Carotenoids Market

Carotenoids Market (Type: Beta-Carotene, Astaxanthin, Zeaxanthin, Canthaxanthin, Lycopene, and Lutein; End-use: Food, Aquaculture Feed, Poultry Feed, Pet Food, Dietary Supplements, Pharmaceuticals, Cosmetics) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2031

Market Outlook 2031

  • The global carotenoids market size stood at US$ 6.2 Bn in 2022
  • It is expected to increase at a CAGR of 4.5% from 2023 to 2031 and reach US$ 9.0 Bn by the end of 2031

Analysts’ Viewpoint

Children in developing economies in Asia and Sub-Saharan Africa are experiencing a deficiency of vitamin A. The World Health Organization (WHO) has referred to this deficiency as a public health problem that affects 33% of children aged between 6 months and 5 years; with South Asia accounting for 44% and Sub-Sahara Africa – 48%. Balanced intake of carotenoids is likely to minimize vision impairment and consequently, drive the carotenoids market growth during the forecast period.

The WHO states that over 3.2 billion of the global population would cross the age of 60 by 2050. Consumption of carotenoids helps prevent age-related ailments such as diabetes and cardiac arrest. Advantages offered by carotenoids to the geriatric population are anticipated to boost the carotenoids industry in the near future.

Carotenoids Market

Market Introduction

Carotenoids are generally found in plants, algae, and also in some animal species. Carotenoids provide bright yellow, red, and orange color and are majorly used as food coloring agents. They also offer health benefits and can be used as a preventive measure against ailments such as arthritis, diabetes, heart disease, obesity, and cancer. However, of late, governments, and agencies, such as the US Department of Agriculture (USDA), are recommending them due to their antioxidant properties, which help prevent ocular diseases and keep the heart and liver healthy.

Carotenoids help reduce obesity and lower the risks of fatty liver. Other advantages include lowering sugar levels in blood, improving liver fibrosis (in case of those suffering from cirrhosis of liver), reducing risk of heart-related ailments, and formation of erythema, along with lowering glycated hemoglobin.

The high cost of extraction and preservation of integrity of natural carotenoids is a key challenge for manufacturers worldwide. Furthermore, achieving uniformity in color and stability from natural sources is difficult due to variations in climatic conditions and soil composition. These factors are anticipated to impact the carotenoids market outlook during the forecast period.

Excess intake of synthetic carotenoids can pose health risks, which is estimated to hamper market progress in the near future. Moreover, stringent regulations across various regions regarding quality and effectiveness of their products impose strain on manufacturers, thereby hampering the carotenoids market progress.

Increase in Demand for Natural Colorants and Nutritional Supplements Propelling Carotenoids Market Demand

Rise in demand for functional foods, such as fortified foods and carotenoid-based supplements, among consumers, owing to their health benefits is primarily driving market development. Innovation in the food industry is prompting the exploration of new applications of carotenoids. Moreover, increasing stringency of regulations regarding usage of synthetic ingredients in food color is further boosting the extraction of lycopene from tomatoes and beta carotene from carrots to render a wide spectrum of colors. Furthermore, growing awareness among consumers about the use of natural colors derived from food is a key factor that is expected to boost the carotenoids market value during the forecast period.

In the personal care sector, carotenoids are preferred to synthetic tetraterpenoids. In August 2020, Peach & Lily tabled an eye cream called ‘Pure Peach Retinoic Eye Cream’ containing beta-carotene. Lucas Meyers Cosmetics has stated that tomatoes contain naturally occurring colorless carotenoids that could be used in manufacture of natural cosmetics products. Therefore, rising preference for naturally derived colorants is driving the carotenoids market revenue.

Technology Advancements in Extraction Techniques Fueling Carotenoids Market Revenue

Diverse and beneficial applications of carotenoids in food, feed, pharmaceutical, and cosmetic industries has emphasized the optimization of extraction methods. Leading players in the market have been focusing on the development of improved extraction methods for carotenoids for the last few years. However, various barriers, both physical and chemical, present in the food matrix prevent the mass transfer of carotenoids during extraction.

Various conventional and nonconventional methods used for the extraction of carotenoids, including ultrasound-assisted extraction (UAE), pressurized liquid extraction (PLE), and supercritical fluid extraction (SFE) are being developed to cater to the demand for carotenoids. Moreover, non-toxic and environmentally safe solvents are also being employed for carotenoid extraction. These advances are anticipated to fuel the carotenoids market during the forecast period.

Regional Carotenoids Market Forecast

Europe held the largest carotenoids industry share in 2022 due to the well-established cosmetics industry in the region. The presence of a significant animal feed sector is another factor boosting the market size in Europe. In the food & beverages sector, carotenoids are amongst the most sought-after food coloring agents in Europe. As per the European Commission, researchers in Spain have developed a system to produce lutein from green algae Murieollopsis for use in pharmaceuticals. They claim that this newly devised lutein is capable of protecting consumers against macular degeneration and cataracts.

Demand for carotenoids vitamins in Asia Pacific is expected to grow at a rapid pace during the forecast period due to rising awareness about the benefits of carotenoids among consumers in China and Japan. North America holds a significant carotenoids market share due to the healthcare personnel in the U.S. recommending carotenoids for lowering risk of heart diseases, lung cancer, and skin problems.

Analysis of Key Players

The global carotenoids business is moderately fragmented, with a few players accounting for major market share. Leading manufacturers are following the latest carotenoid market trends and entering into collaborations, contractual agreements, and mergers & acquisitions to consolidate their presence across the globe. A few prominent companies operating in the global market include BASF SE, Koninklijke DSM, Kemin Industries, Cynotech Corporation, Naturex S.A., Chr. Hansen Holdings A/S, D.D. Williamson & Co., Inc., FMC Corporation, CP Kelco, and Brenntag GmbH.

