The Global Carotenoids Market is expected to reach US$ 2.8 billion by the end of 2028- RationalStat

WILMINGTON, Del. - Nov. 29, 2022 - PRLog -- The report, titled "Global Carotenoids Market" assesses the carotenoids market worldwide upon origin, type, usage and region.A thorough report offers an in-depth historical and forecast market size, along with a trend analysis.

Marketing Overview and Dynamics

The global market for carotenoids is projected to grow by around 4 percent during the 2022-2028 forecast timeframe. The growing awareness of the benefits to health of carotenoids, as well as their importance to normal biological processes, are among the main factors behind the rising demand for carotenoids around the world.

Segmental Analysis

• Based on the source, synthetic carotenoids hold a dominant share of the global carotenoids market, however, natural carotenoids are slowly gaining traction in the global carotenoids market.
• Based on end use, cosmetics & personal care and food & beverage segments collectively hold a dominant share in the global carotenoids market however, the use of carotenoids for other uses is rapidly growing traction in the global carotenoids market.

Competition Analysis

Due to the presence of many well-established companies in the global carotenoids market, there is intense competition in the global carotenoids market. The versatile application of carotenoids is expected to augment its demand across various industries in the forthcoming years.

RationalStat has segmented the global carotenoids market on the basis of source, type, end-use, and region.

• By Source

o Natural

o Synthetic

· By Type

o Carotene

§ Alpha-Carotene

§ Beta-Carotene

o Beta-Cryptoxanthin

o Lutein

o Lycopene

o Astaxanthin

o Zeaxanthin

o Others (Canthaxanthin etc.)

· By End Use

o Food & Beverage

o Cosmetics & Personal Care

o Nutraceuticals

o Animal Feed & Nutrition

o Others (Pharmaceuticals etc.)

· By Region

o North America

§ US

§ Canada

o Latin America

§ Brazil

§ Mexico

§ Rest of Latin America

o Western Europe

§ Germany

§ UK

§ France

§ Spain

§ Italy

§ Rest of Western Europe

o Eastern Europe

§ Russia

§ Poland

§ Rest of Eastern Europe

o Asia Pacific

§ China

§ Japan

§ India

§ South Korea

§ Australia

§ ASEAN (Indonesia, Vietnam, Malaysia, etc.)

§ Rest of Asia Pacific

o Middle East & Africa

§ GCC

§ South Africa

§ Turkey

§ Rest of the Middle East & Africa

For more information about this report: https://store.rationalstat.com/store/global-carotenoids-m...

RationalStat is an end-to-end US-based market intelligence and consulting company that provides comprehensive market research reports along with customized strategy and consulting studies.  The company has sales offices in India, Mexico, and the US to support global and diversified businesses.