Carbon Credit Market Size, Share & Trends Analysis Report By Type, Project Type (Avoidance/Reduction Projects, Removal/Sequestration Projects), By End Use, By Region (North America, Europe, APAC, Latin America, MEA) And Segment Forecasts, 2026 - 2033
Description
Carbon Credit Market Summary
The global carbon credit market size was estimated at USD 886.77 billion in 2025 and is projected to reach USD 6,129.87 billion by 2033, growing at a CAGR of 25.9% from 2026 to 2033. The demand for carbon credits has been increasing in recent years due to factors such as various government-introduced policies & regulations aimed at reducing greenhouse gas (GHG) emissions.
Companies that are subject to these regulations may need to purchase carbon credits to offset their emissions and comply with the rules. The Indian Government has passed the Energy Conservation Bill, 2022, which clears the way for establishing carbon credit markets. A combination of state-level programs and voluntary markets primarily drives the global market growth.
There are also voluntary markets in the U.S. where companies can purchase carbon credits to offset their emissions. These voluntary markets are often used by companies that want to reduce their carbon footprint but are not required to do so by regulation. Overall, the U.S. market is relatively small compared to the markets in other regions, such as Europe, but it is growing and could play a larger role in reducing GHG emissions in the future. Companies are increasingly recognizing the importance of sustainability and reducing their carbon footprint as part of their corporate social responsibility initiatives.
Global Carbon Credit Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For the purpose of this study, Grand View Research has segmented the global carbon credit market report on the basis of type, project type, end use and region.
The global carbon credit market size was estimated at USD 886.77 billion in 2025 and is projected to reach USD 6,129.87 billion by 2033, growing at a CAGR of 25.9% from 2026 to 2033. The demand for carbon credits has been increasing in recent years due to factors such as various government-introduced policies & regulations aimed at reducing greenhouse gas (GHG) emissions.
Companies that are subject to these regulations may need to purchase carbon credits to offset their emissions and comply with the rules. The Indian Government has passed the Energy Conservation Bill, 2022, which clears the way for establishing carbon credit markets. A combination of state-level programs and voluntary markets primarily drives the global market growth.
There are also voluntary markets in the U.S. where companies can purchase carbon credits to offset their emissions. These voluntary markets are often used by companies that want to reduce their carbon footprint but are not required to do so by regulation. Overall, the U.S. market is relatively small compared to the markets in other regions, such as Europe, but it is growing and could play a larger role in reducing GHG emissions in the future. Companies are increasingly recognizing the importance of sustainability and reducing their carbon footprint as part of their corporate social responsibility initiatives.
Global Carbon Credit Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For the purpose of this study, Grand View Research has segmented the global carbon credit market report on the basis of type, project type, end use and region.
- Type (Revenue, USD Million, 2021 - 2033)
- Compliance
- Voluntary
- Project Type Outlook (Revenue, USD Million, 2021 - 2033)
- Avoidance/Reduction Projects
- Removal/Sequestration Projects
- Nature based
- Technology based
- End Use Outlook (Revenue, USD Million, 2021 - 2033)
- Power
- Energy
- Aviation
- Transportation
- Buildings
- Industrial
- Others
- Regional Outlook (Revenue, USD Million, 2021 - 2033)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Asia Pacific
- China
- India
- Japan
- South Korea
- Latin America
- Brazil
- Middle East & Africa
- Saudi Arabia
- UAE
Table of Contents
120 Pages
- Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Segment Definitions
- 1.2.1. Source
- 1.2.2. Product
- 1.2.3. Application
- 1.2.4. Regional scope
- 1.2.5. Estimates and forecasts timeline
- 1.3. Research Methodology
- 1.4. Information Procurement
- 1.4.1. Purchased database
- 1.4.2. GVR’s internal database
- 1.4.3. Secondary sources
- 1.4.4. Primary research
- 1.4.5. Details of primary research
- 1.5. Information or Data Analysis
- 1.5.1. Data analysis models
- 1.6. Market Formulation & Validation
- 1.7. Model Details
- 1.7.1. Commodity flow analysis (Model 1)
- 1.7.2. Approach 1: Commodity flow approach
- 1.7.3. Volume price analysis (Model 2)
- 1.7.4. Approach 2: Volume price analysis
- 1.8. List of Secondary Sources
- 1.9. List of Primary Sources
- 1.10. Objectives
- Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Source outlook
- 2.2.2. Product outlook
- 2.2.3. Application
- 2.2.4. Regional outlook
- 2.3. Competitive Insights
- Chapter 3. Astaxanthin Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent market outlook
- 3.1.2. Related/ancillary market outlook
- 3.2. Market Dynamics
- 3.2.1. Market driver analysis
- 3.2.1.1. Increasing demand for nutraceuticals and natural antioxidants
- 3.2.1.2. Introduction of advanced technologies
- 3.2.1.3. Increase in adoption of natural cosmetics, nutraceuticals, and pharmaceuticals.
