Global Carotenoids Market Overview

The Carotenoids market was valued at USD 1.63 billion in 2021 and is expected to reach USD 2.19 billion by the year 2028, at a CAGR of 4.3%.

Carotenoids are hydrophilic colorants blended by plants, fungi, algae, and bacteria. In plants, carotenoids contribute to the photosynthetic functions and defense 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.

Furthermore, these products act as antioxidants and defense the body against problems such as chronic diseases, cellular damage, and the effects of aging. Growing applications of this product in dietary supplements on account of rising health issues will drive market demand. Carotenoids are commercially available in various forms such as beta-carotene, lutein, lycopene, astaxanthin, zeaxanthin, annatto, and canthaxanthin. These products find substantial utilization in food and beverages, animal feed, dietary supplements, pharmaceuticals, personal care cosmetics as they provide good health benefits, which in turn, will propel market expansion over the forecast period.

Carotenoids Market

COVID-19 Impact on Carotenoids Market

At the initial phase of the year 2020, COVID-19 disease began to spread around the world, millions of people globally were infected with COVID-19 disease, and major countries over the globe have implemented foot prohibitions and work stoppage orders. Except for the medical supplies and life support products sectors, many industries have been greatly influenced, and Carotenoids industries have also been greatly affected. The pandemic has spread to over 100 countries and caused massive losses of lives worldwide. Especially the global producing, tourism, and financial markets have been hit poorly. The falling pressure on the global economy that once showed signals of recovery in the previous period has increased again. The spreading of the COVID-19 pandemic has added risk factors to the already weak growth of the global economy. Some international companies have focused out that the global economy is in the most severe period since the financial crisis.

Market Dynamics And Factors

Drivers:

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.

Restraints:

High prices for natural pigments restraint market growth. The high price and low availability for the natural pigments as compared to synthetic pigment restraint the market growth during the forecast period. Additionally, uncontrolled and excessing application of carotenoids in the developed market is related to health risk. This is anticipated to be one of the remarkedly challenges in the global carotenoids industry.

Furthermore, restrictions on exports and imports of non-essential products due to the temporary border closure situations in some economies are further hindering the growth of this market.

Opportunities:

An exponential growth in demand for supplements and nutritional products among the youth and infants are strengthening growth opportunities for carotenoids. Rising utilization in the pharmaceutical sector in defense from diseases such as cancer creates profitable opportunities for global producers. In addition, the Asia Pacific region creates lucrative growth opportunities for manufacturers and distributors of carotenoids as the processing of carotenoids is lower cost in this region and witnesses a high demand in this region.

Market Segmentation

Segmentation Insights

Based on Type, the lutein segment is accounted for the largest market share during the forecast period. Lutein is blended by plants and found in some of the key food items, such as egg yolks, carrots, spinach, kale, squash, grapes, and pepper. It is utilized in both, human nutrition and animal nutrition products. Popularity for lutein owing to its ability to treat age-related eye disorders, such as cataracts and macular degeneration, is a major factor driving its demand.

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.

Based on Source, the natural segment is dominating the market during the forecast period. High antioxidant characteristics, an increase in biological activities, and boosted immunity rate, both in humans and animals. Additionally, rising consumer preference for natural carotenoids owing to the growth in health awareness and consciousness associated with the benefits of natural carotenoids, particularly in the European and the North American regions, is a major factor that is projected to drive the growth of the market.

Regional Insights

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 the 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.

Gaining popularity for the organic and natural oriented food items and have become the top prioritizes by the food processors around the globe, due to its great contribution to food quality, food safety, social convenience, and sustainability. In North America, consumers are more conscious and mature about their purchasing habits as food labeling is often checked for ingredients origin, production practices, and impact of the global supply chain on the across environment these factors are driving the market growth in the region.

In Latin America, the rapidly growing animal feed industry and growing demand for specialty feed are anticipated to accelerate the demand for the products in this region. Additionally, the active participation of the leading players in countries such as Brazil and Chile is further expected to help the market growth.

Key Industry Developments

  • In June 2019, DDW The Color House signed an agreement for the accession of Denmark-based company Du Pont Natural Colors to increase the presence of the company in the global market. This acquisition would also support it expand its portfolio with new products segment.
  • In April 2019, Döhler Group signed an agreement for the accession of a majority of shares in Zumos Catalano Aragoneses S.A. (ZUCASA), which is based in Spain. This would support the company to enhance its presence in the fruits and carotenoids segment in the global market.

Players Covered in Carotenoids market are :

Global Carotenoids Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data:

2016 to 2020

Market Size in 2021:

USD 1.63 Bn.

