Carotenoids Market Forecasted to Reach $2.26 Billion by 2030

Carotenoids Market Forecasted 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=06-06-2024 Meticulous Research has recently released its latest publication forecasting that the global carotenoids market will reach $2.26 billion by 2030, growing at a CAGR of 3.8% from 2023 to 2030. The primary factors driving this market growth include the increasing demand for natural colorants, rising incidences of eye diseases and cancer, heightened awareness of clean-label products, and the surging demand for natural skincare cosmetics. Growth Drivers and Opportunities The expanding use of carotenoids in aquaculture, along with burgeoning markets in Asia-Pacific, Latin America, and the Middle East & Africa, presents significant growth opportunities for the carotenoids market. However, the market faces challenges such as stringent regulatory norms and the high costs associated with natural pigments. Type Segmentation Astaxanthin: Expected to hold the largest market share in 2023 due to its high demand in nutraceutical applications for its antioxidant properties, cancer treatment, and extensive use in aquaculture and animal feed industries.Lutein: Projected to witness significant growth owing to its efficacy in treating age-related eye disorders like cataracts and macular degeneration.Beadlets: Predicted to dominate in 2023, thanks to their benefits such as increased stability, high purity, and enhanced shelf life. Beadlet carotenoids, developed from spray drying technology, offer excellent flow properties and durability under high pressure. Natural Carotenoids: Anticipated to experience rapid growth 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: Projected to hold the largest market share in 2023 due to the growth of the aquaculture industry, increased seafood consumption, compound feed production, and demand for nutritious animal feed.Dietary Supplements: Expected to grow significantly, driven by the prevalence of chronic diseases and the shift towards natural carotenoids due to rising health awareness. Geographic Segmentation: Page 1 of 2 Meticulous Research| sales@meticulousresearch.com

Carotenoids Market - 2023-2030 Europe: Predicted to account for the largest market share in 2023. The region's dominant position is attributed to its robust food & beverage industry, rising health and wellness trends, increased meat consumption, high feed production, and established cosmetics industry. Additionally, the aging population in Europe has increased the 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=06-06-2024 About Meticulous Research : Meticulous Research was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Contact Us: Meticulous Research Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 2 of 2 Meticulous Research| sales@meticulousresearch.com