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Carotenoids Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F- Product Image
Carotenoids Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F- Product Image
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Carotenoids Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F

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    Report

  • 185 Pages
  • November 2025
  • Region: Global
  • TechSci Research
  • ID: 5022625
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Synthetic Carotenoids is the fastest growing segment, North America is the largest regional market

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The Global Carotenoids Market, valued at USD 1.80 Billion in 2024, is projected to experience a CAGR of 4.68% to reach USD 2.37 Billion by 2030. Carotenoids are organic pigments, primarily yellow, orange, or red, produced by plants, algae, and certain microorganisms, acting as accessory pigments in photosynthesis and photoprotection, with some serving as Vitamin A precursors. Main market drivers include the rising consumer demand for natural and clean-label ingredients across diverse industries and increasing health consciousness, which fuels the adoption of carotenoids in nutraceuticals and functional foods due to their antioxidant properties and health.

Key Market Drivers

Increasing consumer health and wellness awareness profoundly influences the global carotenoids market, as individuals actively seek functional ingredients with scientifically supported health benefits. This trend drives demand for products supporting eye health, immune function, and antioxidant protection. According to the American Botanical Council's 2024 Herb Market Report, retail sales of herbal dietary supplements in the United States reached a record $13.231 billion in 2024, demonstrating robust consumer investment in health-focused products. This directly fuels carotenoid adoption in dietary supplements and functional foods.

Key Market Challenges

A significant challenge for the Global Carotenoids Market stems from the substantial price differential between natural and synthetic carotenoids. This economic disparity often overrides the increasing consumer preference for natural and clean-label ingredients, particularly in cost-sensitive industrial applications. Manufacturers, driven by profitability and competitive pricing pressures, frequently opt for more economical synthetic alternatives where regulations permit.

Key Market Trends

Advancements in sustainable carotenoid extraction and biosynthesis technologies are significantly reshaping the market by introducing environmentally responsible and highly efficient production pathways. These innovations include advanced techniques such as microbial fermentation and algae-based cultivation, which reduce dependence on conventional chemical synthesis and resource-intensive plant extraction methods. This shift aligns with the broader industry movement toward sustainable biomanufacturing.

Key Market Players Profiled:

  • Koninklijke DSM N.V.
  • BASF SE
  • Chr. Hansen A/S
  • Cyanotech Corporation
  • Allied Biotech Corporation
  • Kemin Industries Inc.
  • Fuji Chemical Industries Co., Ltd.
  • Novus International, Inc.
  • Döhler GmbH
  • Sensient Technologies Corporation

Report Scope:

In this report, the Global Carotenoids Market has been segmented into the following categories:

By Source:

  • Synthetic Carotenoids
  • Natural Carotenoids

By Type:

  • Astaxanthin
  • Beta-Carotene
  • Lutein
  • Lycopene
  • Canthaxanthin
  • Zeaxanthin
  • Others

By Application:

  • Feed
  • Food & Beverages
  • Dietary Supplements
  • Cosmetics
  • Pharmaceuticals

By Formulation:

  • Beadlet
  • Powder
  • Oil Suspension
  • Emulsion

By Region:

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Carotenoids Market.

Available Customizations:

With the given market data, the publisher offers customizations according to a company's specific needs. The following customization options are available for the report.

