Beta Carotene Market - Growth, Trends, and Forecast (2019 - 2024)

Global beta carotene market is segmented by source (Natural and Synthetic), End-Use (Food and Beverages, Cosmetic Industry, Animal Feed, Pharmaceutical, and Dietary Supplements) and Geography.

Market Snapshot

meat substitute market
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia

Largest Market:

Europe

CAGR:

3.93%

Key Players:

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Beta Carotene Market

Global beta carotene market is projected to grow at a CAGR of 3.93% during the forecast period.

  • Beta carotene is an organic, strongly colored red-orange pigment which is abundantly found in plants and fruits. Beta carotene has tremendous health benefits as a provitamin A and is also popular as a colorant for food and beverages applications. Beta carotene is a powerful antioxidant, it helps the body scavenge free radicals, thereby limiting the damage to cell membranes, DNA and protein structures in the cell thus reducing the risk of cancer. 
  • Increasing preference towards naturally derived ingredients and cleaner label solutions has instigated the natural beta carotene segment’s growth.
  • Beta carotene derived from microalgae is expected to be extensively used at an industrial level in the near future. Some strains of microalgae, such as spirulina, contains more beta carotene than carrots, more chlorophyll than wheatgrass, and 50 times more iron than spinach.

Scope of the Report

The global beta carotene market is segmented by source into, natural and synthetic. By end-use, the global beta carotene market is segmented into, food and beverages, cosmetic industry, animal feed, pharmaceutical, and dietary supplements. The food and beverages segment can be further sub-segmented into, bakery, confectionery, dairy, beverages, and others.

Source
Natural
Synthetic
End-Use
Food and Beverages
Bakery
Confectionery
Dairy
Beverages
Others
Cosmetic Industry
Animal Feed
Pharmaceutical and Dietary Supplements
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Russia
Spain
Italy
Rest of Europe
Asia Pacific
India
China
Japan
Australia
Rest of Asia Pacific
Rest of the World
South America
Middle East and Africa

Report scope can be customized per your requirements. Click here.

Key Market Trends

Increasing Demand for Natural Colors in Food Industry to Accelerate Revenue Generation

Consumers demand clean labels on products to know what exactly they consume and at what levels. Their interest in identifying the ingredients present in products has triggered the clean label products market. Consumers, globally, are highly concerned about the long-term effects of synthetic colors on health, and so prefer natural colorants in their foods. Beta carotene is largely used as colorant for beverage and food applications. In this regards, in 2017, BASF SE launched a 10% beta carotene powder, Lucarotin 10 CWD (Cold Water Dispersible) / O (Orange) Plus. In the United States, this product replaced azo dyes yellow 5 and 6 in beverages, soups, confections, and nutrition products. Natural colors help avoid hyperactivity disorders and behavioral issues among other benefits in children. A study shows that around 88% of consumers are willing to pay a premium price for products containing naturally sourced ingredients. 

Beta Carotene Market 1

To understand key trends, Download Sample Report

United States Accounted for the Largest Revenue Share In North America

North America beta carotene market is expected to grow at a significant growth rate in the near future. Among all carotenoids, the human body can easily convert beta carotene into retinol (precursor vitamin A), which is a major ingredient in dietary supplements. In the United States, Beta carotene (95% pure) is permitted as a colorant under 21 CFR 73.95 and 21 CFR 166.110 and a pro-vitamin A nutrition supplement under 21 CFR 182.5245 and 21 CFR 184.1245.  

Beverage manufacturers have launched various RTD containing beta carotene, nature-identical being the most predominant form. For instance, Vitatine which is an antibiotic subsidiary signed an exclusive agreement with B & D Nutritional Ingredient which will bring its natural beta carotene available in the united states for application in food and beverages and dietary supplement industry. Also, beverage brand GacLife has launched the world’s first line of gac-based wellness products with functions for skin and vision care. Gac fruit is a fruit found in certain Southeast Asian regions and comprises of high concentration of carotenoids, antioxidants, and other nutrients.

Beta Carotene Market 2

To understand geography trends, Download Sample Report

Competitive Landscape

Major players in the global beta carotene market are, Royal DSM, Sensient Technologies, Chr. Hansen, and BASF SE. Other players include FMC Corporation, Foodchem International, D.D. Williamson & Co. Inc., Merck & Company Inc., and Lycored Corp. The major manufacturers in the global beta carotene market are expanding their presence and procurement procedures, along with significant investment in R&D. 

Major Players

  1. BASF SE
  2. Koninklijke DSM N.V.
  3. Chr. Hansen A/S
  4. Sensient Technologies
  5. LycoRed Ltd.

* Complete list of players covered available in the table of contents below

99

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porters Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Source

      1. 5.1.1 Natural

      2. 5.1.2 Synthetic

    2. 5.2 End-Use

      1. 5.2.1 Food and Beverages

        1. 5.2.1.1 Bakery

        2. 5.2.1.2 Confectionery

        3. 5.2.1.3 Dairy

        4. 5.2.1.4 Beverages

        5. 5.2.1.5 Others

      2. 5.2.2 Cosmetic Industry

      3. 5.2.3 Animal Feed

      4. 5.2.4 Pharmaceutical and Dietary Supplements

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Russia

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Italy

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia Pacific

        1. 5.3.3.1 India

        2. 5.3.3.2 China

        3. 5.3.3.3 Japan

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Rest of Asia Pacific

      4. 5.3.4 Rest of the World

        1. 5.3.4.1 South America

        2. 5.3.4.2 Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Share Analysis

    2. 6.2 Most Active Companies

    3. 6.3 Most Adopted Strategy

    4. 6.4 Company Profiles

      1. 6.4.1 BASF SE

      2. 6.4.2 Koninklijke DSM N.V

      3. 6.4.3 Sensient Technologies

      4. 6.4.4 D.D. Williamson & Co. Inc.

      5. 6.4.5 Lycored Corp.

      6. 6.4.6 Bioextract

      7. 6.4.7 Parry Nutraceuticals

      8. 6.4.8 Foodchem International

      9. 6.4.9 Allied Biotech Corp.

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please Enter a Valid Message!


Complete your payment details below

Shipping & Billing Information

Payment Information