Carotenoids Market Share, Growth, Trends, and Forecasts 2020–2027
                     Carotenoids Market To Reach 
USD 2.19 Billion By 2026
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       Market  Summary
Rising demand for carotenoid supplements in 
treating Vitamin-A deficiency is estimated to 
stimulate market demand.
Market Size – USD 1.65 billion in 2018, Market 
Growth - CAGR of 3.5%, Market Trends – Increased 
investment in R&D to develop high-quality natural 
carotenoid.
            M  a Orkuetr  S Aumpmparroyach
 The global carotenoids market is expected to reach USD 2.19 Billion by 2026, according to a new report by Reports 
and Data. Carotenoids are the type of phytonutrients found in the cells of a wide variety of plants, algae, and 
bacteria. These phytonutrients help plants absorb light energy for use in photosynthesis. Carotenoids are essential 
anti-oxidants that play a significant role in animal health and reproduction. Carotenoid-containing foods are 
generally red, yellow or orange.
Carotenoids are extensively used as coloring agents in food and beverages industry. Nevertheless, with 
biotechnological advancements coupled with innovations in recombinant DNA technology, the extraction of 
carotenoids is now commercially feasible. Owing to this, there is an increase in the production of carotenoid-based 
products. The rise in consumer awareness regarding the health benefits of carotenoid-based supplements and 
fortified foods has led to the use of such products as a preventive measure against various health conditions 
including arthritis, diabetes, obesity, cancer, macular degeneration, and skin damage among others.
The growth in the market demand for functional foods is also estimated to propel the market demand for 
carotenoids. The carotenoid market is projected to rise significantly in the forecast period owing to high demand in 
end-use applications comprising food & beverages, animal feed, dietary supplements, personal care, and 
pharmaceuticals among others.
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       M   a r kOeut  Sru Ampmparyoach
Further key findings from the report suggest
• Beta-carotene accounted for more than 20% of the market share in the year 2018 and is projected 
to have a growth rate of 3.6% during the forecast period. The application of beta-carotene as a 
colorant, antioxidant, and as a rich source of vitamin A in food & beverages, animal feed, dietary 
supplements, personal care products, and pharmaceuticals is expected to propel the market 
growth.
• Natural sources of production of carotenoids are forecasted to observe the highest growth rate of 
3.8% in the forecast period. Rising consumer awareness about the health benefits and the gains 
associated with natural products is projected to boost market demand throughout the forecast 
period.
• At present, carotenoids are mostly used as additives and dyes in human and animal foods. Animal 
feed segment dominated the market and held more than 40% of the carotenoids market with a 
growth rate of 3.5% in the forecast period.
• Europe contributed to the largest market share in the forecast period with USD 0.63 billion in 2018 
due to the increasing demand for health supplements and animal feed.
To identify the key trends in the industry, click on the link below @ 
https://www.reportsanddata.com/report-detail/carotenoids-market
       M   a r kOeut  Sru Ampmparyoach
Key participants :  BASF, Allied Biotech, AquaCarotene, Algatechnologies, Kemin Industries, Cyanotech 
Corp., Brenntag, Divis Laboratories, Naturex SA, DSM Nutritional Products, D.D. Williamson, Lycored, 
FMC Corporation, and EID Parry.
For the purpose of this report, Reports and Data have segmented global carotenoid market on the 
basis of type, source, extraction, application, and region:
Type Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
Beta-Carotene
Alpha-Carotene
Lycopene
Lutein
Zeaxanthin
Beta-Cryptoxanthin
Astaxanthin
Others
        M  a  rOkeut  rSu Ampmparyoach
Extraction Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
Conventional Process (using organic solvents or vegetable oils)
Supercritical Fluid Extraction
Application Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
Food & Beverages
Animal Feed
Dietary Supplements
Personal Care
Pharmaceuticals
Others
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   A  b  oOuutr U Aspproach
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