Carotenoids Market Size, Share, Growth, Trends, and Global Industry Analysis: By Source (Natural, Synthetic), By Technology (Manually Operated Inhalers, Digitally Operated Inhalers), By Type (Beta-carotene, Astaxanthin, Canthaxanthin, Zeaxanthin, Lutein, Lycopene, Annatto, Others), By Applications (Food & Beverages, Animal Feed, Pharmaceuticals, Cosmetics, Dietary Supplements), and Region  

Carotenoids Market size was valued at US$ 1.4 billion in 2023 and is expected to grow at a CAGR of 5.5% from 2024-2030. Carotenoids are the organic pigments, which are also called tetraterpenoids. Carotenoids belong to the class of phytonutrients. They are generally produced by plants and algae, various bacteria and fungi, and some species of animals such as aphids and spider mites. The carotenoids are responsible for various fruits and vegetables red, yellow, and orange hues. Carotenoids have anti-inflammatory properties which help in the improvement of the immune system and also have the capability of preventing cardiovascular diseases. Carotenoids also have the cancer-fighting properties. Carotenoids act as antioxidants and are present in various organic fruits and vegetables such as mangoes, oranges, papaya, spinach, tomatoes, bell peppers, and many others.

The Carotenoids market report covers exhaustive regional information, that includes North America (the USA and Canada), Europe (Germany, France, Italy, UK, Spain, Russia, Poland, and the Rest of Europe), Asia-Pacific (Japan, China, India, Australia & New Zealand, ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others), South Korea, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentian, Venezuela, and Rest of Latin America), and Middle East and Africa (Gulf Cooperation Council (GCC) Countries, Israel, South Africa, and Rest of the Middle East and Africa).