Carotenoids Market

Carotenoids Market (Type: Beta-Carotene, Astaxanthin, Zeaxanthin, Canthaxanthin, Lycopene, and Lutein; End-use: Food, Aquaculture Feed, Poultry Feed, Pet Food, Dietary Supplements, Pharmaceuticals, Cosmetics) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2031

Market Outlook 2031

  • The global carotenoids market size stood at US$ 6.2 Bn in 2022
  • It is expected to increase at a CAGR of 4.5% from 2023 to 2031 and reach US$ 9.0 Bn by the end of 2031

Analysts’ Viewpoint

Children in developing economies in Asia and Sub-Saharan Africa are experiencing a deficiency of vitamin A. The World Health Organization (WHO) has referred to this deficiency as a public health problem that affects 33% of children aged between 6 months and 5 years; with South Asia accounting for 44% and Sub-Sahara Africa – 48%. Balanced intake of carotenoids is likely to minimize vision impairment and consequently, drive the carotenoids market growth during the forecast period.

The WHO states that over 3.2 billion of the global population would cross the age of 60 by 2050. Consumption of carotenoids helps prevent age-related ailments such as diabetes and cardiac arrest. Advantages offered by carotenoids to the geriatric population are anticipated to boost the carotenoids industry in the near future.

Carotenoids Market

Market Introduction

Carotenoids are generally found in plants, algae, and also in some animal species. Carotenoids provide bright yellow, red, and orange color and are majorly used as food coloring agents. They also offer health benefits and can be used as a preventive measure against ailments such as arthritis, diabetes, heart disease, obesity, and cancer. However, of late, governments, and agencies, such as the US Department of Agriculture (USDA), are recommending them due to their antioxidant properties, which help prevent ocular diseases and keep the heart and liver healthy.

Carotenoids help reduce obesity and lower the risks of fatty liver. Other advantages include lowering sugar levels in blood, improving liver fibrosis (in case of those suffering from cirrhosis of liver), reducing risk of heart-related ailments, and formation of erythema, along with lowering glycated hemoglobin.

The high cost of extraction and preservation of integrity of natural carotenoids is a key challenge for manufacturers worldwide. Furthermore, achieving uniformity in color and stability from natural sources is difficult due to variations in climatic conditions and soil composition. These factors are anticipated to impact the carotenoids market outlook during the forecast period.

Excess intake of synthetic carotenoids can pose health risks, which is estimated to hamper market progress in the near future. Moreover, stringent regulations across various regions regarding quality and effectiveness of their products impose strain on manufacturers, thereby hampering the carotenoids market progress.

Increase in Demand for Natural Colorants and Nutritional Supplements Propelling Carotenoids Market Demand

Rise in demand for functional foods, such as fortified foods and carotenoid-based supplements, among consumers, owing to their health benefits is primarily driving market development. Innovation in the food industry is prompting the exploration of new applications of carotenoids. Moreover, increasing stringency of regulations regarding usage of synthetic ingredients in food color is further boosting the extraction of lycopene from tomatoes and beta carotene from carrots to render a wide spectrum of colors. Furthermore, growing awareness among consumers about the use of natural colors derived from food is a key factor that is expected to boost the carotenoids market value during the forecast period.

In the personal care sector, carotenoids are preferred to synthetic tetraterpenoids. In August 2020, Peach & Lily tabled an eye cream called ‘Pure Peach Retinoic Eye Cream’ containing beta-carotene. Lucas Meyers Cosmetics has stated that tomatoes contain naturally occurring colorless carotenoids that could be used in manufacture of natural cosmetics products. Therefore, rising preference for naturally derived colorants is driving the carotenoids market revenue.

Technology Advancements in Extraction Techniques Fueling Carotenoids Market Revenue

Diverse and beneficial applications of carotenoids in food, feed, pharmaceutical, and cosmetic industries has emphasized the optimization of extraction methods. Leading players in the market have been focusing on the development of improved extraction methods for carotenoids for the last few years. However, various barriers, both physical and chemical, present in the food matrix prevent the mass transfer of carotenoids during extraction.

Various conventional and nonconventional methods used for the extraction of carotenoids, including ultrasound-assisted extraction (UAE), pressurized liquid extraction (PLE), and supercritical fluid extraction (SFE) are being developed to cater to the demand for carotenoids. Moreover, non-toxic and environmentally safe solvents are also being employed for carotenoid extraction. These advances are anticipated to fuel the carotenoids market during the forecast period.

Regional Carotenoids Market Forecast

Europe held the largest carotenoids industry share in 2022 due to the well-established cosmetics industry in the region. The presence of a significant animal feed sector is another factor boosting the market size in Europe. In the food & beverages sector, carotenoids are amongst the most sought-after food coloring agents in Europe. As per the European Commission, researchers in Spain have developed a system to produce lutein from green algae Murieollopsis for use in pharmaceuticals. They claim that this newly devised lutein is capable of protecting consumers against macular degeneration and cataracts.

Demand for carotenoids vitamins in Asia Pacific is expected to grow at a rapid pace during the forecast period due to rising awareness about the benefits of carotenoids among consumers in China and Japan. North America holds a significant carotenoids market share due to the healthcare personnel in the U.S. recommending carotenoids for lowering risk of heart diseases, lung cancer, and skin problems.

Analysis of Key Players

The global carotenoids business is moderately fragmented, with a few players accounting for major market share. Leading manufacturers are following the latest carotenoid market trends and entering into collaborations, contractual agreements, and mergers & acquisitions to consolidate their presence across the globe. A few prominent companies operating in the global market include BASF SE, Koninklijke DSM, Kemin Industries, Cynotech Corporation, Naturex S.A., Chr. Hansen Holdings A/S, D.D. Williamson & Co., Inc., FMC Corporation, CP Kelco, and Brenntag GmbH.

