Beta Carotene Market – Global Industry Analysis and Forecast (2022-2029) by Source, Application and Region


Beta Carotene Market was valued at US$ 252.54 Mn in 2021 and is expected to reach US$ 319.91 Mn by 2029, at a CAGR of 3% during a forecast period.

The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.

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Beta Carotene Market Dynamics:

The global beta carotene market is witnessing growth on the back of increasing health concerns and the increased importance of intake of beta carotene. Additionally, the shift in trends towards natural ingredients is another factor driving the market growth. But, because excessive intake of beta carotene can cause various effects on the human body, therefore, it is recommended to consume in prescribed quantities only.

However, growing demand from emerging economies and increasing demand for algae-based carotene in functional and healthy food provide huge market opportunities.

Beta Carotene Market Segment Analysis:

The food and beverages segment is expected to dominating the market during the forecast period. Growth is projected to be highest from the supplements segment which is projected to grow at the highest CAGR in terms of volume from 2022 to 2029 owing to increasing health concerns, growing awareness about the benefits of beta carotene, and a busy lifestyle.

Beta Carotene Market Regional Insights:

Europe contributed the largest market share of nearly 38% in 2021. Increasing food and beverage, pharmaceutical, and personal care industries have resulted in the expansion of the regional beta carotene market. The APAC is expected to register the fastest CAGR of 4.8% in terms of consumption over the forecast period. Expansion of food and beverages, pharmaceutical, and animal feed among other end-use industries in developing economies such as China and India is contributing to the increase in regional demand for beta carotene.

A recent development in the global market for beta carotene: In November 2017, Chr. Hansen had extended its patented encapsulation technology to raise the stability of beta carotene color pigments for its application in beverage products. The technology-aided beverage manufacturers to use the ingredient in smaller quantity so cost-effective measure with maximized brightness.

Several major players are operating in this market. BASF is the leading player in the market. BASF took over Cogniz, a prominent algae-derived producer in 2010. DSM acquired Vitatene, which was a main fermentation-derived beta carotene producer. This helped further support the companies’ market position.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global Beta Carotene Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence.

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Global Beta Carotene Market




Report Coverage
Details




Base Year:
2021
Forecast Period:
2022-2029




Historical Data:
2017 to 2021
Market Size in 2021:
US $ 252.54 Mn.




Forecast Period 2022 to 2029 CAGR:
3%
Market Size in 2029:
US $ 319.91 Mn.




 Segments Covered:
by Source
• Algae
• Fungi
• Palm oil
• Synthetic
• Others




by Application
• Food & Beverage
• Animal Feed
• Dietary Supplements
• Pharmaceuticals
• Others






Beta Carotene Market, By Region:

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

Beta Carotene Market Key Players:

• Royal DSM
• Sensient Technologies
• Chr. Hansen
• BASF
• FMC Corporation
• Foodchem International
• D.D. Williamson & Co., Inc.
• Merck & Company, Inc.,
• Lycored Corp.
• Flavorchem Corporation,
• BioExtract
• Nutralliance
• Zhejiang Medicine Co., Ltd
• Parry Nutraceuticals.
• Overseal Natural Ingredients Ltd.,
• Pharmline Inc.,
• Mera Pharmaceuticals Inc.
• Valensa International LLC

Frequently Asked Questions:

1. Which region has the largest share in Global Beta Carotene Market?
Ans: Europe region holds the highest share in 2021.

2. What is the growth rate of Global Beta Carotene Market?
Ans: The Global Beta Carotene Market is growing at a CAGR of 3% during forecasting period 2022-2029.

3. What is scope of the Global Beta Carotene market report?
Ans: Global Beta Carotene Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Beta Carotene market?
Ans: The important key players in the Global Beta Carotene Market are –Royal DSM, Sensient Technologies, Chr. Hansen, BASF, FMC Corporation, Foodchem International, D.D. Williamson & Co., Inc., Merck & Company, Inc.,, Lycored Corp., Flavorchem Corporation,, BioExtract, Nutralliance, Zhejiang Medicine Co., Ltd, Parry Nutraceuticals., Overseal Natural Ingredients Ltd.,, Pharmline Inc.,, Mera Pharmaceuticals Inc., Valensa International LLC

5. What is the study period of this market?
Ans: The Global Beta Carotene Market is studied from 2021 to 2029.




Global Beta Carotene Market

1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives

2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Sources
2.3.2. Primary Research
2.3.2.1. Data from Primary Sources
2.3.2.2. Breakdown of Primary Sources

