Overview
The Global BETA CAROTENE MARKET was valued at USD 40.38 Billion in 2023 and is expected to expand to USD 62.34 Billion in 2030 at a CAGR of 5.58% during the forecast period 2023- 2030.
The Beta carotene is defined as the part of the plant pigment that unveils defensive properties against numerous dreadful diseases. These are derived from various sources such as Algae, Fruits & Vegetables, and Synthetic source. Beta carotenes are widely used in various end use industries including Food & Beverages, Dietary Supplements, Cosmetics, & Animal Feed.
Market Restraints
The increase in awareness regarding adverse effect of artificial or synthetic products expected to limit the global beta carotene market growth during this forecast period.
Market Drivers
The industry is expected to witness remarkable growth over the forecast period, owing to increase in the beta-carotene consumption in food and beverages industry personal care, cosmetics, and dietary supplements will boost the global beta carotene market growth.
Furthermore, the rise in demand for natural-source carotene products is expected to support the market growth. The beta carotene offers various benefits such as nutrition supplement and an antioxidant across various end use industries such as personal care, cosmetics, and dietary supplements will positively influence the demand of beta carotene across the globe. Moreover, the increase in consumer awareness about anti-aging, anti-cancer, and other health welfares expected to drive the global beta carotene market growth during this forecast timeline.
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Market Segmentation
The Global Beta Carotene Market is segmented into source such as Algae, Fruits & Vegetables, & Synthetic. Further, market is segmented into application such as Food & Beverages, Dietary Supplements, Cosmetics, & Animal Feed.
Also, the Global Beta Carotene Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
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Market Key Players
路聽聽聽聽聽聽聽 Chr. Hansen Holding A/S
路聽聽聽聽聽聽聽 BioExtract
路聽聽聽聽聽聽聽 聽Flavorchem Corporation
路聽聽聽聽聽聽聽 聽Foodchem International Corporation
路聽聽聽聽聽聽聽 Lycored
路聽聽聽聽聽聽聽 Sensient Cosmetic Technologies
路聽聽聽聽聽聽聽 D.D
路聽聽聽聽聽聽聽 Williamson & Co.
路聽聽聽聽聽聽聽 IncNutralliance
路聽聽聽聽聽聽聽 Zhejiang Medicine Co., Ltd
路聽聽聽聽聽聽聽 Parry Nutraceuticals.
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