Key Developments

  • In August 2023, Divi’s unleashed its cutting-edge Novel Application innovations at FI South America 2023
  • In June 2023, Divi’s Nutraceuticals introduced AstaBead at IFT First 2023, as a by-product of partnership with Algalif in 2022
  • In November 2022, DSM announced collaboration with LBB Specialties to distribute dietary supplements in North America

Global Carotenoids Market Snapshot

Attribute Detail
Market Value in 2022 (Base Year) US$ 6.2 Bn
Market Forecast Value in 2031 US$ 9.0 Bn
Growth Rate (CAGR) 4.5%
Forecast Period 2023-2031
Quantitative Units US$ Bn for Value
Market Analysis Qualitative analysis includes drivers, restraints, opportunities, key trends, key market indicators, Porter’s Five Forces analysis, value chain analysis, and SWOT analysis. Furthermore, at the regional level, the qualitative analysis includes key trends, price trends, and key supplier analysis.
Competition Landscape
  • Prominent Players – Competition Dashboard and Revenue Share Analysis, 2022
  • Company Profiles (Details – Company Overview, Sales Area/Geographical Presence, Revenue, Strategy & Business Overview)
Regions Covered
  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa (MEA)
Market Segmentation
  • Type
    • Beta-Carotene
    • Astaxanthin
    • Lutein
    • Canthaxanthin
    • Lycopene
    • Lutein
  • End-use
    • Food
    • Aquaculture Feed
    • Poultry Feed
    • Pet Food
    • Dietary Supplements
    • Pharmaceuticals
    • Cosmetics
  • Source
    • Fruits & Vegetables
    • Algae & Fungi
    • Synthetic
Companies Profiled
  • BASF SE
  • Koninklijke DSM
  • Kemin Industries
  • Cynotech Corporation
  • Naturex S.A.
  • Chr. Hansen Holdings A/S
  • D.D. Williamson & Co., Inc.
  • FMC Corporation
  • CP Kelco
  • Brenntag GmbH
  • Others
Scope for Customization Available upon Request
Pricing Available upon Request

Frequently Asked Questions

How big was the carotenoids market in 2022?

It was valued at US$ 6.2 Bn in 2022

How is carotenoids business expected to grow during the forecast period?

It is projected to grow at a CAGR of 4.5% from 2023 to 2031

What are the key factors driving the demand for carotenoids?

Increase in demand for natural colorants and nutritional supplements and technology advancements in extraction techniques

Which carotenoids segment held largest share in 2022?

In terms of end-use, the food segment held largest share in 2022

Which region is expected to dominate the carotenoids industry?

Europe is estimated to dominate in the next few years

Who are the key carotenoids manufacturers?

BASF SE, Koninklijke DSM, Kemin Industries, Cynotech Corporation, Naturex S.A., Chr. Hansen Holdings A/S, D.D. Williamson & Co., Inc., FMC Corporation, CP Kelco, Brenntag GmbH

