PUBLISHER: Grand View Research | PRODUCT CODE: 1813805
PUBLISHER: Grand View Research | PRODUCT CODE: 1813805
Carotenoids Market Size, Share & Trends Analysis Report By Product, By Application, By Source, By Region, And Segment Forecasts, 2025 - 2033
Carotenoids Market Summary
The global carotenoids market size was estimated at USD 3,261.9 million in 2024 and is projected to reach USD 5,221.3 million by 2030, growing at a CAGR of 5.4% from 2025 to 2033. Increasing health consciousness among consumers is a significant driver, as carotenoids are known for their antioxidant properties and health benefits, including reducing the risk of chronic diseases such as cancer and eye disorders.
The rising demand for natural colorants in the food and beverage industry also propels market growth, as consumers prefer clean-label products with natural ingredients. The expanding applications of carotenoids in cosmetics and personal care products, due to their skin-protective and anti-aging properties, contribute to market expansion. The growing adoption of carotenoids in the animal feed industry, which enhances animal products' quality and nutritional value, further supports market growth. Lastly, advancements in extraction and production technologies make carotenoids more accessible and cost-effective.
Additionally, Beta-carotene also functions as a potent antioxidant in animal feed, protecting cells from oxidative damage caused by free radicals and supporting a stronger immune system. Its inclusion in feed formulations enhances animals' resilience to oxidative stress and boosts overall immune response. Additionally, beta-carotene plays a crucial role in supporting reproductive health and performance in livestock and poultry. It contributes to the development of reproductive organs, promotes sperm production, and supports healthy embryo development. Ensuring sufficient beta-carotene levels in animal diets can lead to improved fertility, higher conception rates, and better reproductive outcomes.
The personal care and cosmetics industry presents significant growth opportunities for the carotenoids market, driven by the multifunctional benefits of compounds like beta-carotene. Known for its potent antioxidant properties, beta-carotene helps protect the skin from oxidative stress caused by free radicals, which can accelerate aging and skin damage. This makes it a valuable ingredient in anti-aging formulations, where it supports the reduction of fine lines, wrinkles, and uneven skin tone. Additionally, beta-carotene contributes to skin brightening by inhibiting melanin production, thereby helping to fade hyperpigmentation and promote a more even complexion. Its natural yellow to orange pigment also enhances the visual appeal of cosmetic products.
Furthermore, carotenoids offer moisturizing and emollient properties, forming a protective barrier that improves skin hydration and elasticity, especially beneficial for dry or sensitive skin. When used in conjunction with other antioxidants, carotenoids can also support sun care products by mitigating UV-induced damage. As consumer demand rises for natural, functional, and clean-label skincare solutions, carotenoids are poised for expanding use in a wide range of personal care applications.
Carotenoids also exhibit pharmaceutical uses, potentially suppressing heart disease and cancer, and helping to cure eye diseases, Parkinson's disease, Alzheimer's disease, and macular degeneration. Carotenoid pigments, such as astaxanthin, found in microorganisms and marine animals, offer various biological benefits, further increasing demand in the pharmaceutical and food industries.
Regulations significantly impact the global carotenoids industry, shaping production, distribution, and application. In the European Union, the use of carotenoids in food and feed is regulated under Regulation (EC) No 1333/2008 on food additives, which mandates strict safety assessments and labeling requirements. Similarly, in the United States, the Food and Drug Administration (FDA) regulates carotenoids under the Food, Drug, and Cosmetic Act, ensuring they meet safety standards for use in food and supplements. These regulations favor natural carotenoids over synthetic ones, driving demand for naturally sourced products. In addition, China's National Food Safety Standard (GB 2760-2014) outlines permissible levels and uses of carotenoids in food, further influencing market dynamics.
However, one of the key restraints in the carotenoids market is the potential health risks associated with excessive consumption, particularly of beta-carotene. Overconsumption can lead to carotenodermia, a condition characterized by a yellow or orange discoloration of the skin. While this condition is generally harmless and reversible upon reducing intake, it can raise concerns among consumers.
