Feed Carotenoids Market: By Type of Animal, By Product Type and Geography

Feed Carotenoids Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type of Animal (Swine, Poultry, Ovine, Bovine, Equine, Canine, Aquaculture), By Product Type (Canthaxanthin, Beta-Carotene, Lutein, Zeaxanthin, Lycopene, Astaxanthin, Others) and Region

Feed Carotenoids Market size was valued at US$ 3.5 billion in 2023 and is projected to reach US$ 10.5 billion by 2030 at a CAGR of 4.2% from 2024 to 2030. Carotenoids are the natural pigments that are available in algae, plants and a few types of microorganisms. These are considered powerful antioxidant and rich source of vitamin A. Beta-carotene, zeaxanthin, lycopene, and canthaxanthin is different types of carotenoids. These have the immune system and anti-inflammatory benefits and sometimes help in heart disease prevention.

Carotenoids are vital factors in human and animal health and are very important for proper vision. Hence, intake of carotenoids in optimum quantities is essential for the prevention of deficiency-related disease development. Carotenoids are used on a large scale for animal feed due to their high nutritive value and pigmentation, which enhances the appearance of meat, meat products, and fish, among others along with palatability. Due to the growing concern of health consciousness and significance of quality meat is playing a vital role in feed carotenoid market. Carotenoids have rich nutritious properties that enable prevent cataract, diabetes, cancer, etc. They contain a colour pigment called as carotene that imparts orange, red and yellow colours to the animals and plants. The colouring of the products plays the major role in estimating the commercial value of that product.

Increase in the usage of carotenoids is expected to foster the feed carotenoids market over the forecast period. Carotenoids' diverse biological features have led to an increase in its use as an aquaculture feed supplement. Carotenoids are widely utilised in salmon, trout, and red porgy feed, as well as shellfish such as shrimp and lobster. Carotenoids are critical during the larval stage of aquaculture species, and fish larvae raised on live feeds containing carotenoids have a significantly higher survival rate. According to estimates, cultured aquaculture will account for over 20% of world fish and other aquaculture consumption by the end of 2021, compared to wild collecting.

Global Feed Carotenoids Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

4.2%

Largest Market

North America

Fastest Growing Market

North America

Feed Carotenoids Market Dynamics

Rise in consumption of meat, poultry and dairy products, growing concern about the outbreak of the animal diseases, growing domestic and international quick-service restaurants in developing countries and demand for quality meat products by consumers are expected to create demand feed carotenoids market. The growing demand for high-protein diets has positively influenced livestock production are the few factors drive the feed carotenoids market. However, lack of awareness, high prices of the raw materials may hinder the feed carotenoids market growth.

Global Feed Carotenoids Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 3.5 billion

Market Size in 2030

US$ 10.5 billion

Market CAGR

4.2%

By Type of Animal

  • Swine,
  • Poultry,
  • Ovine,
  • Bovine,
  • Equine,
  • Canine,
  • Aquaculture

By Product Type

  • Canthaxanthin,
  • Beta-Carotene,
  • Lutein,
  • Zeaxanthin,
  • Lycopene,
  • Astaxanthin,
  • Others

By Region

  • Asia Pacific
  • Europe
  • North America
  • Latin America
  • MEA

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • 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 start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

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Frequently Asked Questions

The feed carotenoids market size was valued at US$ 3.5 billion in 2023

The feed carotenoids market key players are: FMC Corporation (U.S.) Royal DSM N.V. (The Netherlands) BASF SE (Germany) Cyanotech Corporation (U.S.) Kemin Industries, Inc. (U.S.) Chr. Hansen A/S (Denmark).

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

Author image

Author

Manoj Kumar

Manoj Kumar is a postgraduate in Life Sciences with over seven years of dedicated experience in the fields of anima.....

