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  • Writer's pictureatharva hingane

Natural Carotenoids Market Global Outlook and Forecast 2023-2029

The global Natural Carotenoids market was valued at US$ 858.1 million in 2022 and is projected to reach US$ 1080.7 million by 2029, at a CAGR of 3.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.


This report focuses on Natural Carotenoids. Carotenoids, also called tetraterpenoids, are organic pigments that are produced by plants and algae, as well as several bacteria and fungi. Carotenoids give the characteristic color to carrots, corn, canaries, and daffodils, as well as egg yolks, rutabagas, buttercups, and bananas. Carotenoids can be produced from fats and other basic organic metabolic building blocks by all these organisms. Carotenoids from the diet are stored in the fatty tissues of animals, and exclusively carnivorous animals obtain the compounds from animal fat. There are over 600 known carotenoids, mainly included Beta -carotene, Lutein, lycopene, astaxanthin, canthaxanthin, lutein, carmine, capsaicin, fucoidin, etc.


This report aims to provide a comprehensive presentation of the global market for Natural Carotenoids, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Natural Carotenoids. This report contains market size and forecasts of Natural Carotenoids in global, including the following market information:


  • Global Natural Carotenoids Market Revenue, 2018-2023, 2024-2029, ($ millions)

  • Global Natural Carotenoids Market Sales, 2018-2023, 2024-2029, (MT)

  • Global top five Natural Carotenoids companies in 2022 (%)

The key players are DSM, Chenguang Biotech, FMC, Kemin, Oryza Oil & Fat Chemical, PoliNat, Amicogen, Nutraceuticals, Yigeda Bio-Technology, Dohler, Cyanotech, Fuji, Carotech, DDW, Excelvite, AnHui Wisdom, Tian Yin etc. Top 3 companies occupied about 47% market share.

We surveyed the Natural Carotenoids manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks. Total Market by Segment:

Global Natural Carotenoids Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (MT)

Global Natural Carotenoids Market Segment Percentages, by Type, 2022 (%)


  • Astaxanthin

  • Beta-Carotene

  • Fucoxanthin

  • Lutein

  • Canthaxanthin

  • Lycopene

  • Others

Global Natural Carotenoids Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (MT)

Global Natural Carotenoids Market Segment Percentages, by Application, 2022 (%)


  • Food

  • Feed

  • Pharmaceuticals

  • Cosmetics

  • Others

Global Natural Carotenoids Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (MT)

Global Natural Carotenoids Market Segment Percentages, By Region and Country, 2022 (%)


  • North America (United States, Canada, Mexico)

  • Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)

  • Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)

  • The Middle East and Africa (Middle East, Africa)

  • South and Central America (Brazil, Argentina, Rest of SCA)

Competitor Analysis

The report also provides analysis of leading market participants including:


  • Key companies Natural Carotenoids revenues in global market, 2018-2023 (Estimated), ($ millions)

  • Key companies Natural Carotenoids revenues share in global market, 2022 (%)

  • Key companies Natural Carotenoids sales in global market, 2018-2023 (Estimated), (MT)

  • Key companies Natural Carotenoids sales share in global market, 2022 (%)

Further, the report presents profiles of competitors in the market, key players include:


  • DSM

  • Chenguang Biotech

  • FMC

  • Kemin

  • Oryza Oil & Fat Chemical

  • PoliNat

  • Amicogen

  • Nutraceuticals

  • Yigeda Bio-Technology

  • Dohler

  • Cyanotech

  • Fuji

  • Carotech

  • DDW

  • Excelvite

  • AnHui Wisdom

  • Tian Yin

Chapter 1: Introduces the definition of Natural Carotenoids, market overview.

Chapter 2: Global Natural Carotenoids market size in revenue and volume.

Chapter 3: Detailed analysis of Natural Carotenoids manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Sales of Natural Carotenoids in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: Global Natural Carotenoids capacity by region & country.

Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 11: The main points and conclusions of the report.


Table of content

1 Introduction to Research & Analysis Reports1.1 Natural Carotenoids Market Definition1.2 Market Segments1.2.1 Market by Type1.2.2 Market by Application1.3 Global Natural Carotenoids Market Overview1.4 Features & Benefits of This Report1.5 Methodology & Sources of Information1.5.1 Research Methodology1.5.2 Research Process1.5.3 Base Year1.5.4 Report Assumptions & Caveats2 Global Natural Carotenoids Overall Market Size2.1 Global Natural Carotenoids Market Size: 2022 VS 20292.2 Global Natural Carotenoids Revenue, Prospects & Forecasts: 2018-20292.3 Global Natural Carotenoids Sales: 2018-20293 Company Landscape3.1 Top Natural Carotenoids Players in Global Market3.2 Top Global Natural Carotenoids Companies Ranked by Revenue3.3 Global Natural Carotenoids Revenue by Companies3.4 Global Natural Carotenoids Sales by Companies3.5 Global Natural Carotenoids Price by Manufacturer (2018-2023)3.6 Top 3 and Top 5 Natural Carotenoids Companies in Global Market, by Revenue in 20223.7 Global Manufacturers Natural Carotenoids Product Type3.8 Tier 1, Tier 2 and Tier 3 Natural Carotenoids Players in Global Market3.8.1 List of Global Tier 1 Natural Carotenoids Companies3.8.2 List of Global Tier 2 and Tier 3 Natural Carotenoids Companies4 Sights by Product4.1 Overview4.1.1 By Type - Global Natural Carot

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