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Carotenoids Market

Global Carotenoids Market Roadmap to 2031

Global Carotenoids is segmented by Application (Food, Cosmetics, Pharmaceuticals, Nutraceuticals, Animal feed), Type (Beta-carotene, Lutein, Zeaxanthin, Astaxanthin, Lycopene) and Geography(North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA)

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Industry Overview

The Carotenoids is at USD 2.5Billion in 2023 and is expected to reach 5Billion by 2031. The Carotenoids is driven by increasing demand in end-use industries, technological advancements, research and development (R&D), economic growth, and global trade.

Carotenoids Market Size in (USD Billion) CAGR Growth Rate 8%

Study Period 2019-2031
Market Size (2023): 2.5Billion
Market Size (2031): 5Billion
CAGR (2023 - 2031): 8%
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Carotenoids are plant pigments responsible for bright red, yellow and orange colors in many fruits and vegetables and are normally found in microorganisms, algae, and plants. They help in photosynthesis by absorbing the light energy. Carotenoids have many health benefits because of its antioxidant properties. Rising cardiovascular diseases among the aged population are driving the global market growth of carotenoids.

Competitive landscape

The key players in the Carotenoids are intensifying their focus on research and development (R&D) activities to innovate and stay competitive. Major companies, such as DSM Nutrition & Health (Netherlands), Chr. Hansen (Denmark), FMC Corporation (United States), Cyanotech Corporation (United States), BASF Nutrition (Germany), Lycored (United States), Kemin Industries (United States), are heavily investing in R&D to develop new products and improve existing ones. This strategic emphasis on innovation is driving significant advancements in chemical manufacturing processes and the introduction of sustainable and eco-friendly products.
Moreover, these established industry leaders are actively pursuing acquisitions of smaller companies to expand their regional presence and enhance their market share. These acquisitions not only help in diversifying their product portfolios but also provide access to new technologies and markets. This consolidation trend is a critical factor in the growth of the Carotenoids , as it enables larger companies to streamline operations, reduce costs, and increase their competitive edge.
In addition to R&D and acquisitions, there is a notable shift towards green investments among key players in the Carotenoids . Companies are increasingly committing resources to sustainable practices and the development of environmentally friendly products. This green investment is in response to growing consumer demand for sustainable solutions and stringent environmental regulations. By prioritizing sustainability, these companies are not only contributing to environmental protection but also positioning themselves as leaders in the green chemistry movement, thereby fueling market growth.

Key Players

The companies highlighted in this profile were selected based on insights from primary experts and an evaluation of their market penetration, product offerings, and geographical reach:
  • DSM Nutrition & Health (Netherlands)
  • Chr. Hansen (Denmark)
  • FMC Corporation (United States)
  • Cyanotech Corporation (United States)
  • BASF Nutrition (Germany)
  • Lycored (United States)
  • Kemin Industries (United States)

Carotenoids Market Segmentation by Players

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Carotenoids Dynamics

Driving Factor
The Carotenoids is propelled by several key drivers, including the demand from diverse industrial sectors such as automotive, construction, and pharmaceuticals. Technological advancements and continuous innovation in chemical processes enhance efficiency and open new market opportunities. Economic growth, particularly in emerging markets, along with rapid urbanization and population growth, increases the need for chemicals in infrastructure and consumer goods. Additionally, stricter environmental regulations and the push for sustainable products drive the development of green chemicals. Global trade, raw material availability, and investments in research and development further shape the industry's growth, while supportive government policies and evolving consumer trends also play crucial roles.
  • Continuous Consumption Of Carotenoid In Food And Beverages Industry
  • Growing Use In Pharmaceutical Industry

Challenge Factor
The Carotenoids faces several challenges and restraining factors, including stringent environmental regulations that increase operational costs and complexity. Fluctuating raw material prices and availability can impact production expenses while growing health and safety concerns necessitate significant investments in compliance measures. Additionally, the push for sustainability requires costly reforms and green technologies. Economic uncertainty, supply chain disruptions, and rapid technological advancements further complicate market dynamics. Geopolitical instability and intellectual property risks also pose significant threats, while market saturation in mature regions pressures profit margins and limits growth opportunities.
  • High Cost
  • Raw Material Sourcing

