Carotenoids Market Is Extrapolated To Reach A Value Of USD 2.1 Billion By 2032
According to Custom Market Insights (CMI), The Global Carotenoid Market Size was valued at USD 1.5 billion in 2021 and is estimated to reach USD 2.1 billion by the end of 2030 at a CAGR of approximately 3.5% during the forecast period 2022-2030. The term “carotenoids” refers to a number of organic pigments that give fruits and vegetables their vivid red, yellow, and orange hues. They belong to a group of phytonutrients that are critical for plant health and a plentiful supply of antioxidants & vitamin A. In addition to existing naturally in plants, algae, bacteria, and fungi, carotenoids can also be manufactured synthetically. Papaya, pineapple, melon, apricot, carrot, tangerine, and corn are some of the other important natural sources of carotenoids. Among the most often used carotenoids that are used as coloring agents in food, cosmetics, as well as animal feed products are alpha and beta carotene, beta-cryptoxanthin, lutein, zeaxanthin, an...