Global Carotenoids Market Size study & Forecast, by Source, by Product by Application, and Regional Analysis, 2022-2029

Description

List of Tables

Global Carotenoids Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Carotenoids are natural pigments found in various fruits and vegetables, as well as in some animal products. They are known for their antioxidant properties and are believed to provide numerous health benefits, such as reducing the risk of chronic diseases. The major driving factors for the market are the growing demand for natural and organic food products and increased use in the cosmetic industry.

As consumers become more health-conscious, there is a growing demand for natural and organic food products. Carotenoids are widely used as a natural food colorant, and their antioxidant properties make them attractive ingredients in functional foods and dietary supplements. In 2021, a survey by The Hartman Group found that 61% of US consumers are trying to eat more organic food, up from 57% in 2020. The survey also found that 73% of consumers believe that organic foods are healthier than non-organic foods. Similarly, in August 2020, a survey by Mintel found that 59% of UK consumers said they would be more likely to buy products with organic certification, and that 57% of US consumers said they would be more likely to buy organic food products if they were cheaper. Moreover, growing awareness of the health benefits of carotenoids and increasing demand from the animal feed industry is creating a lucrative growth opportunities for the market over the forecast period 2022-2029. However, the high cost of Carotenoids stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Carotenoids Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, primarily due to the increasing demand for natural colorants and dietary supplements in the region. The United States and Canada are the leading countries in the North American carotenoid market. The Asia-Pacific region is expected to experience the fastest growth in the carotenoids market during the forecast period. This can be attributed to the growing demand for processed food and natural colorants in countries such as China and India. Other emerging markets in the region, such as Indonesia, Thailand, and Vietnam, are also expected to contribute to the growth of the carotenoids market in the Asia-Pacific region.

Major market players included in this report are:

BASF SE
Allied Biotech
Kemin Industries
Brenntag
ExcelVite Sdn. Bhd.
Cyanotech Corp.
DSM Nutritional Products
Divis Laboratories
Naturex SA
Lycored.

Recent Developments in the Market:

DSM launched its new product MEG-3 Vomega 10 powder in 2019, which contains a high concentration of omega-3s and carotenoids and is designed for use in dietary supplements and functional foods.
BASF completed its acquisition of Isobionics, a leading biotechnology company, in 2019. This acquisition is expected to strengthen BASF's portfolio of natural flavors and fragrances, including carotenoids.

Global Carotenoids Market Report Scope:

Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Source, Product, Application, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.

By Source:

Natural
Synthetic

By Product:

Beta-carotene
Lutein
Lycopene
Astaxanthin
Zeaxanthin
Canthaxanthin
Others

By Application:

Food
Supplements
Feed
Pharmaceuticals
Cosmetics

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Carotenoids Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Carotenoids Market, by Source, 2019-2029 (USD Billion)
- 1.2.3. Carotenoids Market, by Product, 2019-2029 (USD Billion)
- 1.2.4. Carotenoids Market, by Application, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Carotenoids Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Carotenoids Market Dynamics

3.1. Carotenoids Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
  - 3.1.1.1. Growing demand for natural and organic food products
  - 3.1.1.2. Increased use in the cosmetic industry
- 3.1.2. Market Challenges
  - 3.1.2.1. High Cost of Carotenoids
- 3.1.3. Market Opportunities
  - 3.1.3.1. Growing awareness of the health benefits of carotenoids
  - 3.1.3.2. Increasing demand from the animal feed industry

Chapter 4. Global Carotenoids Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
4.4. Investment Adoption Model
4.5. Analyst Recommendation & Conclusion
4.6. Top investment opportunity
4.7. Top winning strategies

Chapter 5. Risk Assessment: COVID-19 Impact

5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario

Chapter 6. Global Carotenoids Market, by Source

6.1. Market Snapshot
6.2. Global Carotenoids Market by Source, Performance - Potential Analysis
6.3. Global Carotenoids Market Estimates & Forecasts by Source 2019-2029 (USD Billion)
6.4. Carotenoids Market, Sub Segment Analysis
- 6.4.1. Natural
- 6.4.2. Synthetic

Chapter 7. Global Carotenoids Market, by Product

7.1. Market Snapshot
7.2. Global Carotenoids Market by Product, Performance - Potential Analysis
7.3. Global Carotenoids Market Estimates & Forecasts by Product 2019-2029 (USD Billion)
7.4. Carotenoids Market, Sub Segment Analysis
- 7.4.1. Beta-carotene
- 7.4.2. Lutein
- 7.4.3. Lycopene
- 7.4.4. Astaxanthin
- 7.4.5. Zeaxanthin
- 7.4.6. Canthaxanthin
- 7.4.7. Others

Chapter 8. Global Carotenoids Market, by Application

8.1. Market Snapshot
8.2. Global Carotenoids Market by Application, Performance - Potential Analysis
8.3. Global Carotenoids Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
8.4. Carotenoids Market, Sub Segment Analysis
- 8.4.1. Food
- 8.4.2. Supplements
- 8.4.3. Feed
- 8.4.4. Pharmaceuticals
- 8.4.5. Cosmetics

