The Global Market for Carotenoids

Report Highlights

The global market for carotenoids is estimated to increase from $2.1 billion in 2024 to reach $2.9 billion by 2029, at a compound annual growth rate (CAGR) of 6.7% from 2024 through 2029.

Report Includes

• 45 data tables and 42 additional tables
• An analysis of the global market for carotenoids
• Analyses of the global market trends, with sales data for 2023, estimates for 2024, and projections of compound annual growth rates (CAGRs) through 2029
• Evaluation of the overall market size for carotenoids and their corresponding market share analysis by product, source, application and region
• Coverage of commercial carotenoids with insights into production technologies, market developments and market dynamics
• Information on Annatto, Astaxanthin, Beta-carotene, Beta-apo-8-carotenal, Beta-apo-8-carotenal-ester, Canthaxanthin, Capsanthin and paprika extract, Lutein, Lycopene and Zeaxanthin, and coverage of their production processes, regulatory frameworks and applications
• Discussion of the market potential for carotenoids, and forecasts of this market’s various segments and sub-segments
• In-depth information concerning market drivers, opportunities, challenges and other demographic and economic factors that will drive demand for carotenoids
• Review of the current market status, technology issues, industry value chain, Porter’s Five Forces, competitive landscape and R&D activity
• Discussion of the industry’s ESG challenges and practices
• Analysis of the leading companies’ market shares, proprietary technologies, strategic alliances, and other market strategies
• Profiles of major players in the industry, including BASF, DSM Firmenich, Divi's Laboratories Ltd. and Givaudan

Report Scope

This report provides market projections for the global carotenoids market from 2024 through 2029. It also analyzes the market shares of leading companies. Based on source, the carotenoids market is segmented into synthetic and natural. Based on product, the market is segmented into astaxanthin, beta carotene, lutein, lycopene, canthaxanthin and others. It is further segmented by application into food and beverages, dietary supplements, feed and others. Regional estimates and forecasts include North America, Europe, Asia-Pacific, South America and the rest of the world.

Analyst Credentials

BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.

Consulting Editor’s Credentials

Melissa Dueck brings more than 25 years of health industry experience to the consulting analyst role with expertise in pharmaceuticals, medical technologies, and hospital operations. Ms. Dueck holds an MBA in Health Care Management, an MPH in Global Health, and is a pending doctoral candidate. She has authored several industry-specific documents and is a well-respected, trusted contributor to the market intelligence community. Her writings are published in magazines, newspapers, and professional journals. She is also an experienced custom market research writer who has worked with a large variety of clients in many fields who require innumerable variations to research documents. Ms. Dueck serves the health and medical community through emergency room medical training, healthcare information system coordination, program implementation and evaluations, and strategic business oversight planning.