Key Developments

  • In August 2023, Divi’s unleashed its cutting-edge Novel Application innovations at FI South America 2023
  • In June 2023, Divi’s Nutraceuticals introduced AstaBead at IFT First 2023, as a by-product of partnership with Algalif in 2022
  • In November 2022, DSM announced collaboration with LBB Specialties to distribute dietary supplements in North America

Global Carotenoids Market Snapshot

Attribute Detail
Market Value in 2022 (Base Year) US$ 6.2 Bn
Market Forecast Value in 2031 US$ 9.0 Bn
Growth Rate (CAGR) 4.5%
Forecast Period 2023-2031
Quantitative Units US$ Bn for Value
Market Analysis Qualitative analysis includes drivers, restraints, opportunities, key trends, key market indicators, Porter’s Five Forces analysis, value chain analysis, and SWOT analysis. Furthermore, at the regional level, the qualitative analysis includes key trends, price trends, and key supplier analysis.
Competition Landscape
  • Prominent Players – Competition Dashboard and Revenue Share Analysis, 2022
  • Company Profiles (Details – Company Overview, Sales Area/Geographical Presence, Revenue, Strategy & Business Overview)
Regions Covered
  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa (MEA)
Market Segmentation
  • Type
    • Beta-Carotene
    • Astaxanthin
    • Lutein
    • Canthaxanthin
    • Lycopene
    • Lutein
  • End-use
    • Food
    • Aquaculture Feed
    • Poultry Feed
    • Pet Food
    • Dietary Supplements
    • Pharmaceuticals
    • Cosmetics
  • Source
    • Fruits & Vegetables
    • Algae & Fungi
    • Synthetic
Companies Profiled
  • BASF SE
  • Koninklijke DSM
  • Kemin Industries
  • Cynotech Corporation
  • Naturex S.A.
  • Chr. Hansen Holdings A/S
  • D.D. Williamson & Co., Inc.
  • FMC Corporation
  • CP Kelco
  • Brenntag GmbH
  • Others
Scope for Customization Available upon Request
Pricing Available upon Request

Frequently Asked Questions

How big was the carotenoids market in 2022?

It was valued at US$ 6.2 Bn in 2022

How is carotenoids business expected to grow during the forecast period?

It is projected to grow at a CAGR of 4.5% from 2023 to 2031

What are the key factors driving the demand for carotenoids?

Increase in demand for natural colorants and nutritional supplements and technology advancements in extraction techniques

Which carotenoids segment held largest share in 2022?

In terms of end-use, the food segment held largest share in 2022

Which region is expected to dominate the carotenoids industry?

Europe is estimated to dominate in the next few years

Who are the key carotenoids manufacturers?

BASF SE, Koninklijke DSM, Kemin Industries, Cynotech Corporation, Naturex S.A., Chr. Hansen Holdings A/S, D.D. Williamson & Co., Inc., FMC Corporation, CP Kelco, Brenntag GmbH

