Beta-Carotene Market Report, By Source (Algae, Fruits & Vegetables, Synthetic), Application (Food & Beverages, Dietary Supplements, Cosmetics, Animal Feed) and Geography- Global Market Share, Trend Analysis & Forecast

Beta carotene is an antioxidant that transforms to vitamin A and plays a vital role in health. Antioxidants such as beta carotene play decisive roles in the fight against free radicals. Major Beta-carotene functions include improving cognitive function, promoting good skin health, contributing to lung health, reducing macular degeneration, preventing cancer etc.

Beta-carotene is FDA approved to be utilized as a nutrient supplement and to be even added in infant formula as a source of vitamin A. It is also permitted to be used as a color additive for food products, drugs (with the label of "only as a color additive") and cosmetics. It is used normally for minimizing of photosensitivity in patients with erythropoietic protoporphyria and other photosensitivity diseases.

Market Dynamics- Global Beta-Carotene Market

Increasing health concerns because of hectic lifestyle and early age problems in today’s generation is forcing customers to accept natural food products. Mounting consumer awareness about health advantages from carotenoid intake is likely to drive demand.

Advanced raw material and distribution costs have seen an improvement in beta carotene market price trend over the last few years. Carotenoids are gaining acceptance owing to its advantages relating to health and easy availability, with Lycopene, Zeaxanthin, Beta Carotne Astaxanthin and Canthaxanthin being key variants. 

Beta-Carotene Market- Segmental Overview

The study analyses Global Beta-Carotene market based on source, application and geography. 

• Major source of beta-carotene include algae, fruits & vegetables, synthetic and others. The algae based beta-carotene market is likely to grow at a fastest rate over the forecast period. Synthetic based products hold for a very small share in the global industry.
• The market finds application in food & beverages, dietary supplements, cosmetics and animal feed. Food & beverage sector are likely to account for the majority of the share over the forecast period. Personal care & cosmetics is likely to witness substantial growth during the estimated timeframe.

Global Beta-Carotene Market-Regional Outlook

The market is studied for the key countries of North America, Europe, Asia Pacific and Rest of the World. Europe is likely to come up as a leading producer over the forecast period owing to majority of beta-carotene producers existing in the region. Germany is likely to hold majority of share for beauty supplement marketers. Shifting consumer preference for nutraceuticals products over cosmetic surgery is likely to drive growth. Similarly, Asia Pacific region is likely to grow at a fastest rate over the estimated timeframe mostly because of the significant rise in the food & beverages, cosmetics and other end user industry. 

Global Beta-Carotene Market-Key Players

The major players of the Beta-Carotene Market are DSM N.V., Chr. Hansen Holding A/S, Foodchem International Corporation, Flavorchem Corporation, Lycored, DD Williamson & Co., BioExtract, Nutralliance, Zheijang Medicine Co. Ltd. and among other.