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Natural Carotenoids Market by Type (Astaxanthin, Beta-carotene, Lutein, Canthaxanthin), Form (Beadlets, Powder, Liquid, Gel), Source (Plant, Microorganisms, Algae), Application (Feed, Food & Beverage, Cosmetics, Pharmaceuticals) - Global Forecast to 2028

Report ID:MRFB - 104545 Pages: 169 Dec-2021 Formats*: PDF Category: Food and Beverages Delivery: 2 to 4 Hours

This report is executed in collaboration with the European Algae Biomass Association (EABA). Combining Meticulous Research®’ market intelligence services with EABA’s broad expertise in the development of research, technology and industrial capacities in the field of algae, the two organizations have leveraged their research capabilities to come up with the most reliable and accurate market assessments in this field.

The Natural Carotenoids Market is projected to reach $1.9 billion by 2028, at a CAGR of 7.4% during the forecast period 2021–2028. The growth of this market can be attributed to several factors, including the rising demand for natural food colors, increasing awareness regarding clean-label products, rising incidence of eye diseases and cancer, and growing demand for natural skincare products. Moreover, the increasing use of natural carotenoids in aquaculture and emerging economies in Asia-Pacific, Latin America, and the Middle East & Africa provide significant growth opportunities for market players in the coming years.

Key Players

The report includes a competitive landscape based on an extensive assessment of the key strategies adopted by the leading market participants in the natural carotenoids market over the last four years (2018–2021). The key players profiled in the natural carotenoids market are Koninklijke DSM N.V. (Netherlands), Sensient Technologies Corporation (U.S.), Archer Daniels Midland Company (U.S.), Allied Biotech Corporation (Taiwan), FMC Corporation (U.S.), Chenguang Biotechnology Group Co., Ltd. (China), Kemin Industries, Inc. (U.S.), BASF SE (Germany), Döhler GmbH (Germany), Cyanotech Corporation (U.S.), Fuji Chemical Industries Co., Ltd. (Japan), DDW, Inc. (U.S.), Carotec, INC. (U.S.), ExcelVite Sdn. Bhd. (Malaysia), Guangzhou Wisdom Bio-Technology Co., Ltd. (China), Novus International, Inc. (U.S.), Lycored, Ltd. (Israel), Farbest Brands (U.S.), Algatechnologies Ltd. (Israel), Divi's Laboratories Limited (India), and Dynadis SARL (France).

Rising Incidence of Eye Diseases and Cancer to Enhance Natural Carotenoid Consumption

The high prevalence of cancer has created a significant social and economic health burden. According to the International Agency for Research on Cancer (IARC), the global cancer burden rose to 19.3 million cases and 10 million cancer-related deaths in 2020. One in five people develop cancer during their lifetime, and 1 in 8 men and 1 in 11 women die from the disease. In addition, more than 50 million people are living within five years of a past cancer diagnosis. Aging populations and socio-economic risk factors have largely driven this increase. Also, according to the World Health Organization (WHO), in 2019, 2.2 billion people lived with vision impairment, wherein 217 million people suffered from moderate to severe vision impairment, and 36 million were blind.

Moreover, natural carotenoids have been studied for their anti-carcinogenic properties. The consumption of beta-carotene-rich green and yellow vegetables and the possible prevention of lung cancer has been studied extensively. Other carotenoids, such as lycopene and canthaxanthin, are also being studied to prevent prostate cancer, lung cancer, and colon cancer. Xanthophyll (oxygen-containing) carotenoids such as lutein, astaxanthin, and zeaxanthin are being studied to prevent age-related eye diseases. Thus, the increasing use of natural carotenoids to prevent chronic and eye diseases is expected to boost the growth of the natural carotenoids market.

Natural Carotenoids Market

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Key Findings in the Natural Carotenoids Market Study:

In 2021, the Astaxanthin Segment to Dominate the Natural Carotenoids Market by Type

Based on type, the astaxanthin segment is expected to account for the largest share of the natural carotenoids market in 2021. The large share of this segment is mainly attributed to the high demand for nutraceuticals due to their antioxidant properties, rising demand for astaxanthin for the treatment of cancer, increased demand in the aquaculture & animal feed industry, the growing number of health-conscious individuals, and rising adoption of novel technologies to increase the production of astaxanthin.

