The global Carotenoid market was valued at US$ 1626.8 million in 2022 and is projected to reach US$ 2022.3 million by 2035, at a CAGR of 3.2% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Carotenoids are organic pigments that are produced by plants and algae, as well as several bacteria and fungi. Carotenoids can be produced from fats and other basic organic metabolic building blocks by all these organisms. The only animals known to produce carotenoids are aphids and spider mites, which acquired the ability and genes from fungi. Carotenoids from the diet are stored in the fatty tissues of animals, and exclusively carnivorous animals obtain the compounds from animal fat.
Carotenoid Market aims to provide a comprehensive presentation of the global market for Carotenoid, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Carotenoid. Carotenoid Market contains market size and forecasts of Carotenoid in global, including the following market information:
Global Carotenoid Market Revenue, 2018-2023, 2024-2035, ($ millions)
Global Carotenoid Market Sales, 2018-2023, 2024-2035, (K MT)
Global top five Carotenoid companies in 2022 (%)
Global major manufacturers of Carotenoids are DSM, BASF, Allied Biotech, Chenguang Biotech, FMC etc. The top two companies hold a share about 50%. The largest consumption of carotenoids areas is Europe and it occupied 40%. North America is the second largest consumption areas and occupied 28%. Asia Pacific ranked the third position and occupied 27%.
We surveyed the Carotenoid manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Carotenoid Market, by Type, 2018-2023, 2024-2035 ($ Millions) & (K MT)
Global Carotenoid Market Segment Percentages, by Type, 2022 (%)
- Astaxanthin
- Beta-Carotene
- Canthaxanthin
- Lycopene
- Lutein
Global Carotenoid Market, by Application, 2018-2023, 2024-2035 ($ Millions) & (K MT)
Global Carotenoid Market Segment Percentages, by Application, 2022 (%)
- Food
- Feed
- Pharmaceuticals
- Cosmetics
Global Carotenoid Market, By Region and Country, 2018-2023, 2024-2035 ($ Millions) & (K MT)
Global Carotenoid Market Segment Percentages, By Region and Country, 2022 (%)
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Carotenoid revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies Carotenoid revenues share in global market, 2022 (%)
- Key companies Carotenoid sales in global market, 2018-2023 (Estimated), (K MT)
- Key companies Carotenoid sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
- DSM
- BASF
- Allied Biotech
- Chenguang Biotech
- FMC
- Dohler
- Chr. Hansen
- Carotech
- DDW
- Excelvite
- Anhui Wisdom
- Tian Yin
- Kemin
Outline of Major Chapters:
Chapter 1: Introduces the definition of Carotenoid, market overview.
Chapter 2: Global Carotenoid market size in revenue and volume.
Chapter 3: Detailed analysis of Carotenoid manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Carotenoid in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Carotenoid capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
Industry Market Size
