A new report titled “Carotenoids Market – Forecast to 2033” by Eternal Markets, the global carotenoids industry is projected to grow at a compound annual growth rate (CAGR) of 5.1% from 2024 to 2033, reaching a value of USD 3,165.5 million by the end of the forecast period.
Overview
Carotenoids are a class of pigments naturally occurring in plants, algae, and photosynthetic bacteria. These pigments are responsible for the red, yellow, and orange hues found in many fruits and vegetables. The core components of the carotenoids market include various product types such as astaxanthin, lutein, beta-carotene, and lycopene. The primary applications of carotenoids are in animal feed, human food, dietary supplements, and cosmetics, where they serve as antioxidants and coloring agents.
The market is driven by increasing awareness of the health benefits associated with carotenoids, such as their role in eye health and as powerful antioxidants. The growing demand for natural ingredients in food and feed products is another significant factor driving the market. Europe and North America are the top regions leading the market, with Europe holding the largest share due to a well-established food and beverage industry and high consumer awareness about the benefits of carotenoids.
Key Visions
- Estimated CAGR of around 5.1% over the forecast period (2024-2033).
- Global Carotenoids Industry size is projected to reach USD 3,165.5 million by 2033 from USD 1,946.5 million in 2023.
- Rising consumer preference for natural products is the key driver for the market.
- By Product Type, in 2023, the Astaxanthin segment held the largest market share.
- Based on application, the Animal Feed segment is likely to be the largest revenue contributor in 2033.
- Europe held the largest market share in 2023, driven by high consumer awareness and stringent regulations promoting natural ingredients.
Key Market Drivers
Increasing Demand for Natural Food Additives: Consumers are increasingly preferring natural over synthetic ingredients, driving demand for carotenoids in food and beverages.
Health Benefits of Carotenoids: Carotenoids’ role in eye health, immune function, and as antioxidants has fueled their adoption in dietary supplements.
Growing Animal Feed Industry: The use of carotenoids in animal feed, particularly for poultry and aquaculture, is a major growth driver.
Rising Consumer Awareness: Increasing awareness about the health benefits of carotenoids, particularly in developed regions, is boosting market growth.
Stringent Regulatory Standards: Regulations favoring the use of natural ingredients in food and feed products are positively impacting the market.
Restraining Factors
High Production Costs: The production of natural carotenoids can be costly, which may limit their widespread adoption.
Strict Regulatory Environment: The stringent regulatory requirements for food additives and supplements can pose challenges for market entry and expansion.
Supply Chain Issues: Fluctuations in the availability of raw materials, particularly for natural carotenoids, can affect market growth.
Future Scope
Expansion in Emerging Markets: The carotenoids market is expected to grow significantly in emerging markets such as Asia-Pacific, driven by increasing consumer awareness and rising disposable income.
Technological Advancements: Innovations in extraction and production processes for natural carotenoids are likely to reduce costs and increase adoption.
Diversification of Applications: Continued expansion into new application areas, such as cosmetics and personal care, is expected to offer new growth opportunities.
Focus on Sustainable Sourcing: The market is likely to see a shift towards more sustainable and eco-friendly sourcing of carotenoids.
Major Strategies adopted by key market players
- Agreements, Collaborations, and Partnerships: 21%
- Acquisitions: 15%
- New Product Launch: _%
- Other Developments: _%
Geographical Analysis
Europe: Leads the market with the largest share, driven by high consumer awareness, stringent regulations promoting the use of natural ingredients, and a strong animal feed industry.
North America: A significant market, bolstered by the increasing use of carotenoids in dietary supplements and functional foods, particularly in the U.S.
Asia-Pacific: Rapidly growing market due to rising health consciousness, increasing disposable income, and expanding food and feed industries in countries like China and India.
Recent Developments
- 2023: BASF SE launched a new natural carotenoid product line targeting the animal feed sector, focusing on sustainable sourcing.