Opportunities
The Carotenoids presents numerous opportunities for growth and innovation. Emerging trends in sustainability offer significant prospects for developing green and eco-friendly products, which are increasingly demanded by consumers and regulated by governments. Advancements in technology, such as digitalization and automation, provide opportunities for improving efficiency and reducing costs in chemical production. Expansion into emerging markets and developing regions presents a chance for companies to tap into new customer bases and increase their market share. Additionally, ongoing investments in research and development pave the way for innovations in specialty chemicals and advanced materials. Collaborations and partnerships within the industry can also drive growth by leveraging complementary strengths and accessing new technologies and markets.
  • Continuous Consumption Of Carotenoid In Food And Beverages Industry
  • Growing Use In Pharmaceutical Industry

Important Trend
Key trends in the Carotenoids include a focus on sustainability and green chemistry, driven by environmental regulations and consumer demand. Digital transformation is enhancing efficiency through AI and automation, while advanced materials are being developed for various industries. The shift towards a circular economy promotes recycling and reuse, and personalized medicine is increasing demand for specialty chemicals. Investments in renewable energy create new opportunities, and emerging markets offer growth potential. Evolving regulations and consumer preferences for sustainable products are influencing innovation, and supply chain advancements are improving efficiency. These trends are reshaping the chemical industry and driving its growth.
  • Demand for Carotenoid in Cosmetic and Beauty Products is on Rising

Regulatory Framework

Several regulatory bodies oversee the chemical industry globally to ensure safety, environmental protection, and compliance with standards. Notable among these are the Environmental Protection Agency (EPA) in the United States, the European Chemicals Agency (ECHA) in the European Union, and the Occupational Safety and Health Administration (OSHA) in the United States. Other significant entities include the Health and Safety Executive (HSE) in the United Kingdom, the National Institute of Chemical Safety (NICS) in South Korea, and the Ministry of Environmental Protection (MEP) in China.
Additionally, the National Industrial Chemicals Notification and Assessment Scheme (NICNAS) in Australia, the Japan Chemical Industry Association (JCIA), the Canadian Environmental Protection Act (CEPA), and the Central Pollution Control Board (CPCB) in India play crucial roles. These organizations establish regulations, conduct inspections, and enforce compliance to ensure the safe production, handling, and disposal of chemicals.

Regional Insight

The leads the market share, largely due to rising consumption, a growing population, and strong economic momentum that boosts demand. In contrast, the is emerging as the fastest-growing area, driven by rapid infrastructure development, the expansion of industrial sectors, and heightened consumer demand, making it a critical factor for future market growth. The regions covered in the report are:
Regions
  • North America
  • LATAM
  • West Europe
  • Central & Eastern Europe
  • Northern Europe
  • Southern Europe
  • East Asia
  • Southeast Asia
  • South Asia
  • Central Asia
  • Oceania
  • MEA



 

Market Segmentation

Segmentation by Type
  • Beta-carotene
  • Lutein
  • Zeaxanthin
  • Astaxanthin

Carotenoids Market Segmentation by Type

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Segmentation by Application
  • Food
  • Cosmetics
  • Pharmaceuticals
  • Nutraceuticals
  • Animal feed

Carotenoids Market Segmentation by Application

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Research Methodology

The research methodology involves several key steps to ensure comprehensive and accurate insights. First, the objectives of the research are clearly defined, focusing on aspects such as market size, growth trends, and competitive dynamics. Data collection is conducted through both primary and secondary methods. Primary research includes interviews with industry experts, surveys, and focus groups to gather first-hand information, while secondary research involves analyzing existing reports, government publications, and company filings. 
The collected data is then subjected to rigorous analysis, with quantitative methods used to evaluate market size and trends, and qualitative methods applied to understand industry dynamics and consumer behavior. Findings are compiled into a detailed report featuring key insights, data visualizations, and strategic recommendations. Validation is achieved through data verification and peer reviews to ensure accuracy. 
Finally, the research concludes with actionable insights and recommendations, along with suggestions for future studies to address emerging trends and gaps. This methodology provides a structured approach to understanding the {keywords} and guiding strategic decisions.

