Beta-carotene
is one of the widely used carotenoids in food industry. Carotenoids are natural
fat soluble pigments responsible for the red, orange and yellow colours in
plants, flowers, fruits, algae and bacteria. Beta-carotene
is mainly used in food industry to provide appropriate colour to the products.
Human body is fit for the consumption of beta-carotene. In human body,
beta-carotene gets transformed to vitamin A nutrients which empower the immune
system in human body. Commercial production of beta-carotene is carried
out through biotechnological processes using filamentous fungi, yeast, bacteria
or microalgae and solid liquid extraction from plants. Beta-carotene is
considered as powerful antioxidants. Shielding effects of beta-carotene against
disorders such as cancer and heart diseases is intensifying the growth of market
in food and beverage industry. In pet feeds, beta-carotene helps animals
to maintain optimal health.
Market Segmentation
By
Beta-carotene Type
On
the basis of type, the market can be segmented into following categories:-
·
Water
Soluble Beta-carotene
o Powder Beta-carotene
o Liquid Beta-carotene
·
Oil
Soluble Beta-carotene
o Powder Beta-carotene
o Powder Beta-carotene
By Raw
Material
·
Carrots
·
Sweet
Potato
·
Pumpkin
·
Spinach
·
Others
(plums)
By Application
Based
on in-depth interviews with food companies, report reflects a complete overview
of following application segment:-
·
Food
and Beverage Industry
·
Supplements
·
Cosmetics
·
Feed
·
Others
By Region
Global
Beta-carotene Market is further classified on the basis of region as follows:
·
North
America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity
Analysis
·
Latin
America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth &
Opportunity Analysis
·
Western
and Eastern Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium,
Netherlands & Luxembourg, Rest of Western Europe) Market size, Y-O-Y growth
& Opportunity Analysis
·
Asia-Pacific
(China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market
size, Y-O-Y growth & Opportunity Analysis
·
Middle
East and Africa ( GGC, South Africa, North Africa ) Market size, Y-O-Y growth
& Opportunity Analysis
Growth Drivers and Challenges
Carotenoids
are important factors in human health. The essential role of beta-carotene and
others as the main dietary source of vitamin A has been known for many years.
Rising awareness towards the consumption of beta-carotene is anticipated to be
the major factor propelling the market growth over the forecast period.
Physical
properties of natural beta-carotene have a high edge over the synthetic
beta-carotene. Synthetic beta-carotene has lower lip-solubility and antioxidant
activity than naturally produced beta-carotene. This outsized shift of industry
from synthetic to natural beta-carotene is intensifying the market growth all
across the globe. Beta-carotene holds exceptional properties as a colorant,
physiological antioxidant and pro-vitamin A. This means that it is used across
many diverse segments such as food, feed, supplements and cosmetics. Each
segment demands different properties and stability of the beta-carotene
formulations. Wide scope associated with the application of beta-carotene is
anticipated to be the major factor driving the market in upcoming 5-6 years.
Excessive
intake of beta-carotene can cause multiple disorders in human body, so it
should be consumed in prescribed way. The beta-carotene market is an
unorganised market, pricing issues with local manufacturers is anticipated to
be the major factor restraining market growth over the forecast period i.e.
2016-2023.
Market Size & Forecast
The global beta-carotene market is
estimated to reach USD 583 million by the end of 2024 witnessing a compound
annual growth rate of 3.1% over the forecast period 2017-2024. The market is mainly driven by
increasing demand for beta-carotene from food and beverage industry.
North
America region subsidized the highest market share of beta-carotene
market followed by Europe in 2015. U.S captured the highest market
share in North America region followed by Canada. Increasing awareness associated
with the consumption of beta-carotene is anticipated to be the major factor
driving the market. Asia Pacific beta-carotene market is anticipated to show a
persuasive growth over the forecast period.
Carrot raw
material segment is likely to dominate the global market. On the other hand in
terms of application, food and beverage industry marked highest share in the
beta-carotene market in terms of revenue.
Key Players
·
BASF
SE
·
Kemin
Industries Inc.
·
Algatechnologies
Ltd.
·
Chr.
Hansen A/S
·
Phytone
Limited
·
Cyanotech
Corporation
·
Royal
DSM N.V.
·
LycoRed
Ltd.
·
Overseal
Natural Ingredients Ltd.
·
Pharmline
Inc.
·
Sensient
Technologies Corporation
Scope and Context
Overview
of the Parent Market
Analyst
View
Segmentation
·
By
Raw Material Type Market Size & Y-O-Y Growth Analysis
·
By
Beta-carotene Type Market Size & Y-O-Y Growth Analysis
·
By
Application Market Size & Y-O-Y Growth Analysis
By Regions
Global
Beta-carotene Market has been studied on countries and regions like:
·
North
America (U.S., Canada) Market Size & Y-O-Y Growth Analysis
·
Latin
America (Mexico, Brazil, Rest of Latin America) Market Size & Y-O-Y Growth
Analysis
·
Western
and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest
Of Western Europe, Russia Poland, Rest of Eastern Europe) Market Size &
Y-O-Y Growth Analysis
·
Asia-Pacific
(China, India, Singapore, Japan, Australia & New Zealand & Rest of
Asia) Market Size & Y-O-Y Growth Analysis
·
Middle
East and North Africa (MENA) Market Size & Y-O-Y Growth Analysis
·
Rest
of World Market Size & Y-O-Y Growth Analysis
Market
Dynamics
Supply
& Demand Risk
Competitive
Landscape
Porter’s
Five Force Model
Geographical
Economic Activity
Key
Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent
Trends and Developments
Industry
Growth Drivers and Challenges
Key
Information for Players to establish themselves in current dynamic environment
To know
more about this research, kindly visit:
For Table of Content &
Free Sample Report Contact:
Ajay
Daniel
Email:
ajay.daniel@researchnester.com
U.S. +1 646 586 9123
U.K. +44 203 608 5919
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