- 2022: Dohler Group expanded its natural carotenoid offerings by acquiring a leading extraction facility in Europe.
- 2021: Kemin Industries, Inc. partnered with a major food manufacturer to develop a new range of carotenoid-based functional foods.
- 2020: Allied Biotech Corporation introduced an innovative carotenoid formulation for enhanced bioavailability in dietary supplements.
Scope of the Report:
Global Carotenoids Market, By Product Type
- Astaxanthin
- Capsanthin
- Lutein
- Beta-carotene
- Lycopene
- Others
Global Carotenoids Market, By Source
Global Carotenoids Market, By Application
- Animal Feed
- Human Food
- Dietary Supplement
- Others
Global Carotenoids Market, by Geography
- North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe (RoE)
- Asia-Pacific (APAC)
- China
- Japan
- India
- Rest of APAC (RoAPAC)
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of MEA
Companies Profiled
● Dohler Group
● BASF SE
● ExcelVite Sdn. Bhd.
● Kemin Industries, Inc.
● Allied Biotech Corporation
● DDW, Inc.
● Chr. Hansen Holding A/S
● Divis Laboratories Limited
● Koninklijke DSM N.V.
● Cyanotech Corporation
● Other key player
*The report scope shall be customized as per the requirements
Chapter 1 Global Carotenoids Market Overview
1.1 Introduction
1.2 Drivers for Carotenoids Market
1.3 Restraints for Carotenoids Market
1.4 Opportunities for Carotenoids Market
1.5 Trends for Carotenoids Market
1.6 Macro-economic Factors
1.7 Regulatory Framework
1.8 Opportunity Map Analysis
1.9 Opportunity Orbits
1.10 Market Investment Feasibility Index
1.11 PEST Analysis
1.12 PORTER’S Five Force Analysis
1.13 Go to Market Strategy
1.14 Marketing Strategy
1.15 Technology Roadmap
1.16 Advances in product/services adoption worldwide
1.17 Regional Market Share and BPS Analysis
Chapter 2 Global Carotenoids Market Competitive Analysis
2.1 Market Competition Scenario Analysis, By Company
2.2 Competitor Landscape
2.3 Major Strategies adopted by key market players (2020-2023)
2.4 Recent Developments/Investments/Announcements
2.5 Company Profiles
2.5.1 Dohler Group
2.5.1.1 Company Overview
2.5.1.2 Business Description
2.5.1.3 Product Portfolio
2.5.1.4 Key Financials
2.5.1.5 Company Presence & Business Segment Analysis – 2023
2.5.1.6 Key Developments
2.5.1.7 SWOT Analysis
2.5.2 BASF SE
2.5.2.1 Company Overview
2.5.2.2 Business Description
2.5.2.3 Product Portfolio
2.5.2.4 Key Financials
2.5.2.5 Company Presence & Business Segment Analysis – 2023
2.5.2.6 Key Developments
2.5.2.7 SWOT Analysis
2.5.3 ExcelVite Sdn. Bhd.
2.5.3.1 Company Overview
2.5.3.2 Business Description
2.5.3.3 Product Portfolio
2.5.3.4 Key Financials
2.5.3.5 Company Presence & Business Segment Analysis – 2023
2.5.3.6 Key Developments
2.5.3.7 SWOT Analysis
2.5.4 Kemin Industries, Inc.
2.5.4.1 Company Overview
2.5.4.2 Business Description
2.5.4.3 Product Portfolio
2.5.4.4 Key Financials
2.5.4.5 Company Presence & Business Segment Analysis – 2023
2.5.4.6 Key Developments
2.5.4.7 SWOT Analysis
2.5.5 Allied Biotech Corporation
2.5.5.1 Company Overview
2.5.5.2 Business Description
2.5.5.3 Product Portfolio
2.5.5.4 Key Financials
