Global Carotenoids Market Growth 2023-2029

Global Carotenoids Market Growth 2023-2029

Carotenoids are organic pigments that are produced by plants and algae, as well as several bacteria and fungi. Carotenoids can be produced from fats and other basic organic metabolic building blocks by all these organisms. The only animals known to produce carotenoids are aphids and spider mites, which acquired the ability and genes from fungi. Carotenoids from the diet are stored in the fatty tissues of animals, and exclusively carnivorous animals obtain the compounds from animal fat.
LPI (LP Information)' newest research report, the “Carotenoids Industry Forecast” looks at past sales and reviews total world Carotenoids sales in 2022, providing a comprehensive analysis by region and market sector of projected Carotenoids sales for 2023 through 2029. With Carotenoids sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Carotenoids industry.
This Insight Report provides a comprehensive analysis of the global Carotenoids landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Carotenoids portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Carotenoids market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Carotenoids and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Carotenoids.
The global Carotenoids market size is projected to grow from US$ 1546.6 million in 2022 to US$ 2494 million in 2029; it is expected to grow at a CAGR of 2494 from 2023 to 2029.
Global major manufacturers of Carotenoids are DSM, BASF, Allied Biotech, Chenguang Biotech, FMC etc. The top two companies hold a share about 50%. The largest consumption of carotenoids areas is Europe and it occupied 40%. North America is the second largest consumption areas and occupied 28%. Asia Pacific ranked the third position and occupied 27%.
This report presents a comprehensive overview, market shares, and growth opportunities of Carotenoids market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Astaxanthin
Zeaxanthin
Fucoxanthin
Beta Cryptoxanthin
Others
Segmentation by application
Food
Feed
Pharmaceuticals and Health Care
Cosmetics
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
DSM
BASF
Allied Biotech
Chenguang Biotech
FMC
Dohler
Chr. Hansen
Carotech
DDW
Excelvite
Anhui Wisdom
Tian Yin
Kemin
Cyanotech
Fuji
Zhejiang NHU
Jingzhou Natural Astaxanthin
JX Nippon Oil& Energy
Alphy
Divi's Nutraceuticals
Lycored
Synthite
Key Questions Addressed in this Report
What is the 10-year outlook for the global Carotenoids market?
What factors are driving Carotenoids market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Carotenoids market opportunities vary by end market size?
How does Carotenoids break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.