Forecast Period 2022-28 CAGR:

4.3%

Market Size in 2028:

USD 2.19 Bn.

Segments Covered:

By Type

  • Astaxanthin
  • Beta-Carotene
  • Canthaxanthin
  • Capsanthin
  • Others

By Source

  • Synthetic
  • Natural

By Application

  • Animal Feed
  • Food & Beverages
  • Personal Care & Cosmetics
  • Dietary Supplements
  • Pharmaceuticals

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Growing Consumer Consciousness Regarding Health Benefits from Carotenoid Intake

Key Market Restraints:

  • High prices for natural pigments

Key Opportunities:

  • High Demand for Supplements And Nutritional Products Among The Youth.

Companies Covered in the report:

  • Allied Biotech, BASF SE, Dohler GmbH, FMC Corporation, Sensient Technologies, and other major players.

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Source
 3.3 By Application

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  3.5.1 Drivers
  3.5.2 Restraints
  3.5.3 Opportunities
  3.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 4: Carotenoids Market by Type
 4.1 Carotenoids Market Overview Snapshot and Growth Engine
 4.2 Carotenoids Market Overview
 4.3 Astaxanthin
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size (2016-2028F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Astaxanthin: Grographic Segmentation
 4.4 Beta-Carotene
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size (2016-2028F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Beta-Carotene: Grographic Segmentation
 4.5 Canthaxanthin
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size (2016-2028F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Canthaxanthin: Grographic Segmentation
 4.6 Capsanthin
  4.6.1 Introduction and Market Overview
  4.6.2 Historic and Forecasted Market Size (2016-2028F)
  4.6.3 Key Market Trends, Growth Factors and Opportunities
  4.6.4 Capsanthin: Grographic Segmentation
 4.7 Zeaxanthin
  4.7.1 Introduction and Market Overview
  4.7.2 Historic and Forecasted Market Size (2016-2028F)
  4.7.3 Key Market Trends, Growth Factors and Opportunities
  4.7.4 Zeaxanthin: Grographic Segmentation
 4.8 Lutein
  4.8.1 Introduction and Market Overview
  4.8.2 Historic and Forecasted Market Size (2016-2028F)
  4.8.3 Key Market Trends, Growth Factors and Opportunities
  4.8.4 Lutein: Grographic Segmentation
 4.9 Lycopene
  4.9.1 Introduction and Market Overview
  4.9.2 Historic and Forecasted Market Size (2016-2028F)
  4.9.3 Key Market Trends, Growth Factors and Opportunities
  4.9.4 Lycopene: Grographic Segmentation
 4.10 And Others
  4.10.1 Introduction and Market Overview
  4.10.2 Historic and Forecasted Market Size (2016-2028F)
  4.10.3 Key Market Trends, Growth Factors and Opportunities
  4.10.4 And Others: Grographic Segmentation

Chapter 5: Carotenoids Market by Source
 5.1 Carotenoids Market Overview Snapshot and Growth Engine
 5.2 Carotenoids Market Overview
 5.3 Synthetic
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Synthetic: Grographic Segmentation
 5.4 Natural
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Natural: Grographic Segmentation

Chapter 6: Carotenoids Market by Application
 6.1 Carotenoids Market Overview Snapshot and Growth Engine
 6.2 Carotenoids Market Overview
 6.3 Food And Beverages
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2016-2028F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Food And Beverages: Grographic Segmentation
 6.4 Animal Feed
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2016-2028F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Animal Feed: Grographic Segmentation
 6.5 Personal Care And Cosmetics
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2016-2028F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Personal Care And Cosmetics: Grographic Segmentation
 6.6 Dietary Supplements
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size (2016-2028F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Dietary Supplements: Grographic Segmentation
 6.7 And Pharmaceuticals
  6.7.1 Introduction and Market Overview
  6.7.2 Historic and Forecasted Market Size (2016-2028F)
  6.7.3 Key Market Trends, Growth Factors and Opportunities
  6.7.4 And Pharmaceuticals: Grographic Segmentation