2.5.5.5 Company Presence & Business Segment Analysis – 2023
2.5.5.6 Key Developments
2.5.5.7 SWOT Analysis
2.5.6 DDW, Inc.
2.5.6.1 Company Overview
2.5.6.2 Business Description
2.5.6.3 Product Portfolio
2.5.6.4 Key Financials
2.5.6.5 Company Presence & Business Segment Analysis – 2023
2.5.6.6 Key Developments
2.5.6.7 SWOT Analysis
2.5.7 Chr. Hansen Holding A/S
2.5.7.1 Company Overview
2.5.7.2 Business Description
2.5.7.3 Product Portfolio
2.5.7.4 Key Financials
2.5.7.5 Company Presence & Business Segment Analysis – 2023
2.5.7.6 Key Developments
2.5.7.7 SWOT Analysis
2.5.8 Divis Laboratories Limited
2.5.8.1 Company Overview
2.5.8.2 Business Description
2.5.8.3 Product Portfolio
2.5.8.4 Key Financials
2.5.8.5 Company Presence & Business Segment Analysis – 2023
2.5.8.6 Key Developments
2.5.8.7 SWOT Analysis
2.5.9 Koninklijke DSM N.V.
2.5.9.1 Company Overview
2.5.9.2 Business Description
2.5.9.3 Product Portfolio
2.5.9.4 Key Financials
2.5.9.5 Company Presence & Business Segment Analysis – 2023
2.5.9.6 Key Developments
2.5.9.7 SWOT Analysis
2.5.10 Cyanotech Corporation
2.5.10.1 Company Overview
2.5.10.2 Business Description
2.5.10.3 Product Portfolio
2.5.10.4 Key Financials
2.5.10.5 Company Presence & Business Segment Analysis – 2023
2.5.10.6 Key Developments
2.5.10.7 SWOT Analysis
Chapter 3 Global Carotenoids Market Overview
3.1 Global Carotenoids Market Outlook (2017-2032)
3.1.1 Global Carotenoids Market Value (US$ Mn) (2017-2023)
3.1.2 Global Carotenoids Market Value (US$ Mn) (2024-2032)
3.2 Global Carotenoids Market by Region
3.2.1 Global Carotenoids Market Value (US$ Mn) Comparison by Region (2017-2032)
3.2.2 Global Carotenoids Market Attractiveness Analysis by Region, 2023–2032
3.3 Global Carotenoids Market by Product Type
3.3.1 Global Carotenoids Market Value (US$ Mn) Comparison by Product Type (2017-2032)
3.3.2 Global Carotenoids Market Attractiveness Analysis by Product Type, 2023–2032
3.3.3 Global Carotenoids Market Attractiveness Analysis by Region, 2023–2032
3.4 Global Carotenoids Market by Application
3.4.1 Global Carotenoids Market Value (US$ Mn) Comparison by Application (2017-2032)
3.4.2 Global Carotenoids Market Attractiveness Analysis by Application, 2023–2032
3.5 Global Carotenoids Market Value (US$ Mn) by Region
3.5.1 Global Carotenoids Market Value (US$ Mn) Comparison by Region (2017-2023)
3.5.2 Global Carotenoids Market Value (US$ Mn) Comparison by Region (2024-2032)
3.6 Global Carotenoids Market Value (US$ Mn) by Product Type
3.6.1 Global Carotenoids Market Value (US$ Mn) Comparison by Product Type (2017-2023)
3.6.2 Global Carotenoids Market Value (US$ Mn) Comparison by Product Type (2024-2032)
3.7 Global Carotenoids Market Value (US$ Mn) by Application
3.7.1 Global Carotenoids Market Value (US$ Mn) Comparison by Application (2017-2023)
3.7.2 Global Carotenoids Market Value (US$ Mn) Comparison by Application (2024-2032)
3.8 Global Carotenoids Market Y-o-Y Growth Rate Comparison 2018–2032
3.8.1 Global Carotenoids Market Y-o-Y Growth Rate by Region
3.8.2 Global Carotenoids Market Y-o-Y Growth Rate by Product Type
3.8.3 Global Carotenoids Market Y-o-Y Growth Rate by Application
