Global Beta Carotene Market was evaluated to be USD XXXX million and is likely to reach USD XXXXX million, growing at a CAGR of XX% during the forecast period. The study of Beta Carotene Market trend summarized the market demand to be of xxxxx tons and reach up to xxxxx tons, all across the globe. Beta-carotene is a widely used carotene in food industry, which is a natural fat soluble pigments responsible for the various colors plants, fruits, flowers, bacteria and algae.

Carotenoids are colorful and natural fat soluble pigments that work as antioxidants extracted from synthetic sources. On consumption carotenoids are convertto Vitamin A and work towards improving the immunity for humans. Carotenes provide protection from heart diseases and also contains skin treatment properties. There are different types of carotenes which includes beta-carotene, lutein, lycopene, zeaxanthin, canthaxanthin, astaxanthin and others.

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Beta Carotene market trend study shows a high growth owing to its immunity booster features. With its various properties like anti-cancer agent, anti-aging being discovered, it is garnering attention in various food, animal feed and personal care products. The fast paced live and busy schedules have resulted in aging and heart ailments and chronic diseases amongst people. This in turn has led to growth in Beta Carotene Market demand that provides food and health supplements. Beta carotene when used for pet foods helps the pets maintain good health.

Commercial production of beta carotene is done through a biotechnological process that uses bacteria, fungi and yeast and extractions from plants. The beta carotene market trend has seen a rise in the past 5 years due to better raw materials and reduced distribution costs. However, the growing popularity and demand for naturally created food and skin products is a factor that might affect the beta carotene market size.

Europe is leading contributor in the beta carotene market size with almost 35% of contribution. There is a large number of consumers and producers in Europe to meet the market demand as it is predicted to grow steadily in the coming years. Asia Pacific region is another fast growing region in the beta carotene market size. The growth of this is mostly due to the increased and steady high demand in food and beverages industry, cosmetics and healthcare industry. Dietary supplements are extremely popular amongst people amongst the growing urban population.

The beta Carotene market is segmented based on outlook, applications and region. On the basis of source it is divided as Fruits and Vegetables, Algae and synthetic. With respect to applications it can be segmented as Food and Beverages, Cosmetics, Animal feeds and dietary supplements. Geographically it can be divided as North America, Europe, Asia and Pacific, Central and South America, Middle East and Africa.

The Global beta carotene market is highly competitive as the number of experienced providers is much less than required. Some of the leading names in the industry are BASF SE, Algatechnologies Ltd, Kemin Industries, Phytone limited, Sensient technologies and many more.

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What to expect from the upcoming report on ‘Global beta carotene Market’:

- Future prospects and current trends of the beta carotene market by the end of forecast period (2018-2025)

- Information regarding technological progressions as well as innovations across the world

- Supportive initiatives by government likely to influence the market dynamics.

- Market overview and changing market dynamics of the industry.

- In-depth analysis of different market segmentations including regional segmentations, applications and types.

• Deep analysis about the competitive landscape of the market and the initiatives by them to improve this market.

- Trends, drivers, opportunities, restraints, challenges and key developments in the market

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14 November 2018, The global Beta Carotene Market size is anticipated to reach to USD 621.0 million by 2024. Increasing awareness regarding balanced diet and daily calorie monitoring are the key factors driving growth of the market. Increasing application of naturally derived beta carotene is estimated to further fuel demand in the forthcoming years.

Beta carotene is a colored pigment copiously available in fruits and plants. This antioxidant belongs to carotenoid family. Beta carotene can be derived from natural as well as synthetic sources. Natural sources include algae; fruits and vegetables like carrot, sweet potato, pumpkin, spinach, and plum; fungus; palm oil; yeast; bacteria; and fermentation of microorganisms. Benzene extracted from acetylene gas is one of the synthetic sources of this antioxidant.

Food and beverage, pharmaceutical and dietary supplements, personal care and cosmetics, and animal feed are the major end-use industries for global beta carotene market. In food and beverage, it is widely used as nutrition source and coloring agent. It is also utilized as antioxidant in dietary supplements and cosmetics industry. Beta carotene is extensively used as a nutritional supplement in animal feed. Value chain for beta carotene consists of raw material procurement, manufacturing process, distribution, and end-use industry.

Food and beverage was the largest end-user application segment in 2017 and is expected to continue showcasing similar growth trend over the next eight years. The market for food and beverage was worth more than USD 100 million in 2015. It is anticipated to expand at a CAGR of over 4% during the forecast period. Increasing awareness regarding the importance of natural food coloring is resulting in growth of the market for beta carotene.

Algae-based beta carotene was worth over USD 100 million in 2015 and is expected to exhibit a CAGR of 4.4% over the forecast period. Development of new and improved products such as Genetic Modification (GM) project and OxC-beta Livestock is projected to drive market expansion in near future. Demand in terms of consumption of synthetic beta carotene is decreasing owing to its various disadvantages including lack of nutritional value.

Europe held the largest market share of around 34% in 2015. Growing food and beverage, pharmaceutical, and personal care industries has resulted in expansion of the regional beta carotene market. Asia Pacific is expected to register the fastest CAGR of 4.6% in terms of consumption over the forecast period. Expansion of food and beverages, pharmaceutical, and animal feed among other end-use industries in developing countries such as China and India is contributing to the rise in regional demand for beta carotene.

The global beta carotene market is highly fragmented with the presence of a smaller number of mature players and a large number of small-scale regional players. This factor makes this market highly competitive in nature. The industry requires high initial investment and R&D cost. Major market participants include DSM N.V., BASF SE, Chr. Hansen Holding A/S, Foodchem International Corporation, Flavorchem Corporation, and LycoRed Ltd.

Companies are investing in research and development activities for innovating new technologies and products. Mature players such as BASF and DSN N.V. are engaged in complete integration of processes. These companies are also adopting business strategies like joint ventures and merger and acquisitions to increase their product portfolio and expand their global market presence. They are working on deriving beta carotene from genetically modified microorganisms. Introduction of advanced technologies such as Golden Rice and OxC-beta Livestock are anticipated to boost growth opportunities for the market.

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Hexa Research has segmented the Beta Carotene Market report based on source, application and region.

Segmentation by Source

• Algae
• Fruits & Vegetables
• Synthetic
• Others

Segmentation by Application

• Food & Beverages
• Dietary Supplements
• Cosmetics
• Animal Feed

Segmentation by Region

• North America
• U.S.
• Europe
• Germany
• France
• U.K.
• Asia Pacific
• China
• Japan
• India
• Central & South America
• Middle East & Africa

Key players analyzed:

• DSM N.V
• BASF SE
• Chr. Hansen Holding A/S
• Foodchem International Corporation
• Flavorchem Corporation
• Lycored
• D.D. Williamson & Co., Inc.
• BioExtract
• Nutralliance
• Zhejiang Medicine Co., Ltd
• Parry Nutraceuticals

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/food-and-beverages-industry