Carotenoids Market 2023: Industry Growth, Dynamic Research Analysis, Trend and Forecast To 2029

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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%.

Carotenoids are hydrophilic colorants blended by plants, fungi, algae, and bacteria. In plants, carotenoids contribute to the photosynthetic functions and defense them as anti-photodamage, in addition to supporting the production of phytohormones. As pigments, they are at fault for the red, orange, pink, and yellow colors of the leaves of plants, fruits, vegetables, and some birds, insects, fish, and crustaceans. About 750 types of carotenoids have been recognized in nature, but only about 100 are present in detectable amounts within the human diet. From 30 and 40 carotenoids have been discovered in human blood samples and the six most massive carotenoids are made of around 95% of the carotenoids discovered in blood plasma such as lycopene, lutein, β-carotene, β-cryptoxanthin, α-carotene, and zeaxanthin.

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The latest research on the Carotenoids Market provides a comprehensive overview of the market. It gives a comprehensive picture of the global Coal Power Generation industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter’s five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Carotenoids Market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years.

The Major Players in The Carotenoids Market Include:

  • Allied Biotech
  • 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.
  • I.D. Parry
  • Divi’s Laboratories
  • Farbest Brands
  • Deinove SAS and others Major Players.


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Market has segmented the global Carotenoids Market on the basis of type, application, and region:

By Type         

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

By Source      

  • Synthetic
  • Natural

By Application          

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

 By Region    

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

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Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors

Provision of market value (USD Billion) data for each segment and sub-segment

Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled

Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players

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