Report Details

Report Features Details
Base Year 2023
Based Year Market Size (2023) 2.5Billion
Historical Period 2019 to 2023
CAGR (2023 to 2031) 8%
Forecast Period 2025 to 2031
Forecasted Period Market Size (2031) 5Billion
Scope of the Report Beta-carotene, Lutein, Zeaxanthin, Astaxanthin, Food, Cosmetics, Pharmaceuticals, Nutraceuticals, Animal feed
Regions Covered North America, LATAM, West Europe,Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA
Companies Covered DSM Nutrition & Health (Netherlands), Chr. Hansen (Denmark), FMC Corporation (United States), Cyanotech Corporation (United States), BASF Nutrition (Germany), Lycored (United States), Kemin Industries (United States)
Customization Scope 15% Free Customization
Delivery Format PDF and Excel through Email

Carotenoids - Table of Contents

Chapter 1: Market Preface
  • 1.1 Global Carotenoids Market Landscape
  • 1.2 Scope of the Study
  • 1.3 Relevant Findings & Stakeholder Advantages

Chapter 2: Strategic Overview
  • 2.1 Global Carotenoids Market Outlook
  • 2.2 Total Addressable Market versus Serviceable Market
  • 2.3 Market Rivalry Projection

Chapter 3 : Global Carotenoids Market Business Environment & Changing Dynamics
  • 3.1 Growth Drivers
    • 3.1.1 Continuous Consumption of Carotenoid in Food and Beverages Industry
    • 3.1.2 Growing use in Pharmaceutical Industry
  • 3.2 Available Opportunities
    • 3.2.1 Continuous Consumption of Carotenoid in Food and Beverages Industry
  • 3.3 Influencing Trends
    • 3.3.1 Demand for Carotenoid in Cosmetic and Beauty Products is on Rising
    • 3.3.2
  • 3.4 Challenges
    • 3.4.1 High cost
    • 3.4.2 Raw material sourcing
    • 3.4.3 Regulations
  • 3.5 Regional Dynamics

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Chapter 4 : Global Carotenoids Industry Factors Assessment
  • 4.1 Current Scenario
  • 4.2 PEST Analysis
  • 4.3 Business Environment - PORTER 5-Forces Analysis
    • 4.3.1 Supplier Leverage
    • 4.3.2 Bargaining Power of Buyers
    • 4.3.3 Threat of Substitutes
    • 4.3.4 Threat from New Entrant
    • 4.3.5 Market Competition Level
  • 4.4 Roadmap of Carotenoids Market
  • 4.5 Impact of Macro-Economic Factors
  • 4.6 Market Entry Strategies
  • 4.7 Political and Regulatory Landscape
  • 4.8 Supply Chain Analysis
  • 4.9 Impact of Tariff War


Chapter 5: Carotenoids : Competition Benchmarking & Performance Evaluation
  • 5.1 Global Carotenoids Market Concentration Ratio
    • 5.1.1 CR4, CR8 and HH Index
    • 5.1.2 % Market Share - Top 3
    • 5.1.3 Market Holding by Top 5
  • 5.2 Market Position of Manufacturers by Carotenoids Revenue 2023
  • 5.3 Global Carotenoids Sales Volume by Manufacturers (2023)
  • 5.4 BCG Matrix
  • 5.4 Market Entropy
  • 5.5 Heat Map Analysis
  • 5.6 Strategic Group Analysis
Chapter 6: Global Carotenoids Market: Company Profiles
  • 6.1 DSM Nutrition & Health (Netherlands)
    • 6.1.1 DSM Nutrition & Health (Netherlands) Company Overview
    • 6.1.2 DSM Nutrition & Health (Netherlands) Product/Service Portfolio & Specifications
    • 6.1.3 DSM Nutrition & Health (Netherlands) Key Financial Metrics
    • 6.1.4 DSM Nutrition & Health (Netherlands) SWOT Analysis
    • 6.1.5 DSM Nutrition & Health (Netherlands) Development Activities
  • 6.2 Chr. Hansen (Denmark)
  • 6.3 FMC Corporation (United States)
  • 6.4 Cyanotech Corporation (United States)
  • 6.5 BASF Nutrition (Germany)
  • 6.6 Lycored (United States)
  • 6.7 Kemin Industries (United States)
  • 6.8 Dohler Group (Germany)

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Chapter 7 : Global Carotenoids by Type & Application (2019-2031)
  • 7.1 Global Carotenoids Market Revenue Analysis (USD Million) by Type (2019-2023)
    • 7.1.1 Beta-carotene
    • 7.1.2 Lutein
    • 7.1.3 Zeaxanthin
    • 7.1.4 Astaxanthin
    • 7.1.5 Lycopene
  • 7.2 Global Carotenoids Market Revenue Analysis (USD Million) by Application (2019-2023)
    • 7.2.1 Food
    • 7.2.2 Cosmetics
    • 7.2.3 Pharmaceuticals
    • 7.2.4 Nutraceuticals
    • 7.2.5 Animal Feed
  • 7.3 Global Carotenoids Market Revenue Analysis (USD Million) by Type (2023-2031)
  • 7.4 Global Carotenoids Market Revenue Analysis (USD Million) by Application (2023-2031)

Chapter 8 : North America Carotenoids Market Breakdown by Country, Type & Application
  • 8.1 North America Carotenoids Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
    • 8.1.1 United States
    • 8.1.2 Canada
  • 8.2 North America Carotenoids Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
    • 8.2.1 Beta-carotene
    • 8.2.2 Lutein
    • 8.2.3 Zeaxanthin
    • 8.2.4 Astaxanthin
    • 8.2.5 Lycopene
  • 8.3 North America Carotenoids Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
    • 8.3.1 Food
    • 8.3.2 Cosmetics
    • 8.3.3 Pharmaceuticals
    • 8.3.4 Nutraceuticals
    • 8.3.5 Animal Feed
  • 8.4 North America Carotenoids Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
  • 8.5 North America Carotenoids Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
  • 8.6 North America Carotenoids Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
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Chapter 9 : LATAM Carotenoids Market Breakdown by Country, Type & Application
  • 9.1 LATAM Carotenoids Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
    • 9.1.1 Brazil
    • 9.1.2 Argentina
    • 9.1.3 Chile
    • 9.1.4 Mexico
    • 9.1.5 Rest of LATAM
  • 9.2 LATAM Carotenoids Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
    • 9.2.1 Beta-carotene
    • 9.2.2 Lutein
    • 9.2.3 Zeaxanthin
    • 9.2.4 Astaxanthin
    • 9.2.5 Lycopene
  • 9.3 LATAM Carotenoids Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
    • 9.3.1 Food
    • 9.3.2 Cosmetics
    • 9.3.3 Pharmaceuticals
    • 9.3.4 Nutraceuticals
    • 9.3.5 Animal Feed
  • 9.4 LATAM Carotenoids Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
  • 9.5 LATAM Carotenoids Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
  • 9.6 LATAM Carotenoids Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 10 : West Europe Carotenoids Market Breakdown by Country, Type & Application
  • 10.1 West Europe Carotenoids Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
    • 10.1.1 Germany
    • 10.1.2 France
    • 10.1.3 Benelux
    • 10.1.4 Switzerland
    • 10.1.5 Rest of West Europe
  • 10.2 West Europe Carotenoids Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
    • 10.2.1 Beta-carotene
    • 10.2.2 Lutein
    • 10.2.3 Zeaxanthin
    • 10.2.4 Astaxanthin
    • 10.2.5 Lycopene
  • 10.3 West Europe Carotenoids Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
    • 10.3.1 Food
    • 10.3.2 Cosmetics
    • 10.3.3 Pharmaceuticals
    • 10.3.4 Nutraceuticals
    • 10.3.5 Animal Feed
  • 10.4 West Europe Carotenoids Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
  • 10.5 West Europe Carotenoids Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
  • 10.6 West Europe Carotenoids Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 11 : Central & Eastern Europe Carotenoids Market Breakdown by Country, Type & Application
  • 11.1 Central & Eastern Europe Carotenoids Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
    • 11.1.1 Bulgaria
    • 11.1.2 Poland
    • 11.1.3 Hungary
    • 11.1.4 Romania
    • 11.1.5 Rest of CEE
  • 11.2 Central & Eastern Europe Carotenoids Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
    • 11.2.1 Beta-carotene
    • 11.2.2 Lutein
    • 11.2.3 Zeaxanthin
    • 11.2.4 Astaxanthin
    • 11.2.5 Lycopene
  • 11.3 Central & Eastern Europe Carotenoids Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
    • 11.3.1 Food
    • 11.3.2 Cosmetics
    • 11.3.3 Pharmaceuticals
    • 11.3.4 Nutraceuticals
    • 11.3.5 Animal Feed
  • 11.4 Central & Eastern Europe Carotenoids Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
  • 11.5 Central & Eastern Europe Carotenoids Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
  • 11.6 Central & Eastern Europe Carotenoids Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 12 : Northern Europe Carotenoids Market Breakdown by Country, Type & Application
  • 12.1 Northern Europe Carotenoids Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
    • 12.1.1 The United Kingdom
    • 12.1.2 Sweden
    • 12.1.3 Norway
    • 12.1.4 Baltics
    • 12.1.5 Ireland
    • 12.1.6 Rest of Northern Europe
  • 12.2 Northern Europe Carotenoids Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
    • 12.2.1 Beta-carotene
    • 12.2.2 Lutein
    • 12.2.3 Zeaxanthin
    • 12.2.4 Astaxanthin
    • 12.2.5 Lycopene
  • 12.3 Northern Europe Carotenoids Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
    • 12.3.1 Food
    • 12.3.2 Cosmetics
    • 12.3.3 Pharmaceuticals
    • 12.3.4 Nutraceuticals
    • 12.3.5 Animal Feed
  • 12.4 Northern Europe Carotenoids Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
  • 12.5 Northern Europe Carotenoids Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
  • 12.6 Northern Europe Carotenoids Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 13 : Southern Europe Carotenoids Market Breakdown by Country, Type & Application
  • 13.1 Southern Europe Carotenoids Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
    • 13.1.1 Spain
    • 13.1.2 Italy
    • 13.1.3 Portugal
    • 13.1.4 Greece
    • 13.1.5 Rest of Southern Europe
  • 13.2 Southern Europe Carotenoids Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
    • 13.2.1 Beta-carotene
    • 13.2.2 Lutein
    • 13.2.3 Zeaxanthin
    • 13.2.4 Astaxanthin
    • 13.2.5 Lycopene
  • 13.3 Southern Europe Carotenoids Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
    • 13.3.1 Food
    • 13.3.2 Cosmetics
    • 13.3.3 Pharmaceuticals
    • 13.3.4 Nutraceuticals
    • 13.3.5 Animal Feed
  • 13.4 Southern Europe Carotenoids Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
  • 13.5 Southern Europe Carotenoids Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
  • 13.6 Southern Europe Carotenoids Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 14 : East Asia Carotenoids Market Breakdown by Country, Type & Application
  • 14.1 East Asia Carotenoids Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
    • 14.1.1 China
    • 14.1.2 Japan
    • 14.1.3 South Korea
    • 14.1.4 Taiwan
    • 14.1.5 Others
  • 14.2 East Asia Carotenoids Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
    • 14.2.1 Beta-carotene
    • 14.2.2 Lutein
    • 14.2.3 Zeaxanthin
    • 14.2.4 Astaxanthin
    • 14.2.5 Lycopene
  • 14.3 East Asia Carotenoids Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
    • 14.3.1 Food
    • 14.3.2 Cosmetics
    • 14.3.3 Pharmaceuticals
    • 14.3.4 Nutraceuticals
    • 14.3.5 Animal Feed
  • 14.4 East Asia Carotenoids Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
  • 14.5 East Asia Carotenoids Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
  • 14.6 East Asia Carotenoids Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 15 : Southeast Asia Carotenoids Market Breakdown by Country, Type & Application
  • 15.1 Southeast Asia Carotenoids Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
    • 15.1.1 Vietnam
    • 15.1.2 Singapore
    • 15.1.3 Thailand
    • 15.1.4 Malaysia
    • 15.1.5 Indonesia
    • 15.1.6 Philippines
    • 15.1.7 Rest of SEA Countries
  • 15.2 Southeast Asia Carotenoids Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
    • 15.2.1 Beta-carotene
    • 15.2.2 Lutein
    • 15.2.3 Zeaxanthin
    • 15.2.4 Astaxanthin
    • 15.2.5 Lycopene
  • 15.3 Southeast Asia Carotenoids Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
