Summary

The global market for Carotenoids is estimated at USD 2.5 billion in 2024 and is projected to reach USD 3.4 billion by 2029, at a CAGR of 6.3% during the forecast period. Shifting consumer preferences towards organic and sustainably produced food products are further fueling the demand for carotenoids. People utilize various types of carotenoids for their diverse array of health benefits and functional properties. Some carotenoids, like β-carotene, are valued for their role as precursors to vitamin A, essential for vision and immune function. Others, such as lutein and zeaxanthin, are prized for their antioxidant properties, which help protect cells from damage caused by free radicals. Additionally, astaxanthin is sought after for its potential anti-inflammatory, skin-protective effects and feed use. Overall, the combination of increasing demand, growth of feed industry, changing consumer preferences, and supportive government policies is driving the growth of the carotenoids market, with promising prospects for further expansion in the future.
“Strong demand for carotenoids in dietary supplements.”
Carotenoids play a pivotal role in dietary supplements, offering a multitude of health benefits and contributing to overall well-being. As potent antioxidants, carotenoids such as beta-carotene, lutein, and lycopene help neutralize harmful free radicals, reducing the risk of chronic diseases like cancer and heart disease. Additionally, carotenoids like astaxanthin and zeaxanthin support eye health, protecting against age-related macular degeneration and improving visual acuity. The increasing awareness of preventive healthcare and the pursuit of healthy lifestyles have fueled the demand for dietary supplements globally. As people seek convenient ways to bolster their nutritional intake, the use of carotenoids in dietary supplements continues to rise, offering consumers a convenient and effective means to support their health and well-being.
“Astaxanthin is dominating in the Carotenoids market within the type segment. “
The astaxanthin market is experiencing robust growth due to its versatile applications and associated health benefits. As a potent antioxidant, astaxanthin finds extensive use in dietary supplements, cosmetics, and animal feed industries. Its ability to combat oxidative stress and inflammation, support cardiovascular health, and enhance skin appearance drives its popularity among consumers. Moreover, the rising demand for natural alternatives to synthetic additives in food and cosmetics further propels market expansion. Additionally, the increasing adoption of astaxanthin in aquaculture to improve the pigmentation and health of farmed fish contributes significantly to market growth, fueling its upward trajectory.
“Within the formulation segment of Carotenoids market, beadlet has highest market share during the forecast period.”
In the formulation segment of the Carotenoids market, the beadlet form is anticipated to witness continuous growth throughout the forecast period. This trend can be attributed to several factors driving the preference for beadlet over other forms of formulations. Beadlets represent the predominant formulation for delivering carotenoids, characterized by spherical granules ranging from 500 to 2000 µm in size, featuring uniform distribution. Their multi particulate nature offers notable technological advantages over conventional solid dosage forms. Produced through spray drying or starch catching drying methods, beadlet formulations exhibit facile solubility in cold water, rendering them particularly suitable for incorporation into food and beverage products and dietary supplements. With proper storage and packaging, carotenoid beadlets maintain a shelf life of approximately two years. This technology enables the incorporation of delicate ingredients into supplements, shielding them from the formulation stress associated with tablet compression, while also enhancing stability and shelf life.

“The Carotenoids market in Asia Pacific is anticipated to maintain highest CAGR throughout the forecast period.”
The anticipated consistent growth of the Carotenoids market in Asia Pacific can be attributed to several factors. The economic expansion across the Asia Pacific region has spurred urbanization and industrialization, leading to varying levels of carotenoid consumption in different countries. Research indicates that the feed industry represents the largest consumer of carotenoids, followed by health supplements. Factors driving this trend include consumer preferences for healthy foods and the escalating demand for meat and seafood. China emerges as the primary consumer of carotenoids in the region, trailed by Japan and India. The burgeoning pharmaceutical sector in countries like China, India, and Japan further propels the carotenoid market. Increasing meat production, particularly in China and India, is fueling demand for carotenoids to enhance feed quality and improve livestock health. These compounds not only boost the nutritional value of feed but also contribute to cost reduction and meat quality enhancement. Carotenoids play a crucial role in fortifying animal diets, thereby meeting the escalating demand for pork and poultry products in the region. This combination of factors is likely to sustain the growth trajectory of the Carotenoids market in Asia Pacific over the forecast period.
The Break-up of Primaries:
By Value Chain Side: Demand Side – 41% and Supply Side – 59%
By Designation: CXOs – 31%, Managers – 24%, Executives – 45%
By Region: North America – 25%, Europe – 25%, APAC – 25%, South America – 15%, and Middle East and Africa - 10%

Key players in this market include DSM (Netherlands), BASF SE (Germany), Cyanotech Corporation (US), Givaudan (Switzerland), ADM (US), NHU (China), Divi's Laboratories Limited (India), Allied Biotech Corporation (Taiwan), Lycored (US), Kemin Industries, Inc. (US), Fuji Chemical Industries Co., Ltd. (Japan), EW Nutrition (Germany), Döhler GmbH (Germany), ExcelVite (Malaysia) and Farbest Brands (US).

Research Coverage:
The report segments the carotenoids market based on type, formulation, application, source, and region. In terms of insights, this report has focused on various levels of analyses—the competitive landscape, end-use analysis, and company profiles, which together comprise and discuss views on the emerging & high-growth segments of the carotenoids market, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, services, key strategies, contracts, partnerships, and agreements. New product launches, mergers and acquisitions, and recent developments associated with the carotenoids market. Competitive analysis of upcoming startups in the Carotenoids market ecosystem is covered in this report.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall carotenoids market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities. The report provides insights on the following pointers:
• Analysis of key drivers (carotenoids are beneficial in preventive healthcare, increasing use of natural carotenoids as food colorants, the growth of the end-user industries is projected to drive the demand for carotenoids, innovative technologies for the extraction of carotenoids, & increase in consumer preference for organic products), restraints (Stringent regulatory norms are projected to hamper the market growth & Risks associated with high doses of carotenoids) opportunities (opportunity to expand in the high-growth potential markets such as developing countries from Asia Pacific and South America region, expanding scope of research within the feed industry & safety reassessment of synthetic food colors), and challenges (difficulty in meeting the requisite quality standards & high production costs restrict the entry of smaller players).
• Product Development/Innovation: Detailed insights on research & development activities and new product launches in the carotenoids market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the carotenoids market across varied regions.