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Key Market Trends

    3.1. Key Trends Impacting the Market

        3.1.1. Organic and Natural Food Ingredients Remain a Top Priority Among Consumers

        3.1.2. Increasing Incidences of Eye Diseases and Cancer to Enhance Carotenoid Consumption

        3.1.3. Others

    3.2. Product Innovation / Development Trends

4. Key Success Factors

    4.1. Product Adoption / Usage Analysis

    4.2. Product USPs / Features

5. Global Carotenoids Market Demand Analysis 2018-2022 and Forecast, 2023-2031

    5.1. Historical Market Volume (Tons) Analysis, 2018-2022

    5.2. Current and Future Market Volume (Tons) Projections, 2023-2031

6. Global Carotenoids Market - Pricing Analysis

    6.1. Regional Pricing Analysis

    6.2. Global Average Pricing Analysis Benchmark

7. Global Carotenoids Market Demand (in Value or Size in US$ Mn) Analysis 2018-2022 and Forecast, 2023-2031

    7.1. Historical Market Value (US$ Mn) Analysis, 2018-2022

    7.2. Current and Future Market Value (US$ Mn) Projections, 2023-2031

        7.2.1. Y-o-Y Growth Trend Analysis

        7.2.2. Absolute $ Opportunity Analysis

8. Market Background

    8.1. Macro-Economic Factors

    8.2. Global Food & Beverage Industry Outlook

    8.3. Global Pharmaceutical Industry Overview

    8.4. Global Cosmetic & Personal Care Industry Overview

    8.5. Global Dietary Supplements Outlook

    8.6. Industry Value and Supply Chain Analysis

        8.6.1. Profit Margin Analysis at each point of sales

            8.6.1.1. Carotenoids Processors

            8.6.1.2. Distributors/Suppliers/Wholesalers

            8.6.1.3. Traders/Retailers

            8.6.1.4. End-Users

    8.7. Market Dynamics

        8.7.1. Drivers

        8.7.2. Restraints

        8.7.3. Opportunity Analysis

    8.8. Forecast Factors - Relevance & Impact

9. Global Carotenoids Market Analysis 2018-2022 and Forecast 2023-2031, By Source

    9.1. Introduction / Key Findings

    9.2. Historical Future Market Size (US$ Mn) and Volume Analysis By Source, 2018-2022

    9.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Source, 2023-2031

        9.3.1. Fruits & Vegetables

        9.3.2. Algae & Fungi

        9.3.3. Synthetic

    9.4. Market Attractiveness Analysis By Source

10. Global Carotenoids Market Analysis 2018-2022 and Forecast 2023-2031, By Type

    10.1. Introduction / Key Findings

    10.2. Historical Future Market Size (US$ Mn) and Volume Analysis By Type, 2018-2022

    10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Type, 2023-2031

        10.3.1. Beta-Carotene

        10.3.2. Astaxanthin

        10.3.3. Lutein

        10.3.4. Canthaxanthin

        10.3.5. Lycopene

        10.3.6. Others

    10.4. Market Attractiveness Analysis By Type

11. Global Carotenoids Market Analysis 2018-2022 and Forecast 2023-2031, By End Use

    11.1. Introduction / Key Findings

    11.2. Historical Future Market Size (US$ Mn) Analysis By End Use, 2018-2022

    11.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By End Use, 2023-2031

        11.3.1. Food

        11.3.2. Aquaculture Feed

        11.3.3. Poultry Feed

        11.3.4. Pet Food

        11.3.5. Dietary Supplements

        11.3.6. Pharmaceuticals

        11.3.7. Cosmetic & Personal Care

    11.4. Market Attractiveness Analysis By End Use

12. Global Carotenoids Market Analysis 2018-2022 and Forecast 2023-2031, By Region

    12.1. Introduction

    12.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2018-2022

    12.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Region, 2023-2031

        12.3.1. North America

        12.3.2. Latin America

        12.3.3. Western Europe

        12.3.4. Eastern Europe

        12.3.5. East Asia

        12.3.6. South Asia

        12.3.7. Oceania

        12.3.8. Middle East and Africa (MEA)

    12.4. Market Attractiveness Analysis By Region

13. North America Carotenoids Market Analysis 2018-2022 and Forecast 2023-2031

    13.1. Introduction

    13.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018-2022

    13.3. Current and Future Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2023-2031

        13.3.1. By Country

            13.3.1.1. U.S.

            13.3.1.2. Canada

            13.3.1.3. Mexico

        13.3.2. By Source

        13.3.3. By Type

        13.3.4. By End Use

    13.4. Market Attractiveness Analysis

        13.4.1. By Country

        13.4.2. By Source

        13.4.3. By Type

        13.4.4. By End Use

    13.5. Drivers and Restraints - Impact Analysis

14. Latin America Carotenoids Market Analysis 2018-2022 and Forecast 2023-2031

    14.1. Introduction

    14.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018-2022

    14.3. Current and Future Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2023-2031

        14.3.1. By Country

            14.3.1.1. Brazil

            14.3.1.2. Argentina

            14.3.1.3. Rest of Latin America

        14.3.2. By Source

        14.3.3. By Type

        14.3.4. By End Use

    14.4. Market Attractiveness Analysis

        14.4.1. By Country

        14.4.2. By Type

        14.4.3. By Source

        14.4.4. By End Use

    14.5. Drivers and Restraints - Impact Analysis

15. Western Europe Carotenoids Market Analysis 2018-2022 and Forecast 2023-2031

    15.1. Introduction

    15.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018-2022

    15.3. Current and Future Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2023-2031

        15.3.1. By Country

            15.3.1.1. Germany

            15.3.1.2. U.K.

            15.3.1.3. France

            15.3.1.4. Italy

            15.3.1.5. Spain

            15.3.1.6. BENELUX

            15.3.1.7. Nordic

            15.3.1.8. Rest of Western Europe

        15.3.2. By Source

        15.3.3. By Type

        15.3.4. By End Use

    15.4. Market Attractiveness Analysis

        15.4.1. By Country

        15.4.2. By Source

        15.4.3. By Type

        15.4.4. By End Use

    15.5. Drivers and Restraints - Impact Analysis

16. Eastern Europe Carotenoids Market Analysis 2018-2022 and Forecast 2023-2031

    16.1. Introduction

    16.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018-2022

    16.3. Current and Future Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2023-2031

        16.3.1. By Country

            16.3.1.1. Russia

            16.3.1.2. Poland

            16.3.1.3. Hungary

            16.3.1.4. Balkan & Baltics

            16.3.1.5. Rest of Eastern Europe

        16.3.2. By Source

        16.3.3. By Type

        16.3.4. By End Use