- 3.2.1.4. Increased use in aquaculture and coloring of fish
- 3.2.2. Market restraint analysis
- 3.2.2.1. High cost of production
- 3.2.2.2. Excess space requirement
- 3.3. Astaxanthin Market Analysis Tools
- 3.3.1. Industry Analysis - Porter’s
- 3.3.1.1. Supplier power
- 3.3.1.2. Buyer power
- 3.3.1.3. Substitution threat
- 3.3.1.4. Threat of new entrant
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Technological landscape
- 3.3.2.3. Economic landscape
- 3.4. Import Volume Data for Astaxanthin in Thailand (Volume in Metric Tons)
- Chapter 4. Astaxanthin Market: Source Estimates & Trend Analysis
- 4.1. Source Market Share, 2025 & 2033
- 4.2. Segment Dashboard
- 4.3. Global Astaxanthin Market by Source Outlook
- 4.4. Market Size & Forecasts and Trend Analyses, 2021 to 2033, for the following
- 4.4.1. Natural
- 4.4.1.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 4.4.1.2. Yeast
- 4.4.1.2.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 4.4.1.3. Krill/Shrimp
- 4.4.1.3.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 4.4.1.4. Microalgae
- 4.4.1.4.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 4.4.1.5. Others
- 4.4.1.5.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 4.4.2. Synthetic
- 4.4.2.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- Chapter 5. Astaxanthin Market: Product Estimates & Trend Analysis
- 5.1. Product Market Share, 2025 & 2033
- 5.2. Segment Dashboard
- 5.3. Global Astaxanthin Market by Product Outlook
- 5.4. Market Size & Forecasts and Trend Analyses, 2021 to 2033, for the following
- 5.4.1. Dried algae meal or Biomass
- 5.4.1.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 5.4.2. Oil
- 5.4.2.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 5.4.3. Softgel
- 5.4.3.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 5.4.4. Liquid
- 5.4.4.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 5.4.5. Others
- 5.4.5.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- Chapter 6. Astaxanthin Market: Application Estimates & Trend Analysis
- 6.1. Application Market Share, 2025 & 2033
- 6.2. Segment Dashboard
- 6.3. Global Astaxanthin Market by Application Outlook
- 6.4. Market Size & Forecasts and Trend Analyses, 2021 to 2033, for the following
- 6.4.1. Nutraceuticals
- 6.4.1.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 6.4.2. Cosmetics
- 6.4.2.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 6.4.3. Aquaculture and Animal Feed
- 6.4.3.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 6.4.4. Food
- 6.4.4.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 6.4.4.2. Functional Food and Beverages
- 6.4.4.2.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 6.4.4.3. Other traditional food manufacturing applications
- 6.4.4.3.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 6.4.5. Others
- 6.4.5.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- Chapter 7. Astaxanthin Market: Regional Estimates & Trend Analysis
- 7.1. Regional Market Share Analysis, 2025 & 2033
- 7.2. Regional Market Dashboard
- 7.3. Global Regional Market Snapshot
- 7.4. Market Size & Forecasts Trend Analysis, 2021 to 2033:
- 7.5. North America
- 7.5.1. U.S.
