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Carotenoids Market
Carotenoids Market by Type (Astaxanthin, Beta-carotene, Lutein, Lycopene, Zeaxanthin), Form (Beadlets, Liquid), Source (Synthetic, Natural), Application (Feed, Food & Beverages, Dietary Supplements, Cosmetics, Pharmaceuticals) - Global Forecast to 2030
Report ID:MRFB - 104756 Pages: 200 Jun-2024 Formats*: PDF Category: Food and Beverages Delivery: 24 to 72 HoursThe Carotenoids Market is expected to reach $2.26 billion by 2030, at a CAGR of 3.8% during the forecast period of 2024 to 2030. The increasing demand for natural colorants, rising incidence of eye diseases and cancer, increasing awareness regarding clean-label products, and growing demand for natural skincare cosmetics are the key factors driving the growth of the carotenoids market. Furthermore, the increasing use of carotenoids in aquaculture and emerging economies in Asia-Pacific, Latin America, and the Middle East & Africa are expected to provide significant opportunities for the players operating in this market.
The Impact of COVID-19 on the Carotenoids Market
The COVID-19 outbreak created a severe public health emergency globally, with its quick spread in more than 150 countries. Numerous countries worldwide declared emergencies and announced complete nationwide, statewide, or citywide lockdowns to combat & control the spread of this disease, halting all travel, transport, manufacturing, educational institutions, and non-essential trade, significantly impacting many industries globally, including animal feed, food & beverage, dietary supplements, and cosmetics.
The lockdowns forced the temporary closure of manufacturing facilities. Governments also enforced restrictions on operating capacities to ensure social distancing and curb the spread of the infection. Supply chains were disrupted, resulting in production limitations, complications in raw materials sourcing, and higher delivery costs, impacting the overall carotenoids market. Moreover, governments announced a temporary ban on foreign air travel. These factors affected the sales of carotenoid products.
Moreover, the global cosmetic industry is a multi-billion-dollar industry that took a financial hit in 2020 due to the COVID-19 pandemic. Several factors, such as the shutdown of retail businesses; in-store shopping, salons, and beauty boutiques; working from home; physical distancing; and mandatory wearing of masks in many countries, impacted the cosmetic industry. Also, the global export of chicken, beef, and pork witnessed a significant decline due to the challenges posed by the outbreak of the COVID-19 pandemic.
Further, the U.S. government imposed curfews, resulting in many farmers resorting to panic-buying of animal feed to avoid potential shortages. According to the American Feed Association, estimated animal feed consumption at the beginning of 2020 was 252.6 million tons; later, the consumption rate fell to 1.7%, at an estimated 248.4 million tons, with 4.2 million tons less feed consumed. Additionally, the transportation & logistics sector was significantly affected due to employees contracting COVID-19, which reduced deliveries and compelled farmers to stock their animal feed supplies. In addition, restrictions on the export and import of non-essential products due to temporary border closures in some countries further hindered the growth of this market.
However, according to an article published by Nutrition Outlook, the sales of dietary supplements increased during the pandemic due to their ability to strengthen the immune system against COVID-19. During the last week of March 2020, the sales of dietary supplements in the U.S. sharply increased by more than 35%. Thus, the growing demand for dietary supplements is expected to propel the growth of the carotenoids market.
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Increasing Demand for Natural Colorants Drive the Growth of the Carotenoids Market
The preference for natural colorants over synthetic colorants is increasing due to growing consumer awareness regarding organic products, the health hazards of synthetic colorants, and the health benefits of natural colorants. The use of artificial ingredients to enhance food production has led to various health hazards. Nowadays, consumers’ rising health consciousness and growing inclination towards environment-friendly products are driving the demand for naturally grown food products across the globe. Thus, to cater to the growing demand for natural food products, food manufacturers widely use natural food colors to restore the attractiveness of food & beverage products after processing.
Natural colorants or dyes are mainly obtained from plants, animals, fruits, insects, and minerals, making them safe to use as a food additive, as they are free from harmful side effects. The therapeutic use of natural colorants is also increasing due to their non-toxic/less toxic nature and fewer side effects than artificial colorants. Also, governments of various countries are supporting the use of natural colorants as they are biodegradable and do not cause pollution after disposal. Moreover, several regulations promoting the use of natural colorants have been passed in many regions, which is further expected to drive the demand for natural colorants across the globe.