    16.4. Market Attractiveness Analysis

        16.4.1. By Country

        16.4.2. By Source

        16.4.3. By Type

        16.4.4. By End Use

    16.5. Drivers and Restraints - Impact Analysis

17. South Asia Carotenoids Market Analysis 2018-2022 and Forecast 2023-2031

    17.1. Introduction

    17.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018-2022

    17.3. Current and Future Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2023-2031

        17.3.1. By Country

            17.3.1.1. India

            17.3.1.2. Thailand

            17.3.1.3. Indonesia

            17.3.1.4. Malaysia

            17.3.1.5. Rest of South Asia

        17.3.2. By Source

        17.3.3. By Type

        17.3.4. By End Use

    17.4. Market Attractiveness Analysis

        17.4.1. By Country

        17.4.2. By Source

        17.4.3. By Type

        17.4.4. By End Use

    17.5. Drivers and Restraints - Impact Analysis

18. East Asia Carotenoids Market Analysis 2018-2022 and Forecast 2023-2031

    18.1. Introduction

    18.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018-2022

    18.3. Current and Future Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2023-2031

        18.3.1. By Country

            18.3.1.1. China

            18.3.1.2. Japan

            18.3.1.3. South Korea

        18.3.2. By Source

        18.3.3. By Type

        18.3.4. By End Use

    18.4. Market Attractiveness Analysis

        18.4.1. By Source

        18.4.2. By Type

        18.4.3. By End Use

    18.5. Drivers and Restraints - Impact Analysis

19. Oceania Carotenoids Market Analysis 2018-2022 and Forecast 2023-2031

    19.1. Introduction

    19.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018-2022

    19.3. Current and Future Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2023-2031

        19.3.1. By Country

            19.3.1.1. Australia

            19.3.1.2. New Zealand

        19.3.2. By Source

        19.3.3. By Type

        19.3.4. By End Use

    19.4. Market Attractiveness Analysis

        19.4.1. By Country

        19.4.2. By Source

        19.4.3. By Type

        19.4.4. By End Use

    19.5. Drivers and Restraints - Impact Analysis

20. Middle East and Africa Carotenoids Market Analysis 2018-2022 and Forecast 2023-2031

    20.1. Introduction

    20.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018-2022

    20.3. Current and Future Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2023-2031

        20.3.1. By Country

            20.3.1.1. KSA

            20.3.1.2. Other GCC Countries

            20.3.1.3. Turkiye

            20.3.1.4. South Africa

            20.3.1.5. Other Africa Union

            20.3.1.6. Rest of Middle East and Africa

        20.3.2. By Source

        20.3.3. By Type

        20.3.4. By End Use

    20.4. Market Attractiveness Analysis

        20.4.1. By Country

        20.4.2. By Source

        20.4.3. By Type

        20.4.4. By End Use

    20.5. Drivers and Restraints - Impact Analysis

21. Country Wise Carotenoids Market Analysis, 2022

    21.1. Introduction

        21.1.1. Market Value Proportion Analysis, By Key Countries

        21.1.2. Global Vs. Country Growth Comparison

    21.2. U.S. Carotenoids Market Analysis

        21.2.1. By Source

        21.2.2. By Type

        21.2.3. By End Use

    21.3. Canada Carotenoids Market Analysis

        21.3.1. By Source

        21.3.2. By Type

        21.3.3. By End Use

    21.4. Brazil Carotenoids Market Analysis

        21.4.1. By Source

        21.4.2. By Type

        21.4.3. By End Use

    21.5. Mexico Carotenoids Market Analysis

        21.5.1. By Source

        21.5.2. By Type

        21.5.3. By End Use

    21.6. Argentina Carotenoids Market Analysis

        21.6.1. By Source

        21.6.2. By Type

        21.6.3. By End Use

    21.7. Germany Carotenoids Market Analysis

        21.7.1. By Source

        21.7.2. By Type

        21.7.3. By End Use

    21.8. Italy Carotenoids Market Analysis

        21.8.1. By Source

        21.8.2. By Type

        21.8.3. By End Use

    21.9. France Carotenoids Market Analysis

        21.9.1. By Source

        21.9.2. By Type

        21.9.3. By End Use

    21.10. U.K. Carotenoids Market Analysis

        21.10.1. By Source

        21.10.2. By Type

        21.10.3. By End Use

    21.11. Spain Carotenoids Market Analysis

        21.11.1. By Source

        21.11.2. By Type

        21.11.3. By End Use

    21.12. Russia Carotenoids Market Analysis

        21.12.1. By Source

        21.12.2. By Type

        21.12.3. By End Use

    21.13. Poland Carotenoids Market Analysis

        21.13.1. By Source

        21.13.2. By Type

        21.13.3. By End Use

    21.14. Hungary Carotenoids Market Analysis

        21.14.1. By Source

        21.14.2. By Type

        21.14.3. By End Use

    21.15. Balkan & Baltics Carotenoids Market Analysis

        21.15.1. By Source

        21.15.2. By Type

        21.15.3. By End Use

    21.16. China Carotenoids Market Analysis

        21.16.1. By Source

        21.16.2. By Type

        21.16.3. By End Use

    21.17. Japan Carotenoids Market Analysis

        21.17.1. By Source

        21.17.2. By Type

        21.17.3. By End Use

    21.18. South Korea Carotenoids Market Analysis

        21.18.1. By Source

        21.18.2. By Type

        21.18.3. By End Use

    21.19. India Carotenoids Market Analysis

        21.19.1. By Source

        21.19.2. By Type

        21.19.3. By End Use

    21.20. Thailand Carotenoids Market Analysis

        21.20.1. By Source

        21.20.2. By Type

        21.20.3. By End Use

    21.21. Indonesia Carotenoids Market Analysis

        21.21.1. By Source

        21.21.2. By Type

        21.21.3. By End Use

    21.22. Malaysia Carotenoids Market Analysis

        21.22.1. By Source

        21.22.2. By Type

        21.22.3. By End Use

    21.23. Australia Carotenoids Market Analysis

        21.23.1. By Source

        21.23.2. By Type

        21.23.3. By End Use

    21.24. New Zealand Carotenoids Market Analysis

        21.24.1. By Source

        21.24.2. By Type

        21.24.3. By End Use

    21.25. KSA Carotenoids Market Analysis

        21.25.1. By Source

        21.25.2. By Type

        21.25.3. By End Use

    21.26. Turkiye Carotenoids Market Analysis

        21.26.1. By Source

        21.26.2. By Type

        21.26.3. By End Use

    21.27. South Africa Carotenoids Market Analysis

        21.27.1. By Source

        21.27.2. By Type

        21.27.3. By End Use

22. Market Structure Analysis

