Summary

Carotenoid Market Trends and Forecast
The future of the global carotenoid market looks promising with opportunities in the food, supplement, feed, pharmaceutical, and cosmetic markets. The global carotenoid market is expected to grow with a CAGR of 5.4% from 2025 to 2031. The major drivers for this market are the increasing demand for natural food colorants, the rising use in dietary supplements, and the growing awareness of eye health benefits.

• Lucintel forecasts that, within the type category, beta-carotene is expected to witness the highest growth over the forecast period.
• Within the application category, supplement is expected to witness the highest growth.
• In terms of region, APAC is expected to witness the highest growth over the forecast period.
Gain valuable insights for your business decisions with our comprehensive 150+ page report. Sample figures with some insights are shown below.

Emerging Trends in the Carotenoid Market
Emerging trends in the carotenoid market are transforming how these vibrant compounds are sourced, processed, and utilized, reflecting a global pivot towards natural, sustainable, and health-centric solutions. These trends are driven by consumer demand for transparency, advancements in biotechnology, and a deeper understanding of carotenoids' multifaceted benefits.
• Microalgae as a Sustainable Source: The cultivation of microalgae is gaining prominence as a sustainable and efficient source of natural carotenoids. This method offers higher yields, controlled production environments, and reduces reliance on traditional plant-based sources, promoting eco-friendly manufacturing.
• Increased Focus on Bioavailability: There's a growing trend to improve the bioavailability of carotenoids in formulations, recognizing that their health benefits are directly tied to absorption. Innovations include advanced encapsulation technologies, micronization, and oil-based formulations to enhance the body's ability to absorb and utilize these fat-soluble compounds effectively.
• Personalized Nutrition and Custom Blends: The rise of personalized nutrition is influencing the carotenoid market, with a trend towards customized blends of specific carotenoids tailored to individual health needs. This allows for targeted solutions for eye health, skin protection, or cognitive support, moving beyond generic supplementation to more precise nutritional interventions.
• Clean Label and Transparency Demands: Consumers are increasingly scrutinizing product labels, driving a strong demand for clean-label carotenoid products with transparent sourcing and minimal processing. This trend pushes manufacturers towards natural extraction methods and away from synthetic alternatives, emphasizing purity and traceability.
• Integration into Functional Beverages: Beyond traditional supplements and food colorants, carotenoids are being increasingly incorporated into functional beverages like juices, smoothies, and sports drinks. This trend leverages their antioxidant properties and natural coloring abilities, offering consumers convenient and appealing ways to consume these beneficial compounds.
These trends are profoundly reshaping the carotenoid market by driving innovation towards sustainable production, enhanced efficacy, and tailored applications. They are fostering a shift from bulk commodities to high-value, specialized ingredients that meet the evolving demands of health-conscious consumers and align with broader sustainability goals across industries.

Recent Developments in the Carotenoid Market
Recent developments in the carotenoid market are largely characterized by a significant shift towards natural sourcing, advancements in extraction and formulation technologies, and a broadening of applications beyond traditional uses. These developments are enhancing the accessibility, stability, and efficacy of carotenoids across various industries.
• Advancements in Natural Extraction: New and improved methods for extracting carotenoids from natural sources like algae, fruits, and vegetables are emerging. Techniques such as supercritical fluid extraction and enzymatic extraction are improving purity, yield, and sustainability, meeting the rising demand for natural ingredients over synthetic ones.
• Development of Stable Formulations: Carotenoids are prone to degradation from light, heat, and oxygen. Recent developments include the creation of more stable formulations, such as beadlets, microencapsulated powders, and oil suspensions, which improve shelf life and maintain efficacy when incorporated into diverse food, supplement, and cosmetic products.
• Increased Use of Astaxanthin: Astaxanthin, known for its powerful antioxidant properties, has seen a surge in research and application. Recent developments focus on its benefits for eye health, skin protection, and athletic performance, leading to its wider inclusion in high-value dietary supplements and functional foods.
• Focus on Lutein and Zeaxanthin for Eye Health: With an aging global population and increased screen time, research has intensified on lutein and zeaxanthin for combating age-related macular degeneration (AMD) and blue light protection. New formulations and delivery methods are making these carotenoids more accessible for eye health supplements.
• Expansion into Pet and Aquaculture Feed: Beyond traditional animal feed, there's a growing trend of incorporating specific carotenoids into pet food for color enhancement and health benefits, and into aquaculture feeds to impart desirable pigmentation (e.g., salmon, shrimp). This expansion reflects a broader understanding of carotenoid benefits.
These developments are significantly impacting the carotenoid market by offering more effective, stable, and naturally sourced products. They are expanding the range of applications and improving the overall value proposition of carotenoids, driving growth across the health, food, and animal nutrition sectors.