Chapter 7: Company Profiles and Competitive Analysis
 7.1 Competitive Landscape
  7.1.1 Competitive Positioning
  7.1.2 Carotenoids Sales and Market Share By Players
  7.1.3 Industry BCG Matrix
  7.1.4 Ansoff Matrix
  7.1.5 Carotenoids Industry Concentration Ratio (CR5 and HHI)
  7.1.6 Top 5 Carotenoids Players Market Share
  7.1.7 Mergers and Acquisitions
  7.1.8 Business Strategies By Top Players
 7.2 ALLIED BIOTECH
  7.2.1 Company Overview
  7.2.2 Key Executives
  7.2.3 Company Snapshot
  7.2.4 Operating Business Segments
  7.2.5 Product Portfolio
  7.2.6 Business Performance
  7.2.7 Key Strategic Moves and Recent Developments
  7.2.8 SWOT Analysis
 7.3 BASF SE
 7.4 DOHLER GMBH
 7.5 FMC CORPORATION
 7.6 SENSIENT TECHNOLOGIES
 7.7 CHR HANSEN HOLDINGS A/S
 7.8 KEMIN INDUSTRIES
 7.9 ALGATECH TECH
 7.10 NOVUS INTERNATIONAL INC.
 7.11 DDW THE COLOR HOUSE
 7.12 LYCORED LTD
 7.13 FUJI CHEMICAL INDUSTRY CO. LTD.
 7.14 E.I.D. PARRY
 7.15 DIVI'S LABORATORIES
 7.16 FARBEST BRANDS
 7.17 DEINOVE SAS

Chapter 8: Global Carotenoids Market Analysis, Insights and Forecast, 2016-2028
 8.1 Market Overview
 8.2 Historic and Forecasted Market Size By Type
  8.2.1 Astaxanthin
  8.2.2 Beta-Carotene
  8.2.3 Canthaxanthin
  8.2.4 Capsanthin
  8.2.5 Zeaxanthin
  8.2.6 Lutein
  8.2.7 Lycopene
  8.2.8 And Others
 8.3 Historic and Forecasted Market Size By Source
  8.3.1 Synthetic
  8.3.2 Natural
 8.4 Historic and Forecasted Market Size By Application
  8.4.1 Food And Beverages
  8.4.2 Animal Feed
  8.4.3 Personal Care And Cosmetics
  8.4.4 Dietary Supplements
  8.4.5 And Pharmaceuticals

Chapter 9: North America Carotenoids Market Analysis, Insights and Forecast, 2016-2028
 9.1 Key Market Trends, Growth Factors and Opportunities
 9.2 Impact of Covid-19
 9.3 Key Players
 9.4 Key Market Trends, Growth Factors and Opportunities
 9.4 Historic and Forecasted Market Size By Type
  9.4.1 Astaxanthin
  9.4.2 Beta-Carotene
  9.4.3 Canthaxanthin
  9.4.4 Capsanthin
  9.4.5 Zeaxanthin
  9.4.6 Lutein
  9.4.7 Lycopene
  9.4.8 And Others
 9.5 Historic and Forecasted Market Size By Source
  9.5.1 Synthetic
  9.5.2 Natural
 9.6 Historic and Forecasted Market Size By Application
  9.6.1 Food And Beverages
  9.6.2 Animal Feed
  9.6.3 Personal Care And Cosmetics
  9.6.4 Dietary Supplements
  9.6.5 And Pharmaceuticals
 9.7 Historic and Forecast Market Size by Country
  9.7.1 U.S.
  9.7.2 Canada
  9.7.3 Mexico

Chapter 10: Europe Carotenoids Market Analysis, Insights and Forecast, 2016-2028
 10.1 Key Market Trends, Growth Factors and Opportunities
 10.2 Impact of Covid-19
 10.3 Key Players
 10.4 Key Market Trends, Growth Factors and Opportunities
 10.4 Historic and Forecasted Market Size By Type
  10.4.1 Astaxanthin
  10.4.2 Beta-Carotene
  10.4.3 Canthaxanthin
  10.4.4 Capsanthin
  10.4.5 Zeaxanthin
  10.4.6 Lutein
  10.4.7 Lycopene
  10.4.8 And Others
 10.5 Historic and Forecasted Market Size By Source
  10.5.1 Synthetic
  10.5.2 Natural
 10.6 Historic and Forecasted Market Size By Application
  10.6.1 Food And Beverages
  10.6.2 Animal Feed
  10.6.3 Personal Care And Cosmetics
  10.6.4 Dietary Supplements
  10.6.5 And Pharmaceuticals
 10.7 Historic and Forecast Market Size by Country
  10.7.1 Germany
  10.7.2 U.K.
  10.7.3 France
  10.7.4 Italy
  10.7.5 Russia
  10.7.6 Spain

Chapter 11: Asia-Pacific Carotenoids Market Analysis, Insights and Forecast, 2016-2028
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Type
  11.4.1 Astaxanthin
  11.4.2 Beta-Carotene
  11.4.3 Canthaxanthin
  11.4.4 Capsanthin
  11.4.5 Zeaxanthin
  11.4.6 Lutein
  11.4.7 Lycopene
  11.4.8 And Others
 11.5 Historic and Forecasted Market Size By Source
  11.5.1 Synthetic
  11.5.2 Natural
 11.6 Historic and Forecasted Market Size By Application
  11.6.1 Food And Beverages
  11.6.2 Animal Feed
  11.6.3 Personal Care And Cosmetics
  11.6.4 Dietary Supplements
  11.6.5 And Pharmaceuticals
 11.7 Historic and Forecast Market Size by Country
  11.7.1 China
  11.7.2 India
  11.7.3 Japan
  11.7.4 Southeast Asia