3. Executive Summary: Global Beta Carotene Market Size, by Market Value (US$ Mn) and Volume (Tons)

4. Market Overview
4.1. Introduction
4.2. Market Indicator
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. Porter’s Analysis
4.4. Value Chain Analysis
4.5. Market Risk Analysis
4.6. SWOT Analysis
4.7. Global Beta Carotene Market Industry Trends
4.8. Patent Registration
4.9. Global Beta Carotene Market Competitive Landscape

5. Supply Side and Demand Side Indicators

6. Global Beta Carotene Market Analysis and Forecast
6.1. Global Beta Carotene Market Size & Y-o-Y Growth Analysis
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Middle East & Africa
6.1.5. South America

7. Global Beta Carotene Market Analysis and Forecast, by Application
7.1. Introduction and Definition
7.2. Key Findings
7.3. Global Beta Carotene Market Value Share Analysis, by Application
7.4. Global Beta Carotene Market Size (US$ Mn) Forecast, by Application
7.5. Global Beta Carotene Market Analysis, by Application
7.6. Global Beta Carotene Market Attractiveness Analysis, by Application

8. Global Beta Carotene Market Analysis and Forecast, by Source
8.1. Introduction and Definition
8.2. Key Findings
8.3. Global Beta Carotene Market Value Share Analysis, by Source
8.4. Global Beta Carotene Market Size (US$ Mn) Forecast, by Source
8.5. Global Beta Carotene Market Analysis, by Source
8.6. Global Beta Carotene Market Attractiveness Analysis, by Source

9. Global Beta Carotene Market Analysis, by Region
9.1. Global Beta Carotene Market Value Share Analysis, by Region
9.2. Global Beta Carotene Market Size (US$ Mn) Forecast, by Region
9.3. Global Beta Carotene Market Attractiveness Analysis, by Region

10. North America Beta Carotene Market Analysis
10.1. Key Findings
10.2. North America Beta Carotene Market Overview
10.3. North America Beta Carotene Market Value Share Analysis, by Application
10.4. North America Beta Carotene Market Forecast, by Application
10.4.1. Food & Beverage
10.4.2. Animal Feed
10.4.3. Dietary Supplements
10.4.4. Pharmaceuticals
10.4.5. Others
10.5. North America Beta Carotene Market Value Share Analysis, by Source
10.6. North America Beta Carotene Market Forecast, by Source
10.6.1. Algae
10.6.2. Fungi
10.6.3. Palm oil
10.6.4. Synthetic
10.6.5. Others
10.7. North America Beta Carotene Market Value Share Analysis, by Country
10.8. North America Beta Carotene Market Forecast, by Country
10.8.1. U.S.
10.8.2. Canada
10.9. North America Beta Carotene Market Analysis, by Country
10.10. U.S. Beta Carotene Market Forecast, by Application
10.10.1. Food & Beverage
10.10.2. Animal Feed
10.10.3. Dietary Supplements
10.10.4. Pharmaceuticals
10.10.5. Others
10.11. U.S. Beta Carotene Market Forecast, by Source
10.11.1. Algae
10.11.2. Fungi
10.11.3. Palm oil
10.11.4. Synthetic
10.11.5. Others
10.12. Canada Beta Carotene Market Forecast, by Application
10.12.1. Food & Beverage
10.12.2. Animal Feed
10.12.3. Dietary Supplements
10.12.4. Pharmaceuticals
10.12.5. Others
10.13. Canada Beta Carotene Market Forecast, by Source
10.13.1. Algae
10.13.2. Fungi
10.13.3. Palm oil
10.13.4. Synthetic
10.13.5. Others
10.14. North America Beta Carotene Market Attractiveness Analysis
10.14.1. By Application
10.14.2. By Source
10.15. PEST Analysis
10.16. Key Trends
10.17. Key Development