However, the lutein segment is slated to register the highest CAGR of 7.8% during the forecast period. The growth of this segment is driven by its strong antioxidant properties and rising demand for lutein as a natural colorant in food & beverage applications. Lutein also helps maintain elasticity and moisture levels in the skin. The increased demand for lutein can be attributed to the rising prevalence of health issues due to improper nutrition and unhealthy lifestyles. An increasing number of people are developing conditions such as diabetes, stroke, cardiovascular disease, and obesity, which is a key factor driving the demand for lutein-containing dietary supplements during the forecast period.

In 2021, the Beadlets Segment to Dominate the Natural Carotenoids Market by Form

Based on form, the beadlets segment is expected to account for the largest share of the natural carotenoids market in 2021. 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 large share of this segment is mainly attributed to its benefits, such as increased stability, cold water dispersion, high purity, and enhanced shelf life.

The Algae-sourced Natural Carotenoids Segment to Witness Highest Demand in the Natural Carotenoids Market by Source

Based on source, the plant-sourced natural carotenoids segment is expected to account for the largest share of the natural carotenoids market in 2021. However, the algae-sourced natural carotenoids segment is slated to register the highest CAGR of 7.6% during the forecast period. The growth of this segment is driven by its fast and active growth, unique antioxidant and coloring properties, short life cycle, active isoprenoid metabolism precursors for the carotenogenic pathway, and adequate storage capacity, make these ideal cell factories for the production of high-value carotenoids.

The Dietary Supplements Segment to Witness Highest Demand in the Natural Carotenoids Market by Application

Based on application, the feed segment is expected to account for the largest share of the natural carotenoids market in 2021. The large share of this segment is mainly attributed to the rising growth of the aquaculture industry and increased consumption of seafood. 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 natural carotenoids market based on application.

However, the dietary supplements segment is slated to register the highest CAGR of 7.7% during the forecast period. The growth of this segment is driven by the rising prevalence of chronic diseases and the shift in consumer preferences towards natural carotenoids due to rising health awareness.

Asia-Pacific: Fastest-growing Regional Market

Based on geography, in 2021, Europe is expected to account for the largest share of the natural carotenoids market, followed by North America, Asia-Pacific, Latin America, and the Middle East & Africa. The large share of this region is primarily attributed to the growing food & beverage industry, rising health and wellness trends, rising meat consumption, and rising feed production. Furthermore, 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 Asia-Pacific region is expected to witness rapid growth during the forecast period. The growth of this region is mainly driven by the increasing consumer preference for natural ingredients, rising consumer awareness regarding the negative effects of synthetic carotenoids coupled with the growth in spending abilities of the consumers, strong growth in the food & beverage industry, and increased animal feed demand.

In Asia-Pacific, China is expected to account for the largest share of the natural carotenoids market in 2021. The market growth is due to its large population base and industrialization, increasing expenditure on food, growing feed production, and increasing burden of chronic diseases.

China

China is a major country contributing to the growth of the animal feed industry in Asia and globally. The Chinese animal feed market is growing at a significant rate due to the changing consumption pattern, increasing awareness level amongst feed customers, industrialization of the livestock sector, incidences of counterfeit meat and other products, and the ban on antibiotics as growth promoters. Also, according to the Ministry of Agriculture of China, China planned to increase its animal feed output to 220 million tons in 2020. This significant increase in demand for livestock products requires an increasing amount of feed supplies, sources, and alternatives in China, thereby increasing the demand for natural carotenoids from Chinese animal feed manufacturers.

Also, according to China’s Feed Industry Association, in July 2020, the country’s swine feed production increased 10.3% month over month and 36.8% year over year. Sow feed production witnessed a 77.8% increase year over year. Thus, the growing feed production in China is expected to boost the demand for natural carotenoids in China in the next few years.

China has a massive food processing industry. The demand for food products is mainly associated with the growing population, rising urbanization, and increasing expenditure on food. In China, consumer preference towards functional, processed, and packaged food; meals away from home; and safer food is increasing due to the availability of a variety of food choices. Factors such as rising income, changing lifestyles, changes in tastes and preferences, and better organizations of food production and marketing have led to changes in diets in the country in terms of quantity, quality, and composition.

Additionally, factors such as expanding domestic consumption, rising standard of living, changing eating habits and preferences, and demographic changes accelerate the demand for food ingredients, such as natural carotenoids, to make the products more appetizing, appealing, and informative, enabling consumers to identify products on sight.