The demand for organic foods is constantly increasing, mainly due to consumers’ perception that they are healthier and safer than conventional foods. Organic food is produced without synthetic fertilizers, pesticides, growth hormones, antibiotics, and Genetically Modified Organisms (GMOs). Natural colorants are widely used in organic foods to make them more attractive. Furthermore, the expansion of the food & beverage industry has positively impacted the global natural colorants market, as natural food consumption is increasing globally.
Also, carotenoids are widely used as natural colorants in dairy & bakery products, such as margarine, cheese, and confectionery items. Recently, natural carotenoids have gained much traction in the food & beverage industry as a substitute for synthetic carotenoids, which have been discovered to negatively impact human health upon consumption. There is a growing interest in natural carotenoids in the food & beverage industry due to their preventive effects on chronic diseases. Therefore, the growing demand for organic foods and the expanding food & beverage industry fuel the demand for natural colorants such as natural carotenoids, which is expected to boost the growth of the carotenoids market.
Key Findings in the Carotenoids Market Study:
In 2024, the Astaxanthin Segment to Dominate the Carotenoids Market
Based on type, in 2024, the astaxanthin segment is expected to account for the largest share of the carotenoids market. The large market share of this segment is attributed to the high demand for astaxanthin in nutraceutical applications due to its antioxidant properties, the rising demand for astaxanthin for the treatment of cancer, increased demand for astaxanthin in the aquaculture & animal feed industries, growth in the health-conscious population, and the rising adoption of novel technologies to increase the production of astaxanthin.
In 2024, the Beadlets Segment to Dominate the Carotenoids Market
Based on form, in 2024, the beadlets segment is expected to account for the largest share of the carotenoids market. The large share of this segment is mainly attributed to its benefits, such as increased stability, cold water dispersion, high purity, and enhanced shelf life. Beadlet carotenoids are free-flowing spherical particles developed from spray drying technology. Beadlet carotenoids offer good flow properties for easy handling, good particle size distribution, and high strength during tableting with resistance to pressures up to 10 tonnes/cm2.
The Natural Carotenoids Segment to Witness Highest Demand During the Forecast Period
Based on source, in 2024, the natural carotenoids segment is projected to witness significant growth during the forecast period of 2024–2030. The rapid growth of this segment is mainly attributed to the growing consumer inclination towards food & beverages, cosmetics, pharmaceuticals, and other products that are produced by adopting natural ingredients. In addition, factors such as unique antioxidant and coloring properties, short life cycles, active isoprenoid metabolism precursors for the carotenogenic pathway, and adequate storage capacity make these ideal cell factories for producing high-value carotenoids are expected to fuel the growth of this segment.
In 2024, the Feed Segment to Dominate the Carotenoids Market
Based on application, in 2024, the feed segment is expected to account for the largest share of the carotenoids market. The large market share of this segment is attributed to the rising growth of the aquaculture industry, increased seafood consumption, increased production of compound feed, growing demand for animal protein, and increasing demand for nutritious animal feed. These also help increase immunity and improve the health of livestock by enhancing the quality of nutrition, thus making the feed segment the largest in the carotenoids market based on application.
Asia-Pacific: Fastest-growing Regional Market
Based on geography, in 2024, Europe is expected to account for the largest share of the carotenoids market, followed by North America, Asia-Pacific, Latin America, and the Middle East & Africa. The major market share of Europe is attributed to the growing food & beverage industry, rising health and wellness trend, rising meat consumption, and rising feed production, a well-established cosmetics industry, and the increasing demand for seafood as more and more people are becoming aware of the health benefits of fish consumption. Further, the increase in the aging population in the region has led to a surge in demand for lutein, lycopene, and beta-carotene to treat cataracts and reduce the risk of diabetes, cancer, and other heart-related issues.
However, the market in Asia-Pacific is slated to register the fastest growth rate during the forecast period. The fast growth of this regional market is mainly due to the growing animal feed industry, increasing adoption of natural carotenoids in the food & beverage industry, increasing consumer preference for natural ingredients, and growing consumer awareness regarding the negative effects of synthetic carotenoids.