    1. Executive Summary

        1.1. Global Market Outlook

        1.2. Demand Side Trends

        1.3. Supply Side Trends

        1.4. Analysis and Recommendations

    2. Market Overview

        2.1. Market Coverage / Taxonomy

        2.2. Market Definition / Scope / Limitations

    3. Key Market Trends

        3.1. Key Trends Impacting the Market

            3.1.1. Organic and Natural Food Ingredients Remain a Top Priority Among Consumers

            3.1.2. Increasing Incidences of Eye Diseases and Cancer to Enhance Carotenoid Consumption

            3.1.3. Others

        3.2. Product Innovation / Development Trends

    4. Key Success Factors

        4.1. Product Adoption / Usage Analysis

        4.2. Product USPs / Features

    5. Global Carotenoids Market Demand Analysis 2018 - 2022 and Forecast, 2023–2031

        5.1. Historical Market Volume (Tons) Analysis, 2018–2022

        5.2. Current and Future Market Volume (Tons) Projections, 2023–2031

    6. Global Carotenoids Market - Pricing Analysis

        6.1. Regional Pricing Analysis

        6.2. Global Average Pricing Analysis Benchmark

    7. Global Carotenoids Market Demand (in Value or Size in US$ Mn) Analysis 2018 - 2022 and Forecast, 2023–2031

        7.1. Historical Market Value (US$ Mn) Analysis, 2018 - 2022

        7.2. Current and Future Market Value (US$ Mn) Projections, 2023–2031

            7.2.1. Y-o-Y Growth Trend Analysis

            7.2.2. Absolute $ Opportunity Analysis

    8. Market Background

        8.1. Macro-Economic Factors

        8.2. Global Food & Beverage Industry Outlook

        8.3. Global Pharmaceutical Industry Overview

        8.4. Global Cosmetic & Personal Care Industry Overview

        8.5. Global Dietary Supplements Outlook

        8.6. Industry Value and Supply Chain Analysis

            8.6.1. Profit Margin Analysis at each point of sales

                8.6.1.1. Carotenoids Processors

                8.6.1.2. Distributors/Suppliers/Wholesalers

                8.6.1.3. Traders/Retailers

                8.6.1.4. End-Users

        8.7. Market Dynamics

            8.7.1. Drivers

            8.7.2. Restraints

            8.7.3. Opportunity Analysis

        8.8. Forecast Factors - Relevance & Impact

    9. Global Carotenoids Market Analysis 2018 - 2022 and Forecast 2023–2031, By Source

        9.1. Introduction / Key Findings

        9.2. Historical Future Market Size (US$ Mn) and Volume Analysis By Source, 2018 - 2022

        9.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Source, 2023–2031

            9.3.1. Fruits & Vegetables

            9.3.2. Algae & Fungi

            9.3.3. Synthetic

        9.4. Market Attractiveness Analysis By Source

    10. Global Carotenoids Market Analysis 2018 - 2022 and Forecast 2023–2031, By Type

        10.1. Introduction / Key Findings

        10.2. Historical Future Market Size (US$ Mn) and Volume Analysis By Type, 2018 - 2022

        10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Type, 2023–2031

            10.3.1. Beta-Carotene

            10.3.2. Astaxanthin

            10.3.3. Lutein

            10.3.4. Canthaxanthin

            10.3.5. Lycopene

            10.3.6. Others

        10.4. Market Attractiveness Analysis By Type

    11. Global Carotenoids Market Analysis 2018 - 2022 and Forecast 2023–2031, By End Use

        11.1. Introduction / Key Findings

        11.2. Historical Future Market Size (US$ Mn) Analysis By End Use, 2018 - 2022

        11.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By End Use, 2023–2031

            11.3.1. Food

            11.3.2. Aquaculture Feed

            11.3.3. Poultry Feed

            11.3.4. Pet Food

            11.3.5. Dietary Supplements

            11.3.6. Pharmaceuticals

            11.3.7. Cosmetic & Personal Care

        11.4. Market Attractiveness Analysis By End Use

    12. Global Carotenoids Market Analysis 2018 - 2022 and Forecast 2023–2031, By Region

        12.1. Introduction

        12.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2018 - 2022

        12.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Region, 2023–2031

            12.3.1. North America

            12.3.2. Latin America

            12.3.3. Western Europe

            12.3.4. Eastern Europe

            12.3.5. East Asia

            12.3.6. South Asia

            12.3.7. Oceania

            12.3.8. Middle East and Africa (MEA)

        12.4. Market Attractiveness Analysis By Region

    13. North America Carotenoids Market Analysis 2018 - 2022 and Forecast 2023–2031

        13.1. Introduction

        13.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018 - 2022

        13.3. Current and Future Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2023–2031

            13.3.1. By Country

                13.3.1.1. U.S.

                13.3.1.2. Canada

                13.3.1.3. Mexico

            13.3.2. By Source

            13.3.3. By Type

            13.3.4. By End Use

        13.4. Market Attractiveness Analysis

            13.4.1. By Country

            13.4.2. By Source

            13.4.3. By Type

            13.4.4. By End Use

        13.5. Drivers and Restraints - Impact Analysis

    14. Latin America Carotenoids Market Analysis 2018 - 2022 and Forecast 2023–2031

        14.1. Introduction

        14.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018 - 2022

        14.3. Current and Future Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2023–2031

            14.3.1. By Country

                14.3.1.1. Brazil

                14.3.1.2. Argentina

                14.3.1.3. Rest of Latin America

            14.3.2. By Source

            14.3.3. By Type

            14.3.4. By End Use

        14.4. Market Attractiveness Analysis

            14.4.1. By Country

            14.4.2. By Type

            14.4.3. By Source

            14.4.4. By End Use

        14.5. Drivers and Restraints - Impact Analysis

    15. Western Europe Carotenoids Market Analysis 2018 - 2022 and Forecast 2023–2031

        15.1. Introduction

        15.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018 - 2022

        15.3. Current and Future Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2023–2031

            15.3.1. By Country

                15.3.1.1. Germany

                15.3.1.2. U.K.

                15.3.1.3. France

                15.3.1.4. Italy

                15.3.1.5. Spain

                15.3.1.6. BENELUX

                15.3.1.7. Nordic

                15.3.1.8. Rest of Western Europe

            15.3.2. By Source

            15.3.3. By Type

            15.3.4. By End Use

        15.4. Market Attractiveness Analysis

            15.4.1. By Country

            15.4.2. By Source

            15.4.3. By Type

            15.4.4. By End Use

        15.5. Drivers and Restraints - Impact Analysis

    16. Eastern Europe Carotenoids Market Analysis 2018 - 2022 and Forecast 2023–2031

        16.1. Introduction

        16.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018 - 2022

        16.3. Current and Future Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2023–2031

            16.3.1. By Country

                16.3.1.1. Russia

                16.3.1.2. Poland

                16.3.1.3. Hungary

                16.3.1.4. Balkan & Baltics