Competitive Landscape

Major companies in the natural carotenoids market have implemented various strategies over the years to expand their product offerings & regional footprints and augment their market shares. The key strategies followed by the leading companies in this market were new product launches, acquisitions, and expansions.

New product launches were the most preferred key growth strategies adopted by leading players in this market and accounted for a share of 50.0% of the total strategies adopted by companies in the natural carotenoids market during the period 2018–2021. BASF SE (Germany) and Cyanotech Corporation (U.S.) were the leading companies that adopted this strategy. Acquisitions and expansions were the second-most preferred growth strategies adopted by the leading companies operating in the natural carotenoids market, each accounting for a 25.0% share of all strategic developments between 2018–2021. Sensient Technologies Corporation (U.S.) and Kemin Industries, Inc. (U.S.) were the major companies that adopted these strategies.

Report Summary:

Particular	Details
Page No.	169
Format	PDF
Forecast Period	2019–2028
Base Year	2021
CAGR	7.4%
Market Size (Value)	$1.9 Billion
Segments Covered	By Type Astaxanthin Beta-carotene Lutein Lycopene Canthaxanthin Zeaxanthin Other Carotenoids By Form Beadlets Powder Liquid Gel Other Forms By Source Plant-sourced Natural Carotenoids Microorganism-sourced Natural Carotenoids Algae-sourced Natural Carotenoids By Application Feed Food & Beverage Dietary Supplements Cosmetics Pharmaceuticals By Geography Europe Germany France U.K. Italy Spain Rest of Europe (RoE) North America U.S Canada Asia-Pacific China India Japan Australia Rest of Asia-Pacific (RoAPAC) Latin America Brazil Mexico Argentina Rest of Latin America (RoLATAM) Middle East & Africa
Countries/Regions Covered	Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe), North America (U.S., Canada), Asia-Pacific (China, India, Japan, Australia, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentina, and Rest of Latin America), and the Middle East & Africa
Key Companies	Koninklijke DSM N.V. (Netherlands), Sensient Technologies Corporation (U.S.), Archer Daniels Midland Company (U.S.), Allied Biotech Corporation (Taiwan), FMC Corporation (U.S.), Chenguang Biotechnology Group Co., Ltd. (China), Kemin Industries, Inc. (U.S.), BASF SE (Germany), Döhler GmbH (Germany), Cyanotech Corporation (U.S.), Fuji Chemical Industries Co., Ltd. (Japan), DDW, Inc. (U.S.), Carotec, INC. (U.S.), ExcelVite Sdn. Bhd. (Malaysia), Guangzhou Wisdom Bio-Technology Co., Ltd. (China), Novus International, Inc. (U.S.), Lycored, Ltd. (Israel), Farbest Brands (U.S.), Algatechnologies Ltd. (Israel), Divi's Laboratories Limited (India), and Dynadis SARL (France).

Key questions answered in the report:

What is the Focus of the Natural Carotenoids Market?

The natural carotenoids market report covers the market size & forecasts for the natural carotenoids type, form, source, application, and geography. The natural carotenoids market study in this report involves the value analysis of various segments and subsegments of the natural carotenoids market at regional and country levels.

What is the Value of Revenue Generated from Natural Carotenoids across the Globe? At What Rate is the Demand Expected to Grow for the Next 5-7 Years?

The natural carotenoids market is projected to reach a value of $1.9 billion by 2028, at a CAGR of 7.4% during the forecast period.

Which Type Category Held the Major Share of the Market in 2021?

Based on the type, the astaxanthin segment is estimated to account for the largest share of the natural carotenoids market in 2021.

Which is the High-growth Application Segment of the Natural Carotenoids Market?

Based on application, the feed segment is estimated to account for the largest share of the natural carotenoids market in 2021. However, the dietary supplements segment is expected to witness significant growth during the forecast period. The rapid growth of this segment is mainly attributed to the rising prevalence of chronic diseases and the shift in consumer preferences towards natural carotenoids due to rising health awareness.

What are the Key Factors Supporting the Growth of this Market? What are the Major Opportunities for Existing Market Players and New Entrants in the Natural Carotenoids Market?

