Global Market Size of Carotenoids Market – 10 Year Market Forecast

Food & Beverages

Carotenoids Market Size Forecast 2022-2029

 

Carotenoids are red, yellow, and orange organic pigments which are made by plants and algae. The global market size for carotenoids is estimated to be USD 2.25 Billion in the year 2022 and is expected to rise to USD 3.05 Billion by the year 2029, giving a CAGR of 4% during the forecast period. Advancement in technology has made the extraction of carotenoids better. These are also being used as natural food colorants, leading its market towards growth. Moreover, higher demand is expected considering the health benefits it offers. However, due to the ongoing COVID-19 pandemic, the supply chain has been affected leading to hindrance in the market growth.

Frequently Asked Questions(FAQ)

• Which is the largest sub-segment by region in the Carotenoids market?

• The largest sub-segment by region in the Carotenoids market is Europe.
• What is the forecast period for the Carotenoids market report?

• The forecast period for the Carotenoids market is between 2022-2029.
• What are the driving factors for this market?

• Advancements in technology and carotenoid?s health benefits are the driving factor for this market.
• State the forecasted CAGR for the Carotenoids market.

• The CAGR for the Carotenoids market is 4%.
• What is Global market database?

• Global market database makes use of dynamic market data to study the shift in line with changing market trends.

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