Beta-Carotenes are one of the most popular carotenoids used in the food & beverage industry. Carotenoids are fat-soluble pigments that give reddish-yellow color to fruit, flowers, plants, algae, and bacteria. Beta-carotene gets transformed into Vitamin A and nutrients after digestion and increases the immune system in humans. It is used as a natural coloring agent in various industries such as cosmetic, animal feeds, supplements, and other industries which requires natural or synthetic coloring agents. It has various health benefits such as it decreases the risk of heart diseases and works against cancer cells. Innovation in the industry is related to new and extended use of Beta-Carotene which can be used across various industries.
Market scope and structure analysis:
|Market size available for years||2020–2027|
|Base year considered||2019|
|Forecast units||Value ($US)|
|Segments covered||Type, Raw Material,Application, and Region|
|Regions covered||North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA)|
|Companies covered||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. and Sensient Technologies Corporation|
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- The market is experiencing high demand due to the health benefits that Beta-Carotene offers for immunization in the human body.
- The manufacturers are facing problems in manufacturing as there is the unavailability of raw materials.
- The market is anticipated to grow substantially after the lockdown and COVID-19 cases are settled as people are now more aware of health benefits and the immune system.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Surge in the application in the cosmetic industry and animal & pet foods industry and health benefits provided by Beta-Carotene with increased awareness among people and the number of health diseases due to weak immune system are the factors that drive the global Beta-Carotene market. In addition, Beta-Carotene constitutes physiological anti-oxidants and a high level of Vitamin A which creates demand from the food supplement industry. However, the major constrains of the market is competition from highly unorganized local manufacturers and excess use of Beta-Carotene which can cause disorders in the human body.
The global Beta-Carotene Market trends are as follows:
Surge in usage in beauty & personal care industry
There has been a growth in demand of Beta-Carotene from the beauty & personal care industry as the color being one of the most important factors for the cosmetic the natural organic cosmetic manufacturers use Beta-Carotene as an active coloring ingredient for most of the cosmetic. In addition, it is used for manufacturing bath products, shampoos, hair conditioners, aftershave lotions, makeup, cleansing products, suntan products, and other skincare products. The rise in use by the beauty & personal care industry boosts the market growth.
Asia-Pacific has the highest growth, North America and European countries the biggest consumers
The Asia-Pacific market has been growing significantly from the past few years and there has been an increased demand for processed food & beverages, cosmetic and health supplements as the disposable income of the people in the emerging economies are growing. Moreover, the North American & European countries have the highest consumption rate due to the presence of more food & beverage industries in the entire North America & Europe and the manufacturers and food processing units of European countries process the food using latest available technology which gives the competitive advantage to the food manufacturers.
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Key Segments Covered:
Key Benefits of the Report:
- This study presents the analytical depiction of the global beta-caroteneindustry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global beta-carotenemarket share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global beta-carotenemarket growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global beta-carotenemarket analysis based on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the Beta-Carotene MarketResearch Report:
- What are the leading market players active in the beta-carotenemarket?
- What the current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
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