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    Natural Carotenoids Market

    Natural Carotenoids Market by Type (Astaxanthin, Beta-carotene, Lutein, Lycopene, Canthaxanthin, Zeaxanthin), Form (Beadlets, Powder, Liquid, Gel), Source (Plant-sourced, Microorganism-sourced, Algae-sourced), Application (Feed, Food & Beverage, Dietary Supplements, Cosmetics, Pharmaceuticals), & Geography - Global Forecast to 2035

    Report ID:MRFB - 104545 Pages: 224 May-2025 Formats*: PDF Category: Food and Beverages Delivery: 24 to 48 Hours

    The global natural carotenoids market was valued at $1.35 billion in 2024. This market is expected to reach approximately $3.3 billion by 2035, growing from an estimated $1.44 billion in 2025, at a CAGR of 8.7% during the forecast period of 2025–2035.

    Report Overview

    This report examines the global market for natural carotenoids, focusing on how solution providers are responding to the growing consumer preference for natural food colors, rising health consciousness, increasing demand for functional foods, and the expanding applications across multiple industries worldwide. It offers a strategic evaluation of market dynamics, forecasts growth through 2035, and assesses competitive positioning at both global and regional/country levels.

    Key Market Drivers & Trends

    The natural carotenoids market is primarily driven by growing consumer preference for natural food colors, rising health consciousness and functional foods demand, increasing applications in nutraceuticals and dietary supplements, expanding cosmetics and personal care industry, and regulatory support for natural ingredients. The shift towards microencapsulation and nano-delivery systems, sustainable and organic sourcing practices are reshaping the industry, while plant-based and algae-derived carotenoids are gaining significant traction. Additionally, biotechnology and fermentation-based production methods and growing aquaculture industry applications are further driving market growth, especially in developed markets with advanced food processing infrastructure.

    Key Challenges

    Although the natural carotenoids market holds substantial growth potential, it encounters several challenges such as high production and processing costs, stability and shelf-life challenges, and limited availability of raw materials. Furthermore, hurdles like extraction process standardization, quality control and purity standards, supply chain complexities, and regulatory compliance across different regions pose significant barriers that could hinder market adoption in different parts of the world.

    Growth Opportunities

    The natural carotenoids market presents numerous avenues for high growth. Emerging markets offer substantial expansion opportunities for market players looking to reach new customer bases. Biotechnology and fermentation-based production provides another key opportunity, enhancing the scalability and sustainability of carotenoid production. Moreover, novel extraction and encapsulation technologies and the growing aquaculture industry are generating new revenue streams for solution providers as organizations seek efficient alternatives to synthetic colorants and additives.

    Market Segmentation Highlights

    By Type

    The Beta-carotene segment is expected to hold the largest share of the overall natural carotenoids market in 2025, due to its widespread applications across food & beverage, dietary supplements, and cosmetics industries. However, the Astaxanthin segment is expected to grow at the fastest CAGR during the forecast period, driven by increasing applications in aquaculture feed, dietary supplements for eye health, and premium cosmetic formulations.

    By Form

    The Powder segment is expected to dominate the overall natural carotenoids market in 2025, primarily due to its stability, ease of handling, and cost-effectiveness in manufacturing processes. However, the Liquid segment is expected to grow at the fastest CAGR through the forecast period, driven by increasing demand for ready-to-use formulations, better bioavailability, and growing applications in beverage industries.

    By Source

    The Plant-sourced Natural Carotenoids segment is expected to hold the largest share of the overall natural carotenoids market in 2025, due to established supply chains and consumer acceptance of plant-derived ingredients. However, the Algae-sourced Natural Carotenoids segment is expected to experience the fastest growth rate during the forecast period, driven by sustainable production methods, high purity levels, and increasing focus on marine-derived bioactive compounds.

    By Application

    The Food & Beverage segment is expected to hold the largest share of the overall natural carotenoids market in 2025, due to the widespread use of natural colorants in processed foods, beverages, and bakery products. However, the Dietary Supplements segment is expected to experience the fastest growth rate during the forecast period, driven by increasing health consciousness, aging population, and growing awareness about the health benefits of carotenoids.

    By Geography

    North America is expected to hold the largest share of the global natural carotenoids market in 2025, driven by advanced food processing infrastructure, high consumer awareness about natural ingredients, strong regulatory framework supporting natural additives, and significant investments in nutraceutical research. Additionally, the presence of major market players and high disposable income contribute significantly to market dominance. Europe follows as the second-largest market, bolstered by stringent regulations favoring natural ingredients and increasing focus on sustainable food production. However, Asia-Pacific is witnessing the fastest growth rate during the forecast period, primarily driven by expanding food processing industry, growing middle-class population, rising disposable income, and increasing adoption of functional foods and dietary supplements.

    Competitive Landscape

    The global natural carotenoids market is characterized by a diverse competitive environment, comprising established chemical companies, biotechnology specialists, agricultural processors, and innovative extraction technology providers, each adopting unique approaches to advancing natural carotenoid production and applications.

    Within this landscape, solution providers are segmented into industry leaders, market differentiators, vanguards, and emerging companies, with each group implementing distinct strategies to sustain their competitive edge. Leading companies are prioritizing integrated solutions that merge advanced extraction technologies with comprehensive application support, while also addressing sustainability challenges specific to various regions.

    Key Players

    The key players operating in the global natural carotenoids market are Koninklijke DSM N.V., Sensient Technologies Corporation, Archer Daniels Midland Company, Allied Biotech Corporation, FMC Corporation, Chenguang Biotechnology Group Co., Ltd., Kemin Industries, Inc., BASF SE, Döhler GmbH, Cyanotech Corporation, Fuji Chemical Industries Co., Ltd., DDW, Inc., Carotec, INC., ExcelVite Sdn. Bhd., Guangzhou Wisdom Bio-Technology Co., Ltd., Novus International, Inc., Lycored, Ltd., Farbest Brands, Algatechnologies Ltd., Divi's Laboratories Limited, and Dynadis SARL among others.