3.9 Global Carotenoids Market Share Comparison 2017–2032
3.9.1 Global Carotenoids Market Share by Region
3.9.2 Global Carotenoids Market Share by Product Type
3.9.3 Global Carotenoids Market Share by Application
Chapter 4 North America Carotenoids Market Overview
4.1 North America Market Snapshot
4.1.1 Regional Overview
4.1.1.1 US
4.1.1.2 Canada
4.1.1.3 Mexico
4.2 North America Carotenoids Market Outlook (2017-2032)
4.2.1 North America Carotenoids Market Value (US$ Mn) (2017-2023)
4.2.2 North America Carotenoids Market Value (US$ Mn) (2024-2032)
4.3 North America Carotenoids Market by Region
4.3.1 North America Carotenoids Market Value (US$ Mn) Comparison by Region (2017-2032)
4.3.2 North America Carotenoids Market Attractiveness Analysis by Region, 2023–2032
4.4 North America Carotenoids Market by Product Type
4.4.1 North America Carotenoids Market Value (US$ Mn) Comparison by Product Type (2017-2032)
4.4.2 North America Carotenoids Market Attractiveness Analysis by Product Type, 2023–2032
4.4.3 North America Carotenoids Market Attractiveness Analysis by Region, 2023–2032
4.5 North America Carotenoids Market by Application
4.5.1 North America Carotenoids Market Value (US$ Mn) Comparison by Application (2017-2032)
4.5.2 North America Carotenoids Market Attractiveness Analysis by Application, 2023–2032
4.6 North America Carotenoids Market Value (US$ Mn) by Region
4.6.1 North America Carotenoids Market Value (US$ Mn) Comparison by Region (2017-2023)
4.6.2 North America Carotenoids Market Value (US$ Mn) Comparison by Region (2024-2032)
4.7 North America Carotenoids Market Value (US$ Mn) by Product Type
4.7.1 North America Carotenoids Market Value (US$ Mn) Comparison by Product Type (2017-2023)
4.7.2 North America Carotenoids Market Value (US$ Mn) Comparison by Product Type (2024-2032)
4.8 North America Carotenoids Market Value (US$ Mn) by Application
4.8.1 North America Carotenoids Market Value (US$ Mn) Comparison by Application (2017-2023)
4.8.2 North America Carotenoids Market Value (US$ Mn) Comparison by Application (2024-2032)
4.9 North America Carotenoids Market Y-o-Y Growth Rate Comparison 2018–2032
4.9.1 North America Carotenoids Market Y-o-Y Growth Rate by Region
4.9.2 North America Carotenoids Market Y-o-Y Growth Rate by Product Type
4.9.3 North America Carotenoids Market Y-o-Y Growth Rate by Application
4.1 North America Carotenoids Market Share Comparison 2017–2032
4.10.1 North America Carotenoids Market Share by Region
4.10.2 North America Carotenoids Market Share by Product Type
4.10.3 North America Carotenoids Market Share by Application
Chapter 5 Europe Carotenoids Market Overview
5.1 Europe Market Snapshot
5.1.1 Regional Overview
5.1.1.1 Germany
5.1.1.2 United Kingdom
5.1.1.3 France
5.1.1.4 Italy
5.1.1.5 Spain
5.1.1.6 Russia
5.1.1.7 Rest of Europe
5.2 Europe Carotenoids Market Outlook (2017-2032)
5.2.1 Europe Carotenoids Market Value (US$ Mn) (2017-2023)
5.2.2 Europe Carotenoids Market Value (US$ Mn) (2024-2032)
5.3 Europe Carotenoids Market by Region
5.3.1 Europe Carotenoids Market Value (US$ Mn) Comparison by Region (2017-2032)
5.3.2 Europe Carotenoids Market Attractiveness Analysis by Region, 2023–2032