Strategic Growth Opportunities in the Carotenoid Market
Strategic growth opportunities in the carotenoid market are expanding across key applications, driven by increasing consumer health consciousness, regulatory shifts favoring natural ingredients, and technological advancements. Identifying and leveraging these application-specific opportunities allows companies to innovate and capture new market segments.
• Dietary Supplements and Nutraceuticals: The growing consumer demand for preventative healthcare and natural health supplements creates a significant opportunity. Focusing on carotenoids like astaxanthin, lutein, and zeaxanthin for eye health, antioxidant support, and anti-aging applications, supported by strong scientific evidence, can drive substantial market growth.
• Functional Foods and Beverages: Incorporating natural carotenoids as both colorants and health-boosting ingredients in functional foods (e.g., fortified yogurts, cereals) and beverages (e.g., fruit juices, health drinks) represents a major opportunity. This caters to the "food as medicine" trend and clean-label consumer preferences.
• Animal Feed: The demand for natural pigmentation in aquaculture (salmon, shrimp) and poultry (egg yolks, broiler skin) offers a consistent growth opportunity. Developing cost-effective, bioavailable carotenoid solutions for animal nutrition can meet industry demands for product quality and visual appeal.
• Cosmetics and Personal Care: Carotenoids, with their antioxidant and UV-protective properties, are increasingly attractive for skincare and anti-aging formulations. Opportunities exist in developing novel carotenoid ingredients for creams, serums, and sunscreens, appealing to consumers seeking natural and effective beauty solutions.
• Pharmaceuticals and Medical Foods: While smaller, this segment holds high-value opportunities for carotenoids in specialized medical foods for specific health conditions (e.g., diabetic retinopathy) and as potential therapeutic agents. Research into their anti-inflammatory and anti-cancer properties could unlock future pharmaceutical applications.
These growth opportunities are significantly impacting the carotenoid market by driving diversification and specialization of products. They are encouraging manufacturers to invest in research and development to create tailored solutions for specific industries, thereby expanding the market's reach and solidifying carotenoids' role as essential bio-active compounds.

Carotenoid Market Driver and Challenges
The carotenoid market faces a dynamic interplay of major drivers propelling its expansion and significant challenges that necessitate continuous innovation and strategic adaptation. These factors span technological, economic, and regulatory dimensions, shaping the market's growth trajectory and competitive landscape.
The factors responsible for driving the carotenoid market include:
1. Growing Health Awareness: Increasing consumer knowledge about the antioxidant, anti-inflammatory, and specific health benefits of carotenoids (e.g., for eye, skin, and immune health) is a primary driver. This awareness fuels demand for carotenoid-rich foods, supplements, and functional products.
2. Demand for Natural Ingredients: A strong global preference for natural colorants and nutritional additives over synthetic alternatives drives the market. Industries like food and beverage, and cosmetics are increasingly substituting artificial ingredients with natural carotenoids to meet consumer clean-label demands.
3. Aging Global Population: The rise in age-related health issues, particularly vision problems like age-related macular degeneration (AMD), significantly boosts the demand for specific carotenoids such as lutein and zeaxanthin, which are vital for eye health and protection.
4. Expansion of Animal Feed Industry: Carotenoids are essential for pigmentation in aquaculture (salmon, trout) and poultry (egg yolks, broiler skin), as well as contributing to animal health. The growth of the global animal feed industry, particularly aquaculture, directly fuels demand for carotenoids.
5. Advancements in Extraction Technology: Continuous innovation in sustainable and efficient extraction methods from natural sources (e.g., microalgae, botanical extracts) is making natural carotenoids more accessible and cost-effective, further driving their adoption across various applications.

