Global Carotenoids Market Size, Share, Growth Analysis Report - Forecast 2034

Carotenoids are bioactive agents, which are used in dietary supplement manufacturing & cosmetic formulations. In addition, carotenoids are one of the most important classes of pigments, derived from both synthetic & natural sources. Carotenoids are lipid-soluble C-40 tetraterpenoids. Most of the carotenoids are derived from a C-40 (carbon-40) polyene chain, which is considered the backbone of the molecule. Specifically, the usage of beta-carotene, astaxanthin, lycopene, zeaxanthin, lutein, and canthaxanthin has been increasing for pharmaceutical & nutraceutical applications in recent years.

The global carotenoids market is expected to grow due to rising demand for natural food colorants, increasing health awareness, growth in nutraceuticals, and expanding applications in animal feed and cosmetics.

According to a study, the global carotenoids market size was worth around USD 1754.14 Million in 2024 and is expected to reach USD 2596.56 Million by 2034.

The global carotenoids market is expected to grow at a CAGR of 4% during the forecast period.

North America is expected to dominate the carotenoids market over the forecast period.

Leading players in the global carotenoids market include DSM, Allied Biotech Corporation., Sensient Technologies Corporation, BioExtract., Cyanotech Corporation, Kemin Industries, Inc., BASF SE, Döhler GmbH, Divi's Laboratories Limited., Lycored, NHU., among others.

The report explores crucial aspects of the carotenoids market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.