Chapter 12: South America Carotenoids Market Analysis, Insights and Forecast, 2016-2028
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Type
  12.4.1 Astaxanthin
  12.4.2 Beta-Carotene
  12.4.3 Canthaxanthin
  12.4.4 Capsanthin
  12.4.5 Zeaxanthin
  12.4.6 Lutein
  12.4.7 Lycopene
  12.4.8 And Others
 12.5 Historic and Forecasted Market Size By Source
  12.5.1 Synthetic
  12.5.2 Natural
 12.6 Historic and Forecasted Market Size By Application
  12.6.1 Food And Beverages
  12.6.2 Animal Feed
  12.6.3 Personal Care And Cosmetics
  12.6.4 Dietary Supplements
  12.6.5 And Pharmaceuticals
 12.7 Historic and Forecast Market Size by Country
  12.7.1 Brazil
  12.7.2 Argentina

Chapter 13: Middle East & Africa Carotenoids Market Analysis, Insights and Forecast, 2016-2028
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Type
  13.4.1 Astaxanthin
  13.4.2 Beta-Carotene
  13.4.3 Canthaxanthin
  13.4.4 Capsanthin
  13.4.5 Zeaxanthin
  13.4.6 Lutein
  13.4.7 Lycopene
  13.4.8 And Others
 13.5 Historic and Forecasted Market Size By Source
  13.5.1 Synthetic
  13.5.2 Natural
 13.6 Historic and Forecasted Market Size By Application
  13.6.1 Food And Beverages
  13.6.2 Animal Feed
  13.6.3 Personal Care And Cosmetics
  13.6.4 Dietary Supplements
  13.6.5 And Pharmaceuticals
 13.7 Historic and Forecast Market Size by Country
  13.7.1 Saudi Arabia
  13.7.2 South Africa

Chapter 14 Investment Analysis

Chapter 15 Analyst Viewpoint and Conclusion

Global Carotenoids Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data:

2016 to 2020

Market Size in 2021:

USD 1.63 Bn.

Forecast Period 2022-28 CAGR:

4.3%

Market Size in 2028:

USD 2.19 Bn.

Segments Covered:

By Type

  • Astaxanthin
  • Beta-Carotene
  • Canthaxanthin
  • Capsanthin
  • Others

By Source

  • Synthetic
  • Natural

By Application

  • Animal Feed
  • Food & Beverages
  • Personal Care & Cosmetics
  • Dietary Supplements
  • Pharmaceuticals

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Growing Consumer Consciousness Regarding Health Benefits from Carotenoid Intake

Key Market Restraints:

  • High prices for natural pigments

Key Opportunities:

  • High Demand for Supplements And Nutritional Products Among The Youth.

Companies Covered in the report:

  • Allied Biotech, BASF SE, Dohler GmbH, FMC Corporation, Sensient Technologies, and other major players.

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)

Please Wait...

Frequently Asked Questions :

What would be the forecast period in the Carotenoids Market research report?

The forecast period in the Carotenoids Market research report is 2022-2028.

Who are the key players in Carotenoids Market?

Allied Biotech, BASF SE, Dohler GmbH, FMC Corporation, Sensient Technologies, Chr Hansen Holdings A/S, Kemin Industries, Algatech Tech, Novus International Inc., DDW The Color House, Lycored Ltd, Fuji Chemical Industry Co. Ltd., E.I.D. Parry, Divi's Laboratories, Farbest Brands, Deinove SAS, and others, and other major players.

What are the segments of the Carotenoids Market?

The Carotenoids Market is segmented into Type, Source, Application, and region. By Type, the market is categorized into Astaxanthin, Beta-Carotene, Canthaxanthin, Capsanthin, and Others. By Source the market is categorized into Synthetic, Natural. By Application, the market is categorized into Animal Feed, Food & Beverages, Personal Care & Cosmetics, Dietary Supplements, and Pharmaceuticals. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Carotenoids Market?

Carotenoids are hydrophilic colorants blended by plants, fungi, algae, and bacteria. In plants, carotenoids contribute to the photosynthetic functions and defense 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.

How big is the Carotenoids Market?

The Carotenoids market was valued at USD 1.63 billion in 2021 and is expected to reach USD 2.19 billion by the year 2028, at a CAGR of 4.3%.