Global Carotenoids Market Report Segmentation
This report forecasts volume & revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2033. For this study, Grand View Research has segmented the global Carotenoids Market report based on product, application, and region:
- Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2033)
- Beta Carotene
- Lutein
- Lycopene
- Astaxanthin
- Zeaxanthin
- Canthaxanthin
- Other Products
- Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2033)
- Food
- Supplements
- Feed
- Pharmaceuticals
- Cosmetics
- Source Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2033)
- Natural
- Synthetic
- Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2033)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- South Korea
- Taiwan
- Latin America
- Brazil
- Argentina
- Middle East & Africa
- Saudi Arabia
- South Africa
Table of Contents
Chapter 1. Methodology And Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Lutein Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Carotenoids Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Carotenoids Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Material Outlook
- 3.2.2. Manufacturing Trends
- 3.2.3. Sales Channel Analysis
- 3.3. Price Trend Analysis, 2018-2033
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Challenges
- 3.4.4. Industry Opportunities
- 3.5. Industry Analysis Tools
- 3.5.1. Porter's Five Forces Analysis
- 3.5.2. Macro-Environmental Analysis
Chapter 4. Carotenoids Market: Product Estimates & Trend Analysis
- 4.1. Product Movement Analysis & Market Share, 2023 & 2033
- 4.2. Beta Carotene
- 4.2.1. Beta Carotene Market Estimates & Forecast, By Product, 2018 To 2033 (Kilotons) (USD Million)
- 4.3. Lutein
- 4.3.1. Lutein Carotenoids Market Estimates And Forecasts, By Product, 2018 - 2033 (Kilotons) (USD Million)
- 4.4. Lycopene
- 4.4.1. Lycopene Carotenoids Market Estimates And Forecasts, By Product, 2018 - 2033 (Kilotons) (USD Million)
- 4.5. Astaxanthin
- 4.5.1. Astaxanthin Carotenoids Market Estimates And Forecasts, By Product, 2018 - 2033 (Kilotons) (USD Million)
- 4.6. Zeaxanthin
- 4.6.1. Zeaxanthin Carotenoids Market Estimates And Forecasts, By Product, 2018 - 2033 (Kilotons) (USD Million)
- 4.7. Canthaxanthin
- 4.7.1. Canthaxanthin Carotenoids Market Estimates And Forecasts, By Product, 2018 - 2033 (Kilotons) (USD Million)
- 4.8. Other Products
- 4.8.1. Other Products Carotenoids Market Estimates And Forecasts, By Product, 2018 - 2033 (Kilotons) (USD Million)
Chapter 5. Carotenoids Market: Source Estimates & Trend Analysis
- 5.1. Source Movement Analysis & Market Share, 2023 & 2033
- 5.2. Natural
- 5.2.1. Natural Market Estimates & Forecast, By Product, 2018 To 2033 (Kilotons) (USD Million)
- 5.3. Synthetic
- 5.3.1. Synthetic Carotenoids Market Estimates And Forecasts, By Product, 2018 - 2033 (Kilotons) (USD Million)
Chapter 6. Carotenoids Market: Application Estimates & Trend Analysis
- 6.1. Application Movement Analysis & Market Share, 2023 & 2033
- 6.2. Food
- 6.2.1. Food Carotenoids Market Estimates & Forecast, By Application, 2018 To 2033 (Kilotons) (USD Million)
- 6.3. Supplements
- 6.3.1. Supplements Carotenoids Market Estimates And Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
- 6.4. Feed
- 6.4.1. Feed Carotenoids Market Estimates And Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
- 6.5. Pharmaceuticals
- 6.5.1. Pharmaceuticals Carotenoids Market Estimates And Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
- 6.6. Cosmetics
- 6.6.1. Cosmetics Carotenoids Market Estimates And Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
Chapter 7. Carotenoids Market: Regional Estimates & Trend Analysis
- 7.1. Regional Movement Analysis & Market Share, 2023 & 2033
- 7.2. North America
- 7.2.1. North America Carotenoids Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
- 7.2.2. U.S.