Challenges in the carotenoid market are:
1. High Production Cost of Natural Carotenoids: Natural carotenoids, especially those derived from microalgae, often have higher production costs compared to their synthetic counterparts. This price disparity can limit their widespread adoption in price-sensitive applications, creating a competitive disadvantage.
2. Stability and Bioavailability Issues: Carotenoids are highly susceptible to degradation from light, heat, and oxidation, impacting their stability during processing, storage, and digestion. Ensuring high bioavailability and stability in various product formulations remains a significant technical challenge for manufacturers.
3. Regulatory Hurdles and Varied Standards: The diverse and sometimes inconsistent regulatory frameworks for carotenoids across different regions, particularly concerning novel sources and health claims, can pose a challenge. Navigating these complex regulations adds to development costs and market entry barriers.
These drivers and challenges on the carotenoid market is a strong impetus towards innovation in natural sourcing and formulation technologies. While robust consumer demand for health and naturalness provides significant growth opportunities, addressing cost barriers, enhancing product stability, and navigating complex regulations are crucial for sustained market expansion and broad adoption.

List of Carotenoid Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies carotenoid companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the carotenoid companies profiled in this report include-
• BASF
• Koninklijke DSM
• Givaudan Group
• Dr. Reddy's Laboratories
• Cipla
• Sun Pharmaceutical
• GSK
• Roche
• Novo Nordisk
• Döhler Group

Carotenoid Market by Segment
The study includes a forecast for the global carotenoid market by type, source, application, and region.
Carotenoid Market by Type [Value from 2019 to 2031]:
• Annatto
• Astaxanthin
• Beta-Carotene
• Canthaxanthin
• Lutein
• Lycopene
• Zeaxanthin
• Others

Carotenoid Market by Source [Value from 2019 to 2031]:
• Natural
• Synthetic

Carotenoid Market by Region [Value from 2019 to 2031]:
• North America
• Europe
• Asia Pacific
• The Rest of the World

Country Wise Outlook for the Carotenoid Market
The carotenoid market is experiencing robust growth, driven by increasing consumer awareness of their diverse health benefits, particularly in eye health, antioxidant properties, and natural coloration. This expansion is further fueled by a rising preference for natural ingredients over synthetic alternatives across various industries, including food and beverage, dietary supplements, animal feed, and cosmetics, leading to significant innovation in extraction and application.
• United States: The U.S. market is seeing a strong preference for natural and clean-label carotenoids, driven by health-conscious consumers. Developments focus on high-potency astaxanthin and lutein for dietary supplements, eye health formulations, and functional foods. Regulatory support for natural ingredients is also boosting innovative extraction methods for enhanced formulations.
• China: China, a significant consumer, is witnessing increased demand for both synthetic and natural carotenoids, especially in the rapidly expanding animal feed and food industries. There's a growing awareness of health benefits, leading to higher adoption in dietary supplements and a gradual shift towards natural colorants and fortifiers.
• Germany: Germany carotenoid market emphasizes high-quality, traceable natural sources, aligning with stringent European regulations on food additives and growing consumer demand for transparency. Developments include advanced extraction technologies for beta-carotene and other natural carotenoids for use in functional foods, beverages, and premium supplements.
• India: India carotenoid market is rapidly expanding, driven by increasing health awareness and rising disposable incomes. There's a growing demand for natural carotenoids in dietary supplements and food fortification, with a focus on affordable and accessible solutions. Research into indigenous plant sources for carotenoid extraction is also gaining traction.
• Japan: Japan carotenoid market prioritizes high-purity, bioavailable natural carotenoids, particularly for its aging population. Developments focus on lutein and zeaxanthin for eye health, and astaxanthin for anti-aging and antioxidant supplements. The market also sees innovation in microalgae cultivation for sustainable natural carotenoid production.

Features of the Global Carotenoid Market
Market Size Estimates: Carotenoid market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2019 to 2024) and forecast (2025 to 2031) by various segments and regions.
Segmentation Analysis: Carotenoid market size by type, source, application, and region in terms of value ($B).
Regional Analysis: Carotenoid market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, source, applications, and regions for the carotenoid market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the carotenoid market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.


This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the carotenoid market by type (annatto, astaxanthin, beta-carotene, canthaxanthin, lutein, lycopene, zeaxanthin, and others), source (natural and synthetic), application (food, supplements, feed, pharmaceuticals, cosmetics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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Table of Contents

Table of Contents

1. Executive Summary

2. Market Overview
2.1 Background and Classifications
2.2 Supply Chain

3. Market Trends & Forecast Analysis
3.1 Global Carotenoid Market Trends and Forecast
3.2 Industry Drivers and Challenges
3.3 PESTLE Analysis
3.4 Patent Analysis
3.5 Regulatory Environment

