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.
The European market for carotenoids is estimated to increase from $678.6 million in 2024 to reach $911.0 million by 2029, at a CAGR of 6.1% from 2024 through 2029.
The Asia-Pacific market for carotenoids is estimated to increase from $572.2 million in 2024 to reach $826.9 million by 2029, at a CAGR of 7.6% from 2024 through 2029.
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.
Report Includes
- 45 data tables and 42 additional tables
- An up-to-date review and 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 and forecast the overall market size for carotenoids and their corresponding market share analysis by product, source, application, and region
- Coverage of commercial carotenoids with detailed insight 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 process, regulatory framework, and applications
- Highlights of the market potential for carotenoids, and areas of focus to forecast this market into various segments and sub-segments
- In-depth information (facts and figures) concerning market drivers, opportunities, challenges and other demographic and economic factors that will drive future demand for this market
- Review of the current market status, key technology issues, industry value chain, Porter's five forces analysis, competitive scenario, R&D activities, and COVID-19 implications on the progress of this market
- A discussion on ESG challenges and practices of the industry
- Market share analysis of the key companies of the industry and coverage of their proprietary technologies, strategic alliances, and other key market strategies
- Company profiles of major players within the industry, including BASF, DSM Firmenich, Divi's Laboratories Ltd., and Givaudan