Key Players
The report includes a competitive landscape based on an extensive assessment of the key growth strategies adopted by leading market participants in the carotenoids market between 2020 and 2024. The key players profiled in this carotenoids market study are Allied Biotech Corporation (China), BASF SE (Germany), Chr. Hansen Holding A/S (Denmark), Cyanotech Corporation (U.S.), DDW, Inc. (U.S.), Deinove SA (France), Divi's Laboratories Limited (India), Döhler GmbH (Germany), ExcelVite Sdn. Bhd. (Malaysia), Kemin Industries, Inc. (U.S.), Koninklijke DSM N.V. (Netherlands), Lycored Corp. (Israel), Novus International, Inc. (U.S.), Vidya Europe SAS (France), and Zhejiang NHU Co., Ltd. (China).
Scope of the Report
Carotenoids Market, by Type
- Astaxanthin
- Beta-carotene
- Lutein
- Lycopene
- Canthaxanthin
- Zeaxanthin
- Other Carotenoids
Carotenoids Market, by Form
- Beadlets
- Powder
- Liquid
- Gel
- Other Forms
Carotenoids Market, by Source
- Synthetic Carotenoids
- Natural Carotenoids
- Plant-sourced Natural Carotenoids
- Microorganism-sourced Natural Carotenoids
- Algae-sourced Natural Carotenoids
Carotenoids Market, by Application
- Feed
- Food & Beverages
- Dietary Supplements
- Cosmetics
- Pharmaceuticals
- Other Applications
Carotenoids Market, by Geography
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe (RoE)
- Asia-Pacific (APAC)
- China
- Japan
- India
- Australia
- Rest of Asia-Pacific (RoAPAC)
- Latin America (LATAM)
- Brazil
- Mexico
- Argentina
- Rest of Latin America (RoLATAM)
- Middle East & Africa (MEA)
Key Questions Answered in the Report:
This report covers the market sizes & forecasts of the carotenoids market based on type, form, source, application, and geography. This report also provides the value analysis of various segments and subsegments of the carotenoids market at the regional and country levels.
The carotenoids market is projected to reach a value of $2.26 billion by 2030, growing at a CAGR of 3.8% during the forecast period.
Based on type, in 2024, the astaxanthin segment is estimated to account for the largest share of the carotenoids market.
Based on application, in 2024, the feed segment is expected to account for the largest share of the carotenoids market. However, the dietary supplements segment is slated to register the fastest growth rate during the forecast period. The growth of this segment is attributed to the rising prevalence of chronic diseases and the shift in consumer preferences towards natural carotenoids due to rising health awareness.
This market is driven by the increasing demand for natural colorants, rising incidence of eye diseases and cancer, increasing awareness regarding clean-label products, and growing demand for natural skincare cosmetics. Furthermore, the increasing use of carotenoids in aquaculture and emerging economies in Asia-Pacific, Latin America, and the Middle East & Africa provide significant opportunities for the growth of this market.
The key players operating in the carotenoids market are Allied Biotech Corporation (China), BASF SE (Germany), Chr. Hansen Holding A/S (Denmark), Cyanotech Corporation (U.S.), DDW, Inc. (U.S.), Deinove SA (France), Divi's Laboratories Limited (India), Döhler GmbH (Germany), ExcelVite Sdn. Bhd. (Malaysia), Kemin Industries, Inc. (U.S.), Koninklijke DSM N.V. (Netherlands), Lycored Corp. (Israel), Novus International, Inc. (U.S.), Vidya Europe SAS (France), and Zhejiang NHU Co., Ltd. (China).
Countries from Asia & Latin America are projected to offer significant growth opportunities for the vendors in this market due to factors such as the growing population, the region’s growing food & beverage processing sector, substantial growth in the livestock sector, increasing pharmaceutical industry, and growing focus on wellness trends.