4. Global Carotenoid Market by Type
4.1 Overview
4.2 Attractiveness Analysis by Type
4.3 Annatto: Trends and Forecast (2019-2031)
4.4 Astaxanthin: Trends and Forecast (2019-2031)
4.5 Beta-Carotene: Trends and Forecast (2019-2031)
4.6 Canthaxanthin: Trends and Forecast (2019-2031)
4.7 Lutein: Trends and Forecast (2019-2031)
4.8 Lycopene: Trends and Forecast (2019-2031)
4.9 Zeaxanthin: Trends and Forecast (2019-2031)
4.10 Others: Trends and Forecast (2019-2031)

5. Global Carotenoid Market by Source
5.1 Overview
5.2 Attractiveness Analysis by Source
5.3 Natural: Trends and Forecast (2019-2031)
5.4 Synthetic: Trends and Forecast (2019-2031)

6. Global Carotenoid Market by Application
6.1 Overview
6.2 Attractiveness Analysis by Application
6.3 Food: Trends and Forecast (2019-2031)
6.4 Supplements: Trends and Forecast (2019-2031)
6.5 Feed: Trends and Forecast (2019-2031)
6.6 Pharmaceuticals: Trends and Forecast (2019-2031)
6.7 Cosmetics: Trends and Forecast (2019-2031)
6.8 Others: Trends and Forecast (2019-2031)

7. Regional Analysis
7.1 Overview
7.2 Global Carotenoid Market by Region

8. North American Carotenoid Market
8.1 Overview
8.2 North American Carotenoid Market by Type
8.3 North American Carotenoid Market by Application
8.4 United States Carotenoid Market
8.5 Mexican Carotenoid Market
8.6 Canadian Carotenoid Market

9. European Carotenoid Market
9.1 Overview
9.2 European Carotenoid Market by Type
9.3 European Carotenoid Market by Application
9.4 German Carotenoid Market
9.5 French Carotenoid Market
9.6 Spanish Carotenoid Market
9.7 Italian Carotenoid Market
9.8 United Kingdom Carotenoid Market

10. APAC Carotenoid Market
10.1 Overview
10.2 APAC Carotenoid Market by Type
10.3 APAC Carotenoid Market by Application
10.4 Japanese Carotenoid Market
10.5 Indian Carotenoid Market
10.6 Chinese Carotenoid Market
10.7 South Korean Carotenoid Market
10.8 Indonesian Carotenoid Market

11. ROW Carotenoid Market
11.1 Overview
11.2 ROW Carotenoid Market by Type
11.3 ROW Carotenoid Market by Application
11.4 Middle Eastern Carotenoid Market
11.5 South American Carotenoid Market
11.6 African Carotenoid Market

12. Competitor Analysis
12.1 Product Portfolio Analysis
12.2 Operational Integration
12.3 Porter’s Five Forces Analysis
• Competitive Rivalry
• Bargaining Power of Buyers
• Bargaining Power of Suppliers
• Threat of Substitutes
• Threat of New Entrants
12.4 Market Share Analysis

13. Opportunities & Strategic Analysis
13.1 Value Chain Analysis
13.2 Growth Opportunity Analysis
13.2.1 Growth Opportunities by Type
13.2.2 Growth Opportunities by Source
13.2.3 Growth Opportunities by Application
13.3 Emerging Trends in the Global Carotenoid Market
13.4 Strategic Analysis
13.4.1 New Product Development
13.4.2 Certification and Licensing
13.4.3 Mergers, Acquisitions, Agreements, Collaborations, and Joint Ventures

14. Company Profiles of the Leading Players Across the Value Chain
14.1 Competitive Analysis
14.2 BASF
• Company Overview
• Carotenoid Business Overview
• New Product Development
• Merger, Acquisition, and Collaboration
• Certification and Licensing
14.3 Koninklijke DSM
• Company Overview
• Carotenoid Business Overview
• New Product Development
• Merger, Acquisition, and Collaboration
• Certification and Licensing
14.4 Givaudan Group
• Company Overview
• Carotenoid Business Overview
• New Product Development
• Merger, Acquisition, and Collaboration
• Certification and Licensing
14.5 Dr. Reddy's Laboratories
• Company Overview
• Carotenoid Business Overview
• New Product Development
• Merger, Acquisition, and Collaboration
• Certification and Licensing
14.6 Cipla
• Company Overview
• Carotenoid Business Overview
• New Product Development
• Merger, Acquisition, and Collaboration
• Certification and Licensing
14.7 Sun Pharmaceutical
• Company Overview
• Carotenoid Business Overview
• New Product Development
• Merger, Acquisition, and Collaboration
• Certification and Licensing
14.8 GSK
• Company Overview
• Carotenoid Business Overview
• New Product Development
• Merger, Acquisition, and Collaboration
• Certification and Licensing
14.9 Roche
• Company Overview
• Carotenoid Business Overview
• New Product Development
• Merger, Acquisition, and Collaboration
• Certification and Licensing
14.10 Novo Nordisk
• Company Overview
• Carotenoid Business Overview
• New Product Development
• Merger, Acquisition, and Collaboration
• Certification and Licensing
14.11 Döhler Group
• Company Overview
• Carotenoid Business Overview
• New Product Development
• Merger, Acquisition, and Collaboration
• Certification and Licensing

