The present invention relates to novel timed-release multicarotenoid composition and a process for its preparation . More particularly, the present invention relates to novel timed-release composition of multi carotenoids such as lutein, zeaxanthin, lycopene and betacarotene and process for its preparation . The novel timed-release multicarotenoid composition of the present invention is useful for formulating compressed tablets, two-piece gelatin or vegetarian capsules. More particularly, the novel timed-release system for mixed carotenoids is useful as powerful antioxidant combination that promotes eye, prostrate, and skin health.