Rising demand for natural food colors, increasing awareness regarding clean-label products, rising incidence of eye diseases and cancer, and growing demand for natural skin care products are the key factors supporting the growth of this market. However, the increasing use of natural carotenoids in aquaculture and emerging economies in Asia-Pacific, Latin America, and the Middle East & Africa are expected to create lucrative opportunities for players operating in this market.

Who are the Major Players Operating in the Natural Carotenoids Market?

The key players operating in the natural carotenoids market are Koninklijke DSM N.V. (Netherlands), Sensient Technologies Corporation (U.S.), Archer Daniels Midland Company (U.S.), Allied Biotech Corporation (Taiwan), FMC Corporation (U.S.), Chenguang Biotechnology Group Co., Ltd. (China), Kemin Industries, Inc. (U.S.), BASF SE (Germany), Döhler GmbH (Germany), Cyanotech Corporation (U.S.), Fuji Chemical Industries Co., Ltd. (Japan), DDW, Inc. (U.S.), Carotec, INC. (U.S.), ExcelVite Sdn. Bhd. (Malaysia), Guangzhou Wisdom Bio-Technology Co., Ltd. (China), Novus International, Inc. (U.S.), Lycored, Ltd. (Israel), Farbest Brands (U.S.), Algatechnologies Ltd. (Israel), Divi's Laboratories Limited (India), and Dynadis SARL (France).

Which Regions/Countries are Likely to offer Significant Growth Opportunities for the Vendors in this Market during the Analysis Period?

Emerging countries from Asia and Latin America are projected to offer significant growth opportunities for the vendors in this market due to the increasing population, substantial growth in the livestock sector, increasing meat consumption, rising pharmaceutical industry, and growing focus on wellness trends.

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Related Tag: Natural Carotenoids Market Cryptoxanthin Phytofluene Phytoene Plant Pigments Vegetable Pigments Plant-derived Antioxidants Plant Antioxidants Food Antioxidants Carotenoid-rich Foods Beta-carotene Sources Antioxidant Pigments

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1. Introduction
1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency

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
2.4. Assumptions for the Study
2.5. Limitations for the Study

3. Executive Summary
3.1. Introduction
3.1.1. Natural Carotenoids Market Analysis: by Type
3.1.2. Natural Carotenoids Market Analysis: by Form
3.1.3. Natural Carotenoids Market Analysis: by Source
3.1.4. Natural Carotenoids Market Analysis: by Application
3.2. Regional Analysis
3.3. Key Players

4. Market Insights
4.1. Introduction
4.2. Drivers
4.2.1. Rising Demand for Natural Food Colors
4.2.2. Increasing Awareness Regarding Clean-label Products
4.2.3. Rising Incidence of Eye Diseases and Cancer
4.2.4. Growing Demand for Natural Skincare Products
4.3. Restraints
4.3.1. Stringent Regulatory and Approval Norms
4.3.2. High Costs of Natural Colorants
4.4. Opportunities
4.4.1. Increasing Use of Natural Carotenoids in Aquaculture
4.4.2. Emerging Economies in APAC, Latin America, and the Middle East & Africa
4.5. The Impact of Covid-19 on the Natural Carotenoids Market

5. Global Natural 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 Natural 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 Natural Carotenoids Market, by Source
7.1. Introduction
7.2. Plant-sourced Natural Carotenoids
7.3. Microorganism-sourced Natural Carotenoids
7.4. Algae-sourced Natural Carotenoids

8. Global Natural Carotenoids Market, by Application
8.1. Introduction
8.2. Feed
8.3. Food & Beverage
8.4. Dietary Supplements
8.5. Cosmetics
8.6. Pharmaceuticals

9. Natural Carotenoids Market, by Geography
9.1. Introduction
9.2. Europe
9.2.1. Germany
9.2.2. France
9.2.3. U.K.
9.2.4. Italy
9.2.5. Spain
9.2.6. Rest of Europe (RoE)
9.3. North America
9.3.1. U.S.
9.3.2. Canada
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. Competitive Benchmarking