15. Appendix
15.1 List of Figures
15.2 List of Tables
15.3 Research Methodology
15.4 Disclaimer
15.5 Copyright
15.6 Abbreviations and Technical Units
15.7 About Us
15.8 Contact Us

List of Figures

Chapter 1
Figure 1.1: Trends and Forecast for the Global Carotenoid Market
Chapter 2
Figure 2.1: Usage of Carotenoid Market
Figure 2.2: Classification of the Global Carotenoid Market
Figure 2.3: Supply Chain of the Global Carotenoid Market
Chapter 3
Figure 3.1: Driver and Challenges of the Carotenoid Market
Figure 3.2: PESTLE Analysis
Figure 3.3: Patent Analysis
Figure 3.4: Regulatory Environment
Chapter 4
Figure 4.1: Global Carotenoid Market by Type in 2019, 2024, and 2031
Figure 4.2: Trends of the Global Carotenoid Market ($B) by Type
Figure 4.3: Forecast for the Global Carotenoid Market ($B) by Type
Figure 4.4: Trends and Forecast for Annatto in the Global Carotenoid Market (2019-2031)
Figure 4.5: Trends and Forecast for Astaxanthin in the Global Carotenoid Market (2019-2031)
Figure 4.6: Trends and Forecast for Beta-Carotene in the Global Carotenoid Market (2019-2031)
Figure 4.7: Trends and Forecast for Canthaxanthin in the Global Carotenoid Market (2019-2031)
Figure 4.8: Trends and Forecast for Lutein in the Global Carotenoid Market (2019-2031)
Figure 4.9: Trends and Forecast for Lycopene in the Global Carotenoid Market (2019-2031)
Figure 4.10: Trends and Forecast for Zeaxanthin in the Global Carotenoid Market (2019-2031)
Figure 4.11: Trends and Forecast for Others in the Global Carotenoid Market (2019-2031)
Chapter 5
Figure 5.1: Global Carotenoid Market by Source in 2019, 2024, and 2031
Figure 5.2: Trends of the Global Carotenoid Market ($B) by Source
Figure 5.3: Forecast for the Global Carotenoid Market ($B) by Source
Figure 5.4: Trends and Forecast for Natural in the Global Carotenoid Market (2019-2031)
Figure 5.5: Trends and Forecast for Synthetic in the Global Carotenoid Market (2019-2031)
Chapter 6
Figure 6.1: Global Carotenoid Market by Application in 2019, 2024, and 2031
Figure 6.2: Trends of the Global Carotenoid Market ($B) by Application
Figure 6.3: Forecast for the Global Carotenoid Market ($B) by Application
Figure 6.4: Trends and Forecast for Food in the Global Carotenoid Market (2019-2031)
Figure 6.5: Trends and Forecast for Supplements in the Global Carotenoid Market (2019-2031)
Figure 6.6: Trends and Forecast for Feed in the Global Carotenoid Market (2019-2031)
Figure 6.7: Trends and Forecast for Pharmaceuticals in the Global Carotenoid Market (2019-2031)
Figure 6.8: Trends and Forecast for Cosmetics in the Global Carotenoid Market (2019-2031)
Figure 6.9: Trends and Forecast for Others in the Global Carotenoid Market (2019-2031)
Chapter 7
Figure 7.1: Trends of the Global Carotenoid Market ($B) by Region (2019-2024)
Figure 7.2: Forecast for the Global Carotenoid Market ($B) by Region (2025-2031)
Chapter 8
Figure 8.1: North American Carotenoid Market by Type in 2019, 2024, and 2031
Figure 8.2: Trends of the North American Carotenoid Market ($B) by Type (2019-2024)
Figure 8.3: Forecast for the North American Carotenoid Market ($B) by Type (2025-2031)
Figure 8.4: North American Carotenoid Market by Application in 2019, 2024, and 2031
Figure 8.5: Trends of the North American Carotenoid Market ($B) by Application (2019-2024)
Figure 8.6: Forecast for the North American Carotenoid Market ($B) by Application (2025-2031)