    22.1. Market Analysis By Tier of Companies

    22.2. Market Concentration

    22.3. Market Presence Analysis

23. Competition Analysis

    23.1. Competition Dashboard

    23.2. Competition Deep Dive

        23.2.1. BASF SE

            23.2.1.1. Overview

            23.2.1.2. Product Portfolio

            23.2.1.3. Sales Footprint

            23.2.1.4. Key Developments/Key Takeaways

            23.2.1.5. Strategy Overview

        23.2.2. Koninklijke DSM

            23.2.2.1. Overview

            23.2.2.2. Product Portfolio

            23.2.2.3. Sales Footprint

            23.2.2.4. Key Developments/Key Takeaways

            23.2.2.5. Strategy Overview

        23.2.3. Kemin Industries

            23.2.3.1. Overview

            23.2.3.2. Product Portfolio

            23.2.3.3. Sales Footprint

            23.2.3.4. Key Developments/Key Takeaways

            23.2.3.5. Strategy Overview

        23.2.4. Cynotech Corporation

            23.2.4.1. Overview

            23.2.4.2. Product Portfolio

            23.2.4.3. Sales Footprint

            23.2.4.4. Key Developments/Key Takeaways

            23.2.4.5. Strategy Overview

        23.2.5. Naturex S.A.

            23.2.5.1. Overview

            23.2.5.2. Product Portfolio

            23.2.5.3. Sales Footprint

            23.2.5.4. Key Developments/Key Takeaways

            23.2.5.5. Strategy Overview

        23.2.6. Chr. Hansen Holdings A/S

            23.2.6.1. Overview

            23.2.6.2. Product Portfolio

            23.2.6.3. Sales Footprint

            23.2.6.4. Key Developments/Key Takeaways

            23.2.6.5. Strategy Overview

        23.2.7. FMC Corporation

            23.2.7.1. Overview

            23.2.7.2. Product Portfolio

            23.2.7.3. Sales Footprint

            23.2.7.4. Key Developments/Key Takeaways

            23.2.7.5. Strategy Overview

        23.2.8. D.D. Williamson & Co., Inc.

            23.2.8.1. Overview

            23.2.8.2. Product Portfolio

            23.2.8.3. Sales Footprint

            23.2.8.4. Key Developments/Key Takeaways

            23.2.8.5. Strategy Overview

        23.2.9. CP Kelco

            23.2.9.1. Overview

            23.2.9.2. Product Portfolio

            23.2.9.3. Sales Footprint

            23.2.9.4. Key Developments/Key Takeaways

            23.2.9.5. Strategy Overview

        23.2.10. Brenntag GmbH

            23.2.10.1. Overview

            23.2.10.2. Product Portfolio

            23.2.10.3. Sales Footprint

            23.2.10.4. Key Developments/Key Takeaways

            23.2.10.5. Strategy Overview

        23.2.11. Others (on additional request)

            23.2.11.1. Overview

            23.2.11.2. Product Portfolio

            23.2.11.3. Sales Footprint

            23.2.11.4. Key Developments/Key Takeaways

            23.2.11.5. Strategy Overview

24. Assumptions and Acronyms Used

25. Research Methodology

List of Tables

Table 01: Global Carotenoids Market Value (US$ Mn) Analysis and Forecast by Source Segment, 2023-2031

Table 02: Global Carotenoids Market Volume (Tons) Analysis and Forecast by Source Segment, 2023-2031

Table 03: Global Carotenoids Market Value (US$ Mn) Analysis and Forecast by Type Segment, 2023-2031

Table 04: Global Carotenoids Market Volume (Tons) Analysis and Forecast by Type Segment, 2023-2031

Table 05: Global Carotenoids Market Value (US$ Mn) Analysis and Forecast by End Use Segment, 2023-2031

Table 06: Global Carotenoids Market Volume (Tons) Analysis and Forecast by End Use Segment, 2023-2031

Table 07: Global Carotenoids Market Value (US$ Mn) Analysis and Forecast by Region, 2023-2031

Table 08: Global Carotenoids Market Volume (Tons) Analysis and Forecast by Region, 2023-2031

Table 09: North America Carotenoids Market Value (US$ Mn) Analysis and Forecast by Source Segment, 2023-2031

Table 10: North America Carotenoids Market Volume (Tons) Analysis and Forecast by Source Segment, 2023-2031

Table 11: North America Carotenoids Market Value (US$ Mn) Analysis and Forecast by Type Segment, 2023-2031

Table 12: North America Carotenoids Market Volume (Tons) Analysis and Forecast by Type Segment, 2023-2031

Table 13: North America Carotenoids Market Value (US$ Mn) Analysis and Forecast by End Use Segment, 2023-2031

Table 14: North America Carotenoids Market Volume (Tons) Analysis and Forecast by End Use Segment, 2023-2031

Table 15: North America Carotenoids Market Value (US$ Mn) Analysis and Forecast by Country, 2023-2031

Table 16: North America Carotenoids Market Volume (Tons) Analysis and Forecast by Country, 2023-2031

Table 17: Latin America Carotenoids Market Value (US$ Mn) Analysis and Forecast by Source Segment, 2023-2031

Table 18: Latin America Carotenoids Market Volume (Tons) Analysis and Forecast by Source Segment, 2023-2031

Table 19: Latin America Carotenoids Market Value (US$ Mn) Analysis and Forecast by Type Segment, 2023-2031

Table 20: Latin America Carotenoids Market Volume (Tons) Analysis and Forecast by Type Segment, 2023-2031

Table 21: Latin America Carotenoids Market Value (US$ Mn) Analysis and Forecast by End Use Segment, 2023-2031

Table 22: Latin America Carotenoids Market Volume (Tons) Analysis and Forecast by End Use Segment, 2023-2031

Table 23: Latin America Carotenoids Market Value (US$ Mn) Analysis and Forecast by Country, 2023-2031

Table 24: Latin America Carotenoids Market Volume (Tons) Analysis and Forecast by Country, 2023-2031

Table 25: Western Europe Carotenoids Market Value (US$ Mn) Analysis and Forecast by Source Segment, 2023-2031

Table 26: Western Europe Carotenoids Market Volume (Tons) Analysis and Forecast by Source Segment, 2023-2031

Table 27: Western Europe Carotenoids Market Value (US$ Mn) Analysis and Forecast by Type Segment, 2023-2031

Table 28: Western Europe Carotenoids Market Volume (Tons) Analysis and Forecast by Type Segment, 2023-2031

Table 29: Western Europe Carotenoids Market Value (US$ Mn) Analysis and Forecast by End Use Segment, 2023-2031

Table 30: Western Europe Carotenoids Market Volume (Tons) Analysis and Forecast by End Use Segment, 2023-2031

Table 31: Western Europe Carotenoids Market Value (US$ US$ Mn) Analysis and Forecast by Country, 2023-2031

Table 32: Western Europe Carotenoids Market Volume (Tons) Analysis and Forecast by Country, 2023-2031

Table 33: Eastern Europe Carotenoids Market Value (US$ Mn) Analysis and Forecast by Source Segment, 2023-2031

Table 34: Eastern Europe Carotenoids Market Volume (Tons) Analysis and Forecast by Source Segment, 2023-2031

Table 35: Eastern Europe Carotenoids Market Value (US$ Mn) Analysis and Forecast by Type Segment, 2023-2031

