Carotenoids Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

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.

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

1. What was the Carotenoids Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Carotenoids Market during the forecast period (2022-2028)?
3. 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).
4. Which manufacturer/vendor/players in the Carotenoids Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.