What was the carotenoids market valued at in 2022?

The Global Carotenoids Market size was estimated to be US$ 1,875 Mn in 2022.

What is the total market value of the Carotenoids Market report?

The Global Carotenoids Market size was US$ 1,875 Mn in 2022 and is expected to reach US$ 3,402 Mn by 2032 at a CAGR of 6.3% over the forecast period of 2023-2032.

What are the major growth factors of the Carotenoids Market?

The nutritional benefits associated with cartenoids along with the rising health awareness is the major factor driving the cartenoid market.

Which region will lead the Global Carotenoids Market?

Europe led the the carotenoids market in 2022 with a market share of over 40.0% and it is expected to expand further at the same rate.

Who are the prominent key players in the Carotenoids Market?

The major players in the Carotenoids Market are BASF SE, Koninklijke DSM NV, Kemin Industries Inc., Lycored Corp., Fuji Chemical Industries Co. Ltd., Allied Biotech Corporation, and several others.

Which segment was the most prominent in the Carotenoids Market?

By Type Analysis, Astaxanthin accounts for the highest revenue share among product type segments. By Source Analysis, In 2022, synthetic sources dominated the industry due to their ease of extraction and low price. By Application Analysis, the feed is the most profitable application segment.

List the segments encompassed in this report on the Carotenoids Market.

The Global Carotenoids Market is segmented By Product, By Source, By Application, and By Region.

Carotenoids Market Size, Share, Growth

Global Carotenoids Market By Product (Astaxanthin, Beta-carotene, Lutein, Lycopene, Canthaxanthin, Zeaxanthin, and Other Product Types), By Source (Synthetic and Natural), By Application (Feed, Food & Beverages, Dietary Supplements, Cosmetics, and Pharmaceuticals), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023-2032

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