11. Europe Beta Carotene Market Analysis
11.1. Key Findings
11.2. Europe Beta Carotene Market Overview
11.3. Europe Beta Carotene Market Value Share Analysis, by Application
11.4. Europe Beta Carotene Market Forecast, by Application
11.4.1. Food & Beverage
11.4.2. Animal Feed
11.4.3. Dietary Supplements
11.4.4. Pharmaceuticals
11.4.5. Others
11.5. Europe Beta Carotene Market Value Share Analysis, by Source
11.6. Europe Beta Carotene Market Forecast, by Source
11.6.1. Algae
11.6.2. Fungi
11.6.3. Palm oil
11.6.4. Synthetic
11.6.5. Others
11.6.6. Europe Beta Carotene Market Value Share Analysis, by Country
11.7. Europe Beta Carotene Market Forecast, by Country
11.7.1. Germany
11.7.2. U.K.
11.7.3. France
11.7.4. Italy
11.7.5. Spain
11.7.6. Rest of Europe
11.8. Europe Beta Carotene Market Analysis, by Country
11.9. Germany Beta Carotene Market Forecast, by Application
11.9.1. Food & Beverage
11.9.2. Animal Feed
11.9.3. Dietary Supplements
11.9.4. Pharmaceuticals
11.9.5. Others
11.10. Germany Beta Carotene Market Forecast, by Source
11.10.1. Algae
11.10.2. Fungi
11.10.3. Palm oil
11.10.4. Synthetic
11.10.5. Others
11.11. U.K. Beta Carotene Market Forecast, by Application
11.11.1. Food & Beverage
11.11.2. Animal Feed
11.11.3. Dietary Supplements
11.11.4. Pharmaceuticals
11.11.5. Others
11.12. U.K. Beta Carotene Market Forecast, by Source
11.12.1. Algae
11.12.2. Fungi
11.12.3. Palm oil
11.12.4. Synthetic
11.12.5. Others
11.13. France Beta Carotene Market Forecast, by Application
11.13.1. Food & Beverage
11.13.2. Animal Feed
11.13.3. Dietary Supplements
11.13.4. Pharmaceuticals
11.13.5. Others
11.14. France Beta Carotene Market Forecast, by Source
11.14.1. Algae
11.14.2. Fungi
11.14.3. Palm oil
11.14.4. Synthetic
11.14.5. Others
11.15. Italy Beta Carotene Market Forecast, by Application
11.15.1. Food & Beverage
11.15.2. Animal Feed
11.15.3. Dietary Supplements
11.15.4. Pharmaceuticals
11.15.5. Others
11.16. Italy Beta Carotene Market Forecast, by Source
11.16.1. Algae
11.16.2. Fungi
11.16.3. Palm oil
11.16.4. Synthetic
11.16.5. Others
11.17. Spain Beta Carotene Market Forecast, by Application
11.17.1. Food & Beverage
11.17.2. Animal Feed
11.17.3. Dietary Supplements
11.17.4. Pharmaceuticals
11.17.5. Others
11.18. Spain Beta Carotene Market Forecast, by Source
11.18.1. Algae
11.18.2. Fungi
11.18.3. Palm oil
11.18.4. Synthetic
11.18.5. Others
11.19. Rest of Europe Beta Carotene Market Forecast, by Application
11.19.1. Food & Beverage
11.19.2. Animal Feed
11.19.3. Dietary Supplements
11.19.4. Pharmaceuticals
11.19.5. Others
11.20. Rest of Europe Beta Carotene Market Forecast, by Source
11.20.1. Algae
11.20.2. Fungi
11.20.3. Palm oil
11.20.4. Synthetic
11.20.5. Others
11.21. Europe Beta Carotene Market Attractiveness Analysis
11.21.1. By Application
11.21.2. By Source
11.22. PEST Analysis
11.23. Key Trend
11.24. Key Development

