Carotenoids Market (Type: Beta-Carotene, Astaxanthin, Zeaxanthin, Canthaxanthin, Lycopene, and Lutein; End-use: Food, Aquaculture Feed, Poultry Feed, Pet Food, Dietary Supplements, Pharmaceuticals, Cosmetics) – Global Industry Analysis, Size, Share, Growt

Carotenoids Market (Type: Beta-Carotene, Astaxanthin, Zeaxanthin, Canthaxanthin, Lycopene, and Lutein; End-use: Food, Aquaculture Feed, Poultry Feed, Pet Food, Dietary Supplements, Pharmaceuticals, Cosmetics) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2031


Carotenoids Market – Scope of Report

TMR’s report on the global carotenoids market studies the past as well as the current growth trends and opportunities to gain valuable insights of the indicators of the market during the forecast period from 2023 to 2031. The report provides revenue of the global carotenoids market for the period 2017–2031, considering 2023 as the base year and 2031 as the forecast year. The report also provides the compound annual growth rate (CAGR %) of the global carotenoids market from 2023 to 2031.

The report has been prepared after an extensive research. Primary research involved bulk of the research efforts, wherein analysts carried out interviews with key opinion leaders, industry leaders, and opinion makers. Secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the carotenoids market.

Secondary research also included Internet sources, statistical data from government agencies, websites, and trade associations. Analysts employed a combination of top-down and bottom-up approaches to study various attributes of the global carotenoids market.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Moreover, the report throws light on the changing competitive dynamics in the global carotenoids market. These serve as valuable tools for existing market players as well as for entities interested in participating in the global carotenoids market.

The report delves into the competitive landscape of the global carotenoids market. Key players operating in the global carotenoids market have been identified and each one of these has been profiled in terms of various attributes. Company overview, financial standings, recent developments, and SWOT are the attributes of players in the global carotenoids market profiled in this report.

Key Questions Answered in Global carotenoids Market Report
  • What is the sales/revenue generated by carotenoids across all regions during the forecast period?
  • What are the opportunities in the global carotenoids market?
  • What are the major drivers, restraints, opportunities, and threats in the market?
  • Which regional market is set to expand at the fastest CAGR during the forecast period?
  • Which segment is expected to generate the highest revenue globally in 2031?
  • Which segment is projected to expand at the highest CAGR during the forecast period?
  • What are the market positions of different companies operating in the global market?
Carotenoids Market – Research Objectives and Research Approach

The comprehensive report on the global carotenoids market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products.

For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller ones. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.

The report analyzes the global carotenoids market in terms of product, end-user, and region. Key segments under each criterion have been studied at length, and the market share for each of these at the end of 2031 has been provided. Such valuable insights enable market stakeholders in making informed business decisions for investment in the global carotenoids market.


1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
  3.1.1. Organic and Natural Food Ingredients Remain a Top Priority Among Consumers
  3.1.2. Increasing Incidences of Eye Diseases and Cancer to Enhance Carotenoid Consumption
  3.1.3. Others
3.2. Product Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
5. Global Carotenoids Market Demand Analysis 2018 - 2022 and Forecast, 2023–2031
5.1. Historical Market Volume (Tons) Analysis, 2018–2022
5.2. Current and Future Market Volume (Tons) Projections, 2023–2031
6. Global Carotenoids Market - Pricing Analysis
6.1. Regional Pricing Analysis
6.2. Global Average Pricing Analysis Benchmark
7. Global Carotenoids Market Demand (in Value or Size in US$ Mn) Analysis 2018 - 2022 and Forecast, 2023–2031
7.1. Historical Market Value (US$ Mn) Analysis, 2018 - 2022
7.2. Current and Future Market Value (US$ Mn) Projections, 2023–2031
  7.2.1. Y-o-Y Growth Trend Analysis
  7.2.2. Absolute $ Opportunity Analysis
8. Market Background
8.1. Macro-Economic Factors
8.2. Global Food & Beverage Industry Outlook
8.3. Global Pharmaceutical Industry Overview
8.4. Global Cosmetic & Personal Care Industry Overview
8.5. Global Dietary Supplements Outlook
8.6. Industry Value and Supply Chain Analysis
  8.6.1. Profit Margin Analysis at each point of sales
8.6.1.1. Carotenoids Processors
8.6.1.2. Distributors/Suppliers/Wholesalers
8.6.1.3. Traders/Retailers
8.6.1.4. End-Users
8.7. Market Dynamics
  8.7.1. Drivers
  8.7.2. Restraints
  8.7.3. Opportunity Analysis
8.8. Forecast Factors - Relevance & Impact
9. Global Carotenoids Market Analysis 2018 - 2022 and Forecast 2023–2031, By Source
9.1. Introduction / Key Findings
9.2. Historical Future Market Size (US$ Mn) and Volume Analysis By Source, 2018 - 2022
9.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Source, 2023–2031
  9.3.1. Fruits & Vegetables
  9.3.2. Algae & Fungi
  9.3.3. Synthetic
9.4. Market Attractiveness Analysis By Source
10. Global Carotenoids Market Analysis 2018 - 2022 and Forecast 2023–2031, By Type
10.1. Introduction / Key Findings
10.2. Historical Future Market Size (US$ Mn) and Volume Analysis By Type, 2018 - 2022
10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Type, 2023–2031
  10.3.1. Beta-Carotene
  10.3.2. Astaxanthin
  10.3.3. Lutein
  10.3.4. Canthaxanthin
  10.3.5. Lycopene
  10.3.6. Others
10.4. Market Attractiveness Analysis By Type
11. Global Carotenoids Market Analysis 2018 - 2022 and Forecast 2023–2031, By End Use
11.1. Introduction / Key Findings
11.2. Historical Future Market Size (US$ Mn) Analysis By End Use, 2018 - 2022
11.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By End Use, 2023–2031
  11.3.1. Food
  11.3.2. Aquaculture Feed
  11.3.3. Poultry Feed
  11.3.4. Pet Food
  11.3.5. Dietary Supplements
  11.3.6. Pharmaceuticals
  11.3.7. Cosmetic & Personal Care
11.4. Market Attractiveness Analysis By End Use
12. Global Carotenoids Market Analysis 2018 - 2022 and Forecast 2023–2031, By Region
12.1. Introduction
12.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2018 - 2022
12.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Region, 2023–2031
  12.3.1. North America
  12.3.2. Latin America
  12.3.3. Western Europe
  12.3.4. Eastern Europe
  12.3.5. East Asia
  12.3.6. South Asia
  12.3.7. Oceania
  12.3.8. Middle East and Africa (MEA)
12.4. Market Attractiveness Analysis By Region
13. North America Carotenoids Market Analysis 2018 - 2022 and Forecast 2023–2031
13.1. Introduction
13.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018 - 2022
13.3. Current and Future Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2023–2031
  13.3.1. By Country
13.3.1.1. U.S.
13.3.1.2. Canada
13.3.1.3. Mexico
  13.3.2. By Source
  13.3.3. By Type
  13.3.4. By End Use
13.4. Market Attractiveness Analysis
  13.4.1. By Country
  13.4.2. By Source
  13.4.3. By Type
  13.4.4. By End Use
13.5. Drivers and Restraints - Impact Analysis
14. Latin America Carotenoids Market Analysis 2018 - 2022 and Forecast 2023–2031
14.1. Introduction
14.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018 - 2022
14.3. Current and Future Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2023–2031
  14.3.1. By Country
14.3.1.1. Brazil
14.3.1.2. Argentina
14.3.1.3. Rest of Latin America
  14.3.2. By Source
  14.3.3. By Type
  14.3.4. By End Use
14.4. Market Attractiveness Analysis
  14.4.1. By Country
