The Global Market for Carotenoids

Report Code: FOD025G

Publish Date: May 2022

Publisher: BCC Publishing

Category: Food

Customize This Report

Single User License: $2500

Member Price: FREE

EXPLORE OFFERS

Explore Our Services

Already a member? Login to access this report free.

Report Highlights

The global carotenoid market should reach $2.7 billion by 2027 from $2.0 billion in 2022 at a compound annual growth rate (CAGR) of 5.7% for the forecast period of 2022 to 2027.

Report Includes

  • 70 data tables and 35 additional tables
  • An overview of the global market for carotenoids
  • Estimation of the market size and analyses of global market trends, with data from 2021, estimates for 2022 with projections of compound annual growth rates (CAGRs) through 2027
  • A review of commercial carotenoids with the objective of providing detailed insight into production technologies, market developments and market dynamics
  • Details on Annatto, Astaxanthin, Beta-carotene, Beta-apo-8-carotenal, Beta-apo-8-carotenal-ester, Canthaxanthin, Capsanthin and paprika extract, Lutein, Lycopene and Zeaxanthin, and coverage of their production process, regulatory framework, and applications
  • Information concerning the relevance of different production systems, application segments and regional distribution
  • Market share analysis of the key companies of the industry and coverage of their proprietary technologies, strategic alliances and other key market strategies
  • Comprehensive company profiles of the leading players of the industry, including Algatechnologies Ltd., BASF SE, Cyanotech Corp., Kemistar Industries Inc. and Vidya Europe

Report Scope

This report is an update of the BCC Research report FOD025F, The Global Market for Carotenoids, which was published in 2018. While no new types of carotenoids have come on the market in the last three years and no fundamentally new manufacturing technology has been introduced, the market for carotenoids has changed significantly for some product segments. Prices have dropped for a number of products while market value has risen for others.

Producers and users of carotenoids need an up-to-date analysis of the current situation and a well-documented forecast for future trends in the industry as the basis for their strategic and business planning. The report may also help players in other ingredient markets that are considering diversifying to determine whether carotenoids would be a good fit.

The report reviews the global markets for the following commercialized carotenoids:

  • Annatto.
  • Astaxanthin.
  • Beta-carotene.
  • Beta-apo-8-carotenal.
  • Beta-apo-8-carotenal-ester.
  • Canthaxanthin.
  • Capsanthin and paprika extract.
  • Lutein.
  • Lycopene.
  • Zeaxanthin.

Report Synopsis

Report Metrics Details
Base year considered 2021
Forecast period considered 2022-2027
Base year market size $1.9 billion
Market size forecast $2.6 billion
Growth rate CAGR of 5.7% from 2022 to 2027
Units considered $ Millions
Segments covered Type, End Use, Application
Companies studied
ALGATECHNOLOGIES LTD.ALLIED BIOTECH CORP.
BASF SECAROTECH BERHAD
CHR. HANSEN A/SCYANOTECH CORP.
DOHLER GROUPDEINOVE SAS
DIVI'S LABORATORIES LTD.E.I.D. PARRY
HANGZHOU PHARMCHEMICAL CO. LTD.KEMIN INDUSTRIES INC.
DSMNOVUS INTERNATIONAL INC.
SYNTAKE CHEMICALVIDYA EUROPE SAS
WUHAN HEZHONG BIO-CHEMICAL MANUFACTURE CO. LTD.WUHAN ZIPONT CHEM TECH CO. LTD.
ZHEJIANG NHU CO. LTD.
Need a custom data table, graph, region, segment, companies or complete report? CUSTOMIZE NOW

Analyst Credentials

BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.

Latest reports include:
Let us assist you! Our analysts are ready to tailor this report to your specific need. Talk to Our Analyst

Table of Contents

All reports provided in PDF format. For shared licensing options (5+ Users), please call a representative at (+1) 781-489-7301 or contact us at info@bccresearch.com
Title/Chapter NamePagesMember Price
Full Report: The Global Market for Carotenoids164Free
Chapter- 1: Introduction6Free
Chapter- 2: Summary and Highlights4Free
Chapter- 3: Market and Technology Background10Free
Chapter- 4: Principles of Production19Free
Chapter- 5: Industry Structure and Markets for Annatto9Free
Chapter- 6: Industry Structure and Markets for Astaxanthin19Free
Chapter- 7: Industry Structure and Markets for Beta-carotene30Free
Chapter- 8: Industry Structure and Markets for Apo-carotenal6Free
Chapter- 9: Industry Structure and Markets for Apo-ester5Free
Chapter- 10: Industry Structure and Markets for Canthaxanthin8Free
Chapter- 11: Industry Structure and Markets for Capsanthin and Paprika Extracts7Free
Chapter- 12: Industry Structure and Markets for Lutein11Free
Chapter- 13: Industry Structure and Markets for Lycopene13Free
Chapter- 14: Industry Structure and Markets for Zeaxanthin6Free
Chapter- 15: Company Profiles11Free
Published - Jun-2018| Analyst - Andrew McWilliams| Code - FOD025F

