The North America Carotenoids Market size is expected to reach USD 0.81 billion by 2032 from USD 0.58 billion in 2024, growing at a CAGR of 4.27%. The Carotenoids market is forecasted to show great potential over the mentioned period. The market has continued to gain momentum with the shooting high demand for the natural sourced carotenoids in the market.
Carotenoids are class of plant pigments responsible for the bright red, orange and yellow hues in various fruits and vegetables. These are also important for maintenance of a plant’s health as well as human health on consumption of these fruits and vegetables. They assist plants in the process of photosynthesis by helping them in absorbing light energy and are thus the reason behind the colour of plants or the fruits & vegetables. They also act as antioxidants in plants as well as human body.
The rising demand for natural colorants have been a key factor behind the growth of the market of carotenoids in the recent years. Other important factors driving the market growth are expanding end user applications, industrialization in sectors like poultry, pork, and aquaculture, preventive nutraceuticals and healthcare.
The market has also been facing few restraints and challenges. These include lack of R&D in remote regions, harmful effects of high dose of carotenoids, and stringent government regulations as well as approval norms. These factors are responsible for holding back the market from reaching its actual potential, and are thus required to be dealt with.
Major Key Players in the North America Carotenoids Market are BASF SE, Chr. Hansen A/S, FMC Corporation, Royal DSM N.V, Cyanotech Corporation, D.D. Williamson & Co., Inc, Döhler Group, Kemin Industries Inc, Allied Biotech Corporation, and Excelvite SDN. BHD
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