Global carotenoids market is expected to grow at a steady CAGR during the forecast period. The global carotenoids market is driven by the increased product demand from various end user industries such as pharmaceutical industry, cosmetic industry, among others. Click :

1. MARKET INTELLIGENCE . CONSULTING
www.techsciresearch.com
2015 – 2025
GLOBAL CAROTENOIDS MARKET
FORECAST & OPPORTUNITIES

2. 2
Scope of Report
Product of Interest (POI): Carotenoids
Review Period
2015 – 2018
Base Year
2019
Estimated Year
2020
Forecast Period
2021 – 2025
Year Range
Global carotenoids market is expected to grow at a steady CAGR during the forecast period. The global
carotenoids market is driven by the increased product demand from various end user industries such as
pharmaceutical industry, cosmetic industry, among others. Moreover, growing awareness among the
consumers regarding the benefits of consuming healthy food is anticipated to positively impact the growth
of market during the forecast years. Also, increase in research and developmental activities is further
expected to bolster the growth of market over the next few years.
Market Segmentation
REGION
• Asia-Pacific
• Europe
• North America
• South America
• Middle East & Africa (MEA)
FORMULATION
• Beadlet
• Powder
• Oil Suspension
• Emulsion
SOURCE
• Synthetic Carotenoids
• Natural Carotenoids
APPLICATION
• Feed
• Food & Beverages
• Dietary Supplements
• Cosmetics
• Pharmaceuticals
TYPE
• Astaxanthin
• Beta-Carotene
• Lutein
• Lycopene
• Canthaxanthin
• Zeaxanthin

3. 3
Table of Contents
S. No. Contents Page No.
1. Product Overview
2. Research Methodology
3. Impact of COVID-19 on Global Carotenoids Market
4. Executive Summary
5. Voice of Customer
6. Global Carotenoids Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Source (Synthetic Carotenoids Vs Natural Carotenoids)
6.2.2. By Type (Astaxanthin, Beta-Carotene, Lutein, Lycopene, Canthaxanthin, and Zeaxanthin)
6.2.3. By Application (Feed, Food & Beverages, Dietary Supplements, Cosmetics, and Pharmaceuticals)
6.2.4. By Formulation (Beadlet, Powder, Oil Suspension and Emulsion)
6.2.5 By Company (2019)
6.2.6. By Region (Asia-Pacific, Europe, North America, South America and Middle East & Africa)
6.3. Market Attractiveness Index
7. Asia-Pacific Carotenoids Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value

4. 4
Table of Contents
S. No. Contents Page No.
7.2. Market Share & Forecast
7.2.1. By Source
7.2.2. By Type
7.2.3. By Application
7.2.4. By Formulation
7.2.5. By Country (China, India, Japan, South Korea, Australia)
7.3. Asia-Pacific: Country Analysis
7.3.1. China Carotenoids Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Source
7.3.1.2.2. By Type
7.3.1.2.3. By Application
7.3.2. India Carotenoids Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Source

5. 5
Table of Contents
S. No. Contents Page No.
7.3.2.2.2. By Type
7.3.2.2.3. By Application
7.3.3. Japan Carotenoids Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Source
7.3.3.2.2. By Type
7.3.3.2.3. By Application
7.3.4. South Korea Carotenoids Market Outlook
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Value
7.3.4.2. Market Share & Forecast
7.3.4.2.1. By Source
7.3.4.2.2. By Type
7.3.4.2.3. By Application
7.3.5. Australia Carotenoids Market Outlook
7.3.5.1. Market Size & Forecast
7.3.5.1.1. By Value

6. 6
Table of Contents
S. No. Contents Page No.
7.3.5.2. Market Share & Forecast
7.3.5.2.1. By Source
7.3.5.2.2. By Type
7.3.5.2.3. By Application
8. Europe Carotenoids Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Source
8.2.2. By Type
8.2.3. By Application
8.2.4. By Formulation
8.2.5. By Country (France, Germany, United Kingdom, Italy, Spain)
8.3. Europe: Country Analysis
8.3.1. France Carotenoids Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Source