Report Highlights

The global market for Carotenoids reached $1.5 billion in 2017 and should reach $2.0 billion by 2022, at a compound annual growth rate (CAGR) of 5.7% for the period of 2017-2022

Report Includes

  • 82 data tables and 31 additional tables
  • An overview of the global market for carotenoids
  • Analyses of global market trends, with data from 2016, estimates for 2017, and projections of compound annual growth rates (CAGRs) through 2022
  • A review of commercial carotenoids with the objective of providing detailed insight into production technologies, market developments, and market dynamics
  • Details on Annatto, Astaxanthin, Beta-carotene, Beta-apo-8-carotenal, Beta-apo-8-carotenal-ester, Canthaxanthin, Capsanthin and paprika extract, Lutein, Lycopene, Zeaxanthin, and others
  • Information concerning the relevance of different production systems, application segments, and regional distribution
Published - Jul-2015| Analyst - Ulrich Marz| Code - FOD025E

Report Highlights

The global carotenoid market value was $1.5 billion in 2014. This market is expected to reach nearly $1.8 billion in 2019, with a compound annual growth rate (CAGR) of 3.9%.

Report Includes

  • An overview of the global market for carotenoids.
  • Analyses of global market trends, with data from 2013, estimates for 2014, and projections of compound annual growth rates (CAGRs) through 2019.
  • A review of commercial carotenoids with the objective of providing detailed insight into production technologies, market developments, and market dynamics
  • Details on Annatto, Astaxanthin, Beta-carotene, Beta-apo-8-carotenal, Beta-apo-8-carotenal-ester, Canthaxanthin, Capsanthin and paprika extract, Lutein, Lycopene, Zeaxanthin, and others
  • Information concerning the relevance of different production systems, application segments, and regional distribution.
Published - Sep-2011| Analyst - Ulrich Marz| Code - FOD025D

Report Highlights

The current market value of commercially used carotenoids is estimated at nearly $1.2 billion in 2010, with a chance to grow to $1.4 billion in 2018 with a compound annual growth rate of 2.3%.

Published - Mar-2008| Analyst - Ulrich Marz| Code - FOD025C

Report Highlights

  • The global market for carotenoids was $766 million in 2007. This is expected to increase to $919 million by 2015, a compound annual growth rate (CAGR) of 2.3%.
  • Beta-carotene has the largest share of the market. Valued at $247 million in 2007, this segment is expected to be worth $285 million by 2015, a CAGR of 1.8%.
  • Most carotenoids are still produced by chemical synthesis and will remain so over the study period.
Published - Jun-2005| Analyst - Ulrich Marz| Code - FOD025B

Report Highlights

  • The current worldwide market value of all commercially-used carotenoids is estimated at $887 million for 2004 and expected to rise at an average annual growth rate (AAGR) of 2.9% to just over $1 billion.
  • The largest outlet will remain feed, mainly because of the outstanding importance of astaxanthin and canthaxanthin.
  • The market value of beta-carotene was estimated at $242 million in 2004. Increasing competition from Asia has resulted in price pressure that will result in a very moderate 2.9% AAGR through 2009. Food still is the most important outlet, where it is widely used as a color.
  • The big marketing success of recent years is lutein when it was demonstrated that it could help reduce age-related macular degeneration. This pushed lutein’s market value up to $139 million in 2004.
Published - Aug-2000| Analyst - Ulrich Marz| Code - FOD025A

Report Highlights

  • The global carotenoid market is estimated to be $786 million, out of which food applications account for $209 million, feed applications for $462 million and pharmaceutical and OTC applications for $115 million.
  • The most important types of carotenoids are astaxanthin, with 28% of total sales, and b-carotene with a similar share. The third largest carotenoid is canthaxantin, with 19% of total sales. All other carotenoids show sales volumes in the range of $10 million to $80 million.
  • The global carotenoid market is supposed to increase to over $900 million in 2005. It is expected that the use of carotenoids will grow in all application segments, but mostly in the OTC sector as these products are among the most prominent for health conscious consumers.

Related Reports

The Global Market for Food Additives

Published - Oct 2024 | Publisher - BCC Publishing | Code - FOD009H

The global market for food additives is expected to grow from $80.4 billion in 2024 and is projected to reach $106.8 billion by the end of 2029, at a compound annual growth rate (CAGR) of 5.8% during the forecast period of 2024 to 2029.

