The Carotenoids Market size is projected to reach USD 1168.7 Million by 2028, at a CAGR of 1% during the forecast period 2022-2028. Carotenoids are commonly found in microorganisms, algae, and higher plant and some animal species. They provide bright yellow, red and orange colors and protect these species from the harmful effects of light, air, and sensitizer pigments. Carotenoids are mainly used as a food coloring. However, with advances in biotechnology and recombinant DNA technology, carotenoid extraction is more commercially feasible than ever before. This has led to increased production of carotenoid-based products.
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Company Profile
Key players in the market include Koninklijke DSM (Netherlands), BASF (Germany), Chr. Hansen (Denmark), Kemin Industries (US), Lycored Limited (Israel), Cyanotech Corporation (US), Fuji Chemical Industry Co Ltd. (Japan), Novus International (US), DDW The Color House (US), Dohler Group (Germany), Allied Biotech Corporation (Taiwan), E.I.D Parry (India), Farbest Brands (US), ExcelviteSdn. Bhd. (Malaysia).
Market Segmentation
Based on type
- Astaxanthin
- Beta-carotene
- Lutein
- Lycopene
- Canthaxanthin
- Zeaxanthin
Based on application
- Feed
- Food & beverages
- Dietary supplements
- Cosmetics
- Pharmaceuticals
Based on formulations
- Oil suspension
- Powder
- Beadlet
- Emulsion
Scope of the Report
The research study analyzes the Carotenoids Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Carotenoids Market Report
- What was the Carotenoids Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of Carotenoids Market during the forecast period (2022-2028)?
- Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
- Which manufacturer/vendor/players in the Carotenoids Market was the market leader in 2021?
- Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the Carotenoids market.
- The market share of the Carotenoids market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the Carotenoids market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Carotenoids market.
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