIDS MARKET BY APPLICATION (2017-2032)
   1. CAROTENOIDS MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. ANIMAL FEED
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. FOOD & BEVERAGES
   5. PERSONAL CARE & COSMETICS
   6. DIETARY SUPPLEMENTS
   7. PHARMACEUTICALS
9. COMPANY PROFILES AND COMPETITIVE ANALYSIS
   1. COMPETITIVE LANDSCAPE
      1. Competitive Positioning
      2. CAROTENOIDS Market Share By Manufacturer (2023)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
   2. ALLIED BIOTECH (TAIWAN)
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
   3. BASF SE (GERMANY)
   4. DOHLER GMBH (GERMANY)
   5. FMC CORPORATION (USA)
   6. SENSIENT TECHNOLOGIES (USA)
   7. CHR HANSEN HOLDINGS A/S (DENMARK)
   8. KEMIN INDUSTRIES (USA)
   9. ALGATECH TECH (ISRAEL)
   10. NOVUS INTERNATIONAL INC. (USA)
   11. DDW THE COLOR HOUSE (USA)
   12. LYCORED LTD (ISRAEL)
   13. FUJI CHEMICAL INDUSTRY CO. LTD. (JAPAN)
   14. E.I.D. PARRY (INDIA)
   15. DIVI'S LABORATORIES (INDIA)
   16. FARBEST BRANDS (USA)
   17. DEINOVE SAS (FRANCE)
   18. LONZA (SWITZERLAND)
   19. KERRY GROUP PLC (IRELAND)
   20. CHR. HANSEN HOLDING A/S (DENMARK)
10. GLOBAL CAROTENOIDS MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Type
       4. Historic And Forecasted Market Size By Source
       5. Historic And Forecasted Market Size By Application
       6. Historic And Forecasted Market Size By Country
          1. USA
          2. Canada
          3. Mexico
    3. EASTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Russia
          2. Bulgaria
          3. The Czech Republic
          4. Hungary
          5. Poland
          6. Romania
          7. Rest Of Eastern Europe
    4. WESTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Germany
          2. United Kingdom
          3. France
          4. The Netherlands
          5. Italy
          6. Spain
          7. Rest Of Western Europe
    5. ASIA PACIFIC
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. China
          2. India
          3. Japan
          4. South Korea
          5. Malaysia
          6. Thailand
          7. Vietnam
          8. The Philippines
          9. Australia
          10. New-Zealand
          11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Turkey
          2. Bahrain
          3. Kuwait
          4. Saudi Arabia
          5. Qatar
          6. UAE
          7. Israel
          8. South Africa
    7. SOUTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Brazil
          2. Argentina
          3. Rest of South America
11. INVESTMENT ANALYSIS
12. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. CAROTENOIDS MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. CAROTENOIDS MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. CAROTENOIDS MARKET COMPETITIVE RIVALRY
TABLE 005. CAROTENOIDS MARKET THREAT OF NEW ENTRANTS
TABLE 006. CAROTENOIDS MARKET THREAT OF SUBSTITUTES
TABLE 007. CAROTENOIDS MARKET BY TYPE
TABLE 008. ASTAXANTHIN MARKET OVERVIEW (2016-2028)
TABLE 009. BETA-CAROTENE MARKET OVERVIEW (2016-2028)
TABLE 010. CANTHAXANTHIN MARKET OVERVIEW (2016-2028)
TABLE 011. CAPSANTHIN MARKET OVERVIEW (2016-2028)
TABLE 012. ZEAXANTHIN MARKET OVERVIEW (2016-2028)
TABLE 013. LUTEIN MARKET OVERVIEW (2016-2028)
TABLE 014. LYCOPENE MARKET OVERVIEW (2016-2028)
