Carotenoids Market Report: Tracking 2030 Trends and Growth Status

The Carotenoids market was valued at USD 1.63 billion in 2021 and is expected to reach USD 2.19 billion by the year 2028, at a CAGR of 4.3%.

Hydrophilic pigments called carotenoids are synthesised by bacteria, fungus, algae, and plants. Carotenoids enhance the synthesis of phytohormones in plants and aid in photosynthetic processes. They also protect plants against photodamage. The red, orange, pink, and yellow hues of plant, fruit, and vegetable leaves, as well as certain insects, fish, and crustaceans, are due to their pigmentation. Only about 100 carotenoids can be found in detectable concentrations in the diets of humans, out of the approximately 750 kinds that have been identified in nature. Human blood samples have been found to contain between thirty and forty different types of carotenoids. Of these, the six most abundant carotenoids—lutein, β-carotene, β-cryptoxanthin, α-carotene, and zeaxanthin—make up around 95% of the total amount of carotenoids found in blood plasma.

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Players Covered in Carotenoids market are:

Allied Biotech, BASF SE, Dohler GmbH, FMC Corporation, Sensient Technologies, Chr Hansen Holdings A/S, Kemin Industries, Algatech Tech, Novus International Inc., DDW The Color House, Lycored Ltd, Fuji Chemical Industry Co. Ltd., E.I.D. Parry, Divi's Laboratories, Farbest Brands, Deinove SAS and others Major Players.

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Introspective Market Research provide comprehensive market research studies, delivering valuable insights and strategic guidance to businesses worldwide. Our operations are driven by accurate analysis and extensive coverage of all the areas to offer reliable reports.

Our study encompasses major growth determinants and drivers, along with extensive segmentation areas. Through in-depth analysis of supply and sales channels, including upstream and downstream fundamentals, we present a complete market ecosystem.

To ensure accuracy and reliability, our research leverages numerous primary and secondary sources. We employ industry-standard tools such as Porter's Five Forces Analysis, Swot Analysis, And Price Trend Analysis. Our extensive geographical coverage allows for a comprehensive understanding of regional trends and externally affecting factors.

Segmentation Analysis of the Carotenoids Market

By Type

• Astaxanthin
• Beta-Carotene
• Canthaxanthin
• Capsanthin
• Others

By Source

• Synthetic
• Natural

By Application

• Animal Feed
• Food & Beverages
• Personal Care & Cosmetics
• Dietary Supplements
• Pharmaceuticals

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Regional Insights

Throughout the projection period, the European area will lead the market due to the extensive use of carotenoids in the animal feed industry. The region's well-established personal care and cosmetics industries are also major drivers of market growth. Furthermore, in the European market, these are also highly preferred components for food coloring.

The market for carotenoids is expected to rise at a rapid rate in the Asia Pacific region because of the increased use of these additions in the food, pharmaceutical, cosmetic, feed, and supplement industries. Technological advancements, economic expansion, industrial expansion, and reduced manufacturing prices in developing nations like China, Japan, and India are anticipated to propel the business. Furthermore, a burgeoning middle class, advancements in education, and rising disposable incomes in the area have raised consumer awareness of the advantages of dietary supplements for health. Important pharmaceutical companies including GSK, Novo Nordisk, Cipla, Sun Pharmaceutical, Dr. Reddy's Laboratories, and Roche will also aid in market developments.

By Region

• North America (US, Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)

Important Features that are under offering & key highlights of the report:

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