12. Asia Pacific Beta Carotene Market Analysis
12.1. Key Findings
12.2. Asia Pacific Beta Carotene Market Overview
12.3. Asia Pacific Beta Carotene Market Value Share Analysis, by Application
12.4. Asia Pacific Beta Carotene Market Forecast, by Application
12.4.1. Food & Beverage
12.4.2. Animal Feed
12.4.3. Dietary Supplements
12.4.4. Pharmaceuticals
12.4.5. Others
12.5. Asia Pacific Beta Carotene Market Value Share Analysis, by Source
12.6. Asia Pacific Beta Carotene Market Forecast, by Source
12.6.1. Algae
12.6.2. Fungi
12.6.3. Palm oil
12.6.4. Synthetic
12.6.5. Others
12.7. Asia Pacific Beta Carotene Market Value Share Analysis, by Country
12.8. Asia Pacific Beta Carotene Market Forecast, by Country
12.8.1. China
12.8.2. India
12.8.3. Japan
12.8.4. ASEAN
12.8.5. Rest of Asia Pacific
12.9. Asia Pacific Beta Carotene Market Analysis, by Country
12.10. China Beta Carotene Market Forecast, by Application
12.10.1. Food & Beverage
12.10.2. Animal Feed
12.10.3. Dietary Supplements
12.10.4. Pharmaceuticals
12.10.5. Others
12.11. China Beta Carotene Market Forecast, by Source
12.11.1. Algae
12.11.2. Fungi
12.11.3. Palm oil
12.11.4. Synthetic
12.11.5. Others
12.12. India Beta Carotene Market Forecast, by Application
12.12.1. Food & Beverage
12.12.2. Animal Feed
12.12.3. Dietary Supplements
12.12.4. Pharmaceuticals
12.12.5. Others
12.13. India Beta Carotene Market Forecast, by Source
12.13.1. Algae
12.13.2. Fungi
12.13.3. Palm oil
12.13.4. Synthetic
12.13.5. Others
12.14. Japan Beta Carotene Market Forecast, by Application
12.14.1. Food & Beverage
12.14.2. Animal Feed
12.14.3. Dietary Supplements
12.14.4. Pharmaceuticals
12.14.5. Others
12.15. Japan Beta Carotene Market Forecast, by Source
12.15.1. Algae
12.15.2. Fungi
12.15.3. Palm oil
12.15.4. Synthetic
12.15.5. Others
12.16. ASEAN Beta Carotene Market Forecast, by Application
12.16.1. Food & Beverage
12.16.2. Animal Feed
12.16.3. Dietary Supplements
12.16.4. Pharmaceuticals
12.16.5. Others
12.17. ASEAN Beta Carotene Market Forecast, by Source
12.17.1. Algae
12.17.2. Fungi
12.17.3. Palm oil
12.17.4. Synthetic
12.17.5. Others
12.18. Rest of Asia Pacific Beta Carotene Market Forecast, by Application
12.18.1. Food & Beverage
12.18.2. Animal Feed
12.18.3. Dietary Supplements
12.18.4. Pharmaceuticals
12.18.5. Others
12.19. Rest of Asia Pacific Beta Carotene Market Forecast, by Source
12.19.1. Algae
12.19.2. Fungi
12.19.3. Palm oil
12.19.4. Synthetic
12.19.5. Others
12.20. Asia Pacific Beta Carotene Market Attractiveness Analysis
12.20.1. By Application
12.20.2. By Source
12.21. PEST Analysis
12.22. Key Trend
12.23. Key Development

13. Middle East & Africa Beta Carotene Market Analysis
13.1. Key Findings
13.2. Middle East & Africa Beta Carotene Market Overview
13.3. Middle East & Africa Beta Carotene Market Value Share Analysis, by Application
13.4. Middle East & Africa Beta Carotene Market Forecast, by Application
13.4.1. Food & Beverage
13.4.2. Animal Feed
13.4.3. Dietary Supplements
13.4.4. Pharmaceuticals
13.4.5. Others
13.5. Middle East & Africa Beta Carotene Market Value Share Analysis, by Source
13.6. Middle East & Africa Beta Carotene Market Forecast, by Source
13.6.1. Algae
13.6.2. Fungi
13.6.3. Palm oil
13.6.4. Synthetic
13.6.5. Others
13.7. Middle East & Africa Beta Carotene Market Value Share Analysis, by Country
13.8. Middle East & Africa Beta Carotene Market Forecast, by Country
13.8.1. GCC
13.8.2. South Africa
13.8.3. Rest of Middle East & Africa
13.9. Middle East & Africa Beta Carotene Market Analysis, by Country
13.10. GCC Beta Carotene Market Forecast, by Application
13.10.1. Food & Beverage
13.10.2. Animal Feed
13.10.3. Dietary Supplements
13.10.4. Pharmaceuticals
13.10.5. Others
13.11. GCC Beta Carotene Market Forecast, by Source
13.11.1. Algae
13.11.2. Fungi
13.11.3. Palm oil
13.11.4. Synthetic
13.11.5. Others
13.12. South Africa Beta Carotene Market Forecast, by Application
13.12.1. Food & Beverage
13.12.2. Animal Feed
13.12.3. Dietary Supplements
13.12.4. Pharmaceuticals
13.12.5. Others
13.13. South Africa Beta Carotene Market Forecast, by Source
13.13.1. Algae
13.13.2. Fungi
13.13.3. Palm oil
13.13.4. Synthetic
13.13.5. Others
13.14. Rest of Middle East & Africa Beta Carotene Market Forecast, by Application
13.14.1. Food & Beverage
13.14.2. Animal Feed
13.14.3. Dietary Supplements
13.14.4. Pharmaceuticals
13.14.5. Others
13.15. Rest of Middle East & Africa Beta Carotene Market Forecast, by Source
13.15.1. Algae
13.15.2. Fungi
13.15.3. Palm oil
13.15.4. Synthetic
13.15.5. Others
13.16. Middle East & Africa Beta Carotene Market Attractiveness Analysis
13.16.1. By Application
13.16.2. By Source
13.17. PEST Analysis
13.18. Key Trend
13.19. Key Development

14. South America Beta Carotene Market Analysis
14.1. Key Findings
14.2. South America Beta Carotene Market Overview
14.3. South America Beta Carotene Market Value Share Analysis, by Application
14.4. South America Beta Carotene Market Forecast, by Application
14.4.1. Food & Beverage
14.4.2. Animal Feed
14.4.3. Dietary Supplements
14.4.4. Pharmaceuticals
14.4.5. Others
14.5. South America Beta Carotene Market Value Share Analysis, by Source
14.6. South America Beta Carotene Market Forecast, by Source
14.6.1. Algae
14.6.2. Fungi
14.6.3. Palm oil
14.6.4. Synthetic
14.6.5. Others
14.7. South America Beta Carotene Market Value Share Analysis, by Country
14.8. South America Beta Carotene Market Forecast, by Country
14.8.1. Brazil
14.8.2. Mexico
14.8.3. Rest of South America
14.9. Brazil Beta Carotene Market Forecast, by Application
14.9.1. Food & Beverage
14.9.2. Animal Feed
14.9.3. Dietary Supplements
14.9.4. Pharmaceuticals
14.9.5. Others
14.10. Brazil Beta Carotene Market Forecast, by Source
14.10.1. Algae
14.10.2. Fungi
14.10.3. Palm oil
14.10.4. Synthetic
14.10.5. Others
14.11. Mexico Beta Carotene Market Forecast, by Application
14.11.1. Food & Beverage
14.11.2. Animal Feed
14.11.3. Dietary Supplements
14.11.4. Pharmaceuticals
14.11.5. Others
14.12. Mexico Beta Carotene Market Forecast, by Source
14.12.1. Algae
14.12.2. Fungi
14.12.3. Palm oil
14.12.4. Synthetic
14.12.5. Others
14.13. Rest of South America Beta Carotene Market Forecast, by Application
14.13.1. Food & Beverage
14.13.2. Animal Feed
14.13.3. Dietary Supplements
14.13.4. Pharmaceuticals
14.13.5. Others
14.14. Rest of South America Beta Carotene Market Forecast, by Source
14.14.1. Algae
14.14.2. Fungi
14.14.3. Palm oil
14.14.4. Synthetic
14.14.5. Others
14.15. South America Beta Carotene Market Attractiveness Analysis
14.15.1. By Application
14.15.2. By Source
14.16. PEST Analysis
14.17. Key Trend
14.18. Key Development

15. Company Profiles
15.1. Market Share Analysis, by Company
15.2. Competition Matrix
15.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment
15.2.2. New Product Launches and Product Enhancements
15.2.3. Market Consolidation
15.2.3.1. M&A by Regions, Investment and Applications
15.2.3.2. M&A Key Players, Forward Integration and Backward
Integration
15.3. Company Profiles: Key Players
15.3.1. Royal DSM
15.3.1.1. Company Overview
15.3.1.2. Financial Overview
15.3.1.3. Product Portfolio
15.3.1.4. Business Strategy
15.3.1.5. Recent Developments
15.3.1.6. Manufacturing Footprint
15.3.2. Sensient Technologies
15.3.3. Chr. Hansen
15.3.4. BASF
15.3.5. FMC Corporation
15.3.6. Foodchem International
15.3.7. D.D. Williamson & Co., Inc.
15.3.8. Merck & Company, Inc.,
15.3.9. Lycored Corp.
15.3.10. Flavorchem Corporation,
15.3.11. BioExtract
15.3.12. Nutralliance
15.3.13. Zhejiang Medicine Co., Ltd
15.3.14. Parry Nutraceuticals.
15.3.15. Overseal Natural Ingredients Ltd.,
15.3.16. Pharmline Inc.,
15.3.17. Mera Pharmaceuticals Inc.
15.3.18. Valensa International LLC

16. Primary Key Insights

About This Report

Report ID 31500
Category Food & Beverages
Published Date Oct 2022
Updated Date
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