Table 36: Eastern Europe Carotenoids Market Volume (Tons) Analysis and Forecast by Type Segment, 2023-2031

Table 37: Eastern Europe Carotenoids Market Value (US$ Mn) Analysis and Forecast by End Use Segment, 2023-2031

Table 38: Eastern Europe Carotenoids Market Volume (Tons) Analysis and Forecast by End Use Segment, 2023-2031

Table 39: Eastern Europe Carotenoids Market Value (US$ US$ Mn) Analysis and Forecast by Country, 2023-2031

Table 40: Eastern Europe Carotenoids Market Volume (Tons) Analysis and Forecast by Country, 2023-2031

Table 41: South Asia Carotenoids Market Value (US$ Mn) Analysis and Forecast by Source Segment, 2023-2031

Table 42: South Asia Carotenoids Market Volume (Tons) Analysis and Forecast by Source Segment, 2023-2031

Table 43: South Asia Carotenoids Market Value (US$ Mn) Analysis and Forecast by Type Segment, 2023-2031

Table 44: South Asia Carotenoids Market Volume (Tons) Analysis and Forecast by Type Segment, 2023-2031

Table 45: South Asia Carotenoids Market Value (US$ Mn) Analysis and Forecast by End Use Segment, 2023-2031

Table 46: South Asia Carotenoids Market Volume (Tons) Analysis and Forecast by End Use Segment, 2023-2031

Table 47: South Asia Carotenoids Market Value (US$ Mn) Analysis and Forecast by Country, 2023-2031

Table 48: South Asia Carotenoids Market Volume (Tons) Analysis and Forecast by Country, 2023-2031

Table 49: East Asia Carotenoids Market Value (US$ Mn) Analysis and Forecast by Source Segment, 2023-2031

Table 50: East Asia Carotenoids Market Volume (Tons) Analysis and Forecast by Source Segment, 2023-2031

Table 51: East Asia Carotenoids Market Value (US$ Mn) Analysis and Forecast by Type Segment, 2023-2031

Table 52: East Asia Carotenoids Market Volume (Tons) Analysis and Forecast by Type Segment, 2023-2031

Table 53: East Asia Carotenoids Market Value (US$ Mn) Analysis and Forecast by End Use Segment, 2023-2031

Table 54: East Asia Carotenoids Market Volume (Tons) Analysis and Forecast by End Use Segment, 2023-2031

Table 55: East Asia Carotenoids Market Value (US$ Mn) Analysis and Forecast by Country, 2023-2031

Table 56: East Asia Carotenoids Market Volume (Tons) Analysis and Forecast by Country, 2023-2031

Table 57: Oceania Carotenoids Market Value (US$ Mn) Analysis and Forecast by Source Segment, 2023-2031

Table 58: Oceania Carotenoids Market Volume (Tons) Analysis and Forecast by Source Segment, 2023-2031

Table 59: Oceania Carotenoids Market Value (US$ Mn) Analysis and Forecast by Type Segment, 2023-2031

Table 60: Oceania Carotenoids Market Volume (Tons) Analysis and Forecast by Type Segment, 2023-2031

Table 61: Oceania Carotenoids Market Value (US$ Mn) Analysis and Forecast by End Use Segment, 2023-2031

Table 62: Oceania Carotenoids Market Volume (Tons) Analysis and Forecast by End Use Segment, 2023-2031

Table 63: Oceania Carotenoids Market Value (US$ Mn) Analysis and Forecast by Country, 2023-2031

Table 64: Oceania Carotenoids Market Volume (Tons) Analysis and Forecast by Country, 2023-2031

Table 65: Middle East & Africa Carotenoids Market Value (US$ Mn) Analysis and Forecast by Source Segment, 2023-2031

Table 66: Middle East & Africa Carotenoids Market Volume (Tons) Analysis and Forecast by Source Segment, 2023-2031

Table 67: Middle East & Africa Carotenoids Market Value (US$ Mn) Analysis and Forecast by Type Segment, 2023-2031

Table 68: Middle East & Africa Carotenoids Market Volume (Tons) Analysis and Forecast by Type Segment, 2023-2031

Table 69: Middle East & Africa Carotenoids Market Value (US$ Mn) Analysis and Forecast by End Use Segment, 2023-2031

Table 70: Middle East & Africa Carotenoids Market Volume (Tons) Analysis and Forecast by End Use Segment, 2023-2031

Table 71: Middle East & Africa Carotenoids Market Value (US$ Mn) Analysis and Forecast by Country, 2023-2031

Table 72: Middle East & Africa Carotenoids Market Volume (Tons) Analysis and Forecast by Country, 2023-2031

List of Figures

Figure 01: Global Carotenoids Market Value (US$ Mn) Forecast, 2023-2031

Figure 02: Global Carotenoids Market Volume (Tons) Forecast, 2023-2031

Figure 03: Global Carotenoids Market Value Share Analysis by Source, 2023 E

Figure 04: Global Carotenoids Market Y-o-Y Growth Rate by Source, 2023-2031

Figure 05: Global Carotenoids Market Value (US$ Mn) Analysis & Forecast by Source, 2023-2031

Figure 06: Global Carotenoids Market Volume (Tons) Analysis & Forecast by Source, 2023-2031

Figure 07: Global Carotenoids Market Value Share Analysis by Type, 2023 E

Figure 08: Global Carotenoids Market Y-o-Y Growth Rate by Type, 2023-2031

Figure 09: Global Carotenoids Market Value (US$ Mn) Analysis & Forecast by Type, 2023-2031

Figure 10: Global Carotenoids Market Volume (Tons) Analysis & Forecast by Type, 2023-2031

Figure 11: Global Carotenoids Market Value Share Analysis by End Use, 2023 E

Figure 12: Global Carotenoids Market Y-o-Y Growth Rate by End Use, 2023-2031

Figure 13: Global Carotenoids Market Value (US$ Mn) Analysis & Forecast by End Use, 2023-2031