                16.3.1.5. Rest of Eastern Europe

            16.3.2. By Source

            16.3.3. By Type

            16.3.4. By End Use

        16.4. Market Attractiveness Analysis

            16.4.1. By Country

            16.4.2. By Source

            16.4.3. By Type

            16.4.4. By End Use

        16.5. Drivers and Restraints - Impact Analysis

    17. South Asia Carotenoids Market Analysis 2018 - 2022 and Forecast 2023–2031

        17.1. Introduction

        17.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018 - 2022

        17.3. Current and Future Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2023–2031

            17.3.1. By Country

                17.3.1.1. India

                17.3.1.2. Thailand

                17.3.1.3. Indonesia

                17.3.1.4. Malaysia

                17.3.1.5. Rest of South Asia

            17.3.2. By Source

            17.3.3. By Type

            17.3.4. By End Use

        17.4. Market Attractiveness Analysis

            17.4.1. By Country

            17.4.2. By Source

            17.4.3. By Type

            17.4.4. By End Use

        17.5. Drivers and Restraints - Impact Analysis

    18. East Asia Carotenoids Market Analysis 2018 - 2022 and Forecast 2023–2031

        18.1. Introduction

        18.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018 - 2022

        18.3. Current and Future Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2023–2031

            18.3.1. By Country

                18.3.1.1. China

                18.3.1.2. Japan

                18.3.1.3. South Korea

            18.3.2. By Source

            18.3.3. By Type

            18.3.4. By End Use

        18.4. Market Attractiveness Analysis

            18.4.1. By Source

            18.4.2. By Type

            18.4.3. By End Use

        18.5. Drivers and Restraints - Impact Analysis

    19. Oceania Carotenoids Market Analysis 2018 - 2022 and Forecast 2023–2031

        19.1. Introduction

        19.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018 - 2022

        19.3. Current and Future Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2023–2031

            19.3.1. By Country

                19.3.1.1. Australia

                19.3.1.2. New Zealand

            19.3.2. By Source

            19.3.3. By Type

            19.3.4. By End Use

        19.4. Market Attractiveness Analysis

            19.4.1. By Country

            19.4.2. By Source

            19.4.3. By Type

            19.4.4. By End Use

        19.5. Drivers and Restraints - Impact Analysis

    20. Middle East and Africa Carotenoids Market Analysis 2018 - 2022 and Forecast 2023–2031

        20.1. Introduction

        20.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018 - 2022

        20.3. Current and Future Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2023–2031

            20.3.1. By Country

                20.3.1.1. KSA

                20.3.1.2. Other GCC Countries

                20.3.1.3. Turkiye

                20.3.1.4. South Africa

                20.3.1.5. Other Africa Union

                20.3.1.6. Rest of Middle East and Africa

            20.3.2. By Source

            20.3.3. By Type

            20.3.4. By End Use

        20.4. Market Attractiveness Analysis

            20.4.1. By Country

            20.4.2. By Source

            20.4.3. By Type

            20.4.4. By End Use

        20.5. Drivers and Restraints - Impact Analysis

    21. Country Wise Carotenoids Market Analysis, 2022

        21.1. Introduction

            21.1.1. Market Value Proportion Analysis, By Key Countries

            21.1.2. Global Vs. Country Growth Comparison

        21.2. U.S. Carotenoids Market Analysis

            21.2.1. By Source

            21.2.2. By Type

            21.2.3. By End Use

        21.3. Canada Carotenoids Market Analysis

            21.3.1. By Source

            21.3.2. By Type

            21.3.3. By End Use

        21.4. Brazil Carotenoids Market Analysis

            21.4.1. By Source

            21.4.2. By Type

            21.4.3. By End Use

        21.5. Mexico Carotenoids Market Analysis

            21.5.1. By Source

            21.5.2. By Type

            21.5.3. By End Use

        21.6. Argentina Carotenoids Market Analysis

            21.6.1. By Source

            21.6.2. By Type

            21.6.3. By End Use

        21.7. Germany Carotenoids Market Analysis

            21.7.1. By Source

            21.7.2. By Type

            21.7.3. By End Use

        21.8. Italy Carotenoids Market Analysis

            21.8.1. By Source

            21.8.2. By Type

            21.8.3. By End Use

        21.9. France Carotenoids Market Analysis

            21.9.1. By Source

            21.9.2. By Type

            21.9.3. By End Use

        21.10. U.K. Carotenoids Market Analysis

            21.10.1. By Source

            21.10.2. By Type

            21.10.3. By End Use

        21.11. Spain Carotenoids Market Analysis

            21.11.1. By Source

            21.11.2. By Type

            21.11.3. By End Use

        21.12. Russia Carotenoids Market Analysis

            21.12.1. By Source

            21.12.2. By Type

            21.12.3. By End Use

        21.13. Poland Carotenoids Market Analysis

            21.13.1. By Source

            21.13.2. By Type

            21.13.3. By End Use

        21.14. Hungary Carotenoids Market Analysis

            21.14.1. By Source

            21.14.2. By Type

            21.14.3. By End Use

        21.15. Balkan & Baltics Carotenoids Market Analysis

            21.15.1. By Source

            21.15.2. By Type

            21.15.3. By End Use

        21.16. China Carotenoids Market Analysis

            21.16.1. By Source

            21.16.2. By Type

            21.16.3. By End Use

        21.17. Japan Carotenoids Market Analysis

            21.17.1. By Source

            21.17.2. By Type

            21.17.3. By End Use

        21.18. South Korea Carotenoids Market Analysis

            21.18.1. By Source

            21.18.2. By Type

            21.18.3. By End Use

        21.19. India Carotenoids Market Analysis

            21.19.1. By Source

            21.19.2. By Type

            21.19.3. By End Use

        21.20. Thailand Carotenoids Market Analysis

            21.20.1. By Source

            21.20.2. By Type

            21.20.3. By End Use

        21.21. Indonesia Carotenoids Market Analysis

            21.21.1. By Source

            21.21.2. By Type

            21.21.3. By End Use

        21.22. Malaysia Carotenoids Market Analysis

            21.22.1. By Source

            21.22.2. By Type

            21.22.3. By End Use

        21.23. Australia Carotenoids Market Analysis

            21.23.1. By Source

            21.23.2. By Type

            21.23.3. By End Use

        21.24. New Zealand Carotenoids Market Analysis

            21.24.1. By Source

            21.24.2. By Type

            21.24.3. By End Use

        21.25. KSA Carotenoids Market Analysis

            21.25.1. By Source

            21.25.2. By Type

            21.25.3. By End Use

        21.26. Turkiye Carotenoids Market Analysis

            21.26.1. By Source

            21.26.2. By Type

            21.26.3. By End Use