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the carotenoids market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like DSM (Netherlands), BASF SE (Germany), Cyanotech Corporation (US), Givaudan (Switzerland), ADM (US), NHU (China), Divi's Laboratories Limited (India), Allied Biotech Corporation (Taiwan), Lycored (US), Kemin Industries, Inc. (US), Fuji Chemical Industries Co., Ltd. (Japan), EW Nutrition (Germany), Döhler GmbH (Germany), ExcelVite (Malaysia), Farbest Brands (US), Solabia Group (France), VIDYA EUROPE SAS (France), AROMATAGROUP SRL CON SOCIO UNICO (Italy), Valensa International (US), BGG World (China), Kalsec Inc. (US), Ambe Phytoextracts Pvt. Ltd. (India), Vidya Herbs Pvt. Ltd. (India), ASTAMAZ NZ LTD. (New Zealand), Xiamen Sinoway Co., Ltd. (China).

ページTOPに戻る

Table of Contents

1 INTRODUCTION 43
1.1 STUDY OBJECTIVES 43
1.2 MARKET DEFINITION 43
1.3 STUDY SCOPE 44
1.3.1 MARKETS COVERED 44
FIGURE 1 CAROTENOIDS MARKET SEGMENTATION 44
1.3.2 REGIONS COVERED 44
1.3.3 YEARS CONSIDERED 45
1.4 CURRENCY CONSIDERED 45
TABLE 1 USD EXCHANGE RATES, 2020–2023 46
1.5 UNIT CONSIDERED 46
1.6 STAKEHOLDERS 46
1.7 SUMMARY OF CHANGES 47
2 RESEARCH METHODOLOGY 48
2.1 RESEARCH DATA 48
FIGURE 2 CAROTENOIDS MARKET: RESEARCH DESIGN 48
2.1.1 SECONDARY DATA 49
2.1.1.1 Key data from secondary sources 49
2.1.2 PRIMARY DATA 50
FIGURE 3 KEY DATA FROM PRIMARY SOURCES 50
2.1.2.1 Key industry insights 51
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS 51
2.2 MARKET SIZE ESTIMATION 52
2.2.1 BOTTOM-UP APPROACH 52
FIGURE 5 DEMAND-SIDE ANALYSIS 53
2.2.2 TOP-DOWN APPROACH 53
2.2.2.1 Approach to estimate market size using top-down analysis 53
FIGURE 6 MARKET SIZE ESTIMATION STEPS 54
FIGURE 7 SUPPLY-SIDE ANALYSIS 54
2.3 DATA TRIANGULATION 55
FIGURE 8 DATA TRIANGULATION 55
2.4 RESEARCH ASSUMPTIONS 56
2.5 RESEARCH LIMITATIONS 56
2.6 RECESSION IMPACT 57
2.6.1 MACRO INDICATORS 58
FIGURE 9 RECESSION INDICATORS 58
FIGURE 10 GLOBAL INFLATION RATE, 2011–2022 59
FIGURE 11 GLOBAL GDP, 2011–2022 (USD TRILLION) 60
FIGURE 12 RECESSION INDICATORS AND THEIR IMPACT ON MARKET 61
3 EXECUTIVE SUMMARY 62
TABLE 2 CAROTENOIDS MARKET SNAPSHOT, 2024 VS. 2029 62
FIGURE 13 ASTAXANTHIN SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 63
FIGURE 14 BEADLET SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 64
FIGURE 15 SYNTHETIC SEGMENT TO HAVE LARGEST MARKET SHARE DURING FORECAST PERIOD 64
FIGURE 16 ANIMAL FEED SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 65
FIGURE 17 NORTH AMERICA TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD 66
FIGURE 18 CAROTENOIDS MARKET: EARLIER FORECAST VS. RECESSION FORECAST 67
4 PREMIUM INSIGHTS 68
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN CAROTENOIDS MARKET 68
FIGURE 19 INCREASING AWARENESS TOWARD HEALTH AND ORGANIC FOOD PRODUCTS TO DRIVE MARKET 68
4.2 EUROPE: CAROTENOIDS MARKET, BY TYPE AND COUNTRY 69
FIGURE 20 LUTEIN SEGMENT AND FRANCE TO ACCOUNT FOR LARGEST SHARES IN EUROPEAN MARKET IN 2024 69
4.3 CAROTENOIDS MARKET, BY COUNTRY 70
FIGURE 21 US TO ACCOUNT FOR LARGEST MARKET SHARE IN 2024 70
4.4 CAROTENOIDS MARKET, BY TYPE AND REGION 71
FIGURE 22 ASTAXANTHIN TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 71
4.5 CAROTENOIDS MARKET, BY FORMULATION AND REGION 72
FIGURE 23 BEADLET SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 72
4.6 CAROTENOIDS MARKET, BY SOURCE AND REGION 73
FIGURE 24 SYNTHETIC SOURCE TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD 73
4.7 CAROTENOIDS MARKET, BY APPLICATION AND REGION 74
FIGURE 25 ANIMAL FEED SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 74
5 MARKET OVERVIEW 75
5.1 INTRODUCTION 75
5.2 MACROECONOMIC INDICATORS 75
5.2.1 GLOBAL HEALTH AND WELLNESS MARKET 75
FIGURE 26 GLOBAL WELLNESS INDUSTRY, BY TYPE, 2022 76
5.3 MARKET DYNAMICS 77
FIGURE 27 CAROTENOIDS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 77
5.3.1 DRIVERS 77
5.3.1.1 Increasing applications of carotenoids in preventive healthcare 77
TABLE 3 SOURCES OF CAROTENOIDS AND THEIR MEDICINAL PROPERTIES 79
5.3.1.2 Growing trend toward natural and clean label ingredients 79
FIGURE 28 US: FACTORS DRIVING CLEAN LABEL PURCHASES, 2021 80
5.3.1.3 Surge in applications in pharmaceuticals and cosmetics 80
5.3.1.4 Rise in innovative technologies for extracting carotenoids 81
5.3.1.5 Increasing consumer preference for organic products 82
FIGURE 29 ORGANIC FOOD & BEVERAGES MARKET, 2021 (USD BILLION) 82