    • 15.3.1 Food
    • 15.3.2 Cosmetics
    • 15.3.3 Pharmaceuticals
    • 15.3.4 Nutraceuticals
    • 15.3.5 Animal Feed
  • 15.4 Southeast Asia Carotenoids Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
  • 15.5 Southeast Asia Carotenoids Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
  • 15.6 Southeast Asia Carotenoids Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 16 : South Asia Carotenoids Market Breakdown by Country, Type & Application
  • 16.1 South Asia Carotenoids Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
    • 16.1.1 India
    • 16.1.2 Bangladesh
    • 16.1.3 Others
  • 16.2 South Asia Carotenoids Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
    • 16.2.1 Beta-carotene
    • 16.2.2 Lutein
    • 16.2.3 Zeaxanthin
    • 16.2.4 Astaxanthin
    • 16.2.5 Lycopene
  • 16.3 South Asia Carotenoids Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
    • 16.3.1 Food
    • 16.3.2 Cosmetics
    • 16.3.3 Pharmaceuticals
    • 16.3.4 Nutraceuticals
    • 16.3.5 Animal Feed
  • 16.4 South Asia Carotenoids Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
  • 16.5 South Asia Carotenoids Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
  • 16.6 South Asia Carotenoids Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 17 : Central Asia Carotenoids Market Breakdown by Country, Type & Application
  • 17.1 Central Asia Carotenoids Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
    • 17.1.1 Kazakhstan
    • 17.1.2 Tajikistan
    • 17.1.3 Others
  • 17.2 Central Asia Carotenoids Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
    • 17.2.1 Beta-carotene
    • 17.2.2 Lutein
    • 17.2.3 Zeaxanthin
    • 17.2.4 Astaxanthin
    • 17.2.5 Lycopene
  • 17.3 Central Asia Carotenoids Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
    • 17.3.1 Food
    • 17.3.2 Cosmetics
    • 17.3.3 Pharmaceuticals
    • 17.3.4 Nutraceuticals
    • 17.3.5 Animal Feed
  • 17.4 Central Asia Carotenoids Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
  • 17.5 Central Asia Carotenoids Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
  • 17.6 Central Asia Carotenoids Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 18 : Oceania Carotenoids Market Breakdown by Country, Type & Application
  • 18.1 Oceania Carotenoids Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
    • 18.1.1 Australia
    • 18.1.2 New Zealand
    • 18.1.3 Others
  • 18.2 Oceania Carotenoids Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
    • 18.2.1 Beta-carotene
    • 18.2.2 Lutein
    • 18.2.3 Zeaxanthin
    • 18.2.4 Astaxanthin
    • 18.2.5 Lycopene
  • 18.3 Oceania Carotenoids Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
    • 18.3.1 Food
    • 18.3.2 Cosmetics
    • 18.3.3 Pharmaceuticals
    • 18.3.4 Nutraceuticals
    • 18.3.5 Animal Feed
  • 18.4 Oceania Carotenoids Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
  • 18.5 Oceania Carotenoids Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
  • 18.6 Oceania Carotenoids Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 19 : MEA Carotenoids Market Breakdown by Country, Type & Application
  • 19.1 MEA Carotenoids Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
    • 19.1.1 Turkey
    • 19.1.2 South Africa
    • 19.1.3 Egypt
    • 19.1.4 UAE
    • 19.1.5 Saudi Arabia
    • 19.1.6 Israel
    • 19.1.7 Rest of MEA
  • 19.2 MEA Carotenoids Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
    • 19.2.1 Beta-carotene
    • 19.2.2 Lutein
    • 19.2.3 Zeaxanthin
    • 19.2.4 Astaxanthin
    • 19.2.5 Lycopene
  • 19.3 MEA Carotenoids Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
    • 19.3.1 Food
    • 19.3.2 Cosmetics
    • 19.3.3 Pharmaceuticals
    • 19.3.4 Nutraceuticals
    • 19.3.5 Animal Feed
  • 19.4 MEA Carotenoids Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
  • 19.5 MEA Carotenoids Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
  • 19.6 MEA Carotenoids Market by Application (USD Million) & Sales Volume (Units) [2024-2031]