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

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Table of Contents

1. Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
4. Voice of Customer
5. Global Carotenoids Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Source (Synthetic Carotenoids, Natural Carotenoids)
5.2.2. By Type (Astaxanthin, Beta-Carotene, Lutein, Lycopene, Canthaxanthin, Zeaxanthin, Others)
5.2.3. By Application (Feed, Food & Beverages, Dietary Supplements, Cosmetics, Pharmaceuticals)
5.2.4. By Formulation (Beadlet, Powder, Oil Suspension, Emulsion)
5.2.5. By Region
5.2.6. By Company (2024)
5.3. Market Map
6. North America Carotenoids Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Source
6.2.2. By Type
6.2.3. By Application
6.2.4. By Formulation
6.2.5. By Country
6.3. North America: Country Analysis
6.3.1. United States Carotenoids Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Source
6.3.1.2.2. By Type
6.3.1.2.3. By Application
6.3.1.2.4. By Formulation
6.3.2. Canada Carotenoids Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Source
6.3.2.2.2. By Type
6.3.2.2.3. By Application
6.3.2.2.4. By Formulation
6.3.3. Mexico Carotenoids Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Source
6.3.3.2.2. By Type
6.3.3.2.3. By Application
6.3.3.2.4. By Formulation
7. Europe Carotenoids Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Source
7.2.2. By Type
7.2.3. By Application
7.2.4. By Formulation
7.2.5. By Country
7.3. Europe: Country Analysis
7.3.1. Germany Carotenoids Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Source
7.3.1.2.2. By Type
7.3.1.2.3. By Application
7.3.1.2.4. By Formulation
7.3.2. France Carotenoids Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Source
7.3.2.2.2. By Type
7.3.2.2.3. By Application
7.3.2.2.4. By Formulation
7.3.3. United Kingdom Carotenoids Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Source
7.3.3.2.2. By Type
7.3.3.2.3. By Application
7.3.3.2.4. By Formulation
7.3.4. Italy Carotenoids Market Outlook
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Value
7.3.4.2. Market Share & Forecast
7.3.4.2.1. By Source
7.3.4.2.2. By Type
7.3.4.2.3. By Application
7.3.4.2.4. By Formulation
7.3.5. Spain Carotenoids Market Outlook
7.3.5.1. Market Size & Forecast
7.3.5.1.1. By Value
7.3.5.2. Market Share & Forecast
7.3.5.2.1. By Source
7.3.5.2.2. By Type
7.3.5.2.3. By Application
7.3.5.2.4. By Formulation
8. Asia-Pacific Carotenoids Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Source
8.2.2. By Type
8.2.3. By Application
8.2.4. By Formulation
8.2.5. By Country
8.3. Asia-Pacific: Country Analysis
8.3.1. China Carotenoids Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Source
8.3.1.2.2. By Type
8.3.1.2.3. By Application
8.3.1.2.4. By Formulation
8.3.2. India Carotenoids Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Source
8.3.2.2.2. By Type
8.3.2.2.3. By Application
8.3.2.2.4. By Formulation
8.3.3. Japan Carotenoids Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Source
8.3.3.2.2. By Type
8.3.3.2.3. By Application
8.3.3.2.4. By Formulation
8.3.4. South Korea Carotenoids Market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Source
8.3.4.2.2. By Type
8.3.4.2.3. By Application
8.3.4.2.4. By Formulation
8.3.5. Australia Carotenoids Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Source
8.3.5.2.2. By Type
8.3.5.2.3. By Application
8.3.5.2.4. By Formulation
9. Middle East & Africa Carotenoids Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Source
9.2.2. By Type
9.2.3. By Application
9.2.4. By Formulation
9.2.5. By Country
9.3. Middle East & Africa: Country Analysis
9.3.1. Saudi Arabia Carotenoids Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Source
9.3.1.2.2. By Type
9.3.1.2.3. By Application
9.3.1.2.4. By Formulation
9.3.2. UAE Carotenoids Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Source
9.3.2.2.2. By Type
9.3.2.2.3. By Application
9.3.2.2.4. By Formulation
9.3.3. South Africa Carotenoids Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Source
9.3.3.2.2. By Type
9.3.3.2.3. By Application
9.3.3.2.4. By Formulation
10. South America Carotenoids Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Source
10.2.2. By Type
10.2.3. By Application
10.2.4. By Formulation
10.2.5. By Country
10.3. South America: Country Analysis
10.3.1. Brazil Carotenoids Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Source
10.3.1.2.2. By Type
10.3.1.2.3. By Application
10.3.1.2.4. By Formulation
10.3.2. Colombia Carotenoids Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Source
10.3.2.2.2. By Type
10.3.2.2.3. By Application
10.3.2.2.4. By Formulation
10.3.3. Argentina Carotenoids Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Source
10.3.3.2.2. By Type
10.3.3.2.3. By Application
10.3.3.2.4. By Formulation
11. Market Dynamics
11.1. Drivers
11.2. Challenges
12. Market Trends & Developments
12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments
13. Global Carotenoids Market: SWOT Analysis
14. Porter's Five Forces Analysis
14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products
15. Competitive Landscape
15.1. Koninklijke DSM N.V.
15.1.1. Business Overview
15.1.2. Products & Services
15.1.3. Recent Developments
15.1.4. Key Personnel
15.1.5. SWOT Analysis
15.2. BASF SE
15.3. Chr. Hansen A/S
15.4. Cyanotech Corporation
15.5. Allied Biotech Corporation
15.6. Kemin Industries Inc.
15.7. Fuji Chemical Industries Co., Ltd.
15.8. Novus International, Inc.
15.9. Döhler GmbH
15.10. Sensient Technologies Corporation
16. Strategic Recommendations17. About the Publisher & Disclaimer

Companies Mentioned

The companies profiled in this Carotenoids market report include:
  • Koninklijke DSM N.V.
  • BASF SE
  • Chr. Hansen A/S
  • Cyanotech Corporation
  • Allied Biotech Corporation
  • Kemin Industries Inc.
  • Fuji Chemical Industries Co., Ltd.
  • Novus International, Inc.
  • Döhler GmbH
  • Sensient Technologies Corporation

Table Information

Report AttributeDetails
No. of Pages185
PublishedNovember 2025
Forecast Period2024 - 2030
Estimated Market Value ( USD ) in 2024 $ 1.8 Billion
Forecasted Market Value ( USD ) by 2030 $ 2.37 Billion
Compound Annual Growth Rate4.6%
Regions CoveredGlobal
No. of Companies Mentioned11

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