    Natural Carotenoids Market Report Summary

    Particulars

    Details

    Number of Pages

    224

    Format

    PDF & Excel

    Forecast Period

    2025–2035

    Base Year

    2024

    CAGR (Value)

    8.7%

    Market Size (Value) in 2025

    USD 1.35 Billion

    Market Size (Value) in 2035

    USD 3.3 Billion

    Segments Covered

    Market Assessment, by Type

    • Astaxanthin   
    • Beta-carotene   
    • Lutein   
    • Lycopene   
    • Canthaxanthin   
    • Zeaxanthin   
    • Other Carotenoids

    Market Assessment, by Form

    • Beadlets   
    • Powder   
    • Liquid   
    • Gel   
    • Other Forms

    Market Assessment, by Source

    • Plant-sourced Natural Carotenoids   
    • Microorganism-sourced Natural Carotenoids   
    • Algae-sourced Natural Carotenoids

    Market Assessment, by Application

    • Feed   
    • Food & Beverage   
    • Dietary Supplements   
    • Cosmetics   
    • Pharmaceuticals

    Countries Covered

    North America (U.S., Canada), Europe (Germany, U.K., France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Middle East & Africa

    Key Companies

    Koninklijke DSM N.V., Sensient Technologies Corporation, Archer Daniels Midland Company, Allied Biotech Corporation, FMC Corporation, Chenguang Biotechnology Group Co., Ltd., Kemin Industries, Inc., BASF SE, Döhler GmbH, Cyanotech Corporation, Fuji Chemical Industries Co., Ltd., DDW, Inc., Carotec, INC., ExcelVite Sdn. Bhd., Guangzhou Wisdom Bio-Technology Co., Ltd., Novus International, Inc., Lycored, Ltd., Farbest Brands, Algatechnologies Ltd., Divi's Laboratories Limited, Dynadis SARL

    Key Questions Answered in the Report:

    The global natural carotenoids market was valued at $1.35 billion in 2024. This market is expected to reach approximately $3.3 billion by 2035, growing from an estimated $1.44 billion in 2025, at a CAGR of 8.7% during the forecast period of 2025–2035.

    The global natural carotenoids market is expected to grow at a CAGR of 8.7% during the forecast period of 2025–2035.

    The global natural carotenoids market is expected to reach approximately $3.3 billion by 2035, growing from an estimated $1.44 billion in 2025, at a CAGR of 8.7% during the forecast period of 2025–2035.

    The key companies operating in this market include Koninklijke DSM N.V., Sensient Technologies Corporation, Archer Daniels Midland Company, Allied Biotech Corporation, FMC Corporation, Chenguang Biotechnology Group Co., Ltd., Kemin Industries, Inc., BASF SE, Döhler GmbH, Cyanotech Corporation, and others.

    Major trends shaping the market include microencapsulation and nano-delivery systems, sustainable and organic sourcing, combination products and synergistic formulations, and plant-based and algae-derived carotenoids production methods.
     

    •    In 2025, the Beta-carotene segment is expected to dominate the overall natural carotenoids market by type
    •    Based on form, the Powder segment is expected to hold the largest share of the overall market in 2025
    •    Based on source, the Plant-sourced Natural Carotenoids segment is expected to hold the largest share of the overall market in 2025
    •    Based on application, the Food & Beverage segment is expected to hold the largest share of the global market in 2025

    North America is expected to hold the largest share of the global natural carotenoids market in 2025, driven by advanced food processing infrastructure, high consumer awareness about natural ingredients, and strong regulatory framework supporting natural additives. Asia-Pacific is witnessing the fastest growth rate during the forecast period.

    The growth of this market is driven by growing consumer preference for natural food colors, rising health consciousness and functional foods demand, increasing applications in nutraceuticals and dietary supplements, expanding cosmetics and personal care industry, and regulatory support for natural ingredients.

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    Related Tag: Natural Carotenoids Market Cryptoxanthin Phytofluene Phytoene Plant Pigments Vegetable Pigments Plant-derived Antioxidants Plant Antioxidants Food Antioxidants Carotenoid-rich Foods Beta-carotene Sources Antioxidant Pigments
    Algae Products
    Food and Beverages

