Global Beta-Carotene Market, By Source (Fruits & Vegetables, Algae, Synthetic, Other), By Applicatio

Published Date: | Report Code : FA1958597

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Beta-Carotene is a vitamin A-converting antioxidant that plays a very significant role in health.  It helps in the body’s fight against free radicals. Beta-carotene gives  major advantages include eye health, healthy skin, and cardiovascular disease prevention. Its rich amount of pigmentation also is responsible for coloring some fruits and veggies in red, yellow, and orange makes it appropriate for use in the food & beverage and pharmaceutical industries. It also acts as a binding ingredient in functional foods and feed processing 

Segment Analysis

The global beta-carotene market is segmented based on source and application. By source, the algae segment is expected high demand in this market due to this segment is rapidly growing on the worldwide market. Along with these Fruits and vegetables is another main source of the product is anticipated rapid growth. Sweet potato, peas, onion, carrot, pumpkin, spinach, and plums are some of the natural sources. 

Based on the application this market is segmented into food & beverage, animal feed, dietary supplements, pharmaceuticals, cosmetics, and others. The food & beverage segment is expected high growth in this market due to consumers prefer food and beverages rich in taste and color. Also, the unique antioxidant properties of the product protect human cells from damage. Also, the cosmetics segment is anticipated rapid growth in this market because natural and organic products are preferred more than their synthetic counterparts likely to cause skin irritation and acne. It is widely used in makeup, aftershave, skincare, cleansing, and haircare products.

The global beta-carotene market is expected to boom in Europe due to the sustained in-vitro synthesis and increased demand for healthy products resulting in large-scale production. Also, this market is anticipated to rapid growth in the Asia-Pacific region because of the growth in food & beverages, pharmaceutical, animal feed, and other industries in developing countries such as China and India.

Key Factors Impacting Market Growth:
    • Beta-carotene is increasingly used in the development of natural colors for different foods and drinks 
    • Rapidly aging population and increase in lifestyle related chronic diseases 
    • Growing consumer awareness about anti-cancer, anti-aging, and other health benefits of beta carotenes 

Regional Analysis:

This report segments beta-carotene market by region into North America, Asia Pacific, Western Europe, Eastern Europe, Middle East, and Rest of the World. North America, Asia Pacific, and Western Europe are estimated to be major regions for beta-carotene market during the forecast period. North America and Western Europe have been one of the key regions with technological advancements in Food & Agricultural sector. The use of latest technologies in the agricultural activities and established processed food market is estimated to drive demand for beta-carotene market in these regions. 

In addition to this, some of the major companies operating in this market are headquartered in these regions. Asia Pacific is estimated to be one of the fastest growing markets for beta-carotene during the forecast period. The food & agriculture sector is one of the major contributors to economies in the region. In addition to this, government initiatives to promote technological advancements in this region are also one of the key factors to the growth of beta-carotene market. Middle East and rest of the World are estimated to be emerging regions for beta-carotene market during the forecast period.

Companies Covered: Kemin Industries, Overseal Natural Ingredients, Phytone, Algatechnologies, LycoRed, Pharmline, Cyanotech Corporation, Mera Pharmaceuticals, Valensa International, and Sensient Technologies...

Market Segmentation:
By Source:
    • Fruits & Vegetables
    • Algae
    • Synthetic
    • Other

By Application:
    • Food & Beverage
    • Animal Feed
    • Dietry Supplements
    • Pharmaceuticals
    • Cosmetics
    • Others

By Region:
    • North America
        ◦ By Country (US, Canada, Mexico)
        ◦ By Product
        ◦ By Application
    • Western Europe
        ◦ By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
        ◦ By Product
        ◦ By Application
    • Eastern Europe
        ◦ By Country (Russia, Turkey, Rest of Eastern Europe)
        ◦ By Type
        ◦ By Application 
        ◦ By End User Industry
    • Asia Pacific
        ◦ By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
        ◦ By Product
        ◦ By Application
    • Middle East 
        ◦ By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
        ◦ By Product
        ◦ By Application
    • Rest of the World
        ◦ By Region (South America, Africa)
        ◦ By Product
        ◦ By Application

Reasons To Buy This Report:
    • Market size estimation of the global beta-carotene market on a regional and global basis 
    • Unique research design for market size estimation and forecast 
    • Profiling of major companies operating in the market with key developments
    • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:
We provide customization of the study to meet specific requirements:
    • By Segment 
    • By Sub-segment 
    • By Region/Country
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