Chapter 20: Research Findings & Conclusion
  • 20.1 Key Findings
  • 20.2 Conclusion

Chapter 21: Methodology and Data Source
  • 21.1 Research Methodology & Approach
    • 21.1.1 Research Program/Design
    • 21.1.2 Market Size Estimation
    • 21.1.3 Market Breakdown and Data Triangulation
  • 21.2 Data Source
    • 21.2.1 Secondary Sources
    • 21.2.2 Primary Sources

Chapter 22: Appendix & Disclaimer
  • 22.1 Acronyms & bibliography
  • 22.2 Disclaimer

Frequently Asked Questions (FAQ):

The Global Carotenoids market size surpassed 2.5 Billion in 2023 and will expand at a CAGR of 8% between 2023 and 2031.

The Carotenoids Market is estimated to grow at a CAGR of 8%, currently pegged at 2.5 Billion.

Demand For Carotenoid In Cosmetic And Beauty Products Is On Rising, are seen to make big Impact on Carotenoids Market Growth.

The leaders in the Global Carotenoids Market such as DSM Nutrition & Health (Netherlands), Chr. Hansen (Denmark), FMC Corporation (United States), Cyanotech Corporation (United States), BASF Nutrition (Germany), Lycored (United States), Kemin Industries (United States), Dohler Group (Germany) are targeting innovative and differentiated growth drivers some of them are Continuous Consumption Of Carotenoid In Food And Beverages Industry, Growing Use In Pharmaceutical Industry,

As Industry players prepare to scale up, Carotenoids Market sees major concern such as High Cost, Raw Material Sourcing, Regulations.

Some of the opportunities that Analyst at HTF MI have identified in Carotenoids Market are:
  • Continuous Consumption Of Carotenoid In Food And Beverages Industry
  • Growing Use In Pharmaceutical Industry

DSM Nutrition & Health (Netherlands), Chr. Hansen (Denmark), FMC Corporation (United States), Cyanotech Corporation (United States), BASF Nutrition (Germany), Lycored (United States), Kemin Industries (United States), Dohler Group (Germany) etc are the main players listed in the Global Carotenoids Market Study.

Research paper of Global Carotenoids Market shows that companies are making better progress than their supply chain peers –including suppliers, majorly in end-use applications such as Food, Cosmetics, Pharmaceuticals, Nutraceuticals, Animal feed.

The Global Carotenoids Market Study is segmented by Beta-carotene, Lutein, Zeaxanthin, Astaxanthin, Lycopene.

The Global Carotenoids Market Study includes regional breakdown as North America, LATAM, West Europe,Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA

Historical Year: 2019 - 2023; Base year: 2023; Forecast period: 2025 to 2031

Carotenoids are plant pigments responsible for bright red, yellow and orange colors in many fruits and vegetables and are normally found in microorganisms, algae, and plants. They help in photosynthesis by absorbing the light energy. Carotenoids have many health benefits because of its antioxidant properties. Rising cardiovascular diseases among the aged population are driving the global market growth of carotenoids.
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