11. Company Profiles
11.1. Koninklijke DSM N.V.
11.1.1. Business Overview
11.1.2. Financial Overview
11.1.3. Product Portfolio
11.2. Sensient Technologies Corporation
11.2.1. Business Overview
11.2.2. Financial Overview
11.2.3. Product Portfolio
11.2.4. Strategic Developments
11.3. Archer Daniels Midland Company
11.3.1. Business Overview
11.3.2. Financial Overview
11.3.3. Product Portfolio
11.4. Allied Biotech Corporation
11.4.1. Business Overview
11.4.2. Product Portfolio
11.5. FMC Corporation
11.5.1. Business Overview
11.5.2. Financial Overview
11.5.3. Product Portfolio
11.6. Chenguang Biotechnology Group Co., Ltd.
11.6.1. Business Overview
11.6.2. Product Portfolio
11.7. Kemin Industries, Inc.
11.7.1. Business Overview
11.7.2. Product Portfolio
11.7.3. Strategic Developments
11.8. BASF SE
11.8.1. Business Overview
11.8.2. Financial Overview
11.8.3. Product Portfolio
11.8.4. Strategic Developments
11.9. Döhler GmbH
11.9.1. Business Overview
11.9.2. Product Portfolio
11.10. Cyanotech Corporation
11.10.1. Business Overview
11.10.2. Financial Overview
11.10.3. Product Portfolio
11.10.4. Strategic Developments
11.11. Fuji Chemical Industries Co., Ltd.
11.11.1. Business Overview
11.11.2. Product Portfolio
11.12. DDW, Inc.
11.12.1. Business Overview
11.12.2. Product Portfolio
11.13. Carotec, INC.
11.13.1. Business Overview
11.13.2. Product Portfolio
11.14. ExcelVite Sdn. Bhd.
11.14.1. Business Overview
11.14.2. Product Portfolio
11.15. Guangzhou Wisdom Bio-Technology Co., Ltd.
11.15.1. Business Overview
11.15.2. Product Portfolio
11.16. Novus International, Inc.
11.16.1. Business Overview
11.16.2. Product Portfolio
11.17. Lycored, Ltd.
11.17.1. Business Overview
11.17.2. Product Portfolio
11.18. Farbest Brands
11.18.1. Business Overview
11.18.2. Product Portfolio
11.19. Algatechnologies Ltd.
11.19.1. Business Overview
11.19.2. Product Portfolio
11.20. Divi’s Laboratories Limited
11.20.1. Business Overview
11.20.2. Financial Overview
11.20.3. Product Portfolio
11.21. Dynadis SARL
11.21.1. Business Overview
11.21.2. Product Portfolio
12. Appendix
12.1. Questionnaire
12.2. Available Customization