    1.  Market Definition & Scope  
       1.1.  Market Definition  
       1.2.  Market Ecosystem  
       1.3.  Currency  
       1.4.  Key Stakeholders  
    2.  Research Methodology  
       2.1.  Research Approach  
       2.2.  Process of Data Collection and Validation  
          2.2.1.  Secondary Research  
          2.2.2.  Primary Research/Interviews with Key Opinion Leaders from the Industry  
       2.3.  Market Sizing and Forecast  
          2.3.1.  Market Size Estimation Approach  
             2.3.1.1.  Bottom-up Approach  
             2.3.1.2.  Top-down Approach  
          2.3.2.  Growth Forecast Approach  
          2.3.3.  Assumptions for the Study  
    3.  Executive Summary  
       3.1.  Overview  
       3.2.  Segmental Analysis  
          3.2.1.  Natural Carotenoids Market Analysis: by Type  
          3.2.2.  Natural Carotenoids Market Analysis: by Form  
          3.2.3.  Natural Carotenoids Market Analysis: by Source  
          3.2.4.  Natural Carotenoids Market Analysis: by Application  
          3.2.5.  Natural Carotenoids Market, by Geography  
       3.3.  Competitive Landscape  
    4.  Market Insights  
       4.1.  Overview  
       4.2.  Factors Affecting Market Growth  
          4.2.1.  Drivers  
             4.2.1.1.  Growing Consumer Preference for Natural Food Colors  
             4.2.1.2.  Rising Health Consciousness and Functional Foods Demand  
             4.2.1.3.  Increasing Applications in Nutraceuticals and Dietary Supplements  
             4.2.1.4.  Expanding Cosmetics and Personal Care Industry  
             4.2.1.5.  Regulatory Support for Natural Ingredients  
          4.2.2.  Restraints  
             4.2.2.1.  High Production and Processing Costs  
             4.2.2.2.  Stability and Shelf-Life Challenges  
             4.2.2.3.  Limited Availability of Raw Materials  
             4.2.2.4.  Color Intensity Limitations Compared to Synthetic Alternatives  
          4.2.3.  Opportunities  
             4.2.3.1.  Emerging Markets Expansion  
             4.2.3.2.  Biotechnology and Fermentation-Based Production  
             4.2.3.3.  Novel Extraction and Encapsulation Technologies  
             4.2.3.4.  Growing Aquaculture Industry  
             4.2.3.5.  Personalized Nutrition Trends  
          4.2.4.  Trends  
             4.2.4.1.  Microencapsulation and Nano-Delivery Systems  
             4.2.4.2.  Sustainable and Organic Sourcing  
             4.2.4.3.  Combination Products and Synergistic Formulations  
             4.2.4.4.  Plant-Based and Algae-Derived Carotenoids  
          4.2.5.  Challenges  
             4.2.5.1.  Extraction Process Standardization  
             4.2.5.2.  Quality Control and Purity Standards  
             4.2.5.3.  Supply Chain Complexities  
             4.2.5.4.  Regulatory Compliance Across Different Regions  
       4.3.  Porter’s Five Forces Analysis  
          4.3.1.  Bargaining Power of Suppliers  
          4.3.2.  Bargaining Power of Buyers  
          4.3.3.  Threat of Substitutes  
          4.3.4.  Threat of New Entrants  
          4.3.5.  Degree of Competition  
       4.4.  Sustainability Impact on the Natural Carotenoids Market  
          4.4.1.  Environmental Sustainability Factors  
             4.4.1.1.  Sustainable Sourcing and Agriculture Practices  
             4.4.1.2.  Waste Reduction in Extraction Processes  
             4.4.1.3.  Carbon Footprint Reduction  
          4.4.2.  Market Response to Sustainability Demands  
             4.4.2.1.  Certified Organic and Fair Trade Products  
             4.4.2.2.  Manufacturer-led Green Initiatives  
          4.4.3.  Opportunities from Sustainability Focus  
             4.4.3.1.  Bio-Based Production Methods  
             4.4.3.2.  Circular Economy Applications  
       4.5.  Pricing Analysis  
    5.  Global Natural Carotenoids Market Assessment, by Type  
       5.1.  Overview  
       5.2.  Astaxanthin  
       5.3.  Beta-carotene  
       5.4.  Lutein  
       5.5.  Lycopene  
       5.6.  Canthaxanthin  
       5.7.  Zeaxanthin  
       5.8.  Other Carotenoids  
    6.  Global Natural Carotenoids Market Assessment, by Form  
       6.1.  Overview  
       6.2.  Beadlets  
       6.3.  Powder  
       6.4.  Liquid  
       6.5.  Gel  
       6.6.  Other Forms  
    7.  Global Natural Carotenoids Market Assessment, by Source  
       7.1.  Overview  
       7.2.  Plant-sourced Natural Carotenoids  
       7.3.  Microorganism-sourced Natural Carotenoids  
       7.4.  Algae-sourced Natural Carotenoids  
    8.  Global Natural Carotenoids Market Assessment, by Application  
       8.1.  Overview  
       8.2.  Feed  
       8.3.  Food & Beverage  
       8.4.  Dietary Supplements  
       8.5.  Cosmetics  
       8.6.  Pharmaceuticals  
    9.  Global Natural Carotenoids Market Assessment—by Geography  
       9.1.  Overview  
       9.2.  North America  
          9.2.1.  U.S.  
          9.2.2.  Canada  
       9.3.  Europe  
          9.3.1.  Germany  
          9.3.2.  U.K.  
          9.3.3.  France  
          9.3.4.  Italy  
          9.3.5.  Spain  
          9.3.6.  Rest of Europe  
       9.4.  Asia-Pacific  
          9.4.1.  China  
          9.4.2.  Japan  
          9.4.3.  India  
          9.4.4.  Australia  
          9.4.5.  Rest of Asia-Pacific  
       9.5.  Latin America  
          9.5.1.  Brazil  
          9.5.2.  Mexico  
          9.5.3.  Argentina  
          9.5.4.  Rest of Latin America  
       9.6.  Middle East & Africa  
    10.  Competition Analysis  
       10.1.  Overview  
       10.2.  Key Growth Strategies  
          10.2.1.  Market Differentiators  
          10.2.2.  Synergy Analysis: Major Deals & Strategic Alliances  
       10.3.  Competitive Benchmarking  
       10.4.  Competitive Dashboard  
          10.4.1.  Industry Leaders  
          10.4.2.  Market Differentiators  
          10.4.3.  Vanguards  
          10.4.4.  Emerging Companies  
       10.5.  Market Share Analysis/Market Ranking by the Key Players  
    11.  Company Profiles (Company Overview, Financial Overview, Product Portfolio, and Strategic Developments)  
       11.1.  Koninklijke DSM N.V.  
       11.2.  Sensient Technologies Corporation  
       11.3.  Archer Daniels Midland Company  
       11.4.  Allied Biotech Corporation  
       11.5.  FMC Corporation  
       11.6.  Chenguang Biotechnology Group Co., Ltd.  
       11.7.  Kemin Industries, Inc.  
       11.8.  BASF SE  
       11.9.  Döhler GmbH  
       11.10.  Cyanotech Corporation  
       11.11.  Fuji Chemical Industries Co., Ltd.  
       11.12.  DDW, Inc.  
       11.13.  Carotec, INC.  
       11.14.  ExcelVite Sdn. Bhd.  
       11.15.  Guangzhou Wisdom Bio-Technology Co., Ltd.  
       11.16.  Novus International, Inc.  
       11.17.  Lycored, Ltd.  
       11.18.  Farbest Brands  
       11.19.  Algatechnologies Ltd.  
       11.20.  Divi’s Laboratories Limited  
       11.21.  Dynadis SARL  
    12.  Appendix  
       12.1.  Available Customization  
       12.2.  Related Reports  
     

