Global and United States Carotenoid Market Report & Forecast 2022-2028

Carotenoids are organic pigments that are produced by plants and algae, as well as several bacteria and fungi. Carotenoids can be produced from fats and other basic organic metabolic building blocks by all these organisms. The only animals known to produce carotenoids are aphids and spider mites, which acquired the ability and genes from fungi. Carotenoids from the diet are stored in the fatty tissues of animals, and exclusively carnivorous animals obtain the compounds from animal fat.
Market Analysis and Insights: Global and United States Carotenoid Market
This report focuses on global and United States Carotenoid market, also covers the segmentation data of other regions in regional level and county level.
Due to the COVID-19 pandemic, the global Carotenoid market size is estimated to be worth US$ 1079.5 million in 2022 and is forecast to a readjusted size of US$ 1187.4 million by 2028 with a CAGR of 1.6% during the review period. Fully considering the economic change by this health crisis, by Type, Astaxanthin accounting for % of the Carotenoid global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Application, Food was the leading segment, accounting for over percent market share in 2021, and altered to an % CAGR throughout this forecast period.
Carotenoids downstream is wide; the major fields are food, feed, pharmaceuticals and cosmetics etc. In recent years, these industries have developed rapidly. Increasing demand for food is expected to drive the demand for the Carotenoids market. As regions such as North America, China, and Europe are food ingredient driven regions, the demand for Carotenoidss is high in these areas.
Global Carotenoid Scope and Market Size
Carotenoid market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Carotenoid market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
For United States market, this report focuses on the Carotenoid market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.
Segment by Type
Astaxanthin
Beta-Carotene
Canthaxanthin
Lycopene
Lutein
Segment by Application
Food
Feed
Pharmaceuticals
Cosmetics
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
By Company
DSM
BASF
Allied Biotech
Chenguang Biotech
FMC
Dohler
Chr. Hansen
Carotech
DDW
Excelvite
Anhui Wisdom
Tian Yin
Kemin