- 7.2.2.1. Key Country Dynamics
- 7.2.2.2. U.S. Carotenoids Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
- 7.2.3. Canada
- 7.2.3.1. Key Country Dynamics
- 7.2.3.2. Canada Carotenoids Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
- 7.2.4. Mexico
- 7.2.4.1. Key Country Dynamics
- 7.2.4.2. Mexico Carotenoids Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
- 7.3. Europe
- 7.3.1. Europe Carotenoids Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
- 7.3.2. Germany
- 7.3.2.1. Key Country Dynamics
- 7.3.2.2. Germany Carotenoids Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
- 7.3.3. UK
- 7.3.3.1. Key Country Dynamics
- 7.3.3.2. UK Carotenoids Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
- 7.3.4. France
- 7.3.4.1. Key Country Dynamics
- 7.3.4.2. France Carotenoids Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
- 7.3.5. Italy
- 7.3.5.1. Key Country Dynamics
- 7.3.5.2. Italy Carotenoids Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
- 7.3.6. Spain
- 7.3.6.1. Key Country Dynamics
- 7.3.6.2. Spain Carotenoids Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Carotenoids Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
- 7.4.2. China
- 7.4.2.1. Key Country Dynamics
- 7.4.2.2. China Carotenoids Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
- 7.4.3. India
- 7.4.3.1. Key Country Dynamics
- 7.4.3.2. India Carotenoids Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
- 7.4.4. Japan
- 7.4.4.1. Key Country Dynamics
- 7.4.4.2. Japan Carotenoids Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
- 7.4.5. South Korea
- 7.4.5.1. Key Country Dynamics
- 7.4.5.2. South Korea Carotenoids Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
- 7.4.6. Taiwan
- 7.4.6.1. Key Country Dynamics
- 7.4.6.2. Taiwan Carotenoids Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
- 7.5. Latin America
- 7.5.1. Latin America Carotenoids Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
- 7.5.2. Brazil
- 7.5.2.1. Key Country Dynamics
- 7.5.2.2. Brazil Carotenoids Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
- 7.5.3. Argentina
- 7.5.3.1. Key Country Dynamics
- 7.5.3.2. Argentina Carotenoids Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
- 7.6. Middle East & Africa
- 7.6.1. Middles East & Africa Carotenoids Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
- 7.6.2. Saudi Arabia
- 7.6.2.1. Key Country Dynamics
- 7.6.2.2. Saudi Arabia Carotenoids Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
- 7.6.3. South Africa
- 7.6.3.1. Key Country Dynamics
- 7.6.3.2. South Africa Carotenoids Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
Chapter 8. Carotenoids Market - Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Market Share/Position Analysis, 2023
- 8.4. Company Heat Map Analysis
- 8.5. Regional Market Analysis
- 8.6. Strategy Mapping
- 8.7. Company Profiles
- 8.7.1. dsm-firmenich
- 8.7.1.1. Participant's Overview
- 8.7.1.2. Financial Performance
- 8.7.1.3. Product Benchmarking
- 8.7.1.4. Recent Developments
- 8.7.2. Allied Biotech Corporation
- 8.7.2.1. Participant's Overview
- 8.7.2.2. Financial Performance
- 8.7.2.3. Product Benchmarking
- 8.7.2.4. Recent Developments
- 8.7.3. Sensient Colors LLC
- 8.7.3.1. Participant's Overview
- 8.7.3.2. Financial Performance
- 8.7.3.3. Product Benchmarking
- 8.7.3.4. Recent Developments
- 8.7.4. BioExtract
- 8.7.4.1. Participant's Overview
- 8.7.4.2. Financial Performance
- 8.7.4.3. Product Benchmarking
- 8.7.4.4. Recent Developments
- 8.7.5. Cyanotech Corporation.
- 8.7.5.1. Participant's Overview
- 8.7.5.2. Financial Performance
- 8.7.5.3. Product Benchmarking
- 8.7.5.4. Recent Developments
- 8.7.6. Kemin Industries, Inc.
- 8.7.6.1. Participant's Overview
- 8.7.6.2. Financial Performance
- 8.7.6.3. Product Benchmarking
- 8.7.6.4. Recent Developments
- 8.7.7. BASF
- 8.7.7.1. Participant's Overview
- 8.7.7.2. Financial Performance
- 8.7.7.3. Product Benchmarking
- 8.7.7.4. Recent Developments
- 8.7.8. Dohler GmbH
- 8.7.8.1. Participant's Overview
- 8.7.8.2. Financial Performance
- 8.7.8.3. Product Benchmarking
- 8.7.8.4. Recent Developments
- 8.7.9. Divi's Nutraceuticals
- 8.7.9.1. Participant's Overview
- 8.7.9.2. Financial Performance
- 8.7.9.3. Product Benchmarking
- 8.7.9.4. Recent Developments
- 8.7.10. Lycored
- 8.7.10.1. Participant's Overview
- 8.7.10.2. Financial Performance
- 8.7.10.3. Product Benchmarking
- 8.7.10.4. Recent Developments
- 8.7.11. NHU
- 8.7.11.1. Participant's Overview
- 8.7.11.2. Financial Performance
- 8.7.11.3. Product Benchmarking
- 8.7.11.4. Recent Developments
- 8.7.1. dsm-firmenich
List of Tables
- Table 1 List of Potential End-Users
- Table 2 Regulatory Framework, by Regions
- Table 3 List of Raw Material Suppliers
- Table 4 U.S. Macroeconomic Outlay
- Table 5 Canada Macroeconomic Outlay
- Table 6 Mexico Macroeconomic Outlay
- Table 7 Germany Macroeconomic Outlay
- Table 8 UK Macroeconomic Outlay
- Table 9 France Macroeconomic Outlay
- Table 11 Italy Macroeconomic Outlay
- Table 12 Spain Macroeconomic Outlay
- Table 14 China Macroeconomic Outlay
- Table 15 India Macroeconomic Outlay
- Table 16 Japan Macroeconomic Outlay
