The
Global Beta-carotene market is majorly propelled by rising awareness towards
the consumption of beta-carotene and inclination of industries towards natural
beta-carotene across the globe according to our research report “Global Beta-carotene Market
Outlook 2024”.
Regionally, the beta-carotene market is
segmented into North America, Europe, Asia-Pacific and Rest of World (ROW).
Among these, North America is anticipated to witness a significant growth and
occupy the largest share of beta-carotene market by 2024.
On account of increasing demand for
beta-carotene from food and beverage industry, 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.
Geographically, North America dominates the
beta-carotene market followed by Europe. Increasing awareness associated with
the consumption of beta-carotene is driving the North America market.
Rising Awareness towards the Consumption
of Beta-carotene: Elevate
The essential role of beta-carotene and
others as the main dietary source of vitamin A coupled with higher edge of
natural beta-carotene over synthetic beta-carotene in terms of lip-solubility
and antioxidant activity is propelling the growth of beta-carotene market all
across the globe.
Inclination of Industries towards
Natural Beta-carotene: Uplift
In human body, beta-carotene gets
transformed to vitamin A nutrients which empower the immune system. Food and
Beverage industries are now more inclined towards the use of natural
beta-carotene in comparison to synthetic beta-carotene. This outsized shift of
industry from synthetic to natural beta-carotene will intensify the market
growth in upcoming 5-6 years.
The report titled “Global
Beta-carotene Market Outlook 2024” delivers detailed overview of
Beta-carotene market in terms of market segmentation by raw material, by
beta-carotene type, by application.
Further, for the in-depth analysis, the
report encompasses the industry growth drivers, restraints, supply and demand risk,
market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing
competitive scenario of some of the key players of beta-carotene industry which
includes company profiling of Kemin Industries Inc, BASF, Sensient Technologies
Corporation, Cyanotech Corporation, Phytone Limited etc. The profiling enfolds
key information of the companies which encompasses business overview, products
and services, key financials and recent news and developments. On the whole,
the report depicts detailed overview on the global beta-carotene market that
will help industry consultants, equipment manufacturers, existing players
searching for expansion opportunities, new players searching possibilities and
other stakeholders to align their market centric strategies according to the
ongoing and expected trends in the future.
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