Global Beta-Carotene Market (2021-2026) by Source, Application, and Geography Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

The Global Beta-Carotene Market is estimated to be USD 436.59 Mn in 2021 and is expected to reach USD 609.48 Mn by 2026, growing at a CAGR of 6.9%.

Market Dynamics

Beta-carotene is an unrefined, colored red-orange pigment that is plentifully found in plants and fruits. Since a pro-vitamin A, Beta-carotene has several health benefits and is utilized as a colorant in the food & beverage industry. Beta-carotene is a powerful antioxidant and helps the body forage free radicals, thereby limiting the damage to membranes, DNA, and protein structures in the cell, thus lowering the danger of cancer. Such benefits of beta-carotene are boosting market growth.

Enlarging preference towards organically developed components and cleaner label solutions has prompted the natural beta-carotene segment’s growth. The increased requirement for immunity-boosting food products and dietary complements among the consumers has been witnessed during the COVID-19 pandemic, which has persuaded the key players to innovate in the category. Further, various scientific studies have depicted that the regular ingestion of food products rich in beta carotene, ascorbic acid, & other necessary vitamins build flexibility in the body against viruses such as COVID-19, hence expected to drive the market growth.

However, side effects associated with beta-carotene are anticipated to hinder market growth.

Market Segmentation

The Global Beta-Carotene Market is segmented further based on Source, Application, and Geography.

By Source, the market is classified into Bacteria, Fungi, Algae, Fruits & Vegetables, Synthetic, Yeasts, and Others.

By Application, the market is classified as Cosmetics & Personal Care, Food & Beverage, Pharmaceuticals, Dietary Supplements, and Animal Feed.

By Geography, North America is projected to lead the market.

Company Profiles

Some of the companies covered in this report are Alga Technologies Ltd., Allied Biotech Corp. Ltd., Atlina Lifesciences Pvt. Ltd., BASF SE, etc.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Beta-Carotene Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the analyst’s Proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market