Carotenoids Market Key Manufacturers and Global Industry Analysis by 2032

Natural And Synthetic Carotenoids Market size was valued at USD 1,818.32 Million in 2020 and is projected to reach USD 2,424.24 Million by 2028, growing at a CAGR of 3.95% from 2021 to 2028.

Vitamin A and antioxidants found in carotenoids are abundant and shield the body from cellular damage, chronic illnesses, and ageing. Due to growing health concerns, there will be an increase in the use of this product in dietary supplements, which will fuel market demand. Additional factors driving market development include the rising incidence of diabetes, cancer, eye disorders, and other ophthalmic conditions linked to ageing. Carotenoids are also employed in animal feed and nutrition, as well as to raise their fertility and general immunity. Additionally, increased R&D to produce high-value natural carotenoids will open up new opportunities for market expansion.

Organic pigments called carotenoids give fruits and vegetables their vivid red, yellow, and orange hues. Natural pigments are found in a wide range of plants and animals. It exists naturally in plants, algae, bacteria, and fungi but can also be produced synthetically. And some of the other important natural sources of carotenoids include papaya, pineapple, pumpkin, apricot, carrot, orange and corn. The provitamin A carotenoids alpha, beta, and beta-cryptoxanthin can all be converted into vitamin A in the body.

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protection from skin ageing, Skin ageing (sunlight) is mostly caused by UV exposure. Carotenoids are believed to be stored in your skin and serve as a line of defence against skin damage brought on by UV radiation. protection from skin cancer, Numerous studies have shown that carotenoids can help prevent skin cancer and pre-skin cancers. By encouraging cell differentiation and slowing down cell cycle progression, they achieve this in two separate ways. Keeping apoptosis (cell death) under control can also aid in preventing skin cancer. Carotenoids have the ability to destroy melanoma cells.

Global Carotenoids Market Overview

Alternative therapy approaches are evidence of their significant appeal in addition to allelopathic medications for diabetes, eye issues, and other lifestyle disorders. The term "preventive medicine" has encouraged businesses to create nutraceuticals, or natural-ingredient nutritional supplements and meals. Due to their potent antioxidant properties, carotenes are crucial in geriatric nutrition because they guard against oxidative stress brought on by ageing, pollution, and other reasons. The combination of all of these factors is increasing this market's overall sales.

Because synthetic carotenoids are not found naturally, consumers believe they are less safe. Natural carotenoids can impart unwanted colours to food and are more expensive and less potent than manufactured carotenoids. To guarantee that they are utilised safely in food, synthetic carotenoids are classified as food additives and must be subject to laws, policies, and regulations. Laws governing the safe use and labelling of food additives may be challenging to apply in underdeveloped countries and across international borders. The market for natural and synthetic carotenoids is hampered by the aforementioned problems.

Global Carotenoids Market: Segmentations

Global Carotenoids Market: By Key Players
DSM
BASF
Allied Biotech
Chenguang Biotech
FMC
Dohler
Chr. Hansen
Carotech
DDW
Excelvite
Anhui Wisdom
Tian Yin
Kemin

Global Carotenoids Market: By Types
Astaxanthin
Beta-Carotene
Canthaxanthin
Lycopene
Lutein

Global Carotenoids Market: By Applications
Food
Feed
Pharmaceuticals
Cosmetics

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Global Carotenoids Market: Regional Analysis
The countries covered in the regional analysis of the Global Carotenoids market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Key Benefits:
• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter's Five Force Model and SWOT analysis are used to study the global Carotenoids market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Carotenoids would help in identifying future applications in this market.

Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
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