Carotenoids Market Analysis, Drivers, Shares and Business
Overview Forecasts To 2025
“Carotenoids Market Report Includes in-depth analysis of Market Application,
Size, Specification, Trends, Major Manufacturers and Business Strategies by
Considering Types, Market Segmentation and Analysis.”
Industry Insights
The Global Carotenoids Market was estimated at USD 1.21 billion in the year 2015 and is likely to witness
significant growth, due to its increasing usage in numerous applications such as food, dietary supplements,
animal feed, cosmetics and pharmaceuticals. Growing health awareness among consumers has led to increased
usage of natural food products and nutritive supplements. This scenario is considered to drive the consumption
of carotenoids over the years ahead.
Carotenoids also known as tetraterpenoids are color imparting organic pigments, that naturally occur in fruits,
leafy vegetables, and roots. These products play the role of antioxidants and provide protection to the human
health against chronic diseases, cellular damage, and aging. These organic pigments have found a rising usage
in dietary supplements, due to growing health issues among the younger and older working populace groups
that are aged in the range of 18 to 64 years.
Tetraterpenoids are commercially available in orange, yellow and red colors. The orange colored products
include alpha-, beta-, and gamma-carotene, while the red and yellow ones include lycopene and lutein
respectively. Animal feed, cosmetics and pharmaceuticals are the next major uses of the market.
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