Chapter 9. Global Carotenoids Market, Regional Analysis

9.1. Carotenoids Market, Regional Market Snapshot
9.2. North America Carotenoids Market
- 9.2.1. U.S. Carotenoids Market
  - 9.2.1.1. Source breakdown estimates & forecasts, 2019-2029
  - 9.2.1.2. Product breakdown estimates & forecasts, 2019-2029
  - 9.2.1.3. Application breakdown estimates & forecasts, 2019-2029
- 9.2.2. Canada Carotenoids Market
9.3. Europe Carotenoids Market Snapshot
- 9.3.1. U.K. Carotenoids Market
- 9.3.2. Germany Carotenoids Market
- 9.3.3. France Carotenoids Market
- 9.3.4. Spain Carotenoids Market
- 9.3.5. Italy Carotenoids Market
- 9.3.6. Rest of Europe Carotenoids Market
9.4. Asia-Pacific Carotenoids Market Snapshot
- 9.4.1. China Carotenoids Market
- 9.4.2. India Carotenoids Market
- 9.4.3. Japan Carotenoids Market
- 9.4.4. Australia Carotenoids Market
- 9.4.5. South Korea Carotenoids Market
- 9.4.6. Rest of Asia Pacific Carotenoids Market
9.5. Latin America Carotenoids Market Snapshot
- 9.5.1. Brazil Carotenoids Market
- 9.5.2. Mexico Carotenoids Market
9.6. Rest of The World Carotenoids Market

Chapter 10. Competitive Intelligence

10.1. Top Market Strategies
10.2. Company Profiles
- 10.2.1. BASF SE
  - 10.2.1.1. Key Information
  - 10.2.1.2. Overview
  - 10.2.1.3. Financial (Subject to Data Availability)
  - 10.2.1.4. Product Summary
  - 10.2.1.5. Recent Developments
- 10.2.2. Allied Biotech
- 10.2.3. Kemin Industries
- 10.2.4. Brenntag
- 10.2.5. ExcelVite Sdn. Bhd.
- 10.2.6. Cyanotech Corp.
- 10.2.7. DSM Nutritional Products
- 10.2.8. Divis Laboratories
- 10.2.9. Naturex SA
- 10.2.10. Lycored.

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Carotenoids Market, report scope
TABLE 2. Global Carotenoids Market estimates & forecasts by Region 2019-2029 (USD Billion)
TABLE 3. Global Carotenoids Market estimates & forecasts by Source 2019-2029 (USD Billion)
TABLE 4. Global Carotenoids Market estimates & forecasts by Product 2019-2029 (USD Billion)
TABLE 5. Global Carotenoids Market estimates & forecasts by Application 2019-2029 (USD Billion)
TABLE 6. Global Carotenoids Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 7. Global Carotenoids Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 8. Global Carotenoids Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 9. Global Carotenoids Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 10. Global Carotenoids Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 11. Global Carotenoids Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 12. Global Carotenoids Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 13. Global Carotenoids Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 14. Global Carotenoids Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 15. Global Carotenoids Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 16. U.S. Carotenoids Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 17. U.S. Carotenoids Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 18. U.S. Carotenoids Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 19. Canada Carotenoids Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 20. Canada Carotenoids Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 21. Canada Carotenoids Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 22. UK Carotenoids Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 23. UK Carotenoids Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 24. UK Carotenoids Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 25. Germany Carotenoids Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 26. Germany Carotenoids Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 27. Germany Carotenoids Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 28. France Carotenoids Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 29. France Carotenoids Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 30. France Carotenoids Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 31. Italy Carotenoids Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 32. Italy Carotenoids Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 33. Italy Carotenoids Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 34. Spain Carotenoids Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 35. Spain Carotenoids Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 36. Spain Carotenoids Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 37. RoE Carotenoids Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 38. RoE Carotenoids Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 39. RoE Carotenoids Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 40. China Carotenoids Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 41. China Carotenoids Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 42. China Carotenoids Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 43. India Carotenoids Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 44. India Carotenoids Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 45. India Carotenoids Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 46. Japan Carotenoids Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 47. Japan Carotenoids Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 48. Japan Carotenoids Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 49. South Korea Carotenoids Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 50. South Korea Carotenoids Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 51. South Korea Carotenoids Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 52. Australia Carotenoids Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 53. Australia Carotenoids Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 54. Australia Carotenoids Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 55. RoAPAC Carotenoids Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 56. RoAPAC Carotenoids Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 57. RoAPAC Carotenoids Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 58. Brazil Carotenoids Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 59. Brazil Carotenoids Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 60. Brazil Carotenoids Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 61. Mexico Carotenoids Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 62. Mexico Carotenoids Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 63. Mexico Carotenoids Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 64. RoLA Carotenoids Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 65. RoLA Carotenoids Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 66. RoLA Carotenoids Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 67. Row Carotenoids Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 68. Row Carotenoids Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 69. Row Carotenoids Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Carotenoids Market
TABLE 71. List of primary sources, used in the study of global Carotenoids Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

List of figures

FIG 1. Global Carotenoids Market, research methodology
FIG 2. Global Carotenoids Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Carotenoids Market, key trends 2021
FIG 5. Global Carotenoids Market, growth prospects 2022-2029
FIG 6. Global Carotenoids Market, porters 5 force model
FIG 7. Global Carotenoids Market, pest analysis
FIG 8. Global Carotenoids Market, value chain analysis
FIG 9. Global Carotenoids Market by segment, 2019 & 2029 (USD Billion)
FIG 10. Global Carotenoids Market by segment, 2019 & 2029 (USD Billion)
FIG 11. Global Carotenoids Market by segment, 2019 & 2029 (USD Billion)
FIG 12. Global Carotenoids Market by segment, 2019 & 2029 (USD Billion)
FIG 13. Global Carotenoids Market by segment, 2019 & 2029 (USD Billion)
FIG 14. Global Carotenoids Market, regional snapshot 2019 & 2029
FIG 15. North America Carotenoids Market 2019 & 2029 (USD Billion)
FIG 16. Europe Carotenoids Market 2019 & 2029 (USD Billion)
FIG 17. Asia pacific Carotenoids Market 2019 & 2029 (USD Billion)
FIG 18. Latin America Carotenoids Market 2019 & 2029 (USD Billion)
FIG 19. Global Carotenoids Market, company Market share analysis (2021)