List of Tables

Table 1 Global Natural Carotenoids Market: Impact Analysis of Market Drivers (2019–2028)
Table 2 Global Natural Carotenoids Market: Impact Analysis of Market Restraints (2019–2028)
Table 3 Global Natural Carotenoids Market Size, by Type, 2019–2028 (USD Million)
Table 4 Astaxanthin Market Size, by Country/Region, 2019–2028 (USD Million)
Table 5 Vegetable/Fruit Sources Rich in Β-Carotene (%)
Table 6 Beta-Carotene Market Size, by Country/Region, 2019–2028 (USD Million)
Table 7 Lutein Market Size, by Country/Region, 2019–2028 (USD Million)
Table 8 Lycopene Market Size, by Country/Region, 2019–2028 (USD Million)
Table 9 Canthaxanthin Market Size, by Country/Region, 2019–2028 (USD Million)
Table 10 Zeaxanthin Market Size, by Country/Region, 2019–2028 (USD Million)
Table 11 Other Carotenoids Market Size, by Country/Region, 2019–2028 (USD Million)
Table 12 Global Natural Carotenoids Market Size, by Form, 2019–2028 (USD Million)
Table 13 Natural Carotenoid Beadlets Market Size, by Country/Region, 2019–2028 (USD Million)
Table 14 Natural Carotenoid Powders Market Size, by Country/Region, 2019–2028 (USD Million)
Table 15 Liquid Natural Carotenoids Market Size, by Country/Region, 2019–2028 (USD Million)
Table 16 Natural Carotenoid Gels Market Size, by Country/Region, 2019–2028 (USD Million)
Table 17 Natural Carotenoids Market Size for Other Forms, by Country/Region, 2019–2028 (USD Million)
Table 18 Global Natural Carotenoids Market Size, by Source, 2019–2028 (USD Million)
Table 19 Plant-sourced Natural Carotenoids Market Size, by Country/Region, 2019–2028 (USD Million)
Table 20 Microorganism-sourced Natural Carotenoids Market Size, by Country/Region, 2019–2028 (USD Million)
Table 21 Algae-sourced Natural Carotenoids Market Size, by Country/Region, 2019–2028 (USD Million)
Table 22 Global Natural Carotenoids Market Size, by Application, 2019–2028 (USD Million)
Table 23 Natural Carotenoids Market Size for Feed, by Country/Region, 2019–2028 (USD Million)
Table 24 Natural Carotenoids Market Size for Food & Beverage, by Country/Region, 2019–2028 (USD Million)
Table 25 Natural Carotenoids Market Size for Dietary Supplements, by Country/Region, 2019–2028 (USD Million)
Table 26 Natural Carotenoids Market Size for Cosmetics, by Country/Region, 2019–2028 (USD Million)
Table 27 Natural Carotenoids Market Size for Pharmaceuticals, by Country/Region, 2019–2028 (USD Million)
Table 28 Global Natural Carotenoids Market Size, by Region, 2019–2028 (USD Million)
Table 29 Europe: Natural Carotenoids Market Size, by Country/Region, 2019–2028 (USD Million)
Table 30 Europe: Natural Carotenoids Market Size, by Type, 2019–2028 (USD Million)
Table 31 Europe: Natural Carotenoids Market Size, by Form, 2019–2028 (USD Million)
Table 32 Europe: Natural Carotenoids Market Size, by Source, 2019–2028 (USD Million)
Table 33 Europe: Natural Carotenoids Market Size, by Application, 2019–2028 (USD Million)
Table 34 Germany: Natural Carotenoids Market Size, by Type, 2019–2028 (USD Million)
Table 35 Germany: Natural Carotenoids Market Size, by Form, 2019–2028 (USD Million)
Table 36 Germany: Natural Carotenoids Market Size, by Source, 2019–2028 (USD Million)
Table 37 Germany: Natural Carotenoids Market Size, by Application, 2019–2028 (USD Million)
Table 38 France: Natural Carotenoids Market Size, by Type, 2019–2028 (USD Million)
Table 39 France: Natural Carotenoids Market Size, by Form, 2019–2028 (USD Million)
Table 40 France: Natural Carotenoids Market Size, by Source, 2019–2028 (USD Million)
Table 41 France: Natural Carotenoids Market Size, by Application, 2019–2028 (USD Million)
Table 42 U.K.: Natural Carotenoids Market Size, by Type, 2019–2028 (USD Million)
Table 43 U.K.: Natural Carotenoids Market Size, by Form, 2019–2028 (USD Million)
Table 44 U.K.: Natural Carotenoids Market Size, by Source, 2019–2028 (USD Million)
Table 45 U.K.: Natural Carotenoids Market Size, by Application, 2019–2028 (USD Million)
Table 46 Italy: Natural Carotenoids Market Size, by Type, 2019–2028 (USD Million)
Table 47 Italy: Natural Carotenoids Market Size, by Form, 2019–2028 (USD Million)
Table 48 Italy: Natural Carotenoids Market Size, by Source, 2019–2028 (USD Million)
Table 49 Italy: Natural Carotenoids Market Size, by Application, 2019–2028 (USD Million)
Table 50 Spain: Natural Carotenoids Market Size, by Type, 2019–2028 (USD Million)
Table 51 Spain: Natural Carotenoids Market Size, by Form, 2019–2028 (USD Million)
Table 52 Spain: Natural Carotenoids Market Size, by Source, 2019–2028 (USD Million)
Table 53 Spain: Natural Carotenoids Market Size, by Application, 2019–2028 (USD Million)
Table 54 RoE: Natural Carotenoids Market Size, by Type, 2019–2028 (USD Million)
Table 55 RoE: Natural Carotenoids Market Size, by Form, 2019–2028 (USD Million)
Table 56 RoE: Natural Carotenoids Market Size, by Source, 2019–2028 (USD Million)
Table 57 RoE: Natural Carotenoids Market Size, by Application, 2019–2028 (USD Million)
Table 58 North America: Natural Carotenoids Market Size, by Country, 2019–2028 (USD Million)
Table 59 North America: Natural Carotenoids Market Size, by Type, 2019–2028 (USD Million)
Table 60 North America: Natural Carotenoids Market Size, by Form, 2019–2028 (USD Million)
Table 61 North America: Natural Carotenoids Market Size, by Source, 2019–2028 (USD Million)