- Table 17 South Korea Macroeconomic Outlay
- Table 18 Taiwan Macroeconomic Outlay
- Table 19 Brazil Macroeconomic Outlay
- Table 20 Argentina Macroeconomic Outlay
- Table 21 Saudi Arabia Macroeconomic Outlay
- Table 22 South Africa Macroeconomic Outlay
- Table 23 Participant's Overview
- Table 24 Financial Performance
- Table 25 Product Benchmarking
- Table 26 Company Heat Map Analysis
- Table 27 Key Strategy Mapping
List of Figures
- Fig. 1 Carotenoids Market Segmentation
- Fig. 2 Information Procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Production And Validation
- Fig. 5 Data Validating & Publishing
- Fig. 6 Carotenoids Market Snapshot
- Fig. 7 Carotenoids Market Segmental Outlook, 2023 (Kilotons) (USD Million)
- Fig. 8 Carotenoids Market: Competitive Insights
- Fig. 9 Global Carotenoids Market, 2023 (Kilotons) (USD Million)
- Fig. 10 Global Carotenoids Market Value Chain Analysis
- Fig. 11 Carotenoids Market Dynamics
- Fig. 12 Carotenoids Market: Porter's Analysis
- Fig. 13 Carotenoids Market: Pestel Analysis
- Fig. 14 Carotenoids Market Analysis & Segment Forecast, By Product, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 15 Beta Carotene Market Analysis & Segment Forecast, By, Product 2018 - 2033 (Kilotons) (USD Million)
- Fig. 16 Lutein Carotenoids Market Analysis & Segment Forecast, By Product, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 17 Lycopene Carotenoids Market Analysis & Segment Forecast, By, Product, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 18 Astaxanthin Carotenoids Market Analysis & Segment Forecast, By, Product, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 19 Zeaxanthin Carotenoids Market Analysis & Segment Forecast, By, Product, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 20 Canthaxanthin Carotenoids Market Analysis & Segment Forecast, By, Product, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 21 Other Carotenoids Market Analysis & Segment Forecast, By, Product, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 22 Carotenoids Market Analysis & Segment Forecast, By Source, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 23 Natural Carotenoids Market Analysis & Segment Forecast, By, Source 2018 - 2033 (Kilotons) (USD Million)
- Fig. 24 Synthetic Carotenoids Market Analysis & Segment Forecast, By Source, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 25 Carotenoids Market Analysis & Segment Forecast, By Application, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 26 Food Carotenoids Market Analysis & Segment Forecast, By Application, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 27 Supplements Carotenoids Market Analysis & Segment Forecast, By Application, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 28 Feed Carotenoids Market Analysis & Segment Forecast, By Application, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 29 Pharmaceuticals Carotenoids Market Analysis & Segment Forecast, By Application, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 30 Cosmetics Carotenoids Market Analysis & Segment Forecast, By Application, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 31 Carotenoids Market Analysis & Segment Forecast, By Region, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 32 North America Carotenoids Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 33 U.S. Carotenoids Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 34 Canada Carotenoids Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 35 Mexico Carotenoids Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 36 Europe Carotenoids Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 37 Germany Carotenoids Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 38 UK Carotenoids Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 39 France Carotenoids Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 40 Italy Carotenoids Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 41 Spain Carotenoids Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 42 Asia Pacific Carotenoids Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 43 China Carotenoids Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 44 India Carotenoids Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 45 Japan Carotenoids Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 46 South Korea Carotenoids Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 47 Taiwan Carotenoids Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 48 Latin America Carotenoids Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 49 Brazil Carotenoids Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 50 Argentina Carotenoids Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 51 Middle East & Africa Carotenoids Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 52 Saudi Arabia Carotenoids Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 53 South Africa Carotenoids Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 54 Carotenoids Market: Company Categorization
- Fig. 55 Carotenoids Market: Company Market Share Analysis
- Fig. 56 Carotenoids Market: Company Market Positioning Analysis
- Fig. 57 Carotenoids Market: Strategy Mapping
