Market Research Report
The Global Market for Carotenoids
|The Global Market for Carotenoids|
Published: April 7, 2022
Content info: 164 Pages
Delivery time: 1-2 business days
The global carotenoid market should reach $2.7 billion by 2027 from $2.0 billion in 2022 at a compound annual growth rate (CAGR) of 5.7% for the forecast period of 2022 to 2027.
The astaxanthin segment of the global carotenoid market is expected to grow from $426.2 million in 2022 to $629.1 million in 2027 at a CAGR of 8.1% for the forecast period of 2022 to 2027.
The capsanthin segment of the global carotenoid market is expected to grow from $384.7 million in 2022 to $493.3 million in 2027 at a CAGR of 5.1% for the forecast period of 2022 to 2027.
This report is an update of the BCC Research report FOD025F, The Global Market for Carotenoids, which was published in 2018. While no new types of carotenoids have come on the market in the last three years and no fundamentally new manufacturing technology has been introduced, the market for carotenoids has changed significantly for some product segments. Prices have dropped for a number of products while market value has risen for others.
Producers and users of carotenoids need an up-to-date analysis of the current situation and a well-documented forecast for future trends in the industry as the basis for their strategic and business planning. The report may also help players in other ingredient markets that are considering diversifying to determine whether carotenoids would be a good fit.
The report reviews the global markets for the following commercialized carotenoids -