5.4 Europe Carotenoids Market by Product Type
5.4.1 Europe Carotenoids Market Value (US$ Mn) Comparison by Product Type (2017-2032)
5.4.2 Europe Carotenoids Market Attractiveness Analysis by Product Type, 2023–2032
5.4.3 Europe Carotenoids Market Attractiveness Analysis by Region, 2023–2032
5.5 Europe Carotenoids Market by Application
5.5.1 Europe Carotenoids Market Value (US$ Mn) Comparison by Application (2017-2032)
5.5.2 Europe Carotenoids Market Attractiveness Analysis by Application, 2023–2032
5.6 Europe Carotenoids Market Value (US$ Mn) by Region
5.6.1 Europe Carotenoids Market Value (US$ Mn) Comparison by Region (2017-2023)
5.6.2 Europe Carotenoids Market Value (US$ Mn) Comparison by Region (2024-2032)
5.7 Europe Carotenoids Market Value (US$ Mn) by Product Type
5.7.1 Europe Carotenoids Market Value (US$ Mn) Comparison by Product Type (2017-2023)
5.7.2 Europe Carotenoids Market Value (US$ Mn) Comparison by Product Type (2024-2032)
5.8 Europe Carotenoids Market Value (US$ Mn) by Application
5.8.1 Europe Carotenoids Market Value (US$ Mn) Comparison by Application (2017-2023)
5.8.2 Europe Carotenoids Market Value (US$ Mn) Comparison by Application (2024-2032)
5.9 Europe Carotenoids Market Y-o-Y Growth Rate Comparison 2018–2032
5.9.1 Europe Carotenoids Market Y-o-Y Growth Rate by Region
5.9.2 Europe Carotenoids Market Y-o-Y Growth Rate by Product Type
5.9.3 Europe Carotenoids Market Y-o-Y Growth Rate by Application
5.1 Europe Carotenoids Market Share Comparison 2017–2032
5.10.1 Europe Carotenoids Market Share by Region
5.10.2 Europe Carotenoids Market Share by Product Type
5.10.3 Europe Carotenoids Market Share by Application
Chapter 6 Asia Pacific Carotenoids Market Overview
6.1 Asia Pacific Market Snapshot
6.1.1 Regional Overview
6.1.1.1 China
6.1.1.2 India
6.1.1.3 Japan
6.1.1.4 Australia
6.1.1.5 Rest of Asia Pacific
6.2 Asia Pacific Carotenoids Market Outlook (2017-2032)
6.2.1 Asia Pacific Carotenoids Market Value (US$ Mn) (2017-2023)
6.2.2 Asia Pacific Carotenoids Market Value (US$ Mn) (2024-2032)
6.3 Asia Pacific Carotenoids Market by Region
6.3.1 Asia Pacific Carotenoids Market Value (US$ Mn) Comparison by Region (2017-2032)
6.3.2 Asia Pacific Carotenoids Market Attractiveness Analysis by Region, 2023–2032
6.4 Asia Pacific Carotenoids Market by Product Type
6.4.1 Asia Pacific Carotenoids Market Value (US$ Mn) Comparison by Product Type (2017-2032)
6.4.2 Asia Pacific Carotenoids Market Attractiveness Analysis by Product Type, 2023–2032
6.4.3 Asia Pacific Carotenoids Market Attractiveness Analysis by Region, 2023–2032
6.5 Asia Pacific Carotenoids Market by Application
6.5.1 Asia Pacific Carotenoids Market Value (US$ Mn) Comparison by Application (2017-2032)
6.5.2 Asia Pacific Carotenoids Market Attractiveness Analysis by Application, 2023–2032
6.6 Asia Pacific Carotenoids Market Value (US$ Mn) by Region
6.6.1 Asia Pacific Carotenoids Market Value (US$ Mn) Comparison by Region (2017-2023)
6.6.2 Asia Pacific Carotenoids Market Value (US$ Mn) Comparison by Region (2024-2032)
6.7 Asia Pacific Carotenoids Market Value (US$ Mn) by Product Type
