This Global Beta Carotene Market research provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Research classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
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Global beta carotene market is forecasted to grow at a CAGR of 3.93% during the forecasted period (2019 – 2024).
– Beta carotene is an organic, strongly colored red-orange pigment which is abundantly found in plants and fruits. Beta carotene has tremendous health benefits as a provitamin A and is also popular as a colorant for food and beverages applications. Beta carotene is a powerful antioxidant, it helps the body scavenge free radicals, thereby limiting the damage to cell membranes, DNA and protein structures in the cell thus reducing the risk of cancer.
– Increasing preference towards naturally derived ingredients and cleaner label solutions has instigated the natural beta carotene segments growth.
– Beta carotene derived from microalgae is expected to be extensively used at an industrial level in the near future. Some strains of microalgae, such as spirulina, contains more beta carotene than carrots, more chlorophyll than wheatgrass, and 50 times more iron than spinach.
Market competition by Top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the Top players including-
BASF SE, Koninklijke DSM N.V, Sensient Technologies, D.D. Williamson & Co. Inc., Lycored Corp., Bioextract, Parry Nutraceuticals, Foodchem International, Allied Biotech Corp.
Increasing Demand for Natural Colors in Food Industry to Accelerate Revenue Generation
Consumers demand clean labels on products to know what exactly they consume and at what levels. Their interest in identifying the ingredients present in products has triggered the clean label products market. Consumers, globally, are highly concerned about the long-term effects of synthetic colors on health, and so prefer natural colorants in their foods. Beta carotene is largely used as colorant for beverage and food applications. In this regards, in 2017, BASF SE launched a 10% beta carotene powder, Lucarotin 10 CWD (Cold Water Dispersible) / O (Orange) Plus. In the United States, this product replaced azo dyes yellow 5 and 6 in beverages, soups, confections, and nutrition products. Natural colors help avoid hyperactivity disorders and behavioral issues among other benefits in children. A study shows that around 88% of consumers are willing to pay a premium price for products containing naturally sourced ingredients.
United States Accounted for the Largest Revenue Share In North America
North America beta carotene market is expected to grow at a significant growth rate in the near future. Among all carotenoids, the human body can easily convert beta carotene into retinol (precursor vitamin A), which is a major ingredient in dietary supplements. In the United States, Beta carotene (95% pure) is permitted as a colorant under 21 CFR 73.95 and 21 CFR 166.110 and a pro-vitamin A nutrition supplement under 21 CFR 182.5245 and 21 CFR 184.1245.
Beverage manufacturers have launched various RTD containing beta carotene, nature-identical being the most predominant form. For instance, Vitatine which is an antibiotic subsidiary signed an exclusive agreement with B & D Nutritional Ingredient which will bring its natural beta carotene available in the united states for application in food and beverages and dietary supplement industry. Also, beverage brand GacLife has launched the worlds first line of gac-based wellness products with functions for skin and vision care. Gac fruit is a fruit found in certain Southeast Asian regions and comprises of high concentration of carotenoids, antioxidants, and other nutrients.
Market segment by Regions/Countries, this report covers
North America (U.S., Canada, Mexico)
Global (Germany, UK, France, Rest of Global)
Asia Pacific (China, India, Japan, Rest of Asia Pacific)
Latin America (Brazil, Argentina, Rest of Latin America)
Middle East & Africa
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Major points covered in this research are:-
─Beta Carotene Market Overview, Segment by Type (Product Category), by Application, by Region (2019-2024), Competition by Manufacturers
─Global Market Size (Value) of Beta Carotene (2019-2024)
─Global Beta Carotene Capacity, Production, Revenue (Value), Supply (Production), Consumption, Export, Import by Region (2019-2015)
─Global Beta Carotene Production, Revenue (Value), Price Trend by Type
─Global Beta Carotene Market Analysis by Application
─Global Beta Carotene Manufacturers Profiles/Analysis
─Beta Carotene Manufacturing Cost Analysis
─Industrial Chain, Sourcing Strategy and Downstream Buyers
─Marketing Strategy Analysis, Distributors/Traders
─Market Effect Factors Analysis
─Global Beta Carotene Market Forecast (2019-2024)
─Research Findings and Conclusion
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Finally, this Beta Carotene report covers the market scenario and its development prospects over the coming years. Report likewise manages the type analysis, contrasting it with the significant application, recent Beta Carotene product development and gives an outline of the potential Global market.
Irfan Tamboli (Sales)
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