Carotenoids Industry Forecast to Reach $2.26 Billion by 2030

Carotenoids Market Projected to Reach $2.26 Billion by 2030

Carotenoids Market - 2023-2030 Meticulous Research a leading global market research company, published a research report titled, Carotenoids Marketby Type (Astaxanthin, Beta-carotene, Lutein, Lycopene, Zeaxanthin), Form (Beadlets, Liquid), Source (Synthetic, Natural), Application (Feed, Food & Beverages, Dietary Supplements, Cosmetics, Pharmaceuticals) - Global Forecasts to 2030. Download Free Sample Report@ https://www.meticulousresearch.com/download-sample- report/cp_id=5440?utm_source=pdf&utm_medium=social&utm_campaign=product&utm_co ntent=04-11-2024 Meticulous Research has released a new report predicting that the global carotenoids market will grow to $2.26 billion by 2030, with a compound annual growth rate (CAGR) of 3.8% from 2023 to 2030. Key factors driving this growth include the rising demand for natural colorants, increasing prevalence of eye diseases and cancer, growing awareness of clean-label products, and the surging popularity of natural skincare cosmetics Growth Drivers and Opportunities The carotenoids market is set to benefit from expanding use in aquaculture and significant growth opportunities in regions such as Asia-Pacific, Latin America, and the Middle East & Africa. However, challenges like stringent regulatory norms and the high costs associated with natural pigments persist. Type Segmentation Astaxanthin: Expected to dominate the market in 2023 due to its high demand in nutraceutical applications, cancer treatment, and extensive use in aquaculture and animal feed industries. Lutein: Projected for significant growth thanks to its effectiveness in treating age-related eye disorders like cataracts and macular degeneration. Beadlets: Predicted to lead in 2023 due to benefits such as increased stability, high purity, and enhanced shelf life. These carotenoids, developed from spray drying technology, offer excellent flow properties and durability under high pressure. Natural Carotenoids: Anticipated to grow rapidly due to consumer preference for natural ingredients in food & beverages, cosmetics, pharmaceuticals, and other products. Their unique antioxidant and coloring properties and suitability for production in ideal cell factories drive this segment's expansion. Application Segmentation Feed: Expected to hold the largest market share in 2023, driven by the growth of the aquaculture industry, increased seafood consumption, compound feed production, and demand for nutritious animal feed. Dietary Supplements: Predicted to grow significantly due to the prevalence of chronic diseases and a shift towards natural carotenoids fueled by rising health awareness. Page 1 of 3 Meticulous Research| sales@meticulousresearch.com

Carotenoids Market - 2023-2030 Geographic Segmentation Europe: Forecasted to hold the largest market share in 2023, thanks to its robust food & beverage industry, rising health and wellness trends, increased meat consumption, high feed production, and established cosmetics industry. The aging population in Europe has also spurred demand for lutein, lycopene, and beta-carotene to manage cataracts and reduce the risk of diabetes, cancer, and cardiovascular diseases. Key Players Allied Biotech Corporation (China)BASF SE (Germany)Chr. Hansen Holding A/S (Denmark)Cyanotech Corporation (U.S.)DDW, Inc. (U.S.)Deinove SA (France)Divi's Laboratories Limited (India)D hler GmbH (Germany)ExcelVite Sdn. Bhd. (Malaysia)Kemin Industries, Inc.(U.S.)Koninklijke DSM N.V. (Netherlands)Lycored Corp. (Israel)Novus International, Inc. (U.S.)Vidya Europe SAS (France)Zhejiang NHU Co., Ltd. (China) The global carotenoids market is poised for robust growth, driven by advancements in applications and increasing consumer demand for natural, health-promoting products. Despite regulatory and cost challenges, the market's expansion into emerging economies and the integration of innovative technologies present a promising future. Buy Now@ https://www.meticulousresearch.com/Checkout/97481881?utm_source=pdf&utm_medium=soc ial&utm_campaign=product&utm_content=04-11-2024 About Meticulous Research : We are a trusted research partner for leading businesses worldwide, empowering Fortune 500 organizations and emerging enterprises with actionable market intelligence tailored to drive revenue transformation and strategic growth. Our insights reveal forward-looking revenue opportunities, providing our clients with a competitive edge through a diverse suite of research solutions syndicated reports, custom research, and direct analyst engagement. Each year, we conduct over 300 syndicated studies and manage 60+ consulting engagements across eight key industry sectors and 20+ geographic markets. With a focus on solving the complex challenges facing global business leaders, our research enables informed decision-making that propels sustainable growth and operational excellence. We are dedicated to delivering high-impact solutions that transform business performance and fuel innovation in the competitive global marketplace. Contact Us: Meticulous Market Research Pvt. Ltd. 1267 Willis St, Ste 200 Redding, California, 96001, U.S. Email- sales@meticulousresearch.com USA: +1-646-781-8004 Europe: +44-203-868-8738 APAC: +91 744-7780008 Visit Our Website: https://www.meticulousresearch.com/ Page 2 of 3 Meticulous Research| sales@meticulousresearch.com

Carotenoids Market - 2023-2030 For Latest Update Follow Us: LinkedIn- https://www.linkedin.com/company/meticulous-research Meticulous Blog | Top Market Research Reports Blog - https://meticulousblog.org/ Page 3 of 3 Meticulous Research| sales@meticulousresearch.com