5.3.2 RESTRAINTS 83
5.3.2.1 Low water solubility and stability 83
5.3.2.2 Risks associated with high dosage 83
5.3.3 OPPORTUNITIES 83
5.3.3.1 Booming dietary supplements and food & beverages markets 83
5.3.3.2 Expanding scope of research in feed industry 84
5.3.3.3 Growing inclination toward safety reassessment of synthetic food colors 84
5.3.4 CHALLENGES 85
5.3.4.1 Stringent quality standards 85
5.3.4.2 High production costs 85
6 INDUSTRY TRENDS 86
6.1 INTRODUCTION 86
6.2 VALUE CHAIN ANALYSIS 86
FIGURE 30 VALUE CHAIN ANALYSIS 87
6.3 TRADE ANALYSIS 87
TABLE 4 EUROPEAN UNION: IMPORT AND EXPORT VOLUME OF COLORING MATTER OF VEGETABLE OR ANIMAL ORIGIN, 2023 (KG) 88
TABLE 5 EUROPEAN UNION: IMPORT AND EXPORT VOLUME OF COLORING MATTER OF VEGETABLE OR ANIMAL ORIGIN, 2022 (KG) 88
TABLE 6 EUROPEAN UNION: IMPORT AND EXPORT VOLUME OF COLORING MATTER OF VEGETABLE OR ANIMAL ORIGIN, 2021 (KG) 89
6.4 TECHNOLOGY ANALYSIS 89
6.4.1 CAROTENOIDS AND MICROENCAPSULATION 89
6.4.2 ARTIFICIAL INTELLIGENCE AND MACHINE LEARNING 90
6.5 PRICING ANALYSIS 90
6.5.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TYPE 91
FIGURE 31 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TYPE, 2023 (USD/TONS) 91
TABLE 7 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TYPE, 2023 (USD/TONS) 91
6.5.2 AVERAGE SELLING PRICE TREND, BY REGION 92
FIGURE 32 AVERAGE SELLING PRICE TREND, BY REGION, 2020–2023 (USD/TONS) 92
TABLE 8 AVERAGE SELLING PRICE TREND, BY REGION, 2020–2023 (USD/TONS) 92
6.5.3 AVERAGE SELLING PRICE TREND, BY TYPE 92
FIGURE 33 AVERAGE SELLING PRICE TREND, BY TYPE, 2020–2023 (USD/TONS) 92
TABLE 9 AVERAGE SELLING PRICE TREND, BY TYPE, 2020–2023 (USD/TONS) 93
6.6 ECOSYSTEM ANALYSIS 93
FIGURE 34 ECOSYSTEM ANALYSIS 93
TABLE 10 ROLE OF COMPANIES IN ECOSYSTEM 94
6.6.1 UPSTREAM 95
6.6.1.1 Ingredient manufacturers 95
6.6.1.2 Technology providers 95
6.6.1.3 End users 95
6.6.2 DOWNSTREAM 95
6.6.2.1 Regulatory bodies 95
6.6.2.2 Startups/emerging companies 96
6.7 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 96
FIGURE 35 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 96
6.8 PATENT ANALYSIS 97
FIGURE 36 PATENT ANALYSIS 97
FIGURE 37 JURISDICTIONS WITH HIGHEST PATENT APPROVALS FOR CAROTENOIDS, 2013–2023 98
TABLE 11 INNOVATIONS AND PATENT REGISTRATIONS, 2023–2024 98
6.9 KEY CONFERENCES AND EVENTS 100
TABLE 12 KEY CONFERENCES AND EVENTS, 2024–2025 100
6.10 PORTER’S FIVE FORCES ANALYSIS 100
TABLE 13 IMPACT OF PORTER’S FIVE FORCES 100
FIGURE 38 CAROTENOIDS MARKET: PORTER’S FIVE FORCES ANALYSIS 101
6.10.1 INTENSITY OF COMPETITIVE RIVALRY 101
6.10.2 BARGAINING POWER OF SUPPLIERS 101
6.10.3 BARGAINING POWER OF BUYERS 102
6.10.4 THREAT OF NEW ENTRANTS 102
6.10.5 THREAT OF SUBSTITUTES 102
6.11 REGULATORY LANDSCAPE 103
6.11.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 103
TABLE 14 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 103
TABLE 15 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 103
TABLE 16 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 104
TABLE 17 SOUTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 104
TABLE 18 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 105
6.11.2 NORTH AMERICA 105
6.11.2.1 US 105
6.11.2.2 Canada 106
6.11.2.3 Mexico 107
6.11.3 EUROPEAN UNION 107
6.11.4 ASIA PACIFIC 108
6.11.4.1 China 108
6.11.4.2 India 109
6.11.5 SOUTH AMERICA 110
6.11.5.1 Brazil 110
6.11.6 REST OF THE WORLD 110
6.11.6.1 South Africa 110
6.12 KEY STAKEHOLDERS AND BUYING CRITERIA 110
6.12.1 KEY STAKEHOLDERS IN BUYING PROCESS 110
TABLE 19 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 APPLICATIONS (%) 111
6.12.2 BUYING CRITERIA 112
FIGURE 40 KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS 112
TABLE 20 KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS 112
6.13 CASE STUDY ANALYSIS 113
6.13.1 USE OF ARTIFICIAL INTELLIGENCE AND MACHINE LEARNING TO MEET DEMAND FOR FUNCTIONAL FOODS 113
6.13.2 MANUFACTURING OF PLANT-BASED BARS FOR IMPROVED MENTAL HEALTH 113
6.13.3 INVESTIGATING EFFICACY OF LYCODERM TO ENHANCING SKIN RESILIENCE 114
6.14 INVESTMENT AND FUNDING SCENARIO 114
FIGURE 41 INVESTMENT AND FUNDING SCENARIO, 2019–2024 (USD MILLION) 114
7 CAROTENOIDS MARKET, BY TYPE 115
7.1 INTRODUCTION 116
FIGURE 42 CAROTENOIDS MARKET, BY TYPE, 2024 VS. 2029 (USD MILLION) 116
TABLE 21 CAROTENOIDS MARKET, BY TYPE, 2020–2023 (USD MILLION) 117
TABLE 22 CAROTENOIDS MARKET, BY TYPE, 2024–2029 (USD MILLION) 117
TABLE 23 CAROTENOIDS MARKET, BY TYPE, 2020–2023 (TONS) 117
