Carotenoids Market to Reach USD 6.4 B by 2030, Fueled by 4.5% CAGR

◉ Global Carotenoids Market Forecast to Grow from ~USD 4.7 B in 2023 to USD 6.4 B by 2030 at ~4.5% CAGR
According to Maximize Market Research, the global Carotenoids Market was valued at approximately USD 4.7 billion in 2023 and is projected to reach USD 6.4 billion by 2030, with a CAGR of 4.5% from 2024 to 2030. Another forecast estimates growth from USD 1.9 billion in 2024 to USD 3.3 billion by 2034 at 5.8% CAGR

Download your sample copy of this report today! https://www.maximizemarketresearch.com/request-sample/21363/
◉ Market Overview & Key Drivers
Europe is the largest market, holding over 44% share (~USD 0.8 B) as of 2024.

Asia‐Pacific is the fastest-growing region, with demand surging in food & beverage, animal feed, cosmetics, and supplements

Demand is driven by consumer shift toward natural colorants, growing awareness of antioxidant and health benefits, and extensive use in animal feed and nutraceuticals

Market segmentation: synthetic carotenoids hold ~65% share, while natural sources-especially algae-based-are increasingly favored

Product-wise: beta-carotene dominates (~34%), followed by astaxanthin, lutein, lycopene, and zeaxanthin

Format popularity: powder formulations are the preference (~46% share)

Secure your sample copy of this report immediately!https://www.maximizemarketresearch.com/request-sample/21363/
◉ Competitive Landscape
Major corporations leading the market include Koninklijke DSM, BASF SE, Chr. Hansen, Givaudan SA, Döhler Group, Sensient Technologies, Kemin Industries, and Allied Biotech Key strategies include product innovation (microencapsulation of lycopene), capacity expansion, and strong presence in natural pigment sourcing.

◉ Higher Demand Region
Europe (largest, 44%) retains dominance, driven by stringent regulations and clean-label preferences

Asia‐Pacific shows the highest growth (5-6%+ CAGR), fueled by China, Japan, South Korea, Vietnam, Thailand, and India .

North America sees growing use in dietary supplements and cosmetics

◉ COUNTRY‐SPECIFIC INSIGHTS
Vietnam Opportunity Growth
Vietnam is expanding its use of carotenoids in animal feed (e.g., pigments in poultry/aquaculture), functional foods, and cosmetics. With increasing aquaculture output and food-processing capacity, demand for natural beta-carotene and astaxanthin is rising

Thailand Trends Growth
As a leading tropical fruit and cassava exporter, Thailand leverages natural colorants in food & beverage production. Health-conscious consumers are now fueling uptake in supplement and cosmeceutical applications

Japan Consolidation Growth
Japanese manufacturers partner with global leaders like DSM, BASF, and Chr. Hansen to deliver high-quality carotenoids for supplements, foods, and cosmetics-enhancing domestic supply chains .

South Korea Updation Innovation
South Korea leads in clean-label and nutraceutical innovation, introducing microencapsulated lutein and lycopene in dietary supplements and skin-care products

Singapore Benchmarking Opportunity
Singapore serves as a regional hub testing next-gen carotenoid applications in high-end nutraceuticals and cosmeceuticals, with R&D partnerships between DSM and local biotech startups

United States Consolidation Trends
U.S.-based firms like Givaudan, Sensient, and Kemin are consolidating via acquisitions and R&D, addressing demand in animal feed and consumer supplement sectors

Growth in China Trends
China leads Asia-Pacific in carotenoid consumption-driven by large-scale feed production, food processing, and burgeoning nutraceutical and cosmetics markets

Opportunity & Compliance in Europe
Europe's strict regulations (EC 1333/2008, FDA equivalence) and consumer demand for clean-label ingredients bolster growth across food, cosmetics, and feed sectors

To learn more about the findings of this research, please check:https://www.maximizemarketresearch.com/market-report/global-carotenoids-market/21363/
◉Carotenoids Market Segment Analysis
by Type
Astaxanthin
Beta-carotene
Lutein
Lycopene
Canthaxanthin
Zeaxanthin
Other types
Capsanthin
Annatto
Alpha-carotene
Apocarotenal

by Application
Feed
Food & beverages
Dietary supplements
Cosmetics
Pharmaceuticals

by Formulations
Oil suspension
Powder
Beadlet
Emulsion

◉ Key Recent Developments
Nanotechnology advances (e.g., lycopene nanoencapsulation) improve carotenoid stability and bioavailability

Sustainability trends promote algal and plant-derived carotenoids, reducing reliance on synthetic sources

Expansion of applications into pharmaceuticals-eye health, cardiovascular protection, skin anti-aging-fuels demand

Companies invest in R&D for microencapsulated beta-carotene, astaxanthin, and lutein powders to enhance solubility/formulation stability

◉ Get Market Research Latest Trends
Cheese Ingredients Market Applications 306 https://www.maximizemarketresearch.com/market-report/cheese-ingredients-market-applications-306/306/

Global Valine Market https://www.maximizemarketresearch.com/market-report/global-valine-market/97355/

Global Calcium Silicate Market https://www.maximizemarketresearch.com/market-report/global-calcium-silicate-market/104746/

Fruit Pulp Market https://www.maximizemarketresearch.com/market-report/fruit-pulp-market/187615/

Global Adaptogens Market https://www.maximizemarketresearch.com/market-report/adaptogens-market/123228/

Global Buttermilk Powder Market https://www.maximizemarketresearch.com/market-report/global-buttermilk-powder-market/70047/

Global Alpha Lipoic Acid Market https://www.maximizemarketresearch.com/market-report/global-alpha-lipoic-acid-market/110516/

North America Cheese Powder Market https://www.maximizemarketresearch.com/market-report/north-america-cheese-powder-market/114397/

Global Oregano Oleoresin Market https://www.maximizemarketresearch.com/market-report/global-oregano-oleoresin-market/77995/

Middle East and Africa Frozen Food Market https://www.maximizemarketresearch.com/market-report/middle-east-and-africa-frozen-food-market/195245/

Seitan Market https://www.maximizemarketresearch.com/market-report/global-seitan-market/78923/

Global Functional Proteins Market https://www.maximizemarketresearch.com/market-report/global-functional-proteins-market/97446/

◉Contact Maximize Market Research:

3rd Floor, Navale IT Park, Phase 2

Pune Banglore Highway, Narhe,

Pune, Maharashtra 411041, India

sales@maximizemarketresearch.com

+91 96071 95908, +91 9607365656

◉About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

This release was published on openPR.