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.To know about the Research Methodology:-Request Free Sample Report
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.Beta Carotene Market Scope Report: Inquire before buying
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 AmericaBeta 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