Seaweed Extract: Global Markets

Published - Sep 2024 | Publisher - Kunal Nagpure | Code - FOD099B

The global market for seaweed extract is expected to grow from $17.5 billion in 2024 and is projected to reach $20.9 billion by the end of 2029, at a compound annual growth rate (CAGR) of 3.6% during the forecast period of 2024 to 2029.

World Markets for Fermentation Ingredients

Published - Nov 2022 | Publisher - BCC Publishing | Code - FOD020G

The global fermentation-derived fine chemicals market should reach $42.4 billion by 2027 from $32.0 billion in 2022 at a compound annual growth rate (CAGR) of 5.8% for the forecast period of 2022 to 2027.

Food Testing, Inspection and Certification Market: Global Market Opportunities and Competitive Landscape

Published - Sep 2022 | Publisher - BCC Publishing | Code - FOD114A

This report provides exhaustive coverage of the critical business issues defining the food testing, inspecting, and certification market. The report identifies significant revenue growth drivers (in specific categories) supporting the food testing, inspection, and certification market. The study also predicts the impact of internal and external factors on the current food testing, inspection, and certification market and the factors that will affect the industry in the coming years.

Recent Reports

Global Upcycled Food Market

Published - Dec 2024 | Publisher - Kunal Nagpure | Code - FOD135A

This report presents the global upcycled food market, offering detailed insights into its current scenario and future potential. It includes market projections through 2029, and evaluates the market position of key players.

Nutraceuticals: Global Markets

Published - Nov 2024 | Publisher - BCC Publishing | Code - FOD013J

The global market for nutraceuticals is expected to grow from $418.2 billion in 2024 and is projected to reach $571.3 billion by the end of 2029, at a compound annual growth rate (CAGR) of 6.4% during the forecast period of 2024 to 2029.

Global Market for Coffee Machines

Published - Oct 2024 | Publisher - Kunal Nagpure | Code - FOD134A

This comprehensive report explores the global coffee machine market, offering detailed insights into its current scenario and future potential. The analysis thoroughly examines market drivers, restraints, challenges, and opportunities, providing stakeholders with a holistic understanding of the industry dynamics.

The Global Market for Food Additives

Published - Oct 2024 | Publisher - BCC Publishing | Code - FOD009H

The global market for food additives is expected to grow from $80.4 billion in 2024 and is projected to reach $106.8 billion by the end of 2029, at a compound annual growth rate (CAGR) of 5.8% during the forecast period of 2024 to 2029.

Processed Meat: Global Markets

Published - Sep 2024 | Publisher - Kunal Nagpure | Code - FOD133A

This report provides an overview of the global processed meat market, offering detailed insights into its current scenario and future potential. It includes market projections through 2029 and evaluates the market position of key players. The report categorizes the processed meat market based on product type, animal type, distribution channel, and region.

Top Trending Reports

Single-use Technologies for Biopharmaceuticals: Global Markets

Published - Nov 2024 | Publisher - BCC Publishing | Code - BIO099F

The global market for single-use technologies for biopharmaceuticals is expected to grow from $6.5 billion in 2024 and is projected to reach $11.2 billion by the end of 2029, at a compound annual growth rate (CAGR) of 11.6% during the forecast period of 2024 to 2029.

Cell and Gene Therapy Tools, and Reagents: Global Markets

Published - Nov 2024 | Publisher - BCC Publishing | Code - BIO208C

The global market for Cell and Gene Therapy (CGT) Tools and Reagents is estimated to increase from $10.0 billion in 2024 to reach $16.7 billion by 2029, at a compound annual growth rate (CAGR) of 10.8% from 2024 through 2029.

Global Market Opportunities and Competitive Landscape for CDMO

Published - Nov 2024 | Publisher - BCC Publishing | Code - PHM238B

The global CDMO market was valued at $128.0 billion in 2023. This market is expected to grow from $136.6 billion in 2024 to $191.6 billion by the end of 2029, at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2029.

Chronic Disease Management: Therapeutics, Device Technologies and Global Markets

Published - Oct 2024 | Publisher - BCC Publishing | Code - HLC239C

The global market for chronic disease management therapeutics and device technologies was valued at $675.0 billion in 2023. It is projected to grow from $726.3 billion in 2024 to $1.1 trillion by 2029, at a compound annual growth rate (CAGR) of 8.1% from 2024 through 2029.

Medical Devices Industry: Competitive Landscape

Published - Nov 2024 | Publisher - BCC Publishing | Code - MDS010C

The global market for medical devices is estimated to increase from 810.4 billion in 2024 to reach $1.3 trillion by 2029, at a compound annual growth rate (CAGR) of 9.8% from 2024 through 2029.

Become A Member

BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.

Find Out More

Custom Consulting

BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.

Customize Now

Scorecard

The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.

Find Out More

Innovation Spotlight

Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.

Find Out More
The Global Market for Carotenoids
Customize Report