1.Executive Summary
2.Global Feed Carotenoids Market Introduction 
2.1.Global Feed Carotenoids Market  - Taxonomy
2.2.Global Feed Carotenoids Market  - Definitions
2.2.1.Type of Animal
2.2.2.Product Type
2.2.3.Region
3.Global Feed Carotenoids Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Feed Carotenoids Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Feed Carotenoids Market  By Type of Animal, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Swine,
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Poultry,
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Ovine,
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Bovine,
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
5.5. Equine,
5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.5.3. Market Opportunity Analysis 
5.6. Canine,
5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.6.3. Market Opportunity Analysis 
5.7. Aquaculture
5.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.7.3. Market Opportunity Analysis 
6.Global Feed Carotenoids Market  By Product Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Canthaxanthin,
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Beta-Carotene,
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Lutein,
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Zeaxanthin,
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
6.5. Lycopene,
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.5.3. Market Opportunity Analysis 
6.6. Astaxanthin,
6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.6.3. Market Opportunity Analysis 
6.7. Others
6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.7.3. Market Opportunity Analysis 
7.Global Feed Carotenoids Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. North America
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Europe
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Asia Pacific (APAC)
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Middle East and Africa (MEA)
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Latin America
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
8.North America Feed Carotenoids Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. Type of Animal Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.1.1.Swine,
8.1.2.Poultry,
8.1.3.Ovine,
8.1.4.Bovine,
8.1.5.Equine,
8.1.6.Canine,
8.1.7.Aquaculture
8.2.  Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.2.1.Canthaxanthin,
8.2.2.Beta-Carotene,
8.2.3.Lutein,
8.2.4.Zeaxanthin,
8.2.5.Lycopene,
8.2.6.Astaxanthin,
8.2.7.Others
8.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.3.1.United States of America (USA)
8.3.2.Canada
9.Europe Feed Carotenoids Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. Type of Animal Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Swine,
9.1.2.Poultry,
9.1.3.Ovine,
9.1.4.Bovine,
9.1.5.Equine,
9.1.6.Canine,
9.1.7.Aquaculture
9.2.  Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Canthaxanthin,
9.2.2.Beta-Carotene,
9.2.3.Lutein,
9.2.4.Zeaxanthin,
9.2.5.Lycopene,
9.2.6.Astaxanthin,
9.2.7.Others
9.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Germany
9.3.2.France
9.3.3.Italy
9.3.4.United Kingdom (UK)
9.3.5.Spain
10.Asia Pacific (APAC) Feed Carotenoids Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Type of Animal Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Swine,
10.1.2.Poultry,
10.1.3.Ovine,
10.1.4.Bovine,
10.1.5.Equine,
10.1.6.Canine,
10.1.7.Aquaculture
10.2.  Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Canthaxanthin,
10.2.2.Beta-Carotene,
10.2.3.Lutein,
10.2.4.Zeaxanthin,
10.2.5.Lycopene,
10.2.6.Astaxanthin,
10.2.7.Others
10.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.China
10.3.2.India
10.3.3.Australia and New Zealand (ANZ)
10.3.4.Japan
10.3.5.Rest of APAC
11.Middle East and Africa (MEA) Feed Carotenoids Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Type of Animal Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Swine,
11.1.2.Poultry,
11.1.3.Ovine,
11.1.4.Bovine,
11.1.5.Equine,
11.1.6.Canine,
11.1.7.Aquaculture
11.2.  Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Canthaxanthin,
11.2.2.Beta-Carotene,
11.2.3.Lutein,
11.2.4.Zeaxanthin,
11.2.5.Lycopene,
11.2.6.Astaxanthin,
11.2.7.Others
11.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.GCC Countries
11.3.2.South Africa
11.3.3.Rest of MEA
12.Latin America Feed Carotenoids Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Type of Animal Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Swine,
12.1.2.Poultry,
12.1.3.Ovine,
12.1.4.Bovine,
12.1.5.Equine,
12.1.6.Canine,
12.1.7.Aquaculture
12.2.  Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Canthaxanthin,
12.2.2.Beta-Carotene,
12.2.3.Lutein,
12.2.4.Zeaxanthin,
12.2.5.Lycopene,
12.2.6.Astaxanthin,
12.2.7.Others
12.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Brazil
12.3.2.Mexico
12.3.3.Rest of LA
13. Competition Landscape
13.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
13.2.1.FMC Corporation (U.S.)
13.2.2.Royal DSM N.V. (The Netherlands)
13.2.3.BASF SE (Germany)
13.2.4.Cyanotech Corporation (U.S.)
13.2.5.Kemin Industries, Inc. (U.S.)
13.2.6.Chr. Hansen A/S (Denmark).
14. Research Methodology 
15. Appendix and Abbreviations 

Key Market Players

  • FMC Corporation (U.S.)
  • Royal DSM N.V. (The Netherlands)
  • BASF SE (Germany)
  • Cyanotech Corporation (U.S.)
  • Kemin Industries, Inc. (U.S.)
  • Chr. Hansen A/S (Denmark).

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