Figure 8.7: Trends and Forecast for the United States Carotenoid Market ($B) (2019-2031)
Figure 8.8: Trends and Forecast for the Mexican Carotenoid Market ($B) (2019-2031)
Figure 8.9: Trends and Forecast for the Canadian Carotenoid Market ($B) (2019-2031)
Chapter 9
Figure 9.1: European Carotenoid Market by Type in 2019, 2024, and 2031
Figure 9.2: Trends of the European Carotenoid Market ($B) by Type (2019-2024)
Figure 9.3: Forecast for the European Carotenoid Market ($B) by Type (2025-2031)
Figure 9.4: European Carotenoid Market by Application in 2019, 2024, and 2031
Figure 9.5: Trends of the European Carotenoid Market ($B) by Application (2019-2024)
Figure 9.6: Forecast for the European Carotenoid Market ($B) by Application (2025-2031)
Figure 9.7: Trends and Forecast for the German Carotenoid Market ($B) (2019-2031)
Figure 9.8: Trends and Forecast for the French Carotenoid Market ($B) (2019-2031)
Figure 9.9: Trends and Forecast for the Spanish Carotenoid Market ($B) (2019-2031)
Figure 9.10: Trends and Forecast for the Italian Carotenoid Market ($B) (2019-2031)
Figure 9.11: Trends and Forecast for the United Kingdom Carotenoid Market ($B) (2019-2031)
Chapter 10
Figure 10.1: APAC Carotenoid Market by Type in 2019, 2024, and 2031
Figure 10.2: Trends of the APAC Carotenoid Market ($B) by Type (2019-2024)
Figure 10.3: Forecast for the APAC Carotenoid Market ($B) by Type (2025-2031)
Figure 10.4: APAC Carotenoid Market by Application in 2019, 2024, and 2031
Figure 10.5: Trends of the APAC Carotenoid Market ($B) by Application (2019-2024)
Figure 10.6: Forecast for the APAC Carotenoid Market ($B) by Application (2025-2031)
Figure 10.7: Trends and Forecast for the Japanese Carotenoid Market ($B) (2019-2031)
Figure 10.8: Trends and Forecast for the Indian Carotenoid Market ($B) (2019-2031)
Figure 10.9: Trends and Forecast for the Chinese Carotenoid Market ($B) (2019-2031)
Figure 10.10: Trends and Forecast for the South Korean Carotenoid Market ($B) (2019-2031)
Figure 10.11: Trends and Forecast for the Indonesian Carotenoid Market ($B) (2019-2031)
Chapter 11
Figure 11.1: ROW Carotenoid Market by Type in 2019, 2024, and 2031
Figure 11.2: Trends of the ROW Carotenoid Market ($B) by Type (2019-2024)
Figure 11.3: Forecast for the ROW Carotenoid Market ($B) by Type (2025-2031)
Figure 11.4: ROW Carotenoid Market by Application in 2019, 2024, and 2031
Figure 11.5: Trends of the ROW Carotenoid Market ($B) by Application (2019-2024)
Figure 11.6: Forecast for the ROW Carotenoid Market ($B) by Application (2025-2031)
Figure 11.7: Trends and Forecast for the Middle Eastern Carotenoid Market ($B) (2019-2031)
Figure 11.8: Trends and Forecast for the South American Carotenoid Market ($B) (2019-2031)
Figure 11.9: Trends and Forecast for the African Carotenoid Market ($B) (2019-2031)
Chapter 12
Figure 12.1: Porter’s Five Forces Analysis of the Global Carotenoid Market
Figure 12.2: Market Share (%) of Top Players in the Global Carotenoid Market (2024)
Chapter 13
Figure 13.1: Growth Opportunities for the Global Carotenoid Market by Type
Figure 13.2: Growth Opportunities for the Global Carotenoid Market by Source
Figure 13.3: Growth Opportunities for the Global Carotenoid Market by Application
Figure 13.4: Growth Opportunities for the Global Carotenoid Market by Region
Figure 13.5: Emerging Trends in the Global Carotenoid Market