    List of Tables
    Table 1    Global Natural Carotenoids Market: Impact Analysis of Market Drivers (2023–2035)        
    Table 2    Global Natural Carotenoids Market: Impact Analysis of Market Restraints (2023–2035)    
    Table 3    Global Natural Carotenoids Market Size, by Type, 2023–2035 (USD Million)    
    Table 4    Astaxanthin Market Size, by Country/Region, 2023–2035 (USD Million)    
    Table 5    Astaxanthin Market Size, by Country/Region, 2023–2035 (Tons)    
    Table 6    Vegetable/Fruit Sources Rich in Β-Carotene (%)    
    Table 7    Beta-Carotene Market Size, by Country/Region, 2023–2035 (USD Million)
    Table 8    Beta-Carotene Market Size, by Country/Region, 2023–2035 (Tons)    
    Table 9    Lutein Market Size, by Country/Region, 2023–2035 (USD Million)
    Table 10    Lutein Market Size, by Country/Region, 2023–2035 (Tons)    
    Table 11    Lycopene Market Size, by Country/Region, 2023–2035 (USD Million)
    Table 12    Lycopene Market Size, by Country/Region, 2023–2035 (Tons)    
    Table 13    Canthaxanthin Market Size, by Country/Region, 2023–2035 (USD Million)
    Table 14    Canthaxanthin Market Size, by Country/Region, 2023–2035 (Tons)    
    Table 15    Zeaxanthin Market Size, by Country/Region, 2023–2035 (USD Million)
    Table 15    Zeaxanthin Market Size, by Country/Region, 2023–2035 (Tons)    
    Table 16    Other Carotenoids Market Size, by Country/Region, 2023–2035 (USD Million)
    Table 17    Other Carotenoids Market Size, by Country/Region, 2023–2035 (Tons)    
    Table 18    Global Natural Carotenoids Market Size, by Form, 2023–2035 (USD Million)    
    Table 19    Natural Carotenoid Beadlets Market Size, by Country/Region, 2023–2035 (USD Million)    
    Table 20    Natural Carotenoid Powders Market Size, by Country/Region, 2023–2035 (USD Million)    
    Table 21    Liquid Natural Carotenoids Market Size, by Country/Region, 2023–2035 (USD Million)    
    Table 22    Natural Carotenoid Gels Market Size, by Country/Region, 2023–2035 (USD Million)    
    Table 23    Natural Carotenoids Market Size for Other Forms, by Country/Region, 2023–2035 (USD Million)    
    Table 24    Global Natural Carotenoids Market Size, by Source, 2023–2035 (USD Million)    
    Table 25    Plant-sourced Natural Carotenoids Market Size, by Country/Region, 2023–2035 (USD Million)    
    Table 26    Microorganism-sourced Natural Carotenoids Market Size, by Country/Region, 2023–2035 (USD Million)
    Table 27    Algae-sourced Natural Carotenoids Market Size, by Country/Region, 2023–2035 (USD Million)    
    Table 28    Global Natural Carotenoids Market Size, by Application, 2023–2035 (USD Million)    
    Table 29    Natural Carotenoids Market Size for Feed, by Country/Region, 2023–2035 (USD Million)    
    Table 30    Natural Carotenoids Market Size for Food & Beverage, by Country/Region, 2023–2035 (USD Million)    
    Table 31    Natural Carotenoids Market Size for Dietary Supplements, by Country/Region, 2023–2035 (USD Million)
    Table 32    Natural Carotenoids Market Size for Cosmetics, by Country/Region, 2023–2035 (USD Million)    
    Table 33    Natural Carotenoids Market Size for Pharmaceuticals, by Country/Region, 2023–2035 (USD Million)    
    Table 34    Global Natural Carotenoids Market Size, by Region, 2023–2035 (USD Million)    
    Table 35    Europe: Natural Carotenoids Market Size, by Country/Region, 2023–2035 (USD Million)    
    Table 36    Europe: Natural Carotenoids Market Size, by Type, 2023–2035 (USD Million)
    Table 37    Europe: Natural Carotenoids Market Size, by Type, 2023–2035 (Tons)    
    Table 38    Europe: Natural Carotenoids Market Size, by Form, 2023–2035 (USD Million)    
    Table 39    Europe: Natural Carotenoids Market Size, by Source, 2023–2035 (USD Million)    
    Table 40    Europe: Natural Carotenoids Market Size, by Application, 2023–2035 (USD Million)    
    Table 41    Germany: Natural Carotenoids Market Size, by Type, 2023–2035 (USD Million)
    Table 42    Germany: Natural Carotenoids Market Size, by Type, 2023–2035 (Tons)    
    Table 43    Germany: Natural Carotenoids Market Size, by Form, 2023–2035 (USD Million)    
    Table 44    Germany: Natural Carotenoids Market Size, by Source, 2023–2035 (USD Million)    
    Table 45    Germany: Natural Carotenoids Market Size, by Application, 2023–2035 (USD Million)    
    Table 46    France: Natural Carotenoids Market Size, by Type, 2023–2035 (USD Million)
    Table 47    France: Natural Carotenoids Market Size, by Type, 2023–2035 (Tons)    
    Table 48    France: Natural Carotenoids Market Size, by Form, 2023–2035 (USD Million)    
    Table 49    France: Natural Carotenoids Market Size, by Source, 2023–2035 (USD Million)    
    Table 50    France: Natural Carotenoids Market Size, by Application, 2023–2035 (USD Million)    
    Table 51    U.K.: Natural Carotenoids Market Size, by Type, 2023–2035 (USD Million)
    Table 52    U.K.: Natural Carotenoids Market Size, by Type, 2023–2035 (Tons)    
    Table 53    U.K.: Natural Carotenoids Market Size, by Form, 2023–2035 (USD Million)    
    Table 54    U.K.: Natural Carotenoids Market Size, by Source, 2023–2035 (USD Million)    
    Table 55    U.K.: Natural Carotenoids Market Size, by Application, 2023–2035 (USD Million)    
    Table 56    Italy: Natural Carotenoids Market Size, by Type, 2023–2035 (USD Million)
    Table 57    Italy: Natural Carotenoids Market Size, by Type, 2023–2035 (Tons)    
    Table 58    Italy: Natural Carotenoids Market Size, by Form, 2023–2035 (USD Million)    
    Table 59    Italy: Natural Carotenoids Market Size, by Source, 2023–2035 (USD Million)    
    Table 60    Italy: Natural Carotenoids Market Size, by Application, 2023–2035 (USD Million)    
    Table 61    Spain: Natural Carotenoids Market Size, by Type, 2023–2035 (USD Million)
    Table 62    Spain: Natural Carotenoids Market Size, by Type, 2023–2035 (Tons)    
    Table 63    Spain: Natural Carotenoids Market Size, by Form, 2023–2035 (USD Million)    
    Table 64    Spain: Natural Carotenoids Market Size, by Source, 2023–2035 (USD Million)    
    Table 65    Spain: Natural Carotenoids Market Size, by Application, 2023–2035 (USD Million)    
    Table 67    RoE: Natural Carotenoids Market Size, by Type, 2023–2035 (USD Million)
    Table 68    RoE: Natural Carotenoids Market Size, by Type, 2023–2035 (Tons)    
    Table 69    RoE: Natural Carotenoids Market Size, by Form, 2023–2035 (USD Million)    
    Table 70    RoE: Natural Carotenoids Market Size, by Source, 2023–2035 (USD Million)    
    Table 71    RoE: Natural Carotenoids Market Size, by Application, 2023–2035 (USD Million)    
    Table 72    North America: Natural Carotenoids Market Size, by Country, 2023–2035 (USD Million)    
    Table 73    North America: Natural Carotenoids Market Size, by Type, 2023–2035 (USD Million)
    Table 74    North America: Natural Carotenoids Market Size, by Type, 2023–2035 (Tons)    
    Table 75    North America: Natural Carotenoids Market Size, by Form, 2023–2035 (USD Million)    
    Table 76    North America: Natural Carotenoids Market Size, by Source, 2023–2035 (USD Million)    
