Carotenoids Market to Signify Strong Growth by 2024-2031

Carotenoids Market is expected to grow at a CAGR of 3.0% during the forecast period. The possesses huge potential as carotenoids are an essential antioxidant that plays a crucial role in human health. These are potent antioxidants that can help prevent some forms of cancer and heart disease and supports to enhance the immune response to infections. Most common carotenoids include astaxanthin, beta carotene, lutein, zeaxanthin, and lycopene. Certain carotenoids can be converted into vitamin A, such as ?-Carotene and ?-carotene, which is important for human growth, eye health, and immune system function. Due to these advantages, carotenoids are significantly used in nutraceutical, pharmaceutical, and human food. Carotenoid-rich foods can prevent the growth of cancerous cells and protect healthy cells in the eye. There are some factors primarily boosting the growth of the market, which includes rising demand for natural colorants and a significant rise in the awareness regarding the health benefits of carotenoids.

In addition, the rising demand for dietary supplements is further encouraging the growth of the global carotenoids market. For instance, as per Council for Responsible Nutrition (CRN), 78% of the US adults aged more than 55 take dietary supplements, followed by those aged 35–54 (77%) and 18–34 (69%). This rise in the demand for dietary supplements tends to drive the demand for carotenoids. Carotenoids are highly soluble in fat and highly insoluble in water. They circulate in lipoproteins, along with cholesterol and other fats. The most commonly used carotenoids in the human diet include astaxanthin, ?-carotene, zeaxanthin, lutein, and lycopene. As a result, these carotenoids are used in dietary supplements as a nutritional component to fulfill the everyday requirement of nutrition or reduce the risk of medical conditions, such as hypertension and cancer. However, stringent government regulations are a major factor that is restricting market growth.

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• Carotenoids Market Segmentation
  By Product
  Astaxanthin
  Lutein
  Capsanthin
  Beta-Carotene
  Lycopene
  Others
  By Source
  Natural
• Synthetic
  By Application
  Nutraceutical
  Pharmaceutical
  Poultry Feed
• Human Food
  Others (Cosmetics)

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Regional Analysis           

North America                                                                                                           

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

•Latin America

•Middle East and Africa 

Company Profiles

• Allied Biotech Corp.
  BASF SE
• BioExtract
  Carotec, Inc.
  Chenguang Biotech Group Co., Ltd.
  Chr. Hansen Holding A/S
  Cyanotech Corp.
  DDW The Color House
  ExcelVite Sdn. Bhd.
  FMC Corp.
• Fuji Chemical Industries Co., Ltd.
  Kemin Industries, Inc.
• Koninklijke DSM N.V.
  Novus International, Inc.
• NOW Health Group, Inc.
  Sensient Technologies Corp.
  Valensa International
  Vidya Herbs Pvt Ltd.
• Vinayak Ingredients India Pvt Ltd.
  Yigeda Bio-Technology Co., Ltd.

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