  14.4.2. By Type
  14.4.3. By Source
  14.4.4. By End Use
14.5. Drivers and Restraints - Impact Analysis
15. Western Europe Carotenoids Market Analysis 2018 - 2022 and Forecast 2023–2031
15.1. Introduction
15.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018 - 2022
15.3. Current and Future Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2023–2031
  15.3.1. By Country
15.3.1.1. Germany
15.3.1.2. U.K.
15.3.1.3. France
15.3.1.4. Italy
15.3.1.5. Spain
15.3.1.6. BENELUX
15.3.1.7. Nordic
15.3.1.8. Rest of Western Europe
  15.3.2. By Source
  15.3.3. By Type
  15.3.4. By End Use
15.4. Market Attractiveness Analysis
  15.4.1. By Country
  15.4.2. By Source
  15.4.3. By Type
  15.4.4. By End Use
15.5. Drivers and Restraints - Impact Analysis
16. Eastern Europe Carotenoids Market Analysis 2018 - 2022 and Forecast 2023–2031
16.1. Introduction
16.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018 - 2022
16.3. Current and Future Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2023–2031
  16.3.1. By Country
16.3.1.1. Russia
16.3.1.2. Poland
16.3.1.3. Hungary
16.3.1.4. Balkan & Baltics
16.3.1.5. Rest of Eastern Europe
  16.3.2. By Source
  16.3.3. By Type
  16.3.4. By End Use
16.4. Market Attractiveness Analysis
  16.4.1. By Country
  16.4.2. By Source
  16.4.3. By Type
  16.4.4. By End Use
16.5. Drivers and Restraints - Impact Analysis
17. South Asia Carotenoids Market Analysis 2018 - 2022 and Forecast 2023–2031
17.1. Introduction
17.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018 - 2022
17.3. Current and Future Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2023–2031
  17.3.1. By Country
17.3.1.1. India
17.3.1.2. Thailand
17.3.1.3. Indonesia
17.3.1.4. Malaysia
17.3.1.5. Rest of South Asia
  17.3.2. By Source
  17.3.3. By Type
  17.3.4. By End Use
17.4. Market Attractiveness Analysis
  17.4.1. By Country
  17.4.2. By Source
  17.4.3. By Type
  17.4.4. By End Use
17.5. Drivers and Restraints - Impact Analysis
18. East Asia Carotenoids Market Analysis 2018 - 2022 and Forecast 2023–2031
18.1. Introduction
18.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018 - 2022
18.3. Current and Future Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2023–2031
  18.3.1. By Country
18.3.1.1. China
18.3.1.2. Japan
18.3.1.3. South Korea
  18.3.2. By Source
  18.3.3. By Type
  18.3.4. By End Use
18.4. Market Attractiveness Analysis
  18.4.1. By Source
  18.4.2. By Type
  18.4.3. By End Use
18.5. Drivers and Restraints - Impact Analysis
19. Oceania Carotenoids Market Analysis 2018 - 2022 and Forecast 2023–2031
19.1. Introduction
19.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018 - 2022
19.3. Current and Future Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2023–2031
  19.3.1. By Country
19.3.1.1. Australia
19.3.1.2. New Zealand
  19.3.2. By Source
  19.3.3. By Type
  19.3.4. By End Use
19.4. Market Attractiveness Analysis
  19.4.1. By Country
  19.4.2. By Source
  19.4.3. By Type
  19.4.4. By End Use
19.5. Drivers and Restraints - Impact Analysis
20. Middle East and Africa Carotenoids Market Analysis 2018 - 2022 and Forecast 2023–2031
20.1. Introduction
20.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018 - 2022
20.3. Current and Future Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2023–2031
  20.3.1. By Country
20.3.1.1. KSA
20.3.1.2. Other GCC Countries
20.3.1.3. Turkiye
20.3.1.4. South Africa
20.3.1.5. Other Africa Union
20.3.1.6. Rest of Middle East and Africa
  20.3.2. By Source
  20.3.3. By Type
  20.3.4. By End Use
20.4. Market Attractiveness Analysis
  20.4.1. By Country
  20.4.2. By Source
  20.4.3. By Type
  20.4.4. By End Use
20.5. Drivers and Restraints - Impact Analysis
21. Country Wise Carotenoids Market Analysis, 2022
21.1. Introduction
  21.1.1. Market Value Proportion Analysis, By Key Countries
  21.1.2. Global Vs. Country Growth Comparison
21.2. U.S. Carotenoids Market Analysis
  21.2.1. By Source
  21.2.2. By Type
  21.2.3. By End Use
21.3. Canada Carotenoids Market Analysis
  21.3.1. By Source
  21.3.2. By Type
  21.3.3. By End Use
21.4. Brazil Carotenoids Market Analysis
  21.4.1. By Source
  21.4.2. By Type
  21.4.3. By End Use
21.5. Mexico Carotenoids Market Analysis
  21.5.1. By Source
  21.5.2. By Type
  21.5.3. By End Use
21.6. Argentina Carotenoids Market Analysis
  21.6.1. By Source
  21.6.2. By Type
  21.6.3. By End Use
21.7. Germany Carotenoids Market Analysis
