Carotenoids Market Report 2026

The carotenoids market size has grown steadily in recent years. It will grow from $2 billion in 2025 to $2.1 billion in 2026 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to use of synthetic colorants, growth in food processing, expansion of animal feed industry, awareness of vitamin deficiencies, pharmaceutical research developments.

The carotenoids market size is expected to see strong growth in the next few years. It will grow to $2.62 billion in 2030 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to shift toward natural ingredients, growth in nutraceutical consumption, rising health conscious population, innovation in fermentation based carotenoids, expansion of cosmetic applications. Major trends in the forecast period include rising demand for natural colorants, growing use in dietary supplements, expansion of functional food applications, increasing adoption in animal feed nutrition, focus on antioxidant health benefits.

The rising number of eye diseases is expected to drive the growth of the carotenoids market in the coming years. Eye diseases refer to a broad range of medical conditions and abnormalities that affect the health and functioning of the eye and its associated structures. An increase in eye diseases can boost demand for carotenoid-based products and encourage research and innovation in the carotenoids market. Carotenoids help reduce the risk of cataracts and age-related macular degeneration and can improve visual function. For instance, in August 2023, according to the World Health Organization (WHO), a Switzerland-based government organization, globally at least 2.2 billion people have a near- or distance-vision impairment, and many cases, including those caused by cataracts and AMD, could have been prevented or remain unaddressed. Therefore, the growing prevalence of eye diseases is driving the growth of the carotenoids market going forward.

Major companies in the carotenoids market are investing in advanced production technologies to enhance profitability. Advanced production technologies aim to improve the efficiency, productivity, and sustainability of carotenoid production processes through innovative approaches. In March 2023, NovoNutrients, a US-based biotechnology company, introduced an innovative carotenoid production technology that is more efficient and environmentally friendly. This advancement could reduce the environmental impact of carotenoid production, making them more affordable and accessible. The scalability of this technology allows for large-scale carotenoid production, meeting the increasing global demand. It also opens up new opportunities for carotenoid applications across various industries.

In May 2023, Koninklijke DSM N.V., a nutrition materials company based in the Netherlands, merged with Firmenich SA. This merger seeks to create DSM-Firmenich AG as a prominent innovation partner in nutrition, health, and beauty, thereby strengthening their capabilities and offerings in these fields. Firmenich SA is a flavors company located in Switzerland.

Major companies operating in the carotenoids market are BASF SE, Koninklijke DSM N.V., Givaudan, FMC Corporation, Dohler Group, Chr. Hansen Holding A/S, Kemin Industries Inc., Naturex SA, Novus International Inc., LycoRed Corp., Cyanotech Corporation, ExcelVite Sdn. Bhd., Fuji Chemical Industry Co Ltd., Sensient Colors LLC, Algatechnologies Ltd., Valensa International LLC, Nutralliance Inc., Divi’s Nutraceuticals, Allied Biotech, Chenguang Biotech, DDW The Color House, Anhui Wisdom, Tian Yin, Zhejiang NHU, Jingzhou Natural Astaxanthin, JX Nippon Oil & Energy, Alphy, Synthite, Oryza Oil & Fat Chemical, PoliNat, Deinove SAS.

Europe was the largest region in the carotenoids market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the carotenoids market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the carotenoids market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The carotenoids market consists of sales of neoxanthin, antheraxanthin, violaxanthin, zeta-carotene, cryptoxanthin, alpha-carotene, and apocarotene. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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