Figure 14: Global Carotenoids Market Volume (Tons) Analysis & Forecast by End Use, 2023-2031

Figure 15: Global Carotenoids Market Value Share Analysis by Region, 2023 E

Figure 16: Global Carotenoids Market Y-o-Y Growth Rate by Region, 2023-2031

Figure 17: Global Carotenoids Market Value (US$ Mn) Analysis & Forecast by Region, 2023-2031

Figure 18: Global Carotenoids Market Volume (Tons) Analysis & Forecast by Region, 2023-2031

Figure 19: Global Carotenoids Market Attractiveness Analysis by Region, 2023-2031

Figure 20: Global Carotenoids Market Attractiveness Analysis by Source, 2023-2031

Figure 21: Global Carotenoids Market Attractiveness Analysis by Type, 2023-2031

Figure 22: Global Carotenoids Market Attractiveness Analysis by End Use, 2023-2031

Figure 23: North America Carotenoids Market Value (US$ Mn) Analysis & Forecast by Source, 2023-2031

Figure 24: North America Carotenoids Market Volume (Tons) Analysis & Forecast by Source, 2023-2031

Figure 25: North America Carotenoids Market Value (US$ Mn) Analysis & Forecast by Type, 2023-2031

Figure 26: North America Carotenoids Market Volume (Tons) Analysis & Forecast by Type, 2023-2031

Figure 27: North America Carotenoids Market Value (US$ Mn) Analysis & Forecast by End Use, 2023-2031

Figure 28: North America Carotenoids Market Volume (Tons) Analysis & Forecast by End Use, 2023-2031

Figure 29: North America Carotenoids Market Value (US$ Mn) Analysis & Forecast by Country, 2023-2031

Figure 30: North America Carotenoids Market Volume (Tons) Analysis & Forecast by Country, 2023-2031

Figure 31: North America Carotenoids Market Attractiveness Analysis by Country, 2023-2031

Figure 32: North America Carotenoids Market Attractiveness Analysis by Source, 2023-2031

Figure 33: North America Carotenoids Market Attractiveness Analysis by Type, 2023-2031

Figure 34: North America Carotenoids Market Attractiveness Analysis by End Use, 2023-2031

Figure 35: Latin America Carotenoids Market Value (US$ Mn) Analysis & Forecast by Source, 2023-2031

Figure 36: Latin America Carotenoids Market Volume (Tons) Analysis & Forecast by Source, 2023-2031

Figure 37: Latin America Carotenoids Market Value (US$ Mn) Analysis & Forecast by Type, 2023-2031

Figure 38: Latin America Carotenoids Market Volume (Tons) Analysis & Forecast by Type, 2023-2031

Figure 39: Latin America Carotenoids Market Value (US$ Mn) Analysis & Forecast by End Use, 2023-2031

Figure 40: Latin America Carotenoids Market Volume (Tons) Analysis & Forecast by End Use, 2023-2031

Figure 41: Latin America Carotenoids Market Value (US$ Mn) Analysis & Forecast by Country, 2023-2031

Figure 42: Latin America Carotenoids Market Volume (Tons) Analysis & Forecast by Country, 2023-2031

Figure 43: Latin America Carotenoids Market Attractiveness Analysis by Country, 2023-2031

Figure 44: Latin America Carotenoids Market Attractiveness Analysis by Source, 2023-2031

Figure 45: Latin America Carotenoids Market Attractiveness Analysis by Type, 2023-2031

Figure 46: Latin America Carotenoids Market Attractiveness Analysis by End Use, 2023-2031

Figure 47: Western Europe Carotenoids Market Value (US$ Mn) Analysis & Forecast by Source, 2023-2031

Figure 48: Western Europe Carotenoids Market Volume (Tons) Analysis & Forecast by Source, 2023-2031

Figure 49: Western Europe Carotenoids Market Value (US$ Mn) Analysis & Forecast by Type, 2023-2031

Figure 50: Western Europe Carotenoids Market Volume (Tons) Analysis & Forecast by Type, 2023-2031

Figure 51: Western Europe Carotenoids Market Value (US$ Mn) Analysis & Forecast by End Use, 2023-2031

Figure 52: Western Europe Carotenoids Market Volume (Tons) Analysis & Forecast by End Use, 2023-2031

Figure 53: Western Europe Carotenoids Market Value (US$ Mn) Analysis & Forecast by Country, 2023-2031

Figure 54: Western Europe Carotenoids Market Volume (Tons) Analysis & Forecast by Country, 2023-2031

Figure 55: Western Europe Carotenoids Market Attractiveness Analysis by Country, 2023-2031

Figure 56: Western Europe Carotenoids Market Attractiveness Analysis by Source, 2023-2031

Figure 57: Western Europe Carotenoids Market Attractiveness Analysis by Type, 2023-2031

Figure 58: Western Europe Carotenoids Market Attractiveness Analysis by End Use, 2023-2031

Figure 59: Eastern Europe Carotenoids Market Value (US$ Mn) Analysis & Forecast by Source, 2023-2031

Figure 60: Europe Carotenoids Market Volume (Tons) Analysis & Forecast by Source, 2023-2031

Figure 61: Eastern Europe Carotenoids Market Value (US$ Mn) Analysis & Forecast by Type, 2023-2031

Figure 62: Eastern Europe Carotenoids Market Volume (Tons) Analysis & Forecast by Type, 2023-2031

Figure 63: Eastern Europe Carotenoids Market Value (US$ Mn) Analysis & Forecast by End Use, 2023-2031

Figure 64: Eastern Europe Carotenoids Market Volume (Tons) Analysis & Forecast by End Use, 2023-2031

Figure 65: Eastern Europe Carotenoids Market Value (US$ Mn) Analysis & Forecast by Country, 2023-2031

Figure 66: Eastern Europe Carotenoids Market Volume (Tons) Analysis & Forecast by Country, 2023-2031

