Global Natural Carotenoids Market Growth 2023-2029

Global Natural Carotenoids Market Growth 2023-2029

This report focuses on Natural Carotenoids. Carotenoids, also called tetraterpenoids, are organic pigments that are produced by plants and algae, as well as several bacteria and fungi. Carotenoids give the characteristic color to carrots, corn, canaries, and daffodils, as well as egg yolks, rutabagas, buttercups, and bananas. Carotenoids can be produced from fats and other basic organic metabolic building blocks by all these organisms. Carotenoids from the diet are stored in the fatty tissues of animals, and exclusively carnivorous animals obtain the compounds from animal fat. There are over 600 known carotenoids, mainly included Beta -carotene, Lutein, lycopene, astaxanthin, canthaxanthin, lutein, carmine, capsaicin, fucoidin, etc.

LPI (LP Information)' newest research report, the “Natural Carotenoids Industry Forecast” looks at past sales and reviews total world Natural Carotenoids sales in 2022, providing a comprehensive analysis by region and market sector of projected Natural Carotenoids sales for 2023 through 2029. With Natural Carotenoids sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Natural Carotenoids industry.

This Insight Report provides a comprehensive analysis of the global Natural 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 Natural Carotenoids portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Natural Carotenoids market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Natural 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 Natural Carotenoids.

The global Natural Carotenoids market size is projected to grow from US$ 815.9 million in 2022 to US$ 1047.2 million in 2029; it is expected to grow at a CAGR of 1047.2 from 2023 to 2029.

North America is the largest market with about 35% market share. Europe is follower, accounting for about 30% market share.

The key players are DSM, Chenguang Biotech, FMC, Kemin, Oryza Oil & Fat Chemical, PoliNat, Amicogen, Nutraceuticals, Yigeda Bio-Technology, Dohler, Cyanotech, Fuji, Carotech, DDW, Excelvite, AnHui Wisdom, Tian Yin etc. Top 3 companies occupied about 47% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Natural Carotenoids market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Astaxanthin
Beta-Carotene
Fucoxanthin
Lutein
Canthaxanthin
Lycopene
Others

Segmentation by application
Food
Feed
Pharmaceuticals
Cosmetics
Others

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
Chenguang Biotech
FMC
Kemin
Oryza Oil & Fat Chemical
PoliNat
Amicogen
Nutraceuticals
Yigeda Bio-Technology
Dohler
Cyanotech
Fuji
Carotech
DDW
Excelvite
AnHui Wisdom
Tian Yin

Key Questions Addressed in this Report

What is the 10-year outlook for the global Natural Carotenoids market?

What factors are driving Natural Carotenoids market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Natural Carotenoids market opportunities vary by end market size?

How does Natural 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.