        21.27. South Africa Carotenoids Market Analysis

            21.27.1. By Source

            21.27.2. By Type

            21.27.3. By End Use

    22. Market Structure Analysis

        22.1. Market Analysis By Tier of Companies

        22.2. Market Concentration

        22.3. Market Presence Analysis

    23. Competition Analysis

        23.1. Competition Dashboard

        23.2. Competition Deep Dive

            23.2.1. BASF SE

                23.2.1.1. Overview

                23.2.1.2. Product Portfolio

                23.2.1.3. Sales Footprint

                23.2.1.4. Key Developments/Key Takeaways

                23.2.1.5. Strategy Overview

            23.2.2. Koninklijke DSM

                23.2.2.1. Overview

                23.2.2.2. Product Portfolio

                23.2.2.3. Sales Footprint

                23.2.2.4. Key Developments/Key Takeaways

                23.2.2.5. Strategy Overview

            23.2.3. Kemin Industries

                23.2.3.1. Overview

                23.2.3.2. Product Portfolio

                23.2.3.3. Sales Footprint

                23.2.3.4. Key Developments/Key Takeaways

                23.2.3.5. Strategy Overview

            23.2.4. Cynotech Corporation

                23.2.4.1. Overview

                23.2.4.2. Product Portfolio

                23.2.4.3. Sales Footprint

                23.2.4.4. Key Developments/Key Takeaways

                23.2.4.5. Strategy Overview

            23.2.5. Naturex S.A.

                23.2.5.1. Overview

                23.2.5.2. Product Portfolio

                23.2.5.3. Sales Footprint

                23.2.5.4. Key Developments/Key Takeaways

                23.2.5.5. Strategy Overview

            23.2.6. Chr. Hansen Holdings A/S

                23.2.6.1. Overview

                23.2.6.2. Product Portfolio

                23.2.6.3. Sales Footprint

                23.2.6.4. Key Developments/Key Takeaways

                23.2.6.5. Strategy Overview

            23.2.7. FMC Corporation

                23.2.7.1. Overview

                23.2.7.2. Product Portfolio

                23.2.7.3. Sales Footprint

                23.2.7.4. Key Developments/Key Takeaways

                23.2.7.5. Strategy Overview

            23.2.8. D.D. Williamson & Co., Inc.

                23.2.8.1. Overview

                23.2.8.2. Product Portfolio

                23.2.8.3. Sales Footprint

                23.2.8.4. Key Developments/Key Takeaways

                23.2.8.5. Strategy Overview

            23.2.9. CP Kelco

                23.2.9.1. Overview

                23.2.9.2. Product Portfolio

                23.2.9.3. Sales Footprint

                23.2.9.4. Key Developments/Key Takeaways

                23.2.9.5. Strategy Overview

            23.2.10. Brenntag GmbH

                23.2.10.1. Overview

                23.2.10.2. Product Portfolio

                23.2.10.3. Sales Footprint

                23.2.10.4. Key Developments/Key Takeaways

                23.2.10.5. Strategy Overview

            23.2.11. Others (on additional request)

                23.2.11.1. Overview

                23.2.11.2. Product Portfolio

                23.2.11.3. Sales Footprint

                23.2.11.4. Key Developments/Key Takeaways

                23.2.11.5. Strategy Overview

    24. Assumptions and Acronyms Used

    25. Research Methodology

    List of Tables

    Table 01: Global Carotenoids Market Value (US$ Mn) Analysis and Forecast by Source Segment, 2023–2031

    Table 02: Global Carotenoids Market Volume (Tons) Analysis and Forecast by Source Segment, 2023–2031

    Table 03: Global Carotenoids Market Value (US$ Mn) Analysis and Forecast by Type Segment, 2023–2031

    Table 04: Global Carotenoids Market Volume (Tons) Analysis and Forecast by Type Segment, 2023–2031

    Table 05: Global Carotenoids Market Value (US$ Mn) Analysis and Forecast by End Use Segment, 2023–2031

    Table 06: Global Carotenoids Market Volume (Tons) Analysis and Forecast by End Use Segment, 2023–2031

    Table 07: Global Carotenoids Market Value (US$ Mn) Analysis and Forecast by Region, 2023–2031

    Table 08: Global Carotenoids Market Volume (Tons) Analysis and Forecast by Region, 2023–2031

    Table 09: North America Carotenoids Market Value (US$ Mn) Analysis and Forecast by Source Segment, 2023–2031

    Table 10: North America Carotenoids Market Volume (Tons) Analysis and Forecast by Source Segment, 2023–2031

    Table 11: North America Carotenoids Market Value (US$ Mn) Analysis and Forecast by Type Segment, 2023–2031

    Table 12: North America Carotenoids Market Volume (Tons) Analysis and Forecast by Type Segment, 2023–2031

    Table 13: North America Carotenoids Market Value (US$ Mn) Analysis and Forecast by End Use Segment, 2023–2031

    Table 14: North America Carotenoids Market Volume (Tons) Analysis and Forecast by End Use Segment, 2023–2031

    Table 15: North America Carotenoids Market Value (US$ Mn) Analysis and Forecast by Country, 2023–2031

    Table 16: North America Carotenoids Market Volume (Tons) Analysis and Forecast by Country, 2023–2031

    Table 17: Latin America Carotenoids Market Value (US$ Mn) Analysis and Forecast by Source Segment, 2023–2031

    Table 18: Latin America Carotenoids Market Volume (Tons) Analysis and Forecast by Source Segment, 2023–2031

    Table 19: Latin America Carotenoids Market Value (US$ Mn) Analysis and Forecast by Type Segment, 2023–2031

    Table 20: Latin America Carotenoids Market Volume (Tons) Analysis and Forecast by Type Segment, 2023–2031

    Table 21: Latin America Carotenoids Market Value (US$ Mn) Analysis and Forecast by End Use Segment, 2023–2031

    Table 22: Latin America Carotenoids Market Volume (Tons) Analysis and Forecast by End Use Segment, 2023–2031

    Table 23: Latin America Carotenoids Market Value (US$ Mn) Analysis and Forecast by Country, 2023–2031

    Table 24: Latin America Carotenoids Market Volume (Tons) Analysis and Forecast by Country, 2023–2031

    Table 25: Western Europe Carotenoids Market Value (US$ Mn) Analysis and Forecast by Source Segment, 2023–2031

    Table 26: Western Europe Carotenoids Market Volume (Tons) Analysis and Forecast by Source Segment, 2023–2031

    Table 27: Western Europe Carotenoids Market Value (US$ Mn) Analysis and Forecast by Type Segment, 2023–2031

    Table 28: Western Europe Carotenoids Market Volume (Tons) Analysis and Forecast by Type Segment, 2023–2031

    Table 29: Western Europe Carotenoids Market Value (US$ Mn) Analysis and Forecast by End Use Segment, 2023–2031

    Table 30: Western Europe Carotenoids Market Volume (Tons) Analysis and Forecast by End Use Segment, 2023–2031

    Table 31: Western Europe Carotenoids Market Value (US$ US$ Mn) Analysis and Forecast by Country, 2023–2031

    Table 32: Western Europe Carotenoids Market Volume (Tons) Analysis and Forecast by Country, 2023–2031

    Table 33: Eastern Europe Carotenoids Market Value (US$ Mn) Analysis and Forecast by Source Segment, 2023–2031

    Table 34: Eastern Europe Carotenoids Market Volume (Tons) Analysis and Forecast by Source Segment, 2023–2031

    Table 35: Eastern Europe Carotenoids Market Value (US$ Mn) Analysis and Forecast by Type Segment, 2023–2031

    Table 36: Eastern Europe Carotenoids Market Volume (Tons) Analysis and Forecast by Type Segment, 2023–2031

