The yeast Rhodosporidium babjevae was used to produce carotenoids, lipids, and fatty acids using sugarcane bagasse hydrolysates or glucose. Investigating the impact of glucose concentrations (10–150 g/L), the yeast showed the capability to yield 16.9 g/L biomass and 10.5 g/L lipids at 60 g glucose/L, while the highest pigments concentration (312 μg/g) was observed at 10 g glucose/L. Pre-treatment methods, including organosolv (ethanol 60 %(w/w)), alkali (NaOH 2 %(w/v)) and alkaline-organosolv (ethanol 60 %(w/w) and NaOH 2 %(w/v)) were used on the sugarcane bagasse following enzymatic hydrolysis. Among these, alkaline organosolv pre-treatment exhibited the most effective lignin removal of 81.9 %, releasing 46.7 g/L sugars by hydrolysis. Yeast cultivation on the enzymatic hydrolysates of alkaline organosolv pre-treatment resulted in the highest biomass (9.6 g/L) and lipids (5.0 g/L) yields. However, the highest content of pigments (280 μg/g) was achieved when the yeast was cultivated on the enzymatic hydrolysates of organosolv pre-treatment. Production of 11.3 g/L biomass, 204 μg/g pigments, and 6.7 g/L lipids established that corn steep liquor holds potential as a cheap and viable alternative to yeast extract as nitrogen source. The analysis of fatty acid composition revealed the prevalence of oleic acid and linoleic acid as dominant components.