    Table 77    North America: Natural Carotenoids Market Size, by Application, 2023–2035 (USD Million)    
    Table 78    U.S.: Natural Carotenoids Market Size, by Type, 2023–2035 (USD Million)
    Table 79    U.S.: Natural Carotenoids Market Size, by Type, 2023–2035 (Tons)    
    Table 80    U.S.: Natural Carotenoids Market Size, by Form, 2023–2035 (USD Million)    
    Table 81    U.S.: Natural Carotenoids Market Size, by Source, 2023–2035 (USD Million)    
    Table 82    U.S.: Natural Carotenoids Market Size, by Application, 2023–2035 (USD Million)    
    Table 83    Canada: Natural Carotenoids Market Size, by Type, 2023–2035 (USD Million)
    Table 84    Canada: Natural Carotenoids Market Size, by Type, 2023–2035 (Tons)    
    Table 85    Canada: Natural Carotenoids Market Size, by Form, 2023–2035 (USD Million)    
    Table 86    Canada: Natural Carotenoids Market Size, by Source, 2023–2035 (USD Million)    
    Table 87    Canada: Natural Carotenoids Market Size, by Application, 2023–2035 (USD Million)    
    Table 88    Asia-Pacific: Natural Carotenoids Market Size, by Country/Region, 2023–2035 (USD Million)    
    Table 89    Asia-Pacific: Natural Carotenoids Market Size, by Type, 2023–2035 (USD Million)
    Table 90    Asia-Pacific: Natural Carotenoids Market Size, by Type, 2023–2035 (Tons)    
    Table 91    Asia-Pacific: Natural Carotenoids Market Size, by Form, 2023–2035 (USD Million)    
    Table 92    Asia-Pacific: Natural Carotenoids Market Size, by Source, 2023–2035 (USD Million)    
    Table 93    Asia-Pacific: Natural Carotenoids Market Size, by Application, 2023–2035 (USD Million)    
    Table 94    China: Natural Carotenoids Market Size, by Type, 2023–2035 (USD Million)
    Table 95    China: Natural Carotenoids Market Size, by Type, 2023–2035 (Tons)    
    Table 96    China: Natural Carotenoids Market Size, by Form, 2023–2035 (USD Million)    
    Table 97    China: Natural Carotenoids Market Size, by Source, 2023–2035 (USD Million)    
    Table 98    China: Natural Carotenoids Market Size, by Application, 2023–2035 (USD Million)    
    Table 99    India: Natural Carotenoids Market Size, by Type, 2023–2035 (USD Million)
    Table 100    India: Natural Carotenoids Market Size, by Type, 2023–2035 (Tons)    
    Table 101    India: Natural Carotenoids Market Size, by Form, 2023–2035 (USD Million)    
    Table 102    India: Natural Carotenoids Market Size, by Source, 2023–2035 (USD Million)    
    Table 103    India: Natural Carotenoids Market Size, by Application, 2023–2035 (USD Million)    
    Table 104    Japan: Natural Carotenoids Market Size, by Type, 2023–2035 (USD Million)
    Table 105    Japan: Natural Carotenoids Market Size, by Type, 2023–2035 (Tons)    
    Table 106    Japan: Natural Carotenoids Market Size, by Form, 2023–2035 (USD Million)    
    Table107    Japan: Natural Carotenoids Market Size, by Source, 2023–2035 (USD Million)    
    Table108    Japan: Natural Carotenoids Market Size, by Application, 2023–2035 (USD Million)    
    Table109    Australia: Natural Carotenoids Market Size, by Type, 2023–2035 (USD Million)
    Table110    Australia: Natural Carotenoids Market Size, by Type, 2023–2035 (Tons)    
    Table 110    Australia: Natural Carotenoids Market Size, by Form, 2023–2035 (USD Million)    
    Table 111    Australia: Natural Carotenoids Market Size, by Source, 2023–2035 (USD Million)    
    Table 112    Australia: Natural Carotenoids Market Size, by Application, 2023–2035 (USD Million)    
    Table 113    RoAPAC: Natural Carotenoids Market Size, by Type, 2023–2035 (USD Million)
    Table 114    RoAPAC: Natural Carotenoids Market Size, by Type, 2023–2035 (Tons)    
    Table 115    RoAPAC: Natural Carotenoids Market Size, by Form, 2023–2035 (USD Million)    
    Table 116    RoAPAC: Natural Carotenoids Market Size, by Source, 2023–2035 (USD Million)    
    Table 117    RoAPAC: Natural Carotenoids Market Size, by Application, 2023–2035 (USD Million)    
    Table 118    Latin America: Natural Carotenoids Market Size, by Country/Region, 2023–2035 (USD Million)    
    Table 119    Latin America: Natural Carotenoids Market Size, by Type, 2023–2035 (USD Million)
    Table 120    Latin America: Natural Carotenoids Market Size, by Type, 2023–2035 (Tons)    
    Table 121    Latin America: Natural Carotenoids Market Size, by Form, 2023–2035 (USD Million)    
    Table122    Latin America: Natural Carotenoids Market Size, by Source, 2023–2035 (USD Million)    
    Table 123 Latin America: Natural Carotenoids Market Size, by Application, 2023–2035 (USD Million)    
    Table 124    Brazil: Natural Carotenoids Market Size, by Type, 2023–2035 (USD Million)
    Table 125    Brazil: Natural Carotenoids Market Size, by Type, 2023–2035 (Tons)    
    Table 126    Brazil: Natural Carotenoids Market Size, by Form, 2023–2035 (USD Million)    
    Table 127    Brazil: Natural Carotenoids Market Size, by Source, 2023–2035 (USD Million)    
    Table 128    Brazil: Natural Carotenoids Market Size, by Application, 2023–2035 (USD Million)    
    Table 129    Mexico: Natural Carotenoids Market Size, by Type, 2023–2035 (USD Million)
    Table 130    Mexico: Natural Carotenoids Market Size, by Type, 2023–2035 (Tons)    
    Table 131    Mexico: Natural Carotenoids Market Size, by Form, 2023–2035 (USD Million)    
    Table 132    Mexico: Natural Carotenoids Market Size, by Source, 2023–2035 (USD Million)  
    Table 133    Mexico: Natural Carotenoids Market Size, by Application, 2023–2035 (USD Million)    
    Table 134    Argentina: Natural Carotenoids Market Size, by Type, 2023–2035 (USD Million)
    Table 135    Argentina: Natural Carotenoids Market Size, by Type, 2023–2035 (Tons)    
    Table 136    Argentina: Natural Carotenoids Market Size, by Form, 2023–2035 (USD Million)    
    Table 137    Argentina: Natural Carotenoids Market Size, by Source, 2023–2035 (USD Million)    
    Table 138    Argentina: Natural Carotenoids Market Size, by Application, 2023–2035 (USD Million)    
    Table 139    RoLATAM: Natural Carotenoids Market Size, by Type, 2023–2035 (USD Million)
    Table 140    RoLATAM: Natural Carotenoids Market Size, by Type, 2023–2035 (Tons)    
    Table 141    RoLATAM: Natural Carotenoids Market Size, by Form, 2023–2035 (USD Million)    
    Table 142    RoLATAM: Natural Carotenoids Market Size, by Source, 2023–2035 (USD Million)    
    Table 143    RoLATAM: Natural Carotenoids Market Size, by Application, 2023–2035 (USD Million)    
    Table 144    Middle East & Africa: Natural Carotenoids Market Size, by Type, 2023–2035 (USD Million)
    Table 145    Middle East & Africa: Natural Carotenoids Market Size, by Type, 2023–2035 (Tons)    
    Table 146    Middle East & Africa: Natural Carotenoids Market Size, by Form, 2023–2035 (USD Million)    
    Table 147    Middle East & Africa: Natural Carotenoids Market Size, by Source, 2023–2035 (USD Million)    
    Table 148    Middle East & Africa: Natural Carotenoids Market Size, by Application, 2023–2035 (USD Million)
    Table 149    Number of Developments by Major Market Players (2021–2024)    
            
