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Beta Carotene - Global Market Trajectory & Analytics

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    Report

  • 283 Pages
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5029817
Global Beta Carotene Market to Reach $523.4 Million by 2027

Amid the COVID-19 crisis, the global market for Beta Carotene estimated at US$451.1 Million in the year 2020, is projected to reach a revised size of US$523.4 Million by 2027, growing at a CAGR of 2.1% over the period 2020-2027. Synthetic Beta Carotene, one of the segments analyzed in the report, is projected to record 1.7% CAGR and reach US$341.1 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Natural Beta Carotene segment is readjusted to a revised 2.9% CAGR for the next 7-year period.



The U.S. Market is Estimated at $122.1 Million, While China is Forecast to Grow at 4% CAGR

The Beta Carotene market in the U.S. is estimated at US$122.1 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$101.9 Million by the year 2027 trailing a CAGR of 4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.4% and 1.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 0.9% CAGR.

Select Competitors (Total 43 Featured):
  • Allied Biotech Corporation
  • BASF SE
  • Cyanotech Corporation
  • D.D. Williamson & Co., Inc.
  • Divis Laboratories Ltd.
  • Kemin Industries, Inc.
  • Koninklijke DSM NV
  • Lycored Corporation
  • Sensient Technologies Corporation
  • Zhejiang NHU Company Ltd.
Frequently Asked Questions about the Global Market for Beta Carotene

What is the estimated value of the Global Market for Beta Carotene?

The Global Market for Beta Carotene was estimated to be valued at $451.1 Million in 2020.

What is the growth rate of the Global Market for Beta Carotene?

The growth rate of the Global Market for Beta Carotene is 2.1%, with an estimated value of $523.4 Million by 2027.

What is the forecasted size of the Global Market for Beta Carotene?

The Global Market for Beta Carotene is estimated to be worth $523.4 Million by 2027.

Table of Contents

I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession

III. MARKET ANALYSIS

IV. COMPETITION
  • Total Companies Profiled: 43