7. 7
Table of Contents
S. No. Contents Page No.
8.3.1.2.2. By Type
8.3.1.2.3. By Application
8.3.2. Germany Carotenoids Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Source
8.3.2.2.2. By Type
8.3.2.2.3. By Application
8.3.3. United Kingdom Carotenoids Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Source
8.3.3.2.2. By Type
8.3.3.2.3. By Application
8.3.4. Italy Carotenoids Market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value

8. 8
Table of Contents
S. No. Contents Page No.
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Source
8.3.4.2.2. By Type
8.3.4.2.3. By Application
8.3.5. Spain Carotenoids Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Source
8.3.5.2.2. By Type
8.3.5.2.3. By Application
9. North America Carotenoids Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Source
9.2.2. By Type
9.2.3. By Application
9.2.4. By Formulation

9. 9
Table of Contents
S. No. Contents Page No.
9.2.5. By Country (United States, Canada, Mexico)
9.3. North America: Country Analysis
9.3.1. United States Carotenoids Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Source
9.3.1.2.2. By Type
9.3.1.2.3. By Application
9.3.2. Canada Carotenoids Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Source
9.3.2.2.2. By Type
9.3.2.2.3. By Application
9.3.3. Mexico Carotenoids Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value

10. 10
Table of Contents
S. No. Contents Page No.
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Source
9.3.3.2.2. By Type
9.3.3.2.3. By Application
10. South America Carotenoids Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Source
10.2.2. By Type
10.2.3. By Application
10.2.4. By Formulation
10.2.5. By Country (Brazil, Argentina, Colombia)
10.3. South America: Country Analysis
10.3.1. Brazil Carotenoids Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1 By Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Source

11. 11
Table of Contents
S. No. Contents Page No.
10.3.1.2.2. By Type
10.3.1.2.3. By Application
10.3.2. Argentina Carotenoids Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1 By Value
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Source
10.3.2.2.2. By Type
10.3.2.2.3. By Application
10.3.3. Colombia Carotenoids Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1 By Value
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Source
10.3.2.2.2. By Type
10.3.2.2.3. By Application
11. Middle East & Africa Carotenoids Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value

12. 12
Table of Contents
S. No. Contents Page No.
11.2. Market Share & Forecast
11.2.1. By Source
11.2.2. By Type
11.2.3. By Application
11.2.4. By Formulation
11.2.5. By Country (South Africa, Saudi Arabia, UAE)
11.3. Middle East & Africa : Country Analysis
11.3.1. South Africa Carotenoids Market Outlook
11.3.1.1. Market Size & Forecast
11.3.1.1.1. By Value
11.3.1.2. Market Share & Forecast
11.3.1.2.1. By Source
11.3.1.2.2. By Type
11.3.1.2.3. By Application
11.3.2. Saudi Arabia Carotenoids Market Outlook
11.3.2.1. Market Size & Forecast
11.3.2.1.1. By Value
11.3.2.2. Market Share & Forecast
11.3.2.2.1. By Source

13. 13
Table of Contents
S. No. Contents Page No.
11.3.2.2.2. By Type
11.3.2.2.3. By Application
11.3.3. UAE Carotenoids Market Outlook
11.3.3.1. Market Size & Forecast
11.3.3.1.1. By Value
11.3.3.2. Market Share & Forecast
11.3.3.2.1. By Source
11.3.3.2.2. By Type
11.3.3.2.3. By Application
12. Market Dynamics
12.1. Drivers
12.2. Challenges
13. Market Trends & Developments
14. Patent Analysis
15. Competitive Landscape
16. Strategic Recommendations
17. About Us & Disclaimer