  21.7.1. By Source
  21.7.2. By Type
  21.7.3. By End Use
21.8. Italy Carotenoids Market Analysis
  21.8.1. By Source
  21.8.2. By Type
  21.8.3. By End Use
21.9. France Carotenoids Market Analysis
  21.9.1. By Source
  21.9.2. By Type
  21.9.3. By End Use
21.10. U.K. Carotenoids Market Analysis
  21.10.1. By Source
  21.10.2. By Type
  21.10.3. By End Use
21.11. Spain Carotenoids Market Analysis
  21.11.1. By Source
  21.11.2. By Type
  21.11.3. By End Use
21.12. Russia Carotenoids Market Analysis
  21.12.1. By Source
  21.12.2. By Type
  21.12.3. By End Use
21.13. Poland Carotenoids Market Analysis
  21.13.1. By Source
  21.13.2. By Type
  21.13.3. By End Use
21.14. Hungary Carotenoids Market Analysis
  21.14.1. By Source
  21.14.2. By Type
  21.14.3. By End Use
21.15. Balkan & Baltics Carotenoids Market Analysis
  21.15.1. By Source
  21.15.2. By Type
  21.15.3. By End Use
21.16. China Carotenoids Market Analysis
  21.16.1. By Source
  21.16.2. By Type
  21.16.3. By End Use
21.17. Japan Carotenoids Market Analysis
  21.17.1. By Source
  21.17.2. By Type
  21.17.3. By End Use
21.18. South Korea Carotenoids Market Analysis
  21.18.1. By Source
  21.18.2. By Type
  21.18.3. By End Use
21.19. India Carotenoids Market Analysis
  21.19.1. By Source
  21.19.2. By Type
  21.19.3. By End Use
21.20. Thailand Carotenoids Market Analysis
  21.20.1. By Source
  21.20.2. By Type
  21.20.3. By End Use
21.21. Indonesia Carotenoids Market Analysis
  21.21.1. By Source
  21.21.2. By Type
  21.21.3. By End Use
21.22. Malaysia Carotenoids Market Analysis
  21.22.1. By Source
  21.22.2. By Type
  21.22.3. By End Use
21.23. Australia Carotenoids Market Analysis
  21.23.1. By Source
  21.23.2. By Type
  21.23.3. By End Use
21.24. New Zealand Carotenoids Market Analysis
  21.24.1. By Source
  21.24.2. By Type
  21.24.3. By End Use
21.25. KSA Carotenoids Market Analysis
  21.25.1. By Source
  21.25.2. By Type
  21.25.3. By End Use
21.26. Turkiye Carotenoids Market Analysis
  21.26.1. By Source
  21.26.2. By Type
  21.26.3. By End Use
21.27. South Africa Carotenoids Market Analysis
  21.27.1. By Source
  21.27.2. By Type
  21.27.3. By End Use
22. Market Structure Analysis
22.1. Market Analysis By Tier of Companies
22.2. Market Concentration
22.3. Market Presence Analysis
23. Competition Analysis
23.1. Competition Dashboard
23.2. Competition Deep Dive
  23.2.1. BASF SE
23.2.1.1. Overview
23.2.1.2. Product Portfolio
23.2.1.3. Sales Footprint
23.2.1.4. Key Developments/Key Takeaways
23.2.1.5. Strategy Overview
  23.2.2. Koninklijke DSM
23.2.2.1. Overview
23.2.2.2. Product Portfolio
23.2.2.3. Sales Footprint
23.2.2.4. Key Developments/Key Takeaways
23.2.2.5. Strategy Overview
  23.2.3. Kemin Industries
23.2.3.1. Overview
23.2.3.2. Product Portfolio
23.2.3.3. Sales Footprint
23.2.3.4. Key Developments/Key Takeaways
23.2.3.5. Strategy Overview
  23.2.4. Cynotech Corporation
23.2.4.1. Overview
23.2.4.2. Product Portfolio
23.2.4.3. Sales Footprint
23.2.4.4. Key Developments/Key Takeaways
23.2.4.5. Strategy Overview
  23.2.5. Naturex S.A.
23.2.5.1. Overview
23.2.5.2. Product Portfolio
23.2.5.3. Sales Footprint
23.2.5.4. Key Developments/Key Takeaways
23.2.5.5. Strategy Overview
  23.2.6. Chr. Hansen Holdings A/S
23.2.6.1. Overview
23.2.6.2. Product Portfolio
23.2.6.3. Sales Footprint
23.2.6.4. Key Developments/Key Takeaways
23.2.6.5. Strategy Overview
  23.2.7. FMC Corporation
23.2.7.1. Overview
23.2.7.2. Product Portfolio
23.2.7.3. Sales Footprint
23.2.7.4. Key Developments/Key Takeaways
23.2.7.5. Strategy Overview
  23.2.8. D.D. Williamson & Co., Inc.
23.2.8.1. Overview
23.2.8.2. Product Portfolio
23.2.8.3. Sales Footprint
23.2.8.4. Key Developments/Key Takeaways
23.2.8.5. Strategy Overview
  23.2.9. CP Kelco
23.2.9.1. Overview
23.2.9.2. Product Portfolio
23.2.9.3. Sales Footprint
23.2.9.4. Key Developments/Key Takeaways
23.2.9.5. Strategy Overview
  23.2.10. Brenntag GmbH
23.2.10.1. Overview
23.2.10.2. Product Portfolio
23.2.10.3. Sales Footprint
23.2.10.4. Key Developments/Key Takeaways
23.2.10.5. Strategy Overview
  23.2.11. Others (on additional request)
23.2.11.1. Overview
23.2.11.2. Product Portfolio
23.2.11.3. Sales Footprint
23.2.11.4. Key Developments/Key Takeaways
23.2.11.5. Strategy Overview
24. Assumptions and Acronyms Used
25. Research Methodology

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings