Carotenoids Market: By Source (Natural, Synthetic), By Technology (Manually Operated Inhalers, Digitally Operated Inhalers), By Type (Beta-carotene, Astaxanthin, Canthaxanthin, Zeaxanthin, Lutein, Lycopene, Annatto, Others), By Applications (Food & Beverages, Animal Feed, Pharmaceuticals, Cosmetics, Dietary Supplements), and Geography  

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Carotenoids market size was valued at USD 1.3 billion in 2022 and is expected to grow at a CAGR of 4.8% from 2023-2029. Carotenoids are the organic pigments, which are also called as the tetraterpenoids. Carotenoids belong to the class of phytonutrients. They are generally produced by the plants and algae, various bacteria and fungi and in some species of animals such as aphids and spider mites. The carotenoids are responsible for the red, yellow and orange hues in various fruits and vegetables. Carotenoids have the anti-inflammatory properties which help in the improvement of the immune system and also has the capability of preventing cardiovascular diseases. Carotenoids also have the cancer-fighting properties. Carotenoids act as the antioxidants and present in various organic fruits and vegetables such as mangoes, oranges, papaya, spinach, tomatoes, bell peppers and many others. The Carotenoids market report covers exhaustive regional information, that includes North America (the USA and Canada), Europe (Germany, France, Italy, UK, Spain, Russia, Poland and Rest of Europe), Asia-Pacific (Japan, China, India, Australia & New Zealand, ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others), South Korea, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentian, Venezula, and Rest of Latin America), and Middle East and Africa (Gulf Cooperation Council (GCC) Countries, Israel, South Africa, and Rest of Middle East and Africa).

Carotenoids Market Summary

Study Period

2023-29

Base Year

2022

CAGR

4.8%

Largest Market

North America

Fastest Growing Market

Asia Pacific
Drivers And Restraints

Increase in the prevalence of chronic conditions such as eye disorders, cancer and diabetes are the key factors anticipating the drive the growth of the carotenoids market. The growing health disorders such as nutrition deficiency and obesity and increasing health concerns are likely to drive the growth of the carotenoids market. The antioxidant property of the carotenoids is helpful in both the pharmaceutical industry as well as the cosmetic industry which is boosting the growth of the market. The higher cost involved in the production and the low yield of the carotenoid is likely to hamper the growth of the carotenoids market.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Carotenoids Market Segmentation

By Source
  • Natural
  • Synthetic
By Type
  • Beta-carotene
  • Astaxanthin
  • Canthaxanthin
  • Zeaxanthin
  • Lutein
  • Lycopene
  • Annatto
  • Others
By Application
  • Food & Beverages
  • Animal Feed
  • Pharmaceuticals
  • Cosmetics
  • Dietary Supplements
By Geography
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East Africa
LOCATION

Geography

Frequently Asked Questions

The key segments covered in the Carotenoids Market are technology, components, application, and end-users.

The Carotenoids Market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.

The Carotenoids Market key players are D. Williamson (U.S), DSM Nutritional Products (Netherlands), Allied Biotech (Taiwan), Naturex SA (France), Kemin Industries (U.S), Brenntag (Germany), ExcelVite Sdn. Bhd (Malaysia), Cyanotech Corp (U.S)

 

  1. Executive Summary
  2. Global Carotenoids Market Introduction
    • Global Carotenoids Market – Taxonomy
    • Global Carotenoids Market –Definitions
      • Source
      • Type
      • Application
  3. Global Carotenoids Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Carotenoids Market Dynamic Factors - Impact Analysis
    • Global Carotenoids Market – Competition Landscape
    • Epidemiology
  4. Global Carotenoids Market Analysis, 2018-2022 and Forecast, 2023-2029
    • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market OpportunityAnalysis
  5. Global Carotenoids Market, By Source, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
    • Natural
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Synthetic
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis

     6. Global Carotenoids Market Forecast, By Type, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)

    • Beta-carotene
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Astaxanthin
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Canthaxanthin
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Zeaxanthin
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Lutein
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Lycopene
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Annatto
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis

    7. Global Carotenoids Market Forecast, By Application, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)

    • Food & Beverages
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Animal Feed
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Pharmaceuticals
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Cosmetics
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Dietary Supplements
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis

    8. Global Carotenoids Market Forecast, By Region, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)

    • North America
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Carotenoids Market - Opportunity Analysis Index, By Source, By Type, By Application, and Region, 2023-2029

   9. North America Carotenoids MarketAnalysis,2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)

    • Source Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Natural
      • Synthetic
    • Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Beta-carotene
      • Astaxanthin
      • Canthaxanthin
      • Zeaxanthin
      • Lutein
      • Lycopene
      • Annatto
      • Others
    • Application Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Food & Beverages
      • Animal Feed
      • Pharmaceuticals
      • Cosmetics
      • Dietary Supplements
    • Country Analysis 2016 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • US
      • Canada
    • North America Carotenoids Market - Opportunity Analysis Index, By Source, By Type, By Application, and Country, 2023-2029
    • North America Carotenoids Market Dynamics – Trends

    10. Europe Carotenoids Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)

    • Source Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Natural
      • Synthetic
    • Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Beta-carotene
      • Astaxanthin
      • Canthaxanthin
      • Zeaxanthin
      • Lutein
      • Lycopene
      • Annatto
      • Others
    • Application Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Food & Beverages
      • Animal Feed
      • Pharmaceuticals
      • Cosmetics
      • Dietary Supplements
    • Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Poland
      • Rest of Europe
    • Europe Carotenoids Market - Opportunity Analysis Index, By Source, By Type, By Application, and Country, 2023-2029
    • Europe Carotenoids Market Dynamics – Trends

    11. Asia-Pacific Carotenoids Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)

    • Source Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Natural
      • Synthetic
    • Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Beta-carotene
      • Astaxanthin
      • Canthaxanthin
      • Zeaxanthin
      • Lutein
      • Lycopene
      • Annatto
      • Others
    • Application Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Food & Beverages
      • Animal Feed
      • Pharmaceuticals
      • Cosmetics
      • Dietary Supplements
    • Country Analysis2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Asia-Pacific Carotenoids Market - Opportunity Analysis Index, By Source, By Type, By Application, and Country, 2023-2029
    • Asia-Pacific Carotenoids Market Dynamics – Trends

    12. Latin America Carotenoids Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)

    • Source Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Natural
      • Synthetic
    • Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Beta-carotene
      • Astaxanthin
      • Canthaxanthin
      • Zeaxanthin
      • Lutein
      • Lycopene
      • Annatto
      • Others
    • Application Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Food & Beverages
      • Animal Feed
      • Pharmaceuticals
      • Cosmetics
      • Dietary Supplements
    • Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Venezuela
      • Rest of Latin America
    • Latin America Carotenoids Market - Opportunity Analysis Index, By Source, By Type, By Application, and Country, 2023-2029
    • Latin America Carotenoids Market Dynamics – Trends

   13. Middle East and Africa Carotenoids Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)

    • Source Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Natural
      • Synthetic
    • Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Beta-carotene
      • Astaxanthin
      • Canthaxanthin
      • Zeaxanthin
      • Lutein
      • Lycopene
      • Annatto
      • Others
    • Application Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Food & Beverages
      • Animal Feed
      • Pharmaceuticals
      • Cosmetics
      • Dietary Supplements
    • Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Carotenoids Market - Opportunity Analysis Index, By Source, By Type, By Application, and Country, 2023-2029
    • MEA Carotenoids Market Dynamics – Trends

    14. Competition Landscape

    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Source& Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Williamson (U.S)
      • DSM Nutritional Products (Netherlands)
      • Allied Biotech (Taiwan)
      • Naturex SA (France)
      • Kemin Industries (U.S)
      • Brenntag (Germany)
      • ExcelVite Sdn. Bhd (Malaysia)
      • Cyanotech Corp (U.S)

   15. Research Methodology

   16. Key Assumptions and Acronyms

 

  • D. Williamson (U.S)
  • DSM Nutritional Products (Netherlands)
  • Allied Biotech (Taiwan)
  • Naturex SA (France)
  • Kemin Industries (U.S)
  • Brenntag (Germany)
  • ExcelVite Sdn. Bhd (Malaysia)
  • Cyanotech Corp (U.S)