Boston, July 01, 2025 (GLOBE NEWSWIRE) — According to the latest study from BCC Research, “The Global Market for Carotenoids” is expected to grow from $2.1 billion in 2024 to $2.9 billion by the end of 2029 at a compound annual growth rate (CAGR) of 6.7% from 2024 through 2029.
This report provides insights into the global carotenoids market, examining the market shares of leading companies. It segments the market by source (synthetic and natural) and by product type (astaxanthin, beta carotene, lutein, lycopene, canthaxanthin, and others). It is further segmented by application, such as food and beverages, dietary supplements, and feed. Additionally, it offers regional forecasts for North America, Europe, Asia-Pacific and South America. This information helps stakeholders understand market trends and identify growth opportunities.
The factors driving the market include:
Increasing Demand for Dietary Supplements: Carotenoids are widely used as vitamin A precursors and antioxidants in health supplements, driving their demand as more consumers focus on personal health and wellness.
Growing Animal Feed Industry: Rising demand for nutrient-enriched animal feed, especially in poultry and aquaculture, boosts the use of carotenoids due to their pigmentation and health benefits.
Rising Demand for Natural Color Additives: With stricter regulations on synthetic colors and a growing preference for clean-label products, natural carotenoids are being adopted as effective alternatives in food and beverage applications.
Request a sample copy of the report on the global market for carotenoids.
Report Synopsis
| Report Metric | Details |
| Base year considered | 2023 |
| Forecast period considered | 2024-2029 |