Carotenoids Market Report 2025 (Global Edition)

Global Carotenoids Market Report 2025 Market Size Split by Type (Astaxanthin, Beta-carotene, Lutein, Zeaxanthin, Lycopene, Canthaxanthin, Others), by Application (Animal Feed, Food & Beverages, Dietar...

Carotenoids Market Report Description

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Competitive Landscape of the Carotenoids Market

The increasing number of private companies from developing nations such as China, India, and others has resulted in intense competition in the global market. The major players in the international market are making use of partnerships, acquisitions, and agreements to consolidate their industries. Furthermore, one of the key firms' preferred strategies that will propel the market's growth is to prioritize the development of new products. Demand-side dynamics are changing quickly, with end-use industries requiring products based on carotenoids to have both higher bioavailability and high specificity. Prominent Players in the food and feed ingredients sector are actively leveraging R&D and the introduction of natural and organic components.

Recent Developments in the Carotenoids Market

• Kemin Animal Nutrition and Health, a division of Kemin Industries, added Organic KEM GLO to its range of carotenoid products in March 2019. The recently developed carotenoid/pigment has received USDA certification and possesses the ability to utilize the typical paprika qualities to distribute color uniformly in the feed, transferring uniform density and egg color pigmentation.

Top Companies Market Share in Carotenoids Industry: (In no particular order of Rank)

• BASF SE
• Allied Biotech
• Kemin Industries
• Brenntag
• ExcelVite Sdn. Bhd.
• Cyanotech Corp.
• Chr. Hansen
• D.D. Williamson
• DSM Nutritional Products
• Divis Laboratories
• Naturex SA
• Lycored.
• Koninklijke DSM N.V.
• Dohler Group
• Novus International
• Deinove SAS
• Farbest Brands
• Excelvite Sdn. Bhd.
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Which Region led the  Carotenoids Market in 2023 in terms of market share?

Europe held the largest market share in 2023. As the largest market currently in existence, the region is anticipated to hold a significant portion of the market over the course of the projection. The region's well-established cosmetics industry and sizable animal feed sector are the primary forces behind the expansion of the carotenoids market. Additionally, in European markets, these are some of the most favored food coloring additives. Food processors worldwide are placing a high value on organic and natural ingredients because of their benefits to food safety, quality, sustainability, and social convenience. Due to frequent inspections of food labels for information on the provenance of ingredients, manufacturing processes, and the environmental impact of the supply chain, consumers are becoming more environmentally conscious. 

In North America's developed markets, these considerations are pushing the demand for natural tetraterpenoids over genetically modified organisms and other synthetic alternatives. Due to tetraterpenoids' beneficial effect in treating Vitamin A deficiency—a serious public health concern, particularly for young children and pregnant women in low-income countries in Southeast Asia and Africa—consumption of these compounds is rising. Infant mortality in emerging nations is also largely attributed to vitamin A deficiency. In addition, it is anticipated that the increased interest of global market participants in building their enterprises in the quickly developing Asian economies would further propel market expansion throughout the area. It is anticipated that South America's rapidly expanding animal feed market and rising need for specialty feed would drive up demand for this product there. 
 

The current report Scope analyzes Carotenoids Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

Carotenoids Market Analysis

Which Type Segment accounts for the majority market share in 2023?

Astaxanthin and beta-carotene are currently in high demand and have a dominant position in the market. The main causes of the aforementioned segment’s great popularity are their prospective contributions to diabetes prevention, heart health improvement, immunity enhancement, and other major health benefits. 

Innovative pigments with improved functions and sustainable sourcing have plenty of opportunity in the worldwide food and beverage market. For example, the U.S. Food and Drug Administration permitted the use of Arthrospira and Phycocyanin extracts in chewing gum, candy, and other confections in 2013–2014. 
Source- https://www.accessdata.fda.gov/scripts/cdrh/cfdocs/cfcfr/CFRSearch.cfm?fr=73.530 

Such suitable legislative frameworks and regulatory support are anticipated to accelerate market expansion.

• Astaxanthin
• Beta-carotene 
• Lutein
• Zeaxanthin 
• Lycopene
• Canthaxanthin
• Others 
   

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Carotenoids Industry. Request a Free Sample PDF!

How is the Application Segment performing in the Carotenoids Market?

The dietary supplements segment is dominating the market leading to increased consumer demand. Due to their coloring qualities, carotenoids are widely utilized in animal feed products intended for fish, shrimp, or poultry. As a result, the product's primary application market is animal feed. By adding the product externally to their diet, egg yolks, broiler skin, fish, and crustaceans all have better and more pigment. They may also increase an animal's ability to conceive and enhance its general health. Some field experiments have shown that feeding beta-carotene has a good effect on improving the fertility of pigs, horses, and cattle.

Food colorants have a wide range of applications in the food and beverage market, including dietary supplements and processed foods like dairy and beverages. Demand for organic and natural food products has been steadily and noticeably rising as customers become more conscious of the health advantages of eating foods with natural coloring. Natural ingredients have also benefited from a discernible increase in the demand for, production of, and consumption of functional food items and dietary supplements because of their health-promoting qualities.

• Animal Feed
• Food & Beverages
• Dietary Supplements
• Personal Care & Cosmetics
• Pharmaceuticals
   

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Carotenoids Source Segment Analysis

Synthetic segment presently account for a large portion of the carotenoid market revenue share due to their affordability and simplicity of extraction. However, as customers gravitate toward food, cosmetics, and pharmaceuticals along with other products produced with natural resources, the need for pigments derived from natural sources is growing. Due to the quick shift in consumer preferences and the constant increase in demand for organic products, the segment is expected to develop at a significant compound annual growth rate (CAGR) during the forecast period.

• Synthetic
• Natural

Carotenoids Form Segment Analysis

The beadlet market segment led the carotenoids market in 2023 based on form. Free-flowing, spherical particles known as carotenoid beadlets are the result of spray drying technology. They are often kept dry, cool, and away from heat, light, and air. They are packaged in an aluminum foil bag. Using beadlet formulations also has other significant advantages, such as improved shelf life, cold water dispersion, and higher stability.

• Beadlets
• Powder
• Liquid
• Gel
• Other Farms

Author's Detail

Sneha Singh

Research Analyst at Cognitive Market Research

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I am a well-organized, conscientious, and professional Research Analyst with two three years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.

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