Leading Growth Driver in the Carotenoids Market in 2025: Rise In Demand For Health Supplements Boosts Carotenoids Market Driver's Influence

What Are the Market Size and Growth Forecast for the Carotenoids Market?
The carotenoids market has shown steady growth in recent years. It is expected to grow from $1.9 billion in 2024 to $2 billion in 2025, with a CAGR of 5.1%. This growth is driven by growing health awareness, rising demand in the food and beverage industry, the expanding nutraceutical market, the increasing use of carotenoids in animal feed, and government regulations promoting natural ingredients.

The carotenoids market is anticipated to grow to $2.44 billion by 2029, at a CAGR of 5.0%. This growth is fueled by a greater emphasis on sustainable sourcing, the continued expansion of functional foods and beverages, increasing pharmaceutical applications, the rising demand for natural colorants, and the growing popularity of personal care products. Significant trends include advancements in extraction technologies, market expansion in developing regions, growing demand for fortified foods, and heightened awareness of health benefits.

What Is Contributing to the Growth of the Carotenoids Market?
The rise in demand for health supplements is expected to drive the growth of the carotenoids market. Carotenoids are used in health supplements due to their antioxidant properties and benefits in preventing conditions like age-related macular degeneration (AMD). As consumer interest in organic and health-conscious products grows, the demand for carotenoids in health supplements is expected to rise.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=13243&type=smp

Which Key Market Leaders Are Driving Carotenoids Industry Growth?
Major companies operating in the carotenoids market report are BASF SE, F. Hoffmann-La Roche AG, Novo Nordisk, Koninklijke DSM N.V., Givaudan, FMC Corporation, Sun Pharmaceutical Industries Ltd., Dohler Group, Cipla Limited, Chr. Hansen Holding A/S, Brenntag North America Inc., Zhejiang Medicine Co. Ltd., Divis Laboratories Ltd., Zhejiang NHU Co. Ltd., Kemin Industries Inc., Naturex SA, E.I.D. Parry Limited, Novus International Inc., LycoRed Corp., Beijing Gingko Group, Cyanotech Corporation, ExcelVite Sdn. Bhd., Fuji Chemical Industry Co Ltd., Allied Biotech Corporation, Sensient Colors LLC, Vinayak Ingredients India Pvt. Ltd., Bio Extracts Ltd., Algatechnologies Ltd., Valensa International LLC, Nutralliance Inc.

What Are the Emerging Trends in the Carotenoids Industry?
In the carotenoids market, companies are focusing on developing advanced production technologies to boost profitability. These technologies improve efficiency, productivity, and sustainability in carotenoid production. For instance, in March 2023, NovoNutrients, a US-based biotechnology company, introduced a more efficient and eco-friendly carotenoid production technology. This scalable innovation aims to reduce the environmental impact of production, making carotenoids more affordable and accessible to meet rising global demand.

What Are the Main Segments in the Carotenoids Market?
The carotenoids market covered in this report is segmented -

1) By Type: Astaxanthin, Beta-Carotene, Lutein, Lycopene, Canthaxanthin, Zeaxanthin, Other Types
2) By Source: Natural, Synthetic
3) By Form: Beadlets, Powder, Liquid, Gel, Other Forms
4) By Application: Feed, Food And beverages, Dietary Supplements, Cosmetics, Pharmaceuticals

Subsegments:
1) By Astaxanthin: Natural Astaxanthin, Synthetic Astaxanthin
2) By Beta-Carotene: Natural Beta-Carotene, Synthetic Beta-Carotene
3) By Lutein: Lutein Esters, Free Lutein
4) By Lycopene: Natural Lycopene, Synthetic Lycopene
5) By Canthaxanthin: Natural Canthaxanthin, Synthetic Canthaxanthin
6) By Zeaxanthin: Zeaxanthin Esters, Free Zeaxanthin
7) By Other Types: Cryptoxanthin, Other Carotenoid Variants

Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/carotenoids-global-market-report

Which Geographic Area Leads the Carotenoids Market?
Europe was the largest region in the carotenoids market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the carotenoids market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

What Is Covered In The Carotenoids Global Market Report?

- Market Size Analysis: Analyze the Carotenoids Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Carotenoids Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Carotenoids Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Carotenoids Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=13243

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.