6.7.1 Asia Pacific Carotenoids Market Value (US$ Mn) Comparison by Product Type (2017-2023)
6.7.2 Asia Pacific Carotenoids Market Value (US$ Mn) Comparison by Product Type (2024-2032)
6.8 Asia Pacific Carotenoids Market Value (US$ Mn) by Application
6.8.1 Asia Pacific Carotenoids Market Value (US$ Mn) Comparison by Application (2017-2023)
6.8.2 Asia Pacific Carotenoids Market Value (US$ Mn) Comparison by Application (2024-2032)
6.9 Asia Pacific Carotenoids Market Y-o-Y Growth Rate Comparison 2018–2032
6.9.1 Asia Pacific Carotenoids Market Y-o-Y Growth Rate by Region
6.9.2 Asia Pacific Carotenoids Market Y-o-Y Growth Rate by Product Type
6.9.3 Asia Pacific Carotenoids Market Y-o-Y Growth Rate by Application
6.1 Asia Pacific Carotenoids Market Share Comparison 2017–2032
6.10.1 Asia Pacific Carotenoids Market Share by Region
6.10.2 Asia Pacific Carotenoids Market Share by Product Type
6.10.3 Asia Pacific Carotenoids Market Share by Application
Chapter 7 South America Carotenoids Market Overview
7.1 South America Market Snapshot
7.1.1 Regional Overview
7.1.1.1 Brazil
7.1.1.2 Argentina
7.1.1.3 Rest of South America
7.2 South America Carotenoids Market Outlook (2017-2032)
7.2.1 South America Carotenoids Market Value (US$ Mn) (2017-2023)
7.2.2 South America Carotenoids Market Value (US$ Mn) (2024-2032)
7.3 South America Carotenoids Market by Region
7.3.1 South America Carotenoids Market Value (US$ Mn) Comparison by Region (2017-2032)
7.3.2 South America Carotenoids Market Attractiveness Analysis by Region, 2023–2032
7.4 South America Carotenoids Market by Product Type
7.4.1 South America Carotenoids Market Value (US$ Mn) Comparison by Product Type (2017-2032)
7.4.2 South America Carotenoids Market Attractiveness Analysis by Product Type, 2023–2032
7.4.3 South America Carotenoids Market Attractiveness Analysis by Region, 2023–2032
7.5 South America Carotenoids Market by Application
7.5.1 South America Carotenoids Market Value (US$ Mn) Comparison by Application (2017-2032)
7.5.2 South America Carotenoids Market Attractiveness Analysis by Application, 2023–2032
7.6 South America Carotenoids Market Value (US$ Mn) by Region
7.6.1 South America Carotenoids Market Value (US$ Mn) Comparison by Region (2017-2023)
7.6.2 South America Carotenoids Market Value (US$ Mn) Comparison by Region (2024-2032)
7.7 South America Carotenoids Market Value (US$ Mn) by Product Type
7.7.1 South America Carotenoids Market Value (US$ Mn) Comparison by Product Type (2017-2023)
7.7.2 South America Carotenoids Market Value (US$ Mn) Comparison by Product Type (2024-2032)
7.8 South America Carotenoids Market Value (US$ Mn) by Application
7.8.1 South America Carotenoids Market Value (US$ Mn) Comparison by Application (2017-2023)
7.8.2 South America Carotenoids Market Value (US$ Mn) Comparison by Application (2024-2032)
7.9 South America Carotenoids Market Y-o-Y Growth Rate Comparison 2018–2032
7.9.1 South America Carotenoids Market Y-o-Y Growth Rate by Region
7.9.2 South America Carotenoids Market Y-o-Y Growth Rate by Product Type
7.9.3 South America Carotenoids Market Y-o-Y Growth Rate by Application