TABLE 24 CAROTENOIDS MARKET, BY TYPE, 2024–2029 (TONS) 118
7.2 BETA-CAROTENE 118
7.2.1 INCREASING USE AS NATURAL COLORANT TO DRIVE MARKET 118
TABLE 25 BETA-CAROTENE: CAROTENOIDS MARKET, BY REGION, 2020–2023 (USD MILLION) 119
TABLE 26 BETA-CAROTENE: CAROTENOIDS MARKET, BY REGION, 2024–2029 (USD MILLION) 119
TABLE 27 BETA-CAROTENE: CAROTENOIDS MARKET, BY REGION, 2020–2023 (TONS) 119
TABLE 28 BETA-CAROTENE: CAROTENOIDS MARKET, BY REGION, 2024–2029 (TONS) 120
7.3 ASTAXANTHIN 120
7.3.1 GROWING ADOPTION IN FEED, DIETARY SUPPLEMENTS, AND COSMETIC INDUSTRIES TO DRIVE MARKET 120
TABLE 29 ASTAXANTHIN: CAROTENOIDS MARKET, BY REGION, 2020–2023 (USD MILLION) 121
TABLE 30 ASTAXANTHIN: CAROTENOIDS MARKET, BY REGION, 2024–2029 (USD MILLION) 121
TABLE 31 ASTAXANTHIN: CAROTENOIDS MARKET, BY REGION, 2020–2023 (TONS) 121
TABLE 32 ASTAXANTHIN: CAROTENOIDS MARKET, BY REGION, 2024–2029 (TONS) 122
7.4 LUTEIN 122
7.4.1 RISING ACCEPTABILITY IN TREATING EYE DISEASES TO DRIVE MARKET 122
TABLE 33 LUTEIN: CAROTENOIDS MARKET, BY REGION, 2020–2023 (USD MILLION) 122
TABLE 34 LUTEIN: CAROTENOIDS MARKET, BY REGION, 2024–2029 (USD MILLION) 123
TABLE 35 LUTEIN: CAROTENOIDS MARKET, BY REGION, 2020–2023 (TONS) 123
TABLE 36 LUTEIN: CAROTENOIDS MARKET, BY REGION, 2024–2029 (TONS) 123
7.5 LYCOPENE 124
7.5.1 INCREASING AWARENESS ABOUT ANTIOXIDANT HEALTH BENEFITS TO DRIVE MARKET 124
TABLE 37 LYCOPENE: CAROTENOIDS MARKET, BY REGION, 2020–2023 (USD MILLION) 124
TABLE 38 LYCOPENE: CAROTENOIDS MARKET, BY REGION, 2024–2029 (USD MILLION) 125
TABLE 39 LYCOPENE: CAROTENOIDS MARKET, BY REGION, 2020–2023 (TONS) 125
TABLE 40 LYCOPENE: CAROTENOIDS MARKET, BY REGION, 2024–2029 (TONS) 125
7.6 ZEAXANTHIN 126
7.6.1 GROWING DEMAND IN POULTRY FEED TO DRIVE MARKET 126
TABLE 41 ZEAXANTHIN: CAROTENOIDS MARKET, BY REGION, 2020–2023 (USD MILLION) 126
TABLE 42 ZEAXANTHIN: CAROTENOIDS MARKET, BY REGION, 2024–2029 (USD MILLION) 127
TABLE 43 ZEAXANTHIN: CAROTENOIDS MARKET, BY REGION, 2020–2023 (TONS) 127
TABLE 44 ZEAXANTHIN: CAROTENOIDS MARKET, BY REGION, 2024–2029 (TONS) 127
7.7 CANTHAXANTHIN 128
7.7.1 SURGE IN LIVESTOCK POPULATION TO DRIVE MARKET 128
TABLE 45 CANTHAXANTHIN: CAROTENOIDS MARKET, BY REGION, 2020–2023 (USD MILLION) 128
TABLE 46 CANTHAXANTHIN: CAROTENOIDS MARKET, BY REGION, 2024–2029 (USD MILLION) 129
TABLE 47 CANTHAXANTHIN: CAROTENOIDS MARKET, BY REGION, 2020–2023 (TONS) 129
TABLE 48 CANTHAXANTHIN: CAROTENOIDS MARKET, BY REGION, 2024–2029 (TONS) 129
7.8 OTHER TYPES 130
TABLE 49 OTHER TYPES: CAROTENOIDS MARKET, BY REGION, 2020–2023 (USD MILLION) 130
TABLE 50 OTHER TYPES: CAROTENOIDS MARKET, BY REGION, 2024–2029 (USD MILLION) 130
TABLE 51 OTHER TYPES: CAROTENOIDS MARKET, BY REGION, 2020–2023 (TONS) 131
TABLE 52 OTHER TYPES: CAROTENOIDS MARKET, BY REGION, 2024–2029 (TONS) 131
8 CAROTENOIDS MARKET, BY APPLICATION 132
8.1 INTRODUCTION 133
FIGURE 43 CAROTENOIDS MARKET, BY APPLICATION, 2024 VS. 2029 (USD MILLION) 133
TABLE 53 CAROTENOIDS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 134
TABLE 54 CAROTENOIDS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 134
TABLE 55 CAROTENOIDS MARKET, BY APPLICATION, 2020–2023 (TONS) 134
TABLE 56 CAROTENOIDS MARKET, BY APPLICATION, 2024–2029 (TONS) 135
8.2 ANIMAL FEED 135
8.2.1 GROWING ADOPTION DUE TO DISEASE RESISTANCE AND COLOR-ENHANCING PROPERTIES TO DRIVE MARKET 135
TABLE 57 ANIMAL FEED: CAROTENOIDS MARKET, BY REGION, 2020–2023 (USD MILLION) 136
TABLE 58 ANIMAL FEED: CAROTENOIDS MARKET, BY REGION, 2024–2029 (USD MILLION) 136
TABLE 59 ANIMAL FEED: CAROTENOIDS MARKET, BY REGION, 2020–2023 (TONS) 136
TABLE 60 ANIMAL FEED: CAROTENOIDS MARKET, BY REGION, 2024–2029 (TONS) 137
8.3 DIETARY SUPPLEMENTS 137
8.3.1 RISING AWARENESS AMONG CONSUMERS FOR NATURAL HEALTH SUPPLEMENTS TO DRIVE MARKET 137
TABLE 61 DIETARY SUPPLEMENTS: CAROTENOIDS MARKET, BY REGION, 2020–2023 (USD MILLION) 137
TABLE 62 DIETARY SUPPLEMENTS: CAROTENOIDS MARKET, BY REGION, 2024–2029 (USD MILLION) 138
TABLE 63 DIETARY SUPPLEMENTS: CAROTENOIDS MARKET, BY REGION, 2020–2023 (TONS) 138
TABLE 64 DIETARY SUPPLEMENTS: CAROTENOIDS MARKET, BY REGION, 2024–2029 (TONS) 138
8.4 FOOD & BEVERAGES 139
8.4.1 SURGE IN DEMAND FOR NATURAL FOOD COLORANTS WITH ANTIOXIDANT AND ANTICARCINOGENIC PROPERTIES TO DRIVE MARKET 139
TABLE 65 FOOD & BEVERAGES: CAROTENOIDS MARKET, BY REGION, 2020–2023 (USD MILLION) 139
TABLE 66 FOOD & BEVERAGES: CAROTENOIDS MARKET, BY REGION, 2024–2029 (USD MILLION) 140