Figure 67: Eastern Europe Carotenoids Market Attractiveness Analysis by Country, 2023-2031

Figure 68: Eastern Europe Carotenoids Market Attractiveness Analysis by Source, 2023-2031

Figure 69: Eastern Europe Carotenoids Market Attractiveness Analysis by Type, 2023-2031

Figure 70: Eastern Europe Carotenoids Market Attractiveness Analysis by End Use, 2023-2031

Figure 71: South Asia Carotenoids Market Value (US$ Mn) Analysis & Forecast by Source, 2023-2031

Figure 72: South Asia Carotenoids Market Volume (Tons) Analysis & Forecast by Source, 2023-2031

Figure 73: South Asia Carotenoids Market Value (US$ Mn) Analysis & Forecast by Type, 2023-2031

Figure 74: South Asia Carotenoids Market Volume (Tons) Analysis & Forecast by Type, 2023-2031

Figure 75: South Asia Carotenoids Market Value (US$ Mn) Analysis & Forecast by End Use, 2023-2031

Figure 76: South Asia Carotenoids Market Volume (Tons) Analysis & Forecast by End Use, 2023-2031

Figure 77: South Asia Carotenoids Market Value (US$ Mn) Analysis & Forecast by Country, 2023-2031

Figure 78: South Asia Carotenoids Market Volume (Tons) Analysis & Forecast by Country, 2023-2031

Figure 79: South Asia Carotenoids Market Attractiveness Analysis by Country, 2023-2031

Figure 80: South Asia Carotenoids Market Attractiveness Analysis by Source, 2023-2031

Figure 81: South Asia Carotenoids Market Attractiveness Analysis by Type, 2023-2031

Figure 82: South Asia Carotenoids Market Attractiveness Analysis by End Use, 2023-2031

Figure 83: East Asia Carotenoids Market Value (US$ Mn) Analysis & Forecast by Source, 2023-2031

Figure 84: East Asia Carotenoids Market Volume (Tons) Analysis & Forecast by Source, 2023-2031

Figure 85: East Asia Carotenoids Market Value (US$ Mn) Analysis & Forecast by Type, 2023-2031

Figure 86: East Asia Carotenoids Market Volume (Tons) Analysis & Forecast by Type, 2023-2031

Figure 87: East Asia Carotenoids Market Value (US$ Mn) Analysis & Forecast by End Use, 2023-2031

Figure 88: East Asia Carotenoids Market Volume (Tons) Analysis & Forecast by End Use, 2023-2031

Figure 89: East Asia Carotenoids Market Value (US$ Mn) Analysis & Forecast by Country, 2023-2031

Figure 90: East Asia Carotenoids Market Volume (Tons) Analysis & Forecast by Country, 2023-2031

Figure 91: East Asia Carotenoids Market Attractiveness Analysis by Country, 2023-2031

Figure 92: East Asia Carotenoids Market Attractiveness Analysis by Source, 2023-2031

Figure 93: East Asia Carotenoids Market Attractiveness Analysis by Type, 2023-2031

Figure 94: East Asia Carotenoids Market Attractiveness Analysis by End Use, 2023-2031

Figure 95: Oceania Carotenoids Market Value (US$ Mn) Analysis & Forecast by Source, 2023-2031

Figure 96: Oceania Carotenoids Market Volume (Tons) Analysis & Forecast by Source, 2023-2031

Figure 97: Oceania Carotenoids Market Value (US$ Mn) Analysis & Forecast by Type, 2023-2031

Figure 98: Oceania Carotenoids Market Volume (Tons) Analysis & Forecast by Type, 2023-2031

Figure 99: Oceania Carotenoids Market Value (US$ Mn) Analysis & Forecast by End Use, 2023-2031

Figure 100: Oceania Carotenoids Market Volume (Tons) Analysis & Forecast by End Use, 2023-2031

Figure 101: Oceania Carotenoids Market Value (US$ Mn) Analysis & Forecast by Country, 2023-2031

Figure 102: Oceania Carotenoids Market Volume (Tons) Analysis & Forecast by Country, 2023-2031

Figure 103: Oceania Carotenoids Market Attractiveness Analysis by Country, 2023-2031

Figure 104: Oceania Carotenoids Market Attractiveness Analysis by Source, 2023-2031

Figure 105: Oceania Carotenoids Market Attractiveness Analysis by Type, 2023-2031

Figure 106: Oceania Carotenoids Market Attractiveness Analysis by End Use, 2023-2031

Figure 107: Middle East & Africa Carotenoids Market Value (US$ Mn) Analysis & Forecast by Source, 2023-2031

Figure 108: Middle East & Africa Carotenoids Market Volume (Tons) Analysis & Forecast by Source, 2023-2031

Figure 109: Middle East & Africa Carotenoids Market Value (US$ Mn) Analysis & Forecast by Type, 2023-2031

Figure 110: Middle East & Africa Carotenoids Market Volume (Tons) Analysis & Forecast by Type, 2023-2031

Figure 111: Middle East & Africa Carotenoids Market Value (US$ Mn) Analysis & Forecast by End Use, 2023-2031

Figure 112: Middle East & Africa Carotenoids Market Volume (Tons) Analysis & Forecast by End Use, 2023-2031

Figure 113: Middle East & Africa Carotenoids Market Value (US$ Mn) Analysis & Forecast by Country, 2023-2031

Figure 114: Middle East & Africa Carotenoids Market Volume (Tons) Analysis & Forecast by Country, 2023-2031

Figure 115: Middle East & Africa Carotenoids Market Attractiveness Analysis by Country, 2023-2031

Figure 116: Middle East & Africa Carotenoids Market Attractiveness Analysis by Source, 2023-2031

Figure 117: Middle East & Africa Carotenoids Market Attractiveness Analysis by Type, 2023-2031

Figure 118: Middle East & Africa Carotenoids Market Attractiveness Analysis by End Use, 2023-2031

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