Carotenoids Market Projected to Reach $2.26 Billion by 2030

 Meticulous Research®—a leading global market research company, published a research report titled, ‘Carotenoids Market by Type (Astaxanthin, Beta-carotene, Lutein, Lycopene, Zeaxanthin), Form (Beadlets, Liquid), Source (Synthetic, Natural), Application (Feed, Food & Beverages, Dietary Supplements, Cosmetics, Pharmaceuticals) - Global Forecasts to 2030.’

Download Free Sample Report@ https://www.meticulousresearch.com/download-sample-report/cp_id=5440?utm_source=pdf&utm_medium=social&utm_campaign=product&utm_content=31-07-2024

Meticulous Research® has released a new report predicting that the global carotenoids market will grow to $2.26 billion by 2030, with a compound annual growth rate (CAGR) of 3.8% from 2023 to 2030. Key factors driving this growth include the rising demand for natural colorants, increasing prevalence of eye diseases and cancer, growing awareness of clean-label products, and the surging popularity of natural skincare cosmetics

Growth Drivers and Opportunities

The carotenoids market is set to benefit from expanding use in aquaculture and significant growth opportunities in regions such as Asia-Pacific, Latin America, and the Middle East & Africa. However, challenges like stringent regulatory norms and the high costs associated with natural pigments persist.

Type Segmentation

Astaxanthin: Expected to dominate the market in 2023 due to its high demand in nutraceutical applications, cancer treatment, and extensive use in aquaculture and animal feed industries.

Lutein: Projected for significant growth thanks to its effectiveness in treating age-related eye disorders like cataracts and macular degeneration.

Beadlets: Predicted to lead in 2023 due to benefits such as increased stability, high purity, and enhanced shelf life. These carotenoids, developed from spray drying technology, offer excellent flow properties and durability under high pressure.

Natural Carotenoids: Anticipated to grow rapidly due to consumer preference for natural ingredients in food & beverages, cosmetics, pharmaceuticals, and other products. Their unique antioxidant and coloring properties and suitability for production in ideal cell factories drive this segment's expansion.

Application Segmentation

Feed: Expected to hold the largest market share in 2023, driven by the growth of the aquaculture industry, increased seafood consumption, compound feed production, and demand for nutritious animal feed.

Dietary Supplements: Predicted to grow significantly due to the prevalence of chronic diseases and a shift towards natural carotenoids fueled by rising health awareness.

Geographic Segmentation

Europe: Forecasted to hold the largest market share in 2023, thanks to its robust food & beverage industry, rising health and wellness trends, increased meat consumption, high feed production, and established cosmetics industry. The aging population in Europe has also spurred demand for lutein, lycopene, and beta-carotene to manage cataracts and reduce the risk of diabetes, cancer, and cardiovascular diseases.

Key Players

Allied Biotech Corporation (China)BASF SE (Germany)Chr. Hansen Holding A/S (Denmark)Cyanotech Corporation (U.S.)DDW, Inc. (U.S.)Deinove SA (France)Divi's Laboratories Limited (India)Döhler GmbH (Germany)ExcelVite Sdn. Bhd. (Malaysia)Kemin Industries, Inc.(U.S.)Koninklijke DSM N.V. (Netherlands)Lycored Corp. (Israel)Novus International, Inc. (U.S.)Vidya Europe SAS (France)Zhejiang NHU Co., Ltd. (China)

The global carotenoids market is poised for robust growth, driven by advancements in applications and increasing consumer demand for natural, health-promoting products. Despite regulatory and cost challenges, the market's expansion into emerging economies and the integration of innovative technologies present a promising future.

 Buy Now@ https://www.meticulousresearch.com/Checkout/97481881?utm_source=pdf&utm_medium=social&utm_campaign=product&utm_content=31-07-2024

About Meticulous Research®:

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

Comments

Post a Comment

Popular posts from this blog

Industrial Fasteners Market Poised for Robust Growth Amid Rising Demand Across Key Sectors

Image
  " Industrial Fasteners Market  Size And Forecast by 2032 According to Data Bridge Market Research Global industrial fasteners market size was valued at USD 102.58 billion in 2024 and is projected to reach USD 161.05 billion by 2032, with a CAGR of 5.80% during the forecast period of 2025 to 2032. Industrial Fasteners Market is making waves in the industry with its latest advancements and market-driven strategies. As a leading player, Mechanical Fasteners Market continues to push boundaries by offering cutting-edge solutions that cater to evolving consumer demands. With a strong focus on innovation, Industrial Fasteners Market has successfully expanded its global footprint, providing businesses with high-quality services and products. The rapid growth of Bolts and Nuts Market is fueled by technological advancements, customer-centric approaches, and strategic partnerships. As Industrial Fasteners Market strengthens its position, it remains committed to delivering value-driven ...
Read more

Global Bulletproof Jacket Market: Emerging Trends, Growth Insights, and Future Outlook

Image
  " Bullet Proof Jacket Market  Size And Forecast by 2030 The Bullet Proof Jacket Market is an evolving industry that holds significant potential across various sectors, driven by advancements in technology, shifting consumer preferences, and growing demand for innovative solutions. With a robust ecosystem of players and a dynamic competitive landscape, the market offers ample opportunities for growth and value creation. This report delves into the size, share, and scope of the Bullet Proof Jacket Market, providing a detailed analysis of its current state and future outlook. Data Bridge Market Research analyses that the Global Bullet Proof Jacket Market which was USD 1.25 Billion in 2022 is expected to reach USD 1.82 Billion by 2030 and is expected to undergo a CAGR of 4.80% during the forecast period of 2022 to 2030 Get a Sample PDF of Report -  https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-bullet-proof-jacket-market   Which are the top comp...
Read more

Dish Antennas Market Set for Significant Growth Amid Rising Demand for Satellite TV and Broadband Services

Image
  " Dish Antennas Market  Size, Share, and Trends Analysis Report—Industry Overview and Forecast to 2031   The Satellite Dish Market is expanding rapidly, driven by increasing consumer demand, technological advancements, and industry-wide innovation. According to top market research firms, businesses in the Parabolic Reflector Antenna Market are prioritizing digital transformation, product development, and data-driven decision-making to stay competitive. With rising investments in automation and efficiency, the TV Reception Dish Market is evolving to meet changing customer preferences. Key players are focusing on research-backed strategies to strengthen their position in the Wireless Communication Antennas, ensuring long-term growth and sustainability. Reports highlight that leading companies are integrating advanced technologies to enhance operational efficiency and customer satisfaction in the Direct Broadcast Satellite (DBS) Dish Market. The Dish Antenna...
Read more