The global carotenoids market size was USD 1.89 Billion in 2020 and is expected to register a CAGR of 3.5% during the forecast period. Increasing use of carotenoids as food colorants and in dietary supplements owing to their antioxidant properties and extensive research and development activities to accelerate the production of high-quality carotenoids are key factors expected to drive market revenue growth over the forecast period.

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