TABLE 67 FOOD & BEVERAGES: CAROTENOIDS MARKET, BY REGION, 2020–2023 (TONS) 140
TABLE 68 FOOD & BEVERAGES: CAROTENOIDS MARKET, BY REGION, 2024–2029 (TONS) 140
8.5 COSMETICS 141
8.5.1 INCREASING DEMAND DUE TO ANTI-AGING AND ANTI-INFLAMMATORY PROPERTIES TO DRIVE MARKET 141
TABLE 69 COSMETICS: CAROTENOIDS MARKET, BY REGION, 2020–2023 (USD MILLION) 141
TABLE 70 COSMETICS: CAROTENOIDS MARKET, BY REGION, 2024–2029 (USD MILLION) 142
TABLE 71 COSMETICS: CAROTENOIDS MARKET, BY REGION, 2020–2023 (TONS) 142
TABLE 72 COSMETICS: CAROTENOIDS MARKET, BY REGION, 2024–2029 (TONS) 142
8.6 PHARMACEUTICALS 143
8.6.1 GROWING POPULARITY OF CAROTENOIDS TO BOOST IMMUNITY TO DRIVE MARKET 143
TABLE 73 PHARMACEUTICALS: CAROTENOIDS MARKET, BY REGION, 2020–2023 (USD MILLION) 143
TABLE 74 PHARMACEUTICALS: CAROTENOIDS MARKET, BY REGION, 2024–2029 (USD MILLION) 144
TABLE 75 PHARMACEUTICALS: CAROTENOIDS MARKET, BY REGION, 2020–2023 (TONS) 144
TABLE 76 PHARMACEUTICALS: CAROTENOIDS MARKET, BY REGION, 2024–2029 (TONS) 144
9 CAROTENOIDS MARKET, BY FORMULATION 145
9.1 INTRODUCTION 146
FIGURE 44 CAROTENOIDS MARKET, BY FORMULATION, 2024 VS. 2029 (USD MILLION) 147
TABLE 77 CAROTENOIDS MARKET, BY FORMULATION, 2020–2023 (USD MILLION) 147
TABLE 78 CAROTENOIDS MARKET, BY FORMULATION, 2024–2029 (USD MILLION) 148
TABLE 79 CAROTENOIDS MARKET, BY FORMULATION, 2020–2023 (TONS) 148
TABLE 80 CAROTENOIDS MARKET, BY FORMULATION, 2024–2029 (TONS) 148
9.2 BEADLET 149
9.2.1 NEED FOR INCREASED STABILITY OF CAROTENOID PRODUCTS TO DRIVE MARKET 149
TABLE 81 BEADLET: CAROTENOIDS MARKET, BY REGION, 2020–2023 (USD MILLION) 149
TABLE 82 BEADLET: CAROTENOIDS MARKET, BY REGION, 2024–2029 (USD MILLION) 150
TABLE 83 BEADLET: CAROTENOIDS MARKET, BY REGION, 2020–2023 (TONS) 150
TABLE 84 BEADLET: CAROTENOIDS MARKET, BY REGION, 2024–2029 (TONS) 150
9.3 POWDER 151
9.3.1 INCREASING DEMAND FOR CAROTENOIDS WITH HIGH THERMAL STABILITY AND SHELF LIFE TO DRIVE MARKET 151
TABLE 85 POWDER: CAROTENOIDS MARKET, BY REGION, 2020–2023 (USD MILLION) 151
TABLE 86 POWDER: CAROTENOIDS MARKET, BY REGION, 2024–2029 (USD MILLION) 151
TABLE 87 POWDER: CAROTENOIDS MARKET, BY REGION, 2020–2023 (TONS) 152
TABLE 88 POWDER: CAROTENOIDS MARKET, BY REGION, 2024–2029 (TONS) 152
9.4 OIL SUSPENSION 152
9.4.1 GROWING DEMAND FOR AFFORDABLE CAROTENOIDS TO DRIVE MARKET 152
TABLE 89 OIL SUSPENSION: CAROTENOIDS MARKET, BY REGION, 2020–2023 (USD MILLION) 153
TABLE 90 OIL SUSPENSION: CAROTENOIDS MARKET, BY REGION, 2024–2029 (USD MILLION) 153
TABLE 91 OIL SUSPENSION: CAROTENOIDS MARKET, BY REGION, 2020–2023 (TONS) 154
TABLE 92 OIL SUSPENSION: CAROTENOIDS MARKET, BY REGION, 2024–2029 (TONS) 154
9.5 EMULSION 154
9.5.1 RISING ADOPTION IN PROCESSING AND STORAGE OF Β-CAROTENE TO DRIVE MARKET 154
TABLE 93 EMULSION: CAROTENOIDS MARKET, BY REGION, 2020–2023 (USD MILLION) 155
TABLE 94 EMULSION: CAROTENOIDS MARKET, BY REGION, 2024–2029 (USD MILLION) 155
TABLE 95 EMULSION: CAROTENOIDS MARKET, BY REGION, 2020–2023 (TONS) 155
TABLE 96 EMULSION: CAROTENOIDS MARKET, BY REGION, 2024–2029 (TONS) 156
10 CAROTENOIDS MARKET, BY SOURCE 157
10.1 INTRODUCTION 158
FIGURE 45 CAROTENOIDS MARKET, BY SOURCE, 2024 VS. 2029 (USD MILLION) 158
TABLE 97 CAROTENOIDS MARKET, BY SOURCE, 2020–2023 (USD MILLION) 159
TABLE 98 CAROTENOIDS MARKET, BY SOURCE, 2024–2029 (USD MILLION) 159
TABLE 99 CAROTENOIDS MARKET, BY SOURCE, 2020–2023 (TONS) 159
TABLE 100 CAROTENOIDS MARKET, BY SOURCE, 2024–2029 (TONS) 159
10.2 SYNTHETIC 160
10.2.1 LOWER MANUFACTURING COST TO DRIVE MARKET 160
TABLE 101 SYNTHETIC: CAROTENOIDS MARKET, BY REGION, 2020–2023 (USD MILLION) 160
TABLE 102 SYNTHETIC: CAROTENOIDS MARKET, BY REGION, 2024–2029 (USD MILLION) 161
TABLE 103 SYNTHETIC: CAROTENOIDS MARKET, BY REGION, 2020–2023 (TONS) 161
TABLE 104 SYNTHETIC: CAROTENOIDS MARKET, BY REGION, 2024–2029 (TONS) 161
10.3 NATURAL 162
10.3.1 INCREASING FOCUS ON IMPROVED IMMUNITY RATES IN HUMANS AND ANIMALS TO DRIVE MARKET 162
TABLE 105 NATURAL: CAROTENOIDS MARKET, BY REGION, 2020–2023 (USD MILLION) 162
TABLE 106 NATURAL: CAROTENOIDS MARKET, BY REGION, 2024–2029 (USD MILLION) 163
TABLE 107 NATURAL: CAROTENOIDS MARKET, BY REGION, 2020–2023 (TONS) 163
TABLE 108 NATURAL: CAROTENOIDS MARKET, BY REGION, 2024–2029 (TONS) 163
11 CAROTENOIDS MARKET, BY REGION 164
11.1 INTRODUCTION 165
FIGURE 46 CAROTENOIDS MARKET, BY COUNTRY, 2024–2029 165
TABLE 109 CAROTENOIDS MARKET, BY REGION, 2020–2023 (USD MILLION) 166
TABLE 110 CAROTENOIDS MARKET, BY REGION, 2024–2029 (USD MILLION) 166