    List of Figures        
    Figure 1        Key Stakeholders    
    Figure 2        Research Process    
    Figure 3        Key Secondary Sources    
    Figure 4        Primary Research Techniques    
    Figure 5        Key Executives Interviewed    
    Figure 6        Breakdown of Primary Interviews (Supply-Side & Demand-Side)    
    Figure 7        Market Size Estimation    
    Figure 8        Astaxanthin to be the Largest Segment    
    Figure 9        Beadlets to Remain the Largest Segment Through 2035    
    Figure 10    The Plant-sourced Natural Carotenoids Segment to Dominate the Global Market    
    Figure 11    The Feed Segment to Account for the Largest Share    
    Figure 12    Asia-Pacific to be the Fastest-Growing Regional Market    
    Figure 13    Market Dynamics    
    Figure 14    Global Natural Carotenoids Market Size, by Type, 2023 Vs. 2035 (USD Million)    
    Figure 15    Global Natural Carotenoids Market Size, by Form, 2023 Vs. 2035 (USD Million)    
    Figure 16    Global Natural Carotenoids Market Size, by Source, 2023 Vs. 2035 (USD Million)    
    Figure 17    Global Natural Carotenoids Market Size, by Application, 2023 Vs. 2035 (USD Million)    
    Figure 18    Key Adopters of Natural Carotenoids    
    Figure 19    Global Natural Carotenoids Market Size, by Region, 2023 Vs. 2035 (USD Million)    
    Figure 20    Europe: Natural Carotenoids Market Size, by Country/Region, 2023 Vs. 2035 (USD Million)    
    Figure 21    North America: Natural Carotenoids Market Size, by Country, 2023 Vs. 2035 (USD Million)    
    Figure 22    Asia-Pacific: Natural Carotenoids Market Size, by Country/Region, 2023 Vs. 2035 (USD Million)
    Figure 23    Latin America: Natural Carotenoids Market Size, by Country/Region, 2023 Vs. 2035 (USD Million)
    Figure 24    Key Growth Strategies Adopted by Leading Players, 2021–2024    
    Figure 25    Natural Carotenoids Market: Competitive Benchmarking, by Type    
    Figure 26    Koninklijke DSM N.V.: Financial Overview (2024)    
    Figure 27    Sensient Technologies Corporation: Financial Overview (2024)    
    Figure 28    Archer Daniels Midland Company: Financial Overview (2024)    
    Figure 29    FMC Corporation: Financial Overview (2024)    
    Figure 30    BASF SE: Financial Overview (2024)    
    Figure 31    Cyanotech Corporation: Financial Overview (2024)    
    Figure 32    Divi’s Laboratories Limited: Financial Overview (2024)    