Table 62 North America: Natural Carotenoids Market Size, by Application, 2019–2028 (USD Million)
Table 63 U.S.: Natural Carotenoids Market Size, by Type, 2019–2028 (USD Million)
Table 64 U.S.: Natural Carotenoids Market Size, by Form, 2019–2028 (USD Million)
Table 65 U.S.: Natural Carotenoids Market Size, by Source, 2019–2028 (USD Million)
Table 66 U.S.: Natural Carotenoids Market Size, by Application, 2019–2028 (USD Million)
Table 67 Canada: Natural Carotenoids Market Size, by Type, 2019–2028 (USD Million)
Table 68 Canada: Natural Carotenoids Market Size, by Form, 2019–2028 (USD Million)
Table 69 Canada: Natural Carotenoids Market Size, by Source, 2019–2028 (USD Million)
Table 70 Canada: Natural Carotenoids Market Size, by Application, 2019–2028 (USD Million)
Table 71 Asia-Pacific: Natural Carotenoids Market Size, by Country/Region, 2019–2028 (USD Million)
Table 72 Asia-Pacific: Natural Carotenoids Market Size, by Type, 2019–2028 (USD Million)
Table 73 Asia-Pacific: Natural Carotenoids Market Size, by Form, 2019–2028 (USD Million)
Table 74 Asia-Pacific: Natural Carotenoids Market Size, by Source, 2019–2028 (USD Million)
Table 75 Asia-Pacific: Natural Carotenoids Market Size, by Application, 2019–2028 (USD Million)
Table 76 China: Natural Carotenoids Market Size, by Type, 2019–2028 (USD Million)
Table 77 China: Natural Carotenoids Market Size, by Form, 2019–2028 (USD Million)
Table 78 China: Natural Carotenoids Market Size, by Source, 2019–2028 (USD Million)
Table 79 China: Natural Carotenoids Market Size, by Application, 2019–2028 (USD Million)
Table 80 India: Natural Carotenoids Market Size, by Type, 2019–2028 (USD Million)
Table 81 India: Natural Carotenoids Market Size, by Form, 2019–2028 (USD Million)
Table 82 India: Natural Carotenoids Market Size, by Source, 2019–2028 (USD Million)
Table 83 India: Natural Carotenoids Market Size, by Application, 2019–2028 (USD Million)
Table 84 Japan: Natural Carotenoids Market Size, by Type, 2019–2028 (USD Million)
Table 85 Japan: Natural Carotenoids Market Size, by Form, 2019–2028 (USD Million)
Table 86 Japan: Natural Carotenoids Market Size, by Source, 2019–2028 (USD Million)
Table 87 Japan: Natural Carotenoids Market Size, by Application, 2019–2028 (USD Million)
Table 88 Australia: Natural Carotenoids Market Size, by Type, 2019–2028 (USD Million)
Table 89 Australia: Natural Carotenoids Market Size, by Form, 2019–2028 (USD Million)
Table 90 Australia: Natural Carotenoids Market Size, by Source, 2019–2028 (USD Million)
Table 91 Australia: Natural Carotenoids Market Size, by Application, 2019–2028 (USD Million)
Table 92 RoAPAC: Natural Carotenoids Market Size, by Type, 2019–2028 (USD Million)
Table 93 RoAPAC: Natural Carotenoids Market Size, by Form, 2019–2028 (USD Million)
Table 94 RoAPAC: Natural Carotenoids Market Size, by Source, 2019–2028 (USD Million)
Table 95 RoAPAC: Natural Carotenoids Market Size, by Application, 2019–2028 (USD Million)
Table 96 Latin America: Natural Carotenoids Market Size, by Country/Region, 2019–2028 (USD Million)
Table 97 Latin America: Natural Carotenoids Market Size, by Type, 2019–2028 (USD Million)
Table 98 Latin America: Natural Carotenoids Market Size, by Form, 2019–2028 (USD Million)
Table 99 Latin America: Natural Carotenoids Market Size, by Source, 2019–2028 (USD Million)
Table 100 Latin America: Natural Carotenoids Market Size, by Application, 2019–2028 (USD Million)
Table 101 Brazil: Natural Carotenoids Market Size, by Type, 2019–2028 (USD Million)
Table 102 Brazil: Natural Carotenoids Market Size, by Form, 2019–2028 (USD Million)
Table 103 Brazil: Natural Carotenoids Market Size, by Source, 2019–2028 (USD Million)
Table 104 Brazil: Natural Carotenoids Market Size, by Application, 2019–2028 (USD Million)
Table 105 Mexico: Natural Carotenoids Market Size, by Type, 2019–2028 (USD Million)
Table 106 Mexico: Natural Carotenoids Market Size, by Form, 2019–2028 (USD Million)
Table 107 Mexico: Natural Carotenoids Market Size, by Source, 2019–2028 (USD Million)
Table 108 Mexico: Natural Carotenoids Market Size, by Application, 2019–2028 (USD Million)
Table 109 Argentina: Natural Carotenoids Market Size, by Type, 2019–2028 (USD Million)
Table 110 Argentina: Natural Carotenoids Market Size, by Form, 2019–2028 (USD Million)
Table 111 Argentina: Natural Carotenoids Market Size, by Source, 2019–2028 (USD Million)
Table 112 Argentina: Natural Carotenoids Market Size, by Application, 2019–2028 (USD Million)
Table 113 RoLATAM: Natural Carotenoids Market Size, by Type, 2019–2028 (USD Million)
Table 114 RoLATAM: Natural Carotenoids Market Size, by Form, 2019–2028 (USD Million)
Table 115 RoLATAM: Natural Carotenoids Market Size, by Source, 2019–2028 (USD Million)
Table 116 RoLATAM: Natural Carotenoids Market Size, by Application, 2019–2028 (USD Million)
Table 117 Middle East & Africa: Natural Carotenoids Market Size, by Type, 2019–2028 (USD Million)
Table 118 Middle East & Africa: Natural Carotenoids Market Size, by Form, 2019–2028 (USD Million)
Table 119 Middle East & Africa: Natural Carotenoids Market Size, by Source, 2019–2028 (USD Million)
Table 120 Middle East & Africa: Natural Carotenoids Market Size, by Application, 2019–2028 (USD Million)
Table 121 Number of Developments by Major Market Players (2018–2021)