TABLE 111 CAROTENOIDS MARKET, BY REGION, 2020–2023 (TONS) 166
TABLE 112 CAROTENOIDS MARKET, BY REGION, 2024–2029 (TONS) 167
11.2 NORTH AMERICA 167
11.2.1 RECESSION IMPACT ANALYSIS 167
FIGURE 47 NORTH AMERICA: INFLATION RATES, BY KEY COUNTRY, 2018–2022 168
FIGURE 48 NORTH AMERICA: RECESSION IMPACT ANALYSIS, 2023 169
TABLE 113 NORTH AMERICA: CAROTENOIDS MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 169
TABLE 114 NORTH AMERICA: CAROTENOIDS MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 169
TABLE 115 NORTH AMERICA: CAROTENOIDS MARKET, BY COUNTRY, 2020–2023 (TONS) 169
TABLE 116 NORTH AMERICA: CAROTENOIDS MARKET, BY COUNTRY, 2024–2029 (TONS) 170
TABLE 117 NORTH AMERICA: CAROTENOIDS MARKET, BY TYPE, 2020–2023 (USD MILLION) 170
TABLE 118 NORTH AMERICA: CAROTENOIDS MARKET, BY TYPE, 2024–2029 (USD MILLION) 170
TABLE 119 NORTH AMERICA: CAROTENOIDS MARKET, BY TYPE, 2020–2023 (TONS) 171
TABLE 120 NORTH AMERICA: CAROTENOIDS MARKET, BY TYPE, 2024–2029 (TONS) 171
TABLE 121 NORTH AMERICA: CAROTENOIDS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 171
TABLE 122 NORTH AMERICA: CAROTENOIDS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 172
TABLE 123 NORTH AMERICA: CAROTENOIDS MARKET, BY APPLICATION, 2020–2023 (TONS) 172
TABLE 124 NORTH AMERICA: CAROTENOIDS MARKET, BY APPLICATION, 2024–2029 (TONS) 172
TABLE 125 NORTH AMERICA: CAROTENOIDS MARKET, BY FORMULATION, 2020–2023 (USD MILLION) 173
TABLE 126 NORTH AMERICA: CAROTENOIDS MARKET, BY FORMULATION, 2024–2029 (USD MILLION) 173
TABLE 127 NORTH AMERICA: CAROTENOIDS MARKET, BY FORMULATION, 2020–2023 (TONS) 173
TABLE 128 NORTH AMERICA: CAROTENOIDS MARKET, BY FORMULATION, 2024–2029 (TONS) 174
TABLE 129 NORTH AMERICA: CAROTENOIDS MARKET, BY SOURCE, 2020–2023 (USD MILLION) 174
TABLE 130 NORTH AMERICA: CAROTENOIDS MARKET, BY SOURCE, 2024–2029 (USD MILLION) 174
TABLE 131 NORTH AMERICA: CAROTENOIDS MARKET, BY SOURCE, 2020–2023 (TONS) 174
TABLE 132 NORTH AMERICA: CAROTENOIDS MARKET, BY SOURCE, 2024–2029 (TONS) 175
11.2.2 US 175
11.2.2.1 Rising focus on mitigating risks associated with cancer and cardiovascular disorders to drive market 175
TABLE 133 US: CAROTENOIDS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 176
TABLE 134 US: CAROTENOIDS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 176
TABLE 135 US: CAROTENOIDS MARKET, BY APPLICATION, 2020–2023 (TONS) 176
TABLE 136 US: CAROTENOIDS MARKET, BY APPLICATION, 2024–2029 (TONS) 177
11.2.3 CANADA 177
11.2.3.1 Growing livestock of dairy and poultry animals to drive market 177
TABLE 137 CANADA: CAROTENOIDS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 178
TABLE 138 CANADA: CAROTENOIDS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 178
TABLE 139 CANADA: CAROTENOIDS MARKET, BY APPLICATION, 2020–2023 (TONS) 178
TABLE 140 CANADA: CAROTENOIDS MARKET, BY APPLICATION, 2024–2029 (TONS) 179
11.2.4 MEXICO 179
11.2.4.1 Increasing use of carotenoids in feed industry to drive market 179
TABLE 141 MEXICO: CAROTENOIDS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 180
TABLE 142 MEXICO: CAROTENOIDS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 180
TABLE 143 MEXICO: CAROTENOIDS MARKET, BY APPLICATION, 2020–2023 (TONS) 180
TABLE 144 MEXICO: CAROTENOIDS MARKET, BY APPLICATION, 2024–2029 (TONS) 181
11.3 EUROPE 181
FIGURE 49 EUROPE: CAROTENOIDS MARKET SNAPSHOT 182
11.3.1 RECESSION IMPACT ANALYSIS 182
FIGURE 50 EUROPE: INFLATION RATES, BY KEY COUNTRY, 2018–2022 183
FIGURE 51 EUROPE: RECESSION IMPACT ANALYSIS, 2023 183
TABLE 145 EUROPE: CAROTENOIDS MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 184
TABLE 146 EUROPE: CAROTENOIDS MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 184
TABLE 147 EUROPE: CAROTENOIDS MARKET, BY COUNTRY, 2020–2023 (TONS) 184
TABLE 148 EUROPE: CAROTENOIDS MARKET, BY COUNTRY, 2024–2029 (TONS) 185
TABLE 149 EUROPE: CAROTENOIDS MARKET, BY TYPE, 2020–2023 (USD MILLION) 185
TABLE 150 EUROPE: CAROTENOIDS MARKET, BY TYPE, 2024–2029 (USD MILLION) 185
TABLE 151 EUROPE: CAROTENOIDS MARKET, BY TYPE, 2020–2023 (TONS) 186
TABLE 152 EUROPE: CAROTENOIDS MARKET, BY TYPE, 2024–2029 (TONS) 186
TABLE 153 EUROPE: CAROTENOIDS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 186
TABLE 154 EUROPE: CAROTENOIDS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 187
TABLE 155 EUROPE: CAROTENOIDS MARKET, BY APPLICATION, 2020–2023 (TONS) 187
TABLE 156 EUROPE: CAROTENOIDS MARKET, BY APPLICATION, 2024–2029 (TONS) 187
