Beta-Carotene Market Analysis By Regions (North America, Europe, Asia-Pacific, Latin America and Africa), Product, Size, Share, Trends, Growth Factors, Revenue By Application And Segment Forecasts To 2027.
Global Beta-Carotene Market is predicted to grow considerably in the years to come owing to the impressive increase in the consumption of beta-carotene in different types of foods. Beta-carotene is also termed as provitam in A is an essential source of vitamin A (retinol) in vegetables and fruits. An antioxidant plays important role in normal human growth, development, and eyesight. Beta-carotene also fortifies immune system of the body and has a strong impact on thymus gland where immune cells are produced.
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Beta-carotene also improves the creation of RNA. Beta-carotene market is experiencing growth due to increasing health issues and augmented importance of the vitamin source, rising inclination towards unadulterated ingredients, and high demand from developing regions is projected to drive overall market in the coming years. On the other hand, excessive consumption of beta-carotene can adversely affect human body and high cost of supplements may restrain overall market growth in the years to come.
Beta-carotene industry is categorized on the basis of source, type, application, and geography. In terms of source, the market is divided into carrots, pumpkin, sweet potato, and spinach and plums. Carrots provide more beta carotene as compared to others, due to which the segment is expected to register maximum growth in future. On the basis of type, the market is divided into oil soluble and water soluble beta-carotenes. Owing to high implications, water-soluble beta-carotenes are expected to lead beta carotene market in the coming years.
Based on application, beta-carotene industry is split into supplements, food & beverages, feed and cosmetics. Beta-carotene is extensively used in providing color to foods and beverages, due to which, the segment is estimated to lead beta carotene market in the years to come. Food and beverages segment is further categorized into dairy products, bakery and confectionery, processed food soft drinks/juices, and infant food. In terms of revenue, bakery and confectionary, followed by processed foods contribute majorly to the market.
Geographically, beta carotene industry is segmented as North America, Europe, Asia Pacific, and Middle East & Africa. Owing to large number of players, Europe is predicted to hold larger market share of beta-carotene. The major players in beta-carotene industry include BASF and DSM, Phytone, Valensa International, Kemin Industries, Cyanotech Corporation, Overseal Natural Ingredients, Algatechnologies, LycoRed, Mera Pharmaceuticals, Sensient Technologies, and Pharmline.
This research report offers a comprehensive analysis of key elements of the Beta-Carotene Market such as potential top key Manufacturers along with their strengths and weaknesses. The Beta-Carotene Market report also comprises some useful strategies and scenario for the new players in the market. While forecasting the growth of the global Beta-Carotene market, various statistical tools were utilized to get an accurate result of the Demographic data.
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