Carotenoids are organic pigments that are found in various plants and organisms. These products act as antioxidants and protect the body against chronic diseases, cellular damage, and the effects of aging. Increasing usage of this product in dietary supplements on account of growing health issues will drive market demand.

Carotenoids are commercially available in several forms including beta-carotene, lutein, lycopene, astaxanthin, zeaxanthin, annatto, and canthaxanthin. These products find considerable usage in human food, animal feed, dietary supplements, pharmaceuticals, and cosmetics as they offer excellent health benefits, which in turn, will fuel market expansion over the next nine years.

The key driver for the industry is the prominence of carotenoids in the treatment of diabetes, cancer, and eye disorder. Increasing R&D for the development of high-value natural carotenoids is expected to create new growth opportunities for the market. However, stringent regulatory and approval norms are expected to hinder product demand over the upcoming years.
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According to Bosson Research, the Global Carotenoids Market Size was estimated at USD 1481.29 million in 2020 and is projected to reach USD 2579.32 million by 2027, exhibiting a CAGR of 8.25% during the forecast period.

Bosson Research’s latest report provides a deep insight into the global Carotenoids market covering all its essential aspects. This ranges from macro overview of the market to micro details of the market size, competitive landscape ,development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.
The analysis helps to shape the competition within the industries and strategies to the competitive environment in order to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of Global Carotenoids.