Carotene Market size is estimated to be USD 1.2 Billion in 2024 and is expected to reach USD 1.9 Billion by 2033 at a CAGR of 6.2% from 2026 to 2033.
In 2022, the global carotene market was valued at approximately USD 1.5 billion and is projected to reach USD 2.8 billion by 2030, growing at a compound annual growth rate (CAGR) of 8.5% from 2024 to 2030. This growth is driven by increasing consumer awareness of the health benefits of carotenoids, rising demand for natural food colorants, and expanding applications in dietary supplements, pharmaceuticals, and animal feed industries. Regionally, North America held a significant market share, valued at around USD 500 million in 2022, due to high consumer demand for natural supplements and functional foods. Europe also demonstrated substantial growth, with a projected CAGR of 6% by 2025, influenced by stringent regulations on synthetic colorants and a preference for organic products. The Asia Pacific region is experiencing rapid expansion, with countries like China and India driving growth through increased health awareness and investment in food processing technologies, anticipating a CAGR of 8% through 2025. These regional trends present numerous opportunities for stakeholders to capitalize on the growing demand for carotene across diverse applications.
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DSM
BASF
Chempoint
Vinayak Ingredients
KANEGRADE
ChemFaces
Rajvi Enterprise
Daxinpharm
Unilex Colours & Chemicals Limited
Tian He Cheng
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Carotene Market
Food & Beverages
Cosmetics & Personal Care
Pharmaceuticals
Animal Feed
Natural Carotene
Synthetic Carotene
Beta-Carotene
Lutein
Lycopene
Astaxanthin
Powder
Liquid
Emulsions
Food Manufacturers
Cosmetics Manufacturers
Pharmaceutical Companies
Animal Feed Manufacturers
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Carotene Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Carotene Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Carotene Market, By Type
6. Global Carotene Market, By Application
7. Global Carotene Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Carotene Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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