14. RESEARCHMETHODOLOGY

15. 15
Research Methodology
✓ Identifying Key Opinion
Leaders
✓ Questionnaire Design
✓ In-depth Interviews
Data
Collection
Developing List
of Respondents
Formulating
Questionnaire
Market
Profiling
Data
Validation
Data
Analysis
In-depth secondary
research was conducted to
determine top players in
the global carotenoids
market, overall market size
and segmental market size.
In order to conduct
industry experts’
interviews, TechSci
formulated a detailed
discussion guide.
List of industry
players and industry
specialists was
developed.
TechSci conducted
interviews with
industry experts and
industry players for
data collection and
verification.
Data obtained as a
result of primary
and secondary
research was
validated through
rigorous
triangulation.
The data was scrutinized
using MS-Excel, statistical
tools and internal
proprietary database to
obtain qualitative and
quantitative insights about
the global carotenoids
market.
Data
Collection
Data Filter
& Analysis
Research &
Intelligence
Actionable
Insights
Business
Solution
Primary Research Desk Research CompanyAnalysis
✓ Recent Developments
✓ Market Changing
Aspects/Dynamics
✓ Government Policies
✓ Conclusion
✓ Market Participants
✓ Key Strengths
✓ LinkedIn
✓ TechSci Internal
Database
✓ Factiva
✓ Hoovers
Paid Sources
✓ Company Websites
✓ Company Annual
Reports
✓ White Paper Study
✓ Financial Reports
✓ Investor
Presentations
✓ Regulatory Body
✓ Associations, etc.
Secondary
Research
Primary Research

16. 16
Research Methodology
Baseline Methodology
Our dedicated team of industry experts has monitored and analyzed various aspects of the global carotenoids market. The team has analyzed the
outlook of various segments of this market, while considering the major influencing factors such as increased product demand from various end user
industries. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve
sustainability in the global carotenoids market.
Methodology Followed for Calculation of Market Size:
• Market Size by Value: Market size, in terms of value, for the year 2019 was calculated based on information collected through exhaustive
secondary research and primary surveys, with various key opinion leaders/stakeholders, such as carotenoids companies, channel partners, market
influencers & end users, industry experts, and other industry participants.
• The team interviewed more than 15 – 20 carotenoids companies, 100 – 120 end users, and 15 – 20 industry experts and other value chain
stakeholders in the global carotenoids market to obtain the overall market size from 2015 to 2019, which was validated by the Delphi technique.
Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2015-2019.

17. 17
Research Methodology
• Respondents were asked about the current and future market growth rates, market shares by type, by source, by application, by formulation, by
region and by company. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated
across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further
triangulated from other stakeholders.
Methodology Followed for Calculation of Market Shares:
• Market shares by type, by source, by application, by formulation, by region and by company were calculated based on the responses received
through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various
segments of carotenoids markets. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion
leaders after eliminating the outliers.
Methodology Followed for Forecasting:
• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in
SPSS/Tableau Software.
• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast global carotenoids
market, TechSci Research used various forecast techniques such as:
✓ Moving Average
✓ Time Series Analysis
✓ Regression Analysis
✓ Econometric and Judgmental Analysis

18. 18
Research Methodology
TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used
the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that
the figures compiled are only for the organized market including market share data. The currency used in the report is the Global Dollar (USD), with the
market size indicated in USD million.
Partial List of Companies Interviewed Key Secondary Sources
▪ Koninklijke DSM
▪ BASF
▪ Chr. Hansen
▪ Cyanotech Corporation
▪ Allied Biotech Corporation
▪ Lycored Limited
▪ Kemin Industries
▪ Fuji Chemical Industry Co Ltd.
▪ Novus International
▪ Döhler Group
▪ Excelvite Sdn. Bhd.
▪ DDW the Color House
▪ Farbest Brands
▪ Algatechnologies Ltd.
▪ Zhejiang NHU Co. Ltd.
▪ E.I.D. Parry
▪ Divi’s Laboratories
▪ Dynadis SARL
▪ Vidya Europe SAS
▪ Deinove SAS
▪ World Bank
▪ TechSci Research Proprietary Database & Knowledge
Repository
▪ Company Annual Reports
▪ Industry Magazines
▪ Industry Reports
▪ News Dailies
▪ Credible Paid Databases

