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Beta-Carotene Market Trend Overview, Segmentation and 2024 Forecast

Rise in demand for the naturally-sourced products in food & beverages and dietary supplements industry is expected to remain a key driving factor for the global market. The Global Beta-Carotene Market is expected to reach USD 621.0 million by 2024, according to a new report by Grand View Research, Inc.


The growing health concern across all age groups and the adverse effect of the use of synthetic products in end-use industries such as food & beverages and dietary supplements is driving the market for beta-carotene products.

Various companies have been shifting from synthetic to natural based beta-carotene products. Companies have been investing in new product innovation and are trying to develop beta carotene from genetically modified micro-organisms.

Beta-carotene is widely used as colorants, nutrition supplements and antioxidants in various industries. Food & beverages, dietary supplements, cosmetics and animal feed, are the major end-user industry for beta-carotene. Food & beverages was the leading application segment and contributed over 30% of total revenue in 2015.

Beta-carotene can be derived from natural as well as synthetic sources. Natural sources include algae fruits & vegetable, fungus, palm oil, & more and synthetic source include petrochemical products.

To Know More About Beta-Carotene Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/beta-carotene-market

Algae was the leading source for beta-carotene and accounted for 37.9% of total market revenue in 2015. Various benefits of natural sources over synthetic source is anticipated to drive the market for natural based beta-carotene.

Top Players of Beta-Carotene Market:

Key companies operating in the global market include DSM N.V. & BASF SE., Chr. Hansen Holding A/S, Foodchem International Corporation, Flavorchem Corporation, Lycored, D.D. Williamson & Co., Inc., BioExtract, Nutralliance, Zhejiang Medicine Co., Ltd, Sensient Cosmetic Technologies, and Parry Nutraceuticals.

Market Segmentation of Beta-Carotene Market:

The Global Beta-Carotene Market segmented on the basis of Source, Application, and Region.

By Source:

    Algae
    Fruits & Vegetables
    Synthetic

By Application:

    Food & Beverages
    Dietary Supplements
    Cosmetics
    Animal Feed

By Region:

    North America
    Europe
    Asia Pacific
    Central & South America
    Middle East & Africa

Inquire about Beta-Carotene Market with Our Experts @ https://www.grandviewresearch.com/inquiry/3271
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