TABLE 015. AND OTHERS MARKET OVERVIEW (2016-2028)
TABLE 016. CAROTENOIDS MARKET BY SOURCE
TABLE 017. SYNTHETIC MARKET OVERVIEW (2016-2028)
TABLE 018. NATURAL MARKET OVERVIEW (2016-2028)
TABLE 019. CAROTENOIDS MARKET BY APPLICATION
TABLE 020. FOOD AND BEVERAGES MARKET OVERVIEW (2016-2028)
TABLE 021. ANIMAL FEED MARKET OVERVIEW (2016-2028)
TABLE 022. PERSONAL CARE AND COSMETICS MARKET OVERVIEW (2016-2028)
TABLE 023. DIETARY SUPPLEMENTS MARKET OVERVIEW (2016-2028)
TABLE 024. AND PHARMACEUTICALS MARKET OVERVIEW (2016-2028)
TABLE 025. NORTH AMERICA CAROTENOIDS MARKET, BY TYPE (2016-2028)
TABLE 026. NORTH AMERICA CAROTENOIDS MARKET, BY SOURCE (2016-2028)
TABLE 027. NORTH AMERICA CAROTENOIDS MARKET, BY APPLICATION (2016-2028)
TABLE 028. N CAROTENOIDS MARKET, BY COUNTRY (2016-2028)
TABLE 029. EUROPE CAROTENOIDS MARKET, BY TYPE (2016-2028)
TABLE 030. EUROPE CAROTENOIDS MARKET, BY SOURCE (2016-2028)
TABLE 031. EUROPE CAROTENOIDS MARKET, BY APPLICATION (2016-2028)
TABLE 032. CAROTENOIDS MARKET, BY COUNTRY (2016-2028)
TABLE 033. ASIA PACIFIC CAROTENOIDS MARKET, BY TYPE (2016-2028)
TABLE 034. ASIA PACIFIC CAROTENOIDS MARKET, BY SOURCE (2016-2028)
TABLE 035. ASIA PACIFIC CAROTENOIDS MARKET, BY APPLICATION (2016-2028)
TABLE 036. CAROTENOIDS MARKET, BY COUNTRY (2016-2028)
TABLE 037. MIDDLE EAST & AFRICA CAROTENOIDS MARKET, BY TYPE (2016-2028)
TABLE 038. MIDDLE EAST & AFRICA CAROTENOIDS MARKET, BY SOURCE (2016-2028)
TABLE 039. MIDDLE EAST & AFRICA CAROTENOIDS MARKET, BY APPLICATION (2016-2028)
TABLE 040. CAROTENOIDS MARKET, BY COUNTRY (2016-2028)
TABLE 041. SOUTH AMERICA CAROTENOIDS MARKET, BY TYPE (2016-2028)
TABLE 042. SOUTH AMERICA CAROTENOIDS MARKET, BY SOURCE (2016-2028)
TABLE 043. SOUTH AMERICA CAROTENOIDS MARKET, BY APPLICATION (2016-2028)
TABLE 044. CAROTENOIDS MARKET, BY COUNTRY (2016-2028)
TABLE 045. ALLIED BIOTECH: SNAPSHOT
TABLE 046. ALLIED BIOTECH: BUSINESS PERFORMANCE
TABLE 047. ALLIED BIOTECH: PRODUCT PORTFOLIO
TABLE 048. ALLIED BIOTECH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 048. BASF SE: SNAPSHOT
TABLE 049. BASF SE: BUSINESS PERFORMANCE
TABLE 050. BASF SE: PRODUCT PORTFOLIO
TABLE 051. BASF SE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 051. DOHLER GMBH: SNAPSHOT
TABLE 052. DOHLER GMBH: BUSINESS PERFORMANCE
TABLE 053. DOHLER GMBH: PRODUCT PORTFOLIO
TABLE 054. DOHLER GMBH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 054. FMC CORPORATION: SNAPSHOT
TABLE 055. FMC CORPORATION: BUSINESS PERFORMANCE
TABLE 056. FMC CORPORATION: PRODUCT PORTFOLIO
TABLE 057. FMC CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 057. SENSIENT TECHNOLOGIES: SNAPSHOT
TABLE 058. SENSIENT TECHNOLOGIES: BUSINESS PERFORMANCE
TABLE 059. SENSIENT TECHNOLOGIES: PRODUCT PORTFOLIO
TABLE 060. SENSIENT TECHNOLOGIES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 060. CHR HANSEN HOLDINGS A/S: SNAPSHOT
TABLE 061. CHR HANSEN HOLDINGS A/S: BUSINESS PERFORMANCE
TABLE 062. CHR HANSEN HOLDINGS A/S: PRODUCT PORTFOLIO
TABLE 063. CHR HANSEN HOLDINGS A/S: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 063. KEMIN INDUSTRIES: SNAPSHOT
TABLE 064. KEMIN INDUSTRIES: BUSINESS PERFORMANCE
TABLE 065. KEMIN INDUSTRIES: PRODUCT PORTFOLIO
TABLE 066. KEMIN INDUSTRIES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 066. ALGATECH TECH: SNAPSHOT
TABLE 067. ALGATECH TECH: BUSINESS PERFORMANCE