19. 19
Industry Brief
According to TechSci Research report, “Global Carotenoids Market By Source (Synthetic Carotenoids Vs Natural Carotenoids), By Type (Astaxanthin, Beta-Carotene, Lutein, Lycopene,
Canthaxanthin, and Zeaxanthin, Others), By Application (Feed, Food & Beverages, Dietary Supplements, Cosmetics, and Pharmaceuticals), By Formulation (Beadlet, Powder, Oil Suspension and
Emulsion), By Region, Forecast & Opportunities, 2025”, global carotenoids market is expected to witness a steady CAGR during the forecast period. Increasing use of natural carotenoids as food
colorants is one of the major factors accounting for the growth of global carotenoids market. Moreover, improvements in the technologies being used for the extraction of carotenoids is expected to
bode well for the growth of global carotenoids market through the forecast period. In addition to this, surging utilization of carotenoids in preventive healthcare, is positively influencing the growth of
global carotenoids market. Also, growing consumption of supplements on account of rising health issues are making headway for the growth of global carotenoids market across the globe. Along with
this, these carotenoids act as antioxidants and therefore help in protecting the body from chronic diseases, cellular damage, and the effects of aging, which is anticipated to positively contribute to the
market growth during the next five years. However, there are some factors that might act as major impediments to the growth of global carotenoids market through 2025 such as stringent regulatory
and approval norms.
Global carotenoids market can be segmented based on source, type, application, formulation, company and region. Considering the application, the market is fragmented into feed, food &
beverages, dietary supplements, cosmetics, and pharmaceuticals. The feed segment dominated the global carotenoids market in terms of largest market share until 2019 and is further anticipated to
hold its dominance during the forecast years as well which can be accredited to the fact that carotenoids are widely used in animal nutrition products owing to their coloring properties. Moreover,
these products are incorporated in feed to pigment the egg yolks, broiler skin, fishes, and crustaceans, which is anticipated to boost the growth of segment during the next five years. In terms of
formulation, the market is fragmented into beadlet, powder, oil suspension and emulsion. Out of which, the beadlet segment is anticipated to grow at a high pace during the forecast period on
account of the benefits it offers such as increased stability, enhanced of shelf life and cold-water dispersion. This is a key factor augmenting the demand for carotenoids in the formulation segment.
Koninklijke DSM, BASF, Chr. Hansen, Cyanotech Corporation, Allied Biotech Corporation, Lycored Limited, Kemin Industries, Fuji Chemical Industry Co Ltd., Novus International, Döhler Group,
Excelvite Sdn. Bhd., DDW the Color House, Farbest Brands, Algatechnologies Ltd., Zhejiang NHU Co. Ltd., E.I.D. Parry, einove SAS are among others are the leading players operating in global
carotenoids market. The leading players are adopting several growth strategies to enhance the market scenario of carotenoids. Other competitive strategies include product launches; mergers &
acquisitions; agreements, partnerships, and collaborations; and expansions to diversify their product portfolio in order to strengthen their market position.
“Europe is forecast to dominate the global carotenoids market during the next five years on account of increase in the aging population in the region resulting in high demand for lutein, lycopene, and
beta-carotene in order to treat cataract and minimize the risks associated with cancer, diabetes and other heart-related issues. Furthermore, growing investments in this sector is also contributing to
the growing trend. Additionally, shift in preference for natural and clean label products is further boosting the market growth in Asia-Pacific region.”, said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.

20. 20
Sample Data - Snapshot
Global Carotenoids Market Size, By Value (USD Million), 2015-2025F
5.00 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00
2015 2019 2020E 2025F
By Value (USD Million)
CAGR By Value
XX%
CAGR By Value
YY%
North America Carotenoids Market Share, By Source, By Value, 2015–2025F
50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
2015 2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F
Natural
Carotenoids
Synthetic
Carotenoids
United States Carotenoids Market Share, By Type, By Value, 2015–2025F
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
16%
16%
16%
16%
16%
16%
16%
16%
16%
16%
16%
16%
16%
16%
16%
16%
16%
16%
16%
16%
16%
16%
2015
2016
2017
2018
2019
2020E
2021F
2022F
2023F
2024F
2025F
Astaxanthin Beta-Carotene Lutein Lycopene Canthaxanthin Zeaxanthin

21. 21
Report Ordering
Report Name: GLOBAL CAROTENOIDS MARKET
FORECAST & OPPORTUNITIES
2015 – 2025
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22. About Us & Disclaimer
TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas
to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting
models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and
global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the
market.
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obtained from the use of such inPriceation and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The inPriceation herein, together
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