TABLE 157 EUROPE: CAROTENOIDS MARKET, BY FORMULATION, 2020–2023 (USD MILLION) 188
TABLE 158 EUROPE: CAROTENOIDS MARKET, BY FORMULATION, 2024–2029 (USD MILLION) 188
TABLE 159 EUROPE: CAROTENOIDS MARKET, BY FORMULATION, 2020–2023 (TONS) 188
TABLE 160 EUROPE: CAROTENOIDS MARKET, BY FORMULATION, 2024–2029 (TONS) 188
TABLE 161 EUROPE: CAROTENOIDS MARKET, BY SOURCE, 2020–2023 (USD MILLION) 189
TABLE 162 EUROPE: CAROTENOIDS MARKET, BY SOURCE, 2024–2029 (USD MILLION) 189
TABLE 163 EUROPE: CAROTENOIDS MARKET, BY SOURCE, 2020–2023 (TONS) 189
TABLE 164 EUROPE: CAROTENOIDS MARKET, BY SOURCE, 2024–2029 (TONS) 189
11.3.2 FRANCE 190
11.3.2.1 Booming dietary supplements industry to drive market 190
TABLE 165 FRANCE: CAROTENOIDS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 190
TABLE 166 FRANCE: CAROTENOIDS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 190
TABLE 167 FRANCE: CAROTENOIDS MARKET, BY APPLICATION, 2020–2023 (TONS) 191
TABLE 168 FRANCE: CAROTENOIDS MARKET, BY APPLICATION, 2024–2029 (TONS) 191
11.3.3 GERMANY 191
11.3.3.1 Growing concerns regarding food safety to drive market 191
TABLE 169 GERMANY: CAROTENOIDS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 192
TABLE 170 GERMANY: CAROTENOIDS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 192
TABLE 171 GERMANY: CAROTENOIDS MARKET, BY APPLICATION, 2020–2023 (TONS) 192
TABLE 172 GERMANY: CAROTENOIDS MARKET, BY APPLICATION, 2024–2029 (TONS) 193
11.3.4 NETHERLANDS 193
11.3.4.1 Growing incidences of cancer cases to drive market 193
TABLE 173 NETHERLANDS: CAROTENOIDS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 193
TABLE 174 NETHERLANDS: CAROTENOIDS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 194
TABLE 175 NETHERLANDS: CAROTENOIDS MARKET, BY APPLICATION, 2020–2023 (TONS) 194
TABLE 176 NETHERLANDS: CAROTENOIDS MARKET, BY APPLICATION, 2024–2029 (TONS) 194
11.3.5 RUSSIA 195
11.3.5.1 Increasing demand for antioxidant-rich foods to drive market 195
TABLE 177 RUSSIA: CAROTENOIDS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 195
TABLE 178 RUSSIA: CAROTENOIDS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 195
TABLE 179 RUSSIA: CAROTENOIDS MARKET, BY APPLICATION, 2020–2023 (TONS) 196
TABLE 180 RUSSIA: CAROTENOIDS MARKET, BY APPLICATION, 2024–2029 (TONS) 196
11.3.6 SPAIN 196
11.3.6.1 Surge in consumer demand for natural color alternatives over artificial additives to drive market 196
TABLE 181 SPAIN: CAROTENOIDS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 197
TABLE 182 SPAIN: CAROTENOIDS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 197
TABLE 183 SPAIN: CAROTENOIDS MARKET, BY APPLICATION, 2020–2023 (TONS) 197
TABLE 184 SPAIN: CAROTENOIDS MARKET, BY APPLICATION, 2024–2029 (TONS) 198
11.3.7 ITALY 198
11.3.7.1 Increasing utilization of carotenoids in skincare and cosmetics to drive market 198
TABLE 185 ITALY: CAROTENOIDS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 198
TABLE 186 ITALY: CAROTENOIDS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 199
TABLE 187 ITALY: CAROTENOIDS MARKET, BY APPLICATION, 2020–2023 (TONS) 199
TABLE 188 ITALY: CAROTENOIDS MARKET, BY APPLICATION, 2024–2029 (TONS) 199
11.3.8 REST OF EUROPE 200
TABLE 189 REST OF EUROPE: CAROTENOIDS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 200
TABLE 190 REST OF EUROPE: CAROTENOIDS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 200
TABLE 191 REST OF EUROPE: CAROTENOIDS MARKET, BY APPLICATION, 2020–2023 (TONS) 201
TABLE 192 REST OF EUROPE: CAROTENOIDS MARKET, BY APPLICATION, 2024–2029 (TONS) 201
11.4 ASIA PACIFIC 201
FIGURE 52 ASIA PACIFIC: CAROTENOIDS MARKET SNAPSHOT 202
11.4.1 RECESSION IMPACT ANALYSIS 202
FIGURE 53 ASIA PACIFIC: INFLATION RATES, BY KEY COUNTRY, 2018–2022 203
FIGURE 54 ASIA PACIFIC: RECESSION IMPACT ANALYSIS, 2023 203
TABLE 193 ASIA PACIFIC: CAROTENOIDS MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 204
TABLE 194 ASIA PACIFIC: CAROTENOIDS MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 204
TABLE 195 ASIA PACIFIC: CAROTENOIDS MARKET, BY COUNTRY, 2020–2023 (TONS) 205
TABLE 196 ASIA PACIFIC: CAROTENOIDS MARKET, BY COUNTRY, 2024–2029 (TONS) 205
TABLE 197 ASIA PACIFIC: CAROTENOIDS MARKET, BY TYPE, 2020–2023 (USD MILLION) 205
TABLE 198 ASIA PACIFIC: CAROTENOIDS MARKET, BY TYPE, 2024–2029 (USD MILLION) 206
TABLE 199 ASIA PACIFIC: CAROTENOIDS MARKET, BY TYPE, 2020–2023 (TONS) 206
TABLE 200 ASIA PACIFIC: CAROTENOIDS MARKET, BY TYPE, 2024–2029 (TONS) 206