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    Author Name:

    Shubham Lawande, Prashant Bombe

    Related Tag: Natural Carotenoids Market Cryptoxanthin Phytofluene Phytoene Plant Pigments Vegetable Pigments Plant-derived Antioxidants Plant Antioxidants Food Antioxidants Carotenoid-rich Foods Beta-carotene Sources Antioxidant Pigments
    Algae Products
    Food and Beverages
     
     
     

    The global natural carotenoids market was valued at $1.35 billion in 2024. This market is expected to reach approximately $3.3 billion by 2035, growing from an estimated $1.44 billion in 2025, at a CAGR of 8.7% during the forecast period of 2025–2035. Natural carotenoids are tetraterpene pigments that are found in photosynthetic bacteria, fungi, algae, and plants. About 850 naturally occurring carotenoids were reported as of 2020. Photosynthetic bacteria, fungi, algae, and plants can synthesize carotenoids. The growth of this market is mainly attributed to the rising demand for natural food colors, increasing awareness regarding clean-label products, rising incidence of eye diseases and cancer, and growing demand for natural skincare products. However, stringent regulatory and approval norms and high costs of natural colorants are expected to hinder market growth to some extent.

    Here are the top 10 companies operating in the Natural Carotenoids Market

    Koninklijke DSM N.V. (Netherlands)

    Founded in 1902 and headquartered in Heerlen, Netherlands, Koninklijke DSM (Dutch State Mines) is engaged in sourcing, manufacturing, and marketing nutritional products and functional materials. The company operates through four business segments, namely Nutrition, Materials, Innovation Center, and Corporate Activities. These businesses serve various industries, such as animal feed, food & beverage, pharmaceuticals, infant nutrition, dietary supplements, personal care, medical devices, automotive, paints, electrical & electronics, life protection, alternative energy, and bio-based materials. The company offers a wide range of natural carotenoids for pharmaceutical, dietary supplement, and food & beverage applications. The company has a geographic presence in North America, Latin America, Europe, Asia, and the Middle East & Africa.

    Sensient Technologies Corporation (U.S.)

    Founded in 1882 and headquartered in Milwaukee, U.S., Sensient Technologies Corporation is mainly involved in developing, manufacturing, and marketing colors, flavors, and fragrances. The company mainly operates through three business segments, namely Flavors & Extracts, Colors, and Asia-Pacific. The company offers natural colors through the Color segment and serves various industries, including food, beverage, personal care, nutraceuticals, and household products. As of December 31, 2019, the company’s principal color manufacturing plants were located in Missouri, New Jersey, Brazil, Canada, China, France, Germany, Italy, Mexico, Peru, Switzerland, and the U.K. The company has a geographic presence in North America, Europe, and Asia-Pacific.

    Archer Daniels Midland Company (U.S.)

    Founded in 1902 and headquartered in Illinois, U.S., Archer Daniels Midland Company (ADM) provides flavors and ingredients for food & beverage, livestock, animal nutrition, and health supplement products. The company operates through four business segments, namely Agriculture Services and Oilseeds, Carbohydrate Solutions, Nutrition, and Other. The company provides natural carotenoids through its Nutrition segment. The Nutrition segment manufactures, sells, and distributes natural flavor ingredients, flavor systems, natural colors, proteins, emulsifiers, soluble fiber, polyols, hydrocolloids, and natural health & nutrition products, including probiotics, prebiotics, enzymes, natural carotenoids, and botanical extracts; and other specialty food and feed ingredients; edible beans; formula feeds, and animal health & nutrition products. The company offers antioxidant compounds beta-carotene and anthocyanin for various food, beverage, and supplement applications.

