What is the current Carotenoid Market size?

The Carotenoid Market is projected to register a CAGR of 4.64% during the forecast period (2024-2029) Read More

Who are the key players in Carotenoid Market?

Koninklijke DSM NV, Givaudan SA, Döhler Group SE, Sensient technologies Co. and BASF SE are the major companies operating in the Carotenoid Market. Read More

Which is the fastest growing region in Carotenoid Market?

Asia is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Carotenoid Market?

In 2024, the Europe accounts for the largest market share in Carotenoid Market. Read More

What years does this Carotenoid Market cover?

The report covers the Carotenoid Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Carotenoid Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Carotenoids Market - Size & Share

Carotenoids Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Global Carotenoids Market Report is Segmented by Type (Annatto, Astaxanthin, Beta-Carotene, Canthaxanthin, Lutein, Lycopene, Zeaxanthin, and Other Types), Source (Natural and Synthetic), Application (Animal Feed, Food and Beverages, Dietary Supplements, Cosmetics, and Pharmaceuticals), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The Report Offers Market Size and Values in (USD) During the Forecast Period for the Above Segments.

Carotenoid Industry Overview

The beta-carotene market is concentrated, with the major players occupying the largest share of the market. Some key players in the market are BASF, Koninklijke DSM NV, Givaudan SA, Döhler Group SE, and Sensient Technologies Co. The major players in the market are indulging in strategies like product launches, mergers and acquisitions, and expansions to establish a solid consumer base. In addition, companies are increasing their investments in research and development (R&D) and are expanding their distribution channels to maintain their position in the market. Moreover, companies are launching campaigns to increase consumer awareness. For instance, in December 2023, the ingredient supplier OmniActive launched the "Lutein for Every Age" initiative. This campaign aims to raise awareness about the importance of lutein and zeaxanthin intake to help support eye, cognitive, and general health.