TABLE 201 ASIA PACIFIC: CAROTENOIDS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 207
TABLE 202 ASIA PACIFIC: CAROTENOIDS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 207
TABLE 203 ASIA PACIFIC: CAROTENOIDS MARKET, BY APPLICATION, 2020–2023 (TONS) 207
TABLE 204 ASIA PACIFIC: CAROTENOIDS MARKET, BY APPLICATION, 2024–2029 (TONS) 208
TABLE 205 ASIA PACIFIC: CAROTENOIDS MARKET, BY FORMULATION, 2020–2023 (USD MILLION) 208
TABLE 206 ASIA PACIFIC: CAROTENOIDS MARKET, BY FORMULATION, 2024–2029 (USD MILLION) 208
TABLE 207 ASIA PACIFIC: CAROTENOIDS MARKET, BY FORMULATION, 2020–2023 (TONS) 208
TABLE 208 ASIA PACIFIC: CAROTENOIDS MARKET, BY FORMULATION, 2024–2029 (TONS) 209
TABLE 209 ASIA PACIFIC: CAROTENOIDS MARKET, BY SOURCE, 2020–2023 (USD MILLION) 209
TABLE 210 ASIA PACIFIC: CAROTENOIDS MARKET, BY SOURCE, 2024–2029 (USD MILLION) 209
TABLE 211 ASIA PACIFIC: CAROTENOIDS MARKET, BY SOURCE, 2020–2023 (TONS) 209
TABLE 212 ASIA PACIFIC: CAROTENOIDS MARKET, BY SOURCE, 2024–2029 (TONS) 210
11.4.2 CHINA 210
11.4.2.1 Growing production of carotenoid-rich products to drive market 210
TABLE 213 CHINA: CAROTENOIDS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 210
TABLE 214 CHINA: CAROTENOIDS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 211
TABLE 215 CHINA: CAROTENOIDS MARKET, BY APPLICATION, 2020–2023 (TONS) 211
TABLE 216 CHINA: CAROTENOIDS MARKET, BY APPLICATION, 2024–2029 (TONS) 211
11.4.3 INDIA 212
11.4.3.1 Rising health awareness and egg production to drive market 212
TABLE 217 INDIA: CAROTENOIDS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 212
TABLE 218 INDIA: CAROTENOIDS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 212
TABLE 219 INDIA: CAROTENOIDS MARKET, BY APPLICATION, 2020–2023 (TONS) 213
TABLE 220 INDIA: CAROTENOIDS MARKET, BY APPLICATION, 2024–2029 (TONS) 213
11.4.4 THAILAND 213
11.4.4.1 Growing super-aged population to drive market 213
TABLE 221 THAILAND: CAROTENOIDS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 214
TABLE 222 THAILAND: CAROTENOIDS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 214
TABLE 223 THAILAND: CAROTENOIDS MARKET, BY APPLICATION, 2020–2023 (TONS) 214
TABLE 224 THAILAND: CAROTENOIDS MARKET, BY APPLICATION, 2024–2029 (TONS) 215
11.4.5 JAPAN 215
11.4.5.1 Increasing demand for processed food & beverages to drive market 215
TABLE 225 JAPAN: CAROTENOIDS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 215
TABLE 226 JAPAN: CAROTENOIDS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 216
TABLE 227 JAPAN: CAROTENOIDS MARKET, BY APPLICATION, 2020–2023 (TONS) 216
TABLE 228 JAPAN: CAROTENOIDS MARKET, BY APPLICATION, 2024–2029 (TONS) 216
11.4.6 MALAYSIA 217
11.4.6.1 Surge in meat consumption to drive market 217
TABLE 229 MALAYSIA: CAROTENOIDS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 217
TABLE 230 MALAYSIA: CAROTENOIDS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 217
TABLE 231 MALAYSIA: CAROTENOIDS MARKET, BY APPLICATION, 2020–2023 (TONS) 218
TABLE 232 MALAYSIA: CAROTENOIDS MARKET, BY APPLICATION, 2024–2029 (TONS) 218
11.4.7 INDONESIA 218
11.4.7.1 Booming fisheries industry to drive market 218
TABLE 233 INDONESIA: CAROTENOIDS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 219
TABLE 234 INDONESIA: CAROTENOIDS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 219
TABLE 235 INDONESIA: CAROTENOIDS MARKET, BY APPLICATION, 2020–2023 (TONS) 219
TABLE 236 INDONESIA: CAROTENOIDS MARKET, BY APPLICATION, 2024–2029 (TONS) 220
11.4.8 AUSTRALIA & NEW ZEALAND 220
11.4.8.1 Increasing inclination toward vitamin supplements and herbal remedies to drive market 220
TABLE 237 AUSTRALIA & NEW ZEALAND: CAROTENOIDS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 220
TABLE 238 AUSTRALIA & NEW ZEALAND: CAROTENOIDS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 221
TABLE 239 AUSTRALIA & NEW ZEALAND: CAROTENOIDS MARKET, BY APPLICATION, 2020–2023 (TONS) 221
TABLE 240 AUSTRALIA & NEW ZEALAND: CAROTENOIDS MARKET, BY APPLICATION, 2024–2029 (TONS) 221
11.4.9 REST OF ASIA PACIFIC 222
TABLE 241 REST OF ASIA PACIFIC: CAROTENOIDS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 222
TABLE 242 REST OF ASIA PACIFIC: CAROTENOIDS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 222
TABLE 243 REST OF ASIA PACIFIC: CAROTENOIDS MARKET, BY APPLICATION, 2020–2023 (TONS) 223
TABLE 244 REST OF ASIA PACIFIC: CAROTENOIDS MARKET, BY APPLICATION, 2024–2029 (TONS) 223