Carotenoids Market Is Forecasted To Reach Us$ 2.45 Billion By 2034

Carotenoids market sales initiates with an outlook of the market, followed by the scrutiny of the demand and consumption volumes and share and size of various end-use segments

The Carotenoids Industry sales study offers a comprehensive analysis on diverse features including production capacities, Carotenoids demand, product developments, sales revenue generation and Carotenoids market outlook across the globe.

market research report by Fact.MR, (Leading business and competitive intelligence provider) on global Carotenoids market (カロテノイド市場) sales initiates with an outlook of the market, followed by the scrutiny of the demand and consumption volumes and share and size of various end-use segments

With an estimated market size of US$ 1.45 billion in 2024, the global carotenoid market is projected to expand at a CAGR of 5.4% and reach a market value of US$ 2.45 billion by 2034-end. Growth prospects of the market remain optimistic, owing to shifting consumer preferences for natural ingredients, expanding carotenoid applications in a range of industries, and ongoing developments in product development and formulation techniques.

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The readability score of the Carotenoids market demand report is good as it offers chapter-wise layout with each section divided into a smaller sections.

The report encompasses graphs and tables to show the entire assembling. Pictorial demonstration of the definite and estimated values of key segments is visually appealing to readers. 

This Carotenoids market outlook report explicates on vital dynamics such as the drivers, restraints and opportunities for key players and competitive analysis of Carotenoids along with key stakeholders as well as emerging players associated with the manufacturing of product.

The Key trends Analysis of Extended Carotenoids market also provides dynamics that are responsible for influencing the future sales and demand of over the forecast period.

Key Companies Profiled

  • BASF S.E.
  • Koninklijke DSM N.V.
  • Givaudan Group
  • Reddy's Laboratories
  • Cipla
  • Sun Pharmaceutical
  • GSK
  • Roche
  • Novo Nordisk
  • Döhler Group SE
  • Sensient Technologies Co.
  • Kemin Industries, Inc.
  • Divis Laboratories Limited
  • Hansen Holding A/S
  • Cyanotech Corporation
  • ExcelVite Sdn. Bhd.
  • Lycored Limited
  • Fuji Chemical Industry Co. Ltd.
  • Novus International
  • DDW The Color House

Competitive Analysis :

Top companies in the carotenoid industry such as BASF SE, Kemin Industries, and Chr. Hansen Holding A/S reflects a blend of innovation and extensive product portfolios. The competitive landscape is dynamic, marked by a blend of established leaders, innovative newcomers, strategic collaborations, and a persistent drive for differentiation and sustainability in meeting the diverse needs of consumers across various sectors.

  • Divi's Nutraceuticals launched its revolutionary product, AstaBead, at IFT First 2023 in June 2023. This development was the outcome of a 2022 collaboration with Algalif. According to Divi, AstaBead beadlets perform exceptionally well in applications such as nutritious bars and powdered beverages.

Segmentation of Carotenoid Market Research

  • By Type :
    • Annatto
    • Astaxanthin
    • Beta-carotene
    • Canthaxanthin
    • Lutein
    • Lycopene
    • Zeaxanthin
    • Others
  • By Source :
    • Natural
    • Synthetic
  • By Application :
    • Food
    • Supplements
    • Feed
    • Pharmaceuticals
    • Cosmetics
    • Others
  • By Region :
    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

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