- 7.5.1.1. Key country dynamics
- 7.5.1.2. Regulatory framework/ reimbursement structure
- 7.5.1.3. Competitive scenario
- 7.5.1.4. U.S. market estimates and forecasts, 2021 - 2033 (USD Million)
- 7.5.2. Canada
- 7.5.2.1. Key country dynamics
- 7.5.2.2. Regulatory framework/ reimbursement structure
- 7.5.2.3. Competitive scenario
- 7.5.2.4. Canada market estimates and forecasts, 2021 - 2033 (USD Million)
- 7.5.3. Mexico
- 7.5.3.1. Key country dynamics
- 7.5.3.2. Regulatory framework/ reimbursement structure
- 7.5.3.3. Competitive scenario
- 7.5.3.4. Mexico market estimates and forecasts, 2021 - 2033 (USD Million)
- 7.6. Europe
- 7.6.1. UK
- 7.6.1.1. Key country dynamics
- 7.6.1.2. Regulatory framework/ reimbursement structure
- 7.6.1.3. Competitive scenario
- 7.6.1.4. UK market estimates and forecasts, 2021 - 2033 (USD Million)
- 7.6.2. Germany
- 7.6.2.1. Key country dynamics
- 7.6.2.2. Regulatory framework/ reimbursement structure
- 7.6.2.3. Competitive scenario
- 7.6.2.4. Germany market estimates and forecasts, 2021 - 2033 (USD Million)
- 7.6.3. France
- 7.6.3.1. Key country dynamics
- 7.6.3.2. Regulatory framework/ reimbursement structure
- 7.6.3.3. Competitive scenario
- 7.6.3.4. France market estimates and forecasts, 2021 - 2033 (USD Million)
- 7.6.4. Italy
- 7.6.4.1. Key country dynamics
- 7.6.4.2. Regulatory framework/ reimbursement structure
- 7.6.4.3. Competitive scenario
- 7.6.4.4. Italy market estimates and forecasts, 2021 - 2033 (USD Million)
- 7.6.5. Spain
- 7.6.5.1. Key country dynamics
- 7.6.5.2. Regulatory framework/ reimbursement structure
- 7.6.5.3. Competitive scenario
- 7.6.5.4. Spain market estimates and forecasts, 2021 - 2033 (USD Million)
- 7.6.6. Norway
- 7.6.6.1. Key country dynamics
- 7.6.6.2. Regulatory framework/ reimbursement structure
- 7.6.6.3. Competitive scenario
- 7.6.6.4. Norway market estimates and forecasts, 2021 - 2033 (USD Million)
- 7.6.7. Sweden
- 7.6.7.1. Key country dynamics
- 7.6.7.2. Regulatory framework/ reimbursement structure
- 7.6.7.3. Competitive scenario
- 7.6.7.4. Sweden market estimates and forecasts, 2021 - 2033 (USD Million)
- 7.6.8. Denmark
- 7.6.8.1. Key country dynamics
- 7.6.8.2. Regulatory framework/ reimbursement structure
- 7.6.8.3. Competitive scenario
- 7.6.8.4. Denmark market estimates and forecasts, 2021 - 2033 (USD Million)
- 7.7. Asia Pacific
- 7.7.1. Japan
- 7.7.1.1. Key country dynamics
- 7.7.1.2. Regulatory framework/ reimbursement structure
- 7.7.1.3. Competitive scenario
- 7.7.1.4. Japan market estimates and forecasts, 2021 - 2033 (USD Million)
- 7.7.2. China
- 7.7.2.1. Key country dynamics
- 7.7.2.2. Regulatory framework/ reimbursement structure
- 7.7.2.3. Competitive scenario
- 7.7.2.4. China market estimates and forecasts, 2021 - 2033 (USD Million)
- 7.7.3. India
- 7.7.3.1. Key country dynamics
- 7.7.3.2. Regulatory framework/ reimbursement structure
- 7.7.3.3. Competitive scenario
- 7.7.3.4. India market estimates and forecasts, 2021 - 2033 (USD Million)
- 7.7.4. Australia
- 7.7.4.1. Key country dynamics
- 7.7.4.2. Regulatory framework/ reimbursement structure
- 7.7.4.3. Competitive scenario
- 7.7.4.4. Australia market estimates and forecasts, 2021 - 2033 (USD Million)
- 7.7.5. South Korea
- 7.7.5.1. Key country dynamics
- 7.7.5.2. Regulatory framework/ reimbursement structure
- 7.7.5.3. Competitive scenario
- 7.7.5.4. South Korea market estimates and forecasts, 2021 - 2033 (USD Million)
- 7.7.6. Thailand
- 7.7.6.1. Key country dynamics
- 7.7.6.2. Regulatory framework/ reimbursement structure
- 7.7.6.3. Competitive scenario
- 7.7.6.4. Thailand market estimates and forecasts, 2021 - 2033 (USD Million)
- 7.8. Latin America
- 7.8.1. Brazil
- 7.8.1.1. Key country dynamics
- 7.8.1.2. Regulatory framework/ reimbursement structure
- 7.8.1.3. Competitive scenario
- 7.8.1.4. Brazil market estimates and forecasts, 2021 - 2033 (USD Million)
- 7.8.2. Argentina
- 7.8.2.1. Key country dynamics
- 7.8.2.2. Regulatory framework/ reimbursement structure
- 7.8.2.3. Competitive scenario
- 7.8.2.4. Argentina market estimates and forecasts, 2021 - 2033 (USD Million)
- 7.9. MEA
- 7.9.1. South Africa
- 7.9.1.1. Key country dynamics
- 7.9.1.2. Regulatory framework/ reimbursement structure
- 7.9.1.3. Competitive scenario
- 7.9.1.4. South Africa market estimates and forecasts, 2021 - 2033 (USD Million)
- 7.9.2. Saudi Arabia
- 7.9.2.1. Key country dynamics
- 7.9.2.2. Regulatory framework/ reimbursement structure
- 7.9.2.3. Competitive scenario
- 7.9.2.4. Saudi Arabia market estimates and forecasts, 2021 - 2033 (USD Million)
- 7.9.3. UAE
- 7.9.3.1. Key country dynamics
- 7.9.3.2. Regulatory framework/ reimbursement structure
- 7.9.3.3. Competitive scenario
- 7.9.3.4. UAE market estimates and forecasts, 2021 - 2033 (USD Million)
- 7.9.4. Kuwait
- 7.9.4.1. Key country dynamics
- 7.9.4.2. Regulatory framework/ reimbursement structure
- 7.9.4.3. Competitive scenario
- 7.9.4.4. Kuwait market estimates and forecasts, 2021 - 2033 (USD Million)
- Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Company/Competition Categorization
- 8.3. Vendor Landscape
- 8.3.1. List of key distributors and channel partners
- 8.3.2. Key customers
- 8.3.3. Key company market share analysis, 2025
- 8.3.4. Algatech Ltd
- 8.3.4.1. Company overview
- 8.3.4.2. Financial performance
- 8.3.4.3. Product benchmarking
- 8.3.4.4. Strategic initiatives
- 8.3.5. Cyanotech Corporation
- 8.3.5.1. Company overview
- 8.3.5.2. Financial performance
- 8.3.5.3. Product benchmarking
- 8.3.5.4. Strategic initiatives
- 8.3.6. Algalíf Iceland ehf
- 8.3.6.1. Company overview
- 8.3.6.2. Financial performance
- 8.3.6.3. Product benchmarking
- 8.3.6.4. Strategic initiatives
- 8.3.7. Beijing Gingko Group (BGG)
- 8.3.7.1. Company overview
- 8.3.7.2. Financial performance
- 8.3.7.3. Product benchmarking
- 8.3.7.4. Strategic initiatives
- 8.3.8. PIVEG, Inc.
- 8.3.8.1. Company overview
- 8.3.8.2. Financial performance
- 8.3.8.3. Product benchmarking
- 8.3.8.4. Strategic initiatives
- 8.3.9. Fuji Chemical Industries Co., Ltd
- 8.3.9.1. Company overview
- 8.3.9.2. Financial performance
- 8.3.9.3. Product benchmarking
- 8.3.9.4. Strategic initiatives
- 8.3.10. ENEOS Corporation
- 8.3.10.1. Company overview
- 8.3.10.2. Financial performance
- 8.3.10.3. Product benchmarking
- 8.3.10.4. Strategic initiatives
- 8.3.11. Atacama Bio Natural Products S.A.
- 8.3.11.1. Company overview
- 8.3.11.2. Financial performance
- 8.3.11.3. Product benchmarking
- 8.3.11.4. Strategic initiatives
- 8.3.12. E.I.D. - Parry (India) Limited
- 8.3.12.1. Company overview
- 8.3.12.2. Financial performance
- 8.3.12.3. Product benchmarking
- 8.3.12.4. Strategic initiatives
- 8.3.13. ALGAMO
- 8.3.13.1. Company overview
- 8.3.13.2. Financial performance
- 8.3.13.3. Product benchmarking
- 8.3.13.4. Strategic initiatives
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