The new report by Expert Market Research titled, ‘Global Carotenoids Market Share, Size, Trend, Price, Growth Report and Forecast 2022-2027’, gives an in-depth analysis of the global carotenoids market, assessing the market based on its segments like product types, sources, formulations, applications, and major regions.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Get a Free Sample Report with Table of Contents:

The key highlights of the report include:

Market Overview (2017-2027)

  • Historical Market Size (2021): USD 1.8 Billion
  • Forecast CAGR (2022-2027): 1%
  • Forecast Market Size (2027): USD 2.29 Billion


The growing skin-related issues, like acne and pigmentation, among others, have been enhancing the demand for carotenoids in the market as the carotenoids consist of anti-acne properties, and help with pigmentation, anti-ageing, and skin repair, leading to their use in skincare products. The surging awareness about the availability of different products in the market and the subsequent demand for skincare products are likely to provide an impetus to the market growth of carotenoids. 

Moreover, the growing use of the product as a colourant in the cosmetics and the food and beverages sectors is delivering momentum to the market growth for carotenoids. The evolving lifestyle with growing disorders like diabetes, eye disorders, and cancer, among others, are likely to increase the demand for the market of carotenoids as the carotenoids protect from diseases and boost the immune system.

Carotenoids: Industry Definition and Segmentation

Carotenoids are referred to as pigments in plants, algae, and photosynthetic bacteria. These pigments generate bright yellow, red, and orange colours in vegetables, plants, and fruits. It acts as a kind of antioxidant for humans.

Read Full Report with Table of Contents:

Based on product type, the market is categorised into:

  • Beta-Carotene
  • Astaxanthin
  • Lutein
  • Lycopene
  • Zeaxanthin
  • Canthaxanthin
  • Others


On the basis of sources, the market is segmented into:

  • Synthetic
  • Natural


By formulation, the market is divided into:

  • Oil Suspension
  • Powder
  • Emulsion
  • Beadlets


Based on application, the market is segregated into:

  • Animal Feed
  • Dietary Supplements
  • Food and Beverages
  • Cosmetics
  • Pharmaceuticals


The EMR report also covers the regional markets like:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa


Market Trends

Rising demand for carotenoids in the food and beverage sector is bolstering the market growth for carotenoids. This can be attributed to the increasing use of catenoids as food colours. The growing urbanization, along with increasing disposable income, technological advancement in the extraction of carotenoids and surging uses of carotenoids in healthcare, are some additional factors likely to fuel the market during the forecast period.

Going further, the market growth can be attributed to the increasing demand for lycopene, beta-carotene, and lutein to cure eye disorders, as well as reduce the risk of chronic disorders, like cancer, diabetes, and other health-related issues. Geographically, Europe is projected to hold a significant share in the market for carotenoids owing to the growing demand for health supplements and surging demand for qualitative food among consumers.

Key Market Players

The major players in the market are BASF SE, Allied Biotech Corporation, Divi’s Laboratories Limited, Lycored Corp., and Cyanotech Corporation, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among

Read More Reports:

Paint Roller Market:

Optical Fibre Market:

AR and VR Display Market:

Top Lithium Ion Battery Companies:

Hypervolt plus Cordless Vibration Massager Market:

About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

Media Contact:

Company Name: Claight Corporation
Contact Person: Eliana Grace, Business Consultant
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA