Synthetic Carotenoids Market
Synthetic Carotenoids Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Synthetic Carotenoids Market Size and Growth
The Synthetic Carotenoids market is experiencing significant growth, driven by increasing demand in food, cosmetics, and pharmaceuticals. The market was valued at approximately $1.5 billion in 2023, with a projected CAGR of 6% through 2030. Key trends include rising health consciousness and regulatory support for natural ingredients. Request Sample Report
Companies Covered
(Covid 19 Impact Covered)
◍ BASF SE
◍ Royal DSM N.V.
◍ Chr. Hansen A/S
◍ FMC Corporation
◍ Cyanotech Corporation
◍ Kemin Industries Inc.
◍ D.D. Williamson & Co., Inc.
◍ Dohler Group
◍ Allied Biotech Corporation
◍ Excelvite SDN. BHD.
The synthetic carotenoids market is competitive, with key players like BASF SE, Royal DSM N.V., and Chr. Hansen A/S focusing on innovation and quality. These companies drive market growth by expanding product portfolios, enhancing applications in food, feed, and cosmetics, and leveraging R&D for new formulations.
- BASF SE: €78 billion (2022)
- Royal DSM N.V.: €10.7 billion (2022)
- Chr. Hansen A/S: €1.2 billion (2022)
Market Segmentation
By Application
Feed
Food
Supplements
Cosmetics
Pharmaceuticals
By Product
◍ Astaxanthin ◍ Beta-carotene
Lutein
Lycopene
Canthaxanthin
Zeaxanthin
Others
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Market Growth
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$ X Billion USD