TABLE 068. ALGATECH TECH: PRODUCT PORTFOLIO
TABLE 069. ALGATECH TECH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 069. NOVUS INTERNATIONAL INC.: SNAPSHOT
TABLE 070. NOVUS INTERNATIONAL INC.: BUSINESS PERFORMANCE
TABLE 071. NOVUS INTERNATIONAL INC.: PRODUCT PORTFOLIO
TABLE 072. NOVUS INTERNATIONAL INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 072. DDW THE COLOR HOUSE: SNAPSHOT
TABLE 073. DDW THE COLOR HOUSE: BUSINESS PERFORMANCE
TABLE 074. DDW THE COLOR HOUSE: PRODUCT PORTFOLIO
TABLE 075. DDW THE COLOR HOUSE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 075. LYCORED LTD: SNAPSHOT
TABLE 076. LYCORED LTD: BUSINESS PERFORMANCE
TABLE 077. LYCORED LTD: PRODUCT PORTFOLIO
TABLE 078. LYCORED LTD: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 078. FUJI CHEMICAL INDUSTRY CO. LTD.: SNAPSHOT
TABLE 079. FUJI CHEMICAL INDUSTRY CO. LTD.: BUSINESS PERFORMANCE
TABLE 080. FUJI CHEMICAL INDUSTRY CO. LTD.: PRODUCT PORTFOLIO
TABLE 081. FUJI CHEMICAL INDUSTRY CO. LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 081. E.I.D. PARRY: SNAPSHOT
TABLE 082. E.I.D. PARRY: BUSINESS PERFORMANCE
TABLE 083. E.I.D. PARRY: PRODUCT PORTFOLIO
TABLE 084. E.I.D. PARRY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 084. DIVI'S LABORATORIES: SNAPSHOT
TABLE 085. DIVI'S LABORATORIES: BUSINESS PERFORMANCE
TABLE 086. DIVI'S LABORATORIES: PRODUCT PORTFOLIO
TABLE 087. DIVI'S LABORATORIES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 087. FARBEST BRANDS: SNAPSHOT
TABLE 088. FARBEST BRANDS: BUSINESS PERFORMANCE
TABLE 089. FARBEST BRANDS: PRODUCT PORTFOLIO
TABLE 090. FARBEST BRANDS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 090. DEINOVE SAS: SNAPSHOT
TABLE 091. DEINOVE SAS: BUSINESS PERFORMANCE
TABLE 092. DEINOVE SAS: PRODUCT PORTFOLIO
TABLE 093. DEINOVE SAS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. CAROTENOIDS MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. CAROTENOIDS MARKET OVERVIEW BY TYPE
FIGURE 012. ASTAXANTHIN MARKET OVERVIEW (2016-2028)
FIGURE 013. BETA-CAROTENE MARKET OVERVIEW (2016-2028)
FIGURE 014. CANTHAXANTHIN MARKET OVERVIEW (2016-2028)
FIGURE 015. CAPSANTHIN MARKET OVERVIEW (2016-2028)
FIGURE 016. ZEAXANTHIN MARKET OVERVIEW (2016-2028)
FIGURE 017. LUTEIN MARKET OVERVIEW (2016-2028)
FIGURE 018. LYCOPENE MARKET OVERVIEW (2016-2028)
FIGURE 019. AND OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 020. CAROTENOIDS MARKET OVERVIEW BY SOURCE
FIGURE 021. SYNTHETIC MARKET OVERVIEW (2016-2028)
FIGURE 022. NATURAL MARKET OVERVIEW (2016-2028)
FIGURE 023. CAROTENOIDS MARKET OVERVIEW BY APPLICATION
FIGURE 024. FOOD AND BEVERAGES MARKET OVERVIEW (2016-2028)
FIGURE 025. ANIMAL FEED MARKET OVERVIEW (2016-2028)
FIGURE 026. PERSONAL CARE AND COSMETICS MARKET OVERVIEW (2016-2028)
FIGURE 027. DIETARY SUPPLEMENTS MARKET OVERVIEW (2016-2028)
FIGURE 028. AND PHARMACEUTICALS MARKET OVERVIEW (2016-2028)
FIGURE 029. NORTH AMERICA CAROTENOIDS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 030. EUROPE CAROTENOIDS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 031. ASIA PACIFIC CAROTENOIDS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 032. MIDDLE EAST & AFRICA CAROTENOIDS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 033. SOUTH AMERICA CAROTENOIDS MARKET OVERVIEW BY COUNTRY (2016-2028)