    Table 37: Eastern Europe Carotenoids Market Value (US$ Mn) Analysis and Forecast by End Use Segment, 2023–2031

    Table 38: Eastern Europe Carotenoids Market Volume (Tons) Analysis and Forecast by End Use Segment, 2023–2031

    Table 39: Eastern Europe Carotenoids Market Value (US$ US$ Mn) Analysis and Forecast by Country, 2023–2031

    Table 40: Eastern Europe Carotenoids Market Volume (Tons) Analysis and Forecast by Country, 2023–2031

    Table 41: South Asia Carotenoids Market Value (US$ Mn) Analysis and Forecast by Source Segment, 2023–2031

    Table 42: South Asia Carotenoids Market Volume (Tons) Analysis and Forecast by Source Segment, 2023–2031

    Table 43: South Asia Carotenoids Market Value (US$ Mn) Analysis and Forecast by Type Segment, 2023–2031

    Table 44: South Asia Carotenoids Market Volume (Tons) Analysis and Forecast by Type Segment, 2023–2031

    Table 45: South Asia Carotenoids Market Value (US$ Mn) Analysis and Forecast by End Use Segment, 2023–2031

    Table 46: South Asia Carotenoids Market Volume (Tons) Analysis and Forecast by End Use Segment, 2023–2031

    Table 47: South Asia Carotenoids Market Value (US$ Mn) Analysis and Forecast by Country, 2023–2031

    Table 48: South Asia Carotenoids Market Volume (Tons) Analysis and Forecast by Country, 2023–2031

    Table 49: East Asia Carotenoids Market Value (US$ Mn) Analysis and Forecast by Source Segment, 2023–2031

    Table 50: East Asia Carotenoids Market Volume (Tons) Analysis and Forecast by Source Segment, 2023–2031

    Table 51: East Asia Carotenoids Market Value (US$ Mn) Analysis and Forecast by Type Segment, 2023–2031

    Table 52: East Asia Carotenoids Market Volume (Tons) Analysis and Forecast by Type Segment, 2023–2031

    Table 53: East Asia Carotenoids Market Value (US$ Mn) Analysis and Forecast by End Use Segment, 2023–2031

    Table 54: East Asia Carotenoids Market Volume (Tons) Analysis and Forecast by End Use Segment, 2023–2031

    Table 55: East Asia Carotenoids Market Value (US$ Mn) Analysis and Forecast by Country, 2023–2031

    Table 56: East Asia Carotenoids Market Volume (Tons) Analysis and Forecast by Country, 2023–2031

    Table 57: Oceania Carotenoids Market Value (US$ Mn) Analysis and Forecast by Source Segment, 2023–2031

    Table 58: Oceania Carotenoids Market Volume (Tons) Analysis and Forecast by Source Segment, 2023–2031

    Table 59: Oceania Carotenoids Market Value (US$ Mn) Analysis and Forecast by Type Segment, 2023–2031

    Table 60: Oceania Carotenoids Market Volume (Tons) Analysis and Forecast by Type Segment, 2023–2031

    Table 61: Oceania Carotenoids Market Value (US$ Mn) Analysis and Forecast by End Use Segment, 2023–2031

    Table 62: Oceania Carotenoids Market Volume (Tons) Analysis and Forecast by End Use Segment, 2023–2031

    Table 63: Oceania Carotenoids Market Value (US$ Mn) Analysis and Forecast by Country, 2023–2031

    Table 64: Oceania Carotenoids Market Volume (Tons) Analysis and Forecast by Country, 2023–2031

    Table 65: Middle East & Africa Carotenoids Market Value (US$ Mn) Analysis and Forecast by Source Segment, 2023–2031

    Table 66: Middle East & Africa Carotenoids Market Volume (Tons) Analysis and Forecast by Source Segment, 2023–2031

    Table 67: Middle East & Africa Carotenoids Market Value (US$ Mn) Analysis and Forecast by Type Segment, 2023–2031

    Table 68: Middle East & Africa Carotenoids Market Volume (Tons) Analysis and Forecast by Type Segment, 2023–2031

    Table 69: Middle East & Africa Carotenoids Market Value (US$ Mn) Analysis and Forecast by End Use Segment, 2023–2031

    Table 70: Middle East & Africa Carotenoids Market Volume (Tons) Analysis and Forecast by End Use Segment, 2023–2031

    Table 71: Middle East & Africa Carotenoids Market Value (US$ Mn) Analysis and Forecast by Country, 2023–2031

    Table 72: Middle East & Africa Carotenoids Market Volume (Tons) Analysis and Forecast by Country, 2023–2031

    List of Figures

    Figure 01: Global Carotenoids Market Value (US$ Mn) Forecast, 2023–2031

    Figure 02: Global Carotenoids Market Volume (Tons) Forecast, 2023–2031

    Figure 03: Global Carotenoids Market Value Share Analysis by Source, 2023 E

    Figure 04: Global Carotenoids Market Y-o-Y Growth Rate by Source, 2023–2031

    Figure 05: Global Carotenoids Market Value (US$ Mn) Analysis & Forecast by Source, 2023–2031

    Figure 06: Global Carotenoids Market Volume (Tons) Analysis & Forecast by Source, 2023–2031

    Figure 07: Global Carotenoids Market Value Share Analysis by Type, 2023 E

    Figure 08: Global Carotenoids Market Y-o-Y Growth Rate by Type, 2023–2031

    Figure 09: Global Carotenoids Market Value (US$ Mn) Analysis & Forecast by Type, 2023–2031

    Figure 10: Global Carotenoids Market Volume (Tons) Analysis & Forecast by Type, 2023–2031

    Figure 11: Global Carotenoids Market Value Share Analysis by End Use, 2023 E

    Figure 12: Global Carotenoids Market Y-o-Y Growth Rate by End Use, 2023–2031

    Figure 13: Global Carotenoids Market Value (US$ Mn) Analysis & Forecast by End Use, 2023–2031

