Carotenoids Market is projected to expand at a steady CAGR over the forecast by 2028

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The Carotenoids market was valued at USD 1.63 billion in 2021 and is expected to reach USD 2.19 billion by the year 2028, at a CAGR of 4.3%.

Carotenoids are hydrophilic colorants blended by plants, fungi, algae, and bacteria. In plants, carotenoids contribute to the photosynthetic functions and defense them as anti-photodamage, in addition to supporting the production of phytohormones. As pigments, they are at fault for the red, orange, pink, and yellow colors of the leaves of plants, fruits, vegetables, and some birds, insects, fish, and crustaceans. About 750 types of carotenoids have been recognized in nature, but only about 100 are present in detectable amounts within the human diet. From 30 and 40 carotenoids have been discovered in human blood samples and the six most massive carotenoids are made of around 95% of the carotenoids discovered in blood plasma such as lycopene, lutein, β-carotene, β-cryptoxanthin, α-carotene, and zeaxanthin.

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IMR share data, market size and projections, key trends, growth drivers, and new company profiles are all revealed in the global Carotenoids Market 2022–2028 report. The market overview, common trends, demand, and recent developments that will have an impact on the industry's growth in the upcoming years are all covered in detail in the research. Market opportunities analysis for cold heading machines, strategic market growth analysis, product launches, market expansion, and technological advancements are emphasised. The size, potential growth, trends, and expansion plans used by the leading industry players are revealed in the Carotenoids market study.

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Leading Key Players Covered in Carotenoids market:

  • Allied Biotech
  • Dohler GmbH
  • FMC Corporation
  • Sensient Technologies
  • Chr Hansen Holdings A/S
  • Kemin Industries
  • Algatech Tech
  • Novus International Inc.
  • DDW The Color House
  • Lycored Ltd
  • Fuji Chemical Industry Co. Ltd.
  • I.D. Parry
  • Divi's Laboratories
  • Farbest Brands
  • Deinove SAS and others Major Players.

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Segmentation of the Carotenoids market:

By Type

  • Astaxanthin
  • Beta-Carotene
  • Canthaxanthin
  • Capsanthin
  • Others

By Source

  • Synthetic
  • Natural

By Application

  • Animal Feed
  • Food Beverages
  • Personal Care Cosmetics
  • Dietary Supplements
  • Pharmaceuticals

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Carotenoids Market - Size, Shares, Scope, Competitive Landscape and Segmentation Analysis:

The Carotenoids Market size, segment size (primarily encompassing product type, application, and geography), competitor landscape, current status, and development trends are all covered in this research. In addition, the paper offers solutions for businesses to combat COVID-19's dangers. Technological improvement and innovation will improve the product's performance, allowing it to be used in a wider range of downstream applications. Furthermore, consumer choice analysis, market dynamics (drivers, restraints, opportunities), new product introduction, COVID-19 impact, regional disputes, and carbon neutrality provide critical information for us to go deep into the Carotenoids Market.

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COVID-19 Impact Analysis of the Carotenoids Market:

The COVID-19 epidemic had a tremendous impact on the global economy, as well as the Carotenoids Market. The global economy has been severely impacted by the COVID-19 pandemic. The virus primarily affects small enterprises, but it also has an influence on huge corporations. The purpose of the report is to present a more detailed picture of the current situation, the economic slowdown, and the impact of COVID-19 on the entire sector.

Major Highlights of Carotenoids Market Report:

  • Define and discuss the growth of the global Carotenoids market
  • Analyze the various segments and dynamics of the Carotenoids market
  • To identify and make suitable business plans according to industry and economic shifts.
  • The key objective of presenting an in-depth research study on the global Carotenoids market is to conduct an extensive analysis and Carotenoids performance.
  • The report highlights the latest trends, market drivers, investment avenues for the new entrants, and the market players looking for market expansion.
  • It is helpful to combine relevant facts and offers a wealth of information and analysis on the global Carotenoids market.
  • This report assesses the performance and profit potential of the global Carotenoids market. Different variables are used to analyze attractiveness and strengths.

Table of Contents:

  • Market Introduction
  • Research Methodology
  • Executive Summary
  • Market Variables, Trend and Scope
  • Market Overview
  • Market Analysis Tools
  • Market Segmentation
  • Regional Landscape
  • Company Profiles
  • Impact of COVID-19
  • Competitive Intelligence and Competitive Matrix
  • Major Deals and Strategic Alliances Analysis
  • Relevant Case Studies and Latest News Updates
  • Key Market Takeaway Points from the Market Analysts

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