    With its subsidiaries and a strong distribution network in over 200 countries, the company has a geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

    Allied Biotech Corporation (Taiwan)

    Founded in 2001 and headquartered in Taipei, Taiwan, Allied Biotech Corporation is engaged in the manufacture and sale of miscellaneous food products, precision chemical materials, and environmental chemicals. The company manufactures carotenoid formulations for the food, supplement, and feed industries. The company offers a wide range of carotenoid products, including β-Carotene, β-Apo-8′-Carotenal, Lycopene, Lutein, and Canthaxanthin. The company distributes its products within domestic and overseas markets, including the rest of Asia, Europe, and the Americas. The company has a geographic presence in the Americas, Asia-Pacific, Europe, and the Middle East & Africa.

    FMC Corporation (U.S.)

    Founded in 1883 and headquartered in Pennsylvania, U.S., FMC Corporation is an agricultural sciences company. The company provides growers with a product portfolio integrated with a discovery and development pipeline in crop protection, plant health, and pest and turf management. The company also offers natural carotenoids through its Herbicides segment. The company operates through four business segments, namely Insecticides, Herbicides, Fungicides, and Others. With 32 manufacturing facilities in 20 countries, the company has a geographic presence across North America, Europe, AsiaPacific, Latin America, and the Middle East & Africa.


    Kemin Industries, Inc. (U.S.)

    Founded in 1961 and headquartered in Iowa, U.S., Kemin Industries, Inc. manufactures nutritional ingredients. The company produces a wide range of specialty ingredients, including antioxidant formulations, natural extracts, liquid antimicrobial formulas, natural & synthetic antioxidants, mold inhibitors, forage preservatives, toxin binders, enzymes, probiotics, and carotenoids. Its products find applications in several industries, including animal nutrition & health, pet food technologies, rendering, dietary ingredients, food technologies, personal care, biofuels, and commercial greenhouses. Kemin Industries, Inc. has a geographic presence in several countries across North America, Latin America, Europe, AsiaPacific, and the Middle East & Africa. The company operates through its manufacturing facilities in Belgium, Brazil, China, India, Italy, Portugal, Singapore, South Africa, and the U.S.

    BASF SE (Germany)

    Founded in 1965 and headquartered in Ludwigshafen, Germany, BASF SE is engaged in the R&D, manufacturing, and marketing of various products for agriculture, automotive & transportation, chemicals, construction, energy & resources, paint & coatings, and pharmaceutical industries. The company operates through six business segments, namely Surface Technologies, Materials, Chemicals, Industrial Solutions, Agricultural Solutions, and Nutrition & Care. The company offers natural carotenoids through its Nutrition & Care segment. With its subsidiaries and a strong distribution network in more than 90 countries, the company has a geographic presence in Europe, North America, Asia-Pacific, South America, and the Middle East & Africa.

    Döhler GmbH (Germany)

    Founded in 1838 and headquartered in Darmstadt, Germany, Döhler produces, markets, and supplies technology-based natural ingredients, ingredient systems, and integrated solutions for the food & beverage industry. The company operates through four business segments, namely Natural Ingredients, Ingredient Systems, Ingredient Solutions, and Value Chain. The company’s product portfolio of natural ingredients includes natural flavors, natural colors, health ingredients, pulses & cereal ingredients, dairy & plant-based ingredients, fermented ingredients, dry fruit & vegetable ingredients, fruit & vegetable ingredients, and ingredient systems. The company offers natural carotenoid solutions for food & beverage applications. With 23 modern production sites, 24 application centers, and more than 50 sales offices, the company has a geographic presence in 130 countries across Asia-Pacific, Europe, South America, North America, and the Middle East & Africa.

    Cyanotech Corporation (U.S.)

    Incorporated in 1983 and headquartered in Hawaii, U.S., Cyanotech Corporation is engaged in the cultivation, production, and sale of microalgae-derived natural products for the health and human nutrition markets worldwide. The company operates through three business segments, namely Natural Astaxanthin Products, Spirulina Products, and Contract Extraction Services. Its products include BioAstin Hawaiian Astaxanthin, a dietary antioxidant that is used as a human dietary supplement and dietary ingredient to support and maintain the body’s natural inflammatory response, enhance skin, and support eye & joint health and immunity; and Hawaiian Spirulina Pacifica, a nutrient-rich dietary supplement, which is used for extra energy, a strengthened immune system, cardiovascular benefits, and as a source of antioxidant carotenoids.

    The company sells its products as packaged consumer products through distributors, retailers, and online channels; DTC (direct to consumer); and in bulk to manufacturers, formulators, and distributors. The company has a geographic presence in North America, Europe, and Asia-Pacific.

    DDW, Inc. (U.S.)

    Founded in 1865 and headquartered in Louisville, U.S., DDW provides natural colors, food colorings, caramel colors, and burnt sugars for food & beverage products. The company offers natural colors mainly derived from agricultural, biological, and mineral sources. The company also offers natural carotenoids for food & beverage applications. With ten manufacturing facilities, the company has a geographic presence across North America, Europe, Asia-Pacific, Latin America, and Africa.

    Popular Mention: Chenguang Biotechnology Group Co., Ltd. (China), Fuji Chemical Industries Co., Ltd. (Japan), Carotec, INC. (U.S.), ExcelVite Sdn. Bhd. (Malaysia), Guangzhou Wisdom Bio-Technology Co., Ltd. (China), Novus International, Inc. (U.S.), Lycored, Ltd. (Israel), Farbest Brands (U.S.), Algatechnologies Ltd. (Israel), Divi’s Laboratories Limited (India), and Dynadis SARL (France).

     

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