Product Code: SR112024A2271
The global carotenoids market size reached US$ 1.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 2.3 Billion by 2032, exhibiting a growth rate (CAGR) of 3.2% during 2024-2032.
Carotenoids refer to various organic pigments that are responsible for bright red, yellow and orange hues in fruits and vegetables. They are a class of phytonutrients that are essential for plant health and are a rich source of vitamin A and antioxidants. Carotenoids can be synthetically produced as well as they are found in plants, algae, bacteria and fungi. Some of the other major natural sources of carotenoids include papaya, pineapple, pumpkin, apricot, carrot, orange and corn. Alpha and beta carotene, beta-cryptoxanthin, lutein, zeaxanthin and lycopene are some of the commonly used carotenoids that are added as a colorant in food, cosmetics and animal feed products. In humans, they aid in treating cancer, improving vision and supporting physical growth and development.
Global Carotenoids Market Trends:
The increasing prevalence of cancer and other age-related ophthalmic disorders is one of the key factors driving the growth of the market. Furthermore, the widespread utilization of carotenoids in dietary supplements and other pharmaceutical products is also providing a boost to the market growth. Owing to increasing health consciousness and rising geriatric population across the globe, there is a shift in the consumer preferences toward preventive healthcare products that can act as antioxidants and protect the body from chronic diseases, cellular damage and detrimental effects of aging. Carotenoids are extensively utilized to improve animal nutrition and feed products to enhance their fertility and overall immunity. This, along with various technological advancements in extraction methods and the growing demand for natural coloring, is projected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global carotenoids market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product type, source, formulation and application.
Breakup by Product Type:
Beta-Carotene
Astaxanthin
Lutein
Lycopene
Zeaxanthin
Canthaxanthin
Others
Breakup by Source:
Synthetic
Natural
Breakup by Formulation:
Oil Suspension
Powder
Emulsion
Others
Breakup by Application:
Animal Feed
Dietary Supplements
Food and Beverages
Cosmetics
Others
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Allied Biotech Corporation, BASF SE, Chr. Hansen Holding A/S, Cyanotech Corporation, DDW The Color House, Deinove SAS, Divi's Laboratories Limited, Dohler Group, Excelvite Sdn. Bhd., Kemin Industries, Lycored Limited, Naturex SA (Givaudan SA), Vidya Europe SAS, Zhejiang NHU Co. Ltd., etc.
Key Questions Answered in This Report:
- How has the global carotenoids market performed so far and how will it perform in the coming years?
- What are the key regional markets?
- What has been the impact of COVID-19 on the global carotenoids market?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the source?
- What is the breakup of the market based on the formulation?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global carotenoids market and who are the key players?
- What is the degree of competition in the industry?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Carotenoids Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product Type
- 6.1 Beta-Carotene
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Astaxanthin
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Lutein
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Lycopene
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Zeaxanthin
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Canthaxanthin
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
- 6.7 Others
- 6.7.1 Market Trends
- 6.7.2 Market Forecast
7 Market Breakup by Source
- 7.1 Synthetic
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Natural
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Formulation
- 8.1 Oil Suspension
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Powder
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Emulsion
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Others
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
9 Market Breakup by Application
- 9.1 Animal Feed
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Dietary Supplements
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Food and Beverages
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Cosmetics
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 Others
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.2 Asia Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Indicators
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Allied Biotech Corporation
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.1.3 Financials
- 15.3.2 BASF SE
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.2.3 Financials
- 15.3.2.4 SWOT Analysis
- 15.3.3 Chr. Hansen Holding A/S
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.3.3 Financials
- 15.3.3.4 SWOT Analysis
- 15.3.4 Cyanotech Corporation
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.4.3 Financials
- 15.3.4.4 SWOT Analysis
- 15.3.5 DDW The Color House
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.6 Deinove SAS
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.6.3 Financials
- 15.3.7 Divi's Laboratories Limited
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.7.3 Financials
- 15.3.7.4 SWOT Analysis
- 15.3.8 Dohler Group
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.9 Excelvite Sdn. Bhd.
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.10 Kemin Industries
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.11 Lycored Limited
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.12 Naturex SA (Givaudan SA)
- 15.3.12.1 Company Overview
- 15.3.12.2 Product Portfolio
- 15.3.13 Vidya Europe SAS
- 15.3.13.1 Company Overview
- 15.3.13.2 Product Portfolio
- 15.3.14 Zhejiang NHU Co. Ltd.
- 15.3.14.1 Company Overview
- 15.3.14.2 Product Portfolio