List of Tables

Chapter 1
Table 1.1: Growth Rate (%, 2023-2024) and CAGR (%, 2025-2031) of the Carotenoid Market by Type, Source, and Application
Table 1.2: Attractiveness Analysis for the Carotenoid Market by Region
Table 1.3: Global Carotenoid Market Parameters and Attributes
Chapter 3
Table 3.1: Trends of the Global Carotenoid Market (2019-2024)
Table 3.2: Forecast for the Global Carotenoid Market (2025-2031)
Chapter 4
Table 4.1: Attractiveness Analysis for the Global Carotenoid Market by Type
Table 4.2: Market Size and CAGR of Various Type in the Global Carotenoid Market (2019-2024)
Table 4.3: Market Size and CAGR of Various Type in the Global Carotenoid Market (2025-2031)
Table 4.4: Trends of Annatto in the Global Carotenoid Market (2019-2024)
Table 4.5: Forecast for Annatto in the Global Carotenoid Market (2025-2031)
Table 4.6: Trends of Astaxanthin in the Global Carotenoid Market (2019-2024)
Table 4.7: Forecast for Astaxanthin in the Global Carotenoid Market (2025-2031)
Table 4.8: Trends of Beta-Carotene in the Global Carotenoid Market (2019-2024)
Table 4.9: Forecast for Beta-Carotene in the Global Carotenoid Market (2025-2031)
Table 4.10: Trends of Canthaxanthin in the Global Carotenoid Market (2019-2024)
Table 4.11: Forecast for Canthaxanthin in the Global Carotenoid Market (2025-2031)
Table 4.12: Trends of Lutein in the Global Carotenoid Market (2019-2024)
Table 4.13: Forecast for Lutein in the Global Carotenoid Market (2025-2031)
Table 4.14: Trends of Lycopene in the Global Carotenoid Market (2019-2024)
Table 4.15: Forecast for Lycopene in the Global Carotenoid Market (2025-2031)
Table 4.16: Trends of Zeaxanthin in the Global Carotenoid Market (2019-2024)
Table 4.17: Forecast for Zeaxanthin in the Global Carotenoid Market (2025-2031)
Table 4.18: Trends of Others in the Global Carotenoid Market (2019-2024)
Table 4.19: Forecast for Others in the Global Carotenoid Market (2025-2031)
Chapter 5
Table 5.1: Attractiveness Analysis for the Global Carotenoid Market by Source
Table 5.2: Market Size and CAGR of Various Source in the Global Carotenoid Market (2019-2024)
Table 5.3: Market Size and CAGR of Various Source in the Global Carotenoid Market (2025-2031)
Table 5.4: Trends of Natural in the Global Carotenoid Market (2019-2024)
Table 5.5: Forecast for Natural in the Global Carotenoid Market (2025-2031)
Table 5.6: Trends of Synthetic in the Global Carotenoid Market (2019-2024)
Table 5.7: Forecast for Synthetic in the Global Carotenoid Market (2025-2031)
Chapter 6
Table 6.1: Attractiveness Analysis for the Global Carotenoid Market by Application
Table 6.2: Market Size and CAGR of Various Application in the Global Carotenoid Market (2019-2024)
Table 6.3: Market Size and CAGR of Various Application in the Global Carotenoid Market (2025-2031)
Table 6.4: Trends of Food in the Global Carotenoid Market (2019-2024)
Table 6.5: Forecast for Food in the Global Carotenoid Market (2025-2031)
Table 6.6: Trends of Supplements in the Global Carotenoid Market (2019-2024)
Table 6.7: Forecast for Supplements in the Global Carotenoid Market (2025-2031)
Table 6.8: Trends of Feed in the Global Carotenoid Market (2019-2024)
Table 6.9: Forecast for Feed in the Global Carotenoid Market (2025-2031)
Table 6.10: Trends of Pharmaceuticals in the Global Carotenoid Market (2019-2024)
Table 6.11: Forecast for Pharmaceuticals in the Global Carotenoid Market (2025-2031)
Table 6.12: Trends of Cosmetics in the Global Carotenoid Market (2019-2024)
Table 6.13: Forecast for Cosmetics in the Global Carotenoid Market (2025-2031)
Table 6.14: Trends of Others in the Global Carotenoid Market (2019-2024)
Table 6.15: Forecast for Others in the Global Carotenoid Market (2025-2031)
Chapter 7
Table 7.1: Market Size and CAGR of Various Regions in the Global Carotenoid Market (2019-2024)
