Nutraceuticals Drive Carotenoids Market with Extraction Tech Advancements
Surging demand in nutraceuticals and advancements in extraction technologies is expected to drive the Global Carotenoids Market growth in the forecast period, 2025-2029 According to TechSci Research report, “ Carotenoids Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029 ”, the Global Carotenoids Market stood at USD 1.78 Billion in 2023 and is anticipated to grow with a CAGR of 4.57% in the forecast period, 2025-2029. The Global Carotenoids Market is propelled by several key drivers. Primarily, the increasing consumer awareness about the health benefits of carotenoids, such as their antioxidant properties and their role in reducing the risk of chronic diseases, is driving market growth. Additionally, the rising demand for natural colorants in the food and beverage industry is contributing to the market's expansion. Furthermore, the growth of the animal feed industry, where carotenoids are commonly used, is also a signif...