7.1 South America Carotenoids Market Share Comparison 2017–2032
7.10.1 South America Carotenoids Market Share by Region
7.10.2 South America Carotenoids Market Share by Product Type
7.10.3 South America Carotenoids Market Share by Application
Chapter 8 Middle East and Africa Carotenoids Market Overview
8.1 Middle East and Africa Market Snapshot
8.1.1 Regional Overview
8.1.1.1 GCC
8.1.1.2 South Africa
8.1.1.3 Israel
8.1.1.4 Rest of Middle East and Africa
8.2 Middle East and Africa Carotenoids Market Outlook (2017-2032)
8.2.1 Middle East and Africa Carotenoids Market Value (US$ Mn) (2017-2023)
8.2.2 Middle East and Africa Carotenoids Market Value (US$ Mn) (2024-2032)
8.3 Middle East and Africa Carotenoids Market by Region
8.3.1 Middle East and Africa Carotenoids Market Value (US$ Mn) Comparison by Region (2017-2032)
8.3.2 Middle East and Africa Carotenoids Market Attractiveness Analysis by Region, 2023–2032
8.4 Middle East and Africa Carotenoids Market by Product Type
8.4.1 Middle East and Africa Carotenoids Market Value (US$ Mn) Comparison by Product Type (2017-2032)
8.4.2 Middle East and Africa Carotenoids Market Attractiveness Analysis by Product Type, 2023–2032
8.4.3 Middle East and Africa Carotenoids Market Attractiveness Analysis by Region, 2023–2032
8.5 Middle East and Africa Carotenoids Market by Application
8.5.1 Middle East and Africa Carotenoids Market Value (US$ Mn) Comparison by Application (2017-2032)
8.5.2 Middle East and Africa Carotenoids Market Attractiveness Analysis by Application, 2023–2032
8.6 Middle East and Africa Carotenoids Market Value (US$ Mn) by Region
8.6.1 Middle East and Africa Carotenoids Market Value (US$ Mn) Comparison by Region (2017-2023)
8.6.2 Middle East and Africa Carotenoids Market Value (US$ Mn) Comparison by Region (2024-2032)
8.7 Middle East and Africa Carotenoids Market Value (US$ Mn) by Product Type
8.7.1 Middle East and Africa Carotenoids Market Value (US$ Mn) Comparison by Product Type (2017-2023)
8.7.2 Middle East and Africa Carotenoids Market Value (US$ Mn) Comparison by Product Type (2024-2032)
8.8 Middle East and Africa Carotenoids Market Value (US$ Mn) by Application
8.8.1 Middle East and Africa Carotenoids Market Value (US$ Mn) Comparison by Application (2017-2023)
8.8.2 Middle East and Africa Carotenoids Market Value (US$ Mn) Comparison by Application (2024-2032)
8.9 Middle East and Africa Carotenoids Market Y-o-Y Growth Rate Comparison 2018–2032
8.9.1 Middle East and Africa Carotenoids Market Y-o-Y Growth Rate by Region
8.9.2 Middle East and Africa Carotenoids Market Y-o-Y Growth Rate by Product Type
8.9.3 Middle East and Africa Carotenoids Market Y-o-Y Growth Rate by Application
8.1 Middle East and Africa Carotenoids Market Share Comparison 2017–2032
8.10.1 Middle East and Africa Carotenoids Market Share by Region
8.10.2 Middle East and Africa Carotenoids Market Share by Product Type
8.10.3 Middle East and Africa Carotenoids Market Share by Application
Chapter 9 Methodology and Data Source
9.1 Research Approach/ Methodology
9.2 Market Size Estimation
9.3 Market Breakdown and Data Triangulation
9.4 Data Source
9.4.1 Secondary Sources
9.4.2 Primary Sources
