Beta Carotene Market by Type (Natural and Synthetic), By Source (Algae, Fungi, Palm Oil, Synthetic), By Application (Food and beverages, Animal Feed, Dietary Supplements, Pharmaceuticals), and Region (North America, Europe, Asia Pacific, Middle East and Africa, and South America) Global Forecast 2022 to 2032

The global Beta Carotene market is anticipated to increase at a 6.7% CAGR to reach value US$ 644 Mn  in 2032

The study of Beta Carotene Market trend summarized the market demand to be of xxxxx tons and reach up to xxxxx tons, all across the globe. Beta-carotene is a widely used carotene in food industry, which is a natural fat soluble pigments responsible for the various colors plants, fruits, flowers, bacteria and algae.

Carotenoids are colorful and natural fat soluble pigments that work as antioxidants extracted from synthetic sources. On consumption carotenoids are convertto Vitamin A and work towards improving the immunity for humans. Carotenes provide protection from heart diseases and also contains skin treatment properties. There are different types of carotenes which includes beta-carotene, lutein, lycopene, zeaxanthin, canthaxanthin, astaxanthin and others.

Beta Carotene market trend study shows a high growth owing to its immunity booster features. With its various properties like anti-cancer agent, anti-aging being discovered, it is garnering attention in various food, animal feed and personal care products. The fast paced live and busy schedules have resulted in aging and heart ailments and chronic diseases amongst people. This in turn has led to growth in Beta Carotene Market demand that provides food and health supplements. Beta carotene when used for pet foods helps the pets maintain good health.

Commercial production of beta carotene is done through a biotechnological process that uses bacteria, fungi and yeast and extractions from plants. The beta carotene market trend has seen a rise in the past 5 years due to better raw materials and reduced distribution costs. However, the growing popularity and demand for naturally created food and skin products is a factor that might affect the beta carotene market size.

Europe is leading contributor in the beta carotene market size with almost 35% of contribution. There is a large number of consumers and producers in Europe to meet the market demand as it is predicted to grow steadily in the coming years. Asia Pacific region is another fast growing region in the beta carotene market size. The growth of this is mostly due to the increased and steady high demand in food and beverages industry, cosmetics and healthcare industry. Dietary supplements are extremely popular amongst people amongst the growing urban population.

The beta Carotene market is segmented based on outlook, applications and region. On the basis of source it is divided as Fruits and Vegetables, Algae and synthetic. With respect to applications it can be segmented as Food and Beverages, Cosmetics, Animal feeds and dietary supplements. Geographically it can be divided as North America, Europe, Asia and Pacific, Central and South America, Middle East and Africa.

The Global beta carotene market is highly competitive as the number of experienced providers is much less than required. Some of the leading names in the industry are BASF SE, Algatechnologies Ltd, Kemin Industries, Phytone limited, Sensient technologies and many more.

Segments:

The various segments of Beta Carotene Market are,

By Source:

• Algae
• Fungi
• Palm Oil
• Synthetic

By Application:

• Food and beverages
• Animal Feed
• Dietary Supplements
• Pharmaceuticals

By Regions:

• North America
• Europe
• Asia and Pacific
• Central and South America
• Middle East and Africa.

What to expect from the upcoming report on ‘Global beta carotene Market’:

- Future prospects and current trends of the beta carotene market by the end of forecast period (2018-2025)

- Information regarding technological progressions as well as innovations across the world

- Supportive initiatives by government likely to influence the market dynamics.

- Market overview and changing market dynamics of the industry.

- In-depth analysis of different market segmentations including regional segmentations, applications and types.

• Deep analysis about the competitive landscape of the market and the initiatives by them to improve this market.

- Trends, drivers, opportunities, restraints, challenges and key developments in the market

Who should buy this report?

Venture capitalists, Investors, financial institutions, Analysts, Government organizations, regulatory authorities, policymakers ,researchers, strategy managers, and academic institutions looking for insights into the market to determine future strategies.