1. Introduction
1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency
1.4. Key Stakeholders
2. Research Methodology
2.1. Research Process
2.2. Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research
2.3. Market Assessment
2.3.1. Market Size Estimation
2.3.1.1. Bottom-up Approach
2.3.1.2. Top-down Approach
2.3.1.3. Growth Forecast
2.3.2. Market Share Estimation
2.4. Assumptions for the Study
2.5. Limitations of the Study
3. Executive Summary
3.1. Introduction
3.2. Segment Analysis
3.2.1. Carotenoids Market Analysis: by Type
3.2.2. Carotenoids Market Analysis: by Form
3.2.3. Carotenoids Market Analysis: by Source
3.2.4. Carotenoids Market Analysis: by Application
3.3. Regional Analysis
3.4. Market Competitors
4. Market Insights
4.1. Introduction
4.2. Drivers
4.2.1. Growing Demand for Natural Colorants
4.2.2. Rising Incidence of Eye Diseases and Cancer
4.2.3. Increasing Awareness Regarding Clean-label Products
4.2.4. Growing Demand for Natural Skincare Cosmetics
4.3. Restraints
4.3.1. Stringent Regulatory and Approval Norms
4.3.2. High Cost of Natural Pigments
4.4. Opportunities
4.4.1. Increasing Use of Carotenoids in Aquaculture
4.4.2. Emerging Economies in Asia-Pacific, Latin America, and the Middle East & Africa
4.5. The Impact of COVID-19 on the Global Carotenoids Market
5. Global Carotenoids Market, by Type
5.1. Introduction
5.2. Astaxanthin
5.3. Beta-carotene
5.4. Lutein
5.5. Lycopene
5.6. Canthaxanthin
5.7. Zeaxanthin
5.8. Other Carotenoids
6. Global Carotenoids Market, by Form
6.1. Introduction
6.2. Beadlets
6.3. Powder
6.4. Liquid
6.5. Gel
6.6. Other Forms
7. Global Carotenoids Market, by Source
7.1. Introduction
7.2. Synthetic Carotenoids
7.3. Natural Carotenoids
7.3.1. Plant-sourced Natural Carotenoids
7.3.2. Microorganism-sourced Natural Carotenoids
7.3.3. Algae-sourced Natural Carotenoids
8. Global Carotenoids Market, by Application
8.1. Introduction
8.2. Feed
8.3. Food & Beverages
8.4. Dietary Supplements
8.5. Cosmetics
8.6. Pharmaceuticals
8.7. Other Applications
9. Carotenoids Market, by Geography
9.1. Introduction
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.3.6. Rest of Europe (RoE)
