Global Beta Carotene Market, By Source (Algae, Fungi, Palm Oil, Synthetic, Others), Application (Food & Beverage, Animal Feed, Dietary Supplements, Pharmaceuticals, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E., Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Beta Carotene Market
The demand for beta carotene is projected to rise at a rate of 4.5% in the forecast period of 2021 to 2028. Increased cases of cancer patients and benefits provided by beta carotene in the treatment of cancer are likely to serve as driving factor in the forecast period of 2021-2028 for the beta carotene market.
Beta carotene is a red and orange pigment which is found in plants and fruits particularly in the carrot and colourful vegetables. Beta carotene is further converted into vitamin A which is toxic at higher level. Beta carotene = functions as carotenoid as well as an antioxidant. Human body need vitamin A for healthy skin and mucus membranes to boost immune system and for good vision.
Increasing focus on healthy and natural diet for healthy skin and growing consumer awareness regarding beta carotene as an antioxidant are boosting the growth of beta carotene market. Additionally, various benefits and applications of beta carotene across the end industries such as animal feed, dietary supplements and cosmetics are likely to fuel the growth of the beta carotene market. Extensive use of beta carotene in food and beverages for colour enhancement and as nutrition supplement is contributing to the growth of beta carotene market. Furthermore, various health benefits such as immunity enhancement and usage in cancer and cardiovascular disease are accelerating the growth of beta carotene market.
On the contrary, side effects associated with beta carotene upon excessive usage including loss of stools, bruising, & joint pain and turning skin orange or yellow is anticipated to restrict the growth of beta carotene market. Nevertheless, increase in demand of immunity boosters due to outbreak of COVID-19 across the globe is likely to provide lucrative opportunity for beta carotene market. On the other hand, beta carotene market is facing challenge of growing awareness regarding adverse effect of artificial and synthetic products among the consumers.
This beta carotene market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on beta carotene market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Beta Carotene Market Scope and Market Size
The beta carotene market is segmented on the basis of source and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of source, the beta carotene market is segmented into algae, fungi, palm oil, synthetic and others.
- Based on application, the beta carotene market is segmented into food & beverage, animal feed, dietary supplements, pharmaceuticals and others.
Global Beta Carotene Market Country Level Analysis
Global beta carotene market is analysed and market size, volume information is provided by country, source and application as referenced above.
The countries covered in the beta carotene market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
North America dominates the beta carotene market due to growing awareness about health benefits of beta carotene and huge presence of nutraceuticals industries in the region.
The country section of the beta carotene market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Beta Carotene Market Share Analysis
The beta carotene market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to beta carotene market.
The major players covered in the beta carotene market report are BASF SE, Chr Hansen Holding A/S, DSM N.V., Food Chem International, Bioextract, DD Williamson & Co., INC, Nutralliance, Parry Nutraceuticals, Sentient Cosmetic Technologies, Allied Biotech Corp., Ltd, Divis Laboratories, ZMC-USA LLC, Dynadis SARL, RohaDyechem, Zhejiang NHU Co., LTD, Naturex SA, Lycored and Zhejiang Medicine Co., Ltd. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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