Table 7.2: Market Size and CAGR of Various Regions in the Global Carotenoid Market (2025-2031)
Chapter 8
Table 8.1: Trends of the North American Carotenoid Market (2019-2024)
Table 8.2: Forecast for the North American Carotenoid Market (2025-2031)
Table 8.3: Market Size and CAGR of Various Type in the North American Carotenoid Market (2019-2024)
Table 8.4: Market Size and CAGR of Various Type in the North American Carotenoid Market (2025-2031)
Table 8.5: Market Size and CAGR of Various Application in the North American Carotenoid Market (2019-2024)
Table 8.6: Market Size and CAGR of Various Application in the North American Carotenoid Market (2025-2031)
Table 8.7: Trends and Forecast for the United States Carotenoid Market (2019-2031)
Table 8.8: Trends and Forecast for the Mexican Carotenoid Market (2019-2031)
Table 8.9: Trends and Forecast for the Canadian Carotenoid Market (2019-2031)
Chapter 9
Table 9.1: Trends of the European Carotenoid Market (2019-2024)
Table 9.2: Forecast for the European Carotenoid Market (2025-2031)
Table 9.3: Market Size and CAGR of Various Type in the European Carotenoid Market (2019-2024)
Table 9.4: Market Size and CAGR of Various Type in the European Carotenoid Market (2025-2031)
Table 9.5: Market Size and CAGR of Various Application in the European Carotenoid Market (2019-2024)
Table 9.6: Market Size and CAGR of Various Application in the European Carotenoid Market (2025-2031)
Table 9.7: Trends and Forecast for the German Carotenoid Market (2019-2031)
Table 9.8: Trends and Forecast for the French Carotenoid Market (2019-2031)
Table 9.9: Trends and Forecast for the Spanish Carotenoid Market (2019-2031)
Table 9.10: Trends and Forecast for the Italian Carotenoid Market (2019-2031)
Table 9.11: Trends and Forecast for the United Kingdom Carotenoid Market (2019-2031)
Chapter 10
Table 10.1: Trends of the APAC Carotenoid Market (2019-2024)
Table 10.2: Forecast for the APAC Carotenoid Market (2025-2031)
Table 10.3: Market Size and CAGR of Various Type in the APAC Carotenoid Market (2019-2024)
Table 10.4: Market Size and CAGR of Various Type in the APAC Carotenoid Market (2025-2031)
Table 10.5: Market Size and CAGR of Various Application in the APAC Carotenoid Market (2019-2024)
Table 10.6: Market Size and CAGR of Various Application in the APAC Carotenoid Market (2025-2031)
Table 10.7: Trends and Forecast for the Japanese Carotenoid Market (2019-2031)
Table 10.8: Trends and Forecast for the Indian Carotenoid Market (2019-2031)
Table 10.9: Trends and Forecast for the Chinese Carotenoid Market (2019-2031)
Table 10.10: Trends and Forecast for the South Korean Carotenoid Market (2019-2031)
Table 10.11: Trends and Forecast for the Indonesian Carotenoid Market (2019-2031)
Chapter 11
Table 11.1: Trends of the ROW Carotenoid Market (2019-2024)
Table 11.2: Forecast for the ROW Carotenoid Market (2025-2031)
Table 11.3: Market Size and CAGR of Various Type in the ROW Carotenoid Market (2019-2024)
Table 11.4: Market Size and CAGR of Various Type in the ROW Carotenoid Market (2025-2031)
Table 11.5: Market Size and CAGR of Various Application in the ROW Carotenoid Market (2019-2024)
Table 11.6: Market Size and CAGR of Various Application in the ROW Carotenoid Market (2025-2031)
Table 11.7: Trends and Forecast for the Middle Eastern Carotenoid Market (2019-2031)
Table 11.8: Trends and Forecast for the South American Carotenoid Market (2019-2031)
Table 11.9: Trends and Forecast for the African Carotenoid Market (2019-2031)
Chapter 12
Table 12.1: Product Mapping of Carotenoid Suppliers Based on Segments
Table 12.2: Operational Integration of Carotenoid Manufacturers
Table 12.3: Rankings of Suppliers Based on Carotenoid Revenue
Chapter 13
Table 13.1: New Product Launches by Major Carotenoid Producers (2019-2024)
Table 13.2: Certification Acquired by Major Competitor in the Global Carotenoid Market