9.4. Asia-Pacific
9.4.1. China
9.4.2. India
9.4.3. Japan
9.4.4. Australia
9.4.5. Rest of Asia-Pacific (RoAPAC)
9.5. Latin America
9.5.1. Brazil
9.5.2. Mexico
9.5.3. Argentina
9.5.4. Rest of Latin America (RoLATAM)
9.6. Middle East & Africa
10. Competitive Landscape
10.1. Introduction
10.2. Key Strategic Developments
10.3. Competitive Benchmarking
10.4. Market Share Analysis, by Key Players, 2022 (%)
11. Company Profiles (Business Overview, Financial Overview, Product Portfolio, Strategic Developments)
11.1. Allied Biotech Corporation
11.2. BASF SE
11.3. Chr. Hansen Holding A/S
11.4. Cyanotech Corporation
11.5. DDW, Inc. (Part of Givaudan SA)
11.6. Deinove SA
11.7. Divi's Laboratories Limited
11.8. Döhler GmbH
11.9. ExcelVite Sdn. Bhd.
11.10. Kemin Industries, Inc.
11.11. Koninklijke DSM N.V.
11.12. Lycored Corp.
11.13. Novus International, Inc.
11.14. Vidya Europe SAS
11.15. Zhejiang NHU Co., Ltd.
11.16. Other Companies
12. Appendix
12.1. Questionnaire
12.2. Available Customization
List of Tables
Table 1 Global Carotenoids Market, Impact Analysis of Market Drivers, 2024–2030
Table 2 Global Carotenoids Market, Impact Analysis of Market Restraints, 2024–2030
Table 3 Global Carotenoids Market Size, by Type, 2021–2030 (USD Million)
Table 4 Global Astaxanthin Market Size, by Country/Region, 2021–2030 (USD Million)
Table 5 Global Beta-carotene Market Size, by Country/Region, 2021–2030 (USD Million)
Table 6 Global Lutein Market Size, by Country/Region, 2021–2030 (USD Million)
Table 7 Global Lycopene Market Size, by Country/Region, 2021–2030 (USD Million)
Table 8 Global Canthaxanthin Market Size, by Country/Region, 2021–2030 (USD Million)
Table 9 Global Zeaxanthin Market Size, by Country/Region, 2021–2030 (USD Million)
Table 10 Global Other Carotenoids Market Size, by Country/Region, 2021–2030 (USD Million)
Table 11 Global Carotenoids Market Size, by Form, 2021–2030 (USD Million)
Table 12 Global Beadlets Carotenoids Market Size, by Country/Region, 2021–2030 (USD Million)
Table 13 Global Powder Carotenoids Market Size, by Country/Region, 2021–2030 (USD Million)
Table 14 Global Liquid Carotenoids Market Size, by Country/Region, 2021–2030 (USD Million)
Table 15 Global Gel Carotenoids Market Size, by Country/Region, 2021–2030 (USD Million)
Table 16 Global Other Forms Carotenoids Market Size, by Country/Region, 2021–2030 (USD Million)
Table 17 Global Carotenoids Market Size, by Source, 2021–2030 (USD Million)
Table 18 Global Synthetic Carotenoids Market Size, by Country/Region, 2021–2030 (USD Million)
Table 19 Global Natural Carotenoids Market Size, by Type, 2021–2030 (USD Million)
Table 20 Global Natural Carotenoids Market Size, by Country/Region, 2021–2030 (USD Million)
Table 21 Global Plant-sourced Natural Carotenoids Market Size, by Country/Region, 2021–2030 (USD Million)
Table 22 Global Microorganism-sourced Natural Carotenoids Market Size, by Country/Region, 2021–2030 (USD Million)
Table 23 Global Algae-sourced Natural Carotenoids Market Size, by Country/Region, 2021–2030 (USD Million)
Table 24 Global Carotenoids Market Size, by Application, 2021–2030 (USD Million)
Table 25 Global Carotenoids Market Size for Feed, by Country/Region, 2021–2030 (USD Million)
Table 26 Global Carotenoids Market Size for Food & Beverages, by Country/Region, 2021–2030 (USD Million)
Table 27 Global Carotenoids Market Size for Dietary Supplements, by Country/Region, 2021–2030 (USD Million)
Table 28 Global Carotenoids Market Size for Cosmetics, by Country/Region, 2021–2030 (USD Million)
Table 29 Global Carotenoids Market Size for Pharmaceuticals, by Country/Region, 2021–2030 (USD Million)
Table 30 Global Carotenoids Market Size for Other Applications, by Country/Region, 2021–2030 (USD Million)
Table 31 Global Carotenoids Market Size, by Region, 2021–2030 (USD Million)
Table 32 North America: Carotenoids Market Size, by Country, 2021–2030 (USD Million)
Table 33 North America: Carotenoids Market Size, by Type, 2021–2030 (USD Million)
Table 34 North America: Carotenoids Market Size, by Form, 2021–2030 (USD Million)
Table 35 North America: Carotenoids Market Size, by Source, 2021–2030 (USD Million)
Table 36 North America: Natural Carotenoids Market Size, by Type, 2021–2030 (USD Million)
Table 37 North America: Carotenoids Market Size, by Application, 2021–2030 (USD Million)
Table 38 U.S.: Carotenoids Market Size, by Type, 2021–2030 (USD Million)
Table 39 U.S.: Carotenoids Market Size, by Form, 2021–2030 (USD Million)
Table 40 U.S.: Carotenoids Market Size, by Source, 2021–2030 (USD Million)
Table 41 U.S.: Natural Carotenoids Market Size, by Type, 2021–2030 (USD Million)
Table 42 U.S.: Carotenoids Market Size, by Application, 2021–2030 (USD Million)
Table 43 Canada: Carotenoids Market Size, by Type, 2021–2030 (USD Million)
Table 44 Canada: Carotenoids Market Size, by Form, 2021–2030 (USD Million)
Table 45 Canada: Carotenoids Market Size, by Source, 2021–2030 (USD Million)
Table 46 Canada: Natural Carotenoids Market Size, by Type, 2021–2030 (USD Million)
Table 47 Canada: Carotenoids Market Size, by Application, 2021–2030 (USD Million)
Table 48 Europe: Carotenoids Market Size, by Country/Region, 2021–2030 (USD Million)
Table 49 Europe: Carotenoids Market Size, by Type, 2021–2030 (USD Million)
Table 50 Europe: Carotenoids Market Size, by Form, 2021–2030 (USD Million)
Table 51 Europe: Carotenoids Market Size, by Source, 2021–2030 (USD Million)
Table 52 Europe: Natural Carotenoids Market Size, by Type, 2021–2030 (USD Million)
Table 53 Europe: Carotenoids Market Size, by Application, 2021–2030 (USD Million)
Table 54 Germany: Carotenoids Market Size, by Type, 2021–2030 (USD Million)
Table 55 Germany: Carotenoids Market Size, by Form, 2021–2030 (USD Million)
Table 56 Germany: Carotenoids Market Size, by Source, 2021–2030 (USD Million)
Table 57 Germany: Natural Carotenoids Market Size, by Type, 2021–2030 (USD Million)
Table 58 Germany: Carotenoids Market Size, by Application, 2021–2030 (USD Million)
Table 59 France: Carotenoids Market Size, by Type, 2021–2030 (USD Million)
Table 60 France: Carotenoids Market Size, by Form, 2021–2030 (USD Million)
Table 61 France: Carotenoids Market Size, by Source, 2021–2030 (USD Million)
Table 62 France: Natural Carotenoids Market Size, by Type, 2021–2030 (USD Million)
Table 63 France: Carotenoids Market Size, by Application, 2021–2030 (USD Million)
Table 64 U.K.: Carotenoids Market Size, by Type, 2021–2030 (USD Million)
Table 65 U.K.: Carotenoids Market Size, by Form, 2021–2030 (USD Million)
Table 66 U.K.: Carotenoids Market Size, by Source, 2021–2030 (USD Million)
Table 67 U.K.: Natural Carotenoids Market Size, by Type, 2021–2030 (USD Million)
Table 68 U.K.: Carotenoids Market Size, by Application, 2021–2030 (USD Million)
Table 69 Italy: Carotenoids Market Size, by Type, 2021–2030 (USD Million)
Table 70 Italy: Carotenoids Market Size, by Form, 2021–2030 (USD Million)
Table 71 Italy: Carotenoids Market Size, by Source, 2021–2030 (USD Million)
Table 72 Italy: Natural Carotenoids Market Size, by Type, 2021–2030 (USD Million)
Table 73 Italy: Carotenoids Market Size, by Application, 2021–2030 (USD Million)
Table 74 Spain: Carotenoids Market Size, by Type, 2021–2030 (USD Million)
Table 75 Spain: Carotenoids Market Size, by Form, 2021–2030 (USD Million)
Table 76 Spain: Carotenoids Market Size, by Source, 2021–2030 (USD Million)
Table 77 Spain: Natural Carotenoids Market Size, by Type, 2021–2030 (USD Million)
Table 78 Spain: Carotenoids Market Size, by Application, 2021–2030 (USD Million)
Table 79 Rest of Europe: Carotenoids Market Size, by Type, 2021–2030 (USD Million)
Table 80 Rest of Europe: Carotenoids Market Size, by Form, 2021–2030 (USD Million)
Table 81 Rest of Europe: Carotenoids Market Size, by Source, 2021–2030 (USD Million)
Table 82 Rest of Europe: Natural Carotenoids Market Size, by Type, 2021–2030 (USD Million)
Table 83 Rest of Europe: Carotenoids Market Size, by Application, 2021–2030 (USD Million)
Table 84 Asia-Pacific: Carotenoids Market Size, by Country/Region, 2021–2030 (USD Million)
Table 85 Asia-Pacific: Carotenoids Market Size, by Type, 2021–2030 (USD Million)
Table 86 Asia-Pacific: Carotenoids Market Size, by Form, 2021–2030 (USD Million)
Table 87 Asia-Pacific: Carotenoids Market Size, by Source, 2021–2030 (USD Million)
Table 88 Asia-Pacific: Natural Carotenoids Market Size, by Type, 2021–2030 (USD Million)
Table 89 Asia-Pacific: Carotenoids Market Size, by Application, 2021–2030 (USD Million)
Table 90 China: Carotenoids Market Size, by Type, 2021–2030 (USD Million)
Table 91 China: Carotenoids Market Size, by Form, 2021–2030 (USD Million)
Table 92 China: Carotenoids Market Size, by Source, 2021–2030 (USD Million)
Table 93 China: Natural Carotenoids Market Size, by Type, 2021–2030 (USD Million)
Table 94 China: Carotenoids Market Size, by Application, 2021–2030 (USD Million)
Table 95 India: Carotenoids Market Size, by Type, 2021–2030 (USD Million)
Table 96 India: Carotenoids Market Size, by Form, 2021–2030 (USD Million)
Table 97 India: Carotenoids Market Size, by Source, 2021–2030 (USD Million)
Table 98 India: Natural Carotenoids Market Size, by Type, 2021–2030 (USD Million)
Table 99 India: Carotenoids Market Size, by Application, 2021–2030 (USD Million)
Table 100 Japan: Carotenoids Market Size, by Type, 2021–2030 (USD Million)
Table 101 Japan: Carotenoids Market Size, by Form, 2021–2030 (USD Million)
Table 102 Japan: Carotenoids Market Size, by Source, 2021–2030 (USD Million)
Table 103 Japan: Natural Carotenoids Market Size, by Type, 2021–2030 (USD Million)
Table 104 Japan: Carotenoids Market Size, by Application, 2021–2030 (USD Million)
Table 105 Australia: Carotenoids Market Size, by Type, 2021–2030 (USD Million)
Table 106 Australia: Carotenoids Market Size, by Form, 2021–2030 (USD Million)
Table 107 Australia: Carotenoids Market Size, by Source, 2021–2030 (USD Million)
Table 108 Australia: Natural Carotenoids Market Size, by Type, 2021–2030 (USD Million)
Table 109 Australia: Carotenoids Market Size, by Application, 2021–2030 (USD Million)
Table 110 Rest of Asia-Pacific: Carotenoids Market Size, by Type, 2021–2030 (USD Million)
Table 111 Rest of Asia-Pacific: Carotenoids Market Size, by Form, 2021–2030 (USD Million)
Table 112 Rest of Asia-Pacific: Carotenoids Market Size, by Source, 2021–2030 (USD Million)
Table 113 Rest of Asia-Pacific: Natural Carotenoids Market Size, by Type, 2021–2030 (USD Million)
Table 114 Rest of Asia-Pacific: Carotenoids Market Size, by Application, 2021–2030 (USD Million)
Table 115 Latin America: Carotenoids Market Size, by Country/Region, 2021–2030 (USD Million)
Table 116 Latin America: Carotenoids Market Size, by Type, 2021–2030 (USD Million)
Table 117 Latin America: Carotenoids Market Size, by Form, 2021–2030 (USD Million)
Table 118 Latin America: Carotenoids Market Size, by Source, 2021–2030 (USD Million)
Table 119 Latin America: Natural Carotenoids Market Size, by Type, 2021–2030 (USD Million)
Table 120 Latin America: Carotenoids Market Size, by Application, 2021–2030 (USD Million)
Table 121 Brazil: Carotenoids Market Size, by Type, 2021–2030 (USD Million)
Table 122 Brazil: Carotenoids Market Size, by Form, 2021–2030 (USD Million)
Table 123 Brazil: Carotenoids Market Size, by Source, 2021–2030 (USD Million)
Table 124 Brazil: Natural Carotenoids Market Size, by Type, 2021–2030 (USD Million)
Table 125 Brazil: Carotenoids Market Size, by Application, 2021–2030 (USD Million)
Table 126 Mexico: Carotenoids Market Size, by Type, 2021–2030 (USD Million)
Table 127 Mexico: Carotenoids Market Size, by Form, 2021–2030 (USD Million)
Table 128 Mexico: Carotenoids Market Size, by Source, 2021–2030 (USD Million)
Table 129 Mexico: Natural Carotenoids Market Size, by Type, 2021–2030 (USD Million)
Table 130 Mexico: Carotenoids Market Size, by Application, 2021–2030 (USD Million)
Table 131 Argentina: Carotenoids Market Size, by Type, 2021–2030 (USD Million)
Table 132 Argentina: Carotenoids Market Size, by Form, 2021–2030 (USD Million)
Table 133 Argentina: Carotenoids Market Size, by Source, 2021–2030 (USD Million)
Table 134 Argentina: Natural Carotenoids Market Size, by Type, 2021–2030 (USD Million)
Table 135 Argentina: Carotenoids Market Size, by Application, 2021–2030 (USD Million)
Table 136 Rest of Latin America: Carotenoids Market Size, by Type, 2021–2030 (USD Million)
Table 137 Rest of Latin America: Carotenoids Market Size, by Form, 2021–2030 (USD Million)
Table 138 Rest of Latin America: Carotenoids Market Size, by Source, 2021–2030 (USD Million)
Table 139 Rest of Latin America: Natural Carotenoids Market Size, by Type, 2021–2030 (USD Million)
Table 140 Rest of Latin America: Carotenoids Market Size, by Application, 2021–2030 (USD Million)
Table 141 Middle East & Africa: Carotenoids Market Size, by Type, 2021–2030 (USD Million)
Table 142 Middle East & Africa: Carotenoids Market Size, by Form, 2021–2030 (USD Million)
Table 143 Middle East & Africa: Carotenoids Market Size, by Source, 2021–2030 (USD Million)
Table 144 Middle East & Africa: Natural Carotenoids Market Size, by Type, 2021–2030 (USD Million)
Table 145 Middle East & Africa: Carotenoids Market Size, by Application, 2021–2030 (USD Million)
Table 146 Number of Developments by Major Players During 2020–2024
List of Figures
Figure 1 Market Ecosystem
Figure 2 Research Process
Figure 3 Key Secondary Sources
Figure 4 Primary Research Techniques
Figure 5 Key Executives Interviewed
Figure 6 Breakdown of Primary Interviews (Supply-Side & Demand-Side)
Figure 7 Market Size Estimation
Figure 8 In 2024, the Astaxanthin Segment is Expected to Account for the Largest Share
Figure 9 The Beadlets Segment to Register the Highest CAGR During 2024–2030
Figure 10 In 2024, the Synthetic Carotenoids Segment is Expected to Dominate the Market
Figure 11 In 2024, the Feed Segment is Expected to Dominate the Market
Figure 12 Asia-Pacific to be the Fastest-Growing Regional Market
Figure 13 Market Dynamics
Figure 14 Global Carotenoids Market Size, by Type, 2024 Vs. 2030 (USD Million)
Figure 15 Global Carotenoids Market Size, by Form, 2024 Vs. 2030 (USD Million)
Figure 16 Global Carotenoids Market Size, by Source, 2024 Vs. 2030 (USD Million)
Figure 17 Global Natural Sourced Carotenoids Market Size, by Type, 2024 Vs. 2030 (USD Million)
Figure 18 Global Carotenoids Market Size, by Application, 2024 Vs. 2030 (USD Million)
Figure 19 Global Carotenoids Market Size, by Region, 2024 Vs. 2030 (USD Million)
Figure 20 North America: Carotenoids Market Snapshot (2024)
Figure 21 Europe: Carotenoids Market Snapshot (2024)
Figure 22 Asia-Pacific: Carotenoids Market Snapshot (2024)
Figure 23 Latin America: Carotenoids Market Snapshot (2024)
Figure 24 Middle East & Africa: Carotenoids Market Snapshot (2024)
Figure 25 Key Growth Strategies Adopted by Leading Players (2020–2024)
Figure 26 Carotenoids Market: Competitive Benchmarking, by Type
Figure 27 Carotenoids Market Share Analysis, by Key Players, 2022 (%)
Figure 28 BASF SE: Financial Overview (2022)
Figure 29 Chr. Hansen Holding A/S: Financial Overview (2022)
Figure 30 Cyanotech Corporation: Financial Overview (2022)
Figure 31 Givaudan SA: Financial Overview (2022)
Figure 32 Deinove SA: Financial Overview (2022)
Figure 33 Divi's Laboratories Limited: Financial Overview (2022)
Figure 34 Koninklijke DSM N.V.: Financial Overview (2022)
Figure 35 Zhejiang NHU Co., Ltd.: Financial Overview (2022)
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