List of Figures

Figure 1 Key Stakeholders
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 Astaxanthin to be the Largest Segment
Figure 9 Beadlets to Remain the Largest Segment Through 2028
Figure 10 The Plant-sourced Natural Carotenoids Segment to Dominate the Global Market
Figure 11 The Feed Segment to Account for the Largest Share
Figure 12 Asia-Pacific to be the Fastest-Growing Regional Market
Figure 13 Market Dynamics
Figure 14 Global Natural Carotenoids Market Size, by Type, 2021 Vs. 2028 (USD Million)
Figure 15 Global Natural Carotenoids Market Size, by Form, 2021 Vs. 2028 (USD Million)
Figure 16 Global Natural Carotenoids Market Size, by Source, 2021 Vs. 2028 (USD Million)
Figure 17 Global Natural Carotenoids Market Size, by Application, 2021 Vs. 2028 (USD Million)
Figure 18 Key Adopters of Natural Carotenoids
Figure 19 Global Natural Carotenoids Market Size, by Region, 2021 Vs. 2028 (USD Million)
Figure 20 Europe: Natural Carotenoids Market Size, by Country/Region, 2021 Vs. 2028 (USD Million)
Figure 21 North America: Natural Carotenoids Market Size, by Country, 2021 Vs. 2028 (USD Million)
Figure 22 Asia-Pacific: Natural Carotenoids Market Size, by Country/Region, 2021 Vs. 2028 (USD Million)
Figure 23 Latin America: Natural Carotenoids Market Size, by Country/Region, 2021 Vs. 2028 (USD Million)
Figure 24 Key Growth Strategies Adopted by Leading Players, 2018–2021
Figure 25 Natural Carotenoids Market: Competitive Benchmarking, by Type
Figure 26 Koninklijke DSM N.V.: Financial Overview (2020)
Figure 27 Sensient Technologies Corporation: Financial Overview (2020)
Figure 28 Archer Daniels Midland Company: Financial Overview (2020)
Figure 29 FMC Corporation: Financial Overview (2020)
Figure 30 BASF SE: Financial Overview (2020)
Figure 31 Cyanotech Corporation: Financial Overview (2021)
Figure 32 Divi’s Laboratories Limited: Financial Overview (2021)