    Figure 14: Global Carotenoids Market Volume (Tons) Analysis & Forecast by End Use, 2023–2031

    Figure 15: Global Carotenoids Market Value Share Analysis by Region, 2023 E

    Figure 16: Global Carotenoids Market Y-o-Y Growth Rate by Region, 2023–2031

    Figure 17: Global Carotenoids Market Value (US$ Mn) Analysis & Forecast by Region, 2023–2031

    Figure 18: Global Carotenoids Market Volume (Tons) Analysis & Forecast by Region, 2023–2031

    Figure 19: Global Carotenoids Market Attractiveness Analysis by Region, 2023–2031

    Figure 20: Global Carotenoids Market Attractiveness Analysis by Source, 2023–2031

    Figure 21: Global Carotenoids Market Attractiveness Analysis by Type, 2023–2031

    Figure 22: Global Carotenoids Market Attractiveness Analysis by End Use, 2023–2031

    Figure 23: North America Carotenoids Market Value (US$ Mn) Analysis & Forecast by Source, 2023–2031

    Figure 24: North America Carotenoids Market Volume (Tons) Analysis & Forecast by Source, 2023–2031

    Figure 25: North America Carotenoids Market Value (US$ Mn) Analysis & Forecast by Type, 2023–2031

    Figure 26: North America Carotenoids Market Volume (Tons) Analysis & Forecast by Type, 2023–2031

    Figure 27: North America Carotenoids Market Value (US$ Mn) Analysis & Forecast by End Use, 2023–2031

    Figure 28: North America Carotenoids Market Volume (Tons) Analysis & Forecast by End Use, 2023–2031

    Figure 29: North America Carotenoids Market Value (US$ Mn) Analysis & Forecast by Country, 2023–2031

    Figure 30: North America Carotenoids Market Volume (Tons) Analysis & Forecast by Country, 2023–2031

    Figure 31: North America Carotenoids Market Attractiveness Analysis by Country, 2023–2031

    Figure 32: North America Carotenoids Market Attractiveness Analysis by Source, 2023–2031

    Figure 33: North America Carotenoids Market Attractiveness Analysis by Type, 2023–2031

    Figure 34: North America Carotenoids Market Attractiveness Analysis by End Use, 2023–2031

    Figure 35: Latin America Carotenoids Market Value (US$ Mn) Analysis & Forecast by Source, 2023–2031

    Figure 36: Latin America Carotenoids Market Volume (Tons) Analysis & Forecast by Source, 2023–2031

    Figure 37: Latin America Carotenoids Market Value (US$ Mn) Analysis & Forecast by Type, 2023–2031

    Figure 38: Latin America Carotenoids Market Volume (Tons) Analysis & Forecast by Type, 2023–2031

    Figure 39: Latin America Carotenoids Market Value (US$ Mn) Analysis & Forecast by End Use, 2023–2031

    Figure 40: Latin America Carotenoids Market Volume (Tons) Analysis & Forecast by End Use, 2023–2031

    Figure 41: Latin America Carotenoids Market Value (US$ Mn) Analysis & Forecast by Country, 2023–2031

    Figure 42: Latin America Carotenoids Market Volume (Tons) Analysis & Forecast by Country, 2023–2031

    Figure 43: Latin America Carotenoids Market Attractiveness Analysis by Country, 2023–2031

    Figure 44: Latin America Carotenoids Market Attractiveness Analysis by Source, 2023–2031

    Figure 45: Latin America Carotenoids Market Attractiveness Analysis by Type, 2023–2031

    Figure 46: Latin America Carotenoids Market Attractiveness Analysis by End Use, 2023–2031

    Figure 47: Western Europe Carotenoids Market Value (US$ Mn) Analysis & Forecast by Source, 2023–2031

    Figure 48: Western Europe Carotenoids Market Volume (Tons) Analysis & Forecast by Source, 2023–2031

    Figure 49: Western Europe Carotenoids Market Value (US$ Mn) Analysis & Forecast by Type, 2023–2031

    Figure 50: Western Europe Carotenoids Market Volume (Tons) Analysis & Forecast by Type, 2023–2031

    Figure 51: Western Europe Carotenoids Market Value (US$ Mn) Analysis & Forecast by End Use, 2023–2031

    Figure 52: Western Europe Carotenoids Market Volume (Tons) Analysis & Forecast by End Use, 2023–2031

    Figure 53: Western Europe Carotenoids Market Value (US$ Mn) Analysis & Forecast by Country, 2023–2031

    Figure 54: Western Europe Carotenoids Market Volume (Tons) Analysis & Forecast by Country, 2023–2031

    Figure 55: Western Europe Carotenoids Market Attractiveness Analysis by Country, 2023–2031

    Figure 56: Western Europe Carotenoids Market Attractiveness Analysis by Source, 2023–2031

    Figure 57: Western Europe Carotenoids Market Attractiveness Analysis by Type, 2023–2031

    Figure 58: Western Europe Carotenoids Market Attractiveness Analysis by End Use, 2023–2031

    Figure 59: Eastern Europe Carotenoids Market Value (US$ Mn) Analysis & Forecast by Source, 2023–2031

    Figure 60: Europe Carotenoids Market Volume (Tons) Analysis & Forecast by Source, 2023–2031

    Figure 61: Eastern Europe Carotenoids Market Value (US$ Mn) Analysis & Forecast by Type, 2023–2031

    Figure 62: Eastern Europe Carotenoids Market Volume (Tons) Analysis & Forecast by Type, 2023–2031

    Figure 63: Eastern Europe Carotenoids Market Value (US$ Mn) Analysis & Forecast by End Use, 2023–2031

    Figure 64: Eastern Europe Carotenoids Market Volume (Tons) Analysis & Forecast by End Use, 2023–2031

    Figure 65: Eastern Europe Carotenoids Market Value (US$ Mn) Analysis & Forecast by Country, 2023–2031

    Figure 66: Eastern Europe Carotenoids Market Volume (Tons) Analysis & Forecast by Country, 2023–2031

    Figure 67: Eastern Europe Carotenoids Market Attractiveness Analysis by Country, 2023–2031

