The Carotenoid Market will reach US$2.216 billion in 2030 from US$1.779 billion in 2025 at a CAGR of 4.50% during the forecast period.
Carotenoids are referred to as the most popular pigments that are unnaturally sourced from algae, plants, and even bacteria that are photosynthetic. Carotenoids are helpful in enhancing the overall aesthetics of food products by making them visually appealing. They are a class of modern 750 naturally occurring pigments which can be found in the cells of a wide variety of plants. In addition to it, some carotenoids can be converted into vitamin A which is regarded to be an essential component for human health and growth.
The rising awareness about a few medical applications of carotenoids, including the increasing demand for natural colourants, is expected to be a key driver driving the market growth during the forecast period. Moreover, the increasing application of this product across both food and non-food sectors is expected to provide future growth opportunities for the market.
There are multiple health benefits which are associated with the consumption of food containing tetrapterpenoids, which is also another factor that is expected to increase the demand in this market. For instance, the intake of food rich in beta carotene is recommended by a few scientific as well as government organisations, such as the U.S. National Cancer Institute as well as U.S. Department of Agriculture (USDA).
The carotenoid market is driven by the all-natural trend resonating across the globe. Moreover, the growing stringency towards the chemicals that are used for the application of synthetic food ingredients due to their hazardous impact on animal health is projected to drive the demand for this market in the forecast period.
Along with this, taking into account the global food, beverage and cosmetics industries, it can be noted that the consumer inclination towards products having all-natural ingredients over synthetic tetraterpenoids has increased due to the potential beauty as well as health benefits. For instance, in August 2020, Peach and Lily, which is regarded to be a Korean skincare and beauty products company, launched an eye cream, Pure Peach Retinoic Ice Cream, which contains beta carotene as well as Vitamin A. This product has now further resulted in being effective for treating problems such as fine lines, dark circles and even loose skin near the eyes.
With the rise in health and wellness concerns, the consciousness regarding appearance among consumers has increased remarkably, including aesthetics. This rise has increased the demand for effective skincare and cosmetic products globally. Carotenoids have been identified to be one of the most powerful antioxidants which can be used in multiple skin care formulations for protecting against UV light exposure, maintaining skin firmness, as well as improving skin tone. For instance, according to Lucas Meyers Cosmetics, which is regarded to be an Asian cosmetic ingredient company, naturally occurring colourless carotenoids that are found in tomatoes are the ones that can easily be used in the production of natural cosmetics products.
Europe is anticipated to hold a significant market share in the carotenoid market. The existence of a well-established cosmetics industry and a huge animal feed sector across the region is regarded to be the main driver for the carotenoids market growth. Consumers in Europe are conscious of their purchasing habits as food labelling is often checked for ingredients’ origin, the impact on the supply chain on the overall environment, as well as the manufacturing practices.
The consumption of tetraterpenoids in Europe is increasing due to their defensive role in curing the deficiency of vitamin A, which is regarded to be a prominent public health concern. The increase in health concerns as the substitution of chemical-based carotenoids has resulted in the production of natural pigments, which can be used as effective natural colouring agents. Moreover, the rise in the ageing population in the region has also led to a surge in the demand for beta-carotene to reduce the risk of diabetes, cancer, and other health-related issues.
The Carotenoid Market Report provides a comprehensive analysis of the global carotenoid industry, offering strategic insights and data-driven forecasts to empower decision-makers with actionable intelligence. This continuously updated report examines current market trends, growth opportunities, and competitive dynamics, focusing on key carotenoid types such as lutein and zeaxanthin, beta-carotene, lycopene, and others. It explores sources, including natural and synthetic carotenoids, and applications, spanning food and beverages, cosmetics & personal care, animal feed, dietary supplements, pharmaceuticals, and others. The report integrates technological advancements, regulatory frameworks, and macroeconomic factors to deliver a holistic view of the Carotenoid Market.
Carotenoid Market Segmentations:
Carotenoid Market Segmentation by type
The market is analyzed by type into the following:
Carotenoid Market Segmentation by source:
The report analyzes the market by source as below:
Carotenoid Market Segmentation by application:
The report analyzes the market by application as below:
Carotenoid Market Segmentation by regions:
The study also analysed the Carotenoid Market into the following regions, with country-level forecasts and analysis as below:
The carotenoid market sector features leading players such as BASF SE, DSM Nutritional Products, Chr. Hansen Holding A/S, Kemin Industries, Inc., Allied Biotech Corporation, Lycored, FMC Corporation, Döhler GmbH, Sensient Technologies Corporation, Naturex (Givaudan), Algatechnologies Ltd, Farbest Brands, and ExcelVite Sdn. Bhd.
This report provides extensive coverage as explained in the points below:
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