    Figure 68: Eastern Europe Carotenoids Market Attractiveness Analysis by Source, 2023–2031

    Figure 69: Eastern Europe Carotenoids Market Attractiveness Analysis by Type, 2023–2031

    Figure 70: Eastern Europe Carotenoids Market Attractiveness Analysis by End Use, 2023–2031

    Figure 71: South Asia Carotenoids Market Value (US$ Mn) Analysis & Forecast by Source, 2023–2031

    Figure 72: South Asia Carotenoids Market Volume (Tons) Analysis & Forecast by Source, 2023–2031

    Figure 73: South Asia Carotenoids Market Value (US$ Mn) Analysis & Forecast by Type, 2023–2031

    Figure 74: South Asia Carotenoids Market Volume (Tons) Analysis & Forecast by Type, 2023–2031

    Figure 75: South Asia Carotenoids Market Value (US$ Mn) Analysis & Forecast by End Use, 2023–2031

    Figure 76: South Asia Carotenoids Market Volume (Tons) Analysis & Forecast by End Use, 2023–2031

    Figure 77: South Asia Carotenoids Market Value (US$ Mn) Analysis & Forecast by Country, 2023–2031

    Figure 78: South Asia Carotenoids Market Volume (Tons) Analysis & Forecast by Country, 2023–2031

    Figure 79: South Asia Carotenoids Market Attractiveness Analysis by Country, 2023–2031

    Figure 80: South Asia Carotenoids Market Attractiveness Analysis by Source, 2023–2031

    Figure 81: South Asia Carotenoids Market Attractiveness Analysis by Type, 2023–2031

    Figure 82: South Asia Carotenoids Market Attractiveness Analysis by End Use, 2023–2031

    Figure 83: East Asia Carotenoids Market Value (US$ Mn) Analysis & Forecast by Source, 2023–2031

    Figure 84: East Asia Carotenoids Market Volume (Tons) Analysis & Forecast by Source, 2023–2031

    Figure 85: East Asia Carotenoids Market Value (US$ Mn) Analysis & Forecast by Type, 2023–2031

    Figure 86: East Asia Carotenoids Market Volume (Tons) Analysis & Forecast by Type, 2023–2031

    Figure 87: East Asia Carotenoids Market Value (US$ Mn) Analysis & Forecast by End Use, 2023–2031

    Figure 88: East Asia Carotenoids Market Volume (Tons) Analysis & Forecast by End Use, 2023–2031

    Figure 89: East Asia Carotenoids Market Value (US$ Mn) Analysis & Forecast by Country, 2023–2031

    Figure 90: East Asia Carotenoids Market Volume (Tons) Analysis & Forecast by Country, 2023–2031

    Figure 91: East Asia Carotenoids Market Attractiveness Analysis by Country, 2023–2031

    Figure 92: East Asia Carotenoids Market Attractiveness Analysis by Source, 2023–2031

    Figure 93: East Asia Carotenoids Market Attractiveness Analysis by Type, 2023–2031

    Figure 94: East Asia Carotenoids Market Attractiveness Analysis by End Use, 2023–2031

    Figure 95: Oceania Carotenoids Market Value (US$ Mn) Analysis & Forecast by Source, 2023–2031

    Figure 96: Oceania Carotenoids Market Volume (Tons) Analysis & Forecast by Source, 2023–2031

    Figure 97: Oceania Carotenoids Market Value (US$ Mn) Analysis & Forecast by Type, 2023–2031

    Figure 98: Oceania Carotenoids Market Volume (Tons) Analysis & Forecast by Type, 2023–2031

    Figure 99: Oceania Carotenoids Market Value (US$ Mn) Analysis & Forecast by End Use, 2023–2031

    Figure 100: Oceania Carotenoids Market Volume (Tons) Analysis & Forecast by End Use, 2023–2031

    Figure 101: Oceania Carotenoids Market Value (US$ Mn) Analysis & Forecast by Country, 2023–2031

    Figure 102: Oceania Carotenoids Market Volume (Tons) Analysis & Forecast by Country, 2023–2031

    Figure 103: Oceania Carotenoids Market Attractiveness Analysis by Country, 2023–2031

    Figure 104: Oceania Carotenoids Market Attractiveness Analysis by Source, 2023–2031

    Figure 105: Oceania Carotenoids Market Attractiveness Analysis by Type, 2023–2031

    Figure 106: Oceania Carotenoids Market Attractiveness Analysis by End Use, 2023–2031

    Figure 107: Middle East & Africa Carotenoids Market Value (US$ Mn) Analysis & Forecast by Source, 2023–2031

    Figure 108: Middle East & Africa Carotenoids Market Volume (Tons) Analysis & Forecast by Source, 2023–2031

    Figure 109: Middle East & Africa Carotenoids Market Value (US$ Mn) Analysis & Forecast by Type, 2023–2031

    Figure 110: Middle East & Africa Carotenoids Market Volume (Tons) Analysis & Forecast by Type, 2023–2031

    Figure 111: Middle East & Africa Carotenoids Market Value (US$ Mn) Analysis & Forecast by End Use, 2023–2031

    Figure 112: Middle East & Africa Carotenoids Market Volume (Tons) Analysis & Forecast by End Use, 2023–2031

    Figure 113: Middle East & Africa Carotenoids Market Value (US$ Mn) Analysis & Forecast by Country, 2023–2031

    Figure 114: Middle East & Africa Carotenoids Market Volume (Tons) Analysis & Forecast by Country, 2023–2031

    Figure 115: Middle East & Africa Carotenoids Market Attractiveness Analysis by Country, 2023–2031

    Figure 116: Middle East & Africa Carotenoids Market Attractiveness Analysis by Source, 2023–2031

    Figure 117: Middle East & Africa Carotenoids Market Attractiveness Analysis by Type, 2023–2031

    Figure 118: Middle East & Africa Carotenoids Market Attractiveness Analysis by End Use, 2023–2031

Copyright © Transparency Market Research, Inc. All Rights reserved